Expansion of production capacity through the construction of a new factory
First written in FY2022. 7 of 13 entries say "Advanced", first in FY2023-Q2. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026AdvancedAnnual report
「The Company will use the land and buildings it acquired in December 2025 for the construction of a product development site and other facilities (provisional name: Fukuura No. 2 Plant) to optimize its production structure and accelerate R&D aimed at improving product quality while reducing costs. In addition to the test tower at the head office plant, it also plans to construct a “Second Test Tower” on the site, with completion scheduled for the end of the fiscal year ending March 2029.」
In addition to starting operations at the Haga Plant, the Company acquired the site and buildings for the Fukuura No. 2 Plant and plans to complete the Second Test Tower by the end of the fiscal year ending March 2029, giving concrete form to the expansion of its production and development sites. - FY2026-H1AdvancedAnnual report
「Cash used in investing activities was ¥281.310 million, compared with ¥130.153 million used in the same period of the previous year. This was mainly due to ¥243.568 million in expenditure related to construction work and other costs for the Haga Plant (provisional name), which will paint panel components manufactured at the Utsunomiya Plant.」
Construction is progressing on the Haga Plant (provisional name), a new facility to expand production capacity, and related expenditure of ¥243.568 million has been recorded. - FY2025-H1AdvancedAnnual report
「Cash used in investing activities was ¥130.153 million, compared with ¥229.217 million used in the same period of the previous year. This was mainly due to ¥92.711 million in expenditure for the acquisition of tangible fixed assets in connection with the expansion and renovation of the Utsunomiya Plant.」
Expenditure of ¥92.711 million for the acquisition of tangible fixed assets in connection with the expansion and renovation of the Utsunomiya Plant was recognized, advancing the production capacity expansion plan to the investment execution stage. Completion of operations is not disclosed. - FY2024AdvancedAnnual report
「We established the Torihama Product Management Center and commenced operations in August 2023. We also plan to expand and renovate the existing Utsunomiya Plant and commence operations in September 2024.」
The Torihama Product Management Center has reached the completion and operations stage, while the plan to expand and renovate the Utsunomiya Plant has taken concrete form, with operations scheduled to commence in September 2024. - FY2024-Q3RestatedAnnual report
「We are primarily engaged in the manufacture, sale, installation, maintenance and repair of freight elevators. Amid the expansion of the e-commerce market, the increasing scale of logistics facilities and the reshoring of production bases, orders have remained firm. In response to persistently high material prices and rising prices for imported materials due to the weaker yen, we have switched some materials to domestic procurement and controlled costs through in-house production, while also working to expand production and installation capacity, including by commencing operations at the Torihama Product Management Center in August 2023.」
The company again reports the commencement of operations at the Torihama Product Management Center in August 2023 and the expansion of production and installation capacity, but no new facility completion or operations milestone is indicated for the current quarter. - FY2024-Q2AdvancedAnnual report
「We have also worked to expand production and installation capacity, including by commencing operations at the Torihama Product Management Center in August this year.」
In connection with the plant and production capacity expansion plan, the Torihama Product Management Center commenced operations in August 2023. As this does not indicate completion of all facilities included in the existing plan, it represents concrete progress rather than completion of the overall plan. - FY2023RestatedAnnual report
「Torihama Plant (provisional name): new construction cost of ¥846.590 million, amount already paid of ¥636.662 million, construction commencement in September 2022, and scheduled completion in September 2023. New plant: land acquisition cost of ¥1,500.000 million, new construction cost of ¥280.000 million, construction commencement in October 2023, and scheduled completion in September 2024.」
The company discloses the construction plans, investment amounts, commencement dates and scheduled completion dates for the Torihama Plant and the new plant. Construction of the Torihama Plant has commenced, but no new completion milestone is indicated. - FY2023-Q3RestatedAnnual report
「Total assets at the end of the third quarter were ¥12,338.524 million, compared with ¥12,022.374 million at the end of the previous fiscal year, an increase of ¥316.149 million. This was mainly due to increases of ¥524.494 million in raw materials and supplies, ¥365.418 million in other tangible fixed assets, net, primarily from the commencement of construction of the Torihama Plant (provisional name), and ¥236.818 million in work in progress, as well as decreases of ¥700.946 million in cash and deposits and ¥283.077 million in notes and accounts receivable and contract assets.」
The company again reports the increase in fixed assets resulting from construction of the Torihama Plant (provisional name), for which construction was confirmed to have commenced in the previous quarter. No additional milestone, such as the start of operations, is disclosed. - FY2023-Q2AdvancedAnnual report
「This was mainly due to increases of ¥313.747 million in work in progress, ¥300.419 million in raw materials and supplies, and ¥378.117 million in other tangible fixed assets, net, primarily from the commencement of construction of the Torihama Plant (provisional name), as well as decreases of ¥1,025.648 million in cash and deposits and ¥427.762 million in notes and accounts receivable and contract assets.」
Construction of the Torihama Plant (provisional name), which had been at the planning stage, was confirmed to have commenced, moving the new plant construction plan into the construction phase. - FY2022First statedAnnual report
「To improve production efficiency and meet customer needs, we plan to construct the Torihama Plant (provisional name) and a new plant, with operations targeted to commence in 2023 and 2024, respectively.」
Against a backdrop of rising demand from logistics facilities and an increase in orders, the company plans to construct and commence operations at the Torihama Plant and a new plant.