Declining Domestic Demand and Falling Market Prices
First written in FY2016. 17 of 40 entries say "Worsened", first in FY2018-Q1. Latest entry: 2026-10-14.
Okayama Paper Industries moved to the "Worse" side of this theme in 2016.
1 other company's latest entry also says "Mitigated".
- 2026-10-14MitigatedEarnings
「当事業関連では、販売数量はほぼ前年同四半期並みだったものの、製品価格改定が寄与し、売上高は2,431百万円(前年同四半期比3.3％増)、セグメント利益は237百万円(前年同四半期比12.2％増)となりました。」
板紙販売数量は前年同期並みで、国内需要減少による数量面の悪化は当四半期には拡大していない。 - FY2026WorsenedAnnual report
「Domestic paperboard demand lacked strength, and the sales mix also changed, including an increase in the export ratio from the second quarter onward. As a result, sales volume declined 1.0% from the previous period and revenue was ¥9,823 million, down 3.6% from the previous fiscal year.」
Domestic paperboard demand remained weak, with paperboard sales volume down 1.0% from the previous period and revenue down 3.6%. - FY2026-H1WorsenedAnnual report
「Domestic paperboard demand lacked strength, and the sales mix also changed, including an increase in the export ratio from the second quarter onward. As a result, sales volume declined 1.5% year on year, revenue was ¥4,889 million, down 6.4% year on year, and segment profit was ¥490 million, down 24.6% year on year.」
Domestic paperboard demand remained weak, with sales volume down 1.5% year on year, revenue down 6.4%, and segment profit down 24.6%. - FY2025WorsenedAnnual report
「As growth in real incomes failed to keep pace with rising prices, personal consumption lacked strength, and domestic demand for paperboard remained slightly below the previous year's level.」
Despite the economic recovery trend, real income failed to keep pace with inflation and domestic paperboard demand fell slightly below the previous year. Paperboard sales volume increased 0.6% from the previous period, but the risk of declining domestic demand remains. - FY2025-H1MitigatedAnnual report
「Paperboard sales volume remained broadly in line with the previous year, and revenue increased as product prices were also maintained.」
Paperboard sales volume increased 0.9% year on year, remaining broadly in line with the previous year. The impact of the demand decline seen in the past weakened during the interim accounting period. This does not indicate that demand increased significantly. - FY2024WorsenedAnnual report
「Domestic sales volume of corrugating medium and other paperboard, the company’s principal products, declined as demand fell due to the impact of restrained consumption resulting from rising prices and other factors.」
Paperboard demand declined against the backdrop of restrained consumption due to rising prices and other factors, and paperboard sales volume declined 3.1% from the previous fiscal year. The risk of declining domestic demand continued to be reflected in full-year results. - FY2024-Q3WorsenedAnnual report
「As demand for paperboard, particularly corrugating medium, declined, sales volume fell 3.5% year on year.」
The decline in paperboard demand continued against the backdrop of restrained consumption due to rising prices and other factors, and paperboard sales volume declined 3.5% year on year. The risk of declining domestic demand continued to be reflected in results. - FY2024-Q2WorsenedAnnual report
「Demand for paperboard, particularly corrugating medium, declined due to the impact of restrained consumption resulting from rising prices and other factors, and sales volume declined.」
Paperboard demand declined against the backdrop of restrained consumption due to rising prices and other factors, and paperboard business sales volume declined 4.4% year on year. The risk of declining domestic demand was reflected in results. - FY2024-Q1WorsenedAnnual report
「Although paperboard demand declined due to an economic slowdown caused by soaring prices and other factors, sales increased as product price revisions took hold.」
Paperboard demand declined against the backdrop of an economic slowdown caused by soaring prices and other factors, and paperboard business sales volume declined 5.2% year on year. The risk of declining demand was reflected in results. - FY2023WorsenedAnnual report
「Demand declined in the second half due to an economic slowdown caused by soaring prices and other factors, making the outlook uncertain.」
Paperboard sales volume declined 4.5% from the previous fiscal year, indicating that declining domestic demand was reflected in full-year results. - FY2023-Q3WorsenedAnnual report
「As society and the economy continued to transition to activities compatible with COVID-19, the domestic economy gradually recovered. However, paperboard demand, particularly for corrugating medium, has recently weakened somewhat due to rising consumer prices and other factors.」
Although the domestic economy recovered, paperboard demand recently weakened somewhat against the backdrop of rising consumer prices and other factors. Paperboard sales volume also declined 4.0% year on year, indicating that the risk of declining domestic demand had again emerged in results. - FY2023-Q2MitigatedAnnual report
「As society and the economy continued to transition to activities compatible with COVID-19, the domestic economy gradually recovered, and demand for paperboard, particularly corrugating medium, remained generally firm.」
