Downside to business performance from economic slowdowns in Asia and Africa and declining automobile production
First written in FY2017-Q1. 14 of 35 entries say "Mitigated", first in FY2019-Q2. Latest entry: FY2026.
Kansai Paint moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
The whole theme swung hardest in 2019: 15 of 33 companies on the "Worse" side.
6 other companies' latest entry also says "Other".
- FY2026Asia: lower revenue; Africa: higher revenue and profitAnnual report
「Meanwhile, revenue for Asia as a whole fell below the previous period’s level due to the impact of lower vehicle production in Thailand, Malaysia and Indonesia. In South Africa and neighboring countries, revenue exceeded the previous period’s level despite continued political instability, partly due to the contribution from acquiring new customers in the construction sector.」
Asia continued to post lower revenue due to lower vehicle production, while Africa posted higher revenue and profit through new customer acquisitions and business expansion. - FY2026-H1Asia: lower revenue; Africa: higher revenue and profitAnnual report
「Meanwhile, revenue for Asia as a whole fell below the previous year’s level due to the impact of lower vehicle production in Thailand and Malaysia. In South Africa and neighboring countries, revenue exceeded the previous year’s level despite continued chronic power shortages and political instability, partly due to the contribution from acquiring new customers since the previous year.」
Asia posted lower revenue due to lower vehicle production in Thailand and Malaysia, while Africa posted higher revenue and profit through the acquisition of new customers and business expansion in East Africa. - FY2025Asia: lower revenue; Africa: higher revenue and profitAnnual report
「In Thailand and Indonesia, revenue fell below the previous year’s level due to lower vehicle production. In Malaysia, revenue exceeded the previous year’s level as vehicle production remained firm, sales volumes increased, and efforts were made to improve selling prices. In South Africa and neighboring countries, consumption remained sluggish amid chronic power shortages and inflationary pressure, but revenue exceeded the previous year’s level as the company worked to promote sales.」
Asia posted lower revenue and profit due to lower vehicle production, while Africa posted higher revenue and profit through sales promotion, price improvements and cost reductions. - FY2025-H1Asia: lower revenue; Africa: higher revenue and profitAnnual report
「In Thailand and Indonesia, revenue fell below the previous year’s level due to lower vehicle production. In Malaysia, revenue exceeded the previous year’s level as vehicle production remained firm, sales volumes increased, and efforts were made to improve selling prices. In South Africa and neighboring countries, consumption remained sluggish amid chronic power shortages and inflationary pressure, but revenue exceeded the previous year’s level as the company worked to promote sales.」
Asia posted a 4.1% decline in revenue due to lower vehicle production, while Africa posted a 14.2% increase in revenue and an 11.7% increase in profit through sales promotion, an improved product mix and cost reductions despite continued weak demand. - FY2024MitigatedAnnual report
「In Thailand, Malaysia and Indonesia, revenue exceeded the previous year’s level owing to the recovery in automobile production and efforts to improve selling prices.」
In Asia, revenue and profit increased owing to the recovery in automobile production in several countries and price improvements. Africa also posted higher revenue and profit. Weak demand caused by power shortages and high prices in South Africa remained. - FY2024-Q3MitigatedAnnual report
「In Thailand, Malaysia and Indonesia, revenue exceeded the previous year’s level owing to the recovery in automobile production and efforts to improve selling prices. Profit also exceeded the previous year’s level as some raw material prices declined and equity in earnings of affiliates increased.」
In Asia, revenue increased owing to the recovery in automobile production in several countries and improved selling prices. Profit also improved owing to declines in some raw material prices and an increase in equity in earnings of affiliates. Africa also posted higher revenue and profit. - FY2024-Q2MitigatedAnnual report
「In Thailand, Malaysia and Indonesia, revenue exceeded the previous year’s level owing to the recovery in automobile production and efforts to improve selling prices. Profit also exceeded the previous year’s level as some raw material prices declined and equity in earnings of affiliates improved.」
In Asia, revenue and profit increased owing to the recovery in automobile production in several countries, mitigating the downside from weak economic conditions and declining automobile production. In South Africa, however, weak demand caused by power shortages and high prices remained. - FY2024-Q1MitigatedAnnual report
