Yuka Group Inc. Reduces Liabilities and Clears Nearly $500,000 in Corporate Debt

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MIAMI, FL/ACCESSWIRE/May 17, 2022/ Yuka E-Commerce (“YUKA”) is a wholly owned subsidiary of Yuka Group, Inc. (“the Company”) which announced the reduction of the company’s debts by nearly $500,000. In March, the company restructured and rationalized some of the costs, which reduced the amount of financial liabilities.

“We are working hard to keep our costs low and accelerate our systems to reduce our debt” and leave more on the bottom line,” said Meir Avitan, President of YUKA. We will continue to consolidate and reduce costs wherever we Look for the results in our March 31, 2022 quarterly disclosure, he added.

The most logical step our company uses to reduce its debt ratio is to increase sales revenue and profits. This was achieved by raising prices, increasing sales and reducing costs. Inventory management is another measure that has been taken to reduce the debt-to-equity ratio. Inventory can take up a very large portion of a business’ working capital. That’s why we’ve made sure to maintain unnecessarily high inventory levels beyond what’s needed to fill customer orders in a timely manner.

A particular focus on collecting overdue payments due to our company is essential to ensure a sound financial basis for continued operations. Applying shorter payment terms (for example, net 30 days instead of net 90 days) can provide additional certainty about the state of the company’s finances. Although renegotiating payments for established customers may be impractical, it may be possible to consider prompt payment discounts or use a certified accounts receivable company willing to provide 85% or more of the amount due up front. and bear the burden (and risk) of late payments.

About Yuka E-Commerce
Yuka is an e-commerce company dedicated to providing strategic sales channels for brands looking to enter or grow in the global e-commerce market. YUKA provides a full range of brand building and sales & marketing services to extend a client’s brand reach. The services offered include not only comprehensive sales and marketing services, but also operational sales and fulfillment logistics, as well as product and brand photography.

For more information, visit our website at www.yukaecom.com

About Yuka Group, Inc.
Yuka is a company that particularly focuses on companies that demonstrate positive potential while striving to bring new technologies and unique products to their respective markets.

For more information, visit our website at www.Yukaecom.com

Safe Harbor Statement:
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Certain statements set forth in this press release constitute “statements prospective”. “Forward-looking statements include, but are not limited to, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain the words “estimate”, “project”, “have the ‘intend’, ‘expect’, ‘anticipate’, ‘plan’, ‘plan’, ‘expect’, ‘believe’, ‘probably’, ‘should’, ‘could’, ‘would’, ‘could’ , or words or phrases with a similar meaning. These statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company’s actual results and financial condition to differ materially from those included in the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company’s ability to develop its business. Actual results may differ materially from anticipated results and results reported should not be considered as an indication of future performance. Potential risks and uncertainties include, among others, the Company’s limited operating history, limited financial resources, domestic or global economic conditions – the activities of competitors and the presence of new or additional competition and the conditions stock markets.

Learn more about the company here: https://youtu.be/Ciy0_sGrfAc

Watch the full conference presentation here: https://youtu.be/S4tspChUvoE

CONTACT:
Yuka Group, Inc.
1815 NE 144and St.
North Miami, Florida 33181
Office: 786-657-2446 | [email protected]

THE SOURCE: Yuka Group, Inc.

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https://www.accesswire.com/701659/Yuka-Group-Inc-Reduces-Liabilities-Clears-Close-to-500K-In-Company-Debts

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