Tein, Inc. Announces Consolidated Earnings Results for the First Quarter Ended June 2020
August 07, 2020 at 08:00 am
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Tein, Inc. announced consolidated earnings results for the first quarter ended June 2020. For the period, the company reported net sales of JPY 1,190 million against JPY 1,220 million a year ago. Operating profit was JPY 241 million against JPY 189 million a year ago. Profit attributable to owners of the parent was JPY 205 million against JPY 117 million a year ago. Basic net income per share was JPY 39.62 against JPY 22.58 a year ago.
TEIN, INC. is a Japan-based company primarily engaged in the development, manufacture and sale of automotive suspension products. The Company is engaged in the provision of genuine shape shock absorbers, shock absorbers for the street, shock absorbers for sports, electric damping force controllers, low-down springs, shock absorbers and springs for competition, standardized springs, made-to-order products and automatic piston rod inspection machines, as well as other products such as TEIN polyurethane bushes, reinforced tie rods, toe control arms, pillow ball upper mounts, bonnet dampers, repair parts and motorsport tents. The Company operates within the domestic market and to overseas markets, including North America, Europe, China and Thailand.
TEIN, INC. 
