July 1.2023

Whom it may concern

Notice of price revision

Dear Valued Distributor,

Greetings. Thank you for your continued business and patronage every time.

We know that you are already aware of this but due to the recent surge in the prices of raw materials and other materials.
As a result, procurement costs for secondary materials, etc… continue to rise.
We have made efforts to control production costs through cost reductions and streamlining of management, but it has become difficult to maintain conventional prices through corporate efforts alone.
Therefore, although it is really unwilling, we have decided to raise the product price for the second time following the one in August last year.
The range of price increases is 20% for machines and 15% for parts.

We hope you will understand the necessity for this price increases and we really appreciate as always for your understanding of this situation and look forward to serving you now and in the future.

＜＜Price revision date＞＞
SHOEI machinery mfg. co., ltd. is announcing a price increase in our making effective August 1, 2023.

With Best Regards,