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Ishizuka Glass (5204) · RiskWorsenedLatest Financial Results Presentation (2026-10-22): "Materialised"

Structural decline in demand for glass bottles

First written in FY2016. 19 of 31 entries say "Materialised", first in FY2017. Latest entry: 2026-10-22.

31entries
11years
4from disclosures
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How it moved
ProgressHeldSoftenedWorseMaterialisedFY2017 – FY2021MitigatedFY2022-Q1 – FY2023-Q1MaterialisedFY2024 – 2026-10-222016: 120162017: 320172018: 420182019: 420192020: 420202021: 420212022: 220222023: 120232024: 220242025: 120252026: 52026
Same theme, other companies
Long-term decline in glass bottle demand due to population decline and the shift to other materialsA theme 2 companies write about · 2 as a headwind · 0 as a tailwind

Ishizuka Glass moved to the "Worse" side of this theme in 2017.

1 other company's latest entry also says "Materialised".

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. FY2026WorsenedAnnual report

    「Demand for the glass bottle industry as a whole has declined due to changing consumer needs and competition from containers made of other materials, resulting in a gradual decline in shipment volumes. Industry shipment weight in 2025 fell to 94.5% of the previous year. If demand changes substantially beyond current expectations, this could affect the Group’s performance.」

    The structural decline in glass bottle demand is quantified by industry shipment weight falling to 94.5% of the previous year in 2025, down further from the 96.2% recorded in 2023.
  2. FY2026-H1MaterialisedAnnual report

    「Although the company proceeded with price revisions to offset increases in the prices of various materials and logistics costs, shipment volumes declined due to the impact of consumers refraining from purchases amid rising prices, and revenue was ¥5,442 million, down 2.0% year on year.」

    In addition to the structural risk of declining glass bottle demand, consumers refraining from purchases amid rising prices led to lower shipment volumes, and revenue fell 2.0% year on year.
  3. FY2025-Q1MaterialisedAnnual report

    「Glass bottle revenue was ¥2,872 million, down 12.4% year on year, mainly because orders placed before price revisions prompted by soaring prices for various materials were recorded in the previous year and shipments of bottles for alcoholic beverages declined.」

    Glass bottle revenue fell 12.4% year on year due to the reversal of orders placed before the price revisions and declining shipments of bottles for alcoholic beverages.
  4. FY2024WorsenedAnnual report

    「Demand for the glass bottle industry as a whole has declined due to changing consumer needs and competition from containers made of other materials, resulting in a gradual decline in shipment volumes. Industry shipment weight in 2023 fell to 96.2% of the previous year.」

    The structural decline in glass bottle demand is quantified by industry shipment weight in 2023 falling to 96.2% of the previous year.
  5. FY2023-Q3RestatedAnnual report

    「Glass bottle revenue was ¥11,217 million, as market conditions partially recovered from the repeated states of emergency declared the previous year and shipments increased, mainly of sake bottles and bottled-water containers for restaurants and other food-service establishments (year-on-year change: –%).」

    The company reconfirms the partial recovery in market conditions from the state of emergency declared the previous year and increased shipments of sake bottles and bottled-water containers for restaurants and other food-service establishments.
  6. FY2023-Q1MitigatedAnnual report

    「Glass bottle revenue was ¥3,699 million, as market conditions partially recovered from the state of emergency declared the previous year and shipments increased, mainly of sake bottles and bottled-water containers (year-on-year change: –%).」

    The disclosure cites a partial recovery in market conditions from the previous year, when the infectious disease was prevalent, and increased shipments of sake bottles and bottled-water containers, indicating that the impact of declining glass bottle demand was partially mitigated.
  7. FY2022-Q3MitigatedAnnual report

    「Glass bottles generated revenue of ¥10,671 million, up 0.8% year on year, mainly because demand for beer bottles and sake bottles for restaurants and other food-service establishments remained firm.」

    Despite the ongoing risk of structural demand decline, demand for beer and sake bottles for restaurants and other food-service establishments remained firm, and glass bottle revenue increased 0.8% year on year.
  8. FY2022-Q2MitigatedAnnual report

    「Glass bottles generated revenue of ¥6,627 million, up 4.7% year on year, mainly due to increased demand for non-alcoholic beverage bottles for restaurants and other food-service establishments.」

    Despite the ongoing risk of structural demand decline, glass bottle revenue increased 4.7% year on year as demand for non-alcoholic beverage bottles rose.
  9. FY2022-Q1MitigatedAnnual report

    「For glass bottles, demand for bottles for non-alcoholic beverages for restaurants increased, while shipments of sake and food and seasoning bottles rose. Revenue was ¥3,437 million, up 13.0% year on year.」

