Tachi-S nine months net income drop 73.6% y/y to USD12.1 million
Japanese supplier revises full-year FY2018/19 financial outlook
Seating supplier Tachi-S has reported 73.6% year-over-year (y/y) decline in net income to JPY1.34 billion (USD12.1 million) for the nine months ended 31 December 2018, according to the company’s press release on 8 February. Net sales increased 5.5% y/y to JPY224.9 billion. Higher sales led the Japanese supplier to record 43.5% y/y growth in operating income to JPY4.56 billion.