Tachi-S reports USD11.7 million net loss for Q1
Japanese supplier reduces first half guidance; makes no change in full-year outlook
Automotive seating supplier Tachi-S has reported net loss of JPY1.26 billion (USD11.7 million) in the first quarter ended 30 June 2019 compared to net profit of JPY1.56 billion (USD14.1 million) a year earlier, the company said in a press release. The company also recorded operating loss of JPY1.23 billion against operating profit of JPY2.3 billion in the first quarter of FY2018/19.
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