Komori
Kyoei Steel (5440) · RiskWorsenedLatest Earnings (2026-10-30): "Mitigated"

Intensifying competition in the environmental recycling business

First written in FY2017-Q1. 5 of 10 entries say "Worsened", first in FY2018-Q1. Latest entry: 2026-10-30.

10entries
11years
3from disclosures
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How it moved
ProgressHeldSoftenedWorseWorsenedFY2017-Q3 – FY2026-H12016: 120162017: 320172018: 120182019: 020192020: 020202021: 020212022: 020222023: 020232024: 120242025: 120252026: 32026
Same theme, other companies
Intensifying competition due to broad-based entry into the resource recycling industryA theme 7 companies write about · 7 as a headwind · 0 as a tailwind

Kyoei Steel moved to the "Worse" side of this theme in 2017.

1 other company's latest entry also says "Mitigated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026-H1WorsenedAnnual report

    「In this business segment, revenue was affected by the continued challenging competitive environment in medical waste treatment and higher costs associated with lower treatment volumes. Revenue declined by ¥432 million, or 13.6%, year on year to ¥2,750 million, while operating profit fell by ¥283 million, or 79.3%, to ¥74 million.」

    In the environmental recycling business, competition in medical waste processing remained severe, and higher costs associated with lower processing volumes added to the impact, resulting in a significant decline in operating profit.
  2. FY2025-H1WorsenedAnnual report

    「In this business segment, intensified price competition with competitors in medical waste processing and higher costs due to operating problems at processing facilities resulted in lower profit despite higher net sales.」

    In the environmental recycling business, intensified price competition with competitors in medical waste processing was identified, and, together with higher costs caused by operating problems at processing facilities, it contributed to lower profit.
  3. FY2018WorsenedAnnual report

    「Although we pursued the acquisition of high-priced projects involving difficult-to-process materials, the competitive environment became increasingly severe. Net sales decreased by ¥267 million, or 4.1%, from the previous fiscal year to ¥6,237 million, while operating profit decreased by ¥140 million, or 13.9%, to ¥866 million.」

    As the competitive environment became increasingly severe, the impact became apparent in the form of declines in net sales and operating profit in the environmental recycling business.
  4. FY2018-Q2WorsenedAnnual report

    「In this business segment, we pursued high-priced projects involving difficult-to-process materials, but the competitive environment became increasingly challenging. Revenue declined by ¥282 million, or 8.6%, year on year to ¥2,988 million, while operating profit fell by ¥228 million, or 44.9%, to ¥280 million.」

    In the environmental recycling business, the competitive environment became increasingly severe. Although efforts were made to acquire projects, net sales decreased by 8.6% and operating profit by 44.9%.
  5. FY2018-Q1WorsenedAnnual report

    「In this business segment, we actively pursued high-value-added processing projects, but the competitive environment became increasingly challenging. Revenue declined by ¥239 million, or 13.4%, year on year to ¥1,546 million, while operating profit fell by ¥218 million, or 60.2%, to ¥144 million.」

    In the environmental recycling business, the competitive environment became increasingly severe. Although efforts were made to acquire high-value-added projects, net sales decreased by 13.4% and operating profit by 60.2%.
  6. FY2017-Q3MaterialisedAnnual report

    「In this business segment, we focused on strengthening the acquisition of projects involving difficult-to-process materials amid a challenging competitive environment. However, due to a decline in processing volumes following the closure of the Osaka Plant at the end of March 2016 and operating problems at processing facilities of an affiliated company, net sales decreased by ¥386 million, or 7.3%, year on year to ¥4,873 million, while operating profit decreased by ¥304 million, or 29.7%, to ¥719 million.」

    The environmental recycling business remained in a challenging competitive environment. Although efforts were made to strengthen project acquisition, the impact was reflected in lower net sales and operating profit.
  7. FY2017-Q1First statedAnnual report

    「Although we actively pursued the acquisition of high-value-added processing projects, the competitive environment has become increasingly severe,」

    While the environmental recycling business pursued the acquisition of high-value-added projects, the competitive environment was described as becoming increasingly severe.
Moved together

"Fluctuations in iron scrap prices" moved the same way as this thread, in the same document, in 5 of its 10 moves.

544322★123456
  1. ★This thread
  2. 1Fluctuations in iron scrap prices5×
  3. 2Economic, market, political and operating risks in Vietnam4×
  4. 3Production stoppages caused by natural disasters, equipment failures and accidents4×
  5. 4Changes in electricity rates, power supply and energy prices3×
  6. 5Uncertainty over the outlook due to economic slowdowns in emerging Asian and resource-rich countries and the UK's withdrawal from the EU2×
  7. 6Logistics risks from labor shortages and tighter regulations in the transport industry2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Kyoei Steel's next results are scheduled for 2026-10-30. Read the earnings preview It last moved in the Earnings of 2026-10-30: "Mitigated".
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