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 FY2025May 13, 2026
Akebono Brake Industry Co., Ltd.
FY2025: Consolidated Financial Results
FY2026: Forecast
Appendix
(Note) The consolidated fiscal year under review (FY2025) is defined as follows:
North America, China, Thailand, Indonesia: January 1, 2025 to December 31, 2025
Japan, Europe: April 1, 2025 to March 31, 2026
Presentation Outline
FY2025: Consolidated Financial Results161.7 160.1
(Billion yen)
FY2024
FY2025
5.6
4.8
3.1
4.0 3.4
1.8
0.2
(2.3)
Net Sales | Operating Profit | Ordinary Profit | Pre-tax Profit* | Net Profit** | |
FY2024 | 161.7 | 3.1 | (2.3) | 4.0 | 0.2 |
FY2025 | 160.1 | 5.6 | 4.8 | 3.4 | 1.8 |
YoY | (1.6) | + 2.4 | + 7.1 | (0.6) | + 1.7 |
* Profit before income taxes ** Profit attributable to owners of parent
FY2025: Consolidated Results (YoY)
+ 2.2
YoY
(Billion yen)
(1.6)
(1.3)
(2.5)
160.1
161.7
Net sales
(FY2024)
Volume fluctuation
Price fluctuation
（Reflection in sales prices etc.）
FOREX
Net sales
(FY2025)
Net sales decreased by 1.6 billion yen from FY2024.
There was a negative FOREX impact of 1.3 billion yen, so the actual sales decrease of 0.3 billion yen.
FY2025: Net Sales Analysis (YoY)
(Billion yen)
+ 2.2 | 5.6 | ||||||
(0.0) | |||||||
3.1 | + 1.7 | + 0.6 | |||||
(0.9) | |||||||
(1.2) | |||||||
Operating Profit FY2024 | Volume fluctuation, model mix Labor costs Cost reduction Fixed costs* Price fluctuation FOREX | Operating Profit FY2025 | |||||
Japan | 2.7 | (1.4) | (0.5) | + 0.7 | + 0.9 | + 2.2 | 4.5 | |
N.America | (3.2) | + 0.5 | (0.6) | + 0.5 | (0.4) | + 0.0 | + 0.0 | (3.2) |
Europe | 0.3 | (0.8) | + 0.1 | + 0.0 | + 0.1 | + 0.3 | + 0.0 | 0.1 |
Asia | 3.1 | + 0.9 | (0.2) | + 0.5 | + 0.0 | (0.2) | (0.1) | 4.0 |
Elimination | 0.2 | (0.0) | 0.2 |
* Fixed costs include R&D Expenses and depreciation.
FY2025: Operating Profit Analysis (YoY)
65.0
64.8
FY2024
FY2025
(Billion yen)
Net Sales
Operating
Profit
FY2024
65.0
2.7
FY2025
64.8
4.5
YoY
(0.2)
+ 1.8
4.5
2.7
Regarding automotive business, net sales decreased mainly due to a decline in production caused by a slowdown in sales for some automakers and the transfer of production of high-performance products to Europe.
Regarding aftermarket business, net sales increased due to an increase in orders from some domestic automakers and commercial vehicle manufacturers, as well as strong demand in overseas markets.
Regarding I.M./R.S.* business, despite a decrease in orders for products for forklifts in North America, net sales increased due to an increase in orders for products for rolling stock.
Despite the impact of volume fluctuation, operating profit increased due to rationalization including improvements in productivity and reflecting the impact of the steep rise in market prices of raw materials and energy costs in sales prices.
* Industrial Machinery / Rolling Stock
FY2025: Results by Region (YoY)
Japan
49.8
49.3
FY2024
FY2025
(Billion yen)
Net Sales | Operating Profit | |
FY2024 | 49.8 | (3.2) |
FY2025 | 49.3 | (3.2) |
YoY | (0.6) | (0.0) |
(3.2) (3.2)
U.S.
Net sales decreased due to a decline in orders resulting from the termination of production for certain vehicle models and reduced production volumes, as well as the impact of yen appreciation.
Operating loss increased slightly due to rising wages and higher labor costs associated with additional temporary employment for inventory buildup in preparation for the closure of the Elizabethtown plant, as well as an increase in expenses, including the impact of tariffs.
