Improvement in BCP, operational efficiency and cash flow through the construction of a new head office building
First written in FY2018-Q1. 6 of 10 entries say "Advanced", first in FY2018-Q2. Latest entry: FY2021-Q1.
No other company in this theme has enough history to compare yet.
- FY2021-Q1Cited as achievedAnnual report
「The relocation of the head office carried out in the previous fiscal year enabled reductions in rent and other expenses, while the use of telework and remote sales progressed reductions in travel and transportation expenses and other costs, allowing the company to offset some of the decline in revenue.」
The cost savings from the consolidation into the new head office completed in September 2019 were cited as a factor that partially offset the decline in revenue during the quarter. - FY2020AchievedAnnual report
「Cost reductions, including rent, are also progressing following the consolidation of existing offices into the new head office in September 2019.」
Regarding the construction and relocation plan for the new head office building, the consolidation of operations from the existing offices into the new head office building was stated to have been carried out in September 2019, confirming that the relocation was completed. - FY2020-Q3AdvancedAnnual report
「Property, plant and equipment increased by ¥986 million from the end of the previous consolidated fiscal year to ¥7,134 million. Although construction in progress decreased by ¥1,279 million, buildings and structures increased by ¥2,157 million due mainly to the construction of new head office and Tsurumi ND buildings in Yokohama.」
For the new head office building, construction in progress declined while buildings and structures increased by ¥2,157 million. The construction project has advanced to the stage involving capitalization of the building, but no completion of the relocation has been reported. - FY2020-Q2AdvancedAnnual report
「Property, plant and equipment increased by ¥800 million from the end of the previous consolidated fiscal year to ¥6,948 million. Although construction in progress decreased by ¥864 million, this was more than offset by an increase of ¥1,741 million in buildings and structures, among other factors.」
For the new head office building, buildings and structures increased by ¥1,741 million while construction in progress declined, resulting in an ¥800 million increase in property, plant and equipment. The construction project has advanced to the stage involving capitalization of assets and the incurrence of relocation-related costs. - FY2020-Q1AdvancedAnnual report
「Property, plant and equipment increased by ¥567 million from the end of the previous consolidated fiscal year to ¥6,715 million. ... This was mainly due to an increase of ¥700 million in construction in progress.」
Construction in progress related to the new head office building increased by ¥700 million, from ¥1,279 million at the end of the previous fiscal year to ¥1,980 million. The construction project has advanced to the execution phase, as reflected in the financial figures. - FY2019AdvancedAnnual report
「With completion of the new head office scheduled for August 2019, general and administrative expenses are expected to increase due to relocation-related costs.」
Construction of the new head office building has progressed to the stage preceding completion in August 2019, with construction in progress increasing from ¥194 million at the end of the previous fiscal year to ¥1,280 million. - FY2019-Q2AdvancedAnnual report
「This was mainly due to a total increase of ¥613 million in property, plant and equipment, primarily from an increase in construction in progress related to the head office building.」
For the new head office building, construction in progress increased from ¥194 million to ¥716 million, while property, plant and equipment increased by a total of ¥613 million. The financial figures show that the project has advanced to the construction phase. - FY2018-Q3RestatedAnnual report
「Following the decision to rebuild the head office building, the company decided to demolish the ND Building and recorded an impairment loss of ¥64 million for the nine-month period of the consolidated fiscal year.」
The decision to demolish the existing ND Building in connection with the new head office building project and the recognition of an impairment loss of ¥64 million have been confirmed for the second consecutive quarter. - FY2018-Q2AdvancedAnnual report
「Following the decision to rebuild the head office building, the company decided to demolish the ND Building and recorded an impairment loss of ¥64 million in the second quarter of the consolidated fiscal year.」
For the new head office building project, the Company decided to demolish the existing ND Building and recorded an impairment loss of ¥64 million, indicating that the project had advanced from the decision-making stage to concrete execution. - FY2018-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 14 July 2017, the Company resolved to construct a new head office building. / Strengthen disaster preparedness, including for earthquakes, to improve BCP. / Total project cost: approximately ¥2 billion / Construction start: December 2017 (scheduled) / Relocation to the new head office building: September 2019 (scheduled)」
The Company resolved to construct a new head office building to improve disaster preparedness at the aging Tokyo sales office, consolidate the head office, Tokyo sales office, International Center and other functions at the new head office, improve cash flow by reducing rent, and enhance security and productivity. The total project cost was approximately ¥2 billion, with construction scheduled to begin in December 2017 and relocation scheduled for September 2019.