Impairment of assets due to weak demand in the paper-related business and higher raw material and fuel costs
First written in FY2022. 6 of 11 entries say "Mitigated", first in FY2023-Q3. Latest entry: 2026-08-07.
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- 2026-08-07WorsenedResults
「価格改定に伴う需要減少、海外向け製品の販売減少に加え、販売先における調達コスト低減施策の進展に伴い販売数量が減少したことが、業績に影響を与えました。」
紙関連事業について、価格改定による需要減少に加え、海外向け販売減少と販売先の調達コスト低減による販売数量減少を具体的な業績影響として記載している。 - FY2026WorsenedAnnual report
「In addition, we reviewed the product mix and other factors to promote efficiency and improve profitability through the transfer of production from the Hozumi Plant to the Kaizu Plant. However, the resulting decline in tissue paper production volumes and sluggish orders following price revisions affected results.」
In the paper-related business, production was transferred to improve efficiency and profitability, while production at the Hozumi Plant was suspended in July 2025. The resulting decline in production volumes and sluggish orders affected results. - FY2026-H1Production transfer from the Hozumi Plant to the Kaizu PlantAnnual report
「In addition, we reviewed the product mix and other factors to promote efficiency and improve profitability through the transfer of production from the Hozumi Plant to the Kaizu Plant. However, the resulting decline in tissue paper production volumes and sluggish orders following price revisions affected results.」
In the paper-related business, production was transferred and the product mix was reviewed to improve efficiency and profitability, while the resulting decline in production volumes and sluggish orders following price revisions affected results. - FY2025WorsenedAnnual report
「The company actively pursued sales expansion, primarily of products for diapers and pet sheets in the hygiene materials market, but revenue and profit from sanitary paper both declined due to weak orders resulting from price adjustments, a shift to lower-priced alternative materials, and increases in raw material prices exceeding the sales price adjustments. As a result, revenue for the current consolidated fiscal year was ¥5,634 million, down 1.0% year on year, while segment profit was ¥535 million, down 14.5%.」
In the paper-related business, which recorded impairment losses in the previous fiscal year, conditions shifted from improvement through price revisions and cost reductions to declines in revenue and profit caused by sluggish orders following price revisions, a shift to alternative materials and higher raw material costs. - FY2025-H1MitigatedAnnual report
「We actively pursued sales expansion for tissue paper, focusing on products for paper diapers, pet sheets and toilet cleaners in the hygiene materials market. However, revenue declined due to sluggish orders resulting from price revisions and other factors. Profit, on the other hand, increased as price revisions pursued since the previous fiscal year took hold and we worked to improve productivity and reduce costs. As a result, revenue for the six-month period of the current interim consolidated fiscal year was ¥2,797 million, down 2.0% year on year, and segment profit was ¥265 million, up 8.4%.」
In the paper-related business, revenue declined because orders were sluggish following price revisions, but segment profit increased 8.4% year on year as price revisions took hold and productivity improved and costs were reduced. The pressure on earnings from weak demand and high raw material and fuel costs that emerged in the previous fiscal year was partly mitigated in terms of profit. - FY2024MitigatedAnnual report
「For sanitary paper, revenue and profit both increased as the company advanced sales price adjustments commensurate with the prices of key raw materials and fuel, along with cost-reduction initiatives, allowing the price adjustments to take hold.」
In the paper-related business, where impairment losses emerged in the previous fiscal year due to weak demand and high raw material and fuel costs, segment profit improved to ¥626 million through the penetration of price revisions and cost reductions, and operating results for the current fiscal year turned positive. - FY2024-Q3MitigatedAnnual report
「Sales volumes of products for diapers were largely flat for sanitary paper, while revenue and segment profit both increased as price adjustments took hold and the company pursued productivity improvements and cost reductions. As a result, revenue for the first nine months of the current consolidated cumulative period was ¥4,368 million, up 11.5% year on year, while segment profit was ¥458 million, compared with segment profit of ¥39 million in the same period of the previous fiscal year.」
In the paper-related business, revenue and segment profit increased as price revisions took hold and productivity improved and costs were reduced in response to the pressure on earnings from weak demand and high raw material and fuel costs that emerged in the previous fiscal year. Segment profit improved from ¥39 million in the same period of the previous year to ¥458 million. - FY2024-Q2MitigatedAnnual report
「Revenue and segment profit from sanitary paper both increased as sales price adjustments took hold, imported pulp prices remained on a downward trend, and the company pursued productivity improvements and cost reductions. As a result, revenue for the first six months of the current consolidated cumulative period was ¥2,855 million, up 12.5% year on year, while segment profit was ¥245 million, up 131.3%.」
In response to the pressure on earnings from weak demand and high raw material and fuel costs in the paper-related business that emerged in the previous fiscal year, revenue and segment profit both increased as price revisions took hold and productivity improved and costs were reduced. Segment profit increased 131.3% year on year, indicating further mitigation of the impact. - FY2024-Q1MitigatedAnnual report
「Revenue and profit from tissue paper increased due to the penetration of price revisions pursued since the previous fiscal year, the downward trend in imported pulp prices, and efforts to improve productivity and reduce costs. As a result, revenue for the three-month period of the first quarter of the current fiscal year was ¥1,477 million, up 22.6% year on year, and segment profit was ¥93 million, up 4.9%.」
In the paper-related business, revenue and profit both increased as price revisions took hold, imported pulp prices declined, and productivity improved and costs were reduced. The pressure on earnings from weak demand and high raw material and fuel costs that emerged in the previous fiscal year was partly mitigated in terms of quarterly results. - FY2023-Q3MitigatedAnnual report
「In addition, pulp prices, our main raw material, remained high. As a result of advancing sales price revisions commensurate with these prices and cost reduction efforts, profit increased. As a result, revenue for the nine-month period of the third quarter of the current fiscal year was ¥3,918 million, up 5.4% year on year, and segment profit was ¥39 million, compared with a segment loss of ¥72 million in the same period of the previous year.」
In the paper-related business, segment results improved from a loss to a profit of ¥39 million through sales price revisions and cost reduction efforts while pulp prices remained high. Although weak demand and high raw material and fuel costs persist, their impact on results during the period was partly mitigated. - FY2022MaterialisedAnnual report
「The products manufactured and sold in our paper-related business are used mainly in the hygiene materials and food service markets. Sales volumes have remained sluggish in the hygiene materials market because of the domestic economic slowdown and a decline in demand resulting from the COVID-19 pandemic, and in the food service market because of the prolonged impact of COVID-19. In addition, pulp, our main raw material, has remained at unprecedentedly high prices, while fuel and chemical material prices have also risen sharply, creating a challenging earnings environment. In response to these conditions, the business environment for the paper-related business has deteriorated significantly. Accordingly, we reduced the carrying amount of the relevant plant and equipment and other assets to their recoverable amount, and recorded the resulting reduction of ¥2,903 million as an impairment loss under extraordinary losses.」
Weak demand in the hygiene materials and food service markets and soaring raw material and fuel prices significantly worsened the earnings environment for the paper-related business, resulting in an impairment loss of ¥2,903 million on plant and equipment and other assets.