Impact of local economic conditions and exchange rates on the Thai subsidiary
First written in FY2017-Q1. 12 of 34 entries say "Worsened", first in FY2020-Q1. Latest entry: 2026-08-10.
Showa Paxxs moved to the "Worse" side of this theme in 2025.
1 other company's latest entry also says "Worsened".
- 2026-08-10WorsenedEarnings
「During the first quarter of the current consolidated fiscal year for タイ昭和パックス, covering January through March, sales volume decreased 8.5% year on year due to the economic slowdown in Thailand and neighboring countries.」
The decline in sales volume caused by the economic slowdown in Thailand and neighboring countries has continued. - FY2026WorsenedAnnual report
「For the current consolidated fiscal year of タイ昭和パックス㈱, covering January through December, sales volume decreased 10.2% year on year due to the economic slowdown in Thailand and neighboring countries.」
The decline widened from 6.1% in the previous interim consolidated accounting period to 10.2% for the full year, indicating that the impact of the economic slowdown in Thailand and surrounding countries has continued. - 2026-05-13WorsenedEarnings
「For the current consolidated fiscal year of タイ昭和パックス㈱, covering January through December, sales volume decreased 10.2% year on year due to the economic slowdown in Thailand and neighboring countries.」
The decline in sales volume at the Thai subsidiary continued, with the annual rate of decline attributed to the economic slowdown. - FY2026-H1WorsenedAnnual report
「During the current interim consolidated accounting period (January–June), sales volume at タイ昭和パックス㈱ declined 6.1% year on year due to the economic slowdown in Thailand and neighboring countries.」
Deteriorated from a 10.1% increase in the previous interim consolidated accounting period, driven by increased production at major customers, to a 6.1% decrease due to the economic slowdown in Thailand and surrounding countries. - FY2025-H1MitigatedAnnual report
「During the current interim consolidated accounting period (January–June), sales volume at タイ昭和パックス㈱ increased 10.1% year on year, partly due to higher production by major business partners.」
The Thai subsidiary, whose sales volume had declined through the previous year due to production cuts by major customers and inventory adjustments, turned to a 10.1% increase against a backdrop of higher production by major business partners. - FY2024Full-year decline narrows, but weakness continuesAnnual report
「During the current consolidated fiscal year (January–December), sales volume at タイ昭和パックス㈱ declined 11.8% from the previous period, as production cuts by other major customers and inventory adjustments persisted despite signs of recovering demand at some customers.」
While the rate of decline narrowed from 15.6% in the cumulative third quarter to 11.8% for the full year, the decline caused by production cuts by major customers and inventory adjustments continued. - FY2024-Q3WorsenedAnnual report
「During the cumulative third quarter (January–September) of the current consolidated accounting period, sales volume at タイ昭和パックス㈱ declined 15.6% from the same period of the previous year due to production cuts by major customers and inventory adjustments.」
The Thai subsidiary's sales volume decline widened from 13.0% in the cumulative second quarter to 15.6%, as the impact of production cuts by major customers and inventory adjustments worsened. - FY2024-Q2WorsenedAnnual report
「During the cumulative second quarter (January–June) of the current consolidated accounting period, sales volume at タイ昭和パックス㈱ declined 13.0% from the same period of the previous year due to production cuts by major customers and inventory adjustments.」
The rate of decline widened from 6.2% in the first quarter, indicating a worsening decline in the Thai subsidiary's volume due to production cuts by major customers and inventory adjustments. - FY2024-Q1WorsenedAnnual report
「During the cumulative first quarter (January–March) of the current consolidated accounting period, sales volume at タイ昭和パックス㈱ declined 6.2%, partly due to production cuts by major customers amid weakness in the automotive sector.」
The Thai subsidiary's sales volume declined 6.2% year on year due to weakness in the automotive sector and production cuts by major customers. - FY2023-Q3The decline in sales volume narrowed slightlyAnnual report
「During the cumulative third quarter (January–September) of the current consolidated accounting period, the impact of COVID-19 infections on the production structure eased, but sales volume at タイ昭和パックス㈱ declined 10.5% from the same period of the previous year, mainly due to production cuts by automotive-related customers.」
Sales volume declined 10.5% year on year, with the rate of decline narrowing slightly from 10.7% in the previous quarter. While the impact of employee infections on the production structure eased, production cuts by automotive-related customers were identified as the primary factor. - FY2023-Q2Narrowing decline in sales volumeAnnual report
「During the cumulative second quarter (January–June) of the current consolidated accounting period, sales volume at タイ昭和パックス㈱ declined 10.7% from the same period of the previous year, affected by lower production due to employee infections, shipment carryovers caused by a shortage of transport containers, and production cuts by some major customers.」
Volume continued to decline due to employee infections, a shortage of transport containers, and production cuts by major customers, but the rate of decline narrowed from 14.2% in the first quarter. - FY2023-Q1WorsenedAnnual report
