Shrinking Demand in Japan’s Dyeing and Finishing Market

「Net sales declined because orders in the uniform sector fell in both the private-sector and government-sector markets in the domestic textile dyeing and processing business.」

「Against this backdrop, in our domestic dyeing and processing business, we sought to capture transferred orders resulting from competitors' closures and organizational changes. Orders in the casual-wear field increased, but we struggled to secure orders in the workwear and school-uniform fields due in part to inventory adjustments.」

「Against this backdrop, in our domestic dyeing and processing business, we sought to capture transferred orders resulting from competitors' closures and business downsizing, but struggled to secure orders due in part to excess distribution inventories in the workwear and school-uniform fields.」

「In Japan, we expect the restructuring trend in the textile industry, including major spinning companies' withdrawal from textile operations, to continue. We will seek to expand orders by actively capturing transferred orders, pursuing new materials, expanding specialty processed products and proposing new products.」

「In the dyeing and processing industry, closures, bankruptcies, business downsizing, withdrawals and workforce reductions are accelerating, and the difficult business environment continues. Although we have repeatedly requested increases in processing fees to pass through rising raw material and energy costs, fee increases commensurate with those cost increases have still not been implemented. There are concerns not only over declining production capacity but also over the weakening of capabilities across Japan's textile industry.」

「The company promoted cost-reduction activities, including capturing diverted demand resulting from competitors exiting the business or changing their operating structures, ongoing revisions to processing fees, equipment improvements and upgrades, process rationalization and reductions in chemical usage aimed at reducing raw material and energy usage intensity.」

「We expect order volumes to recover by meeting customers' requests and expectations for orders associated with the restructuring of domestic dyeing and processing plants.」

「In Japan, sales in the casual-wear and uniform-use segments remained weak, resulting in lower sales.」

「During the cumulative nine-month period under review, the Japanese economy remained uncertain. Although expectations for the resumption and recovery of economic activity rose as vaccination against COVID-19 progressed and restrictions were eased, as well as for a recovery in corporate investment and production, the outlook remained uncertain due to sharp global increases in crude oil and raw material prices, the spread of the Omicron variant and concerns over a sixth wave of infections in Japan.」

「Concerns over a delayed economic recovery continue as states of emergency and priority preventive measures have been reimposed following the emergence of variants and other developments. However, economic recovery is expected to gain momentum from October onward as states of emergency are lifted, vaccination rates rise and infection-prevention measures become more widespread.」

「In the dyeing and processing industry, signs of recovery, led by personal consumption, are expected over the long term as vaccinations accelerate. In the near term, however, activity restrictions to prevent the spread of COVID-19 are acting as a drag, making a recovery in consumption unlikely and leaving conditions challenging.」

「Although there were signs of improvement from June onward after the requests for voluntary restrictions were lifted, apparel sales remained sluggish due to the resurgence of infections, and difficult business conditions continued.」

「In the dyeing and processing industry, personal consumption fell sharply due to restrictions on going out to prevent the spread of COVID-19 and requests from local governments to suspend business operations. Even after these requests were lifted and economic activity resumed, sales of textile products remained sluggish, and difficult business conditions continued.」

「The dyeing and processing industry has also faced an increasingly severe business environment, as sales of textile products have slumped amid restrictions on going out to prevent the spread of COVID-19 and requests from local governments to suspend business operations.」

「For the textile business, comprising dyeing and processing and sewn-product sales, we expect the challenging environment in Japan to continue, with structurally declining apparel demand due to the declining birthrate, population aging and population decline, compounded by stalled corporate activity, restrictions on going out and lower orders resulting from weak sales due to the impact of COVID-19.」

「In Japan, orders in textile processing for corporate uniforms and other non-apparel applications, including materials, remained firm, but orders for standard processed products failed to grow amid weak market conditions, resulting in lower sales.」

「Although employment and income conditions continue to improve, the outlook remains uncertain amid concerns over escalating trade friction between the United States and China, a slowdown in overseas economies, sluggish consumption following the consumption tax increase, and growing consumer frugality.」

「In Japan, orders in the non-apparel field, including uniforms, remained firm in woven-fabric processing, but orders for standard products declined because customers were adjusting inventories, resulting in lower revenue. In knitted-fabric processing, production volume was reduced as a result of structural reforms focused on profitability initiated in the previous fiscal year, resulting in lower revenue, but profitability improved.」

「In Japan, apparel demand is structurally declining due to the declining birthrate, an aging population and population decline, and the company expects the challenging environment to continue because of frugal consumer behavior.」

「However, in knitted-fabric processing, sales declined as the business remained in a transitional phase toward a sales policy focused on profitability, against a backdrop of weak women's apparel demand.」

「In Japan, orders for uniforms were at around last year's level, but sales declined due to weak casual wear demand, while efforts to develop new customers did not result in orders.」

「In Japan's dyeing and processing industry, the domestic order environment remains challenging. Against a backdrop of population decline due to the declining birthrate and an aging population, as well as frugal consumer behavior, sales of fashion apparel in particular continue to stagnate.」

「In Japan's dyeing and processing industry, apparel sales volumes at retail outlets have declined because of persistent frugality among consumers, and the challenging order environment continues.」

「In Japan, apparel demand is structurally declining due to the declining birthrate, an aging population and population decline, and the company expects the challenging environment to continue because of frugal consumer behavior.」

「In Japan's dyeing and processing industry, apparel demand is structurally declining due to the declining birthrate, an aging population and population decline. In addition, persistent frugality among consumers has deepened the slump in apparel sales at department stores and other outlets, making the order environment increasingly challenging.」

「In Japan's dyeing and processing industry, apparel demand is structurally declining due to the declining birthrate, an aging population and population decline. In addition, increasingly frugal consumer behavior has deepened the slump in apparel sales at department stores and other outlets, making the order environment increasingly challenging.」

「In Japan's dyeing and processing industry, apparel sales at retail outlets continue to decline because of sluggish consumer spending, resulting in a persistently challenging order environment.」

「Demand in Japan's dyeing and processing market is expected to continue declining as a result of sluggish consumer spending and the relocation of production overseas.」