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    Japanese Textile Trade Enterprises Have Compressed Investment Scale

    2009/3/24 0:00:00 37

    Recently, Japanese textile trading enterprises (textile professional firms) generally had the trend of reducing investment scale. Some enterprises that originally planned to launch medium term development plan in 2009 chose to postpone or even abandon planning.

    Under the influence of global economic recession, the opacity of textile trade has increased rapidly.

    In addition, there are not many enterprises that fail to achieve the medium-term planning as of the 2008.

    Analysis of the industry, textile trade enterprises may cancel the medium-term plan, choose the annual plan, adopt "unhurried" attitude to control investment scale, strengthen financial foundation.

    Fuji Chino, general manager of Tamura Ko, thinks that "there are no conditions for looking forward to the next 3 years". Therefore, it is decided to abandon the medium-term plan and choose the annual plan.

    In the mid-term plan as of March 2009, Tamura Ko put forward the goal of "110 billion yen in sales and 2 billion 200 million yen in sales profits".

    Nevertheless, Tamura Ko's sales profit in 2008 is still expected to reach 4 billion 700 million yen, 400 million yen more than the original plan, mainly due to the rapid development of OEM business and the structural adjustment of home textile products.

    According to the briefing, Tamura Ko will invest in the construction of factories in the future and focus on the areas of "professionalism and comparative advantage".

    Influenced by the adjustment plan of the automobile industry, the high-tech resin and LCD business of coke Li Trading Company has been badly hit.

    The company has abandoned the medium-term target of "2008 sales income of 140 billion yen" and lowered its operational indicators.

    At present, coke Li has decided to withdraw from Burma's uniform OEM business and focus its investment on China.

    At the same time, the company also decided to focus on sports clothing, uniforms and other advantages, and increase the development and sales of environment-friendly materials.

    In April 1st this year, coke Li Trading Company plans to set up a "new business development room for the future" to actively explore new businesses.

    Editor in chief: Xu Qiyun

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