Japanese Fastener Distributors' Income & Profit Increase

Japan Fastener Business Federation of Cooperatives released the 38th fastener distributor business investigation report. In terms of sales, annual revenue reaches JPY 282 billion 975.17 million. Average revenue per distributor lands at JPY 1.38713 billion, based on which the estimated total annual revenue will be JPY 504 billion 84.8 million. The average revenue per distributor rises 7.5% from the previous period. Gross margin ratio remains flat at 28%. Ordinary profit up 0.9 percentage points to arrive at 5.8%. Overall, income and profit have both increased.