Acquisition of new demand

「Sales volume at subsidiary Kyushu Shiko Co., Ltd. increased 0.4% from the year-earlier level overall. Although salt applications declined sharply, increases in sugar and feed applications provided an offset. During the fiscal year from January to December, sales volume at Thai Showa Pax Co., Ltd. declined 10.2% year on year due to the economic slowdown in Thailand and neighboring countries. During the same fiscal year, sales volume at San'in Seibukuro Kogyo Co., Ltd. turned upward toward the end of the period after declining in the first half, increasing 0.4% year on year.」

「Sales volume at subsidiary Kyushu Shiko Co., Ltd. declined slightly by 0.5% from the year-earlier level. Although it declined sharply in salt and rice and wheat applications, higher orders in other applications provided an offset.」

「Sales volume at subsidiary Kyushu Shiko Co., Ltd. increased 0.8% year on year overall. Although it declined sharply in cement and salt applications, higher orders in rice and wheat applications provided an offset. During the six-month interim consolidated accounting period from January to June, sales volume at Thai Showa Pax Co., Ltd. increased 10.1% year on year, helped by higher production at major customers. During the same period, sales volume at San'in Seibukuro Kogyo Co., Ltd. increased 0.4% year on year due to a shift in the delivery timing of core rice and wheat bags.」

「Sales volume at subsidiary Kyushu Shiko Co., Ltd. declined 12.8% from the previous period as both rice and wheat bags and general-purpose bags decreased. During the fiscal year from January to December, Thai Showa Pax Co., Ltd. declined 11.8% from the previous period. Although some customers showed signs of recovering demand, production cuts at other major customers and the impact of inventory adjustments persisted. During the same fiscal year, sales volume at San'in Seibukuro Kogyo Co., Ltd. declined 3.7% from the previous period. Although rice and wheat bags increased, its core double-bottom pasted bags declined.」

「Sales volume at subsidiary Kyushu Shiko Co., Ltd. declined 9.8% from the year-earlier level as both rice and wheat bags and general-purpose bags decreased. During the nine-month period from January to September, the cumulative consolidated third quarter, sales volume at Thai Showa Pax Co., Ltd. declined 15.6% year on year due to production cuts at major customers and inventory adjustments. During the same period, sales volume at San'in Seibukuro Kogyo Co., Ltd. declined 4.6% year on year. Although rice and wheat bags increased, its core double-bottom pasted bags declined.」

「Sales volume at subsidiary Kyushu Shiko Co., Ltd. declined 8.5% from the year-earlier level as both rice and wheat bags and general-purpose bags decreased. During the six-month period from January to June, the cumulative consolidated second quarter, sales volume at Thai Showa Pax Co., Ltd. declined 13.0% year on year due to production cuts at major customers and inventory adjustments. During the same period, sales volume at San'in Seibukuro Kogyo Co., Ltd. declined 7.8% year on year. Although rice and wheat bags increased, its core double-bottom pasted bags declined.」

「Sales volume at subsidiary Kyushu Shiko Co., Ltd. declined 2.9% year on year as a slight increase in rice and wheat bags was outweighed by a decline in general-purpose bags. During the three-month period from January to March, the cumulative consolidated first quarter, sales volume at Thai Showa Pax Co., Ltd. declined 6.2%, partly due to production cuts at major customers resulting from weakness in automobile-related demand. During the same period, sales volume at San'in Seibukuro Kogyo Co., Ltd. increased slightly by 0.4% year on year, driven by an increase in advance deliveries of its core rice and wheat bags.」

「At subsidiary Kyushu Shiko Co., Ltd., general-purpose bags offset the decline in rice and wheat bags, and sales volume increased 2.7% from the year-earlier level.」

「At subsidiary Kyushu Shiko Co., Ltd., general-purpose bags offset the decline in rice and wheat bags, and sales volume increased 6.9% from the year-earlier level.」

「Sales at subsidiary Kyushu Shiko Co., Ltd. increased substantially in both rice and wheat bags and general-purpose bags, and sales volume increased 27.9% from the year-earlier level.」

