Xinhua
09 Jun 2023, 11:49 GMT+10
The International Tokyo Toy Show, which runs from Thursday to Sunday, is expected to bring together 156 firms worldwide to exhibit their latest products to an estimated 90,000 visitors, with Chinese toymakers holding a key position in this market.
TOKYO, June 9 (Xinhua) -- From intricate miniature houses to a variety of musical educational devices, Chinese toymakers showcased their best-selling products at the International Tokyo Toy Show on Thursday as they sought to expand their presence in the Japanese market.
The exhibition booth of Robotime Technology (Suzhou) Co., Ltd., a Chinese toy company that designs and produces 3D wooden puzzles and miniature houses, featured a variety of delicately crafted miniature houses in different scenarios and beautifully designed music boxes, which attracted the attention of potential buyers.
The toymaker made a foray into the Japanese market in 2018, and this was its third display at the Tokyo Toy Show.
"We had a good start in the Japanese market, but our progress stagnated because of the COVID-19 pandemic. Hopefully, this year's toy show will help us get a breakthrough in the Japanese market," the company's sales manager Juidy Dong told Xinhua.
The International Tokyo Toy Show, which runs from Thursday to Sunday, is expected to bring together 156 firms worldwide to exhibit their latest products to an estimated 90,000 visitors.
Many Chinese exhibitors came from China's "toy capital," the Chenghai District of Shantou, home to over 10,000 toy companies, in south China's Guangdong province.
Shantou-based Guangdong Baoli Cultural Development Co., LTD., producing music educational toys for infants, had participated in the Tokyo Toy Show for years as the Japanese toy market was too big to ignore.
"We want to expand our presence in Japan as it is a mature and big market," said Lisa Chen, head of the company.
According to data from the Japan Toy Association, the country's toy market size went up 106.7 percent year-on-year to 952.5 billion yen (about 6.8 billion U.S. dollars) for Japan's 2022-23 fiscal year from April 1, 2022 to March 31, 2023.
"As users of long-selling brands span over two or three generations, the adult market of toys sees an increasing outspread. We believe the toy market has the potential for further expansion despite the declining birth rate," noted the report by the association.
The Japanese toy market is strict when it comes to quality and preference for local brands, making it a challenging market to enter.
Through the market entry and expansion in Japan, the Chinese toymaker could learn and grow along the process as the market emphasis on quality will make their products better and more competitive in the global market, noted Chen.
Although Japan's toy market is highly competitive, Dong said Robotime remained confident in its ability to thrive in the country due to its commitment to originality, a strong research and development team and a continuous stream of new products.
Get a daily dose of Buffalo Breeze news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Buffalo Breeze.
More InformationWASHINGTON D.C.: After consumer complaints of oil pump failures, the National Highway Traffic Safety Administration's (NHTSA) Office of Defects Investigation ...
NEW YORK, New York - With no major news Monday, and nothing on the horizon, U.S. stocks remained little moved, ...
WASHINGTON D.C.: In a small but rare reduction to its headcount, which has grown steadily since 2010, the US Federal ...
CAMP HILL, Pennsylvania: This week, the Wall Street Journal (WSJ) reported that Rite Aid could shut down some 400 to ...
WASHINGTON D.C.: U.S. Transportation Secretary Pete Buttigieg has criticized the air traffic control staffing shortages in New York as "unacceptable" ...
BURBANK, California: A note by Needham media analyst Laura Martin released this week revealed that CEO Bob Iger told investors ...
(Photo credit: Joe Nicholson-USA TODAY Sports) Justin Verlander turned in a vintage performance, taking a shutout into the ninth inning ...
Mumbai (Maharashtra) [India], September 26 (ANI): Mumbai police's crime branch has filed the fourth supplementary chargesheet in the 26/11 Mumbai ...
(Photo credit: Albert Cesare/The Enquirer / USA TODAY NETWORK) Joe Burrow played through a right calf strain to complete 26 ...
(Photo credit: Ricardo B. Brazziell/American-Statesman / USA TODAY NETWORK) No. 3 Texas and No. 24 Kansas will look to continue ...
(Photo credit: John Jones-USA TODAY Sports) The Arizona Diamondbacks will try to strengthen their chances in the National League wild-card ...
(Photo credit: Alex Martin/Journal and Courier / USA TODAY NETWORK) There should be more familiarity than usual between Illinois and ...