Shrinking domestic demand and intensifying competition and price competition in the wire and cable industry
First written in FY2017. 9 of 25 entries say "Worsened", first in FY2018. Latest entry: 2026-10-15.
No other company in this theme has enough history to compare yet.
- FY2026ReframedAnnual report
「In the wire business, competition among suppliers is intensifying as domestic demand contracts, while soaring raw-material prices and supply concerns persist. To continue pursuing sustainable growth in corporate value, the company will strengthen cooperation with business partners, focus on improving profitability by avoiding price competition and using its “speed and technology” to provide short lead times, strengthen employee training, improve and streamline production capacity, and develop and sell high-value-added products.」
The company has added soaring raw-material prices and supply concerns to the existing structural issues of shrinking domestic demand and intensifying competition. Meanwhile, it has specified countermeasures involving cooperation with business partners, short lead times, employee training, increased production capacity, and the development of value-added products. - FY2025RestatedAnnual report
「In the wire business, competition among suppliers is intensifying as domestic demand contracts. To continue pursuing sustainable growth in corporate value, the company will focus on improving profitability by avoiding price competition and using its “speed and technology” to provide short lead times, while strengthening employee training, improving and streamlining production capacity, and developing and selling high-value-added products.」
While continuing to identify shrinking domestic demand and intensifying competition as structural issues, the company indicates that it will respond through short lead times, value-added products, employee training, and increased production capacity. - FY2025-H1MitigatedAnnual report
「As a result, there was activity in factory plant projects and traffic signal cables, and we were able to secure sales through information gathering and responses to short delivery times.」
Although the structural issues of shrinking overall domestic demand and intensifying competition remain, the disclosure states that activity in factory-plant projects and traffic signal cables helped secure sales. - FY2025-Q1WorsenedAnnual report
「In the wire business, concerns over high material prices and material deliveries continued, but orders for plant projects and instrumentation cables, where demand was increasing, were strong, supported by the company’s strength in short lead times. Meanwhile, construction-related inquiries were trending downward, and conventional stock products continued to struggle.」
While strong performance is described for plant projects and instrumentation cables, the disclosure explicitly notes fewer inquiries related to construction and difficulties with conventional inventory products, identifying specific areas of weak domestic demand. - FY2024-Q2WorsenedAnnual report
「In the wire business, the company expected orders from construction and semiconductor projects, but was forced to struggle as project activity was slow and trading companies held excess inventories. Meanwhile, factory-plant projects showed slight growth, and the company generated sales by meeting delivery schedules. As a result, sales were ¥2,357.206 million, down 0.2% year on year, and segment profit was ¥99.520 million, down 50.1% year on year.」
Demand conditions deteriorated because of slow activity in construction and semiconductor projects and excess inventories held by trading companies, while segment profit in the wire business fell 50.1% year on year. The disclosure also states that factory-plant projects showed slight growth and generated sales. - FY2024-Q1WorsenedAnnual report
「In the wire business, although difficult conditions caused by soaring material prices and higher transportation costs have continued, sales of and inquiries about the instrumentation cable series remained strong. Meanwhile, commercially available products such as alarm, heat-resistant and FCPEV cables have struggled, particularly because of the low number of inquiries from the construction sector.」
Regarding domestic demand and the competitive environment, the disclosure states that instrumentation cables are performing well, while commercially available products such as alarm, heat-resistant and FCPEV cables, particularly in the construction sector, are struggling because of the low number of inquiries, identifying specific areas of weak demand. - FY2022WorsenedAnnual report
「In the wire business, sales and profit are significantly affected by copper prices, the main raw-material cost, and competition among suppliers is intensifying as domestic demand contracts. The company will continue focusing on developing high-value-added wire products, strengthening the business foundation of the total-solutions business to reinforce its stable operating base, and developing products in line with capital-investment needs arising from the “new normal” created by the global spread of COVID-19.」
The disclosure continues to explicitly identify shrinking domestic demand and intensifying competition among suppliers, and explains that capital-investment needs are also changing amid the COVID-19 pandemic. - FY2022-Q3ReframedAnnual report
「In the wire business, orders began to recover from the decline caused by the spread of COVID-19, although construction-related and electrical distribution-related business remained on an overall downward trend.」
While recovery from the decline in orders is indicated, construction-related and electrical distribution-related business is described as being on an overall downward trend, presenting domestic-demand recovery alongside weakness in specific sectors. - FY2022-Q2RestatedAnnual report
「Restrictions on social and economic activity to prevent the spread of COVID-19 continued. The economy declined under the impact of restrictions on the delivery of materials caused by traffic controls for the Olympic and Paralympic Games in the Kanto region, while corporate exports and production activity declined, and the operating environment remained severe.」
The disclosure states that the domestic economy remains in decline, exports and production activity continue to decrease, and the operating environment remains severe. Meanwhile, orders in the wire business are gradually recovering. - FY2021WorsenedAnnual report
「In the wire business, sales and profit are significantly affected by copper prices, the main raw-material cost, and competition among suppliers is intensifying as domestic demand contracts. The immediate issues are to focus on developing high-value-added wire products, continue strengthening the business foundation of the total-solutions business to reinforce the stable operating base, and pursue sustainable management.」
