Akebono Brake reports USD173 million net loss for FY 2015/16
Expects net income of JPY200 million in FY 2016/17
Akebono Brake has reported a net loss of JPY19.5 billion (USD173 million, 31 March 2016) for the financial year ended 31 March 2016, compared with a net loss of JPY6 billion (USD50.9 million, 31 March 2015) in the previous year, says a company press release.
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