TBK Co., Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2018
February 12, 2018
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TBK Co., Ltd. revised consolidated earnings guidance for the fiscal year ending March 31, 2018. For the period, the company currently expects net sales of JPY 50,000 million from previous forecast of JPY 46,000 million, operating income of JPY 1,500 million from previous forecast of JPY 1,500 million, ordinary income of JPY 1,800 million from previous forecast of JPY 1,300 million, net income of JPY 1,000 million or JPY 34.10 per share from previous forecast of JPY 1,000 million or JPY 34.10 per share. In light of the recent trends in orders of the customers, the company anticipates net sales to exceed its previous forecast for the fiscal year ending March 31, 2018. The company also anticipates that ordinary income will exceed the previous forecast due to increase of the profit for equity-method investments. The forecast of net income remains unchanged due to the uncertainty of extraordinary gains and losses, and etc.
TBK Co., Ltd. is a Japan-based manufacturer of automobile parts. The brakes division manufactures and sells brakes, which are used in small-scale cars, large-scale trucks and buses, among others. The engine component and others division manufactures and sells lube oil pumps and water pumps, which are used for engine cooling purposes in small-scale cars, large-scale trucks and buses, among others.