Risk of Declining Product Demand and Fluctuating Sales Prices
First written in FY2017. 8 of 18 entries say "Materialised", first in FY2020-Q3. Latest entry: 2026-08-07.
Hokuetsu moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
The whole theme swung hardest in 2018: 10 of 21 companies on the "Worse" side.
5 other companies' latest entry also says "Materialised".
- 2026-08-07MaterialisedEarnings
「Operating profit of ¥687 million, down 78.9% year on year, ordinary profit of ¥1,695 million, down 52.9% year on year, and quarterly net income attributable to owners of the parent of ¥1,634 million, down 25.3% year on year, due to higher raw material and fuel prices associated with heightened tensions in the Middle East and declining pulp prices at overseas subsidiaries.」
Risks from product prices and market conditions emerged in the results as declining pulp prices at overseas subsidiaries and lower consolidated profit. - FY2026MaterialisedAnnual report
「Revenue and operating profit declined due to softer global pulp market conditions, continued weakness in domestic demand for paper, and lower sales volumes resulting from softer export market conditions.」
The risks of declining product demand and sales-price volatility materialised as lower full-year revenue and profit due to weaker domestic demand for printing paper, lower export sales volumes and softer pulp market conditions. - FY2026-H1MaterialisedAnnual report
「Due to lower pulp sales volumes in overseas markets and lower sales volumes of printing paper and paperboard, among other factors,」
The risks of declining product demand and sales volumes materialised as lower sales volumes of pulp, printing paper and paperboard in overseas markets, resulting in lower overall revenue and profit. - FY2025-H1MaterialisedAnnual report
「The paper and pulp business posted lower revenue and profit due to declines in pulp selling prices at overseas subsidiaries, among other factors.」
Product-price volatility risk materialised as lower pulp selling prices at overseas subsidiaries and lower revenue and profit in the paper and pulp business. - FY2024WorsenedAnnual report
「The domestic paper and pulp industry continues to face increasingly challenging business conditions amid changes in market structure resulting from the progress of digitalisation and the establishment of the new normal, including shrinking demand for printing and communication paper.」
The disclosure states that business conditions have become increasingly challenging due to changes in market structure resulting from digitalisation and the establishment of the new normal, as well as shrinking demand for printing and communication paper. - FY2023RestatedAnnual report
「Structural demand decline in domestic printing and communication paper continues, while market-pulp prices in Japan and overseas are subject to significant volatility due to the global supply-demand balance and the effects of speculative market-price formation.」
The structural decline in demand for printing and communication paper and significant volatility in market-pulp prices remain important factors affecting operating performance. - FY2022RestatedAnnual report
「In the domestic printing and communication paper business, structural demand decline is continuing despite some rebound from the demand slump caused by the COVID-19 pandemic and other factors.」
Although demand has recovered temporarily, structural demand decline in printing and communication paper continues, according to the disclosure. - FY2022-Q3MitigatedAnnual report
「In our Group, industry-wide demand fell sharply the previous year due to the COVID-19 pandemic, but began to recover during the current year, with sales volumes increasing particularly for printing paper and white-coated paper,」
Demand for paper products, which had fallen sharply the previous year, is described as recovering alongside higher sales volumes of printing paper and white-coated paper. However, uncertainty about the outlook remains due to the resurgence of infections. - FY2022-Q1MitigatedAnnual report
「Demand began to recover during the year, with sales volumes increasing particularly for printing paper and white-coated paper,」
Demand for paper products, which had fallen sharply the previous year, showed signs of recovery through higher sales volumes of printing paper and white-coated paper. However, this does not indicate a recovery to previous levels. - FY2021MaterialisedAnnual report
「In our core domestic printing and communication paper business, structural demand decline is continuing, and the COVID-19 pandemic has accelerated this decline. In addition to the supply-demand balance, market prices for market pulp have also been subject to speculative price formation, resulting in significant price volatility.」
The risks of declining demand and sales-price volatility continue to materialise as an acceleration in the structural decline in demand for printing and communication paper and significant volatility in market-pulp prices. - FY2021-Q3MaterialisedAnnual report
「Revenue and profit declined as sales volumes of paper products fell and the unit selling price of pulp decreased.」
Declining product demand and sales prices materialised as a 20.9% decline in paper and pulp business revenue and an operating loss. - FY2021-Q1WorsenedAnnual report
「Demand for paper products and pulp has declined rapidly both in Japan and overseas due to the impact of the COVID-19 pandemic. The impact has been particularly severe on printing and communication paper and pulp, our Group’s core products, affecting business performance, including through downward revisions to our initial plan.」
The previous risks of declining demand and sales-price volatility have intensified as a rapid decline in demand for paper products and pulp in Japan and overseas due to the COVID-19 pandemic has affected business performance. - FY2020-Q3MaterialisedAnnual report
「Although we implemented a price revision for printing paper in January 2019, revenue declined due to sluggish domestic demand and sluggish selling prices overseas,」
Weak product demand and sluggish overseas selling prices have materialised as an actual decline in revenue. - FY2019WorsenedAnnual report
「The domestic paper and pulp industry is facing increasingly challenging business conditions due to declining demand for printing and communication paper as information media become digital, surging logistics and raw-material and fuel costs, and changes in the social structure, among other factors.」
The decline in demand for printing and communication paper has been specified as resulting from digitisation and changes in the social structure, while business conditions continue to deteriorate amid higher logistics, raw-material and fuel costs. - FY2018WorsenedAnnual report
「The domestic paper and pulp industry is facing increasingly challenging business conditions due to shrinking demand for printing and communication paper, sluggish selling prices and rising raw-material and fuel prices, among other factors.」
Regarding product-demand and price risks, we state that business conditions have become increasingly challenging due to shrinking demand for printing and communication paper, sluggish selling prices and high raw-material and fuel costs. - FY2017First statedAnnual report
「We may be affected by declining demand resulting from an economic downturn. In addition, because a high proportion of the Group’s products are commodity products, product prices may fluctuate with changes in economic conditions.」
The company identifies declining product demand during economic downturns and product-price volatility caused by market conditions as risks to results and financial position.