Note: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
November 14, 2025
[Summary] Consolidated Financial Results for the Six Months Ended September 30, 2025 (Under Japanese GAAP)
Company name: AKEBONO BRAKE INDUSTRY CO., LTD.
Listing: Tokyo Stock Exchange Securities code: 7238
URL: https://www.akebono-brake.com/ Representative: Hiroshi Nagaoka, President & CEO
Inquiries: Masafumi Onozaki, General Manager, Accounting Department Telephone: +81-3-5299-7629
Scheduled date to file semi-annual securities report: November 14, 2025 Scheduled date to commence dividend payments: -
Preparation of supplementary material on financial results: Yes Holding of financial results briefing: Yes
(Yen amounts are rounded to the nearest million, unless otherwise noted.)
-
Consolidated financial results for the six months ended September 30, 2025 (from April 1, 2025 to September 30, 2025)
-
Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Six months ended
September 30, 2025
September 30, 2024
Millions of yen
78,942
81,392
%
(3.0)
0.3
Millions of yen
2,298
863
%
166.1
-
Millions of yen
744
(3,834)
%
-
-
Millions of yen
(788)
740
%
-
(2.3)
Note: Comprehensive income
For the six months ended September 30, 2025:
¥
(3,677) million [
-%]
For the six months ended September 30, 2024:
¥
(51) million [
-%]
Basic earnings per share
Diluted earnings per share
Six months ended
Yen
Yen
September 30, 2025
(2.90)
-
September 30, 2024
5.54
1.37
- Consolidated financial position
Total assets
Net assets
Equity-to-asset ratio
As of
September 30, 2025
March 31, 2025
Millions of yen
125,103
128,326
Millions of yen
52,273
55,945
%
36.7
38.6
Reference: Equity
As of September 30, 2025:
¥
45,939 million
As of March 31, 2025:
¥
49,498 million
-
Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)
-
Cash dividends
Annual dividends per share
First quarter-end
Second quarter-end
Third quarter-end
Fiscal year-end
Total
Yen
Yen
Yen
Yen
Yen
Fiscal year ended March 31, 2025
-
0.00
-
0.00
0.00
Fiscal year ending March 31, 2026
-
0.00
Fiscal year ending March 31, 2026
(Forecast)
-
0.00
0.00
Note: Revisions to the forecast of cash dividends most recently announced: None
Note: The above table shows dividends on common shares. Please refer to "(Reference) Dividends on Class Shares" for information regarding dividends on class shares, which have different rights from common shares.
- Consolidated financial result forecasts for the fiscal year ending March 31, 2026 (from April 1, 2025 to March 31, 2026)
(Percentages indicate year-on-year changes.)
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Basic earnings per share | |||||
Full year | Millions of yen 154,600 | % (4.4) | Millions of yen 4,000 | % 28.1 | Millions of yen 1,700 | % - | Millions of yen (1,300) | % - | Yen (4.79) |
Note: Revisions to the financial result forecast most recently announced: None
* NotesSignificant changes in the scope of consolidation during the period: None
Adoption of accounting treatment specific to the preparation of semi-annual consolidated financial statements: None
Changes in accounting policies, changes in accounting estimates, and restatement
Changes in accounting policies due to revisions to accounting standards and other regulations: None
Changes in accounting policies due to other reasons: None
Changes in accounting estimates: None
Restatement: None
Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 2025
273,755,222 shares
As of March 31, 2025
273,755,222 shares
Number of treasury shares at the end of the period
As of September 30, 2025
2,324,866 shares
As of March 31, 2025
2,375,138 shares
Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2025 | 271,410,720 shares |
Six months ended September 30, 2024 | 133,592,969 shares |
Semi-annual financial results reports are exempt from review conducted by certified public accountants or an audit firm.
Proper use of earnings forecasts, and other special matters
The financial forecast and other descriptions of the future presented in this document are based on currently available information and assumptions which are deemed reasonable at present. Consequently, the actual financial performance may vary significantly from the forecast due to various factors.
(Reference) Dividends on Class Shares
Dividends per share related to Class Shares with different rights from those of common shares are as follows.
