Launch of the recycling business
First written in FY2021-Q2. 14 of 20 entries say "Advanced", first in FY2021-Q3. Latest entry: FY2026.
0 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「In addition to cost reductions resulting from stable production at the Kakegawa factory, demand in the recycling market was recovering and shipment volume performed well. As a result, sales in the recycling business for the current consolidated fiscal year amounted to ¥252.353 million, up 7.2% year on year, and operating profit was ¥25.855 million, compared with an operating loss of ¥20.396 million in the previous year.」
Stable production and cost reductions at the Kakegawa factory enabled the recycling business to turn from an operating loss to operating profit of ¥25.855 million, advancing its return to profitability. - 2026-05-14AdvancedRevision to earnings forecast
「In addition to cost reductions resulting from stable production at the Kakegawa Plant, demand trends in the recycling market were recovering and shipment volumes remained solid.」
生産量の安定と市場需要の回復により、リサイクル事業の営業損益は前年の損失から利益へ転じた。 - FY2026-H1AdvancedAnnual report
「Demand in the recycling market was recovering and shipment volume performed well. Production also proceeded smoothly without any significant machinery problems or shutdowns, reducing manufacturing costs and improving the profit margin per unit. As a result, sales in the recycling business for the current interim consolidated accounting period amounted to ¥131.293 million, up 20.9% year on year, and operating profit was ¥13.749 million, compared with an operating loss of ¥13.752 million in the same period of the previous year.」
Production progressed without machinery problems or shutdowns, improving manufacturing costs and the profit margin per unit. The recycling business turned from an operating loss in the same period of the previous year to operating profit of ¥13.749 million. - FY2025Full-year losses widened because of machinery problems and the weak Chinese economyAnnual report
「Demand in the recycling market was recovering and shipment volume performed well. However, profit margins declined because temporary production declines caused by problems with factory machinery increased costs, while the continued weakness of the Chinese economy made it difficult to pass costs on through sales prices. As a result, sales in the recycling business for the current consolidated fiscal year amounted to ¥235.361 million, up 14.4% year on year, and operating loss was ¥20.396 million, compared with an operating loss of ¥7.275 million in the previous year.」
Although demand and shipment volume recovered, the operating loss widened from ¥7.275 million to ¥20.396 million because of lower production caused by machinery problems and difficulties passing costs on through prices amid the weak Chinese economy. - FY2025-H1Production cuts caused by machinery problems and the recycling business falling into the redAnnual report
「In the recycling business during the current interim consolidated accounting period, demand in the recycling market, particularly in Japan, was recovering and shipment volume performed well, but production volume declined because of temporary machinery problems. As a result, sales in the recycling business amounted to ¥108.562 million, down 5.1% year on year, and operating loss was ¥13.752 million, compared with operating profit of ¥10.729 million in the same period of the previous year.」
Although demand in the domestic recycling market was recovering, production volume declined because of temporary machinery problems. Sales fell 5.1% year on year, and operating results shifted from profit in the same period of the previous year to a loss of ¥13.752 million. - FY2024AdvancedAnnual report
「As measures to address these conditions, the Company worked to reduce procurement prices and secure stable production volume. In addition, the conclusion of a transaction involving a large volume of resale products in the first half improved segment-wide operating results compared with the same period of the previous year.」
Amid deterioration in supply and demand caused by the slowdown in the Chinese economy, the Company reduced procurement prices, secured stable production volume and concluded a transaction involving a large volume of resale products. The recycling business reduced its operating loss from ¥45.448 million to ¥7.275 million. - FY2024-Q3RestatedAnnual report
「In the recycling business during the cumulative third quarter of the current consolidated fiscal year, the supply-demand environment in the recycling market, particularly in China, deteriorated, but the Company worked to reduce procurement prices and secure stable production and sales volumes. In addition, the conclusion of a transaction involving a large volume of resale products in the first consolidated quarter accounting period enabled the business to achieve operating profitability on a segment basis.」
Despite deterioration in supply and demand, particularly in China, the Company reduced procurement prices and secured stable production and sales volumes, maintaining operating profitability in the recycling business on a segment basis. - FY2024-Q2AdvancedAnnual report
「In the recycling business during the cumulative second quarter of the current consolidated fiscal year, the supply-demand environment in the recycling market, particularly in China, deteriorated, but the Company worked to reduce procurement prices and secure stable production and sales volumes. In addition, the conclusion of a transaction involving a large volume of resale products in the first quarter accounting period enabled the business to achieve operating profitability on a segment basis.」
Despite deterioration in supply and demand, particularly in China, the Company reduced procurement prices and secured stable production and sales volumes. The conclusion of a transaction involving a large volume of resale products also contributed, and the recycling business turned from an operating loss to operating profit of ¥10.729 million. - FY2024-Q1AdvancedAnnual report
「In the recycling business during the cumulative first quarter of the current consolidated fiscal year, both production and sales performed well. In addition, earnings improved substantially following the conclusion of a transaction involving a large volume of resale products, and the business achieved operating profitability on a segment basis. As a result, sales in the recycling business for the cumulative first quarter amounted to ¥74.033 million, up 134.7% year on year, and operating profit was ¥19.777 million, compared with an operating loss of ¥7.365 million in the same quarter of the previous year.」
Production and sales performed well, and the recycling business turned from an operating loss in the same period of the previous year to operating profit of ¥19.777 million following the conclusion of a transaction involving a large volume of resale products. - FY2023AdvancedAnnual report
「In the recycling business, which was newly launched in the previous consolidated fiscal year, the temporary decline in production volume caused by a malfunction in production equipment during the first quarter accounting period led to deterioration in business earnings. However, stable production continued from the second quarter accounting period onward and shipment volume was recovering. Regarding sales, the Company improved its sales portfolio by shifting its focus from shipments to China, previously its main destination, to developing domestic customers and increasing the proportion of sales to domestic companies, including major plastic molding manufacturers.」
