Temporary increase in orders for home sewing thread due to stay-at-home requests and mask demand
First written in FY2020. 5 of 13 entries say "Restated". Latest entry: FY2024-Q2.
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- FY2024-Q2RestatedAnnual report
「Although orders related to automobiles increased as vehicle production continued to recover, consumption of handicraft-related products overall, including household sewing thread, remained weak as rising prices in Japan heightened consumers' inclination to economize.」
While automobile-related orders increased, consumption of handicraft-related products, including household sewing thread, remained weak against the backdrop of a stronger inclination to economize due to rising prices. - FY2023-Q3Household demand weakened as consumption shifted from stay-at-home spending to out-of-home spending.Annual report
「The handicrafts industry remained weak, affected by the shift from so-called stay-at-home spending to out-of-home spending and by broad-based price increases.」
The situation changed from household sewing-thread orders remaining at a high level or increasing sharply due to stay-at-home demand to the handicrafts industry remaining weak as a result of changes in consumer behavior and rising prices. - FY2023-Q2RestatedAnnual report
「Orders for household sewing thread and sewing thread for vehicle interiors remained weak, owing to the slow recovery in customer traffic at domestic specialty handicraft stores and the delayed recovery in vehicle production caused by semiconductor shortages and other factors.」
The Group has reconfirmed that household sewing-thread orders remain weak against the backdrop of the slowing recovery in customer traffic at specialty handicraft stores. - FY2023-Q1RestatedAnnual report
「Household sewing thread continued to see weak in-store sales with no recovery, particularly in regions where consumers were more inclined to refrain from going out,」
Household sewing thread continued to see weak in-store sales with no recovery, mainly in regions where consumers were more inclined to refrain from going out. - FY2022WorsenedAnnual report
「Household sewing thread also continued to see weak orders, as the reaction following the previous period's demand for handmade masks was compounded by a decline in the number of customers visiting stores.」
In addition to the reaction following the sharp increase in demand for handmade masks in the previous year, the decline in store visits contributed to continued weakness in household sewing-thread orders. - FY2022-Q3RestatedAnnual report
「In addition, household sewing thread, for which orders increased to unprecedented levels in the same period of the previous year due to stay-at-home demand, continued to see depressed orders during the current period as a result of the corresponding reaction,」
The document states that household sewing-thread orders remained depressed during the current period due to the reaction following the sharp increase in orders driven by stay-at-home demand in the same period of the previous year. - FY2022-Q2WorsenedAnnual report
「In addition, household sewing thread, for which orders increased to unprecedented levels in the same period of the previous year due to stay-at-home demand, saw a substantial decline in orders during the current period as a result of the corresponding reaction, compared with the same period of the previous year,」
Orders during the current period declined substantially year on year due to the reaction following the sharp increase in household sewing-thread orders driven by stay-at-home demand in the same period of the previous year. - FY2022-Q1The sharp increase in household sewing-thread demand in the same period of the previous year was cited as a factor in the year-on-year decline in revenue.Annual report
「Because the same period of the previous year saw an unprecedented increase in household sewing-thread orders accompanying a sharp rise in domestic demand for handmade masks, revenue for the cumulative first quarter of the current consolidated fiscal year was ¥1,329 million, down 21.0% year on year, and was substantially below the same period of the previous year.」
For household sewing thread, the document cites the sharp increase in orders driven by demand for handmade masks in the same period of the previous year, rather than current-period demand trends, as a factor in the comparative decline in revenue. - FY2021Household sewing-thread orders remain at a high level but are showing signs of settling and slowing.Annual report
「Although demand for sewing at home, which could also be described as stay-at-home demand, gradually began to settle, it continued to remain at a high level, and orders for household sewing thread during the current consolidated fiscal year exceeded those in the previous consolidated fiscal year.」
Demand for sewing at home gradually settled but remained at a high level, and full-year household sewing-thread orders exceeded those in the previous fiscal year. At the same time, the document also describes a trend toward slowing in the following fiscal year. - FY2021-Q3RestatedAnnual report
「Demand for sewing at home, which could also be described as stay-at-home demand, continued to remain at a high level, and domestic orders for household sewing thread remained firm.」
The Group has reconfirmed that demand for sewing at home continues to remain at a high level and that domestic orders for household sewing thread remain firm. - FY2021-Q2Household sewing-thread orders changed from a sharp increase to remaining at a high level.Annual report
「Demand for handmade products at home, driven by restrictions on going out and other factors, remained firm, and orders for household sewing thread, a handicraft material, continued to remain at a high level.」
The previous filing described a "sharp increase in domestic household sewing-thread orders"; this time, it states that demand for handmade products at home remained firm and that household sewing-thread orders "remained at a high level." - FY2021-Q1Household sewing-thread orders changed from a temporary increase to a sharp increase.Annual report
「The domestic handicrafts industry was significantly affected by the spread of COVID-19, with demand for handmade masks and other products increasing as a result of shortages of disposable masks and restrictions on going out, leading to a sharp increase in domestic orders for household sewing thread and creating market conditions the industry had never previously experienced.」
The description changed from the previous period's "temporary upward trend" to a "sharp increase" in domestic household sewing-thread orders, driven by demand for handmade masks and other products. - FY2020First statedAnnual report
「While orders for household sewing thread have temporarily been trending higher due to shortages of disposable masks and increased demand for handicrafts accompanying restrictions on going out,」
For the first time, the document states that orders for household sewing thread temporarily trended higher as shortages of disposable masks and restrictions on going out increased demand for handicrafts as an impact of COVID-19.