Price Competition in the Container Market and Customer Insourcing
First written in FY2016. 6 of 10 entries say "Restated". Latest entry: FY2022.
Toyo Seikan Group Holdings moved to the "Worse" side of this theme in 2017, 5 years before the typical company in this theme (2022).
2 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「Intensifying price competition with competitors and the continued expansion of in-house container production by major customers raise concerns that the Group's negotiating power over prices will decline and the downward trend in product prices will intensify.」
Price competition and customers' in-house production of containers continue to be identified as major risks. - FY2022-Q3RestatedAnnual report
「In response to the shift from plastic containers to containers made from other materials prompted by the marine plastic waste problem, sales of can-making and can-lid-making machinery increased as global demand for beverage cans grew.」
The company explains that the continuing shift from plastic containers to containers made from other materials led to higher demand for beverage cans and increased sales of can-making and can-lid-making machinery. - FY2022-Q2RestatedAnnual report
「Sales exceeded the same period of the previous year as beverage cups, which had declined sharply in the previous year due to measures such as restrictions on going out amid the spread of COVID-19, increased on a rebound, while bento containers for convenience stores and other products performed well amid the shift from plastic containers to containers made from other materials prompted by the marine plastic waste problem.」
The market shift from plastic containers to containers made from other materials is continuing, while bento containers made from other materials and similar products performed well. - FY2021-Q3RestatedAnnual report
「In response to the recent shift from plastic containers to containers made from other materials, prompted by the marine plastic waste problem, the company received new orders for products including bento containers for convenience stores.」
The company describes the market shift from plastic containers to containers made from other materials. It also reports new orders, but indicates no material change in the risks themselves from price competition and customer insourcing. - FY2020WorsenedAnnual report
「The business environment surrounding the Group is becoming increasingly challenging, as the domestic market for packaging containers is not expected to expand, while labor and logistics costs are rising due to labor shortages and customers are expanding in-house production of PET bottles for beverages.」
The company explicitly cites the lack of expected domestic market growth and rising labor and logistics costs, reinforcing its assessment of the difficult environment for the domestic container business, including price competition and customer insourcing. - FY2019-Q1RestatedAnnual report
「The business environment has become increasingly challenging in recent years due to the shrinking domestic market associated with the declining birth rate and ageing population, intensifying competition with competitors, and higher material and energy prices.」
In explaining the background to making Toyo Kohan a wholly owned subsidiary, the company reconfirms the difficult operating environment resulting from the shrinking domestic market, intensifying competition, and rising material and energy prices. - FY2018RestatedAnnual report
「Intensifying price competition with competitors and the continued expansion of in-house container production by major customers raise concerns that the Group's negotiating power over prices will decline and the downward trend in product prices will intensify.」
The company continues to identify price competition and customers' in-house container production as risks to its domestic packaging container business. - FY2018-Q3WorsenedAnnual report
「The business environment has become increasingly challenging in recent years due to the shrinking domestic market associated with the declining birth rate and ageing population, intensifying competition with competitors, and higher material and energy prices.」
In explaining the background to the tender offer for Toyo Kohan Co., Ltd., the company indicated that the business environment was becoming increasingly challenging due to the shrinking domestic market, intensifying competition, and higher material and energy prices. - FY2017WorsenedAnnual report
「As the domestic packaging container market is not expected to expand, the business environment for domestic packaging container manufacturers is becoming increasingly challenging, with customers expanding in-house production of beverage PET bottles and other developments.」
In addition to the existing challenges of price competition and customer in-house production, the company indicates that the domestic market is not expected to expand and explicitly characterises the domestic business environment as increasingly challenging. - FY2016First statedAnnual report
「Intensifying price competition with competitors and the continued expansion of in-house container production by major customers」
The company cites concerns about declining negotiating power over prices and falling product prices.