Progress of the Medium-Term Management Plan (TVE*)
Shareholder Return
Topics
※Transformative Value Evolution
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2Q results (consolidated)
Compared to last term
Unit: billion yen (Rounded down to 0.1 billion yen)
21/09
22/09
Change
Change (%)
Sales
95.4
107.9
12.5
13.1
Operating profit
-5.6
-4.3
1.3
-
Ordinary profit or loss
-4.6
-3.9
0.7
-
Quarterly profit or
-4.7
0.1
4.8
-
loss attributable to owners of parent
< Overview of financial results for period to September 2022 >
Although sales volume decreased due to model switching in China in addition to the impacts of the global semiconductor supply shortage and the lockdown in Shanghai, sales increased compared to the same period last year under the impact of foreign currency translation due to the depreciation of the yen.
Despite the impact of reduced production by customers and the soaring prices of raw materials, operating loss decreased compared to the same period last year due mainly to the effects of cost reductions and rationalization in Central and South America, in addition to the decrease in one-off expenses in the previous fiscal year in North America.
Quarterly net income returned to the black due to the sale of fixed assets as part of the reorganization of plants and offices based on the medium-term management plan.
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Factors in the changes in results (consolidated)
Sales
(Rounded down to 0.1 billion yen)
Compared to last term
Unit: billion yen
107.9
Region
Change
Rate of change
95.4
42.5
Japan
7.9
23.1%
21.1
North America
2.4
12.8%
28.6
Central and
4.9
20.7%
South America
0.1
Europe
-0.2
-69.0%
14.6
China
-2.3
-13.9%
0.8
Southeast Asia
-0.1
-16.6%
21/09
22/09
Exchange
21/09 USD=¥109.90
RMB=¥16.55
rate
22/09 USD=¥131.56
RMB=¥18.75
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TACHI-S Co. Ltd. published this content on 25 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 November 2022 03:13:09 UTC.
TACHI-S CO., LTD. is a Japan-based company mainly engaged in the manufacturing and sales of automotive seats and related parts. The Company operates through six business segments. It is engaged in the manufacturing and sales of seats for vehicles, including passenger cars, trucks and buses. It is also engages in the manufacturing and sales of other parts, such as steering components and vehicle body mechanism components. It is also engaged in the rental of commerce facilities.
TACHI-S CO., LTD. 