From the second quarter onward, following the equipment malfunction, the Company moved to stable production and recovery in shipment volume and shifted its customer base from China-focused sales to major domestic plastic molding manufacturers and others. However, the full-year operating loss was ¥45.448 million. - FY2023-Q3AdvancedAnnual report
「In the recycling business, which was newly launched in the previous consolidated fiscal year, production volume temporarily declined in the first quarter accounting period because of a malfunction in production equipment, but stable production continued from the second quarter accounting period onward and shipment volume was recovering. Sales were affected by the severe economic downturn in China, previously the main destination, resulting in a substantial decline in sales volume. Going forward, the Company will focus on developing domestic customers by reviewing its sales portfolio and began sales to major domestic plastic molding manufacturers from the third quarter accounting period.」
Although the Company moved to stable production and recovery in shipment volume from the second quarter onward after the equipment malfunction, sales volume declined substantially because of the economic downturn in China. Sales to major domestic plastic molding manufacturers began in the third quarter, and the Company proceeded with shifting its customer base. - FY2023-Q2AdvancedAnnual report
「In the recycling business, which was newly launched in the previous consolidated fiscal year, production volume fell sharply in the first quarter accounting period because of a malfunction in production equipment, but stable production has continued from the second quarter accounting period onward. Going forward, the Company will focus on developing domestic customers by reviewing its sales portfolio and plans to begin a contract for a major domestic plastic molding manufacturer in November 2022.」
Following the decline in production caused by equipment malfunctions in the first quarter, production continued smoothly from the second quarter onward. In response to lower sales to China, the Company developed domestic customers and planned to begin a contract for a major molding manufacturer from November 2022. - FY2023-Q1Full-scale production and sales targets remained unmet, and challenges continued.Annual report
「The recycling business, newly launched in the previous consolidated fiscal year, faced challenges including delays in securing the labor required for increased production and difficulties in shipping due to lockdowns in other countries. Although it has not yet reached full-scale production and sales, the Company expects it to generate earnings comparable to those of the spinning business in the current consolidated fiscal year.」
The recycling business has not reached full-scale production and sales because of delays in securing personnel for increased production and difficulties in shipping caused by overseas lockdowns. Meanwhile, the target of generating earnings comparable to those of the spinning business in the current consolidated fiscal year remains unchanged. - FY2022AdvancedAnnual report
「In January 2021, the Group formulated a new medium-term management plan covering the fiscal years ending March 2022 through March 2024 and is implementing the following measures. In the recycling business, using funds raised through the third-party allotment conducted in the current fiscal year, the Group will introduce new equipment in-house and acquire the business foundations of other companies through M&A, with the aim of strengthening the business as a second core business alongside the spinning business.」
The recycling business progressed through the acquisition of the Kakegawa operation, the conversion of Kanai Sangyo into a wholly owned subsidiary, and the installation and start of production of equipment at the head office factory. Net sales amounted to ¥104.931 million, but the earnings business plan was not achieved because of delays in securing personnel for increased production. - FY2022-Q3AdvancedAnnual report
「In the recycling business, the Company acquired a new production site in Kakegawa City, Shizuoka Prefecture, through a business transfer in September 2021. Production in the plastic recycling business using waste flexible intermediate bulk container bags performed well, contributing to higher net sales. The Company also installed recycling equipment at its head office factory, began processing and production in December 2021, and planned to begin shipments in January 2022.」
The recycling business acquired a production site in Kakegawa City, and production using waste flexible intermediate bulk container bags performed well. Processing and production also began at the head office factory, leading to shipments scheduled for January of the following year. - FY2022-Q2AdvancedAnnual report
「In the recycling business, we acquired a new production base in Kakegawa, Shizuoka Prefecture, through a business acquisition in September 2021. As production in the plastic recycling business using waste from flexible container bags has been strong, we expect it to contribute to earnings from the second half of the fiscal year.」
The recycling business acquired a production site in Kakegawa City through a business transfer, began production using waste flexible intermediate bulk container bags, and reached the stage where it expected to contribute to earnings from the second half of the year. - FY2022-Q1AdvancedAnnual report
「Although the recycling business had not yet generated specific sales, the 3 months were spent laying the groundwork for the future business model and preparing for the next quarter by developing suppliers mainly in the 3 Hokuriku prefectures, hiring personnel and promoting capital investment.」
Although no sales had yet been recognized, the Company developed suppliers mainly in the 3 Hokuriku prefectures, hired personnel and invested in equipment, making progress in establishing the foundation of the business model. - FY2021RestatedAnnual report
「In the recycling business, we aim to make a full-scale market entry by introducing our own recycling facilities and through M&A.」
The policy of introducing in-house equipment and making a full-scale market entry through M&A continued in the recycling business. - FY2021-Q3AdvancedAnnual report
「In January 2021, we formulated a new medium-term management plan covering the fiscal years ending March 2022 through March 2024. Alongside efforts to strengthen the Spinning Business and Textile Business, we are promoting initiatives to launch a plastic-waste recycling business, beginning with the healthcare business as a new business, and working to improve performance.」
The recycling business became more specific, moving from the previous policy of launching the business to efforts to commence operations targeting textile waste and engineering plastics. - FY2021-Q2First statedAnnual report
「② Launch of the recycling business」
The launch of the recycling business was first expressly identified as one of the uses of funds raised through the rights offering.