Supply Constraints for New Zealand Products and Imports from Southeast Asia
First written in FY2018-Q1. 12 of 23 entries say "Restated". Latest entry: FY2024-Q2.
Hokushin moved to the "Worse" side of this theme in 2021, the same year as the typical company in this theme.
2 other companies' latest entry also says "Restated".
- FY2024-Q2RestatedAnnual report
「During the cumulative second quarter, there were no material changes in matters concerning the business and financial conditions described in this quarterly securities report that could have a material impact on investors' decisions, nor in the risks associated with the business and other matters described in the securities report for the previous fiscal year.」
The Company stated that there had been no material changes to existing business risks, including supply constraints on New Zealand products and imports from Southeast Asia. - FY2024-Q1RestatedAnnual report
「During the cumulative first-quarter period, there were no occurrences of matters described in this quarterly securities report concerning the business or financial condition that could have a material impact on investors' decisions, and no material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The Company stated that there had been no material changes to existing business risks, including supply constraints on New Zealand products and imports from Southeast Asia. - FY2023RestatedAnnual report
「Through the second quarter, sales remained strong in all major applications, including replacement demand for imported MDF, building materials, flooring substrates and structural applications. However, from the third quarter onward, sales volume of the company's MDF also remained sluggish as new housing starts showed little growth.」
While replacement demand arising from supply constraints on imported MDF supported sales in the first half, sales volume also remained sluggish in the second half as housing starts showed little growth. - FY2023-Q3RestatedAnnual report
「Through the second quarter, sales in the core building-materials applications, flooring substrate applications and structural applications remained strong, including substitution demand for imported MDF. However, in the third quarter, new housing starts stagnated, and our MDF sales volume consequently declined.」
While replacement demand arising from supply constraints on imported MDF continued, MDF sales volume declined in the third quarter due to sluggish growth in housing starts. - FY2023-Q2RestatedAnnual report
「Regarding our performance for the cumulative second quarter, although domestic new housing starts remained sluggish, sales remained strong across structural applications as well as our core building-material and flooring-base applications, supported by substitution demand for imported MDF, whose supply had been constrained by vessel shortages and delayed shipments since the previous year.」
While delays in deliveries of imported MDF continued, sales in major applications remained strong due to replacement demand for domestic products, according to the disclosure. - FY2023-Q1MaterialisedAnnual report
「Sales remained strong across structural applications, the core building-materials applications, and flooring substrate applications, supported by the shortage of vessels that has continued since last year and substitution demand, including demand replacing imported MDF whose arrivals had been delayed.」
The shortage of vessels and delays in deliveries of imported MDF continued, and supply constraints on imported products materialized as replacement demand for domestic products. - FY2022MaterialisedAnnual report
「However, domestic production could not keep pace with sales, while inventory shortages of imported products became chronic due to supply chain disruptions, making it necessary to limit sales volume to some extent.」
Insufficient domestic production capacity and chronic inventory shortages of imported products actually made it necessary to limit sales volume relative to demand. - FY2022-Q3MaterialisedAnnual report
「Sales also increased as replacement demand for imported MDF in short supply due to the shortage of vessels during the COVID-19 pandemic and factory shutdowns caused by local lockdowns.」
The shortage of vessels and factory shutdowns caused by local lockdowns continued, and the shortage of imported MDF materialized as replacement demand for domestic products. - FY2022-Q2MaterialisedAnnual report
「In addition, sales volume of domestic products increased as replacement demand for insufficient imported MDF, due to the shortage of container vessels during the COVID-19 pandemic and factory shutdowns caused by local lockdowns.」
In addition to the shortage of container vessels, factory shutdowns caused by local lockdowns occurred, and the shortage and delayed deliveries of imported MDF materialized as replacement demand for domestic products. - FY2022-Q1MaterialisedAnnual report
「In addition, sales volume increased due to replacement demand for domestic products, as deliveries of imported MDF were delayed because of the shortage of container vessels during the COVID-19 pandemic and the sharp increase in U.S. housing starts.」
Delays in deliveries of imported MDF actually occurred against the backdrop of a shortage of container vessels and a sharp increase in U.S. housing starts. The company stated that it responded through replacement demand for domestic products. - FY2021MaterialisedAnnual report
「From the second quarter onward, delays in deliveries of imported MDF due to a shortage of container vessels made it necessary to revise the initial plan, including a review of the focus on domestically produced water-resistant products and the return of part of commodity-product production to Japan.」
