Expanding production capacity through the Tsukuba Plant expansion
First written in FY2016. 14 of 33 entries say "Restated". Latest entry: 2026-04-13.
127 other companies' latest entry also says "Advanced".
- 2026-04-13AdvancedEarnings
「While focusing on increasing order levels toward full utilization of the production capacity achieved through the third-stage expansion of the Tsukuba Plant, completed in 2019, we acquired the following fixed assets as our third domestic production site in order to expand production capacity and achieve further growth.」
In addition to the existing Tsukuba Plant expansion, the company gave concrete form to the acquisition of fixed assets for the Komoro Plant as its third domestic production site. - FY2026-H1Capacity utilization has declined following the slowdown in order momentumAnnual report
「Partly due to the impact of the wave of new-product orders from domestic and overseas cosmetics manufacturers and large orders following the end of the COVID-19 pandemic in the previous consolidated fiscal year subsiding, net sales fell 16.6% year on year to ¥5,743 million. In terms of earnings, various expenses related to the Tsukuba Plant’s Phase 3 expansion and other projects remained elevated, while raw material, labor and other costs also rose due to inflation. As utilization of the production facilities declined along with order levels, the company continued efforts to reduce various costs, but operating income fell 61.6% year on year to ¥192 million.」
Utilization of the expanded facilities declined as the wave of orders and large orders subsided. However, the company also states that utilization was beginning to recover against a backdrop of recovering orders. - FY2025-H1Softening after utilization improvedAnnual report
「For the group, orders from domestic and overseas cosmetics manufacturers increased, particularly in Japan, where a wave of orders for new products ahead of launches following the end of the COVID-19 pandemic and the acquisition of large orders drove higher utilization of the production facilities created through capital investment including Phase 3 of the Tsukuba Plant expansion. However, the wave of orders for new products has paused and subsided, and plant utilization has temporarily weakened.」
While utilization of the expanded production facilities improved due to higher orders and large orders, the wave of new-product orders paused and plant utilization temporarily weakened. - FY2025-Q1AdvancedAnnual report
「For the group, orders from domestic and overseas cosmetics manufacturers were recovering and increasing, and utilization of the production facilities created through capital investment including Phase 3 of the Tsukuba Plant expansion was improving, aided recently by the acquisition of large orders.」
Utilization of the production facilities created through Phase 3 of the expansion and other projects has improved amid the recovery in orders, including large orders. - FY2024-Q3AdvancedAnnual report
「For the group, orders from domestic and overseas cosmetics manufacturers were recovering, and utilization of the production facilities created through capital investment including Phase 3 of the Tsukuba Plant expansion has been steadily improving.」
The company states that utilization of the production facilities created through Phase 3 of the Tsukuba Plant expansion and other projects has been steadily improving as orders recover. - FY2024-Q2AdvancedAnnual report
「Utilization of the production facilities created through capital investment including Phase 3 of the Tsukuba Plant expansion has been steadily improving.」
The company states that utilization of the production facilities created through Phase 3 of the expansion and other projects has been steadily improving from its previously underutilized state. - FY2024-Q1RestatedAnnual report
「The company has continued to be unable to fully utilize the production capacity created through capital investment including Phase 3 of the Tsukuba Plant expansion.」
While the production capacity created through Phase 3 of the Tsukuba Plant expansion and other projects has been established, orders remain below pre-pandemic levels and the company has continued to be unable to fully utilize the capacity. - FY2023RestatedAnnual report
「For the group, orders from domestic and overseas cosmetics manufacturers were recovering, but remained significantly below pre-pandemic levels, and the company continued to be unable to fully utilize the production capacity created through capital investment including Phase 3 of the Tsukuba Plant expansion.」
The production capacity created through Phase 3 of the Tsukuba Plant expansion has been established, but orders remain below pre-pandemic levels and the company has continued to be unable to fully utilize the capacity. - FY2023-Q3RestatedAnnual report
「Due to the prolonged impact of COVID-19, currently in its eighth wave, the company has continued to be unable to fully utilize the production capacity created through capital investment including Phase 3 of the Tsukuba Plant expansion and has continued to be forced to operate in a challenging environment.」
The company has continued to be unable to fully utilize the production capacity created through Phase 3 of the Tsukuba Plant expansion and other projects, even amid the impact of the eighth wave of infections. - FY2023-Q2RestatedAnnual report
「Due to the prolonged impact of COVID-19, currently in its seventh wave, the company has continued to be unable to fully utilize the production capacity created through capital investment including Phase 3 of the Tsukuba Plant expansion」
