Toyo Kanetsu K.K

Toyokanetsu, the largest player in airport baggage handling systems, has announced it will acquire land for a new factory as it builds a new production base. The land to be acquired is in Hatashima, Arida City, Wakayama Prefecture, near its current Wakayama factory in No, Arida City, Wakayama Prefecture, and the purchase price is 813 million yen. The move is aimed at accelerating growth in its logistics solutions business, reducing disaster risk, and optimizing production functions. At the new factory, the company plans to achieve a significant increase in productivity and respond to higher output through automation and robotization of work and inter-process transport as well as optimization of production functions, while also aiming to build a flexible production system capable of handling future diversification of products. The closing price on the 28th was 2,439 yen, down 1 yen from the end of the previous week.