    Although the risk of a structural decline in demand remains, demand and shipments of bottles for non-alcoholic beverages, sake bottles, and food and seasoning bottles increased in the first quarter, resulting in a 13.0% year-on-year increase in revenue.
  10. FY2021WorsenedAnnual report

    「Demand for glass bottles, a core product of the Group, has declined across the industry due to changing consumer needs and competition from containers made of other materials, among other factors, and shipment volumes have been gradually declining. In addition, the impact of the spread of COVID-19 compounded these factors, and industry shipments in 2020 fell to 91.0% of the previous year’s level.」

    The impact of the infectious disease compounded the existing structural decline in demand, and industry shipments in 2020 fell to 91.0% of the previous year’s level.
  11. FY2021-Q3MaterialisedAnnual report

    「For glass bottles, shipments of beer, sake and shochu bottles for restaurants fell substantially, among other factors, and revenue was ¥10,587 million, down 17.6% year on year.」

    The decline in restaurant demand associated with the infectious disease reduced shipments of beer, sake and shochu bottles, resulting in a 17.6% year-on-year decline in glass-bottle revenue.
  12. FY2021-Q2MaterialisedAnnual report

    「For glass bottles, shipments of beer, sake and shochu bottles for restaurants fell substantially, among other factors, and revenue was ¥6,330 million, down 21.9% year on year.」

    The decline in restaurant demand associated with the infectious disease continued to be reflected in lower shipments of beer, sake and shochu bottles and a 21.9% year-on-year decline in revenue.
  13. FY2021-Q1WorsenedAnnual report

    「For glass bottles, shipments of beer, sake and shochu bottles for restaurants fell sharply due to restrictions on going out. Revenue was ¥3,041 million, down 26.6% year on year.」

    In addition to the existing decline in demand, shipments of beer, sake and shochu bottles for restaurants declined due to restrictions on going out, resulting in a 26.6% year-on-year decline in revenue.
  14. FY2020WorsenedAnnual report

    「For glass bottles, shipments of returnable bottles for soft drinks and beer fell sharply, while demand for shochu and sake bottles declined, causing shipments to remain sluggish. Revenue was ¥16,659 million, down 5.9% year on year.」

    Demand and shipments of returnable, shochu and sake bottles continued to decline, and glass-bottle revenue fell 5.9% year on year.
  15. FY2020-Q3WorsenedAnnual report

    「For glass bottles, shipments of returnable bottles for soft drinks and beer fell sharply, while demand for shochu and sake bottles declined, causing shipments to remain sluggish. Revenue was ¥12,845 million, down 5.7% year on year.」

    Lower shipments of returnable bottles and weaker demand for shochu and sake bottles resulted in a 5.7% year-on-year decline in glass-bottle revenue, worsening from the 5.3% decline in the previous quarter.
  16. FY2020-Q2MaterialisedAnnual report

    「For glass bottles, shipments of returnable and beer bottles fell sharply, while demand for shochu and sake bottles declined, causing shipments to remain sluggish. Revenue was ¥8,106 million, down 5.3% year on year.」

    Lower shipments of returnable and beer bottles and weaker demand for shochu and sake bottles resulted in a 5.3% year-on-year decline in glass-bottle revenue.
  17. FY2020-Q1MaterialisedAnnual report

    「For glass bottles, shipments remained sluggish due to a decline in orders for returnable bottles and the shift of some food and seasoning bottles to containers made of other materials. Revenue was ¥4,143 million, down 2.7% year on year.」

    Lower orders for returnable bottles and the shift to containers made of other materials resulted in a 2.7% year-on-year decline in glass-bottle revenue, and the decline in demand continued.
  18. FY2019MaterialisedAnnual report

    「For glass bottles, shipments of some food and seasoning bottles fell sharply as they shifted to containers made of other materials. Beer-bottle shipments also declined following the increase in orders ahead of a price increase for commercial beer, while demand for sake bottles fell. Revenue was ¥17,698 million, down 4.5% year on year.」

    The shift to containers made of other materials, the subsequent decline in beer-bottle shipments, and weaker demand for sake bottles resulted in a 4.5% year-on-year decline in glass-bottle revenue.
  19. FY2019-Q3MaterialisedAnnual report

    「For glass bottles, shipments of some food and seasoning bottles fell sharply as they shifted to containers made of other materials. Beer-bottle shipments also declined following the increase in orders ahead of a price increase for commercial beer. Revenue was ¥13,616 million, down 4.4% year on year.」

