TS TECH Co., Ltd. Reports Consolidated Earnings Results for the Second Quarter Ended September 30, 2013; Provides Earnings Guidance for the Full Year Ending March 31, 2014
October 29, 2013
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TS TECH Co., Ltd. reported consolidated earnings results for the second quarter ended September 30, 2013. For the quarter, the company reported operating income of ¥20,485 million, income before income taxes of ¥21,609 million, net income of ¥12,738 million on net sales of ¥216,037 million against operating income of ¥10,995 million, income before income taxes of ¥11,163 million, net income of ¥7,019 million on net sales of ¥179,035 million for the same period a year ago. Net cash provided by operating activities of ¥22,534 million against ¥10,972 million for the same period a year ago. Purchase of property, plant and equipment of ¥9,495 million against ¥4,110 million for the same period a year ago.
The company provides earnings guidance for the full year ending March 31, 2014. For the full year, the company expects operating income of ¥34,500 million, net income of ¥21,000 million or ¥308.82 per share on net sales of ¥441,000 million.
TS TECH CO., LTD. is a Japan-based company mainly engaged in manufacture and sale of two-wheel vehicle seats and interior components. The Company operates in four segments. The Japan segment is engaged in the manufacture and sale of two-wheel vehicle seats and resin parts, four-wheel vehicle seats and interior components. The Americas segment is engaged in the manufacture and sale of two-wheel vehicle seats and resin parts, four-wheel vehicle seats and interior components. The China segment is engaged in the manufacture and sale of four-wheel vehicle seats and interior components. The Asia and Europe segment is engaged in the manufacture and sale of two-wheel vehicle seats and resin parts, four-wheel seats and interior components.
TS TECH Co., Ltd. Reports Consolidated Earnings Results for the Second Quarter Ended September 30, 2013; Provides Earnings Guidance for the Full Year Ending March 31, 2014