The company states that the production capacity created through Phase 3 of the Tsukuba Plant expansion and other projects has continued to be underutilized. - FY2023-Q1RestatedAnnual report
「The company has continued to be unable to fully utilize the production capacity created through capital investment including Phase 3 of the Tsukuba Plant expansion, and is being forced to operate in a challenging environment.」
The production capacity created through Phase 3 of the Tsukuba Plant expansion and other projects has been established, but the company has continued to be unable to fully utilize it even as signs of recovery in orders emerge. - FY2022ReframedAnnual report
「Against this backdrop, the new “Mid-Term Business Strategy Vision (2022-2026)” sets out “rebuilding the business foundation for recovery from COVID-19 and future growth,” with “strengthening and expanding products that are competitive strengths,” “actively pursuing clean beauty,” and “transitioning to a high-profitability business structure” as its priority strategies. ③ Transition to a high-profitability business structure • Full utilization of capacity expanded through Tsukuba Phase 3 and other projects • Flexible operation of facilities in line with production demand」
The new 2022–2026 plan shifts the focus from capacity expansion through conventional plant expansion to full utilization of expanded facilities and facility operation aligned with demand. - FY2022-Q3Unutilized expanded capacity and the impact of the plant closureAnnual report
「The company has continued to be unable to fully utilize the production capacity created through Phase 3 of the Tsukuba Plant expansion and capital investment at overseas subsidiaries as part of its “production capacity expansion” initiatives, and was forced to close the Suita Plant in August 2021.」
While the expansion and capital investment have completed the production capacity buildout, the company states that weak demand has left it unable to fully utilize that capacity and led to the closure of the Suita Plant. - FY2022-Q2RestatedAnnual report
「As various expenses increased in connection with the completion of Phase 3 of the Tsukuba Plant expansion, net sales declined」
Phase 3 of the expansion remains completed, but various expenses associated with its completion and other factors continue to affect results. - FY2022-Q1RestatedAnnual report
「As various expenses increased in connection with the completion of Phase 3 of the Tsukuba Plant expansion, net sales declined」
Phase 3 of the expansion remains completed, but various expenses associated with its completion and other factors continue to affect results. - FY2021AdvancedAnnual report
「Capital investment during the current consolidated fiscal year amounted to ¥1,798 million, mainly for renovation work on Building 2 of the Tsukuba Plant, acquisition of land for a warehouse at the Tsukuba Plant, and investment in production facilities and other equipment.」
Even after full operation began following Phase 3 of the expansion, the company made ¥1,798 million in capital investments, including renovation of Building 2 of the Tsukuba Plant, acquisition of warehouse land and investment in production facilities. - FY2021-Q3RestatedAnnual report
「In terms of earnings, operating loss was ¥414 million, due to the sharp decline in net sales and higher various expenses associated with completion of Phase 3 of the Tsukuba Plant expansion」
While Phase 3 of the expansion remains completed and operational, various expenses associated with its completion continue to affect results. - FY2021-Q2RestatedAnnual report
「At its domestic sites, the company focused on reducing various costs while operations remained sluggish due to a decline in orders caused by the spread of COVID-19 shortly after production capacity was expanded.」
Initiatives premised on the increased production capacity following Phase 3 of the expansion continue, but utilization remains sluggish due to lower demand and orders. - FY2021-Q1RestatedAnnual report
「In September 2019, Phase 3 of the Tsukuba Plant expansion, a key initiative to “strengthen production capacity,” was completed and the plant became fully operational.」
The company reconfirmed the completion and full-scale operation of Phase 3 of the expansion, previously announced for the prior fiscal year, as full operation beginning in September 2019. - FY2020AchievedAnnual report
「Phase 3 of the Tsukuba Plant expansion, a key initiative to “strengthen production capacity,” was completed during the third quarter of the current consolidated accounting period, and full-scale operations began.」
Phase 3 of the expansion progressed from the start of production in some processes in the previous quarter to full-scale operations. - FY2020-Q3AchievedAnnual report
「Phase 3 of the Tsukuba Plant expansion, a key initiative to “strengthen production capacity,” was completed during the third quarter of the current consolidated accounting period, and production began in some processes. Going forward, the company will continue working toward full-scale operations.」
Phase 3 of the expansion was completed during the quarter, and production began in some processes. While the key milestone of construction completion was reached, full-scale operations remain a future objective. - FY2020-Q2RestatedAnnual report
「“Strengthening production capacity” through Phase 3 of the Tsukuba Plant expansion and other initiatives currently under way」
The company states that it continues to strengthen production capacity through Phase 3 of the Tsukuba Plant expansion, but gives no new milestone such as completion. - FY2020-Q1RestatedAnnual report
「In terms of earnings, operating income fell 8.2% year on year to ¥175 million, partly due to higher upfront expenses for expanding production after Phase 3 of the Tsukuba Plant expansion」
