Okamura's competitive edge to keep growing
The fifth world player aims to strenght domestic and overseas business development with its â€œCreative Officeâ€ philosophy, offering high value-added products and taking advantage of a profitable â€œon demandâ€ production system. During 2009 almost all businesses worldwide will turn for the worse and Okamura, leading player in the Japanese market for office furniture, is placing a greater emphasis on enhancing competitiveness. With an expected 10% reduction of the turnover for the year ending March 2009 (market climate deteriorated rapidly since October 2008), net income will go down by around 50%, although even not bad in comparison with the office furniture sector as a whole. Turnover of the year 2010 (March) is expected to go down slightly from remaining unchanged, due to continuing adverse market condition. However, profit is expected to increase, due to costreduction of sales administrative expenditure or main materials. Office furniture accounts for just 60% of Okamuraâ€™s turnover and a slightly higher percentace from the point of view of revenue. The company is also active in the sectors of store displays and material handling systems.
Volume (Year): (2009)
Issue (Month): (June)
|Note:||Abstract from World Furniture, International Markets Review|
|Contact details of provider:|| Postal: |
Phone: + 39 02 796630
Fax: + 39 02 780703
Web page: http://www.csilmilano.com/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:mst:csilar:wf42p29. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Marinella Manghina)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.