Risk of Demand Fluctuations Due to Consumer Preferences and Irregular Weather
First written in FY2016. 10 of 28 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2026.
GSI Creos moved to the "Worse" side of this theme in 2016, 2 years before the typical company in this theme (2018).
The whole theme swung hardest in 2024: 22 of 30 companies on the "Worse" side.
0 other companies' latest entry also says "Other".
- FY2026Demand increased due to temperature differences, while declines occurred in certain product categoriesAnnual report
「Transactions in functional yarns and fabrics for innerwear, which had remained strong, grew against a backdrop of expanding demand for finished products due in part to winter temperature fluctuations」
Winter temperature fluctuations affected the growth of transactions in functional yarns and fabrics through increased demand for finished products, while the disclosure also describes declining transactions in other product areas, resulting in different demand effects by product category. - 2026-05-15OtherInvestor presentation
「Although transactions declined in some product categories, including lingerie, transactions in functional innerwear made from high-performance and naturally derived materials grew.」
Demand differed by product category: functional innerwear made from high-performance and naturally derived materials grew, while lingerie and other categories declined. - FY2026-H1Demand diverged by product category amid extremely hot weatherAnnual report
「Although demand for summer products such as innerwear made from functional materials and bra tops remained firm due to extremely hot weather, demand for lingerie-related products declined. Sales fell 16.7% year on year to ¥5,672 million. Meanwhile, operating profit increased 93.2% year on year to ¥238 million as measures to address higher costs resulting from surging raw material prices progressed.」
While demand for summer products remained firm against a backdrop of extremely hot weather, demand for lingerie-related products declined, resulting in different demand effects by product category. - FY2025-H1MaterialisedAnnual report
「Although lingerie-related business struggled due to extremely hot weather, sales increased 2.6% year on year to ¥6,809 million on the back of growing demand for innerwear made from functional materials. However, operating profit fell 52.1% year on year to ¥123 million due in part to higher costs caused by soaring raw material prices.」
While the difficulties faced by the lingerie-related business due to extremely hot weather actually emerged in trading conditions, demand for innerwear made from functional materials increased. - FY2024-Q3Recovery in personal consumption coincided with continued global uncertaintyAnnual report
「Japan's economy during the nine months ended the third quarter continued on a path toward a gradual recovery as social activity, including personal consumption, normalized. However, the outlook remained uncertain due to globally unstable political and economic conditions and soaring energy and raw material prices.」
While demand recovered as personal consumption and social activity normalized, uncertainty about the outlook continued due to unstable political and economic conditions and soaring energy and raw material prices. - FY2024-Q2Recovery in personal consumption coincided with stagnant demand and weak ordersAnnual report
「Japan's economy during the six months ended the second quarter was on a path toward a gradual recovery as personal consumption and inbound demand recovered. However, the outlook remained uncertain due to the effects on the global economy of soaring worldwide prices for raw materials and resources, monetary tightening led by Europe and the United States, and China's economic slowdown, as well as geopolitical risks.」
Although recovery in personal consumption and inbound demand was evident, uncertainty persisted due to globally higher costs, monetary tightening, China's economic slowdown and geopolitical risks. The disclosure also describes stagnant demand for cosmetic ingredients and weak orders for industrial materials in individual businesses. - FY2024-Q1Demand recovery coincided with weakness in demand for specific productsAnnual report
「Japan's economy during the three months ended the first quarter showed signs of normalization as restrictions on social activity related to COVID-19 were lifted. Sales of functional yarns and fabrics for innerwear amounted to ¥16,235 million, up 48.4% year on year, due to the recovery in personal consumption and the expansion of some existing transactions. Operating profit was ¥178 million, compared with an operating loss of ¥44 million in the same period of the previous year. Sales of industrial materials amounted to ¥814 million, down 23.8% year on year, as orders were weaker than in the same period of the previous year and some machinery and equipment projects were delayed. Operating loss was ¥30 million, compared with an operating loss of ¥15 million in the same period of the previous year.」
While demand related to textiles recovered against a backdrop of normalized social activity and recovering personal consumption, the effects of demand fluctuations varied by business area, including weak orders and project delays in industrial materials. - FY2023Declining hobby demand coincided with strong sales of environmentally conscious productsAnnual report
「Although some products, including environmentally conscious water-based hobby colors, performed well in hobby-related transactions, sales were affected by the leveling off of stay-at-home demand and reduced orders resulting from logistics disruptions caused by China's lockdowns. Sales amounted to ¥5,088 million, down 8.7% from the previous fiscal year, and operating profit was ¥625 million, down 18.1%.」
While some environmentally conscious products performed well, the effects of the leveling off of stay-at-home demand and logistics disruptions and reduced orders caused by China's lockdowns persisted in full-year results. - FY2023-Q3The start of a recovery in hobby demand coincided with a downturn caused by China's lockdownsAnnual report
「Although hobby-related transactions in Japan began to recover from the third quarter of the current fiscal year as sales of new products commenced, this was insufficient to offset the downturn in the first half, including reduced orders due to China's lockdowns. Sales amounted to ¥3,960 million, down 9.5% year on year, and operating profit was ¥497 million, down 17.7%.」
While domestic hobby demand began to recover from the third quarter due to sales of new products, the first-half downturn, including reduced orders caused by China's lockdowns, persisted, resulting in cumulative declines in sales and operating profit. - FY2023-Q2Slower demand recovery due to the seventh wave and surging prices coincided with recovery in some areas of demandAnnual report
「Although Japan's economy during the six months ended the second quarter was expected to normalize as economic activity resumed, the recovery in personal consumption began to show signs of weakening again due to the emergence of the seventh wave of COVID-19 and the effects of rapidly rising prices.」
