Decline in orders amid intensifying competition in the nonwoven mask market
First written in FY2022-Q1. 4 of 7 entries say "Worsened", first in FY2023-Q1. Latest entry: FY2025.
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- FY2025WorsenedAnnual report
「Revenue from nonwoven masks was ¥5.058 million (¥6.752 million in the previous consolidated fiscal year).」
Revenue from nonwoven masks declined from the previous fiscal year, quantitatively reflecting weak sales due to intensifying competition and lower demand in the market. - FY2024WorsenedAnnual report
「Revenue from nonwoven masks was ¥5.058 million (¥6.752 million in the previous consolidated fiscal year).」
Sales of nonwoven masks declined from the previous fiscal year. Meanwhile, sales of other hygiene-related products amounted to ¥127.050 million, and the healthcare business as a whole recorded higher revenue and turned profitable at the operating level. - FY2023WorsenedAnnual report
「During the consolidated fiscal year, orders and production of the existing nonwoven mask products struggled to grow against a backdrop of intensifying industry competition, which had continued from the previous consolidated fiscal year, and declining mask demand.」
In addition to the risk of declining orders due to intensifying competition, lower demand for masks was explicitly identified, and orders and production of nonwoven masks in the healthcare business remained sluggish. - FY2023-Q2RestatedAnnual report
「Orders and production of the existing nonwoven mask products remained sluggish against a backdrop of intensifying competition within the industry.」
Although continuing orders were received for products that were entirely domestically produced and complied with JIS standards, orders and production continued to remain sluggish against a backdrop of intensifying competition within the industry. - FY2023-Q1WorsenedAnnual report
「Orders for the existing nonwoven mask products have continued to be received from consumer cooperatives since the previous consolidated fiscal year because of their recognition of the quality of the masks as entirely domestically produced and their compliance with JIS standards. However, orders have remained sluggish due to changes in the business environment, including intensifying competition within the industry.」
Although continuing orders were received for products that were entirely domestically produced and complied with JIS standards, orders remained sluggish because of intensifying competition within the industry and other factors, weakening the recovery trend in production reported previously. - FY2022-Q2MitigatedAnnual report
「Orders for the existing nonwoven mask products temporarily declined because of changes in the business environment, including intensifying competition within the industry since the end of the previous fiscal year. However, production has been recovering since the first quarter of the current consolidated fiscal year, as consumer cooperatives recognized the quality of the masks as entirely domestically produced and their compliance with JIS standards, resulting in continuing orders from July 2021.」
Although continuing orders were received based on the masks’ entirely domestic production and compliance with JIS standards, production began to recover as a result of continuing orders. - FY2022-Q1First statedAnnual report
「Orders for the existing nonwoven mask products temporarily declined because of changes in the business environment, including intensifying competition within the industry since the end of last year.」
The Company described the actual decline in orders for nonwoven masks due to intensifying competition within the industry and other factors as a new business-environment risk.