Declining Sales of Fire-Resistant Double-Wall Pipes Due to Intensifying Order Competition
First written in FY2017-Q1. 11 of 18 entries say "Restated". Latest entry: FY2022.
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- FY2022MitigatedAnnual report
「In response to declining demand and higher manufacturing costs, the company decided to withdraw from the fire-resistant double-wall pipe business as of March 2022.」
The company continues to confirm, as of the fiscal year-end, its policy of withdrawing from the fire-resistant double-wall pipe business as of March 2022 in response to declining demand and higher manufacturing costs. Its business response to the sales risk from intensifying competition is taking concrete form. - FY2022-Q2MitigatedAnnual report
「In response to declining demand and higher manufacturing costs, the company decided to withdraw from the fire-resistant double-wall pipe business as of March 2022.」
The company has decided to withdraw from the business in response to declining demand and higher manufacturing costs for fire-resistant double-wall pipes, giving concrete form to its response to the previously identified risk of intensifying competition. - FY2022-Q1RestatedAnnual report
「Demand for government and private-sector projects, mainly in major metropolitan areas, remained sluggish for fire-resistant double-wall pipes.」
The company explains that weak demand for government and private-sector projects, mainly in major metropolitan areas, has continued in the fire-resistant double-wall pipe business. - FY2021RestatedAnnual report
「Shipments of fire-resistant double-wall pipes declined as construction demand for accommodation facilities and new condominiums, mainly in the Tokyo metropolitan area, contracted.」
The decline in shipments of fire-resistant double-wall pipes due to contracting construction demand for accommodation facilities and new condominiums has continued. - FY2021-Q3MaterialisedAnnual report
「Shipments of fire-resistant double-wall pipes declined because of construction delays at worksites and a decrease in the number of new condominium starts.」
The company explains that shipments of fire-resistant double-wall pipes actually declined because of construction delays at worksites and a decrease in the number of new condominium starts. - FY2021-Q1MaterialisedAnnual report
「Shipments of fire-resistant double-wall pipes declined, mainly for government and private-sector projects in major metropolitan areas.」
The company explains that shipments of fire-resistant double-wall pipes actually declined as projects for government and private-sector customers in major metropolitan areas decreased, in addition to the previous intensification of competition for orders. - FY2020-Q3RestatedAnnual report
「Next, orders for socketed pipes and foamed three-layer pipes for redevelopment facilities in the Tokyo metropolitan area and Olympic-related facilities remained solid.」
The company explains that orders for redevelopment facilities in the Tokyo metropolitan area and Olympic-related facilities have remained solid in the fire-resistant double-wall pipe business. - FY2020-Q1RestatedAnnual report
「Next, orders for socketed pipes and foamed three-layer pipes for redevelopment facilities in the Tokyo metropolitan area and Olympic-related facilities remained firm.」
The company explains that orders for redevelopment facilities in the Tokyo metropolitan area and Olympic-related facilities have remained firm in the fire-resistant double-wall pipe business. - FY2019-Q2RestatedAnnual report
「Next, soundproof pipes, which are in high market demand, gained traction in the hotel market, while shipments to Olympic-related facilities remained firm.」
The company continues to note growth in soundproof pipes for hotels and firm shipments to Olympic-related facilities in the fire-resistant double-wall pipe business. - FY2019-Q1RestatedAnnual report
「Next, shipment volumes of fire-resistant double-wall pipes increased as soundproof pipes, which are in high market demand, gained traction in the hotel market, along with supplies to Olympic-related facilities and other sites.」
Shipment volumes of fire-resistant double-wall pipes have increased against the backdrop of growth in soundproof pipes for hotels and supplies to Olympic-related facilities and other sites, indicating that the benefits of addressing the competitive environment are continuing. - FY2018MitigatedAnnual report
「Next, shipment volumes of fire-resistant double-wall pipes trended upward as a result of the enhanced product lineup created through the business alliance with Showa Denko Kenzai Co., Ltd. and supplies to Olympic-related facilities and other sites. The company will continue to deepen the alliance and work to maximize its benefits.」
Shipment volumes have trended upward as a result of the enhanced product lineup created through the business alliance and supplies to Olympic-related facilities and other sites, indicating that the alliance is helping address competition for orders. - FY2018-Q3RestatedAnnual report
「Next, shipment volumes of fire-resistant double-wall pipes trended upward as a result of the enhanced product lineup created through the business alliance with Showa Denko Kenzai Co., Ltd. and supplies to Olympic-related facilities and other sites.」
The company has reconfirmed that shipment volumes have been trending upward against the backdrop of the business alliance and supplies to Olympic-related facilities. - FY2018-Q2MitigatedAnnual report
「Next, the fire-resistant double-wall pipe business began supplying products to Olympic-related facilities, and shipment volumes also showed an upward trend as a result of enhancing its product lineup through the business alliance with Showa Denko Kenzai Co., Ltd.; however, it did not achieve a full-scale recovery because changing products and other measures required time and expense.」
The company began supplying products to Olympic-related facilities through the enhanced product lineup created by the business alliance, and shipment volumes also began to trend upward, indicating some effectiveness in addressing the competitive environment. However, a full-scale recovery has not been achieved. - FY2018-Q1RestatedAnnual report
「Next, the fire-resistant double-wall pipe business has begun to show results, including the decision to adopt its products at some Olympic-related facilities as a result of enhancing its product lineup through the business alliance with Showa Denko Kenzai Co., Ltd., but it did not achieve a full-scale recovery.」
While the business alliance has begun to produce results in the form of adoption decisions, fire-resistant double-wall pipes have not achieved a full-scale recovery, and issues relating to the competitive environment remain. - FY2017RestatedAnnual report
「Next, amid increasingly intense competition for orders with other pipe types due to the diversification of drainage pipes, the fire-resistant double-wall pipe business is considering the mutual supply of products, joint procurement of raw materials, and joint development of new products, based on the business alliance with Showa Denko Kenzai Co., Ltd. announced last December, and is moving forward with the development of a new business structure.」
The diversification of drainage pipes and intensifying competition with other pipe types surrounding fire-resistant double-wall pipes continue to be recognized. Progress on the alliance initiatives is being tracked in t33. - FY2017-Q3RestatedAnnual report
「Regarding fire-resistant double-wall pipes, drainage pipe types have diversified and competition for orders with other types of pipes has intensified. The company is advancing its business alliance with Showa Denko Kenzai Co., Ltd., announced last December, and working to build a new business structure.」
The diversification of drainage pipes and the intensifying competition for orders with other pipe types continue to be noted. Meanwhile, the response through the business alliance will be tracked as a new initiative in a separate thread. - FY2017-Q2RestatedAnnual report
「Meanwhile, orders for fire-resistant double-wall pipes were below the level in the same period of the previous year, as drainage pipe types diversified and competition for orders with other types of pipes intensified.」
The company continues to disclose that fire-resistant double-wall pipes are below the level in the same period of the previous year because competition for orders with other types of pipes has intensified. - FY2017-Q1First statedAnnual report
「Meanwhile, orders for fire-resistant double-wall pipes were below the level in the same period of the previous year, as competition for orders with other types of pipes intensified.」
The company records for the first time the specific impact of intensifying competition for orders with other types of pipes, which caused sales of fire-resistant double-wall pipes to fall below the level in the same period of the previous year.