TOKYO, Mar 25 (Pulse News Wire) – Showa Paxxs Corporation (3954.T) announced today that its board of directors, held, approved plans to renovate its Tokyo factory building. The renovation aims to address aging infrastructure and improve labor and production environments to enhance productivity, attract talent, and expand into untapped markets, thereby increasing profitability and reinforcing operational continuity.
Located at Saitama, Kitamoto Shi Kunai4-180, the project involves constructing a new facility for manufacturing, warehousing, and office space on approximately 37319.74 square meters. Construction is set to begin in August 2026 and is expected to conclude by June 2031. The total investment, which includes design costs, construction, equipment installation, demolition, and ancillary works, is estimated at about ¥7.800 billion.
Funding will come from internal resources amounting to ¥3.800 billion and loans totaling ¥4 billion. Despite the lengthy timeline due to repeated scrap-and-build cycles within the same premises, the company assured there would be no disruption to ongoing operations. Detailed contracts with contractors will be signed on a zone-by-zone basis, and formal agreements will be promptly disclosed once finalized.
Regarding the impact on the fiscal year ending March 2026, the company stated that the renovation project will not affect its consolidated performance during this period.
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