NHK Spring's Q1FY2012-13 net profit more than doubles to USD69m
Another Japanese supplier Ichikoh swings to black on strong recovery in vehicle production by automakers in Japan after last year's twin disaster
Japanese auto suspension and spring manufacturer NHK Spring said in a regulatory filing that its net profit for the first quarter ended 30 June 2012 more than doubled year-on-year (y/y) to JPY5.4bn (USD69m) as operating profit almost tripled y/y to JPY8.4bn (USD105.7m) on sales of JPY126.6bn (USD1.6bn), up 34% y/y.
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