AKEBONO BRAKE INDUSTRY CO.,LTD., First Half Ordinary Profit Turns to Loss, July-September Ordinary Profit Loss Widens

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Thu Nov 14, 2024 3:00 pm JST Earnings

7238 AKEBONO BRAKE INDUSTRY CO.,LTD. 【J-GAAP】

Earnings Report

AKEBONO BRAKE INDUSTRY CO.,LTD. <7238> [TSE-P] announced its financial results in the afternoon session on November 14th (15:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 3.83 billion yen (compared to a profit of 1.15 billion yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand by 84.0% from the same period last year, reaching 4.83 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss expanded to a loss of 4.03 billion yen (compared to a loss of 87 million yen in the same period last year). However, the operating profit/loss margin improved from -0.2% in the same period last year to 1.9%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	71,176	-264	4,918	4,610	34.5	218.0	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	81,163	-166	1,153	758	5.7	30.5	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	81,392	863	-3,834	740	5.5	ー	Nov 14, 2024	J-GAAP
YoY	+0.3%	－	－	-2.4%	-2.5%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	ー	ー	ー	ー	－	0	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	81,392	863	-3,834	740	5.5	0	Nov 14, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	85,138	3,319	2,627	2,694	20.2	0	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	86,208	2,337	4,834	2,360	17.7	0	Nov 14, 2024	J-GAAP
YoY	+1.3%	-29.6%	+84.0%	-12.4%	-12.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	153,984	185	2,256	960	7.2	0	May 12, 2023	J-GAAP
Mar, 2024	166,301	3,153	3,780	3,452	25.8	0	May 15, 2024	J-GAAP
Mar, 2025 Guidance	167,600	3,200	1,000	3,100	23.2	0	May 15, 2024	J-GAAP
YoY	+0.8%	+1.5%	-73.5%	-10.2%	-10.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	40,204	-67	-87	-495	-3.7	-0.2	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	43,813	1,254	-46	-567	-4.3	2.9	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	41,325	2,065	2,673	3,261	24.4	5.0	May 15, 2024	J-GAAP
Apr - Jun, 2024	39,730	70	204	5,880	44.0	0.2	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	41,662	793	-4,038	-5,140	-38.5	1.9	Nov 14, 2024	J-GAAP
YoY	+3.6%	－	-4,541.4%	-938.4%	-937.2%