Ohashi Technica reports higher Q2 net income, provides fiscal 2012 forecasts

Ohashi Technica Inc., a Japan-based automobile part manufacturing company, has reported a net income of JPY629 million, or JPY40.29 per share, for the second quarter ended September 30, 2012, compared to JPY303 million, or JPY19.44 per share, for the same quarter ended September 30, 2011. The company has also provided forecasts for fiscal 2012.

Net sales for the second quarter ended September 30, 2012 were JPY17.63 billion, compared to JPY14.76 billion for the same quarter ended September 30, 2011.

Operating income for the second quarter ended September 30, 2012 was JPY1.04 billion, compared to JPY631 million for the same quarter ended September 30, 2011.

Ordinary income for the second quarter ended September 30, 2012 was JPY1.01 billion, compared to JPY633 million for the same quarter ended September 30, 2011.

For fiscal 2012, the company forecasts net sales of JPY35 billion, operating income of JPY1.80 billion and net income of JPY1.05 billion.