Price Competition with Chinese Products and the Shift Toward Higher-Value-Added Products
First written in FY2016. 19 of 23 entries say "Restated". Latest entry: FY2025.
Nihon Seiko moved to the "Worse" side of this theme in 2025, 2 years after the typical company in this theme (2023).
The whole theme swung hardest in 2025: 5 of 11 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2025ReframedAnnual report
「Although imports of Chinese products have gradually declined following China's implementation of export controls on antimony products, imports of products from Europe and elsewhere have increased, leaving the company subject to competition.」
The disclosure adds declining imports of Chinese products and rising imports of European products and others to the previous framework of price competition with Chinese products, indicating a change in the composition of competitors. - FY2024SoftenedAnnual report
「Approximately half of Japan's antimony trioxide market consists of imports, of which approximately 40% are Chinese products, subjecting the company to intense price competition.」
The proportion of Chinese products has changed from approximately 80% of imports as previously disclosed to approximately 40% of imports. Intense price competition itself continues. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no new developments or significant changes regarding price competition with Chinese products and overseas competitors, confirming that the situation continues. - FY2024-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current fiscal year, there were no new business or other risks, and no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The disclosure states that there have been no new developments or significant changes regarding price competition with Chinese products and overseas competitors, confirming that the situation continues. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no new developments or significant changes regarding price competition with Chinese products and overseas competitors, confirming that the situation continues. - FY2021RestatedAnnual report
「Approximately half of Japan's antimony trioxide supply consists of imports, of which approximately 80% are Chinese products, subjecting the company to intense price competition.」
The disclosure reconfirms that Chinese products account for most domestic imports and that intense price competition continues as a structural condition. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no significant changes regarding price competition with Chinese products and overseas competitors, confirming that the situation continues. - FY2021-Q2RestatedAnnual report
「During the six-month period ended 30 September, there were no new business risks and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no significant changes regarding price competition with Chinese products and overseas competitors, confirming that the situation continues. - FY2021-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The disclosure states that there have been no significant changes regarding price competition with Chinese products and overseas competitors, confirming that the situation continues. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The disclosure states that there have been no significant changes regarding price competition with Chinese products and overseas competitors, confirming that the situation continues. - FY2019RestatedAnnual report
「Approximately half of Japan's antimony trioxide supply consists of imports, of which approximately 80% comes from China, subjecting the company to intense price competition.」
The disclosure continues to cite imports of Chinese products at approximately 80% and intense price competition. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no significant changes regarding price competition with Chinese products and overseas competitors, confirming that the situation continues. - FY2019-Q2RestatedAnnual report
「During the six-month period ended 30 September, there were no new business risks and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no significant changes regarding price competition with Chinese products and overseas competitors, confirming that the situation continues. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The disclosure states that there have been no significant changes regarding price competition with Chinese products and overseas competitors, confirming that the situation continues. - FY2018RestatedAnnual report
「Approximately half of Japan's antimony trioxide supply consists of imports, of which approximately 80% comes from China, subjecting the company to intense price competition.」
The disclosure states that approximately 80% of imports are products from China and that intense price competition continues. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no significant changes regarding price competition with Chinese products and overseas competitors, confirming that the situation continues. - FY2018-Q2RestatedAnnual report
「During the six-month period ended 30 September, there were no new business risks and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no significant changes regarding price competition with Chinese products and overseas competitors, confirming that the situation continues. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The disclosure states that there have been no significant changes regarding price competition with Chinese products and overseas competitors, confirming that the situation continues. - FY2017RestatedAnnual report
「Approximately half of Japan's antimony trioxide supply consists of imports, of which approximately 80% comes from China, subjecting the company to intense price competition.」
The disclosure states that approximately 80% of imports are products from China and that intense price competition continues. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The overall risk disclosure states that there have been no significant changes regarding price competition with Chinese products and overseas competitors, confirming that the situation continues. - FY2017-Q2RestatedAnnual report
「Segment profit declined by ¥53 million, or 74.9%, due to intensified price competition with overseas competitors and other factors, to ¥17 million.」
Intensified price competition with overseas competitors continued to pressure earnings, and segment profit declined by ¥53 million year on year. - FY2017-Q1WorsenedAnnual report
「Segment profit declined by ¥62 million due to intensified price competition with overseas competitors and other factors, resulting in a segment loss of ¥24 million.」
Intensified price competition with overseas competitors is recorded as a segment loss in the antimony business. - FY2016First statedAnnual report
「Imported products account for approximately half of the supply of antimony trioxide in Japan, and nearly 90% of those imports come from China, resulting in intense price competition.」
Competition with Chinese products materialized as lower sales volume and deteriorating profitability during the fiscal year.