Asaka Riken Co.,Ltd.
Notice Regarding Factory Expansion (Change to Disclosed Matters) and Commencement of a New Business
Revised the LiB recycling plant expansion plan, increasing total investment from approx. 9.5 billion yen to approx. 14.5 billion yen. Completion and start-up timing postponed from October 2026 / during 2027 to during 2027 / during 2027, respectively. Funding will be secured through borrowings from financial institutions. The start timing of the new business is also changed to during 2029.
Key Figures
- Total investment: approx. 14.5 hundred million yen
- Planned completion: During 2027
- Planned start of operations: During 2027
AI要約
Overview of Plan Changes
Based on demonstration tests of the LiB recycling business, additional equipment investments and specifications revisions for certain processes at the Iwaki plant will be implemented. Rising material and labor costs and the impact of Middle East geopolitical conditions have driven up capital expenditures and extended construction periods. A new power reception plan and changes to the power grid are required, prolonging the construction period. Total investment has been increased to approx. 14.5 hundred million yen, and funding will be secured through borrowings from financial institutions.
Outlook and Impact
There is no change to the consolidated earnings guidance for the fiscal year ending September 2026; guidance for the fiscal year ending September 2027 will be announced separately. The new capital investment and construction delays are intended to enhance long-term production capacity and competitiveness. The company will continue to adopt environmentally conscious processes aimed at reducing CO2 and wastewater.
Asaka Riken Co.,Ltd.
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