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 Englis h translation, the Japanese original shall prevail.
Consolidated Financial Results FY2025 3QFebruary 12, 2026 Akebono Brake Industry Co., Ltd.
FY2025 3Q: Consolidated Financial Results
FY2025: Forecast
Appendix
(Note) The nine months (1-3Q) of the fiscal year are defined as follows:
North America, China, Thailand and Indonesia: January 1, 2025 to September 30, 2025
Japan and Europe: April 1, 2025 to December 31, 2025
Presentation Outline
FY2025 3Q: Consolidated Financial Results120.8 119.9
(Billion yen)
FY2024 1-3Q
FY2025 1-3Q
4.4
5.6
1.7
3.2
2.9
2.0
1.2
(1.7)
Net Sales | Operating Profit | Ordinary Profit | Pre-tax Profit* | Net Profit** | |
FY2024 1-3Q | 120.8 | 1.7 | (1.7) | 5.6 | 2.0 |
FY2025 1-3Q | 119.9 | 4.4 | 3.2 | 2.9 | 1.2 |
YoY | (0.9) | 2.7 | 4.9 | (2.8) | (0.7) |
* Profit before income taxes ** Profit attributable to owners of parent
FY2025 1-3Q: Consolidated Results (YoY)
(Billion yen)
(0.6)
+ 1.6
(1.9)
YoY
(0.9)
120.8
119.9
Net sales
(FY2024 1-3Q)
Volume fluctuation
Price fluctuation
（Reflection in
sales prices etc.）
FOREX
Net sales
(FY2025 1-3Q)
Net sales decreased by 0.9 billion yen from FY2024 1-3Q.
There was a positive price fluctuation impact of 1.6 billion yen and a negative FOREX impact of 1.9 billion yen, so an actual sales decrease of 0.6 billion yen.
FY2025 1-3Q: Net Sales Analysis (YoY)
4.4
1.7
+ 1.6
(0.0)
+ 0.6
+ 0.1
(0.5)
+ 0.9
(Billion yen)
Japan | 1.9 | (1.2) | (0.0) | + 0.5 | + 0.8 | + 1.5 | 3.5 | |
N.America | (2.6) | + 1.0 | (0.5) | + 0.0 | (0.5) | + 0.3 | + 0.1 | (2.2) |
Europe | 0.3 | (0.6) | + 0.1 | + 0.0 | + 0.1 | + 0.1 | (0.0) | (0.0) |
Asia | 2.0 | + 0.9 | + 0.0 | + 0.4 | + 0.2 | (0.3) | (0.1) | 3.0 |
Eliminations | 0.2 | (0.0) | 0.1 |
Operating Profit FY2024 1-3Q
Volume fluctuation, model mix
Labor costs
Cost reduction
Fixed costs*
Price fluctuation
FOREX
Operating Profit FY2025 1-3Q
* Fixed costs include R&D Expenses and depreciation.
FY2025 1-3Q: Operating Profit Analysis (YoY)
49.2
48.5
FY2024 1-3Q
FY2025 1-3Q
(Billion yen)
Net Sales
Operating
Profit
FY2024 1-3Q
49.2
1.9
FY2025 1-3Q
48.5
3.5
YoY
(0.6)
+ 1.6
3.5
1.9
Regarding automotive business, despite domestic new vehicle sales remaining at roughly the same level as FY2024 1-3Q, net sales decreased mainly due to the impact of a decline in orders for commercial vehicle products for the North American market.
Regarding aftermarket business, net sales increased due to an increase in orders for products for overseas markets and commercial vehicles.
Regarding I.M./R.S.* business, despite an increase in orders for products for rolling stock, net sales decreased due to a
decrease in orders for products for forklifts.
Despite the impact of volume fluctuation, operating profit increased due to various cost reductions such as outsourcing expenses as well as reflecting the impact of the steep rise in market prices of raw material and energy costs.
