Risk of Longer Capital Investment Payback Periods and Failure to Meet Production Increase Plans
First written in FY2016. 6 of 18 entries say "Worsened", first in FY2018. Latest entry: FY2026.
W-Scope moved to the "Worse" side of this theme in 2019, 3 years before the typical company in this theme (2022).
The whole theme swung hardest in 2024: 10 of 25 companies on the "Worse" side.
0 other companies' latest entry also says "Softened".
- FY2026SoftenedAnnual report
「Except for new installations and similar projects for routine equipment renewal, there are no plans for new installations or similar projects involving significant equipment.」
As large-scale capital investment was restrained and there were no plans to construct major new facilities, the scope of future risks related to investment payback and failure to achieve planned production increases has narrowed. - FY2025SoftenedAnnual report
「Except for new installations and similar projects for routine equipment renewal, there are no plans for new installations or similar projects involving significant equipment.」
The disclosure states that there were no plans to construct major new facilities, indicating that new projects subject to the risks of investment payback and failure to achieve planned production increases had been scaled back from the previous period of expanding large-scale capital investment. - FY2025-H1Updated capital investment spending and construction in progressAnnual report
「Property, plant and equipment and other fixed assets totaled ¥166,492 million, an increase of ¥31,756 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥4,026 million in buildings and structures, ¥1,672 million in machinery, equipment and vehicles, and ¥25,211 million in construction in progress.」
Fixed assets increased by ¥31,756 million from the end of the previous fiscal year, while construction in progress increased by ¥25,211 million. Capital expenditures for the acquisition of property, plant and equipment during the interim period totaled ¥27,017 million. - FY2024-Q2Updated capital investment spending and trial operations for new linesAnnual report
「Property, plant and equipment and other fixed assets totaled ¥154,921 million, an increase of ¥20,185 million from the end of the previous consolidated fiscal year. This was mainly due to increases of ¥16,506 million in construction in progress and ¥3,846 million in buildings and structures.」
Fixed assets increased by ¥20,185 million from the end of the previous fiscal year, while construction in progress increased by ¥16,506 million. Trial operations of a new large-scale film-forming line also progressed, and the balance of capital investment spending was updated. - FY2024Updated capital investment spending and remaining plansAnnual report
「The main capital investment during the current consolidated fiscal year was ¥50,551 million for the acquisition of production equipment and other assets to expand subsidiary production lines for the purpose of increasing production capacity.」
Capital expenditures for property, plant and equipment during the fiscal year totaled ¥50,551 million, and investment in WCP’s 2 new lines and the Hungary plant is continuing. - FY2023-Q3Updated construction in progress and fixed-asset investment spendingAnnual report
「Property, plant and equipment and other fixed assets totaled ¥118,562 million, an increase of ¥35,885 million from the end of the previous consolidated fiscal year. This was mainly due to a decrease of ¥2,618 million in machinery and equipment and an increase of ¥37,241 million in construction in progress.」
Fixed assets increased by ¥35,885 million from the end of the previous fiscal year, while construction in progress increased by ¥37,241 million. The balance of capital investment spending was updated. - FY2023-Q2Updated construction in progress and fixed-asset investment spendingAnnual report
「Property, plant and equipment and other fixed assets totaled ¥111,613 million, an increase of ¥28,935 million from the end of the previous consolidated fiscal year. This was mainly due to a decrease of ¥1,254 million in machinery and equipment and an increase of ¥29,386 million in construction in progress.」
Fixed assets increased by ¥28,935 million from the end of the previous fiscal year, while construction in progress increased by ¥29,386 million. Capital expenditures for the acquisition of property, plant and equipment also totaled ¥20,370 million. - FY2023-Q1Updated construction in progress and fixed-asset investment spendingAnnual report
「Property, plant and equipment and other fixed assets totaled ¥89,109 million, an increase of ¥6,431 million from the end of the previous consolidated fiscal year. This was mainly due to a decrease of ¥2,417 million in machinery and equipment and an increase of ¥9,384 million in construction in progress.」
Fixed assets increased by ¥6,431 million, while construction in progress increased by ¥9,384 million. The implementation status of capital investment was updated. - FY2022Updated capital investment spending and plansAnnual report
「During the consolidated fiscal year, the Group invested in Coating Production Facilities 11 and 12 at W-SCOPE KOREA CO., LTD., and in Film-Forming Production Lines 5 through 8 at W-SCOPE CHUNGJU PLANT CO., LTD., bringing the cumulative total of film-forming production lines to 14 through 17, as well as in Coating Production Facilities 5 and 6, bringing the cumulative total of coating facilities to 17 and 18.」