The filing describes a recovery in the domestic economy and generally firm paperboard demand, indicating that the impact of the risk of declining domestic demand eased from the previous fiscal year. However, paperboard sales volume declined due to changes in the customer mix. - FY2023-Q1MitigatedAnnual report
「Although concern arose over the impact of the seventh wave of COVID-19 infections from July 2022 onward, demand for paperboard, particularly corrugating medium, remained generally firm.」
Although concern over the seventh wave of infections was noted, paperboard demand remained generally firm, and the impact of the risk of declining domestic demand was contained. - FY2022MitigatedAnnual report
「Domestic sales volume of corrugating medium and other paperboard, the company’s principal products, recovered significantly from the previous year.」
As the impact of the economic downturn caused by COVID-19 eased, domestic paperboard sales volume recovered significantly from the previous year. - FY2022-Q3MitigatedAnnual report
「Regarding operating results for the third quarter cumulative period, the impact of the economic downturn caused by the spread of COVID-19 eased, and demand for paperboard, particularly corrugating medium, began to recover. The company’s paperboard sales volume also increased significantly from the previous fiscal year.」
The impact of the economic downturn eased, paperboard demand recovered, and paperboard sales volume increased 8.9% year on year. The impact of the risk of declining domestic demand weakened from the previous quarter. - FY2022-Q2MitigatedAnnual report
「Overall domestic economic activity recovered, and demand for paperboard, particularly corrugating medium, began to recover. The company’s paperboard sales volume also increased significantly from the previous fiscal year.」
The recovery in domestic demand lifted paperboard sales volume 11.6% year on year. The previous impact of declining demand weakened during the quarter. - FY2022-Q1MitigatedAnnual report
「The company increased paperboard export volumes and worked to maintain a certain level of production efficiency and secure sales and profit.」
Although domestic demand for paperboard remained sluggish, increased export volumes lifted paperboard sales volume 16.0% year on year, partially offsetting the impact of declining demand. - FY2021MaterialisedAnnual report
「The spread of COVID-19 caused overall domestic industrial activity to stagnate, resulting in a significant decline in demand for paperboard, particularly corrugating medium.」
Domestic demand continued to decline, with sales down 6.3% from the previous fiscal year and paperboard business sales down 7.0%. - FY2021-Q3MaterialisedAnnual report
「Due to the continuing decline in demand resulting from the spread of COVID-19 since 2020, nationwide corrugated-product production continued to decline year on year. Partly as a result, the company’s paperboard sales declined 8.8% from the same quarter of the previous year.」
The decline in demand for corrugated products continued, and paperboard sales declined 8.8% year on year. The risk of declining domestic demand continued to be reflected in results. - FY2021-Q2MaterialisedAnnual report
「In 2020, demand declined due to the spread of COVID-19, and nationwide corrugated-product production declined by more than 3% year on year. Partly as a result, the company’s paperboard sales volume declined 6.4%.」
The decline in domestic demand for corrugated products was quantified: nationwide corrugated-product production declined by more than 3% year on year, while the company’s paperboard sales volume declined 6.4%. The risk of declining domestic demand was reflected in results. - FY2021-Q1MaterialisedAnnual report
「As demand for corrugated and other packaging materials across industries stagnated due to the spread of COVID-19, sales volumes of both core-stock paper and corrugating medium declined.」
Demand for packaging materials actually stagnated due to the spread of COVID-19, and paperboard business sales volume declined 9.7% year on year. - FY2020WorsenedAnnual report
「Sales by business segment have remained composed of slightly less than 90% from the paperboard business and slightly more than 10% from the decorative corrugated board business. Both businesses are focused on domestic demand and are significantly affected by domestic economic conditions. A decline in demand or falling market prices resulting from a downturn in the domestic economy could adversely affect the company’s operating results and financial position.」
The risk of declining domestic demand continued. Due to a decrease in corrugated-product production area and the impact of COVID-19, paperboard sales volume was 95.6% of the previous fiscal year. In the decorative corrugated board business, sales for fruits and vegetables were 85.4% and sales for communications equipment were 82.5%, indicating that weak demand was reflected in results. - FY2020-Q3WorsenedAnnual report
「Regarding operating results for the third quarter cumulative period, production area for corrugated products, which had continued to grow by approximately 1% annually, turned negative year on year in 2019 amid a slowdown in the domestic economy. Sales volume of corrugating medium, the company’s principal product, declined. Sales in the decorative corrugated board business also declined, resulting in a slight decrease in revenue from the same quarter of the previous year.」
