Decline in Industrial Chemicals Market Share Due to Competitors’ Aggressive Pricing
First written in FY2017-Q2. 8 of 20 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2026: 41 of 85 companies on the "Worse" side.
18 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「Although chemicals for steel companies, including hydrofluoric acid and caustic soda, performed weakly, sales volumes recovered for catalysts for chemical companies, specialty surface-treatment agents for steel companies, and aluminum ingots for building-material applications. In addition, the acquisition of new water-treatment chemical projects and expanded sales of coal-modification chemicals drove revenue above the previous year.」
Although some core products performed weakly, recovery in demand for multiple products, the acquisition of new projects and expanded sales drove Industrial Chemicals revenue above the previous year, partially easing pricing and demand pressures. - FY2024-Q1MitigatedAnnual report
「Industrial Chemicals significantly outperformed the previous year, driven by higher prices for existing products, increased market share and the acquisition of new projects, despite a delay in the recovery of steel demand.」
Even though the recovery in steel demand was delayed, Industrial Chemicals outperformed the previous year due to higher prices for existing products, increased market share and the acquisition of new projects, indicating that the previous risks of price competition and market-share declines have eased. - FY2023MitigatedAnnual report
「Industrial Chemicals significantly outperformed the previous year, supported by rising prices and increased market share resulting from supply-chain strengthening, despite a trend toward declining demand from the second half onward.」
Although a trend toward declining demand is noted, Industrial Chemicals significantly outperformed the previous year as supply-chain strengthening increased market share, indicating that the previous risks of aggressive pricing and market-share declines have eased. - FY2023-Q2RestatedAnnual report
「Industrial Chemicals significantly outperformed the previous year, supported by rising market conditions and increased market share resulting from supply-chain strengthening.」
The disclosure again confirms that rising market conditions and increased market share resulting from supply-chain strengthening continued, with Industrial Chemicals significantly outperforming the previous year. There is no new disclosure concerning competitors' aggressive pricing. - FY2023-Q1MitigatedAnnual report
「Industrial Chemicals significantly outperformed the previous year, supported by improving market conditions, including a recovery in steel demand, and increased market share resulting from supply-chain strengthening.」
The disclosure cites recovering steel demand and increased market share resulting from supply-chain strengthening, indicating that the previous risks of market-share declines caused by weak demand and price competition have eased. - FY2022-Q3RestatedAnnual report
「Although revenue was below the previous year due to lower chemical consumption resulting from reduced specialty steel sheet production and the impact of applying the accounting standard, operating profit exceeded the previous year, supported by recovering demand, particularly from steel companies, and expanded sales of new products.」
While the disclosure cites lower chemical consumption due to reduced specialty steel sheet production and the impact of applying the accounting standard, it also cites recovering demand, particularly from steel companies, and expanded sales of new products. There is no new disclosure concerning aggressive pricing or declining market share. - FY2022-Q2ReframedAnnual report
「Although demand, particularly from steel companies, showed signs of recovery, results were below the previous year because reduced production of specialty steel sheets lowered chemical consumption and because of the impact of applying the Accounting Standard for Revenue Recognition.」
The explanation has shifted from the previous references to weak demand and lower unit prices to demand recovering while lower chemical consumption due to reduced specialty steel sheet production and the application of the revenue recognition accounting standard caused results to fall below the previous year. - FY2022-Q1ReframedAnnual report
「Although demand, particularly from steel companies, showed signs of recovery, results were below the previous year because unit prices for the products handled declined.」
The description of pricing and demand risks has shifted from the previous explanation of weak demand and competitors' aggressive pricing to demand recovering while declining unit prices for the products handled weighed on performance. - FY2021WorsenedAnnual report
「Results were below the previous year because demand in the steel and chemical industries remained sluggish due to the impact of COVID-19, and efforts to pursue new projects were also hindered.」
In the Industrial Chemicals business, demand was sluggish and efforts to pursue new projects were hindered, resulting in revenue of ¥4,366 million, down 13.3% year on year, and operating profit of ¥161 million, down 13.0%. Pressure on demand is quantified in the annual results. - FY2021-Q3WorsenedAnnual report
