Profit Pressure from Order and Pricing Competition
First written in FY2017-Q1. 19 of 27 entries say "Restated". Latest entry: FY2027-H1.
Ray moved to the "Worse" side of this theme in 2026.
0 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「In the TV commercial (TVCM) segment, orders weakened and production costs increased, resulting in sluggish performance.」
Orders in the TV commercial division weakened, while higher production costs further contributed to sluggish performance, making pressure on profits from orders and price competition more apparent. - FY2026WorsenedAnnual report
「Demand for live events, including concerts, exhibitions and companies' private shows, has steadily increased, and the number of events held is recovering. However, client companies' budgets have not yet returned to their previous levels. Although the number of promotional projects and other engagements is increasing, the unit price per project is struggling to grow. We believe that a major challenge is how to meet client expectations while securing our own profits within limited budgets.」
It was expressly stated that although the number of live-event projects and events held is recovering, client budgets and the unit price per project are struggling to grow, making it a challenge to secure profits. The pressure on profits from orders and price competition has taken concrete form in sluggish growth in unit prices and budgets. - 2026-05-01RaisedGeneral Meetings of Shareholders
「As inflation progresses, rising labor and outsourcing costs and increases in various expenses are putting pressure on our earnings. Even when net sales perform steadily, these cost increases tend to weigh on operating income, so we will also pursue more rigorous cost management and greater operational efficiency by leveraging internal resources, including synergies between the production and equipment rental divisions.」
In addition to the profit pressure from order-taking and price competition seen previously, the disclosure explicitly identifies higher labor costs, outsourcing costs, and other expenses, specifying the factors contributing to profit pressure. - FY2026-H1RestatedAnnual report
「In the post-production division, orders softened somewhat during the second quarter of the consolidated fiscal period, but overall performance for the first half was firm.」
Although orders in the post-production division softened somewhat in the second quarter, performance for the first half as a whole was considered firm. There is no explicit statement that the impact of price competition has been resolved. - FY2026-H1RestatedAnnual report
「In the post-production division, orders softened somewhat during the second quarter of the consolidated fiscal period, but overall performance for the first half was firm.」
Although orders in the post-production division softened somewhat in the second quarter, performance for the first half as a whole was considered firm. There is no explicit statement that the pressure on profits from order and price competition has been resolved. - FY2025RestatedAnnual report
「During periods of economic stagnation, spending on sales promotions and exhibitions, the primary targets of the advertising solutions business, may first be reduced, along with television commercial production costs. This results in lower order values and intensifying price competition.」
The company continues to identify as a key risk the pressure on profits arising when reductions in advertising and promotional spending lead to lower order values and intensifying price competition. - FY2024RestatedAnnual report
「Because our group's principal customers are companies conducting advertising and promotional activities, we may be affected by reductions in advertising and promotional spending resulting from economic stagnation. During periods of economic stagnation, spending on sales promotions and exhibitions, the primary targets of the advertising solutions business, may first be reduced, along with television commercial production costs. This results in lower order values and intensifying price competition.」
The company continues to identify as a risk the pressure on profits arising from reductions in advertising spending, lower order values and intensifying price competition during periods of economic stagnation. - FY2024-Q3RestatedAnnual report
「There has been no change in the post-production division's slightly sluggish performance. In the video equipment rental division, however, utilization of large video equipment and other assets remained firm, mainly for concerts, exhibitions and events, and performance was strong.」
While the post-production division remains sluggish, utilization of large video equipment in the video equipment rental division has remained firm, resulting in divergent conditions between the divisions. There is no explicit statement that the pressure on profits from order and price competition has been resolved. - FY2023RestatedAnnual report
「In the TV commercial division, companies have taken a cautious approach to advertising spending, and performance was sluggish due in part to the continued severe order environment.」
It is stated that the severe order environment and sluggish performance in the TV commercial division continued throughout the fiscal year against a backdrop of companies taking a cautious approach to advertising spending. - FY2023-Q3RestatedAnnual report
「In both the SP (sales promotion) and events division and the TV commercial division, performance during the third quarter of the consolidated fiscal period remained sluggish due in part to the economic and market environment described above, while recent performance has struggled to grow.」
It is stated that recent performance in the SP and events division and the TV commercial division has remained sluggish and struggled to grow against a backdrop of the economic and market environment and companies' cautious approach to advertising spending. - FY2023-Q2RestatedAnnual report
「In the TV commercial division, a cautious approach to advertising spending has begun to emerge among companies. As a result, the severe order environment has continued and performance remained sluggish.」
It is stated that the severe order environment and sluggish performance in the TV commercial division have continued against a backdrop of companies taking a cautious approach to advertising spending. - FY2023-Q1WorsenedAnnual report