Against the backdrop of a slowdown in the domestic economy, corrugated-product production area turned negative year on year in 2019, and sales volume of corrugating medium and sales in the decorative corrugated board business declined. Paperboard business sales volume declined 3.8% year on year, and decorative corrugated board sales declined 4.6%, indicating that the risk of declining demand was reflected in results. - FY2020-Q2WorsenedAnnual report
「As the rainy season lasted longer and a period of low temperatures continued, demand for corrugated products for beverages and other applications stagnated, and sales volume of corrugating medium declined. Sales in the decorative corrugated board business also declined, resulting in a slight decrease in revenue from the same quarter of the previous year.」
Weather-related factors caused demand for corrugated products to stagnate, and sales volume of corrugating medium declined. Paperboard business sales volume declined 4.9% year on year, sales declined 1.4%, and decorative corrugated board sales declined 6.3%, quantifying the impact of declining demand. - FY2020-Q1WorsenedAnnual report
「As the rainy season lasted longer and a period of low temperatures continued, demand for corrugated products for beverages and other applications stagnated, and sales volume of corrugating medium declined. Sales in the decorative corrugated board business also declined, resulting in a slight decrease in revenue from the same quarter of the previous year.」
Conditions reversed from the increase in demand seen in the first quarter of the previous fiscal year, with weather-related stagnation in demand for corrugated products, lower sales volume of corrugating medium, and lower sales in the decorative corrugated board business. - FY2019MitigatedAnnual report
「Demand for corrugating medium remained firm in the paperboard industry due to the spread of e-commerce, including online mail-order sales, and active movement of goods supported by favorable economic conditions.」
Although sales of some products, including those for fruits and vegetables, declined, demand for corrugating medium remained firm. Paperboard sales increased 10.6% year on year, and decorative corrugated board sales increased 10.8%. The overall impact of the risk of declining domestic demand weakened. - FY2019-Q3MitigatedAnnual report
「○ Paperboard business Sales volume in the related business increased 1.1% year on year, and product price revisions took hold. As a result, sales increased 11.7% year on year to ¥6,569 million, and segment profit was ¥570 million, compared with segment profit of ¥11 million in the same quarter of the previous year. ○ Decorative corrugated board business Key communications-equipment-related products in the related business performed steadily. Sales increased 10.7% year on year to ¥937 million, and the segment loss was ¥14 million, compared with a segment loss of ¥35 million in the same quarter of the previous year.」
Paperboard sales volume and revenue increased, while key communications-equipment-related products in the decorative corrugated board business also performed steadily. The impact of declining domestic demand seen through the previous period weakened during the cumulative quarter. - FY2019-Q2MitigatedAnnual report
「Regarding operating results for the second quarter cumulative period, sales of corrugating medium, the company’s principal product, remained firm due to the spread of e-commerce, including online mail-order sales, and active movement of goods supported by favorable economic conditions,」
Sales of corrugating medium remained firm, and paperboard business sales volume increased 2.5% year on year. The impact of weak domestic demand and falling market prices seen through the previous period weakened during the cumulative quarter. - FY2019-Q1MitigatedAnnual report
「Operating results for the first quarter cumulative period increased in revenue due to stronger demand for corrugated products for e-commerce, beverages and other applications, as well as the impact of product price revisions undertaken since the previous fiscal year.」
Demand for corrugated products increased, with paperboard business sales volume up 2.6% year on year, while key communications-equipment-related products in the decorative corrugated board business also performed steadily. The impact of declining domestic demand and falling market prices weakened during the quarter. - FY2018MaterialisedAnnual report
「Due to a decrease in key communications-equipment-related products, sales declined 4.4% year on year to ¥1,140 million, and the segment loss was ¥37 million, compared with a loss of ¥10 million in the previous fiscal year.」
Key communications-equipment-related products declined in the decorative corrugated board business, resulting in a 4.4% year-on-year decline in sales and a segment loss of ¥37 million. The risk of declining demand is reflected in full-year results. - FY2018-Q3Update on business-specific demand trends for the third quarterAnnual report
