New Kanto Factory Funded with IPO Proceeds
First written in FY2018. 2 of 6 entries say "Restated". Latest entry: FY2020.
No other company in this theme has enough history to compare yet.
- FY2020AdvancedAnnual report
「The Company used the funds during the fiscal year ending October 2020 mainly to purchase printing presses and other equipment, with the aim of increasing production capacity and reducing labour requirements at the Tokyo West plant.」
The Company disclosed that, after deferring construction of the Kanto plant, it actually used the IPO proceeds during the fiscal year ending October 2020 to purchase printing presses and other equipment for the Tokyo West plant. - FY2019RestatedAnnual report
「Initially, the Company was considering using the funds raised at the time of listing to acquire the Kanto plant (provisional name). However, as the employment environment in the Kanto region had deteriorated and was not expected to improve, the Company conducted a rigorous review of the project scope and investment amount. As a result, it determined that prioritising investment in existing plants would produce greater investment benefits and decided to temporarily defer construction of the Kanto plant (provisional name).」
The Company continues to disclose a plan to defer construction of the Kanto plant and redirect the funds raised to purchases of printing presses and other equipment at existing plants. - FY2019-Q4RestatedAnnual report
「Tokyo West plant (Uenohara, Yamanashi Prefecture) Production equipment including printing presses 978,460 Internal funds, borrowings and equity financing August 2018 April 2020 Increase in production capacity The capital investment in the Kanto plant (provisional name) has been temporarily suspended following a review of the plan. The Company will continue to consider investment in the plant.」
The Company has again disclosed a plan to temporarily suspend construction of the Kanto plant and continue investing in printing presses and other equipment at the Tokyo West plant. - FY2019-Q3ReframedAnnual report
「Accordingly, we decided to allocate the funds raised to the purchase of printing presses, with the aim of increasing production capacity and reducing labor requirements at the existing Tokyo-Nishi Factory. Some of the equipment began operating during the fiscal year, resulting in investment being brought forward from the original schedule.」
While temporarily deferring construction of the Kanto plant (provisional name), the Company has changed its plan to redirect the IPO proceeds to investment in printing presses at its existing Tokyo West plant. - FY2019-Q2SoftenedAnnual report
「The capital investment in the Kanto plant (provisional name) has been temporarily suspended following a review of the plan. The Company will continue to consider investment in the plant.」
Investment in the Kanto plant was temporarily suspended following a review of the plan, rather than withdrawn. - FY2018First statedAnnual report
「The funds raised at the time of our listing are planned to be used mainly to establish a new plant in the Kanto region.」
The planned investment in the Kanto plant totaled ¥2.050 billion, with construction scheduled to begin during the fiscal year ending October 2019 and finish during the fiscal year ending October 2020.