April 22, 2014 4:20 am JST

Sun-wa seen on track to record profit in fiscal 2014

TOKYO -- Group pretax profit at Sun-wa Technos Corp., a Japanese trading company specializing in electronic equipment and parts, is expected to jump about 20% on the year to a record 4 billion yen ($38.6 million) or so this fiscal year.

     As corporate spending on equipment and factories recovers, Sun-wa is seen benefiting from higher demand for such electronic components as those for automobiles and mobile devices both domestically and abroad. Parts used for controlling solar power generation systems will likely enjoy brisk sales as well.

     Sales for the year through March 2015 are expected to rise about 10% to 110 billion yen. In Asian markets outside Japan, Sun-wa strengthened operations last fiscal year through such steps as doubling a Thai subsidiary's workforce. Sales growth is likely for automobile and machine tool parts.

     In Japan, robust demand is expected for electronic components, including those for mobile devices and solar power equipment.

     For the year ended March 31, sales apparently ratcheted up 14% on the year to break the 100 billion yen mark for the first time. Pretax profit likely surged 30% to slightly more than 3 billion yen.

(Nikkei)