Sumida Electronic Quang Ngai Co., Ltd (Vietnam)

SUMIDA ELECTRONIC QUANG NGAI CO., LTD was founded in Apr 2015 in Quang Ngai Province. It is invested by SUMIDA CORPORATION in Japan with registered investment capital of USD 10 million. The subject has involved in manufacturing electronic components with the main product being the inductor. The product could be equipped with many types of electronic and telecommunication devices such as television, smartphone, laptop, printer and other housing appliances. 100% of finished products are exported to Hong Kong for consumption.  From financial data, it could be seen that the subject recorded a growth of sales annually but its profitability was rather humble. Fixed assets sharply enlarged in the 2019-2021 period when the factory was put into operation, indicating investments in production facilities to raise capacity. The investment activity continued because it still had VND 67.1 billion in construction costs at year-end 2021. Therefore, fixed assets are expected to further increase. Capital structure was largely financed by liabilities, the subject used many loans from credit institutions to meet operating capital demand, and the debt ratio reached 40% as of 31 Dec 2021. The financial risk was remarkable.