The company states that upfront expenses have arisen in preparation for expanding production after Phase 3 of the expansion, but gives no new milestone such as completion of the construction. - FY2019-Q3AdvancedAnnual report
「For Phase 3 of the Tsukuba Plant expansion, the core of its “strategic growth investment,” construction commenced in September (as disclosed on 21 August 2018 in “Notice Regarding the Acquisition of Fixed Assets (Phase 3 of the Tsukuba Plant Expansion) and Borrowing of Funds”). Planned investment amount: total 3,400,000; amount already paid: 347,841; internal funds and borrowings; September 2018; September 2019; 1.5 times」
Phase 3 of the expansion actually commenced construction in September 2018, with a plan for total investment of ¥3.4 billion, funding through internal funds and borrowings, completion in September 2019, and production capacity of 1.5 times the previous level after completion. - FY2019-Q2AdvancedAnnual report
「For Phase 3 of the Tsukuba Plant expansion, the core of its “strategic growth investment,” the company made an institutional decision to commence construction (as disclosed on 21 August 2018 in “Notice Regarding the Acquisition of Fixed Assets (Phase 3 of the Tsukuba Plant Expansion) and Borrowing of Funds”) and began construction」
Phase 3 of the expansion progressed to an institutional decision to commence construction and the actual start of construction. The plan was specified as total planned investment of ¥3,400 million, construction start in September 2018, completion in September 2019, and a 1.5-fold increase in capacity after completion. - FY2019-Q1AdvancedAnnual report
「The company began considering implementation of Phase 3 of the Tsukuba Plant expansion, the core of its “strategic growth investment.”」
For Phase 3 of the Tsukuba Plant expansion following Phase 2, the company stated that it had begun considering implementation, making the next stage of production capacity expansion more concrete. - FY2018AdvancedAnnual report
「• Addition of filling, finishing and packaging lines and construction of a warehouse building (Phase 2 of the Tsukuba expansion, operational from May 2017) • Installation of bulk manufacturing equipment and BCP measures (Phase 3 of the Tsukuba expansion)」
The company confirmed that Phase 2 of the expansion began operations in May 2017 and identified bulk manufacturing equipment and BCP measures as the next phase of investment under Phase 3 of the expansion. - FY2018-Q3RestatedAnnual report
「The domestic contract cosmetics manufacturing market remained firm, supported by increased outsourcing by domestic cosmetics manufacturers and inbound and outbound demand for “made-in-Japan cosmetics,” which are popular in Asia and the ASEAN region. Against this backdrop, particularly with makeup products currently driving growth in the cosmetics market, the company secured orders from a broad range of customers, and as a result, net sales remained above the initial forecast. Operating income also remained above the initial forecast, but declined year on year due to higher depreciation expenses following completion of Phase 2 of the Tsukuba Plant expansion and increased outsourcing amid tight labor supply and demand.」
Phase 2 of the expansion continues to affect results through the depreciation burden following completion, with no progress such as the completion of a new expansion reported. - FY2018-Q2RestatedAnnual report
「Operating income fell 27.6% year on year to ¥412 million, due mainly to higher depreciation and related expenses following completion of Phase 2 of the Tsukuba Plant expansion.」
The company states that depreciation and related expenses increased after completion of Phase 2 of the expansion, affecting earnings. - FY2018-Q1AdvancedAnnual report
「Of the major facilities planned for installation at the end of the previous consolidated fiscal year, those completed during the first quarter of the current consolidated cumulative fiscal period are as follows. Company: The company; facility: Tsukuba Plant; location: Tsukuba, Ibaraki Prefecture; segment: Japan; facility details: production facilities and other facilities; completion: May 2017」
The installation of production facilities and other facilities at the Tsukuba Plant was completed in May 2017. Specific progress in completing Phase 2 of the expansion can be confirmed. - FY2017AdvancedAnnual report
「Phase 2 of the Tsukuba Plant expansion completed.」
Phase 2 of the Tsukuba Plant expansion was completed, and the company plans to install bulk manufacturing equipment and implement BCP measures as Phase 3 of the expansion. - FY2017-Q1AdvancedAnnual report
「This capital investment is being undertaken, based on this policy, as Phase 2 of the Tsukuba Plant expansion, for the purpose of adding filling, finishing and packaging lines and installing ancillary facilities. Planned investment: ¥1 billion; planned construction start: August 2016; planned completion: April 2017; planned start of operations: June 2017」
The plan to gradually expand the Tsukuba Plant into an integrated production facility progressed, as Phase 2, to a specific capital investment plan with an investment amount, construction period and operating schedule. - FY2016First statedAnnual report
「Using full utilization of the Tsukuba Plant as a lever for growth, we will further strengthen proposal-based sales by reorganizing the organizational structures of the sales and R&D divisions.」
The Company planned to use full utilization of the Tsukuba Plant as a lever for growth, while expanding production capacity through further investment.