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Tokyo Board Industries (7815) · InitiativeRestated

Increased Power Wood Board Sales and Expanded Waste Treatment and Wood Chip Sales

First written in FY2017-Q1. 18 of 28 entries say "Restated". Latest entry: FY2026-H1.

28entries
10years
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How it moved
ProgressHeldSoftenedWorseRestatedFY2017-Q1 – FY2018-Q2RestatedFY2022-Q1 – FY2023-Q3AdvancedFY20242016: 220162017: 420172018: 420182019: 420192020: 420202021: 420212022: 320222023: 120232024: 120242025: 12025
Same theme, other companies
Expansion of the Environmental Business through Industrial Waste Treatment and Recycled Resource SalesA theme 12 companies write about · 1 as a headwind · 22 as a tailwind

The whole theme swung hardest in 2025: 1 of 11 companies on the "Worse" side.

2 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026-H1RestatedAnnual report

    「Although sales conditions remain difficult due to the prolonged slump in housing demand, the Group has worked to increase revenue and reduce costs by strengthening sales activities that emphasize the recovery of production capacity and the environmental performance of its products, making maximum use of its strength in the material recycling of wood, from the collection of wood waste through product manufacturing and sales.」

    The existing policy of expanding applications and sales continues under weak housing demand, with the aim of increasing revenue and reducing costs through material recycling, recovery of production capacity, and sales activities highlighting the environmental performance of the products.
  2. FY2024AdvancedAnnual report

    「In addition to particleboard used as the subflooring material for the Group’s core product, raised floors in apartments, the Group began manufacturing structural particleboard “壁武者” and “静香美人” particleboard at the Sakura Particleboard Plant. “静香美人” is an alternative to plywood used as a sacrificial layer mainly between subflooring materials and finish materials such as flooring. The Group also manufactures particleboard used as the substrate for office OA floors, in educational facilities such as gymnasiums, and in furniture and woodworking.」

    In addition to a product lineup centered on apartment flooring, the Group began manufacturing structural particleboard “壁武者” and the plywood substitute “静香美人” at the Sakura Particleboard Plant. Expanded applications, including OA floors, educational facilities, furniture and woodworking, are described.
  3. FY2023-Q3RestatedAnnual report

    「To capitalize on the material recycling of wood from the collection of wood waste, one of our group's strengths, through the manufacture and sale of products, we had focused on strengthening coordination between departments and group companies, reviewing production-process controls and developing human resources, while working to increase sales and reduce expenses.」

    The policy of using the business operations built on the collection, manufacture and sale of wood waste to increase revenue and reduce costs through stronger coordination, a review of manufacturing process management, and human-resource development continues.
  4. FY2023-Q1RestatedAnnual report

    「The Group has continued to promote sales of particleboard for apartment flooring, its core product, while launching long structural panel particleboard “壁武者,” flooring particleboard and other products into the market with the aim of increasing revenue, strengthening sales and development activities, and reducing manufacturing costs.」

    The existing strategy of expanding applications continues, comprising promotion of apartment flooring particleboard sales, the market launch of “壁武者” and flooring particleboard, reinforcement of sales and development activities, and reduction of manufacturing costs.
  5. FY2022RestatedAnnual report

    「The Group has continued to promote sales of particleboard for apartment flooring, its core product, while conducting sales activities aimed at increasing revenue by launching long structural panel particleboard “壁武者” and other products into the market, strengthening development, and reducing manufacturing costs.」

    The strategy of expanding applications continues, comprising promotion of raised-floor particleboard sales, the market launch of “壁武者” and other products, reinforcement of sales and development activities, and reduction of manufacturing costs.
  6. FY2022-Q3RestatedAnnual report

    「The Group has continued to promote sales of particleboard for apartment flooring, its core product, while conducting sales activities aimed at increasing revenue by launching long structural panel particleboard “壁武者” and other products into the market, strengthening development, and reducing manufacturing costs.」

    The existing strategy of expanding applications continues, comprising promotion of raised-floor particleboard sales, the market launch of “壁武者” and other products, expansion of sales activities, reinforcement of development, and reduction of manufacturing costs. No new sales achievements are described.
  7. FY2022-Q2RestatedAnnual report

    「The Group has continued to promote sales of particleboard for apartment flooring, its core product, while conducting sales activities aimed at increasing revenue by launching long structural panel particleboard “壁武者” and other products into the market, strengthening development, and reducing manufacturing costs.」

    The existing strategy of expanding applications continues, comprising promotion of raised-floor particleboard sales, the market launch of “壁武者” and other products, reinforcement of sales and development activities, and reduction of manufacturing costs. No new sales achievements are described.
  8. FY2022-Q1RestatedAnnual report

    「The Group has continued to promote sales of particleboard for apartment flooring, its core product, while conducting sales activities aimed at increasing revenue by launching long structural panel particleboard “壁武者,” flooring particleboard and other products into the market, strengthening development, and reducing manufacturing costs, but」

    The existing strategy of expanding applications continues, combining promotion of raised-floor particleboard sales, the market launch of “壁武者” and flooring particleboard, and expanded sales and development activities.
  9. FY2021AdvancedAnnual report

