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HomeAircraftHelicopterMain Discussion › JR Propo files Bankruptcy
12-29-2017 08:14 PM  5 months agoPost 1
TMoore

rrMaster

Cookeville, TN

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No mention of this but it happened.

https://rc.runryder.com/gallery/355...se_12282017.pdf
http://www.tdb.co.jp/tosan/syosai/4412.html

Japan Remote Control Co., Ltd.
"JR PROPO" brand RC helicopter etc.
Provision of technology to the production TV drama "Eternity 0" flight scene Technical offer
commencement of bankruptcy procedure Decided
TDB company code: 580652218

Debt 4 billion yen

"Osaka" 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) is December 26 On the day the Osaka District Court received a decision to commence bankruptcy proceedings.
 
 Bankruptcy trustee Yuichi Sakagawa lawyer (4-8-17 Ni****enmi Kita-ku, Osaka-shi, Wagataki comprehensive law firm, telephone 06-6363-7800).
 
 Our company was founded in September 1976, a manufacturer of radio control (RC) such as helicopter · airplane reorganized corporation in November of the same year and remote controllers for industrial use. He worked on the manufacture and sale of RC helicopter and RC airplane under the trademark of "JR PROPO", consistently performed from design development through manufacture and sales repair with high technology, and some outsourcers also used it. It manufactures at domestic factories of manufacturing bases and Malaysia factories and sells at about 400 shops throughout the country, and also has a high profile in overseas, actively developing overseas, mainly in the US, EU, and Asia. In addition to being widely adopted in the technology offering to the zero-battle flight scene of the TV drama "Eternity 0" and various variety programs, our employees have a high degree of publicity, such as becoming a champion at the radio control helicopter world tournament It was. In recent years, we focused not only on hobby, but also on industrial products such as pesticide spraying and remote site inspection and drone development. In the fiscal year ending March 2016 due to the advancement into the industrial field, we posted annual sales of about 4,100 million yen, which will double as compared with the previous term.
 
 Even after that, although the motivation for business was strong, such as the plan to open a new factory in Wakayama prefecture and Nara prefecture, etc., although the motivation for business was strong, payment was delayed against various aspects such as business parties around May 2016. Credit apprehension was whispered in the industry, and cash flow was concerned. Furthermore, in some cases, planned opening of a new factory in Hashimoto, Wakayama Prefecture, where planned fishing settlements and unclear outflows are also pointed out, will not go on, and in September 2016 the financial debt repayment will be delayed and taxes There was also a situation of delinquency occurred. For this reason, although we tried to improve cash position through substantial restructuring etc., we filed a lawsuit from some creditors, business environment deteriorated, such as seizure of owned real estate from local governments and financial institutions in 2017. This year it was the measure because it came here and filed for bankruptcy from the creditors as the business shrank greatly since this year. 
 
 Debt is expected to be about 4 billion yen, mainly financial debt, but there is a possibility that it will fluctuate greatly in the future.

JR America's letter:

http://www.jramericas.com/news_feed.php?#newsid66

Delayed Response Operator Not Engaged
AMA SECTION 336 = Good
Drones = EVIL

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12-29-2017 08:27 PM  5 months agoPost 2
chopper37

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NJ and Long Island

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Wow that’s to bad, always loved my JR radios, guess it’s time to move on. Thanks for posting this info.

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12-29-2017 08:31 PM  5 months agoPost 3
A&J

rrApprentice

Hudson FL 34667

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Sad to see this I've always been a JR fan only thing may me get a different radio..JR was so late coming to the table their own true 2.4

Never really been a fan of spectrum
Seem like they had more horror stories more than others.. I could be wrong on this.. won't be my first time

Lets do the time warp againnn !

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12-29-2017 08:59 PM  5 months agoPost 4
doorman

rrProfessor

Sherwood, Arkansas

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Not Bad At All
Read the last link in the OP..

It explains what has taken place and what it will be going into the future...
Don't jump ship... good stuff is coming again.... Most of the delays have been taken care of and new product releases are coming in...
I am fully confident and just purchased an XG11 here on RR to handle my models that were on my XG8...

Happy New Year 2018!!!!!!!!

Stan

(yes I am a proud member of Team JR)

AMA 2918-Team Spin Blades,,Castle Creations, Unique Aircraft

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12-29-2017 09:07 PM  5 months agoPost 5
JuanRodriguez

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The Villages, Florida

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https://rc.runryder.com/gallery/355...se_12282017.pdf

Been there, done that and old enough to know better.....

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12-29-2017 09:21 PM  5 months agoPost 6
A&J

rrApprentice

Hudson FL 34667

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The question is how stable the new stuff will be

Lets do the time warp againnn !

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12-29-2017 10:24 PM  5 months agoPost 7
lightningrc

rrElite Veteran

UK

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I used to be a big JR fan but when spektrum came out there prices took off !!
Every one and me who I know joined Spektrum then as JR was like 3 times the price .

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12-29-2017 10:33 PM  5 months agoPost 8
Heli_Splatter

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USA

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Love my JR9303, just not willing to start over once JR switched from DSMX. I wish them well. Pricy but good stuff. Freak reported this days earlier.

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12-29-2017 10:45 PM  5 months agoPost 9
TMoore

rrMaster

Cookeville, TN

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Depending on the type of bankruptcy they ultimately file there could be a sponsor that will take charge of a possible restructuring if there is one. This is a typical Japanese method of assigning the responsibility to another company in a similar industry. It's happened many times in the Japanese Machine Tool industries.

Delayed Response Operator Not Engaged
AMA SECTION 336 = Good
Drones = EVIL

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12-30-2017 01:27 AM  5 months agoPost 10
LaDon

rrVeteran

Fort Dodge .Ia

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It has happened. If you read the PDF above it is business as usual with the same manufacturer in Malaysia that JRPropo had. So same quality and stuff like normal just owned by another company now. It will just take a bit to get all the manufacturing back up to speed ad some of their vendors have to get going again also but it is getting better every day

The JR product line will be going on as the restructuring has been going on for the last 18 months

Team Jr

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12-30-2017 01:44 AM  5 months agoPost 11
Heli_Splatter

rrElite Veteran

USA

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You also have to be wary of these guys when the CEO issues a press release. You can't get them to tell you anything unless they want to tell you how great everything is going... usually, the ship capsizes about now.

I am not saying anything specifically about JR, just business bankruptcies in general. They are trying to get max value.

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12-30-2017 01:53 AM  5 months agoPost 12
LaDon

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Fort Dodge .Ia

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I would normally give you that but In this case it is not the CEO of JR Propo giving the information. It is the owner of JR Americas which by the way does not have any say in how JR Propo is or was run. He just owns the distributorship here in the states.

I don’t know how to explain this any other way but guys JRPropo is gone period. Another company has bought the assets and is taking over. There is no CEO of JRPropo anymore

The new company has been in the Hobby business for a lot of years. They have done nothing yet to doubt them

Team Jr

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01-01-2018 01:14 AM  5 months agoPost 13
joeskeeter

rrVeteran

South Georgia

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Sad. I had a 9303,it was a finely crafted tx.First radio I got to start flying helis.
I think the average person's attention span has been corrupted by the smartphone.
Youtube videos; it's not even like a few years ago.
Unboxing drone reviews dominate Youtube.
Open box, seriously, this is the state of the hobby now.

Everybody has a plan until they get punched in the face - Mike Tyson

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