Tein, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 2021
February 12, 2021 at 07:00 am
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Tein, Inc. provided consolidated earnings guidance for the fiscal year ending March 2021. For the year, the company expects net sales of JPY 4,574 million, operating profit of JPY 771 million and profit attributable to owners of parent of JPY 614 million or JPY 118.35 per basic share.
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.