「In China, automobile production remained weak, but revenue exceeded the previous year’s level owing to the recovery in automobile production in Thailand, Malaysia and Indonesia and improved selling prices. Economic recovery in South Africa and neighboring countries remained slow owing to chronic power shortages, high prices and other factors, and demand remained weak. We pursued initiatives including selling-price improvements, and revenue was largely unchanged from the previous year. In East Africa, conditions remained solid, and revenue increased through expanded sales in the construction sector and initiatives to improve selling prices and product mix, among other factors, resulting in higher total revenue in Africa than in the previous year.」
In Asia, segment revenue exceeded the previous year’s level owing to the recovery in automobile production in several countries. In Africa, revenue increased through the capture of construction demand and price improvements in East Africa. Power shortages, high prices and weak demand in South Africa remained. - FY2023MitigatedAnnual report
「In Indonesia, Thailand and Malaysia, revenue exceeded the previous year’s level following the recovery in automobile production.」
In Asia, revenue increased owing to the recovery in automobile production in several countries. Africa also posted higher revenue and profit owing to improved selling prices, the restructuring of unprofitable businesses and fixed-cost reductions. The downside from weak economic conditions and declining automobile production eased from the previous period. - FY2023-Q3MitigatedAnnual report
「In Indonesia, Thailand and Malaysia, revenue exceeded the previous year’s level following the recovery in automobile production.」
Revenue continued to increase in several Asian countries owing to the recovery in automobile production. Africa also posted higher revenue, although delays in demand recovery remained in South Africa and elsewhere. - FY2023-Q2MitigatedAnnual report
「In Indonesia, Thailand and Malaysia, revenue exceeded the previous year’s level following the recovery in automobile production. Profit fell below the previous year’s level owing to the impact of higher raw material prices and a decrease in equity in earnings of affiliates, among other factors.」
In Asia, revenue increased owing to the recovery in automobile production in Indonesia, Thailand and Malaysia, while Africa also posted higher revenue and profit. Although the downside from weak economic conditions and declining automobile production eased, pressure on profit from higher raw material prices and other factors remained. - FY2023-Q1MitigatedAnnual report
「Although economic recovery in South Africa and neighboring countries remained slow and demand was weak, revenue in the South African region increased as a result of efforts to improve selling prices. In East Africa, revenue increased by capturing solid demand in the construction sector, and total revenue in Africa exceeded the previous year’s level.」
Although demand recovery in South Africa remained slow, revenue in Africa increased overall owing to improved selling prices and the capture of construction demand in East Africa. In Asia, revenue in Indonesia, Thailand and Malaysia also increased following the recovery in automobile production, while the decline in China remained. - FY2022-Q3MitigatedAnnual report
「In Indonesia and Thailand, revenue exceeded the previous year’s level following the recovery in automobile production. Profit increased owing to higher revenue and an increase in equity in earnings of affiliates in China, among other factors. As a result, segment revenue was ¥4,143.1 million, up 19.7% year on year, and ordinary profit was ¥596.2 million, up 115.0% year on year.」
In Asia, revenue increased and profit rose sharply owing to the recovery in automobile production, mitigating downside risks from weak economic conditions and declining automobile production. - FY2022-Q2MitigatedAnnual report
「In Indonesia, Thailand and Malaysia, revenue exceeded the previous year’s level following the recovery in automobile production. Profit increased significantly owing to higher revenue and an increase in equity in earnings of affiliates in China, among other factors.」
In Asia, revenue increased 32.1% year on year and ordinary profit increased 479.0% owing to the recovery in automobile production. In Africa, revenue increased 39.1% and ordinary profit was ¥514 million, supported by the capture of construction demand and fixed-cost reductions, among other factors, mitigating the downside from weak economic conditions and demand. - FY2022-Q1MitigatedAnnual report
「In China, sales in the automotive sector exceeded the previous year following the recovery in automobile production. In the industrial sector, coatings for industrial machinery remained firm, and sales exceeded the previous year. As a result, sales in China overall exceeded the previous year.」