    The shift to containers made of other materials and the subsequent decline in beer-bottle shipments resulted in a 4.4% year-on-year decline in glass-bottle revenue, reflecting the decline in demand.
  20. FY2019-Q2MaterialisedAnnual report

    「For glass bottles, shipments of some food and seasoning bottles fell sharply as they shifted to containers made of other materials. Beer-bottle shipments also declined following the increase in orders ahead of a price increase for commercial beer. Revenue was ¥8,562 million, down 6.0% year on year.」

    The shift to containers made of other materials and the subsequent decline in beer-bottle shipments resulted in a 6.0% year-on-year decline in glass-bottle revenue, reflecting the decline in demand.
  21. FY2019-Q1MaterialisedAnnual report

    「For glass bottles, beer-bottle shipments fell sharply following the increase in orders ahead of a price increase for commercial beer, while demand for shochu and sake bottles also declined. Shipments consequently remained sluggish, and revenue was ¥4,258 million, down 7.2% year on year.」

    The decline in demand for glass bottles was reflected in lower beer-bottle shipments, weaker demand for shochu and sake bottles, and a 7.2% year-on-year decline in revenue.
  22. FY2018MaterialisedAnnual report

    「For glass bottles, beer-bottle shipments increased due to higher orders ahead of a beer price increase, but shipments of drinking-water bottles, which had been strong in the previous fiscal year, ran their course, while shipments of whiskey and shochu bottles also declined. Revenue was ¥18,522 million, down 1.1% year on year.」

    Although shipments of some products increased, glass-bottle revenue declined due to the completion of the surge in drinking-water bottle shipments and other factors.
  23. FY2018-Q3MaterialisedAnnual report

    「For glass bottles, shipments of food and seasoning bottles increased, while beer-bottle shipments rose due to increased orders ahead of a beer price increase. However, shipments of drinking-water bottles, which had been strong in the previous fiscal year, ran their course, and revenue was ¥14,240 million, down 0.6% year on year.」

    Although shipments of some products increased, the completion of the surge in drinking-water bottle shipments resulted in a 0.6% year-on-year decline in glass-bottle revenue.
  24. FY2018-Q2MaterialisedAnnual report

    「For glass bottles, shipments of sake, food and seasoning, and beer bottles increased, but shipments of drinking-water bottles, which had been strong in the previous fiscal year, ran their course. Revenue was ¥9,108 million, down 0.9% year on year.」

    Although shipments of some products increased, the completion of the surge in drinking-water bottle shipments resulted in a 0.9% year-on-year decline in glass-bottle revenue.
  25. FY2018-Q1MaterialisedAnnual report

    「For glass bottles, shipments of sake and beer bottles increased, but shipments of drinking-water bottles, which had been strong in the previous fiscal year, levelled off. Revenue was ¥4,589 million, down 0.7% year on year.」

    Although shipments of some products increased, shipments of drinking-water bottles levelled off, and revenue declined 0.7% year on year.
  26. FY2017MaterialisedAnnual report

    「For glass bottles, shipments of bottles for drinking water increased after the company won a new product, but shipments of whiskey bottles, which had performed well due to the effect of a television drama two years earlier, fell sharply, while shipments of beer bottles also declined. Revenue was ¥18,730 million, down 3.4% year on year.」

    In connection with the structural decline in demand for glass bottles, lower shipments of whiskey and beer bottles and a 3.4% year-on-year decline in revenue were reflected in the results.
  27. FY2016First statedAnnual report

    「Demand for glass bottles, a core product of the Group, has declined across the industry due to competition from containers made of other materials, among other factors, and shipment volumes have fallen year after year.」

    The company assumes that this trend will continue for the time being and identifies as a risk the impact of a faster-than-expected shift to containers made of other materials.
Moved together

"Securing a Stable Consolidated Operating Margin of 3%" moved the same way as this thread, in the same document, in 16 of its 31 moves.

16161514119★123456
  1. ★This thread
  2. 1Securing a Stable Consolidated Operating Margin of 3%16×
  3. 2Uncertainty in the business environment due to unstable international conditions, monetary policy and China's economic slowdown16×
  4. 3Earnings volatility caused by soaring material prices and exchange-rate fluctuations15×
  5. 4Decline in demand for paper containers and foreign exchange impact on imported base paper prices14×
  6. 5Collection of Accounts Receivable and Counterparty Credit Risk11×
  7. 6¥3 Billion Reduction in Interest-Bearing Debt Over 3 Years9×

★ 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 It last moved in the Financial Results Presentation of 2026-10-22: "Materialised".
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Structural decline in demand for glass bottles | ISHIZUKA GLASS CO.,LTD. (5204) | Komori