Annual dividends | |||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | 4th quarter-end | Total | |
Class A Shares Fiscal year ended March 31, 2025 Fiscal year ending March 31, 2026 | Yen - - | Yen 0.00 0.00 | Yen - | Yen 0.00 | Yen 0.00 |
Fiscal year ending March 31, 2026 (Forecast) | - | 0.00 | 0.00 | ||
(Note) Number of Class A Shares in issue are 13,700 shares. 20,000 Class A Shares were originally issued on 30 September 2019. The Company acquired a total of 6,300 Class A shares upon an exercise by the holder of the Class A Shares of the right to request acquisition of the Class A Shares in exchange for Common Shares on January 14, 2025 and then retired the total of 6,300 Class A Shares on January 16, 2025.
Semi-annual Consolidated Financial Statements
Semi-annual Consolidated Balance Sheet
(Millions of yen) As of March 31, 2025 As of September 30, 2025
Assets
Current assets
Cash and deposits | 18,303 | 17,228 |
Notes and accounts receivable - trade | 27,440 | 28,496 |
Merchandise and finished goods | 4,252 | 3,447 |
Work in process | 2,605 | 2,466 |
Raw materials and supplies | 10,296 | 10,167 |
Other | 2,296 | 2,890 |
Allowance for doubtful accounts | (240) | (209) |
Total current assets | 64,951 | 64,485 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures | 52,633 | 51,224 |
Accumulated depreciation | (41,995) | (41,447) |
Buildings and structures, net | 10,638 | 9,777 |
Machinery, equipment and vehicles | 149,423 | 142,262 |
Accumulated depreciation | (129,655) | (124,162) |
Machinery, equipment and vehicles, net | 19,769 | 18,100 |
Land | 13,727 | 13,641 |
Construction in progress | 4,229 | 4,430 |
Other | 23,176 | 22,934 |
Accumulated depreciation | (21,382) | (21,255) |
Other, net | 1,794 | 1,680 |
Total property, plant and equipment | 50,158 | 47,628 |
Intangible assets | 2,358 | 2,073 |
Investments and other assets | ||
Investment securities | 85 | 93 |
Retirement benefit asset | 8,548 | 8,649 |
Deferred tax assets | 1,025 | 960 |
Other | 1,202 | 1,216 |
Total investments and other assets | 10,860 | 10,917 |
Total non-current assets | 63,375 | 60,618 |
Total assets | 128,326 | 125,103 |
(Millions of yen) As of March 31, 2025 As of September 30, 2025
Liabilities
Current liabilities
Notes and accounts payable - trade | 18,238 | 18,247 |
Short-term borrowings | 2,862 | 4,068 |
Lease liabilities | 103 | 100 |
Income taxes payable | 720 | 549 |
Accrued expenses | 6,002 | 6,627 |
Provision for bonuses | 1,065 | 1,040 |
Notes payable - facilities | 139 | 72 |
Other | 2,208 | 2,175 |
Total current liabilities | 31,337 | 32,878 |
Non-current liabilities | ||
Long-term borrowings | 32,000 | 32,000 |
Lease liabilities | 166 | 120 |
Provision for retirement benefits for directors (and other officers) | 8 | 8 |
Retirement benefit liability | 3,374 | 3,233 |
Deferred tax liabilities | 2,570 | 2,406 |
Deferred tax liabilities for land revaluation | 1,665 | 1,665 |
Other | 1,260 | 518 |
Total non-current liabilities | 41,044 | 39,951 |
Total liabilities | 72,381 | 72,829 |
Net assets | ||
Shareholders' equity | ||
Share capital | 19,939 | 19,939 |
Capital surplus | 2,345 | 2,320 |
Retained earnings | 17,872 | 17,084 |
Treasury shares | (1,586) | (1,552) |
Total shareholders' equity | 38,571 | 37,791 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 13 | 20 |
Revaluation reserve for land | 3,741 | 3,741 |
Foreign currency translation adjustment | 6,421 | 3,567 |
Remeasurements of defined benefit plans | 752 | 820 |
Total accumulated other comprehensive income | 10,927 | 8,148 |
Share acquisition rights | 25 | 23 |
Non-controlling interests | 6,422 | 6,312 |
Total net assets | 55,945 | 52,273 |
Total liabilities and net assets | 128,326 | 125,103 |
Semi-annual Consolidated Statements of Income and Comprehensive Income Semi-annual Consolidated Statement of Income
For the six months ended September 30, 2024
(Millions of yen)
For the six months ended September 30, 2025
Net sales 81,392 78,942
Cost of sales 73,756 70,434
Gross profit 7,636 8,509
Selling, general and administrative expenses 6,772 6,211
