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Kawai Instruments Manufacturing in Japan has announced the year 2008 the state

June 26, Japan Kawai Musical Instruments Manufacturing held 85th meeting of shareholders, announced this fiscal year (2008 4 1st – March 31, 2009) the company reports and financial condition.
Report, 2008, from U.S. financial crisis quickly spread to the real economy, appreciation Quick yen, the domestic employment situation and the rapid deterioration of social spending, the economy is greatly affected. Kawai deterioration economy in the context of the application of national and international market, the Chinese market last year, the demand on the piano there is "return".
The Company had total assets of ¥ 36978000000, with year on year reduction of ¥ 4044000000, 8420000000 debt, and last year an increase of 237 million yen in debt.
Kawai sales this fiscal year total 61593000000 yen, a decrease of 9436000000 yen, down 13.3%. Domestic sales of ¥ 43626000000, which decreased 7908000000 yen, down 15.3%, overseas sales of ¥ 17967000000, a decrease of ¥ 1528000000, down 7.8%.
Kawai, operating profit this fiscal year for 674 million yen and reducing 1716000000 yen last year. Exchange losses, recurrent income was 1.46 billion yen a year on reducing ¥ 1824000000 years to the previous year. The net loss of 784 million yen this year. In addition, this exercise equipment Kawai a total investment of ¥ 3146000000, 2082000000 yen in investment production equipment, related equipment investment firms ¥ 1064000000.
Last year, a total of 2789 employees of the river, headquartered in Hamamatsu City, Shizuoka Prefecture, domestic production Factory Iwata City, Shizuoka Prefecture, Tokyo, Nagoya, Osaka branches are responsible for Kanto, Kansai in the central business and overseas with Indonesia, the U.S. manufacturing base and China, the other in the United States, Germany, and has sales offices in China.
Kawai is expected in the country, Europe and the United States and China face the market situation is still grim in response to the crisis, Kawai three main answers: "Managing Innovation "," to encourage companies continues to grow, "" implementation of the business plan midterm seconds "Identified as the basic principle of stable earnings. Kawai made in all major sectors of activity are appropriate, and seek guaranteed to generate profits in advance of the operating system and:
music industry
Mostly piano-based business music, in particular to ensure the highest level Kawai, "Shigeru Kawai" production series of grand pianos, integrated production base in play intense effect, efforts to expand domestic and international market demand for the Piano Series, greatly increase the influence Brand Kawai, electric piano, Kawai piano increasing Indonesia productivity, reduce costs and improve competitiveness. Development devices with audio amplifiers "ANYTIMEX" series hybrid silent piano, increase independent technology research and development, products to increase value added sales efforts.
Integration of internal stores, reduce costs, import the "Customer Information Management System (CRM), product development system to improve customer satisfaction directly; overseas markets, U.S. and European markets should gloomy economic situation will continue, which should increase competition in major development efforts products to exploit the potential of emerging markets, expanding the sales network, a strong existing base of customers in the market. Particular attention market of Chinese musical instruments, Kawai Piano University in China, the school of music has received high evaluation should be starting point, and strengthen sales of musical instruments for schools, and give full play to the role of local Kawai dealer, offering more "room Kawai Piano Music "to" slip under the brand's popularity.
business related to education
Other music lessons, increase the number of students, expand the scale of current music classes. Formed to slip by music teachers as the main "Kawai Music Education Research" philosophy of education propaganda music, to join with teachers to provide better services, sports, the increase primarily to children, "Physical classroom" the number of students, both clients age way, extend the river merged into the older age groups to provide health services to related entities. About the Author

I am China Products writer, reports some information about stand up punching bag , usa boxing gloves.

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