Risk of delays in the completion and stable operation of the Chiba Plant
First written in FY2017. 10 of 40 entries say "Restated". Latest entry: 2026-10-15.
Tokyo Board Industries moved to the "Worse" side of this theme in 2018.
1 other company's latest entry also says "Advanced".
- 2026-10-15AdvancedOccurring Fact
「We are working to restore trust by thoroughly implementing measures to prevent recurrence and conducting detailed sales activities.」
Thorough implementation of recurrence-prevention measures and sales activities were presented as specific post-resumption actions to restore trust. Achievement or resolution of the theme was not indicated. - FY2027-H1MitigatedAnnual report
「The shutdown of the Sakura Plant following a minor fire on its production line on 1 November 2025 resulted in a substantial decline in revenue and earnings. Production resumed on 10 June 2026, and the Company is working to restore confidence by thoroughly implementing measures to prevent recurrence and conducting detailed sales activities. Since production resumed, the Company has been increasing production volumes in stages in line with order conditions.」
Following the shutdown caused by the minor fire on the Sakura Plant's production line, production resumed on 10 June 2026 and the Company moved to gradually increase production volumes, indicating progress in addressing the operating shutdown. However, measures to prevent recurrence and restore confidence remain ongoing. - FY2026MaterialisedAnnual report
「A minor fire occurred at the Sakura Plant on 1 November 2025, and production has been suspended. The Company recognized ¥558.678 million as an extraordinary loss under "disaster-related loss" for the current consolidated fiscal year, representing fixed costs during the production suspension and restoration costs for restarting the affected equipment.」
Regarding the risk related to stable operations at the Sakura Plant, the minor fire on the production line caused a production shutdown, and restoration costs and other expenses totaling ¥558.678 million were recognized. - FY2026-H1MaterialisedAnnual report
「A small fire occurred on the manufacturing line at our Sakura Plant on 1 November 2025. We are currently investigating the extent of the damage and the impact on future results.」
Regarding the risk related to stable operations at the Sakura Plant, a minor fire occurred on the production line after the filing date, and its impact was stated to be under investigation. - FY2026-H1MitigatedAnnual report
「The new chip-drying equipment at the Sakura Plant began operating at the end of the previous fiscal year, and production continued smoothly without any major problems.」
A new chip-drying system at the Sakura Plant, following the equipment damage, began operating from the end of the prior fiscal year, and the Company was reportedly able to produce without major problems, partially reducing the risk related to equipment restoration and stable operations. - FY2025-H1Decline in production volume due to scheduled maintenance at the Sakura PlantAnnual report
「In the second quarter of the current consolidated accounting period, earnings declined from the first quarter due to lower production volumes resulting from scheduled maintenance at the Sakura Plant. However, manufacturing and sales both generally progressed as expected.」
Stable production continued under the temporary production structure following the equipment damage, but scheduled maintenance at the Sakura Plant reduced production volume in the second quarter and contributed to lower earnings. Manufacturing and sales were described as generally in line with expectations. - FY2024-Q3Stable production under a temporary production structure, with low-volume production continuingAnnual report
「Although the impact of the fire damage to the chip-drying equipment at the Sakura Plant on 24 December 2022 has enabled stable production under a temporary production structure following a review of the manufacturing process, particleboard production remains at a low level compared with normal operations.」
Although the revised manufacturing process enabled stable production under a temporary production structure, output remained low compared with normal operations, and full stable operations were not indicated. - FY2024-Q2Continued low-volume production below normal levelsAnnual report
「Due to the impact of the fire that damaged the chip-drying equipment at the Sakura Plant on 24 December 2022, the Group established a temporary production system with revised manufacturing processes after production resumed on 10 February 2023, but particleboard production remains at a low level compared with normal operations.」
Even after partially resuming production, the Sakura Plant remained under a temporary production structure, with output limited to low volumes compared with normal operations. Measures to stabilize production continued, but full stable operations were not indicated. - FY2024-Q1RestatedAnnual report
「Since partially resuming production at the Sakura Plant in February 2023, the Group has continued reviewing its production processes and methods in an effort to stabilize production and increase output.」
Even after partially resuming production at the Sakura Plant, the Company continued to review its production processes and methods. Measures to stabilize production remained ongoing, and the disclosure does not state that full restoration or stable operations had been completed. - FY2023MitigatedAnnual report
「As it became clear that restoring the chip-drying equipment would require time for parts procurement and other activities, the Company reviewed its production processes and methods and partially resumed production in February 2023.」
