Intensifying Competition and Downward Price Pressure for Ship Exhaust Gas Valves
First written in FY2021-Q3. 8 of 17 entries say "Materialised", first in FY2022-Q1. Latest entry: 2026-08-14.
OKUMURA ENGINEERING corp. moved to the "Worse" side of this theme in 2021, 2 years after the typical company in this theme (2019).
The whole theme swung hardest in 2026: 41 of 85 companies on the "Worse" side.
34 other companies' latest entry also says "Worsened".
- 2026-08-14WorsenedEarnings
「In valves for ship exhaust systems, revenue increased even as demand expanded against a backdrop of tighter environmental regulations and competition with overseas manufacturers intensified, as customers highly valued the Company's product development capabilities and extensive delivery record built up over the years.」
The disclosure states that competition with overseas manufacturers is becoming more intense, indicating a heightened competitive risk. At the same time, revenue increased due to the Company's product development capabilities and delivery record. - FY2026RestatedAnnual report
「Price Competition Risk」
The Group continues to identify the risk of price competition caused by increasing competition and downward pricing pressure as a major risk across its entire business, including customized products, and outlines responses involving R&D, design reviews and productivity improvements. - 2026-05-15MaterialisedEarnings presentation
「In South Korea, sales of valves for ship exhaust systems are trending downward as overseas competitors apply pricing pressure.」
Pricing pressure from overseas competitors has resulted in lower sales of valves for ship exhaust systems in South Korea. - FY2025RestatedAnnual report
「Despite continued aggressive pricing by overseas competitors, sales of valves for marine exhaust systems increased significantly, supported by expanding demand, the Group’s extensive delivery track record and the recognition received for its support structure.」
The report states that overseas competitors continued their aggressive pricing, while sales increased significantly due to expanding demand and the recognition received for the Group’s delivery track record and support structure. - FY2025-H1RestatedAnnual report
「Although overseas competitors continued their aggressive pricing of valves for marine exhaust systems, sales remained firm, supported by expanding demand, the Group’s extensive track record of deliveries and the recognition it has received for its support structure.」
The report states that overseas competitors continued their aggressive pricing. Meanwhile, sales remained firm as the Group benefited from expanding demand, its extensive delivery track record and the recognition received for its support structure. - FY2024MaterialisedAnnual report
「Sales of valves for marine exhaust systems were somewhat sluggish, partly because competitors continued their aggressive pricing.」
The report states that competitors’ aggressive pricing directly affected sales of valves for marine exhaust systems during the fiscal year, resulting in somewhat sluggish sales. - FY2024-Q3MaterialisedAnnual report
「Sales of valves for marine exhaust systems declined slightly, despite the increasing proportion of vessels being built to comply with environmental regulations, including the Tier III nitrogen oxide regulations (NOx Tier III), partly due to the impact of competitors’ aggressive pricing.」
The report states that competitors’ aggressive pricing directly affected sales of valves for marine exhaust systems, resulting in a slight decline. The increasing proportion of vessels being built to comply with environmental regulations is cited as a supporting factor. - FY2024-Q2RestatedAnnual report
「Although competitors continued their aggressive pricing of valves for marine exhaust systems, sales remained firm, supported by the increasing proportion of vessels being built to comply with environmental regulations, including the Tier III nitrogen oxide regulations (NOx Tier III).」
The company reconfirmed the risk of competition and pricing pressure, noting that competitors’ aggressive pricing continues. Meanwhile, sales to vessels complying with environmental regulations remained firm. - FY2024-Q1RestatedAnnual report
「Although competitors continued their aggressive pricing of valves for marine exhaust systems, sales remained firm, supported by the increasing proportion of vessels being built to comply with environmental regulations, including the Tier III nitrogen oxide regulations (NOx Tier III).」
The company reconfirmed the existing risk of competition and pricing pressure, noting that competitors’ aggressive pricing continues. Meanwhile, sales to vessels complying with environmental regulations remained firm. - FY2023ReframedAnnual report
「Price competition risk: The Group is focusing on customized products and seeking to expand its business by meeting customers’ detailed requirements, but faces a number of competitors. If the number of competitors increases further and downward pricing pressure intensifies, the Group may become caught in price competition.」
The risk has been reframed from the specific risk of competition and price-cutting pressure in valves for marine exhaust systems to the broader risk of price competition across the entire business, including customized products. - FY2023-Q1MaterialisedAnnual report
「Revenue from marine exhaust-gas valves remained somewhat sluggish due to the decline in selling prices accompanying the emergence of competitors, among other factors, but orders remained firm as the proportion of vessels built to meet environmental regulations continued to increase.」
Although the decline in selling prices accompanying the emergence of competitors continued to weigh on first-quarter revenue, orders remained firm. - FY2022MaterialisedAnnual report
「On the earnings front, lower revenue caused by the economic downturn resulting from COVID-19 weighed on profit. Although selling, general and administrative expenses were reduced, the decline in selling prices for marine exhaust-gas valves due to the emergence of competitors, higher manufacturing expenses and other factors resulted in operating income of ¥662.532 million, down 34.4% year on year.」
The company stated that the decline in selling prices due to the emergence of competitors, together with higher manufacturing expenses and other factors, weighed on operating income, which declined 34.4% year on year. - FY2022-Q3MaterialisedAnnual report
「On the earnings front, lower revenue caused by the economic downturn resulting from COVID-19 weighed on profit. In addition, pricing pressure on marine exhaust-gas valves due to the emergence of competitors and higher manufacturing expenses resulted in operating income of ¥452.111 million, down 50.6% year on year.」
The company stated that pricing pressure on selling prices resulting from the emergence of competitors, together with higher manufacturing expenses and other factors, weighed on operating income, which declined 50.6% year on year. - FY2022-Q2MaterialisedAnnual report
「On the earnings front, operating income fell to ¥248.276 million, down 65.6% year on year, as the economic downturn caused by COVID-19 and pricing pressure on marine exhaust-gas valves due to the emergence of competitors weighed on performance, while depreciation expenses associated with establishing new domestic and overseas locations and various expenses, including salaries and allowances, increased.」
The company stated that the emergence of competitors and pricing pressure on selling prices continued to weigh on actual performance, resulting in a 65.6% year-on-year decline in operating income. - FY2022-Q1MaterialisedAnnual report
「Although the marine exhaust-gas valve business was affected by pricing pressure on selling prices as competitors gained ground, it performed steadily as the proportion of vessels built to meet environmental regulations increased.」
The company stated that the previously anticipated emergence of competitors and pricing pressure on selling prices actually affected performance during the quarter. - FY2021RestatedAnnual report
「Although the marine exhaust-gas valve business has been performing well, we expect the emergence of competitors and the resulting pricing pressure on selling prices to affect business performance.」
The emergence of competitors and pricing pressure on selling prices continue to be identified as risks to business performance. - FY2021-Q3First statedAnnual report
「Pricing pressure on marine exhaust-gas valves has been intensifying as competitors gain ground, and we expect the impact on business performance to emerge mainly from the fiscal year ending March 2022.」
The company expects the emergence of competitors and pricing pressure on selling prices to intensify, with the impact on business performance emerging from the fiscal year ending March 2022.