TACHI S : Notice Concerning the Differences Between the Non-Consolidated Financial Results for the Current Term and the Previous Term
May 15, 2023 at 03:18 am EDT
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To Whom It May Concern
May 15, 2023
Company name:
TACHI-S CO., LTD.
Representative:
Yuichiro Yamamoto, Representative Director,
President, CEO & COO
(Securities code
7239 TSE Prime)
Contact:
Atsushi Komatsu, Representative Director &
Executive Managing Officer
(TEL: 0428-33-1917)
Notice Concerning the Differences Between the Non-Consolidated Financial Results
for the Current Term and the Previous Term
TACHI-S provides notice as follows that differences have occurred between the non-consolidated financial results for the fiscal year ended March 31, 2023 and those for the previous fiscal year.
Details
Differences with the non-consolidated financial results for the previous term
Differences between the non-consolidated financial results for the fiscal year ended March 31, 2023 (April 1, 2022 to March 31, 2023) and the previous fiscal year
Net sales
Ordinary profit
Net profit
Net profit
per share
Million yen
Million yen
Million yen
Yen
Results for the previous term (A)
75,183
(5,888)
(2,852)
(83.34)
(Fiscal year ended March 31, 2022)
Results for the current term (B)
95,756
3,648
8,732
255.07
(Fiscal year ended March 31, 2023)
Change (B-A)
20,572
9,536
11,584
Rate of change (%)
27.4
-
-
(Reason for difference)
Net sales increased due to an increase in production volume and other factors. In addition to increased revenue, ordinary profit improved because we recorded an allowance for doubtful accounts for loans receivable from subsidiaries in the previous term and recorded a reversal of the allowance for doubtful accounts in the current term due to improvement in the financial condition of some subsidiaries. Net profit also improved from the previous term due to a gain on sale of non-current assets in association with the sale of real estate.
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TACHI-S Co. Ltd. published this content on 15 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2023 07:17:06 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. 
