JS Group to Raise Japan Sash Output Instead of Idled Thai Plant

JS Group Corporation’s president Yoshiaki Fujimori said at half year results press conference on Monday the firm increases the sash production at Japanese plants to supply Thai market when Thai plant has stopped the operation due to the flood. The firm would accept maximum 1,000 of Thai employees at Japanese plants. Mr. Fujimori said the firm revises the risk management and potential new plant would be other areas than Southeast Asia when the firm will build new plant.

The group’s TOSTEM Thai has stopped the sash making operation at the plant in Nava Nakorn industrial park in Pathumthani in mid-Thailand since October 18. Mr. Fujimori said the Thai plant had 2-3 months of inventory but the firm decided production increase at Japanese plants. He said the firm prepares for many of Thai employees to start work at Japanese plants by end of the year. The firm increases the sash production at sash plants including Takaoka and Tsuchiura plants.

The firm posted 15.277 billion yen of consolidated net profit for April-September, which was 89.1% higher than profit in same period of 2010. The firm posted 952 million yen of recurring loss compared with 16.024 billion yen of profit in same period of 2010. The operating profit decreased by 92.6% to 1.179 billion yen due to lower selling price. The firm revised the full year profit target downward to 40 billion yen of net profit for fiscal 2011 ending March 2012, which is 10% lower than former target and around 2.3 times of profit in fiscal 2010.