Weak Demand and Intensifying Competition for Orders in the Concrete Pile Market
First written in FY2017-Q1. 17 of 38 entries say "Worsened", first in FY2017-Q2. Latest entry: FY2027-H1.
Toyo Asano Foundation moved to the "Worse" side of this theme in 2019, 6 years before the typical company in this theme (2025).
1 other company's latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「Regarding nationwide demand for concrete piles, the core business of the foundation business, demand exceeded the previous year in some recent months, but remained at a low level overall. In the Kanto region, the company's main market, demand remained below the previous year. In terms of results, net sales were affected by the lower-than-expected number of high-value-added projects. Profit and loss were affected by sluggish demand and intensifying price competition in the company's main market, as well as rising raw material prices resulting from the situation in the Middle East. As a result, net sales for the cumulative consolidated second quarter period under review were ¥6,186 million, down 13.6% from the previous interim consolidated accounting period, and operating income was ¥296 million, down 60.9%.」
Nationwide demand remained low despite exceeding the previous year in some months, while demand in the main market of Kanto continued to fall below the previous year. Sluggish demand and price competition, compounded by rising raw material prices, resulted in net sales falling 13.6% and operating income falling 60.9%. - FY2026WorsenedAnnual report
「In Kanto and Shizuoka, our core markets, demand in Kanto held up with only a slight decline, while demand in Shizuoka was approximately 40% below the previous fiscal year's level. Performance was also affected by significant delays in starting construction in addition to sluggish demand. As a result, net sales for the fiscal year were ¥11,492 million, down 19.1% from the previous fiscal year, and operating income was ¥632 million, down 43.1%.」
Nationwide demand was slightly below the previous fiscal year's level, while demand in Shizuoka declined by approximately 40%. Delays in starting construction also contributed to declines in net sales and operating income in the foundation business, confirming the deterioration in demand and the order environment. - 2026-04-10WorsenedEarnings
「The decline in demand in our main market areas, accompanied by intensifying competition, became a major downward factor for our group’s core business.」
The company explicitly reported weak demand accompanied by intensifying competition, and shipments in Shizuoka were approximately 40% below the previous level. - FY2026-H1WorsenedAnnual report
「Given this assessment of the operating environment, our Group considers addressing sluggish demand and intensifying competition for orders to be important management challenges.」
Sluggish demand and intensifying competition for orders were identified as important management challenges. Nationwide demand was below the same period of the previous year, and demand in the Shizuoka region was substantially below it. - FY2025WorsenedAnnual report
「Nationwide shipments of concrete piles remained below the previous fiscal year's level. Although nationwide shipments in fiscal 2023 were already substantially below fiscal 2022 and at an extremely challenging level, shipments declined further in the current fiscal year, and conditions remain extremely difficult. Shipments in the Kanto region, our core market, were also substantially below the previous fiscal year's level.」
Nationwide shipments fell further below the previous fiscal year's level, and extremely challenging demand conditions continued. - FY2025-H1WorsenedAnnual report
「Nationwide demand for the concrete piles segment, the core business of the foundation business, remained below the same period of the previous year. Demand in Kanto, our core market, was also substantially below the same period of the previous year.」
Nationwide demand and demand in Kanto, our core market, were below the same period of the previous year, with Kanto particularly far below. Compared with the previous explanation of regional differences between Kanto and Shizuoka, demand conditions have deteriorated, particularly in Kanto. - FY2025-Q1ReframedAnnual report
「Nationwide demand for the concrete piles segment, the core business of the foundation business, remained below the same period of the previous year. In Kanto and Shizuoka, our core markets, demand in Kanto remained below the same period of the previous year, while demand in Shizuoka remained above it.」
Nationwide demand and demand in Kanto were below the same period of the previous year, while demand in Shizuoka was above it, indicating regional differences within the core markets. - FY2024WorsenedAnnual report
「Nationwide demand for concrete piles was approximately 20% below the previous fiscal year's level, while demand in Kanto, our core market, was approximately 10% below that level, creating an extremely challenging demand environment. In addition, the decline in operating days resulting from an increase in construction sites closed on Saturdays had a significant impact on concrete pile shipments.」