「During the cumulative first quarter (January–March) of the current consolidated accounting period, sales volume at タイ昭和パックス㈱ declined 14.2%, affected by lower production due to employees contracting COVID-19, reduced production by automakers, and shipment deferrals caused by a shortage of transport containers.」
At the Thai subsidiary, employee infections, automakers' production cuts, and a shortage of transport containers combined to constrain production and shipments, resulting in a 14.2% decline in sales volume. - FY2022Substantial full-year increaseAnnual report
「As noted above, タイ昭和パックス㈱'s kraft paper bag sales volume exceeded the same month of the previous year in most months, increasing 14.8% from the previous period for the full year.」
The Thai subsidiary's sales volume increased 14.8% for the full year, indicating a recovery after deteriorating due to the pandemic and other factors. - FY2022-Q3MitigatedAnnual report
「During the cumulative third quarter (January–September) of the current consolidated accounting period, the recovery trend continued ahead of Japan's, with sales volume recovering substantially in July–September from the decline in the same period of the previous year, resulting in a substantial 21.8% year-on-year increase in cumulative sales volume at タイ昭和パックス㈱.」
The Thai subsidiary's sales volume increased 21.8% year on year, representing substantial further recovery from the 9.3% increase in the previous quarter. - FY2022-Q2MitigatedAnnual report
「During the cumulative second quarter (January–June) of the current consolidated accounting period, the recovery trend that began in October–December of the previous year continued, resulting in a 9.3% year-on-year increase in sales volume at タイ昭和パックス㈱.」
The Thai subsidiary's sales volume increased 9.3% year on year, showing further recovery from the 3.5% increase in the previous quarter. - FY2022-Q1MitigatedAnnual report
「During the cumulative first quarter (January–March) of the current consolidated accounting period, the recovery in automobile production that began in October–December of the previous year continued, resulting in a 3.5% year-on-year increase in sales volume at タイ昭和パックス㈱.」
The Thai subsidiary's sales volume turned from a 10.5% year-on-year decline in the previous quarter to a 3.5% increase. - FY2021-Q3WorsenedAnnual report
「During the cumulative third quarter (January–September) of the current consolidated accounting period, shipments increased slightly year on year in January–June as customers built inventories, but declined substantially in July–September as that effect reversed. Cumulative shipments declined 10.5% year on year, as demand contracted due to the COVID-19 pandemic. However, shipments at タイ昭和パックス㈱ have been recovering since October in response to a rapid recovery in customer production.」
The Thai subsidiary's shipments declined substantially in the third quarter as the inventory-building effect reversed, worsening to a 10.5% cumulative decline. However, shipments have been recovering since October as customer production recovered. - FY2021-Q2The Thai subsidiary's rate of increase narrowsAnnual report
「As a result, cumulative volume increased slightly by 1.4% from the same period of the previous year.」
Volume remained higher than the previous year, which had been affected by the slowdown in the Chinese economy, but the increase narrowed substantially from 13.4% in the first quarter to 1.4%. - FY2021-Q1MitigatedAnnual report
「During the cumulative first quarter (January–March) of the current consolidated accounting period, sales volume increased substantially by 13.4% from the same period of the previous year. This followed a sharp decline in the previous year due to the slowdown in the Chinese economy, as customers built inventories early out of concern that the COVID-19 pandemic would affect production activity.」
The Thai subsidiary's sales volume turned from a decline caused by the previous year's slowdown in the Chinese economy to a 13.4% increase. However, the increase was attributed to customers building inventories early. - FY2020WorsenedAnnual report
「Full-year sales volume ended 10.9% below the previous period.」
Due to the impact of the slowdown in the Chinese economy, タイ昭和パックス㈱'s kraft paper bag sales volume declined 10.9%, ending the 6-year run of year-on-year increases. - FY2020-Q3The decline in sales volume narrowed slightlyAnnual report
「During the cumulative third quarter (January–September) of the current consolidated accounting period, the impact of the slowdown in the Chinese economy spread across Southeast Asia, reducing customer production volumes and resulting in a substantial 9.1% year-on-year decline.」
Sales volume declined 9.1% year on year due to the slowdown in the Chinese economy, but the rate of decline narrowed slightly from 10.8% in the previous quarter. - FY2020-Q2WorsenedAnnual report
「During the cumulative second quarter (January–June) of the current consolidated accounting period, customer production volumes declined due to the slowdown in the Chinese economy, and monthly sales volume remained below the previous year's level, resulting in a substantial 10.8% year-on-year decline.」
The slowdown in the Chinese economy has materialized as a 10.8% decline in the Thai subsidiary's sales volume through lower customer production, with the decline widening from 8.4% in the previous quarter. quantified was determined to be true, and materialized was determined to be true. - FY2020-Q1WorsenedAnnual report
「During the cumulative first quarter (January–March) of the current consolidated accounting period, customer production volumes declined due to the slowdown in the Chinese economy, reducing demand for paper bags. As a result, sales volume remained below the previous year's level, declining 8.4% from the same period of the previous year.」
