AKEBONO BRAKE INDUSTRY CO.,LTD. [7238.T]
TOKYO, Apr 17 (Pulse News Wire) – Akebono Brake Industry CO.,LTD. (7238.T) resolved today to transfer part of its stake in Guangzhou Akebono Brake Co., Ltd., located in China, to Fujiwa Machinery Industrial (Kunshan) Co., Ltd., and to conduct a third-party capital increase.
As a result, Akebono's shareholding ratio in Guangzhou Akebono will decrease from approximately 50% to 30%, while Fujiwa Machinery will hold 40%. Additionally, Kunshan Huazhun Testing Co., Ltd. will acquire a portion through a third-party capital increase, increasing their holding to 30%. Guangzhou Akebono was established in October 13, 2004, with a capital of ¥100 million, focusing on manufacturing and selling disc brakes and drum brakes in China.
The restructuring involves transferring management control to the Fujiwa Group, allowing Akebono to focus more on brake pad production and sales operations in Suzhou. The transaction is expected to conclude on June 30, 2026, and will result in special gains being recorded in the consolidated accounts for the fiscal year ending March 2027, amounting to ¥300 million and -¥1 million respectively. Details of Guangzhou Akebono’s recent performance show total assets of ¥438 million, ¥339 million, and ¥390 million for the fiscal years ended December 2023, 2024, and 2025, respectively. Revenue figures stood at ¥451 million, ¥395 million, and ¥453 million during the same periods.
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