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Old 12-27-2017, 02:12 PM
JetPlaneFlyer is offline
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JR Propo / Japan Remote Control Ltd - gone bankrupt

Sadly previous rumours have proved to be true. Formal bankruptcy was filed for in Osaka Japan on 26th December:

Quote:
Japan Remote Control Co., Ltd. (Capital 3,600,000 yen, Higashi Osaka-shi Eiwa 2-2-12, Registration side = 392 Shirakibucho-cho Matsusaka city, Mr. Akiko Ezaki and 2 others). On the day of December 26 Osaka District Court received a decision to commence bankruptcy proceedings.
Link to the announcement (in Japanese): http://www.tdb.co.jp/tosan/syosai/4412.html

How or if this impacts on the RC-Depot organisation that's currently distributing JR brand products I've no idea. I'd have thought that the JR brand name and their intellectual property would be tied in with the bankruptcy dealings somehow?
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Old 12-27-2017, 02:36 PM
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Im going to cuddle my 28x when I get home
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Old 12-27-2017, 05:38 PM
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Hmmmm, more troubling news from a great RC product line.
BUT, bankruptcy may not be all bad IF, the bankruptcy is filed as a way for the company to eventually become more viable with a better cash flow.
Hopefully the bankruptcy was not filed in a way that ends up being a selloff of assets to pay creditors.
Either way, with JR outsourcing the manufacturing of their product line and the announcement that they were going to put on hold any R and D for future products for the forseeable future, did anybody NOT see this bankruptcy announcement coming???
This hobby is going thru a tough stretch right now, with some very respectable RC product manufacturers closing their doors and LHS failures everywhere, hopefully most can weather the storm.
There are a couple of JR TEAM members that frequent this site, Maybe they can chime in with some insight.
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Old 12-27-2017, 07:03 PM
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$40 million in debt.
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Old 12-27-2017, 07:39 PM
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$40 million in debt.
Yen or Dollar ?? big difference
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Old 12-27-2017, 07:54 PM
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Originally Posted by flyin4fun View Post
Yen or Dollar ?? big difference
4.5 billion yen
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Old 12-27-2017, 07:58 PM
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Yen or Dollar ?? big difference
$$$$
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Old 12-27-2017, 08:33 PM
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My understanding is that JR Propo company stopped production and went out of business more than a year ago. So I assume this bankrupty announcement is just the end of the formal going out of business procedure.

RC-Depot in Japan has subsequently taken over production of JR products. All are now made in Malaysia. (Previously some JR products were made in Malaysia and most/many were made in Japan). This occurred many months ago. RC-Depot was responsible for recently bringing new receivers to market. New JR products made in Malaysia are being sold by JR America in US, and other countries such as UK by McGregor.
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Old 12-27-2017, 08:50 PM
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The NX servos that I have ordered fairly recently still say made in Japan. Maybe they will eventually all be made in Malaysia, but I do not believe that to be the case at this time
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Old 12-27-2017, 09:16 PM
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A month or two back I ordered NX8931 and NX588 servos from JR-America.
Both types were made in Malaysia.
New receivers I have received were also made in Malaysia.
The Malaysian made servos and receivers were in cardboard boxes
(previous Japanese-made servos were in plastic boxes).
Maybe the servos you got were previous Japan made products ??
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Old 12-27-2017, 10:15 PM
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The NX3421ís are still coming out of Japan. Guess it just depends on the specific item.
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Old 12-27-2017, 11:22 PM
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Quote:
Originally Posted by bjw4072 View Post
My understanding is that JR Propo company stopped production and went out of business more than a year ago. So I assume this bankrupty announcement is just the end of the formal going out of business procedure.

RC-Depot in Japan has subsequently taken over production of JR products. All are now made in Malaysia. (Previously some JR products were made in Malaysia and most/many were made in Japan). This occurred many months ago. RC-Depot was responsible for recently bringing new receivers to market. New JR products made in Malaysia are being sold by JR America in US, and other countries such as UK by McGregor.
HUH.....WHERE DID THAT COME FROM???
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Old 12-28-2017, 03:29 AM
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Originally Posted by flyin4fun View Post
HUH.....WHERE DID THAT COME FROM???
From MacGregor, the UK JR importer, plus by RC-Depot themselves who have posted lots of info on facebook (pictures of their new warehouse and boxes piled high of JR products etc).

But this bankruptcy announcement (along with the debt of 4 billion yen) might threaten the deal that was done between JR and RC-Depot. There again it might all be ok, at this point who knows for sure?
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Old 12-28-2017, 09:25 AM
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They're get'n lower mate.....
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May as well say Futaba, HiTec & Jetti are filing for bankruptcy ........It's all scuttlebutt

I'm sure JR will be around for along time - just like all the others
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Old 12-28-2017, 10:45 AM
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Quote:
Originally Posted by JetPlaneFlyer View Post
From MacGregor, the UK JR importer, plus by RC-Depot themselves who have posted lots of info on facebook (pictures of their new warehouse and boxes piled high of JR products etc).

But this bankruptcy announcement (along with the debt of 4 billion yen) might threaten the deal that was done between JR and RC-Depot. There again it might all be ok, at this point who knows for sure?
This can be fatal, if RC Depot (or whoever) looses JR brand all the FCC and CE certifications go with the brand/product name and whoever holder was. If banks/liquidator hold the name, and there is any kind product name/brand name change all products will have to re-certified again. And who is going to pay for it?
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