Mexico
Net sales increased due to an increase in orders for new vehicle models launched in the second half of FY2024 and other factors. Operating profit increased slightly due to an increase in orders and cost reductions.
For North America overall, despite a decrease in net sales, operating profit remained at the same level as in FY2024.
FY2025: Results by Region (YoY)
North America (U.S. and Mexico)
12.7
9.2
0.3
FY2024
Net Sales
Operating
Profit
FY2024
12.7
0.3
FY2025
9.2
0.1
YoY
(3.6)
(0.3)
FY2025
0.1
(Billion yen)
Net sales decreased due to the termination of production for certain vehicle models in accordance with vehicle model changes and the impact of a significant decline in orders caused by production volumes of automakers.
Despite implementing rationalization measures such as optimization of personnel in response to decreased production volumes and cost reductions as well as reflecting the impact of the steep rise in market prices of raw material and energy costs, operating profit decreased due to the significant impact of a decline in orders.
FY2025: Results by Region (YoY)
Europe
11.9
12.7
FY2024
FY2025
(Billion yen)
Net Sales
Operating
Profit
FY2024
11.9
0.6
FY2025
12.7
1.1
YoY
+ 0.7
+ 0.5
0.6 1.1
Despite a decline in orders for friction materials, net sales increased due to the launch of new products for Chinese automakers and other factors.
Despite the impact of revision of sales prices from some Chinese automakers, operating profit increased due to the impact of increased sales, as well as labor cost reductions through optimization of personnel implemented in FY2024 and measures to optimize raw material costs.
FY2025: Results by Region (YoY)
China
Net Sales | Operating Profit | |
FY2024 | 31.8 | 2.5 |
FY2025 | 32.5 | 2.9 |
YoY | + 0.7 | + 0.4 |
31.8
32.5
FY2024
FY2025
2.5 2.9
(Billion yen)
Thailand
Despite the termination of production for certain vehicle models in FY2024, net sales increased due to the impact of yen depreciation.
Despite the termination, operating profit increased due to rationalization measures such as productivity improvements. Indonesia
Despite a decrease in orders for compact car products and the impact of yen appreciation, net sales increased due to an
increase in orders for motorcycle products.
Despite temporary costs due to relocation to the new plant, operating profit increased due to the reflection of raw materials and energy costs in in sales prices and an increase in orders for motorcycle products.
Vietnam
Net sales and operating profit decreased due to a decrease in orders for motorcycle products. For the ASEAN region, net sales and operating profit both increased.
FY2025: Results by Region (YoY)
ASEAN （Thailand, Indonesia, Vietnam）
(Billion yen)
(2.3)
+ 2.4
+ 3.4
(0.5)
+ 1.7
4.8
YoY
+ 7.1
FY2024 Operating profit and loss
FOREX Financing expenses
Other FY2025
FOREX ((1.9)1.6): Loss due to yen appreciation in FY2024 Gain due to yen depreciation in FY2025
Financing expenses ((1.7)(0.0)): Decrease in refinancing expenses incurred in FY2024
FY2025: Ordinary Profit Analysis (YoY)
(Billion yen)
+ 0.5
+ 7.1
0.2
+ 0.2
+ 0.5
YoY
+ 2.4
(9.0)
1.8
+ 1.7
FY2024 Ordinary profit and loss
Gain on sale of
non-current assets
Gain on sale of investment securities
Income taxes-current
Income taxes-differed
Other FY2025
Gain on sale of non-current assets (0.10.6): Sale of land and building for Elizabethtown plant (U.S.) closure
Gain on sale of investment securities (9.0 0.0): Decrease in the amount of sale of investment securities
Income taxes-deferred ((1.2) 1.1): Deferred tax assets due to using loss carryforwards were reversed (FY2024), and deferred tax assets were recognized based on the Medium-Term Business Plan (FY2025).
