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Akebono Brake Industry Reports ¥138 Million Half-Year Profit

Akebono Brake Industry Co. Ltd. reported net profit of ¥138.00 million for the six months ended September 30, compared with a loss of ¥788.00 million a year earlier, under Japanese accounting standards.

Akebono Brake Industry Reports ¥138 Million Half-Year Profit

Revenue fell to ¥75.78 billion from ¥78.94 billion. Operating profit rose to ¥2.61 billion from ¥2.30 billion, while pretax profit increased to ¥1.91 billion from ¥744.00 million.

Earnings per share were ¥0.51, against a loss of ¥2.90 in the prior-year period. Diluted earnings per share were ¥0.26; no comparable figure was reported for the previous year.

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