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Japan Power Fastening Faces Severe Business Environment
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2016-09-01

The number of building construction is lower than expected, and therefore the sales growth of construction screws comes to a halt and leads to reduced income. The company re-evaluated unbalanced transactions and personnel expense, therefore gaining profits in business. The appreciation of Japanese yen leads to financial loss of overseas subsidiaries due to the exchange rate, and eventually has caused deficit.

 

 
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