The full-year figures specified that nationwide demand was approximately 20% below the previous year's level and demand in Kanto approximately 10% below, compared with the year-on-year declines cited through the previous quarter. The decline in operating days due to Saturday site closures also became an additional factor weighing on shipments. - FY2024-Q3RestatedAnnual report
「Nationwide demand for concrete piles remained below the same period of the previous year. Demand in Kanto and Shizuoka, our core markets, was also below the same period of the previous year.」
The disclosure continues to state that nationwide demand and demand in Kanto and Shizuoka, our core markets, were below the same period of the previous year. - FY2024-Q1WorsenedAnnual report
「Nationwide demand for the concrete piles segment remained below the same period of the previous year. Demand in Kanto and Shizuoka, our core markets, was also below the same period of the previous year.」
Nationwide demand and demand in Kanto and Shizuoka, our core markets, fell below the same period of the previous year, indicating a deterioration in demand conditions from the previous quarter, when nationwide demand and demand in Kanto exceeded the previous year's level. - FY2023-Q3RestatedAnnual report
「Nationwide demand for concrete piles remained above the level of the same period of the previous year. In Kanto and Shizuoka, our core markets, demand in Kanto was above the same period of the previous year, while demand in Shizuoka was below it.」
The disclosure continues to describe regional differences, with nationwide demand and demand in Kanto above the same period of the previous year, while demand in Shizuoka was below it. - FY2023-Q2RestatedAnnual report
「Nationwide demand for concrete piles remained above the level of the same period of the previous year. In Kanto and Shizuoka, our core markets, demand in Kanto was above the same period of the previous year, while demand in Shizuoka was below it.」
The disclosure continues to describe regional differences, with nationwide demand and demand in Kanto above the same period of the previous year, while demand in Shizuoka was below it. - FY2023-Q1MitigatedAnnual report
「Nationwide demand for concrete piles remained above the level of the same quarter of the previous year. In Kanto and Shizuoka, our core markets, demand in Kanto was above the same quarter of the previous year, while demand in Shizuoka was below it.」
The previous description of demand volumes as broadly flat and extremely challenging has improved to a situation in which nationwide demand and demand in the core Kanto market exceeded the same quarter of the previous year. Demand in Shizuoka remained below the same quarter of the previous year, leaving regional differences. - FY2022-Q3RestatedAnnual report
「Given that demand volumes for concrete piles were extremely weak in the previous and prior fiscal years, quantitative demand levels remained extremely challenging during the current fiscal year, when demand was broadly flat.」
Nationwide demand was described as broadly flat year on year, while demand in Kanto and Shizuoka increased slightly. At the same time, quantitative demand levels continued to be extremely challenging. - FY2022-Q2WorsenedAnnual report
「Given that demand volumes for concrete piles were extremely weak in the previous and prior fiscal years, quantitative demand levels remained extremely challenging during the current fiscal year, when demand was broadly flat.」
The description has changed from the demand recovery cited in the previous quarter to an explanation that nationwide demand remained broadly flat and quantitative demand levels continued to be extremely challenging. - FY2022-Q1MitigatedAnnual report
「Nationwide demand for concrete piles recovered overall as demand conditions in western Japan improved compared with the same period of the previous year.」
Demand conditions in western Japan improved and nationwide demand recovered, indicating that the risk of sluggish demand in the concrete pile market had eased from the difficult conditions of the previous fiscal year. - FY2021MitigatedAnnual report
「Although nationwide demand was slightly below the previous fiscal year's level, demand in Kanto and Shizuoka, our core markets, remained above the previous fiscal year's level. As a result, net sales for the fiscal year were ¥7,932 million, up 29.9% from the previous fiscal year, and operating income was ¥310 million, up 94.8%.」
Although nationwide demand remained weak, demand in the core markets exceeded the previous fiscal year's level, resulting in increased net sales and operating income and a smaller impact from sluggish demand than in the previous fiscal year. - FY2021-Q3AdvancedAnnual report
「Although product deliveries were delayed in the first quarter due to construction delays, the start and completion of large projects progressed as scheduled from the second quarter onward. As a result, net sales for the nine months ended the third quarter were ¥5,639 million, up 21.5% year on year, and operating income was ¥243 million, up 89.7%.」
