Akebono Brake Industry Co., Ltd.
-The Company is Japan's largest brake manufacturer. It is an independently operated company. According to the Company’s sources, it has a 47% share of the factory-installed automobile disk-brake-pad market in Japan.
-On January 29, 2019, the Company filed for a business-revitalization ADR, which was accepted. The reorganization initiatives and plans by region are provided below.
-The Company will be enhancing productivity, rationalizing operations, cutting expenses and costs, closing and downsizing production plants, improving unprofitable products, and drastically reorganizing and revamping the processes for approving expense items such as capital expenses, R&D expenses, two-generation loans, etc.
-Early-retirement plan is already in place for indirection functions at the home office.
-Initially, Akebono Brake Sanyo Manufacturing Co., Ltd. was to be gradually be downsized and closed and Akebono Brake Fukushima Manufacturing Co., Ltd. was to be gradually downsized; however, the Company changed the plan and will just downsize four production plants in Japan and will continue on this path going forward.
-The Company plans to downsize its operations and close plants. In addition, the Company will strictly follow approval processes for managing finances and continue working to cut costs.
-In addition to lower sales, the Company decided to close two plants, one in Tennessee and one in South Carolina. In line with this, it is negotiating to revise forward production to fill orders before the closures. The Clarksville Plant in Tennessee is on schedule to close in August and the Columbia Plant in South Carolina is on schedule to close in September 2020.
-The Company is planning to reorganize its business segments and business locations. The Company is planning to either sell the Arras Plant in France and the Slovakian plant or form partnerships in a way so as not to generate a loss. If this cannot be achieved, the Company will stop accepting new orders, making capital investments, and conducting R&D activities while continuing to produce existing products until production operations cease and the plants close. In addition, due to the coronavirus pandemic, negotiations to sell or form partnerships had temporarily stopped, but have started again.
|-Listed on the first section of the Tokyo Stock Exchange.||(As of Jun. 19, 2020)|
|Name or Company Name||Investment Ratio (%)|
|Toyota Motor Corp.||11.59|
|Isuzu Motors Ltd.||9.06|
|The Master Trust Bank of Japan ,Ltd. (trust account)||3.18|
|Aisin Seiki Co., Ltd.||2.34|
|Akebono Brake SEIWAKON Employee's Shareholding Association||1.69|
|Japan Trustee Services Bank, Ltd. (trust account 5)||1.68|
|BNYM SA/NV FOR BNYM FOR BNYM
GCM CLIENT ACCTS M ILM FE
|Marubeni-Itochu Steel Inc.||1.49|
|Secom Co., Ltd.||1.49|
- Opposed piston type
- Floating caliper type
-Friction material for disc brakes
- Disc brake pads
- Leading/Trailing shoe type
- Two leading shoe type
- Duo-servo type
-Friction material for drum brakes
- Drum brake linings
-Acceleration sensors; stand-alone type
-Angular rate sensors
|1929||Established Akebono Asbestos (Silicate Cotton) Kogyosyo. Began manufacturing of woven linings and clutch facings|
|1936||Reorganized as Akebono Asbestos (Silicate Cotton) Industry Co., Ltd.|
|1940||Established and started operations at the Hanyu Factory.|
|1944||Renamed Akebono Weapon Industry Co., Ltd.|
|1945||Renamed Akebono Asbestos (Silicate Cotton) Industry Co., Ltd.|
|1946||Renamed Akebono Industry Co., Ltd.|
|1951||Completed the Akebono-type brake lining friction testing device.|
|1952||Began manufacturing anti-friction resin for railcars.|
|1954||Established a plant within the Hanyu Factory to manufacture clutch facings.|
|1957||Began manufacturing brake shoe assemblies in the Itabashi Factory.|
|1960||Renamed Akebono Brake Industry Co., Ltd. Entered into a brake-related technical assistance agreement with Bendix USA.|
|1961||Entered into a lining-related technical assistance agreement with Bendix USA. Listed on the Second Section of Tokyo Stock Exchange.|
|1971||Set up and began operations at the Fukushima Factory.
Completed building the Akebono Headquarters Building in Nihonbashi, Tokyo.
|1980||Established Akebono America Inc. in Chicago as an overseas affiliated company.|
|1983||Listed on the First Section of Tokyo Stock Exchange.
Renamed as the Akebono Brake Central Technology Research Center Co., Ltd.
|2000||Bridgestone acquired a 3% share in the Company. With Kayaba Industry Co., Ltd., the three companies will cooperate in the development of modular systems for automotive suspension components.|
|2000||Established a sales company in October 2000 to sell brake friction materials for use in maintenance via the Internet. Full-scale Internet sales will enable an early increase in sales of brake friction materials used in maintenance.|
|2001||Established Akebono Brake Fukushima Manufacturing Co., Ltd.
