Loss of competitive advantage due to competing products and price competition
First written in FY2016. 7 of 14 entries say "Worsened", first in FY2019-Q1. Latest entry: 2026-10-30.
Pegasus moved to the "Worse" side of this theme in 2026, 3 years after the typical company in this theme (2023).
The whole theme swung hardest in 2026: 7 of 10 companies on the "Worse" side.
11 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The impact has become apparent in China and Vietnam.」
In addition to price competition with manufacturers in emerging countries, the impact of structural price declines and requests to lower selling prices in China and Vietnam in the Automotive business has become apparent. - 2026-05-20WorsenedResults presentation
「依然として続く中国自動車メーカーからの部品値下げ圧力。」
中国自動車メーカーからの部品値下げ圧力が継続し、競争・価格圧力がオートモーティヴ事業の原価増加要因となっている。 - FY2025RestatedAnnual report
「In addition, if prices for affordable products from manufacturers in emerging countries continue to decline and the company becomes caught up in price competition, this could affect our corporate group’s financial position and operating results.」
Competition with other companies in the industry, lower prices from manufacturers in emerging countries, and downward price pressure in the Automotive business remain competition risks. - FY2024RestatedAnnual report
「In the industrial sewing machine business, many of the products manufactured and sold by our corporate group compete with similar products offered by other companies in the industry. If the competitive advantage of our corporate group’s products declines, this could affect our corporate group’s financial position and operating results.」
Competition with other companies in the industry, lower prices from manufacturers in emerging countries, and downward price pressure in the Automotive business remain competition risks. - FY2022MitigatedAnnual report
「The business alliance with JUKI CORPORATION entered into last year has also produced results.」
The company discloses that the business alliance with JUKI CORPORATION, introduced as a countermeasure against Chinese manufacturers’ advances, has produced results. This indicates the outcome of measures to strengthen competitiveness. - FY2021WorsenedAnnual report
「As a countermeasure against Chinese manufacturers that have been rapidly catching up with Japanese manufacturers, the company will make its response effective through strong cooperation with JUKI CORPORATION, a comprehensive industrial sewing machine manufacturer, as announced in the notice titled “Notice of the Execution of a Basic Agreement for a Business Alliance between ペガサスミシン製造株式会社 and JUKI CORPORATION” dated 26 April 2021.」
The company explicitly identifies Chinese manufacturers’ advances as a factor worsening the competitive environment. - FY2020RestatedAnnual report
「In addition, if prices for affordable products from manufacturers in emerging countries continue to decline and the company becomes caught up in price competition, this could have a significant impact on our corporate group’s financial position and operating results.」
Competition risks arising from improved quality of competing products and lower prices from manufacturers in emerging countries remain. - FY2019RestatedAnnual report
「In addition, if prices for affordable products from manufacturers in emerging countries continue to decline and the company becomes caught up in price competition, this could have a significant impact on our corporate group’s financial position and operating results.」
Competition risks arising from improved quality of competing products and lower prices from manufacturers in emerging countries remain. - FY2019-Q1WorsenedAnnual report
「Although the global economy is showing modest growth, destabilizing factors arising from trade policies centered on the United States and other factors remain unresolved. The movement to relocate or expand garment production bases remains sluggish, and competition among industry peers is intensifying.」
The company states that competition among industry peers is intensifying and explicitly identifies a worsening environment for the risk of losing competitive advantage due to competing products and price competition. - FY2018RestatedAnnual report
「In addition, if prices for affordable products from manufacturers in emerging countries continue to decline and the company becomes caught up in price competition, this could have a significant impact on our corporate group’s financial position and operating results.」
Competition risks arising from improved quality of competing products and lower prices from manufacturers in emerging countries remain. For die-cast parts, the company also plans to diversify its customer base and reduce costs. - FY2016First statedAnnual report
「If the quality of these products improves in the future and the competitive advantage of our corporate group’s products declines, this could affect sales performance.」
The company identifies competition from sewing machines, affordable products from manufacturers in emerging countries, and downward price pressure on die-cast parts.