Japanese JPF's Financial Deficit is Expected to Decrease

So far this year JPF (Japan Power Fastening), a public listed fastener company, is suffering a difficult time for the sales of construction screws and its China subsidiary's sales of automotive fasteners. Depreciated yens has led to deteriorating profit in material import and eventually resulted in financial deficit. However, in 2016 the company will reflect the rising cost onto its product price and this is expected to decrease the margin of deficit.

Since mid-2015, the company has moved its household hardware products from from the China subsidiary back to Japan. Therefore, the company's production in China will decrease by half.