Following delivery delays in the first quarter, the start and completion of large projects progressed as scheduled from the second quarter onward, resulting in net sales up 21.5% and operating income up 89.7%. - FY2021-Q2MitigatedAnnual report
「As delays in starting construction and low plant utilization that arose in the first quarter began to be resolved, net sales for the six months ended the second quarter were ¥3,314 million, up 35.1% year on year, and operating income was ¥126 million, compared with operating income of ¥3 million in the same period of the previous year.」
Delays in starting construction and low plant utilization that arose in the first quarter began to be resolved, and the disclosure states that net sales and operating income in the concrete piles segment exceeded those of the same period of the previous year. - FY2021-Q1ReframedAnnual report
「Demand nationwide in the concrete pile business was broadly in line with the same period of the previous year. However, demand in Kanto and Shizuoka, our core markets, remained above the previous year's level, partly because demand in the same period of the previous year was exceptionally low.」
Nationwide demand was broadly in line with the same period of the previous year, while demand in Kanto and Shizuoka was above the previous year's level. Rather than weak demand itself, low plant utilization resulting from projects with delayed starts emerged as the main factor weighing on performance. - FY2020WorsenedAnnual report
「Although we worked to offset the decline in net sales through the second quarter in the concrete piles segment, several projects scheduled to start and be completed during the current fiscal year were delayed into the following fiscal year. As a result, net sales for the fiscal year were ¥6,104 million, down 20.8% from the previous fiscal year, and operating income was ¥159 million, down 81.3%.」
In addition to declining demand, the start and completion of several projects were delayed into the following fiscal year, resulting in net sales down 20.8% and operating income down 81.3%. - FY2020-Q3WorsenedAnnual report
「Demand for our core concrete pile business declined significantly from the same period of the previous year, resulting in an extremely challenging business environment. During the third quarter, construction began on large projects and shipment volumes recovered as expected, but completion of the work was expected to be concentrated in the fourth quarter, leaving the earnings environment extremely difficult.」
Demand declined significantly year on year, creating an extremely challenging business environment. Although shipment volumes recovered as expected following the start of large construction projects, the concentration of project completions in the fourth quarter left the earnings environment difficult. - FY2020-Q2WorsenedAnnual report
「The initial plan anticipated a recovery in net sales from the second quarter, but construction starts, particularly for large projects, were delayed, the economic slowdown was more pronounced than initially expected, and demand itself weakened. As a result, net sales fell substantially short of the plan. Profit was also affected by lower revenue and a decline in the operating rate. Net sales for the six months ended the second quarter were ¥2,452 million, down 39.0% year on year, and operating income was ¥3 million, down 99.5%.」
The plan to recover net sales from the second quarter fell short, with net sales down 39.0% and operating income down 99.5% amid delays in starting large projects, weakening demand, and a lower operating rate. - FY2020-Q1WorsenedAnnual report
「For the concrete piles segment, the core business of the concrete products business, the acceleration of the slowdown in demand created a challenging business environment. Demand declined particularly sharply in the Kanto region, our core market, and nationwide demand also remained sluggish. As a result, net sales for the first three months of the fiscal year were ¥1,363 million, down 34.0% year on year, and operating income was ¥7 million, down 97.8%.」
The slowdown in demand for concrete piles intensified, particularly in the Kanto region, while nationwide demand also remained sluggish, resulting in substantial declines in net sales and operating income. - FY2019RestatedAnnual report
「Nationwide demand increased significantly compared with the previous fiscal year. Demand also increased substantially in Kanto and Shizuoka-Yamanashi, our core markets, and the business environment throughout the fiscal year was very favorable, substantially exceeding our expectations. Meanwhile, demand began to slow in the second half, and production volumes in our core markets began to decline.」
Although demand increased significantly and conditions remained favorable for the full year, the disclosure states that demand began to slow and production volumes in the core markets began to decline from the second half. - FY2019-Q3WorsenedAnnual report
「Demand increased substantially in Kanto and Shizuoka-Yamanashi, our core markets, and the business environment for the current fiscal year was very favorable, substantially exceeding our expectations. Meanwhile, demand has recently begun to slow, and production volumes in our core markets have begun to decline.」
