Declining Demand for General Office Supplies and Files Due to Office Digitization
First written in FY2016. 2 of 5 entries say "Worsened", first in FY2018. Latest entry: FY2021.
Lion Office Products Corp. moved to the "Worse" side of this theme in 2018.
0 other companies' latest entry also says "Reframed".
- FY2021From a mature market to value-added productsAnnual report
「In product categories in the increasingly mature office supplies market, we believe that product development adding new value to traditional functionality is becoming even more important.」
The Company has reframed the risk of declining demand from greater use of systems and paperless operations as the need to create value-added products in a mature market. - FY2019WorsenedAnnual report
「In office supplies, changes in users' purchasing channels, declining demand for standard products as corporations and government agencies promote the use of systems, and the shift toward paperless operations as digital devices become more widespread have been observed,」
In addition to the traditional decline in demand for standard office supplies resulting from greater use of systems, the Company has added changes in purchasing channels, the spread of digital devices and the shift toward paperless operations as contributing factors. - FY2018WorsenedAnnual report
「In office supplies, changes in users' purchasing channels, declining demand for standard products as corporations and government agencies promote the use of systems, and the shift toward paperless operations as digital devices become more widespread have been observed,」
In addition to the traditional decline in demand resulting from greater use of systems, the Company explicitly identifies the spread of digital devices and the shift toward paperless operations as factors reducing demand. - FY2017RestatedAnnual report
「Amid continuing declines in demand for general office supplies as corporations and government agencies pursue cost reductions and greater use of systems, the Company has renewed its products, focusing on personal products that meet individual demand. These include revisions to the color range and display of the Macaron Design Clip developed by the Young Employee New Product Development Project, Dream Factory, and a model change for the Gum de Patch rubber band, which can be cut to any length for use. However, market conditions remain challenging.」
The Company continues to recognize declining demand for general office supplies as corporations and government agencies reduce costs and adopt more systems, as well as continuing challenging market conditions. - FY2016First statedAnnual report
「However, the market remains challenging, owing in large part to the diversification of end-user purchasing channels and the decline in demand for general office supplies and files as offices become more systematized.」
The disclosure states that the office supplies business is being affected by declining demand.