Risk to handkerchief demand from remote work and lower gift demand
First written in FY2022-Q3. 3 of 5 entries say "Restated". Latest entry: FY2024-Q3.
No other company in this theme has enough history to compare yet.
- FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that there has been no significant change in the key risks, including the risk to handkerchief demand from working from home and declining gift demand. - FY2023MitigatedAnnual report
「Gift demand remained on a recovery trend as restrictions on activity were eased.」
It states that declining gift demand associated with working from home and restrictions on activity had shifted to a recovery trend as restrictions were eased. - FY2023-Q2RestatedAnnual report
「There are no material changes concerning the occurrence of key risks or the "Business and Other Risks" described in the securities report for the previous fiscal year.」
It states that there has been no significant change in the risk to handkerchief demand from working from home and declining gift demand. - FY2023-Q1RestatedAnnual report
「There were no newly identified business or other risks during the first quarter of the fiscal year. In addition, there were no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there has been no significant change in the risk to handkerchief demand from working from home and declining gift demand. - FY2022-Q3First statedAnnual report
「In addition to the impact of lower handkerchief demand resulting from weaker gift demand and increased remote work, the substantial decline in sales of masks classified in the handkerchief category, following strong performance in the previous fiscal year, had a major impact on the company, resulting in a difficult sales figure of 88.7% year on year.」
Lower gift demand, increased remote work and lower sales of masks classified as handkerchief products materialised as declines in handkerchief demand and sales.