In Asia, revenue in China, Thailand and Malaysia exceeded the previous year’s level, resulting in higher revenue and profit for the Asia segment. Africa also posted higher revenue by capturing construction demand, recorded ordinary profit of ¥262 million, and improved from the ordinary loss in the same period of the previous year. - FY2021Revenue decline continues; Africa loss narrowsAnnual report
「In Indonesia, Thailand and Malaysia, automobile production declined owing to the spread of COVID-19. Although signs of a recovery emerged in the second half of the year, revenue remained below the previous year’s level.」
Revenue in Asia fell 17.7% and ordinary profit fell 15.0%. Revenue in Africa also fell 21.9%, but the ordinary loss narrowed from ¥296.7 million in the previous period to ¥85.8 million. - FY2021-Q3WorsenedAnnual report
「As a result, segment revenue was ¥3,462.7 million, down 22.6% year on year, and ordinary profit was ¥277.2 million, down 32.5% year on year. Amid sluggish economic conditions in South Africa and neighboring countries, the economic stagnation caused by lockdowns implemented in response to the spread of COVID-19 added to the pressure, and revenue fell well below the previous year’s level.」
In Asia, revenue fell 22.6% year on year owing to sluggish automobile production and demand. In Africa, revenue fell 27.1% owing to economic stagnation and lockdowns. The impact of downside risks from weak demand continued to be felt. - FY2021-Q2WorsenedAnnual report
「In Indonesia, Thailand and Malaysia, automobile production fell below the previous year’s level owing to the spread of COVID-19, and revenue declined. Amid sluggish economic conditions in South Africa and neighboring countries, the economic stagnation caused by lockdowns implemented in response to the spread of COVID-19 added to the pressure, and revenue fell well below the previous year’s level.」
In Asia, automobile production and revenue declined in several countries. In Africa, sluggish economic conditions and lockdowns resulted in lower revenue and an ordinary loss, increasing the risk of a downturn in performance. - FY2021-Q1Asia revenue decline continues; Africa loss narrowsAnnual report
「In China, automobile production fell below the previous year’s level, and automotive revenue also fell below the previous year’s level. In the industrial sector, revenue from paints for construction machinery fell below the previous year’s level as demand from major customers declined. As a result, total revenue in China fell below the previous year’s level. In Indonesia, automobile production exceeded the previous year’s level, but automotive revenue fell below the previous year’s level owing to intensifying price competition and other factors. In Thailand, automobile production also fell below the previous year’s level, and revenue declined accordingly. Amid sluggish economic conditions in South Africa and neighboring countries, we continued efforts to promote sales activities. Although raw material prices declined, earnings were significantly pressured by continued currency depreciation and intensifying price competition, among other factors.」
In Asia, sluggish automobile production and demand continued, particularly in China, Indonesia and Thailand, and segment revenue fell 16.0% year on year. In Africa, although earnings remained pressured, the ordinary loss narrowed to ¥47 million. - FY2020Full-year revenue decline; losses in Africa continueAnnual report
「Amid sluggish economic conditions in South Africa and neighboring countries, we continued efforts to promote sales activities. Although raw material prices declined, earnings improved from the previous fiscal year but remained significantly pressured by continued currency depreciation and intensifying price competition, among other factors.」
Weak demand in Asia and Africa and declining automobile production continued throughout the year. Revenue in Africa fell 9.4% from the previous period, resulting in an ordinary loss of ¥296.7 million. However, the loss narrowed from the previous period. - FY2020-Q3WorsenedAnnual report
「Amid sluggish economic conditions in South Africa and neighboring countries, we continued efforts to promote sales activities. Although raw material prices declined, earnings were significantly pressured by continued currency depreciation and intensifying price competition, among other factors. As a result, segment revenue was ¥2,668.1 million, down 10.3% year on year, while ordinary income, including goodwill amortization, was an ordinary loss of ¥195.2 million (year-on-year percentage: -%).」
In Africa, revenue declines and ordinary losses continued, as did pressure on earnings from currency depreciation and price competition. In Asia, revenue fell 6.9% year on year and ordinary profit fell 16.0% owing to declining automobile production in China, Indonesia and Thailand. - FY2020-Q2WorsenedAnnual report
