Intensifying price competition in the Chinese market
First written in FY2020-Q1. 7 of 9 entries say "Worsened", first in FY2020-Q2. Latest entry: FY2026.
Tomoegawa moved to the "Worse" side of this theme in 2019.
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「We expect the decline to continue at 2–3%. In these circumstances, as an independent toner manufacturer, the Company will continue to pursue market share growth by leveraging its No. 1 positions in sales, development capabilities, quality, raw-material purchasing power and supply stability, and by prevailing in price competition in a steadily shrinking market.」
For the monochrome toner market, the Company indicated its outlook that the market will continue to decline by 2–3% annually, providing greater specificity regarding the risks of market contraction and price competition. - FY2024WorsenedAnnual report
「Revenue declined substantially, particularly for monochrome toner, due in part to the expansion of price competition with overseas competitors.」
Against the backdrop of Chinese manufacturers entering the market and the weak Chinese economy, price competition with overseas competitors expanded and materialized as substantial declines in revenue and profit from monochrome toner. - FY2024-Q3WorsenedAnnual report
「Although the weaker yen increased overseas-related sales in the toner business, orders remained sluggish due in part to the continuing downturn in the Chinese economy, while price competition with overseas competitors expanded, resulting in a substantial decline in revenue, particularly for monochrome toner.」
As the downturn in the Chinese economy continued, price competition with overseas competitors expanded and materialized as a substantial decline in revenue from monochrome toner. - FY2024-Q2WorsenedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, inventory adjustments and price competition in the toner business, which accounts for slightly more than 30% of consolidated revenue, expanded from the end of the previous consolidated fiscal year due to the slowdown in the Chinese economy and other factors, resulting in a substantial decline in revenue.」
Against the backdrop of the slowdown in the Chinese economy, price competition expanded and materialized as a substantial decline in revenue in the toner business. - FY2024-Q1WorsenedAnnual report
「Although the weaker yen increased overseas-related sales, revenue declined due to lower orders caused by inventory adjustments for certain products, primarily for major customers, which had continued since the end of the previous consolidated fiscal year, as well as price competition with competitors during the current consolidated fiscal year.」
Price competition actually emerged in the toner business and, together with lower orders due to inventory adjustments, became a factor behind the decline in sales value and revenue. - FY2020RestatedAnnual report
「In the monochrome toner business, volumes in the global market have begun to decline and have been falling at an annual rate of approximately 3% since peaking around 2011. In addition, the entry of Chinese manufacturers into the market has disrupted the industry-wide supply-demand balance, intensifying price competition.」
The Company characterized the contraction of the toner market and intensifying price competition as continuing, and indicated its aim of expanding market share by leveraging its sales and development capabilities. - FY2020-Q3WorsenedAnnual report
「Sales declined due to the spread of price competition across the market, US-China trade friction, and the yen being stronger against the yen than in the previous fiscal year.」
Price competition has spread across the market, not only in China, and, together with US-China trade friction and the stronger yen, has materialized as a decline in toner sales value. - FY2020-Q2WorsenedAnnual report
「Sales value declined as the impact of the US-China trade conflict and intensifying price competition in the Chinese market spread to other markets, including Europe, and the exchange rate moved toward a stronger yen than in the previous fiscal year.」
The impact of intensifying price competition in the Chinese market has spread to other markets, including Europe, and has materialized as a decline in toner sales value. - FY2020-Q1First statedAnnual report
「Sales declined due to the reaction to unintended orders brought forward in the fourth quarter of the previous fiscal year, intensifying price competition in the Chinese market, and delays in launching new products.」
Intensifying price competition in the Chinese market has emerged as a factor behind the decline in sales value in the toner business.