Sluggish demand for office-related products due to prolonged work-from-home arrangements
First written in FY2022-Q1. 4 of 8 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2025: 5 of 8 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「Housing-related and office-related products performed steadily, but revenue declined due to sluggish shipments of fixtures-related products.」
Office-related products remained firm, maintaining their recovery from weak demand caused by work-from-home arrangements and other factors. - FY2023MitigatedAnnual report
「Difficulty procuring materials and rising prices gradually eased from the second half of the fiscal year. Meanwhile, demand emerged from the slump caused by the COVID-19 pandemic, and products across the board, including fixtures, doors, kitchen-related products and office-related products, grew.」
Housing materials-related products broadly grew, including office-related products whose demand had been weak due to changes in workstyles such as work-from-home arrangements. - FY2023-Q3MitigatedAnnual report
「The difficulties in procuring materials and soaring prices for residential components, which had continued for more than 1 year, were easing somewhat. Demand recovered from the COVID-19-related slump, and custom-made components, fittings, kitchen-related products and office-related products grew broadly.」
Housing materials-related products broadly grew, including office-related products whose demand had been weak due to changes in workstyles such as work-from-home arrangements. - FY2023-Q2RestatedAnnual report
「Although difficulty procuring materials and rising prices remained severe, conditions had eased somewhat recently. Demand recovered from the slump caused by the COVID-19 pandemic, and products across the board, including fixtures, doors, kitchen-related products and office-related products, broadly recovered.」
The broad recovery in housing materials-related products continued, including office-related products whose demand had been weak due to changes in workstyles such as work-from-home arrangements. - FY2023-Q1MitigatedAnnual report
「Although the housing-materials business continued to face difficult conditions both in procuring materials and due to rising prices, demand recovered from the slump caused by the COVID-19 pandemic, and products across the board, including fixtures, doors, kitchen-related products and office-related products, showed a broad-based recovery.」
Housing materials-related products broadly recovered, including office-related products whose demand had been weak due to changes in workstyles such as work-from-home arrangements. - FY2022-Q3RestatedAnnual report
「The slump in the housing-materials business caused by the COVID-19 pandemic bottomed out, and sales increased for fixtures, resin products, doors and kitchen-related products. However, sales of office-related products remained sluggish as working from home became established and work styles changed.」
Weak demand for office-related products continued amid changes in workstyles, including the establishment of work-from-home arrangements. - FY2022-Q2RestatedAnnual report
「In housing materials-related operations, the downturn experienced during last year's COVID-19 pandemic bottomed out as various events, including housing exhibitions, resumed and online business meetings became more widespread. Sales increased for built-in components, resin products, fittings and kitchen-related products, but demand for office-related products remained weak due to the prolonged use of work-from-home arrangements and other factors.」
Weak demand for office-related products due to the prolonged use of work-from-home arrangements and other factors continued. - FY2022-Q1First statedAnnual report
「Demand for office-related products remained weak due to the prolonged use of work-from-home arrangements and other factors.」
The prolonged use of work-from-home arrangements and other factors were explicitly identified for the first time as contributing to weak demand for office-related products.