TS TECH Co., Ltd. Provides Dividend Guidance for the Year Ending March 31, 2017; Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2017
January 31, 2017 at 08:30 pm IST
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TS TECH Co., Ltd. provided dividend guidance for the year ending March 31, 2017. For the year, the company expects to pay yearend dividend of JPY 35 per share compared to JPY 33 per share paid for the same period a year ago.
The company announced consolidated earnings results for the nine months ended December 31, 2016. For the nine months, the company reported revenue of JPY 311,073 million against JPY 342,759 million a year ago. Operating income was JPY 23,832 million against JPY 28,302 million a year ago. Income before tax was JPY 24,562 million against JPY 29,914 million a year ago. Net income was JPY 18,145 million against JPY 22,257 million a year ago. Income attributable to owners of parent was JPY 14,606 million against JPY 17,452 million a year ago. Basic earnings per share were JPY 214.80 against JPY 256.66 a year ago. Cash flows from operating activities were JPY 24,889 million against JPY 39,769 million a year ago. Purchase of property, plant and equipment was JPY 8,447 million against JPY 13,961 million a year ago. Purchase of intangible assets was JPY 1,753 million against JPY 1,919 million a year ago.
The company provided consolidated earnings guidance for the fiscal year ending March 31, 2017. For the fiscal year, the company expects to report revenue of JPY 405,000 million, operating income of JPY 33,000 million, income before tax of JPY 33,000 million, net income of JPY 23,400 million, income attributable to owners of parent of JPY 18,300 million, and basic earnings per share of JPY 269.13.
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. Provides Dividend Guidance for the Year Ending March 31, 2017; Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2017
TS TECH CO., LTD. 
