Capturing COVID-19-driven stay-at-home demand
First written in FY2021-Q1. 6 of 15 entries say "Worsened", first in FY2022. Latest entry: FY2025-H1.
Kaneko Seeds moved to the "Worse" side of this theme in 2022.
The whole theme swung hardest in 2021: 1 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- FY2025-H1WorsenedAnnual report
「In the floral business, sales of flower seedlings for home use and home-gardening materials declined as weak demand after the period of stay-at-home consumption continued,」
The company’s view has shifted from capturing conventional stay-at-home demand to recognizing continued weak demand after the period of stay-at-home consumption and declining sales of products for home use. - FY2024-Q3RestatedAnnual report
「In the horticulture business, sales of bulbs and gardening materials declined as stay-at-home consumption subsided. However, sales of lisianthus seeds and carnation seedlings for commercial growers, as well as horticultural pesticides and flower and vegetable seedlings for home gardening, increased, resulting in net sales of ¥4,317 million, up 0.9% year on year.」
Although the effect of capturing conventional demand has weakened as stay-at-home consumption has normalized, the floral business has reported higher revenue owing to growth in products for commercial growers and seedlings for home gardening. - FY2024-Q2WorsenedAnnual report
「In the floral business, sales increased for eustoma seeds and seedlings and carnation seedlings for commercial growers, as well as flower and vegetable seedlings for home gardening and horticultural pesticides, but sales of bulbs and horticultural materials declined as stay-at-home consumption subsided,」
As the stay-at-home demand that supported the floral business through the previous fiscal year subsided, its impact has appeared as a decline in sales of bulbs and horticultural materials. - FY2024-Q1WorsenedAnnual report
「Sales of gardening materials, fertilizers, flower seedlings and vegetable seedlings for general households remained sluggish due to the reactionary decline following stay-at-home demand and the impact of extreme heat, resulting in net sales of ¥1,606 million, down 1.3% year on year.」
The reversal of stay-at-home demand that supported the floral business through the previous fiscal year, compounded by the impact of extreme heat, has appeared as weak sales of gardening products for general consumers. - FY2023WorsenedAnnual report
「Due to the reversal of stay-at-home demand during the COVID-19 pandemic and the transfer of sales channels for certain products to other companies, revenue was ¥9,178 million, down 1.6% year on year.」
The reversal of stay-at-home demand captured through the previous fiscal year has become a factor behind the floral business’s revenue decline, together with the transfer of sales channels. - FY2023-Q3RestatedAnnual report
「Due to the reversal of stay-at-home demand during the COVID-19 pandemic and the transfer of sales channels for certain products to other companies, revenue was ¥4,281 million, down 5.2% year on year.」
The reversal of stay-at-home demand that supported the floral business through the previous fiscal year has continued to be a factor behind the revenue decline, together with the transfer of sales channels. - FY2023-Q2Continued decline following the reversal of stay-at-home demandAnnual report
「Due to the reversal of stay-at-home demand during the COVID-19 pandemic and the transfer of sales channels for certain products to other companies, revenue was ¥3,253 million, down 7.0% year on year.」
The reversal of stay-at-home demand that supported the floral business through the previous fiscal year has continued, and, together with the transfer of sales channels, has become a factor behind the revenue decline. - FY2023-Q1WorsenedAnnual report
「In the horticulture business, sales of lisianthus seeds to commercial growers increased. However, the reactionary decline following COVID-19 stay-at-home demand and the transfer of sales channels for some products to other companies resulted in net sales of ¥1,627 million, down 9.4% year on year.」
The stay-at-home demand that supported performance through the previous fiscal year has reversed, appearing as a decline in sales in the floral business. - FY2022WorsenedAnnual report
「In gardening, a field that enriches people’s lives, difficult conditions have emerged, including increasingly diverse consumer needs and the normalization of stay-at-home demand, while the importance of business activities aligned with the SDGs has also increased.」
The company’s view has shifted from capturing conventional stay-at-home demand to recognizing that meeting gardening demand has become more difficult as stay-at-home demand has normalized. - FY2022-Q2RestatedAnnual report
「Planters, gardening fertilizers and other products performed steadily on stay-at-home demand resulting from restrictions on going out during the COVID-19 pandemic, while sales of flower seedlings also grew,」
The company has reconfirmed strong sales of home-gardening-related products, supported by stay-at-home demand, and growth in flower-seedling sales. - FY2022-Q1RestatedAnnual report
「In the floral business, sales of flower seedlings remained strong, supported by stay-at-home demand in the home gardening and vegetable gardening sectors as people refrained from going out during the COVID-19 pandemic, although」
The company has reconfirmed that it is capturing COVID-19-related stay-at-home demand in the home gardening and vegetable gardening sectors. - FY2021AdvancedAnnual report
「In the horticulture business, demand for home gardening and vegetable gardening expanded on stay-at-home demand arising from restrictions on outings during the COVID-19 pandemic. Sales of young plants increased, led by flower seedlings, while sales of gardening materials also remained solid. As a result, net sales rose 12.0% year on year to ¥9,471 million, and segment profit increased 176.0% year on year to ¥164 million.」
The company converted stay-at-home demand in the home gardening and vegetable gardening sectors into full-year revenue and profit growth in the floral business. - FY2021-Q3AdvancedAnnual report
「In the Floriculture business, sales increased as stay-at-home demand emerged in the home and vegetable gardening fields when people refrained from going out during the COVID-19 pandemic, and the company's proposals were adopted by customers relatively frequently. Revenue was ¥458 million, up 15.4% year on year.」
The floral business captured stay-at-home demand in the home gardening and vegetable gardening sectors during the COVID-19 pandemic, and sales increased 15.4% year on year. - FY2021-Q2AdvancedAnnual report
「The number of people engaging in home gardening increased as restrictions on going out during the COVID-19 pandemic led people to seek activities they could enjoy at home, expanding demand for home gardening and vegetable gardening, while proactive sales efforts also bore fruit,」
The company is increasing sales in the floral business by capturing expanding demand for home gardening and vegetable gardening during the COVID-19 pandemic, together with proactive sales efforts. - FY2021-Q1First statedAnnual report
「Against this backdrop, our group’s results generally remained firm, partly because we captured stay-at-home demand resulting from the COVID-19 pandemic,」
This is the first explicit identification of the group’s overall firm performance as being attributable to its capture of stay-at-home demand associated with the COVID-19 pandemic.