Competition from Low-Priced Overseas Nonwoven Masks
First written in FY2022-Q2. 2 of 3 entries say "Materialised", first in FY2022-Q2. Latest entry: FY2022.
Yamashin-Filter Corp. moved to the "Worse" side of this theme in 2021, 1 year before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 2 of 6 companies on the "Worse" side.
7 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「Operating profit became an operating loss due to a substantial decline in demand associated with changes in the market environment for household masks.」
Changes in the household mask market environment caused by inexpensive overseas nonwoven masks and other products, together with the substantial decline in demand for high-performance masks, continued, resulting in a full-year operating loss. - FY2022-Q3MaterialisedAnnual report
「In the household mask market, demand for inexpensive, disposable overseas nonwoven masks increased significantly, causing a substantial decline in demand for the Company's main product, high-performance masks, and resulting in an operating loss.」
The increase in demand for inexpensive overseas nonwoven masks substantially reduced demand for high-performance masks, resulting in an operating loss for the Healthcare business. - FY2022-Q2MaterialisedAnnual report
「In the household mask market within the Healthcare business, supplies of masks were sufficient. Although there was demand for the high quality of domestically produced products, demand for inexpensive, disposable nonwoven masks from overseas was significant, and revenue remained sluggish during the cumulative second quarter of the fiscal year.」
Demand for inexpensive overseas nonwoven masks became significant in the household mask market, and revenue in the Healthcare business remained sluggish.