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New President of Sumitsuden Hitachi Cable Co.
, Ltd.
Yoshitaka Tada
Recently, Yoshitaka Tada, president of Hitachi Cable New Company, said in an interview with reporters that he will increase the marketing of low-smoke and environmentally friendly cable products
.
Yoshitaka Tada, the new president of Sumitomiden Hitachi Cable Co.
, Ltd.
, said that the company formulated a business plan
for fiscal 2016 when the copper price was 620,000 yen per ton.
But now that copper prices are falling, shipments are not much different from the previous year, so the company's earnings this year are likely to
decrease.
In 2016, Sumitomi Hitachi Cable Co.
, Ltd.
targets copper shipments of 64,500 tons (a slight decrease from the previous year), and sales will reach 68 billion yen, a decrease of 4% year-on-year, and a total
surplus in production and sales.
Tada Yoshitaka said that he hopes to open up this situation
through meticulous management.
He also said that in the future, the company will develop improved products that meet customer needs on the basis of the original and increase the marketing of low-smoke, environmentally friendly cable products
.
In addition, the company's five-year medium-term plan for 2016-2020 will be formulated in September this year, and it will also conduct business based on the Japan Wire and Cable Association's transaction rationalization policy to improve
profitability.
New President of Sumitsuden Hitachi Cable Co.
, Ltd.
Yoshitaka Tada
Recently, Yoshitaka Tada, president of Hitachi Cable New Company, said in an interview with reporters that he will increase the marketing of low-smoke and environmentally friendly cable products
.
Yoshitaka Tada, the new president of Sumitomiden Hitachi Cable Co.
, Ltd.
, said that the company formulated a business plan
for fiscal 2016 when the copper price was 620,000 yen per ton.
But now that copper prices are falling, shipments are not much different from the previous year, so the company's earnings this year are likely to
decrease.
In 2016, Sumitomi Hitachi Cable Co.
, Ltd.
targets copper shipments of 64,500 tons (a slight decrease from the previous year), and sales will reach 68 billion yen, a decrease of 4% year-on-year, and a total
surplus in production and sales.
Tada Yoshitaka said that he hopes to open up this situation
through meticulous management.
He also said that in the future, the company will develop improved products that meet customer needs on the basis of the original and increase the marketing of low-smoke, environmentally friendly cable products
.
In addition, the company's five-year medium-term plan for 2016-2020 will be formulated in September this year, and it will also conduct business based on the Japan Wire and Cable Association's transaction rationalization policy to improve
profitability.
