Construction and production capacity expansion at the CFCC Kitakami Plant
First written in FY2018. 1 of 4 entries say "Advanced", first in FY2019. Latest entry: FY2021.
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- FY2021MaterialisedAnnual report
「For certain asset groups in the development products business of the Group, indicators of impairment were identified for fixed assets due to delays in orders. Their carrying amounts were reduced to recoverable amounts, and the resulting reduction was recorded as an impairment loss under extraordinary losses. The breakdown was ¥113 million for buildings and structures, ¥85 million for machinery and equipment, and ¥60 million for other assets.」
An impairment loss of ¥258 million was recorded on development products-related assets, including the CFCC Kitakami Plant and assets in Almaty, Kazakhstan, due to delays in orders. - FY2020Impairment loss incurred due to delays in ordersAnnual report
「For certain asset groups in the development products business of the Group, indicators of impairment were identified for fixed assets due to delays in orders. Their carrying amounts were reduced to recoverable amounts, and the resulting reduction was recorded as an impairment loss under extraordinary losses.」
An impairment loss of ¥1,775 million was recorded on operating assets related to development products, including the CFCC Kitakami Plant, due to delays in orders. - FY2019AdvancedAnnual report
「The segment loss was ¥737 million, compared with a loss of ¥401 million in the previous consolidated fiscal year, due to expenses incurred to establish the business infrastructure, including the launch of the CFCC Kitakami Plant.」
The CFCC Kitakami Plant entered the start-up phase, and business infrastructure establishment costs were recorded as a factor behind full-year losses related to development products. - FY2018First statedAnnual report
「For TOKYO ROPE MFG.CO.,LTD's CFCC Kitakami Plant in Kitakami, Iwate Prefecture: total planned investment of ¥1,497 million, amount already paid of ¥557 million, construction started in June 2017, completion scheduled for June 2018, and CFCC production capacity expansion of 3,500 km per year.」
For the construction of the CFCC manufacturing plant, the company disclosed specific figures for the first time regarding the investment amount, amount already paid, scheduled start and completion dates, and the amount of additional production capacity.