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Hokushin (7897) · InitiativeAdvanced

Transition from Commodity Imported MDF to Indonesian SPF Products

First written in FY2019-Q1. 5 of 11 entries say "Advanced", first in FY2019-Q3. Latest entry: FY2022.

11entries
5years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2020-Q1 – FY2020AdvancedFY2022-Q2 – FY20222018: 120182019: 420192020: 220202021: 220212022: 22022
Same theme, other companies
Optimising residential building materials sourcing, using offcuts, and enhancing panel valueA theme 2 companies write about · 0 as a headwind · 2 as a tailwind

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

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. FY2022AdvancedAnnual report

    「Accordingly, while advancing the priority measures of the medium-term management plan, including the return of part of commodity-product production to Japan, the company responded to robust demand by operating domestic production at full capacity.」

    In response to supply constraints on imported MDF and robust demand, part of commodity-product production was brought back to Japan, and domestic production was operated at full capacity.
  2. FY2022-Q3AdvancedAnnual 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.」

    Supply constraints on imported MDF increased replacement sales of domestic products, and the shift from reliance on imports toward supplementing supply with domestic products took concrete form in actual results.
  3. FY2022-Q2AdvancedAnnual 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.」

    Supply constraints on imported MDF generated replacement demand for domestic products, and the revision of the previous policy took concrete form through an increase in domestic sales volume.
  4. FY2021ReframedAnnual report

    「The situation arose in which the initial plan had to be revised, including a review of the focus on domestically produced water-resistant products and the return of part of commodity-product production to Japan.」

    In response to the shortage of container vessels, the previous policy of shifting commodity products to imports in order to increase the proportion of water-resistant products produced domestically was revised toward returning part of production to Japan.
  5. FY2020RestatedAnnual report

    「For imported MDF products, sales volume of Indonesian products increased year on year because commodity products previously produced domestically were shifted to imported products in order to increase the proportion of water-resistant products produced domestically.」

    The company continued the product-mix change of shifting commodity products to imported products in order to increase the proportion of water-resistant products produced domestically.
  6. FY2020-Q3RestatedAnnual report

    「For imported MDF products, sales volume of Indonesian products increased year on year because commodity products previously produced domestically were shifted to imported products in order to increase the proportion of water-resistant products produced domestically.」

    The company continued its initiative of shifting commodity products previously produced domestically to imported products in order to increase the proportion of water-resistant products produced domestically.
  7. FY2020-Q2RestatedAnnual report

    「For imported MDF products, sales volume of Indonesian products increased year on year because domestically produced commodity products were shifted to imported products in order to increase the proportion of water-resistant products produced domestically.」

    The company continued its initiative of shifting commodity products previously produced domestically to imported products in order to increase the proportion of water-resistant products produced domestically. Sales volume of Indonesian products increased year on year.
  8. FY2020-Q1RestatedAnnual report

    「For the first quarter, domestic MDF sales volumes declined as the decline in housing starts reduced sales of building-material products, despite increases in structural and floor applications. For imported MDF products, sales volumes increased year on year as commodity products were shifted to Indonesian SPF products to raise the proportion of water-resistant products produced domestically, but sales volumes of New Zealand products declined amid sluggish demand in the furniture market. As a result, revenue declined 1.9%.」

    The policy of shifting commodity products to Indonesian SPF products was continued in order to increase the proportion of water-resistant products produced domestically. Sales volume of imported MDF increased year on year.
  9. FY2019AdvancedAnnual 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.」

    The product-mix change shifting commodity products from domestic production to imports became established over the full fiscal year, resulting in a 4.0% year-on-year increase in imported MDF sales volume.
  10. FY2019-Q3AdvancedAnnual 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.」

    For commodity imported MDF, the shift from domestically produced products to imported products was quantified as a 5.0% year-on-year increase in sales volume.
  11. FY2019-Q1First statedAnnual report

    「Sales volume of imported MDF increased year on year, although demand for New Zealand products for furniture applications declined as furniture imports increased, because commodity products were shifted to Indonesian SPF products.」

    The company described for the first time a specific product-mix change involving a shift in commodity imported MDF to Indonesian SPF products.
Moved together

"Expanding sales centered on water-resistant products and broadening applications for wood-based panels" moved the same way as this thread, in the same document, in 5 of its 11 moves.

532222★123456
  1. ★This thread
  2. 1Expanding sales centered on water-resistant products and broadening applications for wood-based panels5×
  3. 2Declining Housing Starts and Weak Demand Driven by the Declining Birthrate and an Aging Population3×
  4. 3Improved Revenue and Profitability2×
  5. 4Stable Dividends and Performance-Linked Profit Returns, and Use of Retained Earnings2×
  6. 5Research into functional wood-based materials, quality improvement, new applications, and the recycling of unused wood and discarded products2×
  7. 6Management Indicators Emphasizing Net Sales, Operating Income and Operating Margin2×

★ 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.

When this could move next
Hokushin's next results are scheduled for 2026-10-30. Read the earnings preview
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Transition from Commodity Imported MDF to Indonesian SPF Products | HOKUSHIN CO.,LTD. (7897) | Komori