Akebono Brake has reported a net loss of JPY3.2bn (US$39.8m) for the fiscal year 2011, compared to net profit of JPY5.3bn a year previously. Pre-tax income was JPY300m.
Operating income plunged to JPY3.8bn from JPY11.4bn. Net sales fell slightly to JPY209.6bn from JPY216.6bn.
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For fiscal 2012, the company expects net income of JPY3bn, pre-tax income of JPY6.5bn, operating income of JPY8.5bn and net sales of JPY213.8bn.
