Intensifying domestic and overseas competition and declining market prices
First written in FY2017. 2 of 5 entries say "Restated". Latest entry: FY2026.
Tokyo Rope Mfg. moved to the "Worse" side of this theme in 2025, 6 years after the typical company in this theme (2019).
The whole theme swung hardest in 2026: 36 of 84 companies on the "Worse" side.
27 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Segment net sales were ¥4,750 million, down 13.9% from the previous consolidated fiscal year, due to the impact of lower selling prices for tire steel cord.」
Falling selling prices for steel cord used in tires became an actual factor behind lower revenue, reflecting the impact of competition and declining market prices. - FY2026-H1WorsenedAnnual report
「Sales volume of tire steel cord declined as some overseas products entered the market, resulting in segment net sales of ¥2,403 million, down 17.5% year on year.」
The entry of some overseas products appeared as a decline in sales volume, and intensifying domestic and overseas competition contributed to lower revenue in the steel cord business. - FY2020RestatedAnnual report
「The competitive environment surrounding the Group's domestic and overseas production and sales activities is becoming increasingly severe. While pursuing ongoing cost reductions, the Group is also developing new products and expanding into new businesses. However, declining market prices may affect the Group's financial position and operating results.」
The company again describes the risks from domestic and overseas competition and declining market prices, together with its response through cost reductions, new product development, and new business expansion. - FY2018RestatedAnnual report
「The competitive environment surrounding the Group's domestic and overseas production and sales activities is becoming increasingly severe.」
The company continues to describe the severity of domestic and overseas competition and the risk of an impact on performance from declining market prices. - FY2017First statedAnnual report
「The competitive environment surrounding the Group's domestic and overseas production and sales activities is becoming increasingly severe. While pursuing ongoing cost reductions, the Group is also developing new products and expanding into new businesses. However, declining market prices may affect the Group's financial position and operating results.」
The company identified intensifying competition and declining market prices as risks, and cited cost reductions, new product development, and new business expansion as countermeasures.