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Jelco closure

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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


Reported by Byron Baba


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