「In the TV commercial division, the competitive environment for orders has become increasingly severe, and although performance fell slightly short of the previous year's level,」
It was expressly stated that competition for orders in the TV commercial division had become more intense, resulting in performance slightly below the previous fiscal year's level. - FY2022RestatedAnnual report
「The company may be affected by reductions in advertising and promotional spending resulting from economic stagnation. During periods of economic stagnation, spending on sales promotions and exhibitions, the primary targets of the advertising solutions business, may first be reduced, along with television commercial production costs. This results in lower order values and intensifying price competition.」
The company continues to identify as a risk the pressure on profits arising from reductions in advertising spending, lower order values and intensifying price competition during periods of economic stagnation. - FY2021RestatedAnnual report
「During periods of economic stagnation, spending on sales promotions and exhibitions, the primary targets of the advertising solutions business, may first be reduced, along with television commercial production costs. This results in lower order values and intensifying price competition.」
The company continues to identify as a risk the pressure on profits arising from lower order values and intensifying price competition during periods of economic stagnation. - FY2020WorsenedAnnual report
「Competition in the TVCM (television commercial) division's order environment has intensified. Although the company has continued measures such as thorough cost control, performance did not reach the level of the previous consolidated fiscal year.」
It was stated that competition for orders in the TV commercial division had become more intense than before, and performance failed to exceed the previous fiscal year's level despite continued cost control. - FY2020-Q3RestatedAnnual report
「The post-production division also secured stable orders, primarily for editing work for TV commercials and television programs.」
The company states that stable orders continued in the post-production division. It does not explicitly state that pressure on order unit prices from order intake and price competition has been resolved. - FY2019-Q3RestatedAnnual report
「The post-production division posted strong performance because its editing studios continued to operate steadily and it continued efforts to improve the order environment.」
The company states that the editing studios operated steadily and that it continued efforts to improve the order environment, resulting in strong performance. It provides no new figures or explicit statement indicating that order intake and price competition have been resolved. - FY2019-Q2RestatedAnnual report
「The post-production division's editing studios continued to operate steadily, as they had in the cumulative first quarter. The division also worked to improve the order environment, and, as with the TVCM division, the shift from delivery of printed materials to delivery by streaming had not had a significant impact at present, allowing performance to remain strong.」
The company reports efforts to improve the order environment and strong performance. However, it does not provide new figures or explicitly state that order intake and price competition have been resolved. - FY2018RestatedAnnual report
「The post-production division's editing studios operated steadily, but improvement in order unit prices remained difficult due to the impact of order intake and price competition. Performance remained unchanged from the same period of the previous year and continued to be steady.」
Although the editing studios and performance remained steady, the difficulty of improving order unit prices due to order intake and price competition continued. - FY2018-Q3RestatedAnnual report
「The post-production division's editing studios operated steadily, but improvement in order unit prices remained difficult due to the impact of order intake and price competition. Performance remained unchanged from the same period of the previous year and continued to be steady.」
Although the editing studios and performance remained steady, improvement in order unit prices remained difficult due to order intake and price competition. - FY2018-Q2RestatedAnnual report
「The post-production division's editing studios operated steadily, but improvement in order unit prices remained difficult due to the impact of order intake and price competition. Performance was unchanged from the same period of the previous year and remained steady.」
Although the editing studios operated steadily, improvement in order unit prices remained difficult due to the impact of order intake and price competition. - FY2017RestatedAnnual report
「Although the editing studios operated steadily, the post-production division continued to be affected by order intake and price competition, and order unit prices did not improve. Despite expanding its editing studio facilities and taking other measures, the division posted weak performance.」
The company reconfirms that, although the editing studios operated steadily, order intake and price competition continued and improvement in order unit prices stalled. - FY2017-Q3RestatedAnnual report
「The video equipment rental division generated revenue from large concert and stage projects as a result of its proactive capital investment, but equipment-related costs from that investment increased. The post-production division remained affected by order intake and price competition,」
The company reconfirms that the post-production division continued to be affected by order intake and price competition. - FY2017-Q2RestatedAnnual report
「Although the editing studios operated steadily, the division continued to be affected by order intake and price competition, and order unit prices did not improve, resulting in weak performance in both divisions.」
The company explicitly states that the effects of order intake and price competition continued and that order unit prices had not improved. - FY2017-Q1First statedAnnual report
「Although the post-production division continued to be affected by order intake and price competition, it posted results in line with the previous year, supported by stable orders and other factors.」
The company states that the post-production division continued to be affected by order intake and price competition, while price competition also affected profit in the TVCM division.