Akebono Brake Industry Co., Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Earnings Outlook for the Fiscal Year Ending March 31, 2019
May 07, 2018
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Akebono Brake Industry Co., Ltd. reported consolidated and non-consolidated earnings results for the year ended March 31, 2018. For the period, on consolidated basis, the company's net sales were ¥264,921 million compared to ¥266,099 million a year ago. Operating profit was ¥8,143 million compared to ¥4,223 million a year ago. Ordinary profit was ¥5,796 million compared to ¥761 million a year ago. Profit attributable to owners of parent was ¥782 million or ¥5.85 per diluted share compared to ¥354 million or ¥2.65 per diluted share a year ago. Rate of ROE was 3.0% against 1.4% a year ago. Cash flow from operating activities was ¥19,354 million against ¥14,138 million a year ago.
For the period, on non-consolidated basis, the company's net sales were ¥80,911 million compared to ¥80,454 million a year ago. Operating income was ¥1,806 million compared to ¥1,668 million a year ago. Ordinary profit was ¥4,297 million compared to ¥6,253 million a year ago. Net income was ¥230 million or ¥1.72 per diluted share compared to ¥9,262 million or ¥69.32 per diluted share a year ago.
For the fiscal year ending March 31, 2019, the company expects net sales of ¥244,400 million, operating profit of ¥7,500 million, ordinary profit of ¥5,400 million, profit attributable to owners of parent of ¥2,000 million or ¥15.01 per basic share.
AKEBONO BRAKE INDUSTRY CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of brakes for automotive, industrial equipment and railway vehicles, as well as the research and development business and the logistics services business. The Company operates through six regional segments. The Company is engaged in the production of disc brakes, disc pads, drum brakes, shoe assemblies, brake linings, industrial equipment brakes, railway vehicles brakes, corner modules, rotors, master cylinders and other products. The Company operates in Japan, North America, Europe, China, Thailand and Indonesia.
Akebono Brake Industry Co., Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Earnings Outlook for the Fiscal Year Ending March 31, 2019