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.
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