NO7. Toppan Printing (Hong Kong) Co., Ltd., which has been operating for 54 years, announced that it will close the factory and end the printing business.
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On October 31st, according to information from WeChat users, Toppan Printing (Hong Kong) Co., Ltd., which had operated in Hong Kong for 54 years, announced that it will close the Yuen Long plant and end the related printing business, and posted a photo of the relevant “announcement”. According to the 2016 fiscal year report issued by Toppan Printing Co., Ltd., the parent company of Toppan Printing (Hong Kong) Co., Ltd., sales in 2016 were 1.4315 trillion yen, down 2.9% year-on-year; operating profit was 51.6 billion yen, up 6.3% year-on-year The net profit was 32.5 billion yen, a year-on-year decrease of 7.7%. According to its annual report, in terms of net profit, Japan’s Toppan Printing’s fixed assets saw a loss of 30.7 billion yen. Therefore, it is also reasonable for Japan Toppan Printing to make business adjustments.