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

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 8.7 0 Nov 14, 2024 J-GAAP
YoY +1.3% -29.6% +84.0% -12.4% -56.9%

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 11.4 0 May 15, 2024 J-GAAP
YoY +0.8% +1.5% -73.5% -10.2% -55.8%

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%

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