Expansion of wire rope and steel wire manufacturing facilities and company-wide integrated system renewal
First written in FY2017. 3 of 8 entries say "Advanced", first in FY2019. Latest entry: FY2025.
The whole theme swung hardest in 2021: 1 of 6 companies on the "Worse" side.
3 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「The Group made total capital expenditures of ¥2,194 million during the consolidated fiscal year.」
The Group made total capital expenditures of ¥2,194 million for facility renewal, productivity improvements and production capacity expansion, among other purposes. This included ¥1,166 million related to wire rope and steel wire, ¥394 million related to development products, and ¥173 million related to steel cord, among other investments. - FY2022AdvancedAnnual report
「東綱スチールコード株式会社 (Kitakami, Iwate) | Steel cord-related | Tire cord manufacturing facilities | 2,242 | 933 | Internal funds and borrowings | October 2019 | February 2023 | Cost reduction through higher productivity」
Payments made toward the tire cord manufacturing facilities increased to ¥933 million, and the investment to improve productivity and reduce costs, scheduled for completion in February 2023, remains ongoing. - FY2021Capital Investment Plan Updated AgainAnnual report
「東綱スチールコード株式会社 (Kitakami, Iwate) | Steel cord | Tire cord manufacturing facilities | 2,242 | 760 | Internal funds and borrowings | October 2019 | February 2023 | Cost reduction through higher productivity」
The tire cord manufacturing facilities plan was updated to total investment of ¥2,242 million, payments made to date of ¥760 million, and scheduled completion in February 2023, with the aim of improving productivity and reducing costs. - FY2020Capital expenditure plan updatedAnnual report
「東綱スチールコード株式会社 (Kitakami, Iwate) | Steel cord and tire cord manufacturing facilities | 2,319 | 222 | Internal funds and borrowings | October 2019 | December 2021 | Cost reduction through higher productivity」
The company disclosed a plan for tire cord manufacturing facilities involving total investment of ¥2,319 million, payments made to date of ¥222 million, and scheduled completion in December 2021, with the aim of reducing costs through higher productivity. - FY2020-Q3Depreciation burden from strategic investments emergesAnnual report
「Operating profit was ¥868 million, down 18.9% year on year, mainly due to higher depreciation and amortization expenses associated with strategic investments, including IT systems and plant refurbishment.」
In addition to IT systems, plant refurbishment investments were identified as strategic investments, and higher depreciation and amortization expenses from these investments became a factor behind the 18.9% year-on-year decline in operating profit. - FY2020-Q1Cost impact of rationalization investment emergesAnnual report
「Operating profit was ¥334 million, down 25.3% year on year, mainly due to higher depreciation and amortization expenses associated with rationalization investments at domestic plants and other factors.」
Higher depreciation and amortization expenses associated with rationalization investments at domestic plants emerged as a factor behind lower operating profit in the wire rope and steel wire business. - FY2019AdvancedAnnual report
「東綱スチールコード株式会社 (Kitakami, Iwate) | Steel cord and tire cord manufacturing facilities | 1,978 | 284 | Internal funds and borrowings | June 2018 | March 2020 | Cost reduction through higher productivity」
The company disclosed a plan for tire cord manufacturing facilities involving total investment of ¥1,978 million, payments made to date of ¥284 million, and scheduled completion in March 2020, with the aim of reducing costs through higher productivity. - FY2017First statedAnnual report
「The planned total investment in wire rope manufacturing facilities is ¥208 million. Work began in July 2015 and is scheduled for completion in March 2018, with the aim of increasing production capacity for elevator and construction machinery ropes. Renewal of the company-wide integrated steel wire and wire rope system involves planned total investment of ¥430 million. Work began in July 2015 and is scheduled for completion in March 2018.」
The company disclosed the investment amount, start date and scheduled completion date for the wire rope production capacity expansion and company-wide integrated system renewal.