Decline in Demand and Business Impact from COVID-19
First written in FY2020. 7 of 12 entries say "Restated". Latest entry: FY2024-Q1.
- FY2024-Q1SoftenedAnnual report
「During the first quarter of the current consolidated fiscal year, Japan's economy remained on a gradual recovery track as domestic restrictions on activities and restrictions on entry from overseas were eased.」
The document indicates that restrictions on activities and entry from overseas were eased and that economic activity was on a recovery track, using less pronounced language than before regarding the impact of activity restrictions caused by infectious diseases. - FY2023SoftenedAnnual report
「During the consolidated fiscal year, Japan's economy saw COVID-19 restrictions gradually eased, with economic activity moving toward normalization in the second half of the fiscal year, and economic conditions recovering moderately.」
Regarding COVID-19, the document describes the easing of restrictions and the normalization of economic activity in the second half of the fiscal year, indicating a less pronounced impact than the previous description of comprehensive activity restrictions. Future risks from infectious diseases and other factors nevertheless remain included among the business risks. - FY2023-Q3RestatedAnnual report
「In addition to the continuing COVID-19 pandemic, rising prices for all types of household goods are placing pressure on personal consumption and corporate earnings, with serious impacts on the domestic economy and society.」
The document continues to describe the ongoing pandemic and its associated economic and social impacts. - FY2022RestatedAnnual report
「Although the spread of the novel coronavirus has continued for more than 2 years and a gradual easing of infection-control measures and other restrictions is expected as society seeks to coexist with economic activity, the economic environment is expected to remain challenging, with soaring raw-material and fuel prices and continued foreign-exchange instability due to the worsening situation in Ukraine.」
The prolonged pandemic and challenging economic environment continue to be recognized, while expectations for the easing of infection-control measures and restrictions are also noted. - FY2022-Q3RestatedAnnual report
「In the domestic paper distribution industry, demand for printing paper related to events, flyers and other materials is gradually recovering but remains below pre-COVID-19 levels, while the accelerating shift toward digital media is making conditions increasingly challenging.」
Demand for printing paper has been recovering gradually since the pandemic, but remains below pre-pandemic levels, and the impact of accelerating demand shifts to digital media continues. - FY2022-Q2RestatedAnnual report
「In the domestic paper distribution industry, demand for printing paper related to events, flyers and other materials is gradually recovering but remains below pre-COVID-19 levels, while the accelerating shift toward digital media is making conditions increasingly challenging.」
Demand for printing paper during the pandemic has recovered only gradually, while demand remains below pre-pandemic levels and the accelerated shift to digital media has continued. - FY2022-Q1RestatedAnnual report
「In the domestic paper distribution industry as well, demand for printing paper related to events, flyers and other materials has partially recovered but remains below pre-COVID-19 levels, while the accelerating shift toward digital media is making conditions increasingly challenging.」
Although demand for printing paper has shown some recovery during the pandemic, it remains below pre-pandemic levels, and the impact on demand has continued amid an accelerated shift to digital media. - FY2021MaterialisedAnnual report
「Revenue showed a slight recovery in the second half, but this was insufficient to make up for the decline in the first half, and revenue was well below the previous year.」
Event cancellations and reduced event scale associated with the prolonged spread of infectious disease, together with the decline in demand for printing paper, continued throughout the fiscal year. Revenue was ¥13,224 million, down 16.0% year on year. - FY2021-Q3RestatedAnnual report
「In the domestic paper distribution industry as well, demand for printing paper used for flyers, pamphlets and other materials has declined substantially amid a succession of event cancellations and scale reductions, making conditions even more challenging alongside the rapid progress of digitization.」
The substantial decline in demand for printing paper caused by event cancellations and reduced event scale associated with the spread of the infection has continued. - FY2021-Q2RestatedAnnual report
「In the domestic paper distribution industry as well, demand for printing paper used for flyers, pamphlets and other materials has declined substantially due to the cancellation or postponement of various events, making conditions even more challenging alongside the rapid progress of digitization.」
The substantial decline in demand for printing paper caused by event cancellations and postponements associated with the spread of the infection has continued. Revenue for the second quarter decreased 24.6% year on year. - FY2021-Q1MaterialisedAnnual report
「In the domestic paper distribution industry as well, demand for printing paper used for flyers, pamphlets and other materials has declined substantially due to the cancellation or postponement of various events, making conditions even more challenging alongside the rapid progress of digitization.」
Event cancellations and postponements associated with the spread of COVID-19 actually led to a substantial decline in demand for printing paper, and revenue decreased 28.1% year on year. - FY2020First statedAnnual report
「However, if the spread of the infection is prolonged and conditions become more severe than anticipated, the market for paper products is expected to contract further, which could materially affect the financial condition and business performance of the Group.」
The Company stated for the first time that a further contraction in the paper products market caused by the prolonged COVID-19 pandemic and its material impact on financial condition and business performance constituted a separate risk. In its discussion of business performance, the Company stated that domestic shipments were severely affected by the spread of the infection, indicating that the impact had materialized.