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Ishizuka Glass (5204) · RiskWeak demand in the general market and from hotels, with divergent trends in commercial-use products and overseas airline demand

Polarisation in the Glass Tableware and Ceramics Market, Expansion of Online Sales, Reduction of Domestic Retail Outlets

First written in FY2016. 8 of 27 entries say "Restated". Latest entry: FY2026.

27entries
11years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2019-Q3OtherFY2023-Q3 – FY20262016: 120162017: 120172018: 320182019: 420192020: 420202021: 420212022: 320222023: 320232024: 220242025: 120252026: 12026
Same theme, other companies
Business losses due to a slump in domestic and overseas tableware marketsA theme 2 companies write about · 2 as a headwind · 0 as a tailwind

Ishizuka Glass moved to the "Worse" side of this theme in 2020.

0 other companies' latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026Weak demand in the general market and from hotels, with divergent trends in commercial-use products and overseas airline demandAnnual report

    「Glass tableware sales in the general market declined, but increased orders for corporate promotional items and sales of business-use products for alcohol manufacturers drove higher revenue. Ceramics saw firm orders from overseas airlines, but orders from domestic and overseas hotels declined, resulting in segment sales of ¥13,246 million, down 0.2% from the previous fiscal year.」

    While demand in the general market and from domestic and overseas hotels weakened, corporate promotional items, business-use products for alcohol manufacturers, and orders from overseas airlines remained firm, with demand continuing to diverge by channel.
  2. FY2026-H1Lower promotional-item and domestic hotel orders alongside firm overseas ordersAnnual report

    「Glass tableware declined slightly year on year overall due to lower orders for corporate promotional items. Ceramics saw firm overseas orders, but domestic hotel orders declined, resulting in segment sales of ¥6,581 million, down 5.6% year on year.」

    While orders for corporate promotional items and domestic hotels declined, overseas ceramics orders remained firm, with demand continuing to diverge by channel and region.
  3. FY2024RestatedAnnual report

    「The domestic glass tableware market has been shrinking in line with population trends, and the Company shifted to a new production structure from the current consolidated fiscal year with a view to the future market.」

    The contraction of the domestic glass tableware market and the transition to a new production structure in response are described.
  4. FY2024-Q3RestatedAnnual report

    「Glass tableware saw an increase in orders for business-use products for alcohol manufacturers, but overall performance remained sluggish because general-market demand stagnated and the number of storage-jar products was reduced. Ceramics benefited from orders secured from hotels both domestically and overseas, resulting in segment sales of ¥10,508 million, up 3.4% year on year.」

    While stagnant demand for general-market glass tableware and a reduced product mix continued, orders for ceramics from domestic and overseas hotels were secured.
  5. FY2024-Q2Weak general-market demand alongside gains in hotel demandAnnual report

    「Glass tableware saw an increase in orders for business-use products for alcohol manufacturers, but overall performance remained sluggish because general-market demand stagnated and the number of storage-jar products was reduced. Ceramics benefited from orders secured from hotels both domestically and overseas, resulting in segment sales of ¥6,834 million, up 2.1% year on year.」

    While stagnant demand for general-market glass tableware and a reduced product mix continued, orders for business-use products and ceramics for domestic and overseas hotels were secured.
  6. FY2024-Q1Weak general-market demand alongside recovering business-use and overseas demandAnnual report

    「Glass tableware saw an increase in orders for business-use products for alcohol manufacturers, but overall performance remained sluggish because general-market demand stagnated and the product mix was reduced. Ceramics benefited from recovering demand from domestic hotels and restaurants and from overseas, resulting in segment sales of ¥3,571 million, up 3.5% year on year.」

    While weak demand for general-market glass tableware and a reduced product mix continued, demand for business-use products, domestic hotels and restaurants, and overseas markets was reported to be recovering, resulting in divergent demand trends.
  7. FY2023-Q3RestatedAnnual report

    「Glass tableware saw firm orders for corporate promotional items and sales in the general market, including Aderia Retro. Ceramics benefited from recovering demand both domestically and overseas, resulting in segment sales of ¥10,166 million (year-on-year change: —%).」

    The resilience of general-market sales, including Aderia Retro, and the recovery in domestic and overseas demand for ceramics have been reaffirmed.
  8. FY2023-Q2MitigatedAnnual report

    「Glass tableware saw firm orders for corporate promotional items and sales in the general market, including Aderia Retro. Ceramics benefited from recovering demand both domestically and overseas, resulting in segment sales of ¥6,694 million (year-on-year change: —%).」

    Corporate promotional items and general-market sales of glass tableware remained firm, while domestic and overseas demand for ceramics also recovered. The impact of the previous decline in demand, particularly from domestic hotels, was partly mitigated during the quarter.
  9. FY2023-Q1Recovery in Middle Eastern hotel demand and the impact of China's zero-COVID policyAnnual report

    「Glass tableware saw firm orders for corporate promotional items and sales in the general market, including Aderia Retro. Although ceramics was affected by China's zero-COVID policy and other factors, overseas orders increased as hotel demand recovered, particularly in the Middle East, resulting in segment sales of ¥3,450 million (year-on-year change: —%).」

