Jason Sandefur

Japan Power Fastening Co. reported sales dropped 3% to 10.6 billion yen (US$118.4 million) during 2008, down 300 million yen from its projected forecast.

Operating revenues for the industrial fastener manufacturer fell 8% to 280 million yen (US$3.13m), while net income declined to a 30 million yen loss (US$334.825). ©2009 FastenerNews.com