Intensifying competition in automotive-related chemical products
First written in FY2019-Q1. 4 of 8 entries say "Worsened", first in FY2020-Q2. Latest entry: FY2022-Q3.
Rasa moved to the "Worse" side of this theme in 2018, 6 years before the typical company in this theme (2024).
The whole theme swung hardest in 2025: 4 of 6 companies on the "Worse" side.
6 other companies' latest entry also says "Worsened".
- FY2022-Q3WorsenedAnnual report
「In the chemicals-related business, although the recovery in demand in the automotive sector slowed due to the impact of COVID-19, demand remained firm in the wire and cable, construction materials and lubricants sectors. As a result, sales in the related segment amounted to ¥4,731 million, an increase of ¥1,181 million, or 33.3%, from the same quarter of the previous year.」
The report stated that the previously anticipated recovery in demand for automotive-related products had slowed, indicating that demand risks from the COVID-19 pandemic remained. - FY2020WorsenedAnnual report
「Competition for automotive-related products remained severe, while demand for synthetic resins for the wire and cable industry fell sharply.」
Competition for automotive-related products remained intense, increasing the impact on performance through lower full-year chemicals-related sales and profit. - FY2020-Q3WorsenedAnnual report
「In the chemicals business, severe competition for automotive-related materials continued, while demand for synthetic resins for the electric wire industry remained sharply depressed. Revenue from the related division declined to ¥4,483 million, down ¥607 million, or 11.9%, year on year. Lower revenue resulted in segment profit declining by ¥23 million, or 19.6%, to ¥97 million.」
Competition for automotive-related materials remained severe, with chemicals-related sales down 11.9% and segment profit down 19.6%, increasing the impact on performance. - FY2020-Q2WorsenedAnnual report
「In the chemicals business, severe competition for automotive-related products continued, while demand for synthetic resins for the electric wire industry fell sharply. Revenue from the related division declined to ¥2,963 million, down ¥329 million, or 10.0%, year on year. Lower revenue resulted in segment profit declining by ¥12 million, or 16.7%, to ¥60 million.」
Competition for automotive-related products remained intense, with chemicals-related sales down 10.0% and segment profit down 16.7%, increasing the impact on performance. - FY2020-Q1MaterialisedAnnual report
「In the chemicals business, severe competition for automotive-related products continued, while demand for synthetic resins for the electric wire industry was also weakening. Revenue from the related division declined to ¥1,483 million, down ¥160 million, or 9.7%, year on year. Lower revenue resulted in segment profit declining by ¥5 million, or 15.6%, to ¥29 million.」
Intense competition in automotive-related products continued, with revenue in the formulated chemicals business down 9.7% and segment profit down 15.6%. - FY2019-Q3MaterialisedAnnual report
「In the chemicals business, competition remained severe for automotive-related products, but sales of synthetic resins to the electric wire industry continued to be solid. Revenue from the related division rose to ¥5,090 million, up ¥9 million, or 0.2%, year on year. Despite efforts to improve sales efficiency, segment profit declined by ¥7 million, or 5.9%, to ¥121 million.」
Continued intense competition in automotive-related products affected performance, with segment profit in the formulated chemicals business down 5.9%. - FY2019-Q2MaterialisedAnnual report
「In the chemicals business, sales of synthetic resins to the electric wire industry remained solid, but severe competition continued for automotive-related products. Revenue from the related division therefore declined to ¥3,292 million, down ¥2 million, or 0.1%, year on year. Despite efforts to improve sales efficiency, segment profit declined by ¥1 million, or 2.0%, to ¥72 million.」
Competition in automotive-related products remained intense, with revenue in the formulated chemicals business down 0.1% and segment profit down 2.0%, indicating a continued impact. - FY2019-Q1First statedAnnual report
「Due to intensifying competition in automotive-related products, revenue in the related division was ¥1.643 billion, down ¥39 million, or 2.4%, from the same quarter of the previous year. Although the division pursued more efficient sales activities, segment profit was ¥34 million, down ¥1 million, or 3.6%, from the same quarter of the previous year.」
Intensifying competition in automotive-related products affected actual performance, with revenue in the formulated chemicals business down 2.4% and segment profit down 3.6%.