Akebono Brake Industry : Consolidated Financial Results for FY2022 2Q
11/17/2022 | 11:39pm EST
Note: This document is a translation of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.
In FY2022 1H (April 1 to September 30, 2022), Akebono continued to face an uncertain business environment. In addition to a reduction in production by automakers due to the worldwide shortage of semiconductors and a shortage of parts supply caused by lockdown in China, Akebono was also impacted by factors such as rising raw material costs and energy costs due to an increase in geopolitical risk.
There was a decrease in sales caused by the temporary suspension of manufacturing by automakers due to supply chain issues in accordance with the shortage of semiconductors and spread of COVID-19. However, there was also an impact from a depreciation of the yen. As a result, net sales amounted to 71.2 billion yen (an increase of 5.4% year-on-year).
Akebono Brake Industry Co. Ltd. published this content on 18 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 November 2022 04:38:05 UTC.