Asahi Tec Corporation offers various components primarily for the construction and automobile industries. Its products include aluminum components, such as intake manifolds, transfer cases, rear arms, cross members, body frames and sub-frames, steering members, crutch housings, seatback frames, def mount brackets, and motorcycle parts; aluminum wheels; and ductile components, including hanger brackets, differential carriers, front hubs, support beams, port blocks, hydraulic cylinder heads, planet carriers, floating seals, boom posts, and axle assemblies. The company also offers electric power equipment products that comprise transmission and distribution line, and underground cable hardware ...
Founded in 1916
Asahi Tec Corporation(TSE:5606) dropped from Japan TOPIX Index
Aug 21 12
Asahi Tec Corporation will be removed from Japan TOPIX Index
Asahi Tec Corp. Announces Executive Changes, Effective from May 31, 2012
May 24 12
Asahi Tec Corp. has announced the appointment of Hiroaki Tanji to the position of vice president, representative executive officer and CFO. Mr. Tanji will succeed Masataka Matsumura, who will resign from the position of representative senior managing executive officer and CFO, effective as of May 31, 2012.
Asahi Tec Corp. Announces Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2012; Provides Earnings Guidance for the Second Quarter and Year Ending March 31, 2013
May 18 12
Asahi Tec Corp. announced consolidated and non-consolidated earnings results for the year ended March 31, 2012. For the period, on consolidated basis, the company reported net sales of JPY 80,848 million against JPY 73,022 million a year ago. Operating income was JPY 3,440 million against JPY 2,337 million a year ago. Income before income taxes and minority interests was JPY 1,353 million against JPY 224 million a year ago. Net income was JPY 1,319 million or JPY 1.71 basic per share against JPY 155 million or JPY 0.07 basic per share a year ago. Net cash provided by operating activities was JPY 6,652 million against JPY 5,037 million a year ago. Purchase of property, plant and equipment were JPY 4,434 million against JPY 2,201 million a year ago. Purchase of intangible assets was JPY 71 million against JPY 86 million a year ago. Return on Equity was 7.9% against 1.0% a year ago.
On non-consolidated basis, the company reported net sales of JPY 34,006 million against JPY 31,515 million a year ago. Operating income was JPY 1,500 million against JPY 1,428 million a year ago. Income before income taxes and minority interests was JPY 1,353 million against JPY 224 million a year ago. Net loss was JPY 276 million or JPY 0.56 basic per share against JPY 318 million or JPY 0.40 basic per share a year ago.
The company provided earnings guidance for the second quarter and year ending March 31, 2013. For the second quarter, the company expects net sales of JPY 41,400 million, operating income of JPY 1,450 million and net income of JPY 650 million or JPY 0.82 basic per share.
For the year, the company expects net sales of JPY 84,000 million, operating income of JPY 3,300 million and net income of JPY 1,900 million or JPY 2.43 basic per share.