AKEBONO REPORT 2017

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2PARTReview of Operations2013-2015aNF30-2013 Midterm Business PlanBuilding a foundation for achieving Global 30• Technology differentiation• Drastic cost reductions• Acceleration of globalization in Japan, North America, Europe and AsiaLong-term Goals• Achieve Global 30Fiscal 2020 Goals• Operating prot of 10%By introducing product-based business units and deploying them globally, we aim to take on new elds and rebuild our management foundationsFuture VisionGlobal 302016-2018New aNF30-2016 Midterm Business PlanTargets (Billions of yen)aNF30-2016FY2016 ActualFY2017FY2018Net salesOperating protProt (loss) attributableto owners of parentEquity ratio12.4%13.3%16.6%Net D/E ratio4.14.02.9Free cash ow(1.7)3.03.5aNF30-2016 Fundamental StrategiesShift priority from achieving sales targets to sustainable growth1 Rebuilding North American operations2 Establishing global networks based on product-based business units3 Expanding high performance brake business and recreating European operationsReturn to a sound nancial condition266.1250.6255.04.28.010.00.43.05.0Progress of akebono New Frontier 30 - 2016Akebono has established a midterm business plan, “akebono New Frontier 30 – 2016 (aNF30-2016)” ending in scal 2018. Goals of the midterm plan include 1 rebuilding North American operations, 2 establishing global networks based on product-based business units, and 3 expanding high performance brake business and recreating European operations. By achieving these goals, Akebono aims to return to a sound nancial condition and facilitate sustainable growth.21 AKEBONO REPORT 2017