    While general-market glass tableware sales and ceramics orders from Middle Eastern hotels recovered, the impact of China's zero-COVID policy was also noted, with demand trends diverging by region and channel.
  10. FY2022-Q3Growth in general-market sales, including Aderia Retro, alongside lower domestic hotel ordersAnnual report

    「Glass tableware saw growth in orders for corporate promotional items and sales in the general market, including Aderia Retro. Ceramics saw a significant decline in orders from domestic hotels, but overseas orders increased except those from airlines, resulting in segment sales of ¥8,527 million, up 17.2% year on year.」

    While corporate promotional items and general-market sales, including Aderia Retro, grew for glass tableware, ceramics saw a significant decline in domestic hotel orders alongside an increase in some overseas orders.
  11. FY2022-Q2Partial recovery in sales alongside lower domestic hotel ordersAnnual report

    「Glass tableware saw firm orders for corporate promotional items and sales in the general market. Ceramics saw a significant decline in orders from domestic hotels, but overseas orders increased except those from airlines, resulting in segment sales of ¥5,834 million, up 16.0% year on year.」

    While sales of corporate promotional items, general-market products, and some overseas orders recovered, ceramics orders from domestic hotels declined significantly, resulting in divergent demand trends.
  12. FY2022-Q1Partial recovery in sales alongside lower domestic hotel ordersAnnual report

    「Glass tableware saw firm orders for corporate promotional items and sales in the general market. Ceramics saw a significant decline in orders from domestic hotels, while total segment sales came to ¥3,033 million, up 10.5% year on year.」

    Demand trends diverged, with corporate promotional items and the general-market glass tableware business remaining firm, while ceramics saw a significant decline in orders from domestic hotels.
  13. FY2021MaterialisedAnnual report

    「Glass tableware saw lower orders for business-use products and promotional items for alcohol manufacturers, as well as weaker sales in the general market. Ceramics also saw lower orders from overseas airlines, domestic and overseas hotels and restaurants, and domestic corporations, among others, resulting in segment sales of ¥9,661 million, down 26.5% from the previous fiscal year.」

    The decline in conventional domestic and overseas business and corporate demand due to the infectious disease was reflected in a 26.5% decline in full-year sales.
  14. FY2021-Q3MaterialisedAnnual report

    「Glass tableware saw lower orders for business-use products and promotional items for alcohol manufacturers, as well as weaker sales in the general market. Ceramics also saw lower orders from overseas airlines, domestic and overseas hotels and restaurants, and domestic corporations, among others, resulting in segment sales of ¥7,277 million, down 28.9% year on year.」

    Orders and sales declined for glass tableware business-use products and promotional items, the general market, and ceramics for overseas airlines, domestic and overseas hotels and restaurants, and domestic corporations, resulting in a 28.9% year-on-year decline in segment sales.
  15. FY2021-Q2MaterialisedAnnual report

    「Orders for commercial-use products and promotional gifts from alcoholic beverage manufacturers declined, and sales of storage bottles also fell due to a poor ume harvest. In ceramics, orders from overseas airlines, hotels and restaurants, as well as domestic department stores and corporate customers, declined, and segment revenue was ¥5,029 million, down 29.2% year on year.」

    Orders for commercial-use products, promotional gifts, hotels and restaurants, and airlines declined across Japan and overseas in both glass tableware and ceramics, and segment revenue fell 29.2% year on year.
  16. FY2021-Q1MaterialisedAnnual report

    「Sales of glass tableware to the general market declined as personal consumption weakened, while orders for commercial-use products and promotional gifts from alcoholic beverage manufacturers also decreased. In ceramics, orders from overseas hotels, restaurants and airlines declined, and segment revenue was ¥2,744 million, down 28.0% year on year.」

    Weak personal consumption and declines in orders for commercial-use products, promotional gifts, and overseas hotels, restaurants and airlines became evident in results, with segment revenue down 28.0% year on year.
  17. FY2020RestatedAnnual report

    「Domestic demand for glass tableware has reached a plateau due to the declining birthrate and aging population, among other factors, but demand remains for products tailored to individual preferences, and Made-in-Japan products are popular overseas. In ceramics, individual demand remains sluggish, while corporate demand from hotels and airlines remains firm.」

    The company reconfirms the plateauing of domestic demand for glass tableware, overseas demand for Made-in-Japan products, sluggish individual demand for ceramics, and firm corporate demand from hotels and airlines.
  18. FY2020-Q3Increased domestic hotel and restaurant orders and decreased overseas airline ordersAnnual report

    「Sales of glass tableware to the general market remained firm, but orders for commercial-use products and promotional gifts from beer manufacturers declined. In ceramics, orders from domestic hotels and restaurants increased, but orders from overseas airlines declined, and segment revenue was ¥10,232 million, down 8.2% year on year.」

    Orders for commercial-use products and promotional gifts in glass tableware continued to decline, while in ceramics, orders from domestic hotels and restaurants increased and orders from overseas airlines decreased.
  19. FY2020-Q2Declining domestic orders for commercial-use products, promotional gifts, hotels and restaurantsAnnual report