* Profit attributable to owners of parent
FY2025 : Net Profit* Analysis (YoY)
Assets Liabilities &+0.5
Net Assets18.3 | (0.2) | 18.1 | Accounts payable Interest-bearing debts Other liabilities Net assets | 18.2 | (2.0) + 0.1 + 0.7 | 16.3 | ||
27.4 | + 2.0 | 29.4 | 35.1 | 35.2 | ||||
17.2 | + 0.2 | 17.3 | ||||||
19.0 | 19.7 | |||||||
50.2 | (1.8) | 48.3 | ||||||
55.9 Equity capital 49.5 | + 1.7 | 57.6 Equity capital 50.5 | ||||||
15.3 | + 0.4 | 15.7 |
128.3 128.8
(Billion yen)
+0.5
128.3 128.8
Cash and deposits
Accounts receivable
Inventories
Tangible assets
Other
FY2024 FY2025 FY2024 FY2025
2025/3/31 | 2026/3/31 | |
Equity ratio | 38.6% | 39.2% |
Net debt equity ratio | 0.34 Times | 0.34 Times |
Balance Sheet
CapEx (incl. intangible assets) (4.6) Sale of non-current assets + 2.0 Other + 0.1
(Billion yen)
Change in interest-bearing debts (0.4) Dividends paid to non-controlling interests (0.4)
+ 4.8
(2.4)
(0.9)
(1.7)
18.1
18.3
Pre-tax profit* + 3.4
Depreciation + 6.2
Gain and loss on sales of fixed assets (0.5) Change in working capital (3.7)
Other (incl. income tax paid (1.8)) (0.6)
2025/3/31 CF from
CF from
CF from
Exchange
2026/3/31
Cash and cash equivalents
operating activities
investing activities
financing activities
rate effect
Cash and cash equivalents
* Profit before income taxes
Free cash flow
+ 2.4
FY2025: Cash Flows
FY2026： Forecast
160.1
140.9
FY2026 Forecast
7.0
5.6
4.8 5.2
3.4
5.0
1.8
2.5
FY2025 Actual
(Billion yen)
Net Sales | Operating Profit | Ordinary Profit | Pre-tax Profit* | Net Profit** | |
FY2025 | 160.1 | 5.6 | 4.8 | 3.4 | 1.8 |
FY2026 | 140.9 | 7.0 | 5.2 | 5.0 | 2.5 |
YoY | (19.2) | + 1.4 | + 0.4 | + 1.6 | + 0.7 |
* Profit before income taxes ** Profit attributable to owners of parent
FY2026: Consolidated Forecast (YoY)
(Billion yen)
+ 3.0
YoY
(19.2)
(0.7)
Includes:
Shift to a one-plant structure in U.S.: (10.3)
Following the transfer of equity interests, the company reclassified its consolidated subsidiary in Guangzhou, China as an equity-method affiliate : (7.6)
140.9
(21.5)
160.1
Net sales
(FY2025)
Volume fluctuation
Price fluctuation
（Reflection in sales prices etc.）
FOREX
Net sales
(FY2026
Forecast)
Net sales are expected to decrease by 19.2 billion yen from FY2025.
There will be a negative volume fluctuation impact of 21.5 billion yen (including 10.3 billion yen from shifting to a one-plant structure in U.S., and 7.6 billion yen from the transfer of equity interests in the subsidiary in Guangzhou, China), a negative price fluctuation impact of 0.7 billion yen, and a positive FOREX impact of 3.0 billion yen.
FY2026: Net Sales Forecast Analysis (YoY)
(Billion yen)
5.6 | + 1.8 | + 1.0 | + 0.3 | (0.7) | + 0.2 | 7.0 | |
(1.3) | |||||||
Operating Profit FY2025 | Volume fluctuation, model mix Labor costs Cost reduction Fixed costs* Price fluctuation FOREX | Operating Profit FY2026 | |||||
Japan | 4.5 | (0.9) | (0.2) | + 0.6 | (0.4) | (0.7) | 2.8 | |
N. America | (3.2) | + 0.2 | + 2.3 | + 0.1 | + 0.4 | + 0.1 | 0.0 | 0.0 |
Europe | 0.1 | + 0.1 | (0.1) | + 0.0 | + 0.3 | (0.3) | (0.0) | 0.2 |
Asia | 4.0 | (0.8) | (0.3) | + 0.4 | (0.1) | + 0.3 | + 0.2 | 3.7 |
Eliminations | 0.2 | + 0.1 | 0.3 |
* Fixed costs include R&D Expenses and depreciation.
FY2026: Operating Profit Forecast Analysis (YoY)
Appendix
Copyrig