Responding to the sharp decline in demand through the production of cloth masks
First written in FY2021-Q1. 2 of 4 entries say "Restated". Latest entry: FY2022.
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- FY2022DroppedAnnual report
「The disappearance of cloth-mask production, which had contributed to maintaining the operating rate in the previous consolidated fiscal year」
Production of cloth masks, which had offset the decline in demand for existing products during the COVID-19 pandemic, ended, and mask sales recorded in the previous fiscal year disappeared in the current fiscal year. - FY2021-Q3RestatedAnnual report
「Production of cloth masks in the first half provided support, enabling the company to maintain approximately the same level as in the same period of the previous year.」
A measure in which cloth-mask production supported net sales in response to sluggish demand and orders for existing products continues to be disclosed. - FY2021-Q2RestatedAnnual report
「Although the sharp decline in demand caused by the spread of COVID-19 led to excess inventory in the apparel market and was a factor behind weak orders for existing products, sales were offset by the production of cloth masks and other products.」
A measure to make up for sluggish demand and orders for existing products through the production of cloth masks and other products continues to be disclosed. - FY2021-Q1First statedAnnual report
「Cloth masks contributed to the increase in net sales. Although production of existing products such as casual wear declined, profit increased because production of cloth masks enabled the company to maintain its operating rate.」
A measure to produce cloth masks in response to declining demand for existing products caused by COVID-19, thereby increasing net sales and maintaining the operating rate, is described for the first time.