The slowdown in the Chinese economy has materialized as an 8.4% decline in the Thai subsidiary's sales volume through lower customer production and demand for paper bags. - FY2019AdvancedAnnual report
「Although タイ昭和パックス㈱ has a January–December accounting period, strong order intake and production continued, resulting in a 6-consecutive-period increase in kraft paper bag sales volume.」
Strong order intake and production continued at タイ昭和パックス㈱, resulting in a 6-consecutive-period increase in kraft paper bag sales volume. - FY2019-Q3The Thai subsidiary's volume growth rate declinesAnnual report
「During the cumulative third quarter (January–September) of the current consolidated accounting period, タイ昭和パックス㈱ maintained strong sales to core customers for synthetic resins and other products in both Thailand and export markets, while also developing new customers, resulting in a 7.8% year-on-year increase in sales volume.」
The Thai subsidiary maintained 7.8% growth through strong sales to core customers and new customer development, but the growth rate declined from the 9.9% increase in FY2019-Q2. - FY2019-Q2MitigatedAnnual report
「During the cumulative second quarter (January–June) of the current consolidated accounting period, タイ昭和パックス㈱ performed strongly in applications for synthetic resins and other products among its core customers both in Japan and overseas, while also pursuing new customer development, resulting in a 9.9% year-on-year increase in sales volume.」
The Thai subsidiary's sales volume growth rate rose from 4.8% in FY2019-Q1 to 9.9%, driven by strong performance among core customers and new customer development. - FY2019-Q1The Thai subsidiary's volume growth rate declines slightlyAnnual report
「During the cumulative first quarter (January–March) of the current consolidated accounting period, タイ昭和パックス㈱ achieved a 4.8% year-on-year increase, supported by strong performance in applications for synthetic resins and other products.」
The Thai subsidiary's sales volume continued to increase, but the growth rate declined slightly from 5.8% year on year to 4.8%. - FY2018-Q3The Thai subsidiary's volume growth rate risesAnnual report
「During the cumulative third quarter (January–September) of the current consolidated accounting period, タイ昭和パックス㈱ maintained steady sales to core customers both in Thailand and for exports while developing new customers, resulting in a 4.9% year-on-year increase in sales volume.」
The Thai subsidiary's sales volume growth rate rose from 4.0% in FY2018-Q2 to 4.9%, with steady sales to core customers and continued development of new customers. quantified was determined to be true, and materialized was determined to be false. - FY2018-Q2MitigatedAnnual report
「During the cumulative second quarter (January–June) of the current consolidated accounting period, タイ昭和パックス㈱ expanded sales to new customers while maintaining steady sales to core customers, resulting in a 4.0% year-on-year increase in sales volume.」
The Thai subsidiary's sales volume increased 4.0% on steady sales to core customers and the development of new customers, improving from concerns over volume related to the local economy. - FY2018-Q1MitigatedAnnual report
「During the cumulative first quarter (January–March) of the current consolidated accounting period, タイ昭和パックス㈱ achieved a 5.8% increase from the same period of the previous year, supported by steady sales to existing customers and the effect of proactive sales initiatives.」
The Thai subsidiary's sales volume increased 5.8% year on year, improving from the concerns over volume caused by the sluggish local economy. - FY2017AdvancedAnnual report
「Although タイ昭和パックス㈱ has a January–December accounting period, it strengthened its production structure by increasing staff, won more orders, and increased kraft paper bag sales volume for 4 consecutive periods.」
It increased orders by strengthening its production structure through additional staffing, resulting in a 4-consecutive-period increase in kraft paper bag sales volume. - FY2017-Q3Growth in the Thai subsidiary's volume acceleratesAnnual report
「During the cumulative third quarter (January–September) of the current consolidated accounting period, タイ昭和パックス㈱ was somewhat sluggish in January–March but regained momentum from April–June onward, maintaining strong performance and achieving an 8.8% year-on-year increase cumulatively.」
The Thai subsidiary's strong performance continued from April–June onward, with the cumulative sales volume growth rate expanding from 7.0% in the previous quarter to 8.8%. - FY2017-Q2Local volume recovered, but yen-denominated revenue declined due to the stronger yenAnnual report
「During the cumulative second quarter (January–June) of the current consolidated accounting period, タイ昭和パックス㈱'s sales volume declined slightly year on year in January–March due to the modest impact of the sluggish Thai domestic economy, but regained momentum in April–June, resulting in a cumulative year-on-year increase of 7.0%.」
The Thai subsidiary's sales volume recovered in April–June, resulting in a 7.0% cumulative increase. However, despite higher sales in Thai baht, yen-denominated revenue declined because of the stronger yen. - FY2017-Q1First statedAnnual report
「During the cumulative first quarter (January–March) of the current consolidated accounting period, タイ昭和パックス㈱ was slightly affected by the sluggish Thai domestic economy. The growth trend in sales volume slowed somewhat, resulting in a 0.7% decline from the same period of the previous year.」
The sluggish Thai domestic economy is reflected in the subsidiary's decline in sales volume.