Structural Contraction of the Domestic Market
First written in FY2018. 4 of 9 entries say "Materialised", first in FY2019-Q1. Latest entry: 2026-05-12.
Shinto Paint moved to the "Worse" side of this theme in 2018, 2 years after the typical company in this theme (2016).
1 other company's latest entry also says "Restated".
- 2026-05-12RestatedEarnings
「今後の見通しにつきましては、地政学リスクの一層の高まりによる原材料価格の高騰や調達の不安定化、日本国内における人口減少に伴う塗料需要の伸び悩み、さらには人手不足や人件費の上昇など、事業を取り巻く課題は一段と厳しさを増しております。」
人口減少に伴う国内塗料需要の伸び悩みが、今後の課題として継続して記載された。 - FY2025RestatedAnnual report
「The challenges surrounding us, including sluggish growth in demand for coatings due to Japan's declining population, labour shortages and rising labour costs, are becoming increasingly severe.」
Sluggish growth in demand for coatings due to Japan's declining population continues to be a medium- to long-term business environment issue. - FY2022RestatedAnnual report
「Our group expects a challenging market environment, including the structural contraction of the domestic market, which is currently our main operating region, the global spread of protectionist tendencies and concerns over rising raw material prices.」
The structural contraction of the domestic market continues to be a medium- to long-term business environment issue, alongside protectionism, raw material prices and the cost of replacing ageing facilities. - FY2020RestatedAnnual report
「While our group expects a challenging market environment, including the structural contraction of the domestic market, which is currently our main operating region, the global spread of protectionist tendencies and concerns over rising raw material prices, we also recognise that increases in expenses, including investment to replace ageing facilities, cannot be avoided, making it difficult to expand net sales and profits.」
The structural contraction of the domestic market continues to be a medium- to long-term business environment issue, alongside protectionism, raw material prices and the cost of replacing ageing facilities. - FY2019MaterialisedAnnual report
「In aluminium electrodeposition coatings, the exterior products business showed signs of recovery in the second half due to reconstruction demand following the torrential rains in western Japan and other events, but revenue declined because shipments to major customers were sluggish as a result of weak domestic construction starts for detached houses in the first half.」
The sluggish start of detached-home construction in Japan has appeared during the fiscal year as weak shipments to major users and declining net sales. - FY2019-Q3MaterialisedAnnual report
「In aluminium electrodeposition coatings, the exterior products business showed signs of recovery in the second half due to reconstruction demand following the torrential rains in western Japan and other events, but revenue declined because shipments to major customers were sluggish as a result of weak domestic construction starts for detached houses in the first half.」
The sluggish start of detached-home construction in Japan has appeared as weak shipments to major users and declining net sales, making the effects of weak domestic demand more concrete. - FY2019-Q2MaterialisedAnnual report
「In aluminium electrodeposition coatings, exports showed signs of recovery, but shipments to major customers remained sluggish because of weak domestic construction starts for detached houses, continuing from the previous year, resulting in lower revenue.」
The sluggish start of detached-home construction in Japan has appeared as weak shipments to major users and declining sales of aluminium electrodeposition coatings, making the effects of weak domestic demand more concrete. - FY2019-Q1MaterialisedAnnual report
「In aluminium electrodeposition coatings, revenue declined as exports to China decreased and shipments to major customers remained sluggish because of weak domestic construction starts for detached houses, continuing from the previous year.」
The sluggish start of detached-home construction in Japan has appeared as weak shipments to major users and declining net sales, making the effects of domestic market contraction and weak demand more concrete. - FY2018First statedAnnual report
「Amid expectations of a challenging market environment, including the structural contraction of the domestic market and concerns over rising raw material prices, our Group will further advance the selection and concentration of businesses, build a structure capable of responding to changes in the business environment, and work toward becoming a company that generates sustainable revenue and profit.」
The structural contraction of the domestic market is explicitly identified as a new long-term risk in the business environment.