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Mitsui Matsushima Holdings (1518) · FactDemand outlook updated

明光商会’s competitive advantages and resilient demand for shredders

First written in FY2020-Q1. . Latest entry: FY2022.

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ProgressHeldSoftenedWorseOtherFY2020-Q1 – FY20222019: 120192020: 020202021: 120212022: 12022
Same theme, other companies
Resilient shredder demand driven by information security awarenessA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

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  1. FY2022Demand outlook updatedAnnual report

    「Although there have recently been signs of a decline in demand for office equipment as the spread of telework prompted by the COVID-19 pandemic has continued, demand for the company’s core products, shredders and automated reception guidance systems, is expected to expand going forward, owing to the progress of vaccinations and the resulting trend of returning from telework to working in the office, moves by local governments, financial institutions and others to review visitor and customer reception systems to avoid the “3 Cs,” and growing awareness of information security among companies and individuals.」

    While recognizing the decline in demand caused by telework, the company has added vaccinations, the return to working in the office, reviews of reception systems, and greater awareness of information security as factors supporting demand growth.
  2. FY2021Demand outlook updatedAnnual report

    「At the beginning of the fiscal year, there were signs of a decline in demand for office equipment in some areas as the spread of telework prompted by the COVID-19 pandemic became widespread. However, demand for the company’s core products, shredders and automated reception guidance systems, is expected to expand going forward, owing to the recent trend of returning from telework to working in the office, moves by local governments, financial institutions and others to review visitor and customer reception systems to avoid the “3 Cs,” and growing awareness of information security among companies and individuals.」

    The description changed from a decline in demand caused by telework at the beginning of the fiscal year to an outlook for demand growth recently, supported by the return to working in the office, reviews of reception systems, and greater awareness of information security.
  3. FY2020-Q1First statedAnnual report

    「明光商会 is the leading company in the industry, commanding an overwhelming share as Japan’s largest shredder manufacturer. It has 3 competitive advantages: a solid customer base, a direct-sales and maintenance network covering all of Japan, and superior product development capabilities. As an industry pioneer, it has established an unshakable position. Through a virtuous cycle generated by its brand, sales and technological capabilities, the company has achieved stable results, and demand for shredders with superior confidential-document processing capabilities is expected to remain resilient, supported by growing awareness of the protection of personal information and information security.」

    The company identifies 明光商会’s customer base, nationwide direct-sales and maintenance network, product development capabilities, and brand, sales and technological capabilities as competitive advantages, and states that demand for shredders is expected to remain resilient amid growing awareness of personal information protection and information security.
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Mitsui Matsushima Holdings's next results are scheduled for 2026-11-13. Read the earnings preview
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