Basic policy of limiting capital expenditures to depreciation expense
First written in FY2016. 7 of 16 entries say "Advanced", first in FY2020-Q1. Latest entry: 2026-08-07.
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- FY2025Reduction in the capital expenditure plan for the following fiscal yearAnnual report
「Acquisitions of property, plant and equipment and intangible assets by the Group during the consolidated fiscal year, or capital expenditures, totaled ¥62.8 billion, up ¥4.6 billion from the previous consolidated fiscal year. For the following consolidated fiscal year, the fiscal year ending March 2026, the Group plans total capital expenditures of approximately ¥44.0 billion.」
Capital expenditures for the fiscal year increased to ¥62.8 billion, while the plan for the following fiscal year was reduced to approximately ¥44.0 billion, with a focus on offline coating equipment in Japan and automotive glass bending equipment in the United States. - FY2024RaisedAnnual report
「For the following consolidated fiscal year, the fiscal year ending March 2025, the Group plans total capital expenditures of approximately ¥63.0 billion, including the cost of converting one of its float lines in the United States to produce solar-panel glass as part of its architectural glass business.」
The capital expenditure plan for the following fiscal year was increased to approximately ¥63.0 billion from the previous plan of approximately ¥48.0 billion. It includes the conversion of a US float line to solar-panel glass production. - FY2023RaisedAnnual report
「For the following consolidated fiscal year, the fiscal year ending March 2024, the Group plans total capital expenditures of approximately ¥48.0 billion, including the cost of converting a float line in Malaysia to produce solar-panel glass as part of its architectural glass business.」
The capital expenditure plan for the following fiscal year was increased to approximately ¥48.0 billion from the previous plan of approximately ¥40.0 billion. It includes the conversion of the Malaysian furnace to solar-panel glass production. - FY2022Update to the capital expenditure plan for the following fiscal yearAnnual report
「Acquisitions of property, plant and equipment and intangible assets by the Group during the consolidated fiscal year, or capital expenditures, totaled ¥28.6 billion, down ¥14.7 billion from the previous consolidated fiscal year. For the following consolidated fiscal year, the fiscal year ending March 2023, the Group plans total capital expenditures of approximately ¥40.0 billion, including the addition of a float furnace in Argentina for its architectural glass business.」
Capital expenditures for the fiscal year declined by ¥14.7 billion year on year to ¥28.6 billion, and capital expenditures of approximately ¥40.0 billion are planned for the following fiscal year. - FY2021AdvancedAnnual report
「Acquisitions of property, plant and equipment and intangible assets by the Group during the consolidated fiscal year, or capital expenditures, totaled ¥43.3 billion, down ¥23.6 billion from the previous consolidated fiscal year. For the following consolidated fiscal year, the fiscal year ending March 2022, the Group plans total capital expenditures of approximately ¥29.0 billion.」
Capital expenditures were reduced by ¥23.6 billion from the previous fiscal year to ¥43.3 billion, and the capital expenditure plan for the following fiscal year was updated to approximately ¥29.0 billion. - FY2021-Q3Progress in cash management, including investment reductionsAnnual report
「Free cash flow has improved from negative ¥49.3 billion in the same period of the previous year, through measures including strict working capital management and reductions in investment.」
The Company cited strict working capital management and investment reductions as measures contributing to the narrowing of the free cash flow deficit. - FY2021-Q2AdvancedAnnual report
「Construction of a float furnace for solar-panel glass in North America is progressing toward the start of operations in mid-November.」
The Company disclosed that construction of the float furnace for solar-panel glass in North America is progressing toward the start of operations in mid-November. - FY2021-Q1AdvancedAnnual report
「Construction of a float furnace for solar-panel glass in North America is progressing toward completion by the end of calendar 2020, as originally planned. However, investment in the addition of a float furnace for architectural glass in Argentina has been temporarily suspended.」
Regarding strategic investments, construction of the solar-panel glass furnace in North America is progressing toward completion by the end of 2020, while the investment in expansion in Argentina remains suspended. - FY2020Continuation of strategic investments and partial suspensionAnnual report
「In the following consolidated fiscal year, the fiscal year ending March 2021, the Group’s capital expenditure plan includes construction of a solar-panel glass plant in the United States, as part of its architectural glass business. New investment in the addition of a float furnace in Argentina, also part of the architectural glass business and a strategic investment, has been temporarily suspended in light of the challenging business environment.」
While maintaining its basic policy of keeping recurring investments within depreciation and amortization expense, the Group continued construction of the US plant and temporarily suspended the addition of the float furnace in Argentina. - FY2020-Q3AdvancedAnnual report
「Cash flow from investing activities was negative ¥44.7 billion, including ¥45.0 billion in expenditures for the acquisition of property, plant and equipment. Capital expenditures increased as strategic investment projects in the United States, Vietnam and Argentina progressed as scheduled.」
As strategic investments in the United States, Vietnam and Argentina progressed as scheduled, expenditures for the acquisition of property, plant and equipment totaled ¥45.0 billion for the first nine months. - FY2020-Q2AdvancedAnnual report
「Cash flow from operating activities for the first six months of the fiscal year was positive ¥1.4 billion. Cash flow from investing activities was negative ¥30.2 billion, including ¥31.1 billion in expenditures for the acquisition of property, plant and equipment. Capital expenditures increased as strategic investment projects in the United States, Vietnam and Argentina progressed as scheduled.」
As strategic investments in the United States, Vietnam and Argentina progressed as scheduled, expenditures for the acquisition of property, plant and equipment totaled ¥31.1 billion for the first six months. - FY2020-Q1AdvancedAnnual report
「Cash flow from investing activities was negative ¥16.7 billion, including ¥19.1 billion in expenditures for the acquisition of property, plant and equipment. Capital expenditures increased as strategic investment projects in the United States, Vietnam and Argentina progressed as scheduled.」
As strategic investment projects in the United States, Vietnam and Argentina progressed as scheduled, expenditures for the acquisition of property, plant and equipment totaled ¥19.1 billion in the first quarter. - FY2019Expansion of the capital expenditure plan through strategic investmentsAnnual report
「In the following consolidated fiscal year, the fiscal year ending March 2020, the Group plans capital expenditures of ¥90.0 billion. Of this amount, approximately ¥60.0 billion is earmarked for strategic investments, including increased production of solar-panel glass in the United States and Vietnam and the addition of a float furnace in Argentina.」
While maintaining its basic policy of keeping recurring investments within depreciation and amortization expense, the Group planned capital expenditures of ¥90.0 billion for the fiscal year ending March 2020, including approximately ¥60.0 billion in strategic investments. - FY2016First statedAnnual report
「The Group will continue to operate on the basic policy of keeping capital expenditures at or below depreciation and amortization expense.」
The Company has stated a policy of managing capital expenditures within depreciation and amortization expense, with a focus on financial sustainability and cash generation.