Komori
Kaji Technology (6391) · InitiativeP2G development activities reach a major milestone and research expenses decline

Research and development of high-pressure and environmentally responsive technologies

First written in FY2016. 12 of 22 entries say "Advanced", first in FY2017. Latest entry: 2026-11-10.

22entries
11years
3from disclosures
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ProgressHeldSoftenedWorseAdvancedFY2017 – FY20192016: 120162017: 120172018: 120182019: 120192020: 220202021: 320212022: 220222023: 220232024: 220242025: 220252026: 52026
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  1. FY2027-H1P2G development activities reach a major milestone and research expenses declineAnnual report

    「The Company is currently developing hydrogen compressors and other equipment for large-scale P2G systems as a member of the Yamanashi Hydrogen Energy Society (H2-YES), led by the Yamanashi Prefectural Enterprise Bureau. Research and development expenses have declined significantly year on year because these development activities reached a major milestone in the previous fiscal year.」

    Development of hydrogen compressors and other equipment for large-scale P2G systems through H2-YES is continuing, but the development activities reached a major milestone in the previous fiscal year, resulting in a significant year-on-year decline in research and development expenses.
  2. 2026-07-31SoftenedResults

    「ここ数年注力してきたP2Gシステム関連の開発活動が前年度で一段落し、研究開発費が減少した」

    P2Gシステム関連の開発活動が前年度で一段落したと記載し、研究開発費の減少要因としている。ただし、P2G事業全体の終了とは記載していない。
  3. FY2026AdvancedAnnual report

    「During the current fiscal year, the company delivered the hydrogen compressors and dehumidifiers for which it was responsible to Hokuto, Yamanashi, where the demonstration will be conducted, and carried out on-site installation and operational testing. It will continue the work toward completing the demonstration in December 2026.」

    The H2-YES large-scale P2G system project progressed to equipment delivery, on-site installation and operational testing, with completion of the demonstration targeted for December 2026.
  4. FY2026-H1RestatedAnnual report

    「The company is currently developing hydrogen compressors and other equipment for a large-scale P2G system as a member of H2-YES, led by the Yamanashi Prefectural Government Enterprise Bureau. Research expenses increased substantially year on year as the project progressed.」

    As a member of H2-YES, the company continued developing hydrogen compressors and other equipment for a large-scale P2G system, and research expenses increased substantially year on year as the project progressed.
  5. FY2025AdvancedAnnual report

    「During the current fiscal year, full-scale construction began on site in Hokuto, Yamanashi, where the demonstration will be conducted, and the company also proceeded with manufacturing hydrogen compressors and other equipment to be used in the demonstration. It will continue preparations to begin on-site demonstration testing during FY2025.」

    For the H2-YES large-scale P2G system, the company proceeded to the full-scale commencement of on-site construction for the demonstration and began manufacturing hydrogen compressors and other equipment. Research expenses amounted to ¥268 million.
  6. FY2025-H1RestatedAnnual report

    「Total R&D expenses for the interim accounting period were ¥92 million. There were no material changes in the status of the company's R&D activities during the interim accounting period.」

    The company stated that there were no material changes in its research and development activities and recorded ¥92 million in research and development expenses.
  7. FY2024AdvancedAnnual report

    「The company's corporate philosophy is to “provide outstanding products that society needs, based on technology.” Through the development of products required to realise a carbon-neutral society, the company aims to consistently lead the carbon-neutral market with its ultra-high-pressure compression technology and contribute to the preservation of the global environment. Total research and development expenses for the current fiscal year were ¥150 million.」

    The company continued research and development for the carbon-neutral market and recorded ¥150 million in research expenses. It advanced the application of its technology, including completion of validation of a large-capacity, high-pressure hydrogen compressor and development of a new series in the 20 MPaG class.
  8. FY2024-Q1RestatedAnnual report

    「Research and development expenses increased as the company expanded its research and development activities to contribute to the realisation of a carbon-neutral society, while also increasing its workforce and personnel expenses.」

    The company continues to pursue research and development aimed at contributing to a carbon-neutral society. No specific milestones, such as new product commercialisation or completion of demonstrations, were reported.
  9. FY2023AdvancedAnnual report

    「Total research and development expenses for the current fiscal year were ¥145 million.」

    The company continued research and development related to carbon neutrality and recorded ¥145 million in research expenses. It also advanced the development of products for hydrogen stations, supply chains and ammonia synthesis facilities.
  10. FY2022AdvancedAnnual report

    「As a member of the consortium “Yamanashi Hydrogen Energy Society (H2-YES),” led by the Yamanashi Prefectural Government Enterprise Bureau, the company was selected for the NEDO-funded project “Hydrogen Production by Water Electrolysis Using Electricity from Renewable Energy and Other Sources / Technology Development for Converting and Utilising Energy Demand Through a Large-Scale P2G System Toward Carbon Neutrality.”」

    The company was selected for an NEDO-funded project and proceeded to the stage of developing compression equipment for large-scale P2G systems using green hydrogen derived from renewable energy.
  11. FY2022-Q3RestatedAnnual report

    「Total research and development expenses for the cumulative third quarter amounted to ¥67 million. There were no material changes in the status of the company's research and development activities during the cumulative third quarter.」

    The company continued its research and development activities, with research and development expenses for the cumulative third quarter amounting to ¥67 million. It stated that there were no material changes in the status of its research and development activities.
  12. FY2022-Q2AdvancedAnnual report

