Akebono Brake Industry reports USD164.7 million net loss for FY 2018/19

Sales down 8% y/y

Akebono Brake Industry has reported a net loss of JPY18.2 billion (USD164.7 million) for the fiscal year ended 31 March 2019 compared with a net profit of JPY782 million in the previous year, the company announced in a press release on 13 May

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