Takeuchi Mfg. Co., Ltd., the mini-excavator and construction-machinery maker listed on the Tokyo Stock Exchange's Prime market (ticker 6432), told the exchange on August 28, 2026 that its board had resolved to delay the start of operations at a new factory and raise the project's estimated cost.
The plant's start-up date moves from January 2028 to May 2029, and the total pre-tax investment estimate rises from about ¥18.0bn to about ¥24.6bn. Takeuchi first disclosed the land purchase and construction plan on March 27, 2025; the latest filing amends that earlier announcement rather than introducing a new project.
The company gave two reasons. A labor shortage across Japan's construction industry pushed back the schedule, it said, while broad construction-cost inflation and unspecified changes to the factory's specifications pushed up the price tag. Takeuchi added a specific reassurance: the new factory's scale and planned production capacity are unchanged, so the added time and money buy the same output, only later and at greater cost.
| Milestone | Original Plan | Revised Plan |
|---|---|---|
| Land acquisition | January 2026 (planned) | April 2026 (completed) |
| Land preparation and construction start | February 2026 (planned) | October 2026 (planned) |
| Factory construction completion | July 2027 (planned) | January 2029 (planned) |
| Production equipment installation completion | December 2027 (planned) | April 2029 (planned) |
| Start of operations | January 2028 (planned) | May 2029 (planned) |
| Total investment, pre-tax (estimated) | About ¥18.0bn | About ¥24.6bn |
Land for the site was secured in April 2026, later than the January 2026 target in the original plan but already complete by the time of this filing. Ground-breaking on the factory itself, once due in February 2026, now moves to October 2026. Completion of the building slips from July 2027 to January 2029, and installation of production equipment, previously due to wrap up in December 2027, now finishes in April 2029, a month before the revised opening.
Takeuchi said the delay will have only a minor effect on consolidated results for the fiscal year ending in February 2027, since the plant was never expected to contribute to that period. It has not yet quantified the effect on results from the following fiscal year onward, saying it will fold that guidance into future earnings forecasts.
The filing does not break down how much of the added spending comes from labor costs, materials, or the unspecified design changes, nor does it name which specifications changed. For now, investors have two firm data points: a plant that costs more and one that arrives later than originally promised, with the capacity unchanged either way.