In a recent letter published on online retail website MrStylus, President and CEO of Jelco parent company Ichikawa Jewel Co. Ltd. announced the closure of business:
It is with deepest regret to inform you this sad announcement.
The novel corona virus pandemic continue to have a significant impact on our production lines, and so I have decided to terminate our business effective immediately.
For the past few years, the business has endured a decline in labor productivity due to health issues arising from our aging skilled engineers. Furthermore, due to our obsolete mechanical equipment, performing maintenance on them has become difficult.
I sincerely ask for your understanding on the following points:
• No new orders will be accepted.
• Repair of products will not be accepted.
I would like to thank everyone for their warm support that was extended to us throughout the years. I would also like to express in writing my deepest gratitude for your kindness and wish you all the best for your continued development.
Sincerely yours,
Takako Ichikawa
President & CEO
ICHIKAWA JEWEL CO.,LTD.
Reported by Byron Baba
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