    「Sales of glass tableware to the general market remained firm, but orders for commercial-use products and promotional gifts from beer manufacturers declined. In ceramics, orders from domestic hotels, restaurants and department stores declined, and segment revenue was ¥7,101 million, down 5.4% year on year.」

    While sales to the general market remained firm, orders for commercial-use products and promotional gifts in glass tableware, as well as orders from domestic hotels, restaurants and department stores in ceramics, declined.
  20. FY2020-Q1Declining domestic orders for commercial-use products and promotional giftsAnnual report

    「Sales of glass tableware to the general market remained firm, but orders for commercial-use products and promotional gifts from corporate customers declined. In ceramics, orders from domestic department stores, hotels and restaurants declined, and segment revenue was ¥3,814 million, down 6.8% year on year.」

    While sales to the general market remained firm, orders for commercial-use products and corporate promotional gifts in glass tableware, as well as orders for domestic department stores, hotels and restaurants in ceramics, declined.
  21. FY2019ReframedAnnual report

    「Domestic demand for glass tableware has reached a plateau due to Japan’s declining birthrate and aging population, but demand remains for products tailored to individual preferences, and Made-in-Japan products are popular overseas. In ceramics, individual demand remains sluggish, while corporate demand from hotels and airlines remains firm. From a distribution perspective, the expansion of the online market is also pronounced.」

    In addition to the previously identified market polarization and expansion of online sales, the company broadened its focus to a market structure encompassing plateauing domestic demand, overseas demand for Made-in-Japan products, and firm corporate demand from hotels and airlines.
  22. FY2019-Q3RestatedAnnual report

    「In ceramics, orders from domestic department stores and corporate customers declined, while orders from overseas airlines increased. Segment revenue was ¥11,142 million, up 3.6% year on year.」

    The company reconfirms the divergence by sales channel, with orders from domestic department stores and corporate customers declining while orders from overseas airlines increased.
  23. FY2019-Q2RestatedAnnual report

    「Sales of glass tableware to the general market remained firm, although orders for commercial-use products and storage bottles from alcoholic beverage manufacturers performed well. In ceramics, orders from domestic department stores and corporate customers declined, while orders from overseas hotels, restaurants and airlines increased. Segment revenue was ¥7,504 million, up 2.1% year on year.」

    The company reconfirms the divergence by channel, with orders from domestic department stores and corporate customers declining while orders from overseas hotels, restaurants and airlines increased.
  24. FY2019-Q1Divergent order trends across domestic and overseas channelsAnnual report

    「Sales of glass tableware to the general market remained firm, although orders for commercial-use products and storage bottles from alcoholic beverage manufacturers performed well. In ceramics, orders from domestic department stores and corporate customers declined, while orders from overseas hotels, restaurants and airlines increased. Segment revenue was ¥4,091 million, up 0.6% year on year.」

    Orders from domestic department stores and corporate customers declined, while orders from overseas hotels, restaurants and airlines increased, resulting in divergent trends by sales channel.
  25. FY2018RestatedAnnual report

    「Sales channels in Japan’s domestic glass tableware market are becoming more diverse. The company will review its sales channels and promote market-in proposals to develop products aligned with market needs.」

    The company reconfirms its policy of treating the diversification of sales channels as a change in the business environment, reviewing its sales channels and developing products aligned with market needs.
  26. FY2017RestatedAnnual report

    「Japan’s domestic glass tableware market is becoming increasingly polarized between low-priced and high-priced products, while sales channels are shifting from traditional in-store sales to online sales.」

    The company continues to identify polarization in the glass tableware market and the shift to online sales as changes in the business environment.
  27. FY2016First statedAnnual report

    「In Japan’s glass tableware market, polarization between low-priced and high-priced products is accelerating, while online sales are also expanding rapidly. In ceramics, the company is responding to the shrinking space allocated to its products in domestic department stores by focusing its resources selectively, while」

    The company identifies market polarization, changes in sales channels and shrinking department-store space as factors requiring a business response.
Moved together

"Structural decline in demand for glass bottles" moved the same way as this thread, in the same document, in 5 of its 27 moves.

544433★123456
  1. ★This thread
  2. 1Structural decline in demand for glass bottles5×
  3. 2Securing a Stable Consolidated Operating Margin of 3%4×
  4. 3Decline in demand for paper containers and foreign exchange impact on imported base paper prices4×
  5. 4Stagnation of Economic Activity and Deterioration in Profitability Due to COVID-194×
  6. 5¥3 Billion Reduction in Interest-Bearing Debt Over 3 Years3×
  7. 6Uncertainty in the business environment due to unstable international conditions, monetary policy and China's economic slowdown3×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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Ishizuka Glass's next results are scheduled for 2026-10-22. Read the earnings preview
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Polarisation in the Glass Tableware and Ceramics Market, Expansion of Online Sales, Reduction of Domestic Retail Outlets | ISHIZUKA GLASS CO.,LTD. (5204) | Komori