    「As the production and demonstration of a test unit for the electrochemical hydrogen pump, which had been pursued as part of the company's research and development activities, reached a milestone, selling, general and administrative expenses decreased 6.0% year on year to ¥493 million, operating income increased 1.5% to ¥182 million, and ordinary income increased 1.4% to ¥191 million.」

    The production and demonstration of the electrochemical hydrogen pump test unit reached a milestone, and the company cited the transition of its research and development activities to the next stage as a factor behind the decrease in selling, general and administrative expenses.
  13. FY2022-Q1RestatedAnnual report

    「Total research and development expenses for the cumulative first quarter amounted to ¥21 million. There were no material changes in the status of the company's research and development activities during the cumulative first quarter.」

    Research and development expenses for the first quarter were ¥21 million, and the company stated that there were no material changes in the status of its research and development activities.
  14. FY2021AdvancedAnnual report

    「The company and TORAY INDUSTRIES,INC. completed development and demonstration of an electrochemical hydrogen pump system at the end of February 2021 under the NEDO-funded project “Technology Research and Development Project for Full-Scale Deployment of Ultra-High-Pressure Hydrogen Infrastructure / Technology Development Related to Reducing the Cost of Hydrogen Stations and Other Areas / Development and Demonstration of Electrochemical Hydrogen Pumps,” which they had been jointly pursuing.」

    The company completed development and demonstration of an electrochemical hydrogen pump system with TORAY INDUSTRIES,INC. at the end of February 2021, and proceeded to develop larger-capacity and higher-pressure systems for commercialisation.
  15. FY2020AdvancedAnnual report

    「The company is responsible for ensuring compliance with Japanese regulations for hydrogen pump systems and hydrogen pumps and related systems. During the current fiscal year, it presented the development at the Ministry of Economy, Trade and Industry and NEDO-sponsored event “Hydrogen and Fuel Cell Technology Development Project: Evaluation and Issue-Sharing Week” in June 2019 and at the FY2019 NEDO Next-Generation Batteries and Hydrogen Results Presentation in July 2019.」

    The company presented details of its development and demonstration of an electrochemical hydrogen pump with TORAY INDUSTRIES,INC. at events related to the Ministry of Economy, Trade and Industry and NEDO. Research expenses amounted to ¥223 million.
  16. FY2020-Q3RestatedAnnual report

    「Selling, general and administrative expenses increased 15.6% year on year to ¥902 million. This was mainly due to a ¥117 million year-on-year increase in research and development expenses as the company promoted the development of new products, including an electrochemical hydrogen pump.」

    The company continues to develop new products, including an electrochemical hydrogen pump. Research and development expenses increased by ¥117 million year on year, but no new milestones, such as completion of development, were reported.
  17. FY2019AdvancedAnnual report

    「To meet market needs, the company developed a screw-and-booster system that uses a highly efficient, low-cost general-purpose screw compressor with capacity control as the first stage, replacing the conventional turbo-and-booster system. Ten sets of this series had been ordered as of the end of the current fiscal year, and the company plans to expand sales further.」

    The company developed a screw-and-booster system targeting high efficiency, capacity control and lower cost, and received orders for 10 sets of the PET bottle molding series. It is expanding high-pressure and environmentally responsive technologies into products for growth fields.
  18. FY2018AdvancedAnnual report

    「Improvement of the functionality of compressors for hydrogen stations for FCVs, positioned as medium- to long-term growth products. The company continues basic research into high-pressure and environmentally responsive technologies and further improvements to existing products to develop and launch products demanded by growth markets beyond hydrogen stations.」

    The company is pursuing improved functionality for compressors for FCV hydrogen stations as medium- to long-term growth products, while continuing research into high-pressure and environmentally responsive technologies and improvements to existing products.
  19. FY2017AdvancedAnnual report

    「During the current fiscal year, using the technology of the hydrogen compressor with an integrated booster system for hydrogen stations, which has already been launched and marketed under the product name HyKom340, we commercialized and sold models for fuel-cell (FC) forklifts (discharge pressure: 40–45 MPa; filling pressure: 35–40 MPa) and small-capacity models for hydrogen produced using renewable energy, such as wind power generation (flow rate: 50 Nm3/h).」

    The company commercialised and sold products for fuel-cell forklifts and hydrogen produced from renewable energy using high-pressure technology, and expanded into growth fields.
  20. FY2016First statedAnnual report

    「In addition to hydrogen stations, the company continues basic research into the high-pressure and environmentally responsive technologies that underpin the development and market launch of products demanded by growth markets, while also pursuing further improvements to existing products.」

    The company continues basic research into high-pressure and environmentally responsive technologies and improvements to existing products as a foundation for expansion into growth fields beyond hydrogen stations.
Moved together

"Development and Improvement of Products for Growth Sectors and Market Launch" moved the same way as this thread, in the same document, in 11 of its 22 moves.

111110996★123456
  1. ★This thread
  2. 1Development and Improvement of Products for Growth Sectors and Market Launch11×
  3. 2Commercialization and Market Expansion of Ultra-High-Pressure Compressors for Hydrogen Stations11×
  4. 3Improving Hydrogen Compressor Quality, Strengthening Mass-Production Capabilities and Reducing Costs10×
  5. 4Strengthening Capital Expenditures and R&D Investment9×
  6. 5Optimizing the Organizational Structure and Strengthening the Human Resources Strategy9×
  7. 6Productivity Gains, Greater Efficiency and Cost Reductions6×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Kaji Technology yet. It last moved in the M&A and Subsidiary Changes of 2026-11-10: "Advanced".
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