PeteR
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From a Japanese news release - Fernandez Co., Ltd. (Toda City) will suspend its business by July 11. " Currently, we are bearing a considerable amount of debt to multiple creditors, and it is truly regrettable that it is impossible to continue the business," and the bankruptcy procedure is entrusted to Satoshi Sugita (Orion Ikebukuro Higashiguchi Law Office, 2-15-3 Minami-Ikebukuro, Toshima-ku) The fact that I did it was posted at the head office.
The total debt is 433.89 million yen (as of the fiscal year ending January 2024).
We develop our business mainly on the sales of the domestic electric guitar brand "FERNANDES". The brand was well-known, such as signing a license agreement with famous artists, and a training school for guitar craftsmen was also opened.
In addition to guitars, bass, amplifiers, effectors, etc. were also handled, and the production was based on outsourcing. In addition to selling to Osaka Fernandez Co., Ltd. (Kita-ku, Osaka City) and musical instrument stores nationwide, which had a deep relationship although there was no capital relationship, it also handled overseas exports, and in the annual sales reached 4 billion yen range in the fiscal year ending January 1999.
However, in recent years, business performance has deteriorated due to the rise of the second-hand market and intensified competition. We 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 a final deficit of 24.14 million yen was recorded. In addition, Osaka Fernandez was decided to start bankruptcy by the Osaka District Court on April 26, 2023 due to sluggish sales. As our company's credibility also declined, the cash flow reached its limit and it became difficult to continue business.
Fernandez Co., Ltd. (TSR company code: 290966302, corporate number: 3011101018547, 915 Shinso, Toda City, established in February 1969)
Osaka Fernandez Co., Ltd. (TSR company code: 570754763, corporate number: 2120001072636, Kita-ku, Osaka City)
They dont have own factories, they're just a brand, and the guitars were made in OEM factories
From a Japanese news release - Fernandez Co., Ltd. (Toda City) will suspend its business by July 11. " Currently, we are bearing a considerable amount of debt to multiple creditors, and it is truly regrettable that it is impossible to continue the business," and the bankruptcy procedure is entrusted to Satoshi Sugita (Orion Ikebukuro Higashiguchi Law Office, 2-15-3 Minami-Ikebukuro, Toshima-ku) The fact that I did it was posted at the head office.
The total debt is 433.89 million yen (as of the fiscal year ending January 2024).
We develop our business mainly on the sales of the domestic electric guitar brand "FERNANDES". The brand was well-known, such as signing a license agreement with famous artists, and a training school for guitar craftsmen was also opened.
In addition to guitars, bass, amplifiers, effectors, etc. were also handled, and the production was based on outsourcing. In addition to selling to Osaka Fernandez Co., Ltd. (Kita-ku, Osaka City) and musical instrument stores nationwide, which had a deep relationship although there was no capital relationship, it also handled overseas exports, and in the annual sales reached 4 billion yen range in the fiscal year ending January 1999.
However, in recent years, business performance has deteriorated due to the rise of the second-hand market and intensified competition. We 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 a final deficit of 24.14 million yen was recorded. In addition, Osaka Fernandez was decided to start bankruptcy by the Osaka District Court on April 26, 2023 due to sluggish sales. As our company's credibility also declined, the cash flow reached its limit and it became difficult to continue business.
Fernandez Co., Ltd. (TSR company code: 290966302, corporate number: 3011101018547, 915 Shinso, Toda City, established in February 1969)
Osaka Fernandez Co., Ltd. (TSR company code: 570754763, corporate number: 2120001072636, Kita-ku, Osaka City)
They dont have own factories, they're just a brand, and the guitars were made in OEM factories
