Maturing Domestic Cosmetics and Contract Manufacturing Markets and Intensifying Competition
First written in FY2017. 3 of 4 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2026: 21 of 39 companies on the "Worse" side.
39 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The domestic cosmetics market has already entered a mature phase, and the competitive environment is becoming increasingly challenging due to industry restructuring through M&A and new entrants from other industries.」
The Company regards the mature domestic cosmetics market, entry from other industries, industry restructuring and the entry of overseas contract manufacturers as continuing risks that are intensifying competition. - FY2021RestatedAnnual report
「The domestic cosmetics market has already entered a mature phase, and the competitive environment is becoming increasingly challenging due to industry restructuring through M&A and new entrants from other industries. In addition, the contract cosmetics manufacturing market in which the Group operates is also facing increasingly intense competition due to industry restructuring, consolidation among competitors and new entry into the domestic market by overseas contract cosmetics manufacturers.」
The Company has reaffirmed intensifying competition due to market maturity, entry from other industries, industry restructuring and the entry of overseas contract manufacturers. - FY2018RestatedAnnual report
「The domestic cosmetics market has already entered a mature phase, and the competitive environment is becoming increasingly challenging due to industry restructuring through M&A and new entrants from other industries.」
The Company regards the mature domestic cosmetics market and intensifying competition due to entrants from other industries and overseas contract manufacturers as continuing risks. - FY2017First statedAnnual report
「The domestic cosmetics market has already reached maturity, and the competitive environment is becoming increasingly challenging as corporate groups are reorganized through M&A and new entrants from other industries enter the market.」
The Company identifies a mature domestic market, entry by companies from other industries and overseas contract manufacturers, and intensifying competition as standalone risks.