Tsubakimoto Expects Record Auto-Parts Sales on Carmakers Rebound

Tsubakimoto Chain Co. (6371), a supplier of power-transmission equipment to Toyota Motor Corp. (7203), expects record fiscal 2012 sales from its automotive-parts division as carmakers recover from the record earthquake in Japan last year.

Sales at the division may reach 50 billion yen ($651 million) in the 12 months ending March 2013, Toru Fujiwara, who heads the unit, said in an interview in Osaka. The company forecasts auto-component sales of 43 billion yen for the 2011 fiscal year.

Profit at Osaka-based Tsubakimoto fell in the six months ended September, after Japanese automakers suspended production following the earthquake and tsunami last March that caused a shortage of parts and electricity.

Auto-component orders from Thailand may gain 50 percent, while those from China may rise about 20 percent in the 2012 fiscal year, Fujiwara said yesterday.

Tsubakimoto rose 3.5 percent to 417 yen as of 11:10 a.m. in Tokyo trading, beating the 1.1 percent gain for the Nikkei 225 Stock Average.

To contact the reporters on this story: Masatsugu Horie in Osaka at mhorie3@bloomberg.net; Anna Mukai in Tokyo at amukai1@bloomberg.net

To contact the editor responsible for this story: Young-Sam Cho at ycho2@bloomberg.net

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