Decline in Gross Profit Due to Intensifying Competition in the Chinese Market and Pricing Strategy
First written in FY2024-H1. 1 of 2 entries say "Worsened", first in FY2024. Latest entry: FY2024.
Seibu Giken 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.
10 other companies' latest entry also says "Worsened".
- FY2024WorsenedAnnual report
「In China, where exhaust-gas regulations are stringent and demand is strong, many low-priced products from local manufacturers have been launched, increasing competition.」
The annual report identifies the launch of low-priced products by local manufacturers and increased competition in China as risks. - FY2024-H1First statedAnnual report
「Operating income was ¥1,630 million, down 24.4% year on year, mainly because gross profit declined due to lower sales of desiccant dehumidifiers to China and the impact of pricing strategies addressing intensifying competition in the Chinese market.」
The impact of pricing strategies in response to intensifying competition in China appeared in actual results as lower gross profit and a 24.4% decline in operating income.