Price competition with low-priced products from China, Europe and elsewhere
First written in FY2017. 9 of 17 entries say "Materialised", first in FY2018-Q1. Latest entry: FY2026.
Tenryu Saw Mfg. moved to the "Worse" side of this theme in 2019, 5 years before the typical company in this theme (2024).
The whole theme swung hardest in 2024: 2 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In recent years, price competitiveness has become an important factor determining competitive advantage, and price competition with competitors has intensified further in the Japanese, Chinese, Asian, European and US markets. The Group is working to improve profitability through ongoing cost reductions, productivity improvements and other measures, but the competitive environment remains challenging.」
Explicitly states that price competition has intensified further in the Japanese, Chinese, Asian, European and US markets, and continues to describe the competitive environment as challenging. - FY2025WorsenedAnnual report
「Pressure from the market to lower prices has intensified further. In addition to elevated raw material prices, energy costs and labor costs, the impact of the tariff policies of the US Trump administration may cause these price trends to have a material adverse effect on the Group's operating results and financial condition.」
States that pressure to lower prices has intensified further, and cites US tariff policies as an additional factor alongside elevated raw material and energy prices and labor costs. - FY2024WorsenedAnnual report
「In response to this price competition, the Group is working to achieve ongoing cost reductions and improve profitability, but pressure from the market to lower prices continues to intensify, while raw material and energy prices and labor costs are also elevated.」
In addition to increasingly fierce price competition, the disclosure cites pressure to lower prices and elevated raw material and energy prices and labor costs, broadening the range of risk factors. It also describes a decline in sales due to price competition in Europe. - FY2024-Q2MaterialisedAnnual report
「⑤ Europe Sales of carbide-tipped saw blades for metal declined, mainly due to intensifying price competition, and net sales were ¥426 million, down 2.3% year on year.」
In Europe, intensifying price competition was reflected in the results as the main factor behind the decline in sales of carbide-tipped saw blades for metal and the 2.3% year-on-year decline in net sales. - FY2022WorsenedAnnual report
「In response to this price competition, the Group is promoting ongoing cost-reduction measures and working to improve profitability, but pressure from the market to lower prices continues to intensify while raw material prices remain elevated.」
Describes price competition with industry peers in Japan, China, Asia, Europe and the United States as "extremely fierce," with higher raw material prices compounding the existing pressure to lower prices. - FY2021-Q3MaterialisedAnnual report
「Sales of carbide-tipped saw blades for housing materials remained firm, but sales of carbide-tipped saw blades for metal declined. As a result, net sales were ¥1,159 million, down 10.4% year on year, and segment profit (operating profit), also affected by intensifying price competition and other factors, was ¥101 million, down 29.2% year on year.」
States that intensifying price competition and other factors were cited as factors behind the decline in segment profit in the United States, where segment profit fell 29.2% year on year. The impact of price competition risks on operating results continues. - FY2021-Q2MaterialisedAnnual report
「Sales of carbide-tipped saw blades for housing materials remained firm, but sales of carbide-tipped saw blades for metal declined. As a result, net sales were ¥791 million, down 12.1% year on year, and segment profit (operating profit), also affected by intensifying price competition and other factors, was ¥63 million, down 37.6% year on year.」
States that intensifying price competition and other factors were cited as factors behind the decline in segment profit in the United States, where segment profit fell 37.6% year on year. - FY2021-Q1MaterialisedAnnual report
「On the profit side, amid intensifying price competition and other factors, segment profit (operating profit) was ¥39 million, down 7.7% year on year.」
In the United States, intensifying price competition and other factors contributed to a 7.7% year-on-year decline in segment profit, and the impact of price competition risks on operating results continues. - FY2020WorsenedAnnual report
「In response to this price competition, we are promoting ongoing cost-reduction measures and working to improve profitability. However, pressure from the market to lower prices continues to intensify, and these price trends may adversely affect the Group's operating results and financial condition.」
Describes price competition among companies in Japan, China, Taiwan, Europe and the United States as fierce, and states that market pressure to lower prices is intensifying. In the United States, segment profit declined 8.4% due to intensifying price competition and other factors. - FY2020-Q3MaterialisedAnnual report
「Due to intensifying price competition and other factors, segment profit (operating profit) was ¥142 million, down 12.6% year on year.」
In the United States, intensifying price competition and other factors contributed to a 12.6% year-on-year decline in segment profit, indicating that the risk of price competition with low-priced products and others is affecting operating results. - FY2020-Q2MaterialisedAnnual report
「On the profit side, amid intensifying price competition and other factors, segment profit (operating profit) was ¥102 million, down 5.7% year on year.」
In the United States, intensifying price competition and other factors contributed to a 5.7% year-on-year decline in segment profit, indicating that the risk of price competition with low-priced products and others is affecting operating results. - FY2020-Q1MaterialisedAnnual report
「On the profit side, amid intensifying price competition and other factors, segment profit (operating profit) was ¥43 million, down 26.5% year on year.」
In the United States, intensifying price competition and other factors contributed to a 26.5% year-on-year decline in segment profit, indicating that the risk of price competition with low-priced products and others is affecting operating results. - FY2019MaterialisedAnnual report
「Due to intensifying price competition and higher depreciation expenses resulting from capital investment, segment profit (operating profit) was ¥780 million, down 9.5% year on year.」
In the Japan segment, intensifying price competition contributed to a 9.5% year-on-year decline in operating profit, indicating that the risk of price competition with low-priced products and others is affecting operating results. Segment profit in the United States also declined 15.1% due to intensifying price competition and other factors. - FY2018RestatedAnnual report
「In recent years, the entry of low-priced products, particularly from China and Europe, into the market has become increasingly pronounced. Our Group's products currently have a quality advantage, but price competition with low-priced products may intensify in the future. Future price competition may adversely affect the Group's operating results and financial condition.」
Reiterates the risk of intensifying price competition arising from the entry of low-priced products from China and Europe. - FY2018-Q2RestatedAnnual report
「Sales of carbide-tipped saw blades for metal remained firm, but amid intensifying price competition, net sales were ¥363 million, up 19.9% year on year, and segment profit (operating profit) was ¥29 million, down 2.3% year on year.」
States that intensifying price competition in Europe continued to be a factor behind the decline in segment profit. - FY2018-Q1MaterialisedAnnual report
「Sales of metal-cutting circular saws remained firm, but amid intensifying price competition and the impact of depreciation in local currencies, net sales rose 9.0% year on year to ¥174 million, while segment profit (operating income) fell 25.2% to ¥13 million.」
In Europe, intensifying price competition actually contributed to a 25.2% year-on-year decline in segment profit, indicating that the risk of price competition with low-priced products and others is affecting operating results. - FY2017First statedAnnual report
「In recent years, the entry of low-priced products, particularly from China and Europe, into the market has become increasingly pronounced. Our Group's products currently have a quality advantage, but price competition with low-priced products may intensify in the future. Future price competition may adversely affect the Group's operating results and financial condition.」
Identifies the market entry of low-priced products from China and Europe as a risk, along with the potential intensification of price competition and adverse effects on operating results and financial condition.