* Industrial Machinery / Rolling Stock
FY2025 1-3Q: Results by Region (YoY)
Japan
36.9
38.2
FY2024 1-3Q
FY2025 1-3Q
(Billion yen)
Net Sales
Operating
Profit
FY2024 1-3Q
36.9
(2.6)
FY2025 1-3Q
38.2
(2.2)
YoY
+ 1.3
+ 0.4
(2.6) (2.2)
U.S.
Despite the termination of production for certain vehicle models, net sales increased due to an increase in orders for existing vehicle models.
Despite 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 the impact of tariffs, operating loss decreased due to an increase in orders.
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 due to an increase in orders and cost reductions.
For North America overall, the losses decreased due to increases in net sales and operating profit in both the US and Mexico.
FY2025 1-3Q: Results by Region (YoY)
North America (U.S. and Mexico)
9.9
6.6
FY2024 1-3Q
FY2025 1-3Q
0.3
(0.0)
(Billion yen)
Net Sales
Operating
Profit
FY2024 1-3Q
9.9
0.3
FY2025 1-3Q
6.6
(0.0)
YoY
(3.4)
(0.3)
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 1-3Q: Results by Region (YoY)
Europe
8.5
9.2
FY2024 1-3Q
FY2025 1-3Q
(Billion yen)
Net Sales
Operating
Profit
FY2024 1-3Q
8.5
0.2
FY2025 1-3Q
9.2
0.9
YoY
+ 0.7
+ 0.7
0.9
0.2
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 and other cost reduction measures implemented in FY2024.
FY2025 1-3Q: Results by Region (YoY)
China
23.8
23.8
FY2024 1-3Q
FY2025 1-3Q
1.8 2.2
(Billion yen)
Net Sales | Operating Profit | |
FY2024 1-3Q | 23.8 | 1.8 |
FY2025 1-3Q | 23.8 | 2.2 |
YoY | + 0.0 | + 0.4 |
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 an increase in orders for motorcycle products, net sales decreased due to the impact of yen appreciation.
Despite temporary costs due to relocation to the new plant, operating profit increased due to reflecting the impact of the steep rise in market prices of raw material and energy costs 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 remained at the same level as FY2024 1-3Q, and operating profit increased.
FY2025 1-3Q: Results by Region (YoY)
ASEAN （Thailand, Indonesia, Vietnam）
(Billion yen)
YoY
(0.4)
+ 1.7
+ 4.9
+ 0.8
3.2
(1.7)
+ 2.7
FY2024 1-3Q Operating
profit and loss
FOREX Financing
expenses
Other FY2025 1-3Q
FOREX ((0.4)0.4): Loss due to yen appreciation in FY2024 1-3Q Gain due to yen depreciation in FY2025 1-3Q
Financing expenses ((1.7)(0.0)): Decrease in refinancing expenses incurred in FY2024 1-3Q
FY2025 1-3Q: Ordinary Profit Analysis (YoY)
(Billion yen)
YoY
(0.7)
FY2024 1-3Q 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 1-3Q
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 ((1.6) 0.2): Deferred tax assets due to using loss carryforwards were reversed (FY2024 1-3Q)
* Profit attributable to owners of parent
+ 4.9
(9.0)
+ 0.5
FY2025 1-3Q: Net Profit* Analysis (YoY)
+ 1.8
+ 0.6
+ 0.5
1.2
2.0
(0.6)
Assets Liabilities & Net Assets128.3 127.7
(Billion yen)
(0.6)
128.3 127.7
18.3 | (0.4) | 17.9 | Accounts payable Interest-bearing debts Other liabilities Net assets | 18.2 | 1.0 | 19.3 | ||
27.4 | 2.3 0.0 (3.1) | 29.8 | 35.1 | (0.3) | 34.8 | |||
17.2 | ||||||||
