SAKURAI VIETNAM COMPANY LIMITED

SAKURAI VIETNAM COMPANY LIMITED (CÔNG TY TNHH SAKURAI VIỆT NAM): A High-Volume Exporter with Financial Cracks Beneath the Surface

SAKURAI VIETNAM COMPANY LIMITED is a 100% Japanese-owned enterprise, legally registered under Business ID 2801157817. Based in Le Mon Industrial Park, Thanh Hoa City, the company has been operating in Vietnam since 2008 and now employs an impressive 12,000 workers. The business specializes in the manufacture of garment products, including knitted and crocheted apparel, with a clear export orientation.

On the surface, the revenue growth is real — in 2023, total sales surged by 14.97% to hit USD 108.97 million, up from just under USD 95 million the year before. Profits also made a strong comeback, increasing by a staggering 259.15% to reach USD 2.48 million. That sounds great. But the story doesn’t end there.

Here’s the warning: SAKURAI VIETNAM is running with negative working capital — USD -2.62 million. This means short-term liabilities are outweighing liquid assets. That’s a dangerous position for a high-volume manufacturer, especially one employing thousands and operating on thin export margins. If a key buyer delays payment, or a shipment gets stuck, cash flow could snap.

Equity improved in 2023, rising to USD 16.65 million, but it still hasn’t returned to its 2021 level of over USD 22.5 million. Profits might be growing again, but the company is still in recovery mode. Total assets stood at USD 105.66 million, showing a steady increase, but nowhere near the pace of revenue growth. That imbalance needs to be watched.

The firm is led by Mr. OCHI HITOSHI, a Japanese national who serves as both Chairman and General Director. Ownership is held entirely by SAKURAI CO., LTD, based in Ehime, Japan — further confirming that this is a foreign-invested export operation with tight coordination with its parent entity abroad.

SAKURAI VIETNAM COMPANY LIMITED operates from multiple sites in Thanh Hoa Province and focuses exclusively on garment processing. Unlike some competitors that diversify into real estate or retail, SAKURAI keeps its operations lean and focused — perhaps a strength, maybe a vulnerability in a volatile global market.

Bottom line: this is a massive exporter showing a profit rebound, but liquidity is tight and financial reserves are thin. It’s a company with scale, but not one without risks. For business partners, this means caution. Don’t be misled by revenue growth alone — due diligence is non-negotiable.

Before entering into any agreements or extending credit, request a full Company Report and current Vietnam Financial Data. Use Business Verification Services and Risk Management Services from VANGUARD BUSINESS INFORMATION LLC (VBI) to uncover deeper operational realities.

SAKURAI VIETNAM may be growing, but growth, when paired with negative working capital, can turn from strength to weakness overnight.

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