Nissei Kogyo to Establish a New Automotive Parts Processing Plant
First written in FY2017. 1 of 3 entries say "Advanced", first in FY2018-Q2. Latest entry: FY2018.
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- FY2018AchievedAnnual report
「March 2017 日生工業 Co., Ltd. (currently a consolidated subsidiary) constructed a plant in Misato, Kodama District, Saitama Prefecture. Its head office was relocated from Ota-ku, Tokyo, to Misato, Kodama District, Saitama Prefecture.」
The plan for 日生工業’s new plant advanced from the planning stage to completion and relocation, with the construction of the plant and relocation of the head office in May 2018 recorded. - FY2018-Q2AdvancedAnnual report
「Cash used in investing activities was ¥228 million, compared with ¥1 million used in the same period of the previous year. This was mainly attributable to ¥700 million in proceeds from the withdrawal of time deposits with maturities exceeding 3 months, against expenditures including ¥877 million for the acquisition of property, plant and equipment related to the construction of our experimental building and new plants for domestic subsidiaries.」
The plan to construct new plants at domestic subsidiaries, including 日生工業, involved ¥877 million in property, plant and equipment acquisitions, indicating that investment associated with the plan was progressing. - FY2017First statedAnnual report
「日生工業 Co., Ltd. Misato, Kodama District, Saitama Prefecture Processing plant for automotive and other related parts 685,000 140,005 Internal funds and borrowings August 2017 March 2018 20% increase」
The company presented a plan to build a new plant with a total planned investment of ¥685 million and ¥140.005 million already paid, with construction scheduled to begin in August 2017 and be completed in March 2018, increasing production capacity by 20% upon completion.