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akebono brake industry co (7238) Details

Akebono Brake Industry Co., Ltd. engages in the research and development, manufacture, and sale of brakes, and related components and parts worldwide. The company offers disc brake calipers, disc brake pads, drum brakes, drum brake linings, drum brake shoes, wheel cylinders, disc rotors, corner modules, drum-in-hat brakes, brake drums, sensors, etc. for automobiles; and disc brakes, disc brake pads, and master cylinders for motorcycles. It also provides brakes for rolling stock comprising disc brake calipers and brake linings for bullet trains, brake linings for rolling stock, disc brake pads for bullet trains, brake shoes for railroad trains, disc brakes for maglev trains, etc. In addition, the company offers brakes for industrial machinery, which include forklifts, cranes, automobile air-conditioning units, agricultural equipment, heavy-duty trailers, and wind power generation systems, as well as friction materials, drum brakes, disc brakes, and negative brakes. Further, it provides sensor products, including acceleration sensors, angular rate sensors, and sensor clusters; concept automotive brakes, concept motorcycle brakes, and concept mountain bike brakes; brake systems for Formula 1 and touring car racing; and concrete pouring detection systems, IT tilt-measurement systems, and vehicle behavior detection device for rolling stock. The company was formerly known as Akebono Sekimen Kogyo Co., Ltd. and changed its name to Akebono Brake Industry Co., Ltd. in 1960. Akebono Brake Industry Co., Ltd. was founded in 1929 and is headquartered in Tokyo, Japan.

8,505 Employees
Last Reported Date: 06/19/14
Founded in 1929

akebono brake industry co (7238) Top Compensated Officers

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akebono brake industry co (7238) Key Developments

Akebono Brake Industry Co. Ltd. Presents at Nomura Investment Forum 2014, Dec-02-2014

Akebono Brake Industry Co. Ltd. Presents at Nomura Investment Forum 2014, Dec-02-2014 . Venue: The Palace Hotel Tokyo, Tokyo, Japan.

Akebono Brake Industry Co. Ltd. Reports Earnings Results for the Six Months Ended September 30, 2014; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2015; Provides Dividend Guidance for Full Year Ending March 31, 2015; Declares Quarterly Dividend

Akebono Brake Industry Co. Ltd. reported earnings results for the six months ended September 30, 2014. The company has reported that net income for the six months ended September 30, 2014 was JPY 920 million, or JPY 6.89 per diluted share, compared to JPY 958 million, or JPY 7.19 per diluted share, for the same period ended September 30, 2013. Net sales for the six months ended September 30, 2014 were JPY 123.12 billion, compared to JPY 116.38 billion for the same period ended September 30, 2013. Operating income for the six months ended September 30, 2014 was JPY 3.72 billion, compared to JPY 3.22 billion for the same period ended September 30, 2013. Ordinary income was JPY 3,460 million compared to JPY 2,957 million a year ago. Income before income taxes and minority interests was JPY 3,051 million compared to JPY 2,781 million a year ago. Cash flow provided by operating activities was JPY 1,743 million compared to JPY 5,274 million a year ago. Purchase of property, plant and equipment was JPY 10,327 million compared to JPY 9,565 million a year ago. For the second quarter of full year ending March 31, 2015, the company declared a dividend of JPY 5.00 per share compared to declared dividend of JPY 5.00 per share for the same period a year ago. For the full year ending March 31, 2015, the company expects to pay year end dividend of JPY 5.00 per share and full year dividend of JPY 10.00 compared to declared dividend for the year end of JPY 5.00 per share and full year dividend of JPY 10.00 per share for the same period a year ago. For the fiscal year ending March 31, 2015, the company expects net sales to be JPY 251.4 billion, ordinary income of JPY5,600 million and net income to be JPY 600 million, or JPY 4.51 per basic share.

Akebono Brake Industry Co. Ltd. Revises Earnings Guidance for the First Half and Full Year Ending March 31, 2015

Akebono Brake Industry Co. Ltd. revised earnings guidance for the first half and full year ending March 31, 2015. For the first half, the company expects net sales of ¥123,100 million, operating income of ¥3,700 million and net income of ¥900 million or earnings per share of ¥15.04 against previous guidance of net sales of ¥122,000 million, operating income of ¥5,200 million and net income of ¥2,000 million or earnings per share of ¥6.77. First half net sales are expected to slightly exceed the original plan while operating income, ordinary income, and net income will largely decline. The major reasons for the decline in operating income are losses resulting from temporary recording errors for inventory expenses during the first quarter of 2015 fiscal year, further coupled by additional costs due to an unanticipated increase in customer production volumes and model changes at the Akebono Brake, Elizabethtown Plant (ABE Plant: Elizabethtown, KY). Net income is expected to decline from the original plan as a result of the partial reversal of deferred tax assets resulting from the acquisition of Akebono Brake Sanyo Manufacturing Co. Ltd. For the full year, the company expects net sales of ¥251,400 million, operating income of ¥6,000 million and net income of ¥600 million or earnings per share of ¥4.51 against previous guidance of net sales of ¥243,000 million, operating income of ¥11,000 million and net income of ¥4,000 million or earnings per share of ¥30.08. With regards to the ABE Plant, disc brake production lines capacity constraints will continue as a results of sustained increase in customer orders coupled by concentration of new program launches. Production associates have been increased and expedited air freight has increased to fulfill production shortages. Costs will increase due to these countermeasures and an operating loss for the North American Region is expected. As a result, the revised forecasts are expected to largely decrease from the original business plan and therefore the company hereby revised first half and full year forecast.

 

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7238

Industry Average

Valuation 7238 Industry Range
Price/Earnings 21.7x
Price/Sales 0.2x
Price/Book 1.0x
Price/Cash Flow 12.9x
TEV/Sales NM Not Meaningful
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