「Although the Company pursued expanded sales of new products, mainly to steel companies, performance was weak owing to sluggish demand in the steel and chemical industries.」
While the Company pursued expanded sales of new products, the Industrial Chemicals segment performed weakly owing to sluggish demand in the steel and chemical industries. Revenue fell 13.9% year on year and operating profit fell 19.4%. Although competitors' aggressive pricing and market-share declines were not directly mentioned, pressure on demand is reflected in the results. - FY2020-Q2RestatedAnnual report
「Performance was strong, supported by newly acquired bidding projects for government agencies and industrial-waste treatment projects, as well as increased market share for caustic soda, aluminum ingots and polymerization inhibitors for styrene monomer.」
The Industrial Chemicals segment cites increased market share for multiple products and the acquisition of new projects. However, as there is no explicit statement that competitors' aggressive pricing had ended, this is not deemed a clear change in the existing risk. - FY2020-Q1RestatedAnnual report
「Performance was strong, supported by higher caustic soda delivery volumes for the steel market, increased market share for aluminum ingots, the acquisition of industrial-waste treatment projects, and an increase in bidding projects for government agencies.」
In the Industrial Chemicals segment, the disclosure cites higher caustic soda delivery volumes, increased market share for aluminum ingots, the acquisition of industrial-waste treatment projects, and an increase in bidding projects for government agencies. As it does not state that competitors' aggressive pricing had ended, this is treated as a reaffirmation of the existing theme. - FY2019RestatedAnnual report
「Caustic soda, a basic chemical for the steel market, performed well, owing to higher delivery volumes and higher selling prices.」
Cites higher caustic soda delivery volumes and higher selling prices, restating the improvement in pricing and demand conditions since the previous fiscal year. - FY2019-Q3RestatedAnnual report
「Caustic soda, a basic chemical for the steel market, performed well, owing to higher delivery volumes and higher selling prices.」
States that caustic soda performed well, with higher delivery volumes and higher selling prices. This is a continued description of the easing of the pricing and demand pressures identified in the previous fiscal year. - FY2019-Q2RestatedAnnual report
「Caustic soda, a basic chemical for the steel market, performed well, owing to higher delivery volumes and higher selling prices.」
States that caustic soda performed well, with higher delivery volumes and higher selling prices. This is a continued description of the easing of the pricing and demand pressures identified in the previous fiscal year. - FY2018MitigatedAnnual report
「Caustic soda, a basic chemical for the steel market, performed well, owing to higher delivery volumes and higher selling prices.」
Unlike the previous quarter's references to lower selling prices and weak demand, the annual results for the Industrial Chemicals segment cite higher caustic soda delivery volumes and higher selling prices, and the segment as a whole recorded higher revenue and operating profit. However, the disclosure does not state that competitors' aggressive pricing had ended or that this was the same product. - FY2018-Q1WorsenedAnnual report
「In addition to weak demand for specialty chemicals for high-grade steel sheets, lower selling prices also weighed on performance, and the segment as a whole performed weakly.」
In the Industrial Chemicals business, selling prices declined in addition to weak demand, explicitly indicating pressure from both pricing and demand in the quarter's results. - FY2017ReframedAnnual report
「Under these circumstances, the segment as a whole performed weakly, affected by declines in market prices for caustic soda, metals and other products, as well as market-share losses resulting from customers in the environmental sector purchasing from multiple suppliers.」
The focus has shifted from the previous description of competitors' aggressive pricing to declining market prices and market-share losses resulting from customers in the environmental sector purchasing from multiple suppliers. - FY2017-Q3RestatedAnnual report
「The market share of heavy-metal immobilizing agents for environmental applications declined due to competitors' aggressive pricing.」
Restates, in the same terms as the previous quarter, the decline in market share for heavy-metal immobilizing agents for environmental applications due to competitors' aggressive pricing. - FY2017-Q2First statedAnnual report
「The market share of heavy-metal immobilizing agents for environmental applications declined due to competitors' aggressive pricing.」
First appearance. States that the market share of heavy-metal immobilizing agents for environmental applications actually declined due to competitors' aggressive pricing in the Industrial Chemicals segment.