    「During the fiscal year, sales of the long structural panel particleboard product “壁武者,” which is intended to become a second core product, had been increasing, mainly among major builders, but sales conditions overall remained difficult,」

    Concrete progress was described, with sales of “壁武者” increasing mainly among major builders as a second core product. However, overall sales conditions were described as difficult.
  10. FY2021-Q3AdvancedAnnual report

    「During the cumulative third-quarter consolidated period, sales of the long structural panel particleboard product “壁武者,” which is intended to become a second core product, had been increasing, mainly among major builders, but sales conditions overall remained difficult,」

    Concrete progress was described for “壁武者,” with sales increasing mainly among major builders. The disclosure also states that overall sales conditions remain difficult.
  11. FY2021-Q2RestatedAnnual report

    「The Group is stepping up sales efforts and development activities, adding staff, with the aim of further promoting sales of particleboard for raised flooring and entering other markets with structural particleboard “壁武者,” flooring particleboard and other products to increase revenue.」

    The existing strategy of expanding product categories and applications continues, comprising promotion of raised-floor particleboard sales, market expansion through “壁武者” and flooring particleboard, and reinforcement of sales and development activities.
  12. FY2021-Q1AdvancedAnnual report

    「The Group aims to make the long structural panel PB product “Kabe Musha” a second core business alongside manufacturing and sales centered on PB for condominium flooring, its core product, and achieved full-scale operations at the Sakura Plant, its new plant equipped with state-of-the-art facilities, in February, establishing a sound production system.」

    Concrete progress was indicated in the product strategy of moving beyond apartment flooring toward making “壁武者” a second core product, with the Sakura Plant reaching full operation in February. However, production adjustments at the Shinkiba Plant in response to lower sales volumes are also described.
  13. FY2020Launch of transactions for 壁武者 and failure to meet the sales planAnnual report

    「Although transactions for the new product “壁武者” have begun with several major business partners, sales through general distribution channels remain limited and the planned sales volume was not reached.」

    Transactions for the structural particleboard product “壁武者” have begun with several major business partners, but sales through general distribution channels remained limited and the planned sales volume was not reached.
  14. FY2020-Q3RestatedAnnual report

    「Sales of the Group’s core apartment flooring particleboard products remained steady, but revenue was limited to ¥5,541.099 million, up 18.6% year on year, due in part to delays in the production and sales of the new structural particleboard product “壁武者,” manufactured at the Sakura Plant.」

    Apartment flooring sales remained steady and revenue increased, while delays in the production and sales of the structural particleboard product “壁武者” continued.
  15. FY2020-Q2RestatedAnnual report

    「The Group sought to bring the Chiba-Sakura Plant, equipped with state-of-the-art manufacturing facilities, to full operation in order to develop a broad product strategy, including particleboard for the structural materials of detached houses, moving beyond manufacturing centered on its former core product, particleboard flooring for apartments.」

    The policy of shifting from flooring for apartments toward a broad product strategy including structural materials for detached houses is continuing. However, delays in the production and sales of the structural particleboard product “壁武者” are also described.
  16. FY2020-Q1SoftenedAnnual report

    「Sales of the Group’s core apartment flooring particleboard products remained steady, but revenue was limited to ¥1,611.980 million, up 32.0% year on year, due in part to delays in the production and sales of the new structural particleboard product “壁武者,” manufactured at the Sakura Plant.」

    The broad product strategy focused on structural materials and the rollout of the new product “壁武者” are continuing, but delays in the product’s production and sales have weakened progress against the plan.
  17. FY2019AdvancedAnnual report

    「In addition to particleboard used as the subflooring material for the Group’s core product, raised floors in apartments, the Group began manufacturing structural particleboard, “壁武者,” and particleboard for flooring substrates, which serves as the core board for composite flooring, at the Sakura Plant. It also manufactures particleboard used in educational facilities such as gymnasiums, as well as in furniture and woodworking.」

    The expansion from a floor-panel-centered strategy to a broad product strategy focused on structural materials has become more concrete, with the start of production at the Sakura Plant of structural particleboard, “壁武者,” and particleboard for flooring substrates described as part of the business.
  18. FY2019-Q3RestatedAnnual report

    「Particleboard sales, waste treatment and wood-chip sales remained steady, reflecting resilient demand, resulting in revenue of ¥4,670.771 million, up 11.8% year on year.」

    Particleboard, waste treatment and wood-chip sales remained steady. The policy of expanding the market with products for structural and flooring substrate applications continues, but no new completed initiatives are described.
  19. FY2019-Q2RestatedAnnual report

    「Against this backdrop, the Group constructed the Sakura Plant in Sakura, Chiba, equipped with state-of-the-art particleboard manufacturing facilities in order to develop a broad product strategy focused on structural materials, moving beyond manufacturing centered on floor panels.」

    The policy of shifting from a floor-panel-centered strategy to a broad product strategy focused on structural materials, with the Sakura Plant as the means of implementing it, continues to be indicated.
  20. FY2019-Q1RestatedAnnual report

