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JAPIA: Predicts the Revenue Declines in The Next Fiscal Year (Oct. 2010~Mar.2011)

2010-12-08

Influenced by Yuan increase in value and Japanese government plans to abolish subsidies for environmentally-friendly vehicle consumption, Japanese auto part manufacturers’ revenue will substantially decline in the next fiscal year (Oct. 2010~Mar.2011). According to JAPIA (Japan Auto Parts Industries Association), there are 83 auto part suppliers predict that the total sales amount will merely reach JPY$9.2 trillion in 3 months, the same year ratio drops 3.5%, the total operating profit reaches JPY$448.5 billion , the same year ratio declines 27.8%.