A shortage of container vessels and delays in deliveries of imported MDF actually occurred. In response to constraints on imported supplies, part of production was brought back to Japan. - FY2021-Q3RestatedAnnual report
「Sales volumes of imported MDF products primarily used for furniture also declined amid worsening market conditions.」
The decline in sales volumes of imported MDF products primarily used for furniture continued amid worsening market conditions. - FY2021-Q2RestatedAnnual report
「Sales volumes of imported products primarily used for furniture also declined amid worsening market conditions.」
The decline in sales volumes of imported products primarily used for furniture continued amid worsening market conditions. - FY2020RestatedAnnual report
「For imported MDF products, sales volumes of Indonesian products increased year on year as general-purpose products previously produced domestically were shifted to imported products to raise the proportion of water-resistant products produced domestically. Meanwhile, sales volumes of New Zealand products declined due to weakness in the furniture market.」
The increase in sales volumes of Indonesian products and the decline in sales volumes of New Zealand products due to weakness in the furniture market both continued over the full fiscal year. - FY2020-Q3RestatedAnnual report
「For imported MDF products, sales volumes of Indonesian products increased year on year as general-purpose products previously produced domestically were shifted to imported products to raise the proportion of water-resistant products produced domestically. Meanwhile, sales volumes of New Zealand products declined due to weakness in the furniture market.」
The increase in sales volumes of Indonesian products and the decline in sales volumes of New Zealand products due to weakness in the furniture market continued. - FY2020-Q2RestatedAnnual report
「For imported MDF products, sales volumes of Indonesian products increased year on year as general-purpose products previously produced domestically were shifted to imported products to raise the proportion of water-resistant products produced domestically. Meanwhile, sales volumes of New Zealand products declined due to weakness in the furniture market.」
Sales volumes of Indonesian products increased, while sales volumes of New Zealand products declined due to weakness in the furniture market. - FY2020-Q1RestatedAnnual report
「During the cumulative first-quarter period, there were no occurrences of matters described in this quarterly securities report concerning the business or financial condition that could have a material impact on investors' decisions, and no material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The Company stated that there had been no material changes to existing business risks, including supply constraints on New Zealand products and imports from Southeast Asia. - FY2019MitigatedAnnual report
「Sales volumes of imported MDF also increased 4.0% year on year as general-purpose products previously produced domestically were replaced with imported products.」
In terms of the supply and sale of imported products, sales volumes increased 4.0% year on year as general-purpose products produced domestically were replaced with imported products, confirming a recovery following the previous year's supply constraints. - FY2019-Q3RestatedAnnual report
「Sales volumes of imported MDF also increased 5.0% year on year as general-purpose products previously produced domestically were replaced with imported products.」
The Company stated that sales volumes of imported MDF increased 5.0% year on year as general-purpose products produced domestically were replaced with imported products. - FY2019-Q2MitigatedAnnual report
「Sales volumes of imported MDF increased year on year as import arrivals from Southeast Asia, which had been problematic the previous year, fully recovered. However, this did not offset the decline in domestic product sales, resulting in a 1.3% year-on-year decline in revenue.」
Import arrivals of MDF from Southeast Asia, which had been problematic the previous year, fully recovered, and sales volumes also increased year on year. - FY2018-Q3MitigatedAnnual report
「For imported products, import arrivals, which had been an issue in the first half, began to increase in the second half and sales volumes recovered, but this was insufficient to offset the low sales volumes in the first half.」
Import arrivals and sales volumes began to recover in the second half, partially easing supply constraints, but the impact of lower first-half sales remained. - FY2018-Q2MaterialisedAnnual report
「In addition to tight supply and demand for New Zealand products due to strong U.S. housing starts, low operating rates at Southeast Asian plants caused by poor weather reduced the volume of imports arriving at ports, resulting in lower revenue.」
The decline in import arrivals caused by tight supply and demand for New Zealand products and low operating rates at Southeast Asian plants continued, contributing to lower revenue. - FY2018-Q1First statedAnnual report
「In addition to tight supply and demand for New Zealand products due to strong U.S. housing starts, low operating rates at Southeast Asian plants caused by poor weather reduced the volume of imports arriving at ports, resulting in lower revenue.」
Tight supply and demand for New Zealand products driven by U.S. housing starts and low operating rates at Southeast Asian plants due to poor weather actually led to lower import arrivals and lower revenue.