Operating profit 863 2,298
Interest income 165 93
Non-operating income
Other 163 56
Dividend income 163 4
Non-operating expenses
Total non-operating income 490 153
Foreign exchange losses 2,270 532
Interest expenses 927 900
Financing expenses 1,698 27
Expenses for product compensation 47 26
Total non-operating expenses 5,187 1,707
Other 245 223
Extraordinary income
Ordinary profit (loss) (3,834) 744
Gain on sale of investment securities 8,863 0
Gain on sale of non-current assets 36 24
Total extraordinary income 8,901 24
Gain on reversal of share acquisition rights 3 -
Loss on sale and retirement of non-current assets 59 28
Extraordinary losses
Loss on reversal of foreign currency translation adjustment
848
-
Business restructuring expenses 498 416
Total extraordinary losses 1,405 626
Loss on disaster - 181
Income taxes - current 1,129 709
Profit before income taxes 3,663 142
Total income taxes 2,634 513
Income taxes - deferred 1,505 (196)
Profit attributable to non-controlling interests 289 417
Profit (loss) 1,029 (371)
Profit (loss) attributable to owners of parent 740 (788)
Semi-annual Consolidated Statement of Comprehensive Income
For the six months ended September 30, 2024
(Millions of yen)
For the six months ended September 30, 2025
Profit (loss) 1,029 (371)
Other comprehensive income
Valuation difference on available-for-sale securities (7,845) 7
Foreign currency translation adjustment 6,956 (3,404)
Remeasurements of defined benefit plans, net of tax (192) 91
Total other comprehensive income (1,080) (3,306)
Comprehensive income (51) (3,677)
Comprehensive income attributable to
Comprehensive income attributable to owners of parent
(949)
(3,567)
Comprehensive income attributable to non-controlling
interests
898 (110)
Semi-annual Consolidated Statement of Cash Flows | ||
(Millions of yen) | ||
For the six months | For the six months | |
ended September 30, 2024 | ended September 30, 2025 | |
Cash flows from operating activities | ||
Profit before income taxes | 3,663 | 142 |
Depreciation | 3,380 | 3,019 |
Increase (decrease) in allowance for doubtful accounts | 27 | (33) |
Increase (decrease) in retirement benefit liability | (213) | 15 |
Interest and dividend income | (327) | (98) |
Interest expenses | 927 | 900 |
Loss (gain) on sale and retirement of non-current assets | 23 | 4 |
Loss (gain) on sale of investment securities | (8,863) | (0) |
Decrease (increase) in trade receivables | 1,880 | (2,060) |
Decrease (increase) in inventories | (312) | 247 |
Increase (decrease) in trade payables | (1,595) | 637 |
Other, net | 1,735 | 278 |
Subtotal | 324 | 3,052 |
Interest and dividends received | 327 | 98 |
Interest paid | (925) | (877) |
Income taxes paid | (975) | (1,061) |
Income taxes refund | 85 | - |
Payments for business restructuring | (245) | (392) |
Other, net | (2,300) | - |
Net cash provided by (used in) operating activities | (3,709) | 820 |
Cash flows from investing activities
Purchase of property, plant and equipment and intangible assets
(3,357)
(2,144)
Proceeds from sale of property, plant and equipment
and intangible assets
61 22
Purchase of investment securities (0) (0)
Proceeds from sale of investment securities 11,511 0
Other, net (39) 78
Net cash provided by (used in) investing activities 8,176 (2,044)
Cash flows from financing activities
Net increase (decrease) in short-term borrowings 2,968 1,440
Proceeds from long-term borrowings 31,040 -
Repayments of long-term borrowings (50,076) -
Dividends paid to non-controlling interests (2,480) (354)
Repayments of finance lease liabilities (50) (46)
Net decrease (increase) in treasury shares (0) 0
Net cash provided by (used in) financing activities (18,598) 1,040
Effect of exchange rate change on cash and cash equivalents
3,477
(891)
Net increase (decrease) in cash and cash equivalents (10,654) (1,075)
Cash and cash equivalents at beginning of period 26,949 18,303
Increase (decrease) in cash and cash equivalents resulting
from change in scope of consolidation
(273) -
Cash and cash equivalents at end of period 16,023 17,228