Sharp Decline in Demand and Deterioration of the Business Environment Due to COVID-19
First written in FY2021-Q1. 3 of 8 entries say "Softened", first in FY2022-Q1. Latest entry: FY2023-Q1.
Tokushu Tokai Paper moved to the "Worse" side of this theme in 2022, 2 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 112 of 175 companies on the "Worse" side.
17 other companies' latest entry also says "Softened".
- FY2023-Q1SoftenedAnnual report
「During the first quarter cumulative period, the business environment surrounding the Group remained uncertain, despite progress toward the normalization of economic and social activity, due to the rapid depreciation of the yen, soaring raw material and fuel prices, and the prolonged geopolitical risks, among other factors.」
The company states that economic and social activity is returning to normal and that the deterioration in the business environment caused by the pandemic has eased from the previous fiscal year. At the same time, other external environmental risks remain. - FY2022SoftenedAnnual report
「During the current consolidated fiscal year, the business environment surrounding our Group improved substantially compared with the previous fiscal year, which was affected by COVID-19, and demand continued to recover.」
The business environment and demand improved compared with the previous fiscal year, which was affected by COVID-19. However, recovery remains weak for some specialty printing paper products. - FY2022-Q3WorsenedAnnual report
「On the other hand, economic activity has recently begun to stagnate amid the rapid spread of infections caused by variants, and uncertainty is intensifying.」
The business environment and demand improved year on year, while recent economic activity has stagnated amid the rapid spread of infections caused by variants and uncertainty has intensified. - FY2022-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, the business environment surrounding our Group improved substantially compared with the previous fiscal year, which was affected by COVID-19, and demand continued to recover.」
The business environment improved substantially and demand recovery progressed compared with the previous fiscal year, which was affected by COVID-19. At the same time, the effects of infection-control measures remain in some applications. - FY2022-Q1SoftenedAnnual report
「During the first quarter of the current consolidated cumulative period, the business environment surrounding our Group improved substantially compared with the previous fiscal year, which was affected by COVID-19, and demand continued to recover.」
The business environment improved substantially and demand recovered compared with the previous fiscal year, which was affected by COVID-19. At the same time, difficult conditions continue for some applications of specialty printing paper. - FY2021-Q3RestatedAnnual report
「With the recent resurgence of infections, uncertainty about the outlook continues.」
The resurgence of COVID-19 infections has left the outlook uncertain. Although the sharp decline in demand continues for specialty printing paper and other products, signs of recovery from the third quarter onward are also indicated. - FY2021-Q2MaterialisedAnnual report
「Demand for specialty printing paper for commercial printing, publishing and packaging declined sharply from April onward due to the impact of COVID-19. From the second quarter, however, demand has been on a recovery trend, and the extent of the decline in sales volume and value has been narrowing.」
The sharp decline in demand caused by COVID-19 actually occurred in specialty printing paper. The second quarter also saw a recovery in demand and a narrowing of the decline. - FY2021-Q1First statedAnnual report
「During the first quarter of the current consolidated cumulative period, the Japanese economy deteriorated rapidly and entered an extremely difficult situation due to the stagnation of economic activity accompanying the spread of COVID-19 and other factors.」
The stagnation of economic activity and deterioration of economic conditions caused by the spread of COVID-19 were explicitly identified for the first time, and the actual impact on demand and sales volumes for specialty printing paper, specialty functional paper, toilet paper and laminating products was described.