While the seventh wave of the infectious disease and surging prices cast a shadow over the recovery in personal consumption, some outerwear and innerwear transactions moved toward recovery against a backdrop of a pickup in personal consumption. - FY2023-Q1MaterialisedAnnual report
「Sales of functional yarns and fabrics for innerwear in Asia amounted to ¥10,937 million, down 4.9% year on year, as erratic weather depressed retail sales and reduced orders.」
The risk of demand fluctuations actually emerged as sluggish retail sales caused by erratic weather and a decline in orders for functional yarns and fabrics for innerwear. - FY2022Recovery in apparel-related demand coincided with the end of the initial surge in medical demandAnnual report
「Against a backdrop of recovering consumption, transactions in functional yarns and fabrics for innerwear in Asia and exports of fabrics to apparel manufacturers in Europe and the United States increased. • Transactions in medical and hygiene consumables for preventing COVID-19 infections declined as demand reached a peak and leveled off.」
While some apparel-related transactions increased against a backdrop of recovering consumption, medical and hygiene consumables declined as demand reached a peak and leveled off, resulting in different demand trends by product category. - FY2022-Q1Demand recovery coincided with a pause in medical demandAnnual report
「Against a backdrop of recovering consumer activity, transactions in functional yarns and fabrics for innerwear in Asia, as well as outerwear-related transactions, including fabrics for apparel manufacturers in Europe and the United States, remained firm. Meanwhile, transactions in medical and hygiene consumables for preventing COVID-19 infections declined as demand leveled off.」
While some apparel-related demand improved as consumer activity recovered, demand for infection-control products leveled off, resulting in different demand trends by product category. - FY2020MaterialisedAnnual report
「Against this backdrop, the Group worked on key initiatives set out in its three-year medium-term management plan, which ends in the fiscal year ending March 2021, including expanding overseas sales and improving profitability. However, results were affected by erratic weather, including the unusually warm winter, and the spread of COVID-19.」
Erratic weather, including the unusually warm winter, actually affected full-year results, together with the spread of the infectious disease. - FY2020-Q3MaterialisedAnnual report
「Against this backdrop, the Group worked on key initiatives set out in its three-year medium-term management plan, which ends in the fiscal year ending March 2021, including expanding overseas sales and improving profitability. However, results were affected by erratic weather, including the unusually warm winter, and sluggish overseas markets.」
Erratic weather, including the unusually warm winter, actually affected results for the nine months ended the third quarter, together with sluggish overseas markets. - FY2020-Q2MaterialisedAnnual report
「Against this backdrop, the Group worked during the first half under review on priority measures set out in the three-year medium-term management plan ending in the fiscal year ending March 2021, including “expanding overseas sales” and “improving profitability,” but was affected by unfavorable weather and sluggish overseas markets.」
It states that the risk of demand fluctuations due to erratic weather actually affected results for the first half. - FY2020-Q1MaterialisedAnnual report
「Against this backdrop, the Group worked on priority measures set out in the three-year medium-term management plan ending in the fiscal year ending March 2021, including “expanding overseas sales” and “improving profitability,” but was ultimately affected by unfavorable weather and currently sluggish overseas markets.」
It states that the risk of demand fluctuations due to erratic weather actually affected results for the quarter. - FY2019-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, there were no new business or other risks, and no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes were identified in the risks of demand fluctuations due to consumer preferences and erratic weather. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no new business or other risks, and no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes were identified in the risks of demand fluctuations due to consumer preferences and erratic weather. - FY2018RestatedAnnual report
「Short-term changes in fashion trends and consumer preferences, as well as adverse weather such as cool summers and warm winters, could affect the Group's operating results and financial position.」
Measures to address demand fluctuation risk due to changes in consumer preferences and adverse weather, including improving product planning accuracy and shortening production lead times, continue. - FY2018-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, there were no new business or other risks, and no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes were identified in the demand fluctuation risk due to changes in consumer preferences and adverse weather. - FY2018-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no new business or other risks, and no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes were identified in the demand fluctuation risk due to changes in consumer preferences and adverse weather. - FY2018-Q1MaterialisedAnnual report
「In outerwear-related operations, exports of apparel fabrics to the United States recovered somewhat, but OEM transactions for outerwear products declined as orders failed to grow amid weak domestic apparel market conditions.」
The impact of demand fluctuations caused by weak domestic apparel market conditions emerged this quarter as a decline in orders for outerwear product OEM projects. Exports of fabrics to the United States, however, recovered somewhat. - FY2017MaterialisedAnnual report
「The women's apparel business struggled as sales failed to grow.」
The impact of demand fluctuations and sluggish consumer spending was also confirmed in full-year results as weak sales in the women's apparel business. - FY2017-Q3RestatedAnnual report
「The women's apparel business struggled as sales failed to grow.」
Weak sales in the women's apparel business continued to be disclosed from the previous quarter, indicating that the impact of demand fluctuation risk persists. - FY2017-Q2MaterialisedAnnual report
「The women's apparel business struggled as sales failed to grow.」
The impact of sluggish consumer spending and demand fluctuations materialized in actual results as weak sales in the women's apparel business. - FY2017-Q1MaterialisedAnnual report
「Transactions involving planning-oriented women's foundation garments decreased due to sluggish consumer spending.」
Demand fluctuation risk due to sluggish consumer spending materialized in actual results as a decline in transactions involving women's foundation garments. - FY2016First statedAnnual report
「Short-term changes in fashion trends and consumer preferences, as well as adverse weather such as cool summers and warm winters, could affect the Group's operating results and financial position.」
Demand risk arising from the short product cycles of apparel and fashion products.