17.2 | ||||||||
19.0 | (0.5) | 18.6 | ||||||
50.2 | ||||||||
47.1 | ||||||||
55.9 Equity capital 49.5 | (0.9) | 55.0 Equity capital 48.3 | ||||||
15.3 | 0.5 | 15.8 |
Cash and
deposits
Accounts receivable
Inventories
Tangible assets
Other
FY2024 FY2025 3Q
FY2024 FY2025 3Q
2025/3/31 | 2025/12/31 | |
Equity ratio | 38.6% | 37.8% |
Net debt equity ratio | 0.34 Times | 0.35 Times |
Balance Sheet
CapEx (incl. intangible assets) (3.1)
Sale of non-current assets + 2.0
(Billion yen)
Pre-tax profit* + 2.9
Depreciation + 4.6
Gain on sale of non-current assets (0.6) Change in working capital (1.9) Other (incl. income tax paid (1.4)) (1.6)
18.3
(1.8)
+ 3.3
17.9
Change in interest-bearing debts
(0.6)
Dividends paid to non-contro ling interests (0.4)
(1.0)
(1.0)
2025/3/31 CF from
CF from
CF from
Exchange
2025/12/31
Cash and
cash equivalents
operating activities
investing activities
financing activities
rate effect
Cash and
cash equivalents
* Profit before income taxes
Free cash flow
+ 2.3
FY2025 1-3Q: Cash Flows
FY2025： Forecast
FY2025 Revised Forecast
4.0
5.0
4.0
1.7
3.0
0.6
0.3
154.6
159.4
(Billion yen)
FY2025 Initial Forecast
(1.3)
Net Sales | Operating Profit | Ordinary Profit | Pre-tax Profit* | Net Profit** | |
FY2025 Initial Forecast | 154.6 | 4.0 | 1.7 | 0.6 | (1.3) |
FY2025 Revised Forecast | 159.4 | 5.0 | 4.0 | 3.0 | 0.3 |
Difference | + 4.8 | + 1.0 | + 2.3 | + 2.4 | + 1.6 |
* Profit before income taxes ** Profit attributable to owners of parent
FY2025: Revised Forecast
+ 3.8
Compared to initial forecast
+ 4.8
(Billion yen)
+ 0.1
+ 0.9
154.6
159.4
Net sales
(Initial forecast)
Volume fluctuation
Price fluctuation
（Reflection in
sales prices etc.）
FOREX
Net sales
(Revised forecast)
Net sales are expected to increase by 4.8 billion yen compared to the initial forecast.
There will be a positive price fluctuation impact of 0.9 billion yen and a positive FOREX impact of
3.8 billion yen, so an actual sales increase of 0.1 billion yen.
FY2025: Net Sales Analysis (Initial & Revised Forecast)
5.0
4.0
+ 0.2
(0.7)
+ 0.7
(0.2)
+ 0.9
+ 0.1
(Billion yen)
Japan | 3.3 | + 0.2 | (0.3) | + 0.2 | + 0.2 | + 0.4 | 4.0 | |
N. America | (2.6) | (0.7) | (0.2) | + 0.3 | (0.1) | + 0.0 | (0.1) | (3.4) |
Europe | 0.1 | (0.4) | + 0.0 | + 0.0 | + 0.0 | + 0.4 | + 0.0 | 0.1 |
Asia | 3.0 | + 1.1 | (0.2) | + 0.2 | (0.3) | + 0.1 | + 0.2 | 4.1 |
Eliminations | 0.2 | + 0.0 | 0.2 |
Operating Profit Initial forecast
Volume fluctuation, model mix
Labor costs
Cost reduction
Fixed costs*
Price fluctuation
FOREX
Operating Profit Revised forecast
* Fixed costs include R&D Expenses and depreciation.
FY2025: Operating Profit Analysis (Initial & Revised Forecast)
(Billion yen)
Compared to initial forecast
4.0
1.7
+ 1.0
(0.4)
+ 1.7
+ 2.3
Ordinary profit
（Initial forecast）
Operating profit and loss
FOREX Other Ordinary profit
（Revised forecast）
Ordinary profit is expected to increase 2.3 billion yen compared to the initial forecast due to an increase in operating profit and foreign exchange gains.
FY2025: Ordinary Profit Analysis (Initial & Revised Forecast)