Weather and natural disaster risks related to demand for agricultural products

「In the pulp-mold segment, sales of trays for fresh produce declined due to this summer's extreme heat, but sales increased as the launch of new trays for office equipment increased sales volumes and sales prices were revised, resulting in pulp-mold segment sales of ¥3,245 million, up 7.0% year on year. In the corrugated cardboard segment, sales for the industrial field increased, but sales were ¥1,527 million, down 0.1% year on year, due to lower sales volumes for the agriculture field caused by this summer's extreme heat, as in the pulp-mold segment.」

「In addition, although our Group serves a wide range of end markets, fluctuations in shipments of products produced by these customers due to changes in weather, such as typhoons and earthquakes, and the effects of natural disasters could affect our Group's business performance and financial position.」

「In the fresh-produce field, sales for tomatoes declined partly due to poor crop conditions in the production areas, resulting in pulp-mold segment sales of ¥4,992 million, up 5.3% year on year.」

「In the fresh-produce field, sales for tomatoes declined partly due to poor crop conditions in the production areas, but sales for apples performed well and increased, resulting in pulp-mold segment sales of ¥3,795 million, up 6.2% year on year.」

「In the pulp-mold segment, sales in the industrial-products field declined due to lower demand for office equipment, but demand for takeaway trays increased with the growth in takeaway demand, resulting in higher sales. In the livestock-products field, volumes of commercial egg trays declined due to the effects of COVID-19, resulting in lower sales. In the fresh-produce field, sales for tomatoes performed well, but sales for pears declined due to unfavorable weather, resulting in pulp-mold segment sales of ¥4,739 million, down 1.3% from the previous consolidated fiscal year.」

「In the fresh-produce field, sales declined due to the effects of unfavorable weather and lower demand, resulting in pulp-mold segment sales of ¥3,574 million, down 3.7% year on year. In the corrugated cardboard segment, sales in the industrial-products field increased, but sales in the agriculture field declined due to unfavorable weather, resulting in sales of ¥2,270 million, down 2.0% year on year.」

「In the corrugated cardboard segment, sales in the industrial-products field increased, but sales in the agriculture field declined due to unfavorable weather, resulting in sales of ¥1,363 million, down 3.7% year on year.」

「In the pulp-mold segment, sales increased in the industrial-products field and some areas of fresh produce, but declined in the egg field due to lower egg prices after the start of the year and extreme summer heat, resulting in pulp-mold segment sales of ¥4,704 million, down 1.2% from the previous fiscal year.」

「In the pulp-mold segment, sales increased in some areas of industrial and fresh-produce products, but declined in the egg field due to lower egg prices and the effects of extreme summer heat, resulting in pulp-mold segment sales of ¥3,590 million, down 1.9% year on year.」

「In the pulp-mold segment, sales increased in some areas of industrial and fresh-produce trays, but declined in the egg field partly due to lower egg prices and extreme summer heat, resulting in pulp-mold segment sales of ¥2,391 million, down 4.8% year on year. In the corrugated cardboard segment, the industrial field performed well, but volumes in the agriculture field declined partly due to unfavorable weather.」

「In the corrugated cardboard segment, sales in the agriculture field declined partly due to unfavorable weather, but sales in the industrial field increased partly due to the effect of price increases, resulting in corrugated cardboard segment sales of ¥781 million, up 5.7% year on year.」

「Our Group mitigates the risk of operational stoppages or reduced operating rates resulting from natural disasters by maintaining multiple manufacturing sites in Japan and overseas and handling a wide range of products. In addition, we conduct disaster-preparedness drills and other initiatives based on our BCP.」

「In the corrugated cardboard segment, sales of products for the agriculture field declined due to unfavorable weather in early spring and cooler temperatures in autumn, but sales in the industrial field increased through proposal-based sales activities and other measures, resulting in higher sales for the corrugated cardboard segment overall.」

「In the corrugated cardboard segment, sales in the agriculture field declined partly due to the Kumamoto Earthquake, unfavorable weather in early spring and insufficient rainfall in summer.」

「In the pulp-mold segment, trays for eggs performed well in the livestock and agriculture fields, but sales of trays for melons and Dekopon oranges, among others, declined partly due to unfavorable weather, resulting in lower sales for the livestock and agriculture fields overall. In the corrugated cardboard segment, sales in the agriculture field declined partly due to the Kumamoto Earthquake, unfavorable weather in early spring and insufficient rainfall in summer.」

「In the pulp-mold segment, trays for eggs and tomatoes in the livestock and agriculture fields were at the previous year's level, but sales of trays for melons and Dekopon oranges, among others, declined due to unfavorable weather, resulting in lower sales for the livestock and agriculture fields overall. In the corrugated cardboard segment, sales in the agriculture field remained at the previous year's level despite the effects of the Kumamoto Earthquake and weather conditions.」

「The corrugated packaging segment posted lower revenue in the agricultural sector, partly due to the Kumamoto earthquake, but overall segment revenue increased due to expanded sales of large cases in the industrial sector and other factors.」

「The Group's customers include agricultural businesses, and fluctuations in shipments of these products due to weather changes such as typhoons and earthquakes, as well as natural disasters, may affect the Group's operating performance and financial condition.」