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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 and Uchida to raise prices

Tuesday 20 May 2008

Okamura has announced price increases for the Japanese market. Another major Japanese office furniture company, Uchida Yoko, has done likewise.
Okamura Corp. says intends to raise prices of all products by 5-10% this summer. The company made similar price hikes in 2005 and 2006, and is moving to do so again in the face of continuous cost increases.

Uchida Yoko Co. will hike prices of almost all products by 5-12% starting with orders received after 1 June. Chairs will be 6% more expensive and desks 9% pricier. The rate of price hikes this time is larger than the 2-3% increase the company made in January 2007, because steel products and other materials have been trading at higher prices since the beginning of this year.

With increases of materials costs unlikely to end soon, industry officials in Japan said other furniture manufacturers are expected to follow suit.

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