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Nittoku (6145) · InitiativeSale of head office property and relocation within the same ward

Relocation of Head Office and Establishment of Research and Development Functions

First written in FY2019-Q2. 1 of 5 entries say "Advanced", first in FY2019-Q3. Latest entry: FY2026.

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ProgressHeldSoftenedWorseAchievedFY20202018: 12019: 220192020: 120202021: 020212022: 020222023: 020232024: 020242025: 020252026: 12026
Same theme, other companies
Relocation of Head Office and Establishment of Research and Development FunctionsA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

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  1. FY2026Sale of head office property and relocation within the same wardAnnual report

    「The head office real estate was sold, and the head office was relocated within the same ward.」

    After relocating to the new Omiya head office and establishing research and development functions, the company sold the head office real estate and relocated the head office within the same ward.
  2. FY2020AchievedAnnual report

    「August 2019: The corporate name was changed to NITTOKU CO.,LTD., and the head office was relocated to Omiya Ward, Saitama City, Saitama Prefecture. The Tokyo Technology Development Center was established.」

    The relocation to the new Omiya head office and the establishment of the Tokyo Technology Development Center are listed as milestones in the company's history.
  3. FY2019RestatedAnnual report

    「The company acquired the new Omiya head office on 23 October 2018 and plans to relocate its head office functions on 17 August 2019.」

    The acquired status of the new head office and the planned relocation of head office functions on 17 August 2019 have been reconfirmed in the property information.
  4. FY2019-Q3AdvancedAnnual report

    「As previously disclosed, we are proceeding with the relocation of the head office, including the expansion of its research and development functions, scheduled for August this year, the expansion of the Fukushima plant, scheduled for completion in November this year, and the expansion of the Nagasaki plant, completed in December last year.」

    For the acquired head office property, the company presented a schedule for the planned head office relocation in August of the current year and the expansion of R&D functions, advancing the plan to the implementation stage.
  5. FY2019-Q2First statedAnnual report

    「As part of this initiative, the company is expanding its Fukushima and Nagasaki facilities. It has also decided to acquire property within walking distance of Omiya Station, which is more convenient, and relocate its head office and sales functions from its currently leased head office building in Minami Ward, Saitama, in order to secure outstanding personnel, improve design and development capabilities, and stabilise its long-term financial base. By newly establishing R&D functions, the company aims to create a structure for more efficient business development and improve productivity. The cost of acquiring the property is expected to be funded entirely with the company's own funds.」

    The company announced a plan to relocate its head office and sales functions within walking distance of Omiya Station and newly establish R&D functions to secure outstanding personnel, improve design and development capabilities and productivity, and stabilise its financial base. The total investment, including construction costs, was approximately ¥2.3 billion, and delivery of the property was completed on 23 October 2018.
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