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    7238   JP3108400007

AKEBONO BRAKE INDUSTRY CO., LTD.

(7238)
  Report
Delayed Japan Exchange  -  09:30:00 2023-02-07 pm EST
151.00 JPY   -0.66%
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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.

Consolidated

Financial Results

FY2022 First Half (1H)

November 10, 2022

Akebono Brake Industry Co., Ltd.

Copyright © Akebono Brake Group. All Rights Reserved.

1

Presentation Outline

  • FY2022 1H: Consolidated Financial Results
  • Progress of Business Turnaround Plan
  • Appendix

(Note) The first half (1H) of the fiscal year under review is defined as follows:

  1. North America, China, Thailand and Indonesia: January 1, 2022 to June 30, 2022
  2. Japan and Europe: April 1, 2022 to September 30, 2022

Copyright © Akebono Brake Group. All Rights Reserved.

2

FY2022 1H:

Consolidated Financial Results

Copyright © Akebono Brake Group. All Rights Reserved.

3

FY2022 1H: Consolidated Results (YoY)

(Billion yen)

67.5 71.2

FY2021 1H

FY2022 1H

4.9

5.4

4.6

3.1

3.0

3.3

2.2

(0.3)

Net Sales

Operating

Ordinary

Pre-tax Profit*

Net Profit**

Profit

Profit

FY2021 1H

67.5

3.1

3.0

3.3

2.2

FY2022 1H

71.2

(0.3)

4.9

5.4

4.6

YoY

3.7

(3.4)

2.0

2.1

2.4

* Profit before income taxes

** Profit attributable to owners of parent

Copyright © Akebono Brake Group. All Rights Reserved.

4

FY2022 1H: Overview of Consolidated Results

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.

Net Sales

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).

Copyright © Akebono Brake Group. All Rights Reserved.

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

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.


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Financials
Sales 2022 135 B 1 032 M 1 032 M
Net income 2022 4 154 M 31,6 M 31,6 M
Net Debt 2022 19 964 M 152 M 152 M
P/E ratio 2022 17,5x
Yield 2022 -
Capitalization 20 305 M 155 M 155 M
EV / Sales 2021 0,34x
EV / Sales 2022 0,30x
Nbr of Employees 5 826
Free-Float 67,7%
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Managers and Directors
Yasuhiro Miyaji Representative Director
Jin Kusanagi Chief Financial Officer & Executive Officer
Takamasa Kurinami Chief Operating Officer, Director & Vice President
Hiroaki Tanji Independent Outside Director
Yosuke Mishiro Independent Outside Director