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Es-Con Japan (8892) · InitiativeWorsened

Construction and operation of the fully artificial-light plant factory “Techno Farm Fukuroi”

First written in FY2021-Q2. 3 of 9 entries say "Advanced", first in FY2021-Q3. Latest entry: FY2026.

9entries
6years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2021-Q3 – FY2022-Q1RestatedFY2022-Q3AdvancedFY2023-Q4 – FY2025-H12021: 220212022: 220222023: 120232024: 220242025: 020252026: 22026
Same theme, other companies
Asset Impairment and Loan Recovery Risks from Declining Agriculture Business ProfitabilityA theme 7 companies write about · 7 as a headwind · 0 as a tailwind

Es-Con Japan moved to the "Worse" side of this theme in 2026.

0 other companies' latest entry also says "Worsened".

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. FY2026WorsenedAnnual report

    「In the vegetable production, processing, and sales business of affiliated company 合同会社TSUNAGU Community Farm, operating profit and loss has remained negative. During the current fiscal year, shipments from its automated plant factory fell below the initial plan. As recoverable amounts based on future cash flows were reassessed due to declining profitability and an impairment loss was recorded, the company had negative net worth of ¥7,913 million.」

    For the plant factory business after the start of operations, shipments fell below plan, resulting in lower profitability, an impairment loss, and negative net worth of ¥7,913 million.
  2. 2026-06-02WorsenedGeneral Meetings of Shareholders

    「During the fiscal year, shipments from the company's automated plant factory remained below the initial plan. As profitability declined, we reassessed the recoverable amount based on future cash flows and recorded an impairment loss.」

    For the associate operating Techno Farm Fukuroi, shipments fell below plan and an impairment loss was recorded in response to declining profitability.
  3. FY2025-H1AchievedAnnual report

    「The company is operating “Techno Farm Fukuroi,” a fully artificial-light plant factory capable of producing 10 tonnes of lettuce per day on a world-leading scale.」

    The reporting progressed from planned production commencement after construction completion to the operation of Techno Farm Fukuroi. Its production capacity of 10 tonnes per day was also maintained.
  4. FY2023-Q4AdvancedAnnual report

    「The company established 合同会社TSUNAGU Community Farm with Chubu Electric Power and 株式会社スプレッド and completed construction of “Techno Farm Fukuroi,” a fully artificial-light plant factory capable of producing 10 tonnes of lettuce per day on a world-leading scale. With production scheduled to begin in February 2024, the parties are combining Chubu Electric Power's expertise in energy management, the company's real estate development capabilities, and 株式会社スプレッド's cultivation technology to produce safe and reliable lettuce efficiently and consistently.」

    The plant factory progressed from being under construction to being reported as completed, while its production capacity of 10 tonnes per day and planned start of production in February 2024 were maintained.
  5. FY2023-Q3SoftenedAnnual report

    「With production scheduled to begin in February 2024, the parties are combining Chubu Electric Power's expertise in energy management, the company's real estate development capabilities, and 株式会社スプレッド's cultivation technology to produce safe and reliable lettuce efficiently and consistently.」

    The planned start of production at the fully artificial-light plant factory “Techno Farm Fukuroi” changed from January 2024 to February 2024. The production plan of 10 tonnes per day and the 3-company collaboration framework were maintained.
  6. FY2022-Q3RestatedAnnual report

    「The company established 合同会社TSUNAGU Community Farm with Chubu Electric Power and 株式会社スプレッド and is constructing “Techno Farm Fukuroi,” a fully artificial-light plant factory capable of producing 10 tonnes of lettuce per day on a world-leading scale. With production scheduled to begin in January 2024, the parties are combining Chubu Electric Power's expertise in energy management, the company's real estate development capabilities, and 株式会社スプレッド's cultivation technology to produce safe and reliable lettuce efficiently and consistently.」

    Construction of the plant factory by the 3 companies continued, and the target of beginning production in January 2024 and producing 10 tonnes of lettuce per day was maintained.
  7. FY2022-Q1AdvancedAnnual report

    「To begin production in January 2024, the new company began construction in October 2021 in Fukuroi, Shizuoka, of “Techno Farm Fukuroi,” a fully artificial-light plant factory capable of producing 10 tonnes of lettuce per day on a world-leading scale.」

    The plant factory progressed from the planning stage to the construction-start stage, while the target of beginning production in January 2024 and producing 10 tonnes of lettuce per day was maintained.
  8. FY2021-Q3AdvancedAnnual report

    「In July 2021, the company established 合同会社TSUNAGU Community Farm with Chubu Electric Power and 株式会社スプレッド to construct and operate a fully artificial-light plant factory. To begin production in January 2024, the new company planned to start construction in October 2021 in Fukuroi, Shizuoka, of “Techno Farm Fukuroi,” a fully artificial-light plant factory capable of producing 10 tonnes of lettuce per day on a world-leading scale.」

    For the plant factory business, which had been at the planning stage, the new company established by the 3 parties was completed, and targets were set to begin construction in October 2021 and production in January 2024.
  9. FY2021-Q2First statedAnnual report

    「Under the agreement, the 3 companies planned to establish a new company around July 2021 and begin construction in October 2021 of “Techno Farm Fukuroi,” a fully artificial-light plant factory in Fukuroi, Shizuoka, capable of producing 10 tonnes of lettuce per day on a world-leading scale, at a business site acquired by the company in March 2021, with the aim of beginning production in January 2024.」

    Through collaboration among Chubu Electric Power, 株式会社スプレッド, and the company, plans called for establishing a new company in July 2021, beginning construction in October 2021, starting production in January 2024, and producing 10 tonnes of lettuce per day. The parties also identified decarbonization and solutions to issues in the food and agriculture sectors as objectives.
Moved together

"Promoting Sales of For-Sale Condominiums and Achieving Sell-Out" moved the same way as this thread, in the same document, in 4 of its 9 moves.

444444★123456
  1. ★This thread
  2. 1Promoting Sales of For-Sale Condominiums and Achieving Sell-Out4×
  3. 2Active Acquisition of New Business Sites in Multiple Regions4×
  4. 3Reliance on Interest-Bearing Debt, Rising Interest Rates and Financing Risk4×
  5. 4Expansion into the Chubu Region and Joint Businesses through a Capital and Business Alliance with Chubu Electric Power4×
  6. 5Participation in the Hokkaido Ballpark Business and Naming Rights for ES CON FIELD HOKKAIDO4×
  7. 6Expansion of Overseas Operations through an Investment in a Hawaii Real Estate Investment Fund4×

★ 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.

When this could move next
No upcoming earnings preview for Es-Con Japan yet. It last moved in the General Meetings of Shareholders of 2026-06-02: "Worsened".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Construction and operation of the fully artificial-light plant factory “Techno Farm Fukuroi” | ES-CON JAPAN Ltd. (8892) | Komori