Developing new customers and expanding sales of proprietary products

「In this environment, our group pursued selling-price revisions to address rising costs, greater efficiency at manufacturing sites, and the development of new customers and suppliers.」

「In this environment, our group is pursuing selling-price revisions to address rising costs, greater efficiency at manufacturing sites, and the development of new customers and suppliers.」

「For products destined for Southeast Asia, delivery of processed products that had been delayed at the end of the previous consolidated accounting period progressed smoothly. New inquiries also increased, and new orders remained firm.」

「Although fabric sales to Southeast Asia were partly affected by COVID-19, orders and shipments and sales progressed relatively smoothly during the cumulative second-quarter consolidated accounting period, supported by increased demand from local events and other factors. In addition, long-term orders have been strong through the use of new internet-based sales tools.」

「Although fabric sales to Southeast Asia were partly affected by COVID-19, we were able to secure orders and make shipments and sales relatively smoothly. Going forward, recovery from the second quarter onward is expected through the use of new internet-based sales tools and flexible changes to product specifications in response to market needs.」

「Meanwhile, orders were received from customers that had gradually expanded internet sales and established sales formats different from those used previously, and business progressed generally smoothly.」

「Regarding our sales of fabrics to the Middle East, which we have pursued since the second half of the previous fiscal year, the time had come to make full-scale deliveries of products for the next Ramadan sale. As considerable processing volumes were received from various companies, production at processing plants was extremely tight and delivery deadlines remained challenging, but we achieved the planned sales. For sales of fabrics to Southeast Asia, we also began receiving greige fabric in October and are expected to begin processing contracted orders, contributing to the recognition of sales going forward.」

「Sales of fabrics to Southeast Asia, including new products, have also progressed smoothly, and are expected to contribute to future sales.」

「Although sales costs for fabrics for ethnic clothing in the Middle East are currently being incurred ahead of sales, contracts have gradually been concluded since the third quarter, resulting in annual sales of ¥19.146 million. Conditions in the Middle East remain uncertain due to domestic policy issues in Saudi Arabia and relations with Iran, but we will supply products that capitalize on our strengths and work to secure profits in the next fiscal year.」

「Sales of fabrics for ethnic clothing in the Middle East, which we began pursuing as a new business, got underway amid political issues in Saudi Arabia and various problems in neighboring countries. Although volumes were small, we concluded contracts in several regions and recorded ¥4.775 million in sales in the cumulative third quarter. Going forward, we will establish a basic commercial platform and develop products suited to the market.」

「Orders for polyester-related products produced results that differed from expectations, but are expected to decline going forward, making it necessary to urgently develop new fields and products to replace them.」

「In the textile business, we will develop the market by pursuing applications for high-performance fibers and the early establishment of new sales channels. We will also continue developing proprietary products that combine various materials.」

「Our immediate challenge is to develop alternative materials and new customers in order to maintain order volumes and sales.」

「The addition of several new customers for both aramid fibers and dope-dyed yarn also contributed to the increase in order volumes.」

「We will continue developing new customers while working on the development of our own proprietary products.」

「Although this has not yet led to actual sales, 2 or 3 new customers have requested prototypes, indicating a strong possibility that new business relationships will begin and that conditions are favorable for sales growth.」

「Meanwhile, the number of new sales channels increased, and production of new products for acrylic and sewing threads also increased.」

「In addition, the acquisition of new customers increased made-to-order production of acrylic and polyester materials, resulting in textile segment net sales of ¥124.737 million and an operating loss of ¥681 thousand for the cumulative first quarter.」

「We will continue developing new customers while working on the development of our own proprietary products.」