Established Akebono Brake Miharu Manufacturing Co., Ltd. (currently an affiliate)
Established Akebono Management Service Co., Ltd. (currently an affiliate)
Established new premises called Akebono Crystal Wing in Hanyu, Saitama Prefecture.
|2002||Established Akebono Brake Iwatsuki Manufacturing Co., Ltd. (currently an affiliate)|
|2001||Established Akebono Brake Fukushima Manufacturing Co., Ltd.
Established Akebono Brake Miharu Manufacturing Co., Ltd.
Akebono Member Corporation North America) in Michigan, USA a subsidiary of Akebono Corporation)
Established AMTEC Brake LLC in Kentucky, USA a subsidiary of Akebono Corporation)
Established ARC Brake LLC in Kentucky, USA a subsidiary of Akebono Corporation)
|2002||Established Akebono Brake Iwatsuki Manufacturing Co., Ltd.|
|2003||Established Akebono Corporation Asia PTE Ltd. in Singapore., Akebono Brake Tatebayashi Manufacturing Co., Ltd., Akebono 123 Co., Ltd. (currently a consolidated subsidiary) and the US incorporated company Akebono Receivable corporation PTE. LTD. (a subsidiary of Akebono Corporation, Michigan) (currently consolidated subsidiary).|
|2004||Established a Germany-based company, Akebono Europe GmbH (a subsidiary of Akebono Europe S.A.S., Hessen) (currently a consolidated subsidiary), a China-based company, Akebono Corporation (Guangzhou) (currently a consolidated subsidiary) and another China-based company Akebono Corporation (Suzhou) (currently a consolidated subsidiary).|
|2005||Established Akebono Brake Hanyu Manufacturing Co., Ltd. (currently a consolidated subsidiary) and APS Corp. (currently a consolidated subsidiary). Absorbing Sanyo Hydraulic Industries Co., Ltd., Sanyo Brake Industry Co., Ltd. has become Akebono Brake Sanyo Manufacturing Co., Ltd. (currently a consolidated subsidiary).|
|2006||Absorbed Akebono Brake Engineering Co., Ltd.
Akebono Brake Fukushima Manufacturing Co., Ltd. absorbed Akebono Brake Tatebayashi Co., Ltd.
Established Akebono Brake (Thailand) Co., Ltd., which is currently a consolidated company.
Established Akebono Advanced Engineering Ltd., which is now a consolidated company.
|2007||Established Akebono Brake Europe N.V., a subsidiary in Belgium (currently a consolidated subsidiary); and a casting foundry in Tatebayashi City, Gunma Prefecture, Japan. Akebono Arras S.A.S was absorbed by Akebono Europe S.A.S. and ceased operations.|
|2008||Started operations at the Tatebayashi Foundry.|
|2009||Received transfer of part of brake operations from Robert Bosch L.L.C, U.S. corporation of Robert Bosch GmbH, and established ABMA LLC, a current consolidated subsidiary located in Elizabeth, Kentucky.|
|2010||Renameed its Indonesian local subsidiary to P.T. Akebono Brake Astra Indonesia, which is a consolidated subsidiary, from PT. Tri Dharma Wisesa.|
|2012||Established Akebono Brake Mexico S.A. de C.V., which is currently a consolidated subsidiary.|
|2013||Established Akebono Engineering Center, Europe S.A.S., which is currently a consolidated subsidiary.|
|2014||Established Akebono Advanced Engineering Co., Ltd., which is currently a consolidated subsidiary.
Established Akebono Brake Slovakia s.r.o., which is currently a consolidated subsidiary.
Established A&M Casting (Thailand) Co., Ltd., which is currently a consolidated subsidiary.
|2016, April||Absorbed three wholly owned subsidiaries (Akebono Brake Industrial Machinery & Rolling Stock Component Sales Co.; APS Corporation; and Akebono Sensor Technology Co.) becoming the surviving company.|
|2017||Acquired all the outstanding shares in Akebono Europe S.A.S. and all the equity in Akebono Brake s.r.o from Akebono Brake Europe N.V.|
Supplemental Information 1
>>>FY ended Mar. 31, 2008 Business report
>>>FY ended Mar. 31, 2009 Business report
>>>FY ended Mar. 31, 2010 Business report
>>>FY ended Mar. 31, 2011 Business report
>>>FY ended Mar. 31, 2012 Business report
>>>FY ended Mar. 31, 2013 Business report
>>>FY ended Mar. 31, 2014 Business report
>>>FY ended Mar. 31, 2015 Business report
>>>FY ended Mar. 31, 2016 Business report
>>>FY ended Mar. 31, 2017 Business report
>>>FY ended Mar. 31, 2018 Business report
>>>FY ended Mar. 31, 2019 Business report
Archives of Past Exhibits
Note: A figure in brackets ( ) indicates a loss