AKEBONO BRAKE INDUSTRY CO.,LTD. (7238) Stock Price

Akebono Brake Industry is primarily engaged in the manufacturing and sales of automotive brakes and brakes for industrial machinery and railway vehicles. The company also operates related research and development, logistics, and service businesses. Akebono Brake Industry is composed of 18 consolidated subsidiaries, 1 non-consolidated subsidiary, and 2 affiliated companies not accounted for using the equity method.

In Japan, Akebono Brake Iwatsuki Manufacturing, Akebono Brake Yamagata Manufacturing, Akebono Brake Fukushima Manufacturing, and Akebono Brake Sanyo Manufacturing produce disc brakes and drum brakes, among other products. Additionally, Alorox Co., Ltd. handles logistics operations. In North America, Akebono Brake Corporation manufactures, sells, and conducts research and development of disc brakes.

In Europe, Akebono Brake Slovakia s.r.o. manufactures and sells disc brakes. In China, Akebono Braking System (Suzhou) Co., Ltd. manufactures, sells, and conducts research and development of disc brake pads, while Guangzhou Akebono Braking System Co., Ltd. manufactures and sells disc brakes and drum brakes.

In Thailand, Akebono Brake (Thailand) Co., Ltd. manufactures and sells disc brakes, and A&M Casting (Thailand) Co., Ltd. manufactures cast iron components for brakes. In Indonesia, PT. Akebono Brake Astra Indonesia manufactures and sells disc brakes and drum brakes.

Akebono Brake Industry holds the corporate philosophy of "protecting lives through the control and analysis of friction and vibration." Under this philosophy, the company aims to create new value and enhance corporate value. As a manufacturer of critical safety components, it maintains strong relationships with stakeholders and pursues sustainable growth.

The company has been executing a business revitalization plan since 2019. Despite impacts from the COVID-19 pandemic and semiconductor shortages, it has achieved recovery in operating profit. Additionally, it has completed the business revitalization plan by utilizing refinancing funds. Going forward, the company aims to restructure its North American operations and achieve profitability.

To respond to changes in the external environment, Akebono Brake Industry is building a robust corporate foundation. Specifically, it is identifying challenges by region and business segment, implementing countermeasures, and working to establish autonomous management practices. The company is also clarifying its strategic direction for renewed growth and concentrating management resources accordingly.

Compliance with stock exchange listing standards is also a critical priority. Akebono Brake Industry is working with the JIS Fund to improve its management structure. It aims to meet the free float ratio standard by 2030 while enhancing corporate value. The company is also strengthening investor relations activities to improve transparency.