ASAHI TEC CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of general formed and fabricated material parts, as well as equipment and facilities. The Company operates in three business segments. The General Formed and Fabricated Material Part-related segment offers general parts for automobiles and aluminum wheels. The Equipment and Facility-related segment supplies metal fittings for electrical power distribution and transmission used in electrical equipment, as well as environmental equipment. The Others segment is involved in the provision of social welfare services. The Company has 75 subsidiaries and three associated companies.
Quick Financial Synopsis
BRIEF: For the three months ended 30 June 2009, ASAHI TEC CORPORATION.'s revenues decreased 85% to Y10.79B. The Company's net loss applicable to common decreased 10% to Y1.13B. Revenues reflect lower sales from the general parts business due to unfavorable economic environment. Net loss is offset by decreased losses on disposal of fixed assets and interest expenses, as well as the presence of Y15M gains on reversal of directors' bonuses.