Tezuka revises its sales target to 10.4 billion yen

December 1, 2017

On December 1st 2017, Tezuka, machine tool trading company, held MTA meeting and end-year party in Tokyo. MTA consists of Tezuka’s supplier manufacturers. At the opening of the meeting, Makoto Mitsuhashi, president of Tezuka, explained the outline of the business.

The sales in the first quarter grew steadily, up 19.2% from the same period last year. However, the growth slowed down in the second quarter, resulting in an 11.5% increase in the first half.

Tezuka has revised its sales target for FY2017 upward from 10 billion yen (up 6.0% YoY) to 10.4 billion yen (up 10.3% YoY). This is because it is difficult to foresee the future in light of climate change and the recent political situation.

In order to accomplish this target, the company held a closing sale from December 1st to March 31 to boost sales of machine tools and cutting tools.