TOKYO, Apr 24 (Pulse News Wire) – Shoei CO.,LTD. (7839.T) announced today that its board of directors resolved, to construct a new factory building adjacent to its existing Ibaraki plant.
The total investment is estimated at approximately ¥4 billion, with construction expected to take about three years. The decision was made due to concerns over the aging facilities at the current Ibaraki plant, which includes buildings nearly 60 years old. Additionally, the limited space available has hindered further productivity improvements. The new facility will accommodate expanding operations, particularly for the two-wheeled helmet division, while the existing plant will house non-production departments such as quality management, research and development, and indirect operations. Construction plans call for a building covering approximately 10,800 square meters (3,273 tsubo) on undeveloped land purchased in April 2024.
The contract signing is scheduled for May 31, 2026, but could be delayed depending on ongoing geopolitical developments in the Middle East. Completion is anticipated around February 28, 2029. Shoei expects the impact on its current fiscal year's performance to be minor. The company will disclose any significant changes promptly. According to recent forecasts, Shoei anticipates consolidated sales of 33,950 million yen, operating profit of 8,370 million yen, ordinary profit of 8,380 million yen, and net income attributable to shareholders of the parent company of 5,940 million yen for the fiscal year ending September 2026.
In comparison, the previous fiscal year ended with consolidated sales of 32,363 million yen, operating profit of 8,899 million yen, ordinary profit of 8,900 million yen, and net income attributable to shareholders of the parent company of 6,318 million yen.
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