Okamura : Notice Concerning the Construction of a New Plant Building(PDF 122KB)
March 15, 2022
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March 16, 2022
To whom it may concern
Company name: Representative:Okamura Corporation Masayuki Nakamura
Representative Director, President and Chief Executive Officer
(Code: 7994, Listing: First Sections of Tokyo Stock Exchange)Contact:
TEL:Naoki Kono, Managing Director and Executive Officer, CFO +81-(0)3-5539-6465
Notice Concerning the Construction of a New Plant Building
The Company hereby announces that its Board of Directors has resolved at its meeting held today that the Company will construct a new plant building in the site of the Tsukuba Plant (Tsukuba, Ibaraki Prefecture).
In its Midterm Management Plan, the Okamura Group identified as a group-wide effort a supply chain reform to suit manufacturing a wide variety of products flexibly in order to respond to increasingly diverse customer needs and changing market trends.
The Company has set aside 40 to 50 billion yen to fund strategic investments, including those for strengthening existing businesses and creating new businesses and those for addressing priority issues, for the three-year period from 2020 to 2022. This construction is part of such investments.
1. Purpose of the construction of a new plant
The Office Furniture business is experiencing strong demand for office renovation to support new work styles arising from, for example, the modification of central office functions as a result of the spread of hybrid workplaces caused by rapid changes in social values and lifestyles under the COVID-19 pandemic. We expect that the diversification of needs and changes in trends will further accelerate going forward.
By constructing a new plant building, the Company will create a flexible production system for new products as well as its main products to respond to changes in the market. The new plant building will also be instrumental in the promotion of ongoing cost reductions across the entire supply chain by improving in-house production ratio and enhancing the plant warehousing function.
Powder coating line, sheet metal automatic processing facilities, etc.
Total investment
11.5 billion yen
Funding plan
Own funds
Items to be produced
Modular storage furniture, work booths, various partitions, fixtures for use at medical and laboratory facilities, fixtures for use at educational facilities, etc.
(Reference) Tsukuba Plant The Tsukuba Plant started operation in 1991 with a site area (land) of 99,456 m2. As a main plant of the Office Furniture business, it produces mainly storage furniture.
3. Timeline (schedule)
Start of construction
July 2022
Completion of construction
August 2023
Start of operation
November 2023
6. Future outlook
The impact of this construction on the business performance of the Company will be insignificant. The Company will disclose any necessary matters promptly as they arise in the future.
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Okamura Corporation published this content on 16 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 March 2022 05:45:05 UTC.
OKAMURA CORPORATION is a company mainly engaged in the manufacture and sale of office environmental equipment and commercial environmental equipment. The Company operates in two business segments. The Office Environmental segment is engaged in the manufacture and sale of office furniture, communal facility furniture, security products and health care products, among others. The Commercial Environmental segment is engaged in the manufacture and sale of store shelves, freezer showcases, refrigerated showcases and store counters. The Company is also engaged in the manufacture and sale of logistics equipment, such as storage racks for factories and warehouses, logistics automatic equipment and facilities.
OKAMURA CORPORATION 
