Akebono Brake Industry Co., Ltd.

Company Profile

■URL

https://www.akebono-brake.com/english/index.html

■Address

19-5 Nihonbashi Koami-cho, Chuo-ku, Tokyo 103-8534, Japan

Business Overview

-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.

<Japan>

-The Company reduced some operations at production plants in Japan, and undertook improvement initiatives to optimize production operations at those plants. The pace of activities to migrate production from Japan by working in tandem with OEMs was a little slower than planned, while the pace to migrate production among production plants in Japan was basically on schedule.

-In working to optimize the work force in line with reorganizing production operations in Japan, the Company offered an early-retirement plan.


<North America>

-The Company closed two production plants in the USA. The closure of the production plant in Tennessee was completed one month earlier than scheduled, at the end of July 2020. The South Carolina plant closure was completed as scheduled, at the end of September 2020. In addition, the selloff of some of the plants’ land and buildings was completed in FY 2021.


<Europe>

-The Company was in negotiations either to form alliances in regard to its production plants and R&D facilities in Europe, or to sell them off, being careful to not incur any losses doing so. However, the following outlines the changes that occurred with respect to the Company’s plans.

-The production plant in Slovakia manufacturing high-performance brakes achieved a profit and had the strong possibility of receiving more new orders for products. As a result, the Company forecast that the plant’s profit would surpass the amount planned to be obtained under the reorganization plan, so decided to keep it running. In addition, the business in Germany served as a customer-contact point and R&D function, contributing to the Company’s winning new orders for products. The German operations were indispensable to keep the Slovakia plant running successfully, so the Company decided not to close the business in Germany.

-The Company wasn’t able to forge an alliance for or sell off the Arras production plant in France as planned. As a result, it will close the plant in March 2022, after the production of existing products comes to an end. The R&D facility in Gonesse, France was closed at the end of March 2021.

Shareholders

-Listed on the first section of the Tokyo Stock Exchange. (As of Jun. 19, 2021)
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) 3.05
Aisin Seiki Co., Ltd. 2.34
Akebono Brake SEIWAKON Employee's Shareholding Association 1.82
Private shareholders 1.72
Marubeni-Itochu Steel Inc. 1.49
Secom Co., Ltd. 1.49
Suzuki Motor Corporation 1.31
Mizuho Bank, Ltd. 1.30
Total 35.22

Products

Brakes
-Disc brakes

  • Opposed piston type
  • Floating caliper type

-Friction material for disc brakes

  • Disc brake pads

-Drum brakes

  • Leading/Trailing shoe type
  • Two leading shoe type
  • Duo-servo type

-Friction material for drum brakes

  • Drum brake linings

-Corner modules

Sensors
-Acceleration sensors
-Acceleration sensors; stand-alone type
-Angular rate sensors
-Sensor clusters

History

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 Established AkebonoTech.
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.
2019 Established Akebono Cooperation (Thailand) Co., Ltd. (currently a consolidated subsidiary).

Supplemental Information 1