Akebono Brake Industry Co. Ltd. Reports Consolidated Earnings Results for the Third Quarter Ended December 31, 2015; Provides Earnings Guidance for the Year Ending March 31, 2016
February 04, 2016 at 05:33 am EST
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Akebono Brake Industry Co. Ltd. reported consolidated earnings results for the third quarter ended December 31, 2015. For the quarter, the company reported net sales of JPY 211,466 million against JPY 185,731 million a year ago. Operating loss was JPY 2,283 million against operating income of JPY 2,822 million a year ago. Ordinary loss was JPY 4,003 million against operating income of JPY 2,753 million a year ago. Loss attributable to owners of parent was JPY 6,295 million against JPY 500 million a year ago. Net loss per share basic was JPY 47.32 against JPY 3.76 a year ago.
For the year ending March 31, 2016, the company expects net sales of JPY 283,000 million, operating loss of JPY 3,500 million, ordinary loss of JPY 6,000 million and loss attributable to owners of parent of JPY 7,000 million or Net loss per share basic of JPY 52.62.
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 Earnings Results for the Third Quarter Ended December 31, 2015; Provides Earnings Guidance for the Year Ending March 31, 2016