Omura

Omura Giken's Kimura also worries that dispersing his engineering talent, once concentrated in Kamaishi, to other sites will dull the pace of innovation, which was spurred by staff interaction.

Insight: Tsunami town epitomizes Japan Inc's dilemmas Reuters 2011

"The tsunami came over the road, over the railroad tracks and into the factory buildings," said Michiyuki Kimura, president of Omura Giken, the electronics parts maker in Kamaishi that sold about half its output to Hirose Electric.

Insight: Tsunami town epitomizes Japan Inc's dilemmas Reuters 2011

For Omura Giken and the town of Kamaishi, recovery will be far more problematic.

Insight: Tsunami town epitomizes Japan Inc's dilemmas Reuters 2011

"The tsunami came over the road, over the railroad tracks and into the factory buildings," said Michiyuki Kimura, president of Omura Giken, the electronics parts maker in Kamaishi that sold about half its output to Hirose Electric.

Insight: Tsunami town epitomizes Japan Inc's dilemmas Reuters 2011

For Omura Giken and the town of Kamaishi, recovery will be far more problematic.

Insight: Tsunami town epitomizes Japan Inc's dilemmas Reuters 2011

Omura Giken's Kimura also worries that dispersing his engineering talent, once concentrated in Kamaishi, to other sites will dull the pace of innovation, which was spurred by staff interaction.

Insight: Tsunami town epitomizes Japan Inc's dilemmas Reuters 2011

"From next year, I think we will see more IPOs coming from companies linked with smartphones, social networks and social-application providers," Mr. Omura said.

Japan IPOs Make Tepid Comeback Kana Inagaki 2011

Mr. Omura said other companies to watch include those linked to solar and other renewable sources of energy, and lithium batteries, as the country grapples with electricity shortages caused by the nuclear crisis.

Japan IPOs Make Tepid Comeback Kana Inagaki 2011

Norimi Omura , an executive director of the IPO department at Nomura Secaurities Co., said the brokerage estimates that around 30 companies will go public in 2011, slightly lower than the 30 to 40 IPOs he projected before the disaster.

Japan IPOs Make Tepid Comeback Kana Inagaki 2011

But Omura Giken's Kimura does worry about the wisdom of staying in a tsunami zone.

Insight: Tsunami town epitomizes Japan Inc's dilemmas Reuters 2011