Japan Power Fastening Sales Rise

Jason Sandefur

Japan Power Fastening Co. Ltd. reported that sales during the first half of fiscal 2006 rose 2.6% to Yen 2.9 billion (US$24.56 million), while operating earnings dropped 46.2% to Yen 63 million. First-half net income declined 43% to Yen 29 million.
Osaka-based Japan Power Fastening manufactures industrial fasteners and tools for the construction, automobile and electronics industries. The publicly-held company employs about 700 workers. Tel: 81 6 6873 2251 Fax 81 6 6873 2260 �2005 FastenerNews.com