The capital investment targets were updated to include WSK’s Coating Production Facilities 11 and 12 and WCP’s cumulative Film-Forming Production Lines 14 through 17 and cumulative Coating Production Facilities 17 and 18. - FY2022-Q2Updated capital investment spendingAnnual report
「Property, plant and equipment and other fixed assets totaled ¥66,859 million, an increase of ¥9,665 million from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥7,506 million in construction in progress.」
Fixed assets increased by ¥9,665 million as capital investment progressed, while construction in progress increased by ¥7,506 million. Capital expenditures for the acquisition of property, plant and equipment totaled ¥7,647 million. - FY2021WorsenedAnnual report
「During the consolidated fiscal year, the Group invested in Coating Production Facilities 11 and 12 at W-SCOPE KOREA CO., LTD., and in Film-Forming Production Lines 5 through 8 at W-SCOPE CHUNGJU PLANT CO., LTD., bringing the cumulative total of film-forming production lines to 14 through 17, as well as in Coating Production Facilities 5 and 6, bringing the cumulative total of coating facilities to 17 and 18.」
The scope of investment expanded to WCP’s cumulative Film-Forming Production Lines 14 through 17 and cumulative Coating Production Facilities 17 and 18, broadening the scope of the risks of failure to achieve investment payback and planned production increases. - FY2021-Q3WorsenedAnnual report
「The company plans to invest approximately ¥90,000 million in Europe over the 5-year period from 2021 to 2025.」
The investment plan expanded beyond additions to existing lines in Korea to Europe, and planned investment totaling approximately ¥90 billion from 2021 through 2025 was disclosed, broadening the scope of investment payback risk. - FY2021-Q2WorsenedAnnual report
「Installation of cumulative Lines 14 and 15 has been completed, and the company is awaiting the start of mass-production shipments from the new lines following product prototyping. However, the start was delayed slightly, which slowed the transfer of production for automotive products manufactured by W-SCOPE KOREA CO., LTD. to WCP’s newly installed lines, delaying production optimization across the Group by several months.」
Although installation of cumulative Lines 14 and 15, the capital investment targets, was completed, the start of mass-production shipments and the transfer of production were delayed, resulting in a delay of several months in production optimization. - FY2020WorsenedAnnual report
「During the consolidated fiscal year, the Group invested in Coating Production Facilities 8 through 12 at W-SCOPE KOREA CO., LTD. Facilities 8 through 10 were completed during the consolidated fiscal year. At W-SCOPE CHUNGJU PLANT CO., LTD., the Group invested in Film-Forming Production Lines 5 and 6, bringing the cumulative total of film-forming production lines to 14 and 15, and in Coating Production Facilities 5 and 6, bringing the cumulative total of coating facilities to 17 and 18.」
The scope of investment expanded to WSK’s Coating Production Facilities 8 through 12, WCP’s cumulative Film-Forming Production Lines 14 and 15, and cumulative Coating Production Facilities 17 and 18. - FY2019WorsenedAnnual report
「During the consolidated fiscal year, the Group invested in Lines 10 through 15 and Coating Production Facilities 5 through 14. Regarding investment decisions for Lines 16 and 17, the Group’s policy is to respond promptly after considering market trends and investment payback.」
The scope of ongoing investments expanded to Lines 10 through 15 and Coating Production Facilities 5 through 14, while investment decisions for Lines 16 and 17 remain pending. - FY2018WorsenedAnnual report
「The Group is currently investing in Lines 10 through 15 and Coating Production Facilities 5 through 14. Regarding investment decisions for Line 16 onward and Coating Production Facility 15 onward, the Group’s policy is to respond promptly after considering market trends and investment payback.」
The scope of ongoing investments expanded from Lines 10 through 13 to Lines 10 through 15 and Coating Production Facilities 5 through 14, broadening the scope of the risks of longer investment payback periods and failure to achieve planned production increases. - FY2017RestatedAnnual report
「The Group is currently investing in Lines 10 through 13. Regarding investment decisions for Line 14 onward, the Group’s policy is to respond promptly after considering market trends and investment payback.」
The Group is currently investing in Lines 10 through 13, and continues to disclose the risks of longer investment payback periods and failure to meet production expansion plans due to market changes and delays in bringing facilities online. - FY2016First statedAnnual report
「Rapid changes in market conditions, delays in bringing facilities online and other factors may lengthen the investment payback period compared with the time of the investment decision, potentially affecting the Group’s business, operating results and financial position.」
The disclosure states that investments in Lines 8 through 13 and the investment policy for Line 14 onward may result in longer investment payback periods and failure to achieve planned production increases.