Following the suspension of production due to equipment damage at the Sakura Plant, the Company reviewed its production processes and methods and partially resumed production in February 2023, advancing its response to the risk of an operating shutdown. However, equipment repairs remained at the planned stage, and the disclosure does not state that full restoration had been completed. - FY2023-Q3MaterialisedAnnual report
「Internal scorching, apparently caused by low-temperature ignition, occurred in the chip-drying equipment at the Sakura Plant, and the plant has been shut down.」
The risk related to stable operations at the Sakura Plant materialized as a plant shutdown caused by internal scorching of the chip-drying equipment. The timing of the resumption of operations, restoration costs and impact on sales activities were stated to be under investigation. - FY2022RestatedAnnual report
「The Group's management is working to formulate the best management policies based on the current business environment and available information. However, in light of Japan's declining total population and low birth rate, management believes that a substantial increase in new housing starts is unlikely. In preparation for a further decline in new housing starts due to economic uncertainty caused by a resurgence of COVID-19 and the situation involving Russia and Ukraine, among other factors, the Group is continuing this fiscal year to make production adjustments and lower its break-even point in order to establish a structure capable of generating profits.」
Even after establishing production capacity at the Sakura Plant, the policy of building a profit-generating structure through production adjustments and lowering the break-even point has continued. - FY2021RestatedAnnual report
「The Group has worked to establish and improve production capacity and strengthen its sales capabilities at the Sakura Plant, equipped with state-of-the-art facilities, with the aim of making "壁武者," a particleboard product for long structural panels, its second core business alongside the manufacture and sale of particleboard for apartment flooring, its mainstay product. However, difficult conditions have continued due to the operating environment, including production adjustments in response to lower sales volumes.」
Although the establishment and improvement of production capacity at the Sakura Plant have continued, production adjustments due to lower sales volumes were disclosed, indicating that operational issues remained even after full-capacity operations were achieved. - FY2021-Q3RestatedAnnual report
「The Group has sought to make "壁武者," a particleboard product for long structural panels, its second core business alongside the manufacture and sale of particleboard for apartment flooring, its mainstay product. It achieved full-capacity operations at the Sakura Plant, a new plant equipped with state-of-the-art facilities, in February 2020 and established a production structure at the new plant. However, difficult conditions have continued due to the operating environment, including production adjustments at the Shinkiba Recycling Plant in response to lower sales volumes.」
While full-capacity operations and the production structure at the Sakura Plant have been maintained, production adjustments at the Shinkiba Recycling Plant due to lower sales volumes have continued. - FY2021-Q2RestatedAnnual report
「The Group has sought to make "壁武者," a particleboard product for long structural panels, its second core business alongside the manufacture and sale of particleboard for apartment flooring, its mainstay product. It achieved full-capacity operations at the Sakura Plant, a new plant equipped with state-of-the-art facilities, in February and established a sound production structure. However, difficult conditions have continued due to the operating environment, including production adjustments at the Shinkiba Recycling Plant in response to lower sales volumes.」
While full-capacity operations and a sound production structure at the Sakura Plant have been maintained, production adjustments at the Shinkiba Plant due to lower sales volumes have continued, leaving operational issues unresolved. - FY2021-Q1MitigatedAnnual report
「The Company achieved full-capacity operations at the Sakura Plant, a new plant equipped with state-of-the-art facilities, in February and established a sound production structure. However, difficult conditions have continued due to the operating environment, including production adjustments at the Shinkiba Recycling Plant in response to lower sales volumes.」
Achievement of full-capacity operations at the Sakura Plant reduced the risk related to establishing its production capacity and delays in operations. However, another operational issue remains, namely production adjustments at the Shinkiba Plant due to lower sales volumes. - FY2020Failure to meet planned sales and challenges in improving capacity utilizationAnnual report
「Sales of E・V・A board fell short of the planned volume despite strong performance by its core flooring product. Although sales of the new product "壁武者" had begun with several major business partners, sales through general distribution channels remained limited, and sales also fell short of the planned volume.」
Although the Sakura Plant's equipment and production capacity had been established, sales of flooring products and "壁武者" continued to fall short of planned volumes, leaving improved capacity utilization and stable sales as challenges. - FY2020-Q3RestatedAnnual report
「Against this business backdrop, the Group established a full-production system at the Chiba-Sakura Plant, equipped with state-of-the-art manufacturing facilities, in order to pursue a broad product strategy including particleboard for detached-house structural materials, rather than manufacturing centered on its traditional core product, particleboard for condominium flooring.」
The Sakura Plant's production capacity was described as established, while delays in the production and sales of its new product "壁武者" continued. - FY2020-Q2Production capacity established while new product sales remain delayedAnnual report
