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Akebono Brake Industry Co Ltd (7238.T)

7238.T on Tokyo Stock Exchange

356JPY
17 Nov 2017
Change (% chg)

¥8 (+2.30%)
Prev Close
¥348
Open
¥354
Day's High
¥358
Day's Low
¥352
Volume
990,600
Avg. Vol
1,207,457
52-wk High
¥414
52-wk Low
¥264

Latest Key Developments (Source: Significant Developments)

Akebono Brake Industry plans reorganization of three European units
Thursday, 16 Mar 2017 

Akebono Brake Industry Co Ltd <7238.T> : Says co's wholly owned Belgium-based controlling company Akebono Brake Europe N.V. (AENV) will transfer entire 100 percent stake in Akebono Europe S.A.S., Akebono Europe GmbH and Akebono Brake Slovakia s.r.o. (target firms) respectively, to the company . Transaction amount is totaling 9.5 million euros (about 1.16 billion yen) . Co will own 100 percent stake in target firms directly .And the unit AENV will commence on dissolution and liquidation after divestiture of target firms.  Full Article

R&I's withdraws rating on AKEBONO BRAKE INDUSTRY
Thursday, 31 Mar 2016 

AKEBONO BRAKE INDUSTRY CO LTD:Rating and Investment Information, Inc.'s withdrew the rating on the company of "BBB-".  Full Article

AKEBONO BRAKE INDUSTRY expects extraordinary profit for Q4 of FY 2016
Thursday, 10 Mar 2016 

AKEBONO BRAKE INDUSTRY CO LTD:Says it expects an extraordinary profit of 1,669 mln yen recorded as gain on sale of investment stocks for Q4 of fiscal year ending March 2016.  Full Article

AKEBONO BRAKE INDUSTRY to merge with units
Tuesday, 2 Feb 2016 

AKEBONO BRAKE INDUSTRY CO LTD:To merge with its three Saitama-based wholly owned subsidiaries effective on April 1.Says the three units to be dissolved after the transaction.  Full Article

AKEBONO BRAKE INDUSTRY lowers consolidated full-year outlook for FY 2016
Tuesday, 15 Dec 2015 

AKEBONO BRAKE INDUSTRY CO LTD:Says the company lowered the consolidated full-year outlook for the FY ending March 2016.Revenue forecast decreased to 283,000 million yen from 288,000 million yen.Operating profit forecast decreased to a loss of 3,500 million yen from 6,500 million yen.Ordinary profit forecast decreased to a loss of 6,000 million yen from 4,800 million yen.Net profit forecast decreased to a loss of 7,000 million yen from 1,500 million yen.Earnings per share decreased to a loss of 52.62 yen from 11.28 yen.Comments that decreased demand and increased expense are the main reasons for the forecast.  Full Article

AKEBONO BRAKE INDUSTRY receives report from investigation committee
Tuesday, 15 Dec 2015 

AKEBONO BRAKE INDUSTRY CO LTD:Received report from investigation committee for improper accounting.Previous release disclosed on Nov. 4.  Full Article