「As a result, segment revenue was ¥2,958.7 million, down 6.3% year on year. Although raw material prices and selling, general and administrative expenses declined, ordinary profit fell 28.6% year on year to ¥242 million owing to a decrease in equity in earnings of affiliates in China, among other factors. Amid sluggish economic conditions in South Africa and neighboring countries, we continued efforts to promote sales activities. Although raw material prices declined, earnings were significantly pressured by continued currency depreciation and intensifying price competition, among other factors. As a result, segment revenue was ¥1,712.7 million, down 12.6% year on year, while ordinary income, including goodwill amortization, was an ordinary loss of ¥169.6 million (year-on-year percentage: -%).」
In Asia, revenue fell 6.3% year on year and ordinary profit fell 28.6%. In Africa, revenue fell 12.6% and the ordinary loss was ¥169.6 million. Earnings in Africa remained pressured by currency depreciation and price competition. - FY2020-Q1Revenue Decline and Narrower LossesAnnual report
「Although raw material prices declined, earnings were significantly pressured by continued currency depreciation and intensifying price competition, among other factors. As a result, segment revenue was ¥852.9 million, down 14.1% year on year, while ordinary income, including goodwill amortization, was an ordinary loss of ¥90.3 million (year-on-year percentage: -%).」
Revenue in Africa fell 14.1% year on year, while the ordinary loss narrowed from ¥117.3 million in the same period of the previous year to ¥90.3 million. Earnings remained pressured by currency depreciation and price competition. - FY2019MitigatedAnnual report
「Although earnings improved from the previous fiscal year, they remained significantly pressured by higher raw material prices resulting from continued currency depreciation and intensifying price competition, among other factors.」
Africa’s revenue increased 12.3% from the previous period with contributions from companies in East Africa, and the ordinary loss improved from ¥496.5 million in the previous period to ¥404.3 million, although losses continued. - FY2019-Q3MitigatedAnnual report
「Amid sluggish economic conditions in South Africa and neighboring countries, we continued efforts to promote sales activities. In addition, the performance of companies in East Africa that became consolidated subsidiaries in August 2017 contributed to revenue exceeding the previous year’s level. However, although earnings improved from the same period of the previous year, they remained significantly pressured by higher raw material prices resulting from continued currency depreciation and intensifying price competition, among other factors.」
Revenue in Africa increased 23.7% year on year with contributions from companies in East Africa, and earnings improved from the same period of the previous year. However, the ordinary loss of ¥290 million continued owing to currency depreciation, higher raw material prices and price competition. - FY2019-Q2MitigatedAnnual report
「Although earnings improved from the same period of the previous year, they remained significantly pressured by higher raw material prices resulting from continued currency depreciation and intensifying price competition, among other factors. As a result, segment revenue was ¥1,959.7 million, up 35.8% year on year, while ordinary income, including goodwill amortization, was an ordinary loss of ¥219.2 million (year-on-year percentage: -%).」
Revenue in Africa increased with contributions from companies in East Africa, and earnings improved from the same period of the previous year, while the ordinary loss continued owing to currency depreciation, higher raw material prices and price competition. - FY2019-Q1RestatedAnnual report
「Amid sluggish economic conditions in South Africa and neighboring countries, we continued efforts to promote sales activities. In addition, the performance of companies in East Africa that became consolidated subsidiaries in August 2017 contributed to revenue exceeding the previous year’s level. However, earnings were significantly pressured by higher raw material prices resulting from continued currency depreciation and intensifying price competition, among other factors, and performance was largely unchanged from the previous year. As a result, segment revenue was ¥992.4 million, up 39.9% year on year, while ordinary income, including goodwill amortization, was an ordinary loss of ¥117.3 million (year-on-year percentage: -%).」
Revenue increased 39.9% year on year following the consolidation of companies in East Africa, while the ordinary loss of ¥117.3 million continued owing to currency depreciation, higher raw material prices and price competition. - FY2018WorsenedAnnual report
「Amid sluggish economic conditions in South Africa and neighboring countries, we continued efforts to promote sales activities. In addition, the performance of companies in East Africa that became consolidated subsidiaries in August 2017 contributed to revenue exceeding the previous period’s level. However, earnings were significantly pressured by higher raw material prices resulting from currency depreciation, intensifying price competition and the recognition of costs related to the acquisition of shares, among other factors, and performance fell below the previous period’s level. As a result, segment revenue was ¥3,513.2 million, up 25.4% from the previous period, while ordinary income, including goodwill amortization, was an ordinary loss of ¥496.5 million.」
