Welcome to JSA Consultancy Services

A business consultancy, based in London, England, John Sacks' JSA Consultancy Services provides expert, in-depth, information advice and guidance as to how to exploit successfully the office furniture and interiors markets in Europe, North America, Australasia and Japan.

Okamura's Operating Profit to Fall as Office Furniture Sales Dip

Thursday 20 March 2008

Japanese office furniture manufacturer Okamura Corp.\'s group operating profit will likely remain flat at $110 million for the year ending March 31, instead of $131 million it had projected, because of sluggish demand among major customers such as banks and brokerages.
Amid the fallout from subprime mortgage woes in the U.S., financial institutions, in particular, have started reining in office-related outlays, depressing sales of such products as desks, chairs, shelves and partitions.

Sales are likely to slip 2% to $2.1 billion, falling short of the $2.2 billion billion forecast, marking the first drop in six years.

With lower stock prices, the yen\'s rise and delays in housing starts conspiring to chip away at the business environment, office-related investments are slowing down across many nonfinancial industries as well.



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