(ADPnews) - Apr 29, 2010 - JCR confirmed Wednesday its BBB rating with a "stable" outlook on the senior debts of Japanese automobile parts maker Futaba Industrial Co Ltd (TYO:7241).
Futaba Industrial supplies its products to Toyota Corp (TYO:7203) and group companies mainly.
It appears that the company's earnings jumped in the fiscal year ended March 31, 2010, compared with the previous fiscal year. Its earnings will continue to recover, given its successful efforts to improve its earnings structure.
The company's interest bearing liabilities are expected to decrease, as it intends to make …
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