    「Against this backdrop, the Group constructed the Sakura Plant in Sakura, Chiba, equipped with state-of-the-art particleboard manufacturing facilities in order to develop a broad product strategy focused on structural materials, moving beyond manufacturing centered on floor panels.」

    The policy of shifting from a floor-panel-centered strategy to a broad product strategy focused on structural materials, with the Sakura Plant as the means of implementing it, continues to be indicated.
  21. FY2018ReframedAnnual report

    「Against this backdrop, the Group constructed the Sakura Plant in Sakura, Chiba, installing state-of-the-art particleboard manufacturing equipment in order to develop a broad product strategy focused on structural materials, moving beyond manufacturing centered on floor panels.」

    A clear shift is indicated from sales expansion centered on flooring for apartments toward a broad product strategy focused on structural materials.
  22. FY2018-Q3AdvancedAnnual report

    「At this plant, the Shinkiba Recycling Plant can efficiently manufacture structural particleboard and other products that are difficult to produce efficiently at existing facilities, enabling entry into the imported South Sea hardwood plywood market for structural and floor-base applications, which is experiencing tight supply due to the impact of environmental regulations and other factors in Malaysia.」

    In addition to the existing particleboard, waste treatment and wood-chip sales businesses, the possibility of entering the imported tropical hardwood plywood market with products for structural applications and flooring substrate applications has become more concrete. Rising plywood prices and demand from non-residential facilities are also mentioned, but actual shipments of JIS-compliant products are scheduled to begin after certification is obtained.
  23. FY2018-Q2RestatedAnnual report

    「Sales of particleboard, primarily used for condominium flooring, increased, while waste treatment and wood-chip sales also remained firm, resulting in net sales of ¥2,802,806 thousand, up 11.8% year on year.」

    Particleboard sales increased, while waste treatment and wood-chip sales also remained steady. The existing sales expansion theme is continuing, but no new measures or completed initiatives are described.
  24. FY2018-Q1RestatedAnnual report

    「Sales of particleboard, primarily used for condominium flooring, remained firm, and net sales rose to ¥1,465,546 thousand, up 19.8% year on year, owing to increased waste-treatment and wood-chip sales, among other factors.」

    Particleboard sales remained steady, while growth in waste treatment and wood-chip sales also supported revenue. No new measures or completed initiatives are described for the existing sales expansion theme.
  25. FY2017RestatedAnnual report

    「Particleboard sales, mainly for apartment flooring, remained steady for unfinished boards and processed products, resulting in revenue of ¥5,538.970 million, up 6.5% year on year.」

    Sales of unfinished particleboard and processed products remained steady. No new measures or completed initiatives are described for the business expansion theme, including Power Wood Board, waste treatment and wood-chip sales.
  26. FY2017-Q3RestatedAnnual report

    「Sales of particleboard, used primarily for condominium flooring, remained firm for both unfinished boards and processed products, with revenue totaling ¥4,023,765 thousand, up 2.4% year on year.」

    This time, revenue in the Wood and Environmental Solutions business was explained as having been supported by steady sales of unfinished boards and processed products, rather than by expansion of Power Wood Board sales or waste treatment and wood-chip sales. No new measures or milestones are described for the existing sales expansion theme.
  27. FY2017-Q2RestatedAnnual report

    「Although sales of particleboard, primarily used for condominium flooring, declined slightly, net sales were ¥2,506,042 thousand, down 1.9% year on year, owing to higher waste-treatment and wood-chip sales, among other factors.」

    Particleboard sales declined slightly, while growth in waste treatment and wood-chip sales continues to support revenue. No new sales expansion measures or milestones are described.
  28. FY2017-Q1First statedAnnual report

    「Although sales of particleboard, primarily used for condominium flooring, declined slightly, sales increased to ¥1,223,808 thousand, up 0.2% year on year, owing to expanded sales of Power Wood Board, growth in waste treatment and higher sales of wood chips.」

    The expansion of Power Wood Board sales and growth in waste treatment and wood-chip sales were first explicitly identified as measures and trends supporting revenue in the Wood and Environmental Solutions business.
Moved together

"Expansion of Multi-Product Production and Production Capacity through the Establishment of a Chiba Plant" moved the same way as this thread, in the same document, in 5 of its 28 moves.

532222★123456
  1. ★This thread
  2. 1Expansion of Multi-Product Production and Production Capacity through the Establishment of a Chiba Plant5×
  3. 2Risk of delays in the completion and stable operation of the Chiba Plant3×
  4. 3Risk of Declining Housing Starts Due to Population Decline and Low Birth Rate2×
  5. 4Development of Environmentally Friendly, High-Value-Added Products and Expansion of Applications2×
  6. 5Enhancing Corporate Value over the Medium to Long Term through Performance-Linked Share-Based Compensation2×
  7. 6Sales Dependence on Major Trading Companies2×

★ 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.

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Tokyo Board Industries's next results are scheduled for 2026-10-15. Read the earnings preview
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Increased Power Wood Board Sales and Expanded Waste Treatment and Wood Chip Sales | TOKYO BOARD INDUSTRIES CO.,LTD. (7815) | Komori