Risk to Sales Expansion from Intensifying Competition in Overseas Markets
First written in FY2016. 5 of 14 entries say "Materialised", first in FY2017-Q3. Latest entry: 2026-08-07.
Nitta Gelatin moved to the "Worse" side of this theme in 2017, 7 years before the typical company in this theme (2024).
The whole theme swung hardest in 2017: 4 of 10 companies on the "Worse" side.
7 other companies' latest entry also says "Restated".
- FY2025WorsenedAnnual report
「In India, demand for soft-capsule applications remained firm. For hard-capsule applications, sales continued to decline due to intensifying global sales competition, although the company recovered its previous market share.」
Intensifying global sales competition continued to materialize in India through declining sales of hard-capsule applications. At the same time, the company stated that it had recovered its previous market share. - FY2025-H1WorsenedAnnual report
「In India, demand for hard-capsule applications continued to decline as global competition intensified.」
Intensifying global competition continued to be reflected in declining demand for hard-capsule applications in India. The company also stated that selling prices for collagen peptides in North America were trending lower due to price competition. - FY2024-Q3WorsenedAnnual report
「Although we have worked to improve our production capabilities and operating efficiency, the challenging business environment continues, including deteriorating productivity and the recent sharp increases in energy costs and labor costs in the United States. Competition in the market is expected to remain severe, and product selling prices are expected to decline.」
In North America, deteriorating productivity, rising energy and labor costs, severe competition, and expected declines in selling prices compounded the risks to sales expansion and earnings generation in the North American business. - FY2020-Q2MaterialisedAnnual report
「Overseas sales for applications such as gummy candies increased in North America, while sales of collagen casings for meat snack and sausage applications declined due to intensifying competition.」
Competition intensified in overseas markets for meat snack and sausage applications, and the risk from competition in overseas markets is materializing in actual performance through lower collagen casing sales. - FY2020-Q1MaterialisedAnnual report
「Overseas revenue from collagen casings declined amid intense competition in the meat snack and sausage market.」
Competition in overseas markets for meat snacks and sausages became severe, and the risk from competition in overseas markets materialized in actual performance through lower sales. - FY2019-Q2Recovery in the North American capsule marketAnnual report
「Overseas sales for capsule applications in the North American market were firm as market conditions recovered.」
The previous quarter had reported lower sales for North American capsule applications due to severe competition, but sales were firm this quarter as market conditions recovered. The company did not state that the competitive risk itself had been eliminated. - FY2019-Q1MaterialisedAnnual report
「In North America, competition in the capsule market remained severe, and sales declined.」
Competition in the North American capsule market remained severe, and the risk to sales expansion materialized in actual performance through lower sales. - FY2018MaterialisedAnnual report
「In North America, profits declined as raw material prices for pigskin rose and market competition intensified.」
Competition intensified in the North American market, and, together with higher raw material prices, led to lower profits and impairment of fixed assets at the U.S. subsidiary. Overseas sales accounted for 44.9% of total sales. - FY2017WorsenedAnnual report
「In the fiscal year ended March 2017, sales in overseas markets accounted for 44.9% of Group sales. In the North American market, which had previously been a key region for business development, competition has emerged between products of industry peers and the Group’s products, potentially affecting the Group’s sales expansion. In China, India and Southeast Asia, markets in which the Group plans to focus going forward, competition between products of industry peers and the Group’s products may be even more intense than in North America, potentially affecting the Group’s sales expansion.」
Overseas sales accounted for 44.9% of total sales, and the company explicitly noted that competition in China, India and Southeast Asia could be more intense than in North America, creating a risk to sales expansion. - FY2017-Q3MaterialisedAnnual report
「In North America, sales struggled to grow because the capsule market recovery stalled.」
The recovery in the North American capsule market stalled, resulting in sluggish sales. Although intensified competition was not identified as the direct cause, concerns regarding sales expansion in overseas markets were reflected in performance. - FY2016First statedAnnual report
「In the fiscal year ended March 2016, sales in overseas markets accounted for 47.7% of Group sales. In the North American market, which had previously been a key region for business development, competition has emerged between products of industry peers and the Group’s products, potentially affecting the Group’s sales expansion.」
While reporting that overseas sales accounted for 47.7% of total sales, the company identified competition in North America, China, India and Southeast Asia as a potential impediment to sales expansion. In terms of actual performance, it reported intensified competition and lower sales for collagen casings in North America.