「As of the filing date, the Sakura Plant had established a full-production system and was operating smoothly. However, sales of new products were behind the original plan, and the company required funding to maintain stable production and increase sales.」
Although the disclosure changed to state that the Sakura Plant's production capacity had been established, delays in sales of the new product and the need for financing remained, indicating that the previous issue of stable operations had persisted in a different form on the sales side. - FY2020-Q1RestatedAnnual report
「Results for the three months ended the first quarter of the current consolidated fiscal year were supported by solid sales of unprocessed and processed particleboard, and production and sales at the Shinkiba Recycling Plant achieved their targets. However, production and sales of the structural particleboard product "壁武者" manufactured at the Sakura Plant were delayed, resulting in」
While the Shinkiba Recycling Plant achieved its production and sales targets, production and sales delays for the structural particleboard product "壁武者" continued at the Sakura Plant, confirming the ongoing issues related to stable operations at the Sakura Plant. - FY2019WorsenedAnnual report
「The need to reinforce staffing at the Sakura Plant and insufficient operating capacity associated with the installation of additional manufacturing equipment made it impossible to capture sales demand in a timely manner, resulting in revenue of ¥6,717.582 million, up 13.4% year on year.」
The need to reinforce staffing and insufficient operating capacity associated with additional equipment continued at the Sakura Plant, and the disclosure states that sales demand could not be captured in a timely manner. Operating loss also increased due to the depreciation burden, and issues related to stable operations remain unresolved. - FY2019-Q3RestatedAnnual report
「These issues were mainly due to the Sakura Plant's failure to meet its production plan. However, the Company has completed a scheme for asset sales without relying on equity financing to fund additional capital investment for stable production and secure the necessary funds, plans to implement it during the current consolidated fiscal year together with borrowing, and has determined that there are no concerns about the continuity of business activities for the time being and that no material uncertainty exists regarding the going-concern assumption.」
The Company continues to identify the Sakura Plant's failure to meet its production plan and the need for additional investment to achieve stable production. The disclosure does not state that the proposed measures have been completed. - FY2019-Q2WorsenedAnnual report
「Although operations at the Shinkiba Recycling Plant and sales of unprocessed particleboard and processed products remained solid, delays in Phase 2 and additional construction work at the Sakura Plant disrupted the production plan, resulting in revenue of ¥2,993.022 million, down 0.8% year on year, for the six months ended the second quarter of the current consolidated fiscal year.」
Regarding the issues at the Sakura Plant that continued from the prior fiscal year, the disclosure states that delays in Phase 2 and additional construction work disrupted the production plan and led to lower revenue, indicating that the delay risk had worsened. - FY2019-Q1WorsenedAnnual report
「Production was delayed due in part to the temporary suspension of operations associated with the transfer of personnel and manufacturing equipment from the Shinkiba Recycling Plant to the Sakura Plant, resulting in revenue of ¥1,326.985 million, down 15.6% year on year.」
Regarding the temporary suspension associated with the transfer that was reported in the prior fiscal year, the disclosure states that production delays continued during the current quarter and contributed to the decline in revenue. - FY2018MaterialisedAnnual report
「Temporary suspension of operations associated with the transfer of personnel and manufacturing equipment to the Sakura Plant」
Although the Sakura Plant itself was completed, a temporary suspension of operations associated with the transfer of personnel and manufacturing equipment actually occurred and was cited as a factor affecting revenue and earnings. - FY2018-Q3MitigatedAnnual report
「The following significant new facilities that were planned as of the end of the prior consolidated fiscal year were completed during the nine months ended the third quarter of the current consolidated fiscal year.」
Construction of the Sakura Plant was completed during the nine months ended the current quarter, and production began in October 2017, reducing the risk of delays in completion. However, depreciation expenses were incurred in the first year, and the disclosure does not state that issues related to stable operations have been resolved. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company concluded that there had been no material change in the risk of delays in completing and achieving stable operations at the Chiba Plant. - FY2018-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The Company concluded that there had been no material change in the risk of delays in completing and achieving stable operations at the Chiba Plant. - FY2017First statedAnnual report
「If completion or stable operations at the new plant being constructed by the Company in Sakura, Chiba Prefecture, are delayed due to differences between estimates and actual requirements for construction funding, the construction schedule, product precision or other factors, this could affect the Group's results and financial condition.」
The risk that differences in estimates for construction funding, the construction schedule and product precision could delay completion or stable operations at the Chiba Plant under construction was described separately for the first time under business and other risks.