Capital investment to expand production capacity
First written in FY2017. 8 of 22 entries say "Advanced", first in FY2018-Q1. Latest entry: FY2025.
The whole theme swung hardest in 2019: 1 of 10 companies on the "Worse" side.
0 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「During the fiscal year, the company invested ¥68.639 million in equipment, primarily for its contract distillation business.」
The company continues to invest in equipment to expand production capacity and enhance and strengthen its research and development functions. As of the end of the fiscal year, there were no plans to install or dispose of any major equipment. - FY2024-Q2RestatedAnnual report
「Cash used in investing activities during the six months ended the second quarter was ¥36.439 million, compared with ¥71.471 million used in the same period of the previous year. The main factor was ¥29.569 million in expenditure for the acquisition of property, plant and equipment.」
The company continues to invest in equipment, recording ¥29.569 million in expenditure for the acquisition of property, plant and equipment, but does not disclose plans for completing new facilities or increasing capacity. - FY2024-Q1ReframedAnnual report
「Under these circumstances, based on the Three-Year Medium-Term Management Plan covering the fiscal years ending September 2024 through September 2026, announced on 9 November 2023, the Company is pursuing activities including (1) maintaining and improving performance through planned equipment renewals, (2) promoting overseas expansion through the development of products for export, and (3) creating new businesses by leveraging existing technologies and expertise, among others, and is working to enhance long-term corporate value.」
After stating that there were no plans to install new equipment following the removal of the continuous distillation unit, the new medium-term management plan identifies “maintaining and improving performance through planned equipment upgrades” as a key priority. - FY2023Removal of continuous distillation equipment completed; no new installation planAnnual report
「During the consolidated fiscal year, the company disposed of significant equipment worth ¥65.568 million, consisting of the removal of continuous distillation equipment at the Hirakata Plant.」
The policy of disposing of the continuous distillation equipment outlined in the previous fiscal year was implemented as an equipment disposal. Capital investment continued at ¥130.627 million, but the company stated that there were no plans for significant new equipment installation as of the end of the fiscal year. - FY2023-Q3ReframedAnnual report
「At a meeting of the Board of Directors held on 10 August 2023, the company resolved to dispose of its existing continuous distillation equipment, scheduled for completion in September 2023, as it moves to replace it with batch distillation equipment with stronger expected demand, taking into account changes in the business environment and the effective use of its limited site area while considering a new three-year medium-term management plan starting with the fiscal year ending September 2024. As a result, the company expects to record an estimated ¥67 million extraordinary loss on disposal of fixed assets in the fourth quarter of the current consolidated fiscal year.」
The equipment policy changed from one centered on expanding capacity and investing in the existing continuous distillation equipment to replacing it with batch distillation equipment, based on expected demand and site constraints. Disposal of the existing equipment was scheduled for completion in September 2023, and a ¥67 million loss on disposal of fixed assets was expected. - FY2023-Q2AdvancedAnnual report
「The main factors were a ¥22.339 million increase in net machinery, equipment and vehicles due to capital investment, offset by decreases of ¥13.494 million in deferred tax assets, ¥9.266 million in net buildings and structures, and ¥4.071 million in customer-related assets.」
The company continues capital investment, increasing net machinery, equipment and vehicles by ¥22.339 million. - FY2022-Q2AdvancedAnnual report
「The main factor was ¥71.371 million in expenditures for the acquisition of property, plant and equipment.」
The company spent ¥71.371 million on the acquisition of property, plant and equipment during the cumulative second quarter and continues capital investment. No new equipment completion or capacity increase target was reported. - FY2022-Q1RestatedAnnual report
「In terms of profit, depreciation and amortization increased due to capital investment, while personnel expenses increased as a result of investment in human resources with a view to the future, among other factors,」
The increase in depreciation expense associated with capital investment was cited as a factor contributing to lower profit. No new equipment completion or capacity increase target was reported. - FY2021AdvancedAnnual report
「The company made total capital investments of ¥258.980 million during the consolidated fiscal year. Major components included ¥51 million for the installation of analytical instruments and ¥23.750 million for the construction of a new laboratory in the Contract Distillation Business.」
The company made ¥258.980 million in capital investments to strengthen production equipment and research and development functions, including the installation of analytical instruments and construction of a new laboratory. - FY2021-Q2RestatedAnnual report
「Expenditures for the acquisition of property, plant and equipment: ¥15.478 million」
The company continues to acquire property, plant and equipment. No other major equipment milestone, such as completion of the continuous distillation column or a new capacity increase target, was reported. - FY2020-Q3RestatedAnnual report
「In terms of profit, personnel expenses increased due to the expansion of the workforce to strengthen the Plant Business, and depreciation expense increased due to the installation of new production equipment, including a continuous distillation column. However, the company worked to reduce expenses,」
The company continues to report an increase in depreciation expense associated with the installation of new production equipment, including the continuous distillation column. No new equipment completion or capacity increase target was reported. - FY2020-Q2RestatedAnnual report
