AKEBONO BRAKE INDUSTRY CO.,LTD. [7238.T]
TOKYO, Jun 24 (Pulse News Wire) – Akebono Brake Industry CO.,LTD. (7238.T) reported on Friday that it remains non-compliant with Tokyo Stock Exchange listing maintenance criteria as of March 31, 2026.
The company previously submitted a plan to meet these standards on June 13, 2025. As of March 31, 2026, the firm's free float ratio stood at ¥11.80 billion%, falling below the required threshold of ¥10.00 billion%. To address this issue, Akebono continues to collaborate closely with Japan Industrial Solutions Second Investment Limited Partnership (JIS Fund). The partnership was established through a capital contribution agreement signed on July 18, 2019, aimed at refinancing existing debts via a loan completed on June 28, 2024.
Despite progress, the company faces challenges due to JIS Fund’s significant shareholding, which currently stands at 100%. In addition to operational improvements, Akebono plans to enhance investor relations activities. These efforts include increasing quarterly earnings presentations led by CEO Hiroshi Nagao and expanding online dissemination of information to improve transparency and long-term value. The company aims to achieve compliance by March 31, 2030, as per the special exemption granted by the Tokyo Stock Exchange.
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