Competition with Alternative Materials Such as Aluminum and Carbon Fiber
First written in FY2020. 1 of 3 entries say "Restated". Latest entry: FY2026.
0 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「We will also propose multi-material structures that combine lightweight materials such as resin, and develop components combining steel with other materials. By drawing out the inherent strengths of each material, we will broaden the application base for steel and contribute to weight reduction.」
The response to competition from other materials has expanded beyond cost reductions and performance improvements to proposals for multi-material solutions combining steel with resin and other materials. - FY2022RestatedAnnual report
「If substantial cost reductions are achieved for other materials, demand for steel products may decline and affect the Group’s business performance. In response, we will work continuously to reduce costs and improve performance in order to discourage substitution with other materials.」
We reconfirmed the risk of competition from other materials, including aluminum and carbon fiber, and our response through cost reductions and performance improvements. - FY2020First statedAnnual report
「If substantial cost reductions are achieved for other materials, demand for steel products may decline and affect the Group’s business performance. In response, we will work continuously to reduce costs and improve performance in order to discourage substitution with other materials.」
For steel products, the decline in demand for steel resulting from lower costs for other materials, such as aluminum and carbon fiber, was identified as a standalone risk.