Futaba Targets 17.5 Billion Yen Operating Profit in Fiscal 2013

Futaba Industrial Co., an affiliate of Toyota Motor Corp. (7203), set an operating profit target of 17.5 billion yen ($218 million) and a sales target of 420 billion yen for the year ending March 2014, according to a mid-term business plan released to the Tokyo Stock Exchange today.

Toyota Motor holds 12.26 percent of Futaba, according to Bloomberg data.

To contact the reporter on this story: Go Onomitsu in Tokyo at gonomitsu@bloomberg.net

To contact the editor responsible for this story: Gearoid Reidy at greidy1@bloomberg.net

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