Revenue increased following the acquisition of companies in East Africa, while Africa’s full-year ordinary loss was ¥496.5 million owing to currency depreciation, higher raw material prices, price competition, costs related to the acquisition and other factors. - FY2018-Q3WorsenedAnnual report
「Amid sluggish economic conditions in South Africa and neighboring countries, we continued efforts to promote sales activities. In addition, the performance of companies in East Africa that became consolidated subsidiaries in August 2017 contributed to revenue exceeding the previous year’s level. However, earnings were significantly pressured by higher raw material prices resulting from currency depreciation, intensifying price competition and the recognition of costs related to the acquisition of shares, among other factors, and performance fell below the previous year’s level. As a result, segment revenue was ¥2,404.5 million, up 18.8% year on year, while ordinary income, including goodwill amortization, was an ordinary loss of ¥400 million (year-on-year percentage: -%).」
Revenue increased following the consolidation of companies in East Africa, while the Africa segment recorded an ordinary loss of ¥400 million owing to currency depreciation, price competition, costs related to the acquisition of shares and other factors. - FY2018-Q2RestatedAnnual report
「In Thailand, performance fell below the previous year’s level as continued weakness in demand for exports led to a decline in automobile production.」
In Asia, sluggish demand and automobile production in Thailand continued, while Africa also recorded an ordinary loss, indicating that economic and demand risks continued to materialize. - FY2018-Q1RestatedAnnual report
「In Thailand, automobile production declined as demand for exports weakened, and performance fell below the previous year’s level.」
In Asia, sluggish demand and automobile production in Thailand continued, and the Asia segment’s ordinary profit fell 26.7% year on year. Africa also recorded an ordinary loss of ¥117.3 million, indicating that risks continued to materialize. - FY2017WorsenedAnnual report
「In Asia, automobile production recovered in China and signs of an economic recovery were seen in Indonesia. However, demand for paints across Asia did not achieve a full-scale recovery because automobile production remained sluggish in Thailand and Malaysia, and performance remained weak. In Africa, performance fell well below the previous year’s level owing to sluggish economic conditions in South Africa and neighboring countries, higher raw material prices resulting from currency depreciation, and one-time expenses.」
Weak demand continued in Asia, while Africa’s performance fell well below the previous year’s level, resulting in an ordinary loss of ¥373.2 million. - FY2017-Q3WorsenedAnnual report
「In Asia, automobile production recovered in China and signs of an economic recovery were seen in Indonesia, but demand for paints across Asia did not achieve a full-scale recovery, and performance remained weak. In Africa, performance fell below the previous year’s level owing to sluggish economic conditions in South Africa and neighboring countries, higher raw material prices resulting from currency depreciation, and other factors. As a result, segment revenue was ¥4,171 million, down 2.1% year on year, and ordinary profit was ¥494 million, down 14.1% year on year. Africa recorded an ordinary loss of ¥256.6 million.」
Weak demand continued in Asia, while Africa recorded a 15.8% decline in revenue and an ordinary loss of ¥256.6 million, indicating that the effects of sluggish economic conditions and demand continued. - FY2017-Q2MaterialisedAnnual report
「In Asia, automobile production showed signs of recovery in China, while economic conditions showed signs of improvement in Thailand and Indonesia. However, demand for paints did not achieve a full-scale recovery, and performance remained weak. In Africa, performance fell below the previous year’s level owing to sluggish economic conditions in South Africa and neighboring countries, higher raw material prices resulting from currency depreciation, and other factors.」
Revenue fell 8.4% year on year in Asia and 23.9% in Africa, with the risks from sluggish economic conditions and demand continuing to affect performance. - FY2017-Q1First statedAnnual report
「In Asia, performance remained weak owing to the slowdown in economic growth and declining automobile production. In Africa, performance fell below the previous year’s level owing to sluggish economic conditions in South Africa and neighboring countries.」
Revenue fell 9.7% year on year in Asia and 27.4% in Africa, reflecting demand and economic risks in quarterly performance.