Akebono Brake Industry (7238) Earnings: Operating Income Up 3.6% YoY to JPY 1.404 Billion, Ordinary Income Surges 73.8%

Akebono Brake Industry (7238) has released its financial results, reporting net sales of JPY 37,215 million, representing a 6.7% decrease compared to the same period of the previous year. Despite the lower top-line revenue, profitability improved, with operating income rising 3.6% YoY to JPY 1,404 million and ordinary income surging 73.8% YoY to JPY 1,192 million. Profit attributable to owners of parent stood at JPY 54 million, with earnings per share (EPS) of JPY 0.20.

From a financial perspective, the company reports an equity ratio of 39.0% and retained earnings of JPY 19.77 billion, alongside interest-bearing debt of JPY 35.62 billion. EBITDA was recorded at JPY 2.98 billion. Meanwhile, Return on Equity (ROE) stood at 0.13% and Return on Assets (ROA) at 0.04%, pointing to ongoing focus areas for capital efficiency and profitability enhancement moving forward.