Intensifying Price Competition in Architectural Coatings and Weak Construction Demand

「Infrastructure revenue was lower because general-purpose products in architectural and anticorrosion coatings remained sluggish, resulting in the segment as a whole falling below the previous year」

「Infrastructure revenue was lower because, although construction revenue at subsidiaries in architectural coatings exceeded the previous year, general-purpose products remained sluggish and fell below the previous year due to delays in lifting the temporary suspension of JIS certification」

「Infrastructure revenue was lower because general-purpose products in architectural coatings remained sluggish, partly due to the temporary suspension of JIS certification, resulting in the segment as a whole falling below the previous year」

「Infrastructure revenue decreased because, although construction revenue at subsidiaries in architectural coatings showed signs of recovery, shipments remained sluggish following the cancellation or temporary suspension of JIS certification, while shipments in anticorrosion coatings decreased due to difficulty procuring raw materials and other factors.」

「Infrastructure revenue decreased because, although construction revenue at subsidiaries in architectural coatings was strong, shipments for detached-house renovations remained sluggish due to the impact of the COVID-19 pandemic, while demand for core colored paving materials and anti-slip materials in road infrastructure coatings declined.」

「Infrastructure revenue increased because, although demand from major customers in architectural coatings was recovering, it had not returned to pre-pandemic levels, while construction revenue at subsidiaries was strong and core products in road infrastructure coatings, including colored paving materials and step-repair materials, performed well.」

「Revenue from architectural coatings decreased as the impact of lower demand due to the COVID-19 pandemic continued.」

「Revenue from architectural coatings decreased because demand fell as a result of the COVID-19 pandemic.」

「Revenue from architectural coatings decreased because construction work was delayed following the declaration of a state of emergency in May, among other factors.」

「Revenue from architectural coatings increased because shipments of exterior renovation materials for detached houses and apartment buildings remained strong, while construction revenue at subsidiaries was also strong.」

「Revenue from architectural coatings increased as shipments of exterior renovation materials for apartment buildings and flooring materials for factories remained strong, while construction revenue was also brought forward.」

「Revenue from architectural coatings increased as shipments of exterior renovation materials for apartment buildings and flooring materials for factories remained strong, while construction revenue was also brought forward.」

「Revenue from architectural coatings increased as shipments of exterior renovation materials for apartment buildings and flooring materials for factories remained strong, while construction revenue was also brought forward.」

「In architectural coatings, shipments of general-purpose products recovered in the second half, while demand for apartment renovation also began to recover, resulting in revenue approximately unchanged from the previous year.」

「Although signs of a bottoming out have emerged in coatings sales, which had continued to decline, revenue decreased because there were no orders for construction revenue brought forward from the previous fiscal year.」

「Although signs of a bottoming out have emerged in coatings sales, which had continued to decline, revenue decreased because there were no orders for construction revenue brought forward from the previous fiscal year.」

「Revenue from architectural coatings decreased because, in addition to the absence of orders for construction revenue that had been brought forward in the previous fiscal year, shipments of general-purpose products and the acquisition of apartment renovation projects remained sluggish in the coatings sales business.」

「In architectural coatings, although orders were received for painting electrical switchboards at apartment buildings in the construction business, revenue decreased because shipments of general-purpose products remained sluggish in the coatings sales business and the weak acquisition of apartment renovation projects continued.」

「In architectural coatings, shipments of core general-purpose products remained sluggish and the acquisition of apartment renovation projects was weak in the coatings sales business, but revenue increased because major users continued to bring forward painting work in the construction business.」

「In architectural coatings, shipments of core general-purpose products remained sluggish and the acquisition of apartment renovation projects was weak in the coatings sales business, but revenue increased because construction revenue rose as major users brought forward painting work.」

「In architectural coatings, shipments of core general-purpose products remained sluggish and the acquisition of apartment renovation projects remained weak in the coatings sales business, but revenue increased because major users brought forward painting work.」

「In architectural coatings, shipments of core general-purpose products remained sluggish as price competition intensified, while the acquisition of apartment renovation projects also remained weak. In addition, construction revenue remained weak, as in the previous fiscal year, resulting in lower revenue.」

「Revenue from architectural coatings decreased as price competition for the core general-purpose products intensified, shipments for apartment renovations declined and weak construction orders continued.」

「Architectural coatings remained in a difficult environment as price competition intensified for the core general-purpose products and shipments for apartment renovations declined. In addition, revenue decreased because construction orders were weak.」