In addition to the structural risks of shrinking domestic demand and intensifying competition, the impact of copper prices is again explicitly identified as an issue. - FY2021-Q3WorsenedAnnual report
「During the nine-month period ended the third quarter, the Japanese economy declined sharply due to the impact of the spread of COVID-19. The operating environment remained severe, with corporate exports and production activity declining.」
The disclosure states that, in addition to the sharp economic downturn, corporate exports and production activity continue to decline, and that the difficult domestic demand environment persists. - FY2021-Q2RestatedAnnual report
「During the six-month period ended the second quarter, the Japanese economy declined sharply as social and economic activity was restricted to prevent the spread of COVID-19. The operating environment remained severe, with corporate exports and production activity declining.」
The disclosure states that a severe operating environment continues in the domestic demand environment, accompanied by declines in exports and production activity. - FY2021-Q1WorsenedAnnual report
「During the three-month period ended the first quarter, the Japanese economy declined sharply as social and economic activity was restricted to prevent the spread of COVID-19. The effects of the consumption-tax increase also continued, and the operating environment remained severe.」
The description of the domestic demand environment has deteriorated, shifting from the previous reference to a recovery trend in the domestic economy to a sharp downturn caused by the spread of COVID-19 and restrictions on social and economic activity. - FY2020WorsenedAnnual report
「In the wire business, competition among suppliers is intensifying as domestic demand contracts, while sales and profit are significantly affected by copper prices, the main raw-material cost.」
Unlike the previous explanation of a recovery trend in the domestic economy, the annual discussion of issues to be addressed again explicitly identifies shrinking domestic demand and intensifying competition among suppliers. - FY2020-Q3RestatedAnnual report
「The economy remained on a gradual recovery trend, supported by expanding domestic corporate earnings and improving employment conditions, as well as the government's productivity-revolution initiatives, infrastructure development measures to improve productivity, and labor-saving capital investment to address labor shortages.」
The disclosure continues to describe an economic recovery trend driven by improving domestic corporate earnings and employment conditions and labor-saving capital investment, and the expression of risk related to shrinking domestic demand has not intensified. - FY2020-Q2RestatedAnnual report
「During the six-month period ended the second quarter, the Japanese economy remained on a gradual recovery trend, supported by expanding domestic corporate earnings and improving employment conditions, as well as the government's productivity-revolution initiatives, infrastructure development measures to improve productivity, and labor-saving capital investment to address labor shortages.」
The disclosure describes an economic recovery trend driven by improving domestic corporate earnings and employment conditions and labor-saving capital investment, continuing the previous explanation that the risk of shrinking domestic demand had weakened. - FY2019-Q2SoftenedAnnual report
「In the wire business, market conditions for construction and electrical distribution applications are showing signs of recovery, although」
Market conditions for construction and electrical distribution applications are described as recovering, weakening the expression of risk related to shrinking domestic demand. However, other factors weighing on earnings, including lower sales of high-value-added products, are also described. - FY2019-Q1SoftenedAnnual report
「The economy remained solid, supported by improving domestic employment and corporate earnings, rising domestic demand ahead of the 2020 Tokyo Olympic Games, and inbound demand.」
Unlike the previous references to shrinking domestic demand and intensifying competition, the economy is described as solid on the back of stronger domestic demand and inbound demand, weakening the expression of weakness in domestic demand. - FY2018WorsenedAnnual report
「In the wire business, competition among suppliers is intensifying as domestic demand contracts, while sales and profit are significantly affected by copper prices, the main raw-material cost.」
Compared with the descriptions through the previous quarter of recovering and solid construction and electrical distribution demand, the annual discussion of the operating environment explicitly identifies shrinking domestic demand and intensifying competition, strengthening the expression of structural risks. - FY2018-Q3SoftenedAnnual report
「The construction and electrical distribution sectors, the main demand sectors for copper wire, remained solid and above the previous year.」
The construction and electrical distribution sectors remained solid and above the previous year, and the expression of risk related to shrinking domestic demand remains weak. - FY2018-Q2SoftenedAnnual report
「Overall, the trend remained above the previous year, with the construction and electrical distribution sectors, the main demand sectors for copper wire, showing moderate growth.」
As the domestic construction and electrical distribution sectors grew and overall wire demand moved above the previous year, the expression of risk related to shrinking domestic demand has weakened further. No change is described regarding competition among suppliers. - FY2018-Q1SoftenedAnnual report
「Overall domestic demand remained on a gradual recovery trend, with the construction and electrical distribution sectors, the main demand sectors for copper wire shipments, showing moderate growth.」
Unlike the previous wording indicating a contraction in domestic demand, the disclosure now describes growth in the construction and electrical distribution sectors and an overall recovery in domestic demand, weakening the expression of domestic-demand risk. No change is described regarding competition among suppliers. - FY2017First statedAnnual report
「In the Wire Business, competition among industry participants is intensifying as domestic demand contracts, while sales and profit are significantly affected by copper prices, the principal raw material.」
The company clearly identifies declining domestic demand, intensifying competition among industry participants, and performance fluctuations caused by copper prices as structural challenges and risks for the Wire Business.