Tein, Inc. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2020
February 12, 2021 at 07:00 am
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Tein, Inc. announced consolidated earnings results for the nine months ended December 31, 2020. For the period, the company reported net sales of JPY 3,569 million compared to JPY 3,236 million a year ago. Operating profit was JPY 794 million compared to JPY 389 million a year ago. Profit attributable to owners of parent was JPY 574 million or JPY 110.55 per basic share compared to JPY 389 million or JPY 57.42 per basic share 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. 
