Akebono Brake Industry Co., Ltd.
Akebono Brake Industry Co., Ltd. Financial Summary for the Second Quarter (Interim) of Fiscal Year Ending March 2027
For the second quarter (interim) of the fiscal year ending March 2027, consolidated net sales were 75,784 million yen, a -4.0% year-over-year decline; operating income was 2,614 million yen, up 13.8%; ordinary income was 1,914 million yen, up 157.4%; and net income attributable to owners of parent improved to 1 million yen (from a -800 million yen loss in the prior-year period). Full-year outlook remains unchanged from the previous announcement. Profitability improvement driven by consolidation to a single North American plant contributed. Financial position shows total assets of 127,000 million yen and net assets of 57,000 million yen including movements in current assets and liabilities. A debt service coverage covenant has been triggered. Segment results report increases and decreases across Japan, North America, Europe, China, Thailand and Indonesia.
Key Figures
- Net Sales: 75,784 million yen (Year-over-Year -4.0%)
- Operating Income: 2,614 million yen (Year-over-Year +13.8%)
- Ordinary Income: 1,914 million yen (Year-over-Year +157.4%)
AI要約
Overview of Results
Consolidated results for the second quarter of the fiscal year ending March 2027 showed net sales of 75,784 million yen, a -4.0% year-over-year decline. However, operating income improved to 2,614 million yen (up 13.8% year-over-year) supported by progress in consolidating to a single North American plant. Ordinary income was 1,914 million yen (up 157.4% year-over-year), and net income attributable to owners of parent turned positive to 1 million yen. Due to new financial covenants attached to repayment terms, a debt service coverage ratio condition was triggered, and the company has obtained creditor consent to waive certain rights to avoid default. Segment performance during the interim was generally solid across Japan, North America, Europe, China, Thailand and Indonesia.
Financial Position and Outlook
At the end of the interim period, total assets stood at 127,000 million yen and net assets were approximately 57,000 million yen. Cash and deposits amounted to 18,200 million yen, and interest-bearing debt was 30,400 million yen. Dividends were 0 yen for the fiscal year ended March 2026 and are expected to be 0 yen for the fiscal year ending March 2027; the financial summary states there is no revision to the full-year forecast. Strengthening U.S. manufacturing capacity and pass-through of costs are expected to be key factors for future performance.
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Akebono Brake Industry Co., Ltd.
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