Although demand increased significantly year on year, the disclosure states that demand has recently begun to slow in the core markets and that production volumes have begun to decline. This represents a change from the favorable demand environment through the previous quarter. - FY2019-Q2RestatedAnnual report
「In the concrete pile business, our Group's core product business, nationwide demand increased significantly from the same period of the previous year. Demand also increased substantially in Kanto and Shizuoka-Yamanashi, our core markets, and the business environment through the first half was very favorable, substantially exceeding our expectations.」
The disclosure continues to cite increased demand nationwide and in the core markets, as well as a very favorable business environment that substantially exceeded expectations. - FY2019-Q1MitigatedAnnual report
「In the concrete pile business, our Group's core product business, nationwide demand increased significantly from the same quarter of the previous year. In addition to active order-taking efforts, we worked to strengthen project-by-project profitability management.」
The disclosure states that nationwide demand increased significantly year on year, further mitigating the previous risk of sluggish demand. In the core markets, net sales were ¥2,065 million and operating income was ¥329 million, both higher than in the same quarter of the previous year. - FY2018MitigatedAnnual report
「National demand remained broadly flat compared with the previous fiscal year, and conditions remained difficult in terms of nationwide demand. Meanwhile, demand in the Kanto and Shizuoka-Yamanashi regions, our Group's core markets, increased compared with the previous fiscal year.」
Although difficult conditions for nationwide demand continued, demand increased in the core markets, and the disclosure cites a recovery in market conditions and improved profitability. - FY2018-Q3RestatedAnnual report
「In the concrete pile market, our Group's core product market, demand has gradually begun to recover, while a framework has been established to ensure strict construction quality in pile-driving work. We have also pursued active order-taking efforts.」
The disclosure continues to cite a recovery in demand for the concrete pile market, the establishment of a framework to ensure construction quality, and active order-taking efforts. - FY2018-Q2MitigatedAnnual report
「In the concrete pile market, our Group's core product market, demand has gradually begun to recover, while a framework has been established to ensure strict construction quality in pile-driving work. We have also pursued active order-taking efforts.」
The concrete pile market is described as having gradually recovered from its previous demand slump, and, together with active order-taking efforts, this indicates a mitigation of risk. - FY2018-Q1MitigatedAnnual report
「For the concrete piles segment, the core business of the concrete products business, shipments increased as a result of active order-taking efforts despite continued weak demand. Consequently, net sales for the first three months of the fiscal year were ¥1,618 million, up 17.8% year on year, and operating income was ¥226 million, up 82.6%.」
Although weak demand continued, shipments increased through active order-taking efforts, resulting in year-on-year increases in net sales and operating income, indicating some improvement in the impact of sluggish demand. - FY2017RestatedAnnual report
「For the concrete piles segment, the core business of the concrete products business, intensifying competition for orders amid weak demand resulted in net sales of ¥6,435 million for the fiscal year, down 4.8% from the previous fiscal year, and operating income of ¥535 million, down 25.1%.」
Weak demand and intensifying competition for orders continued throughout the year, resulting in year-on-year declines in net sales and operating income. - FY2017-Q3RestatedAnnual report
「In the concrete pile segment, the core business of the concrete secondary products business, order competition intensified due to sluggish demand. As a result, revenue for the third quarter cumulative period was ¥4,445 million, down 8.5% year on year, and operating profit was ¥311 million, down 31.5% year on year.」
Continued sluggish demand and intensifying order competition were reported as year-on-year declines in revenue and operating profit. - FY2017-Q2WorsenedAnnual report
「In the concrete pile segment, order competition intensified due to sluggish demand. As a result, revenue for the second quarter cumulative period was ¥2,690 million, down 17.7% year on year, and operating profit was ¥170 million, down 45.7% year on year.」
Sluggish demand and intensifying order competition continued, resulting in lower revenue and operating profit year on year. - FY2017-Q1First statedAnnual report
「In the concrete pile segment, order competition intensified due to sluggish demand. As a result, revenue for the first quarter cumulative period was ¥1,373 million, down 19.8% year on year, and operating profit was ¥123 million, down 4.1% year on year.」
Sluggish demand and intensifying order competition were reflected in lower revenue and operating profit for the quarter.