AKEBONO BRAKE INDUSTRY CO., LTD.
7238・Prime Market・Transportation Equipment
Governance
As a company with an Audit and Supervisory Committee, the Board of Directors comprises 7 directors (4 of whom are outside directors), with a voluntary Nomination Advisory Committee and Compensation Advisory Committee established. The company has built a compliance and information security framework centered on the Internal Control Committee, and the Board of Directors met 16 times during the year (with full attendance).
Risk Management
The former Risk Management Committee was integrated into the Internal Control Committee, which periodically identifies risks, determines response policies for priority risks, and monitors the status of implementation. Each working group under the Sustainability Committee examines ESG risks and opportunities using a backcasting approach and reports to the Board of Directors.
Shareholder Returns
Dividends remain suspended in FY2026 (ending March 2026). No dividend is also forecast for FY2027 (ending March 2027). Both common shares and Class A shares will pay zero dividends. The company continues to prioritize strengthening its financial position and has not conducted any share buybacks.
Dividend Policy
The annual dividend for FY2026 (ending March 2026) is ¥0 for both common shares and Class A shares. The same ¥0 dividend is forecast for FY2027 (ending March 2027). While the earnings report does not provide detailed disclosure of a dividend policy, the company continues to suspend dividends under its policy of prioritizing the strengthening of its financial position. Note that 13,700 Class A shares remain outstanding (of the 20,000 shares issued in September 2019, 6,300 shares were retired in January 2025).
ESG
The company has identified and is addressing three materiality issues: providing safe and reliable products, realizing a company where everyone can thrive, and preventing global warming. It has set and disclosed specific targets, including a 50% reduction in Scope 1 and 2 CO2 emissions by 2030 (compared to FY2013), a target of 10% for the ratio of female managers (currently 5.9%), 100% achievement of male employees taking childcare leave, and certification as an Excellent Health Management Corporation for 9 consecutive years.
Last updated: June 23, 2026