Feb 20 (Reuters) - TS Tech Co Ltd <7313.T>:Says it appoints Michio Inoue as chairman of the board and Masanari Yasuda as president, effective late June .
TS TECH Co Ltd <7313.T> : Says it plans to recall a kind of products which using the components manufactured by American Honda Motor Co Inc .The recall due to concern of failure to be fixed for the second row seats.
TS TECH CO LTD:To apply International Financial Reporting Standards (IFRS) as the new accounting method, to replace the current Japan-Generally Accepted Accounting Principles.IFRS effective from the annual report for fiscal year ending April 2016.
TS TECH CO LTD:To establish a new wholly owned subsidiary, TS TECH BANGLADESH LIMITED, which will be engaged in the manufacturing, sales, import and export of sheet and interior components for automobile use in Bangladesh.TS TECH BANGLADESH LIMITED will be capitalized at 0.26 billion Bangladeshi Taka in all.Effective date Nov. 2015.
TS TECH CO LTD:To issue a year-end dividend of 30 yen per share to all the shareholders for the fiscal year ended March 31, 2015.Payment date June 24.Says the dividend amount is in line with the latest forecast disclosed on April 28.
TS TECH CO LTD:Says the company lowered the consolidated full-year outlook for revenue to 433,000 million yen from 438,000 million yen for FY ending March 2015.Sees a decrease of operating profit forecast to 35,000 million yen from 37,500 million yen.Sees a decrease of ordinary profit forecast to 38,500 million yen from 40,000 million yen.Sees a decrease of net profit forecast to 21,900 million yen from 22,700 million yen.Sees a decrease of earnings per share to 322.07 yen from 333.83 yen.FY 2015 revenues of 442.78 billion yen, net income of 22.58 billion yen – Thomson Reuters I/B/E/S.Comments the decreased orders and depreciation of the yen are the main reasons for the forecast.
TS TECH CO LTD:Says U.S-based company Lear Corporation and U.S-based subsidiaries of the company have agreed on withdrawal of a lawsuit, which was filed by Lear against the subsidiaries for patent infringement.Litigation terminated on Aug. 29 (Local time).
TS TECH CO LTD:To pay year-end dividend of 30 yen per share, in line with latest dividend forecast, for fiscal year 2014.Record date March 31 and effective date June 25.
TS TECH CO LTD:Subsidiary TS TECH DO BRASIL LTDA to establish a wholly owned subsidiary named TS Trim Brasil S/A, based in Brasil in May.New subsidiary to be engaged in manufacture and sale of automobile sheet.New subsidiary to be capitalized at 22,068,000 real, or about one billion yen.
TS TECH CO LTD:Sees year-end dividend forecast of 30 yen per share raised from 24 yen per share, for the FY ended March 2014.