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Latest Update : Dec.14, 2018
Back to Financial Results (FY3/2019)
Investor Meeting Presentation for 2Q of FY3/2019 held on November 7, 2018
Earlier I mentioned that we are extremely risk resistant with my point being that Trump's tariffs have driven many US companies to adopt the China plus one strategy. Until now we would have to sit idly by as Chinese manufacturers with their low-priced bearings, etc., got all the business thrown their way, but now that a 25% tariff has been imposed on exports to the U.S., we are getting the orders instead. The same goes for businesses other than bearings. Customers who couldn't be bothered with our Cambodian operations, no matter how hard we tried to earn their business, are now suddenly coming to us, wanting to see our Cambodian plant. If this trend continues, more and more customers will move their manufacturing operations to Cambodia or ask their suppliers to move their operations to Cambodia. That's why I tell our employees "adversity breeds opportunity."
21page (total 35pages)
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