Miki Corporation

Miki Corporation (株式会社三貴) is a Japanese processed/natural Diamond dealer. It is the corporation which manages stores such as "Jewelery Maki" and "Joyeux Couture Maki". Their leading product is the Camelia Diamond.

The enterprise was established by Kimura Kazuo, a graduate in Commerce of Waseda University. It produces expensive luxury jewels in large quantities and was once considered the company charging prices with highest profit margins in the world. However, it also sold goods at cheap prices and was considered the main enterprise establishing the trend of using luxury gems as a fashion commodity in the general public of Japan.

During the economic bubble period, the retail stores soon developed and expanded to clothing for women and children. The number of retail outlets soon reached over 1400, through cooperation with suppliers and production factories from China and Thailand, mainly Maxer Corporation of Hong Kong. The enterprise grew to become one of the largest firms in Japan with over 8000 workers and gross sales of 1,700 million yen.

In terms of scale, it was ranked 1st in Japan for jewellery and 6th for women's clothing.

At the time, 30% of the diamonds from De Beers, the syndicate of worldwide diamond dealers were wholesaled by this company.

However, due to the harmful influence of Kimura's one-man management and labor problems along with the economic downfall of Japan in recent years, the enterprise consequently led eight Japanese banks into bankruptcy. This included the Hokkaido Takushoku Bank Ltd. The extreme achievement of the enterprise deteriorated quickly at the burst of the economic bubble. Nonetheless at present, debt rearrangement is in operation and despite the fact that sales have been reduced substantially along with the scale of the enterprise, the company is growing again slowly.

Read more about Miki Corporation:  Main Characters in Commercials

Famous quotes containing the word corporation:

    The nearest the modern general or admiral comes to a small-arms encounter of any sort is at a duck hunt in the company of corporation executives at the retreat of Continental Motors, Inc.
    C. Wright Mills (1916–1962)