Notice on Construction of a New Building at Sakura Factory
We hereby announce that our Board of Directors has resolved at a meeting held on March 25, 2022, to construct a new building on the premises of our Sakura Factory, as follows:
Description
1. Purpose of Constructing a New Building
We have decided to construct a new building to relocate production facilities and secure more space as a means of increasing production capacity. With the construction of the new building, we aim to establish a stable supply system for semiconductor test sockets. This decision was made due to the growing global demand for semiconductors and to respond speedily to diversifying customer needs for connector solutions due to the recovery of investment in industrial and in-vehicle equipment.
In constructing the new building, we will consider the Business Continuity Plan (BCP), earthquake and infrastructure countermeasures, and reduction of environmental impact.
2. Details of Acquired Assets
| Name | Sakura Factory Building No. 2 (tentative name), Yamaichi Electronics Co., Ltd. |
| Location | 1-4-1 Osaku, Sakura-shi, Chiba |
| Building area | 3,000 m2 (planned) |
| Total floor space | 6,000 m2 (planned) |
| Total amount of investment | Approx. 1.5 billion yen |
| Financing plan | Personal funds |
3. Acquisition Schedule
| Construction start date | February 2023 (planned) |
| Production start date | April 2024 (planned) |
4. Outlook for Business Performance
The construction of the new building is expected to have a negligible impact on this fiscal year’s results. If any matters arise that should be disclosed in the future, we will promptly disclose them.
