Post by Admin on Jul 13, 2024 15:26:33 GMT
The brand was well known, having signed licensing agreements with famous artists, and even opened a training school for guitar craftsmen.
In addition to guitars, the company also handled basses, amplifiers, effectors, etc., and the manufacturing was basically outsourced. In addition to selling to Osaka Fernandes Co., Ltd. (Kita-ku, Osaka City), with which we have a close relationship although we do not have a capital relationship, and musical instrument stores nationwide, we also export overseas, and by January 1999, our annual sales were in the 4 billion yen range. had reached.
However, in recent years, business performance has deteriorated due to the rise of the used market and intensified competition. The company aimed to make a comeback by creating catalogs and releasing new products, but in the fiscal year ending January 2022, sales fell to 166.08 million yen, and the company posted a final deficit of 24.14 million yen. Furthermore, on April 26, 2023, Osaka Fernandez was ordered to begin bankruptcy by the Osaka District Court due to sluggish sales and other factors. As our company's credibility declined, our cash flow reached its limit, making it difficult to continue our business.
In addition to guitars, the company also handled basses, amplifiers, effectors, etc., and the manufacturing was basically outsourced. In addition to selling to Osaka Fernandes Co., Ltd. (Kita-ku, Osaka City), with which we have a close relationship although we do not have a capital relationship, and musical instrument stores nationwide, we also export overseas, and by January 1999, our annual sales were in the 4 billion yen range. had reached.
However, in recent years, business performance has deteriorated due to the rise of the used market and intensified competition. The company aimed to make a comeback by creating catalogs and releasing new products, but in the fiscal year ending January 2022, sales fell to 166.08 million yen, and the company posted a final deficit of 24.14 million yen. Furthermore, on April 26, 2023, Osaka Fernandez was ordered to begin bankruptcy by the Osaka District Court due to sluggish sales and other factors. As our company's credibility declined, our cash flow reached its limit, making it difficult to continue our business.