「In the paperboard business, sales increased from the second quarter onward as a result of product price revisions. However, the increase was insufficient to fully offset the impact of higher costs due to soaring raw-material prices, resulting in a significant decline in profit. In the decorative corrugated board business, sales and profit declined due to a decrease in key communications-equipment-related products. ○ Paperboard business Although sales volume in the related business increased only slightly, sales increased 9.9% year on year to ¥5,883 million, partly due to the effect of product price increases. ○ Decorative corrugated board business Sales in the related business declined 9.2% year on year to ¥847 million due to a decrease in key communications-equipment-related products.」
Paperboard sales volume increased slightly and sales rose 9.9% year on year due to price revisions, while decorative corrugated board sales declined 9.2% due to a decrease in key communications-equipment-related products. The impact of declining demand differed between the businesses. - FY2018-Q2WorsenedAnnual report
「○ Paperboard business Although sales volume in the related business declined, sales increased 6.3% year on year to ¥3,889 million, partly due to the effect of product price increases. ○ Decorative corrugated board business Sales in the related business declined 12.2% year on year to ¥612 million due to a decrease in key communications-equipment-related products.」
Paperboard sales volume declined, while sales in the decorative corrugated board business declined 12.2% year on year due to a decrease in key communications-equipment-related products, quantifying the greater impact of declining demand. - FY2018-Q1WorsenedAnnual report
「○ Paperboard business Although sales volume in the related business declined slightly, sales increased 2.4% year on year to ¥1,843 million, partly due to the effect of product price increases. ○ Decorative corrugated board business Sales in the related business declined 3.0% year on year to ¥364 million due to decreases in key communications-equipment-related products and other items.」
Paperboard sales volume declined slightly, while key communications-equipment-related products and other items decreased in the decorative corrugated board business. Weak domestic demand became more pronounced, whereas product prices did not decline because of price increases. - FY2017MaterialisedAnnual report
「In the paperboard business, sales volumes of both corrugating medium and core-stock paper increased slightly from the previous year, but product prices declined. As a result, sales declined 2.1% year on year to ¥7,162 million.」
Sales volume increased slightly, while product prices actually declined, resulting in a 2.1% year-on-year decrease in paperboard business sales. The filing clearly describes falling market prices during the period, rather than a decline in domestic demand. - FY2017-Q3RestatedAnnual report
「Although sales volume increased in the related business, sales declined 2.0% year on year to ¥5,351 million due to lower product prices.」
Although sales volume increased, paperboard business sales declined year on year due to lower product prices, indicating that market-price risk remains evident. - FY2017-Q2RestatedAnnual report
「Demand in the paperboard business remained weak, and the business continued to operate in a challenging environment. However, profit increased due to lower fuel and other costs. Although sales volume increased in the related business, sales declined 1.3% year on year to ¥3,658 million due to lower product prices.」
Weak paperboard demand and falling product prices have continued, and the risks associated with domestic demand and market prices remain evident. By contrast, key communications-equipment-related products in the decorative corrugated board business increased. - FY2017-Q1MaterialisedAnnual report
「Demand in the paperboard business remained weak, and the business continued to operate in a challenging environment. Although sales volume increased, sales declined 2.4% year on year to ¥1,799 million due to lower product prices. In the related business, sales declined 6.3% year on year to ¥375 million due to decreases in key products related to communications equipment and other items.」
Although the Business Risks section states that there were no significant changes, the analysis of operating results actually describes weak demand, falling product prices, declines in key products related to decorative corrugated board, and lower sales in each business. - FY2016First statedAnnual report
「Sales by business segment have remained composed of approximately 80% from the paperboard business and approximately 20% from the decorative corrugated board business. Both businesses are focused on domestic demand and are significantly affected by domestic economic conditions. A decline in demand or falling market prices resulting from a downturn in the domestic economy could adversely affect the company’s operating results and financial position.」
The business mix is focused on domestic demand, with paperboard accounting for approximately 80% and decorative corrugated board approximately 20%. The filing also describes declines in domestic shipment and sales volumes for the fiscal year.