Akebono’s net sales for fiscal year ended 31 March 2014 were up 14.9% to JPY236.7bn (US$2.32bn) compared with JPY206.1bn in the same period year ago.
Like many other Japanese corporatrions, the company was boosted by the lower yen.
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Operating income for the brakes specialist was up 87.3% to JPY8.1bn compared with JPY4.32bn in the previous year.
Net income of the company increased to JPY2.42bn compared with JPY518m in 2013.
Performance forecast for the fiscal year ending 31 March 2015 (1 April 2014 – 31 March 2015)
- First Half
Net sales: JPY122bn
Operating income: JPY5.2bn
Net income: JPY2bn
- Full year
Net sales: JPY243bn
Operating income: JPY11bn
Net income: JPY4bn