「Cash used in investing activities during the cumulative second quarter of the current consolidated fiscal year was ¥45.131 million. The main factor was ¥41.049 million in expenditures for the acquisition of property, plant and equipment.」
The company continues to invest in property, plant and equipment, including production equipment. Expenditures for the acquisition of property, plant and equipment were ¥41.049 million. No new equipment completion or capacity increase target was reported. - FY2020-Q1RestatedAnnual report
「In terms of profit, personnel expenses increased due to stronger staffing aimed at strengthening the plant business, while depreciation and amortization increased due to the construction of new production facilities, including a continuous distillation column,」
The company reported that depreciation expense increased following the installation of production equipment, including the completed continuous distillation column. No new equipment completion or additional investment plans were reported. - FY2019RestatedAnnual report
「During the fiscal year, the company made total capital investments of ¥349.211 million, primarily in equipment related to the continuous distillation column.」
The company continued capital investment after completion of the continuous distillation column, bringing capital investment for the fiscal year to ¥349.211 million. It reported that there were no significant plans for new capital investment in the following fiscal year or beyond. - FY2019-Q3AchievedAnnual report
「At the end of the third quarter of the current fiscal year, property, plant and equipment increased by ¥243.398 million from the end of the previous fiscal year to ¥839.642 million. The main factors were increases of ¥169.267 million in net machinery and equipment and ¥74.314 million in net buildings and structures due to completion of the continuous distillation column and other factors. The equipment was completed in June 2019.」
The continuous distillation column, which had been scheduled for completion in June 2019, was completed. Increases in machinery and equipment and other assets were also reported. The previous plan called for a capacity increase of approximately 6% after completion. - FY2019-Q2Construction progress and plan changesAnnual report
「The main factor was a ¥69.327 million increase in construction in progress as construction of the continuous distillation column progressed.」
Construction of the continuous distillation column progressed, and construction in progress increased by ¥69.327 million. Meanwhile, the planned investment amount changed from ¥220 million to ¥291 million, and the scheduled completion date changed from March 2019 to June 2019. The planned capacity increase of approximately 6% after completion was maintained. - FY2019-Q1AdvancedAnnual report
「The main factor was a ¥36.481 million increase in construction in progress as construction of the continuous distillation column progressed.」
Construction of the continuous distillation column progressed, and construction in progress increased by ¥36.481 million, according to the company. - FY2018AdvancedAnnual report
「During the fiscal year, the company made total capital investments of ¥217.088 million, primarily in equipment related to contract processing. The planned investment in a continuous distillation column at the Hirakata Plant in Osaka Prefecture is ¥220 million, with work scheduled to begin in December 2017 and be completed in March 2019. Production capacity is expected to increase by approximately 6% after completion. Improvement work on equipment related to the distillation column is planned at an investment of ¥63 million, with work scheduled to begin in December 2018 and be completed in August 2019.」
The company made ¥217.088 million in capital investments and specified the investment amount, start date, scheduled completion date and capacity increase for the continuous distillation column and related equipment improvement work. - FY2018-Q3AdvancedAnnual report
「The main factors were a ¥60.748 million increase in construction in progress due to relocation and improvement work on the distillation column and other projects, and a ¥40.486 million increase in net buildings and structures due to the acquisition of a warehouse and other assets, despite a ¥23.614 million decrease in net machinery and equipment due to depreciation expense.」
Relocation and improvement work on the distillation column and the acquisition of a warehouse and other assets progressed, increasing construction in progress and buildings and structures by specific amounts. - FY2018-Q2AdvancedAnnual report
「Property, plant and equipment increased by ¥45.111 million from the end of the previous fiscal year to ¥530.528 million. The main factor was a ¥62.286 million increase in construction in progress due to relocation work on the distillation column and other projects, despite a ¥25.253 million decrease in net machinery and equipment due to depreciation expense.」
Relocation work on the distillation column and other projects progressed, increasing construction in progress by ¥62.286 million. Specific progress on capital investment aimed at expanding production capacity was reported. - FY2018-Q1AdvancedAnnual report
「The company actively invested in quality improvements, production capacity expansion and other areas.」
The company reported investments aimed at expanding production capacity and other objectives, as well as improvements to production equipment at its head office factory. No specific capacity increase rate or equipment completion was reported. - FY2017First statedAnnual report
「During the fiscal year, the company continued to make capital expenditures aimed at expanding production facilities and enhancing and strengthening its research and development capabilities.」
For the following fiscal year and beyond, the company plans to invest ¥220 million in a continuous distillation column from December 2017 to August 2018 and increase production capacity by approximately 6% after completion. It also plans to use the capital raised to fund safety-related equipment, a warehouse, analytical instruments and boiler replacements.