「The two companies San'in Seibukuro Kogyo Co., Ltd. and San'in Pack Co., Ltd. have accounting periods from January to December. Although rice and wheat bags declined, growth in general-purpose bags resulted in slight increases in both revenue and profit.」

「At subsidiary Kyushu Shiko Co., Ltd., sales volume was below the year-earlier level during April to September due to its high exposure to rice and food applications, but recovered through general-purpose bags during October to December, limiting the cumulative decline to 1.8%.」

「Sales volume at subsidiary Kyushu Shiko Co., Ltd. declined 9.9% year on year because of its high exposure to food-related applications. During the three-month period from January to March, the cumulative consolidated first quarter, Thai Showa Pax Co., Ltd. increased sales volume 3.5% year on year as the recovery in automobile production that began in October to December of the previous year continued. Sales volume at San'in Seibukuro Kogyo Co., Ltd. declined 3.4% year on year during the same period due in part to differences in delivery timing at some customers.」

「Sales volume at subsidiary Kyushu Shiko Co., Ltd. declined 3.3% year on year overall as rice and tea bags decreased due to poor rice crop conditions in the Kyushu region and weaker demand for tea leaves. During the six-month period from January to June, the cumulative consolidated second quarter, Thai Showa Pax Co., Ltd. recorded monthly sales volumes above the year-earlier level in succession. The previous year had seen a sharp decline due to the slowdown in the Chinese economy, while in the current period some customers increased inventories out of concern that the COVID-19 pandemic would disrupt production. As a result, cumulative sales volume increased slightly by 1.4% year on year. Sales volume at San'in Seibukuro Kogyo Co., Ltd. during the same period declined 6.9% cumulatively as customer production cuts intensified from April onward.」

「Sales volume at subsidiary Kyushu Shiko Co., Ltd. increased slightly by 1.8% year on year as salt demand recovered from the previous year and cement bags grew.」

「Kyushu Shiko Co., Ltd. substantially increased orders for general-purpose bags in addition to its core rice bags, bringing sales volume 7.7% above the previous period. San'in Seibukuro Kogyo slightly reduced rice bag volume, but actively captured orders for general-purpose bags from existing and new customers, increasing sales volume 4.5% from the previous period.」

「Sales volume at Kyushu Shiko Co., Ltd. declined 1.5% year on year overall. Rice and wheat bags fell sharply due to poor crop conditions in the Kyushu region, but this was partly offset by increases in frozen fish, feed and tea bags. During the nine-month period from January to September, the cumulative consolidated third quarter, Thai Showa Pax Co., Ltd. declined sharply by 9.1% year on year as the slowdown in the Chinese economy spread across Southeast Asia and reduced customer production volumes. Sales volume at San'in Seibukuro Kogyo Co., Ltd. increased year on year in January to March and declined in April to June due to the timing of advance shipments of rice and wheat bags, resulting in a slight overall increase from the year-earlier level.」

「Sales volume at subsidiary Kyushu Shiko Co., Ltd. declined 0.8% year on year, a slight decrease, as growth in frozen fish and tea bags partly offset the decline in rice and wheat bags. During the six-month period from January to June, the cumulative consolidated second quarter, Thai Showa Pax Co., Ltd. declined sharply by 10.8% year on year, as production volumes at customers affected by the slowdown in the Chinese economy fell, resulting in monthly sales volume remaining below the year-earlier level. Sales volume at San'in Seibukuro Kogyo Co., Ltd. increased in January to March and declined in April to June due to the timing of advance shipments of rice and wheat bags, resulting in a slight overall increase of 1.3%.」

「Kyushu Shiko Co., Ltd. substantially increased orders for general-purpose bags in addition to its core rice bags, bringing sales volume 7.7% above the previous period. San'in Seibukuro Kogyo slightly reduced rice bag volume, but actively captured orders for general-purpose bags from existing and new customers, increasing sales volume 4.5% from the previous period.」

