Akebono Brake Industry Co. (7238) said on Sept. 28 it has completed the partial sale of its Chinese subsidiary Guangzhou Shuguang Brake and a related third-party share allotment, a deal expected to yield an extraordinary gain of ¥300 million on a consolidated basis and ¥1.0 billion on a non-consolidated basis in the fiscal year ending March 2027.
The company announced on April 17, 2026, that it would transfer part of its equity in Guangzhou Shuguang Brake Co., Ltd., its consolidated subsidiary in China, to joint-venture partner Fushihe Machinery Industry (Kunshan) Co., Ltd., and that the subsidiary would issue new equity to Kunshan Hezhun Testing Co., Ltd. through a third-party allotment.
Registration of the equity transfer was completed on July 2, the third-party allotment was carried out on Sept. 21, and settlement of the transfer was completed on Sept. 25, concluding the transaction.
| Item | Detail |
|---|---|
| Transfer registration | July 2, 2026 |
| Third-party allotment | Sept. 21, 2026 |
| Transfer settlement | Sept. 25, 2026 |
| Consolidated extraordinary gain (est.) | ¥300 million |
| Non-consolidated extraordinary gain (est.) | ¥1.0 billion |
Reiterating the estimate in its April 17 disclosure, Akebono said it expects to book a gain on the sale of investments in affiliates, recorded as an extraordinary gain, of ¥300 million in consolidated results and ¥1.0 billion in non-consolidated results for the fiscal year ending March 2027.
With the deal complete, Guangzhou Shuguang will be reclassified from a consolidated subsidiary to an equity-method affiliate as of the end of the second quarter of the fiscal year ending March 2027. The company said the timing of the reclassification is expected to have only a minor impact on its full-year consolidated earnings forecast.
Next steps: Guangzhou Shuguang is scheduled to become an equity-method affiliate at the end of the fiscal second quarter, and the extraordinary gains are to be reflected in consolidated and non-consolidated results for the fiscal year ending March 2027.
| Hikari Tsushin, Inc. | |
| Offer price | ¥1,000 per common share |
| M&A / TOB | 1 |
| Guidance | 0 |
| Buybacks | 0 |
| Dividends | 0 |
| Capital | 0 |
| Earnings | 0 |
| People | 0 |
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