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AKEBONO BRAKE INDUSTRY CO ( (JP:7238) ) has issued an update.
Akebono Brake Industry Co., Ltd. reported a challenging fiscal year ending March 31, 2025, with a decline in net sales by 2.8% and a significant drop in profit attributable to owners of the parent by 95.1%. The company experienced a decrease in total assets and net assets, reflecting financial pressures. Notably, Akebono Europe S.A.S. was excluded from the scope of consolidation, indicating a strategic shift. Despite these challenges, the company forecasts an improvement in operating profit for the next fiscal year, suggesting a potential recovery.
More about AKEBONO BRAKE INDUSTRY CO
Akebono Brake Industry Co., Ltd. is a company listed on the Tokyo Stock Exchange, primarily engaged in the manufacturing and distribution of brake systems and components. The company focuses on providing high-quality braking solutions to the automotive industry, catering to a global market.
Average Trading Volume: 1,433,853
Technical Sentiment Signal: Sell
Current Market Cap: Yen27.95B
See more data about 7238 stock on TipRanks’ Stock Analysis page.