「Sales volume at subsidiary Kyushu Shiko Co., Ltd. increased 1.0% year on year overall, as new orders for rice and wheat bags and general-purpose bags in northern Kyushu were partly offset by declines in other fields. During the nine-month period from January to September, the cumulative consolidated third quarter, Thai Showa Pax Co., Ltd. maintained solid sales to major customers for synthetic resins and other products in both Thailand and export markets, and sales volume increased 7.8% year on year with the development of new customers. Sales volume at San'in Seibukuro Kogyo Co., Ltd. during the same period was somewhat weak from July to September due in part to lower shipments of rice and wheat bags for immediate demand, but increased 4.2% year on year on a cumulative basis through proactive order-taking and production activities.」

「Sales volume at subsidiary Kyushu Shiko Co., Ltd. increased 2.9% year on year overall on new orders for rice and wheat bags in northern Kyushu and growth in general-purpose bags. During the six-month period from January to June, the cumulative consolidated second quarter, Thai Showa Pax Co., Ltd. saw strong sales to major customers in applications including synthetic resins in both domestic and overseas markets, while also developing new customers, bringing sales volume 9.9% above the year-earlier level. During the same six-month period, sales volume at San'in Seibukuro Kogyo Co., Ltd. increased 8.2% year on year overall, as proactive order-taking and production activities secured new product types and rice and wheat bags also increased from the previous year.」

「Sales volume at subsidiary Kyushu Shiko Co., Ltd. increased 2.9% year on year as rice and wheat bags increased on new orders in northern Kyushu. During the three-month period from January to March, the cumulative consolidated first quarter, Thai Showa Pax Co., Ltd. increased 4.8% year on year as applications including synthetic resins performed well. San'in Seibukuro Kogyo Co., Ltd. also increased sales volume 8.5% year on year during the same period through proactive order-taking and production activities.」

「Sales volume at subsidiary Kyushu Shiko Co., Ltd. increased 4.0% year on year, as rice and wheat bags recovered and tea bags and other general-purpose bags also increased. During the nine-month period from January to September, the cumulative consolidated third quarter, Thai Showa Pax Co., Ltd. maintained solid sales to major customers in both Thailand and export markets and also developed new customers, bringing sales volume 4.9% above the year-earlier level. Sales volume at San'in Seibukuro Kogyo Co., Ltd. during the same nine-month period increased 11.6% year on year, as cumulative shipments of rice and wheat bags exceeded the year-earlier level and orders increased following improvements in the production structure, including coordination with the parent company and an increase in personnel.」

「In addition to solid sales to major customers, efforts to develop new customers progressed, bringing sales volume to 4.0% above the year-earlier level.」

「Sales volume at subsidiary Kyushu Shiko Co., Ltd. increased 4.2% year on year as general-purpose bags for applications including cement, seeds and tea offset the decline in rice and wheat bags.」

「At subsidiary Kyushu Shiko Co., Ltd., the core rice and wheat bag business declined, but a focus on orders for general-purpose bags and specially hand-finished products brought sales volume to 1.2% above the previous period. San'in Seibukuro Kogyo also saw a decline in rice and wheat bags, but sales volume increased 7.6% from the previous period through coordination with the parent company and its response to small-lot orders.」

「Sales volume at subsidiary Kyushu Shiko Co., Ltd. increased 2.1% year on year as higher new orders for tea bags and general-purpose bags offset the decline in rice and wheat bags. At subsidiary San'in Seibukuro Kogyo Co., Ltd., sales volume for the nine-month period from January to September, the cumulative consolidated third quarter, increased 6.0% year on year. Although rice and wheat bags fell short of the expected volume, orders increased in other fields.」

「Although rice and wheat bags at subsidiary Kyushu Shiko Co., Ltd. declined, new demand offset the decrease, bringing sales volume to approximately the year-earlier level.」

「Sales volume at subsidiary Kyushu Shiko Co., Ltd. was 3.4% below the year-earlier level, as new demand did not fully offset the decline resulting from the absence of earlier-than-scheduled shipments of rice and wheat bags.」