Price competition in contracting
First written in FY2016. 2 of 5 entries say "Restated". Latest entry: FY2021.
Mitsubishi Kakoki moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 28 of 53 companies on the "Worse" side.
7 other companies' latest entry also says "Materialised".
- FY2021MaterialisedAnnual report
「There were also lost orders due to intense competition for orders. In particular, orders for various plants and equipment for private-sector customers declined substantially to ¥21,309 million, down 58.3% from the previous fiscal year, when they were ¥51,081 million.」
It states that intense competition for orders resulted in lost orders and a substantial decline in orders received by the engineering business. - FY2019MaterialisedAnnual report
「Some planned plant projects in Japan and overseas did not result in orders because of intensifying price competition, customer project postponements, and other factors.」
It specifically stated that intensifying price competition resulted in plant projects not being secured and contributed to the failure to meet the targets of the previous medium-term management plan. - FY2018RestatedAnnual report
「The Group's orders are primarily based on contracts, and amid intensifying price competition, failure to maintain a price advantage over competitors could adversely affect the Group's business performance and financial position.」
The risk of price competition in contracting continues to be disclosed. - FY2017RestatedAnnual report
「The Group's orders are primarily based on contracts, and amid intensifying price competition, failure to maintain a price advantage over competitors could adversely affect the Group's business performance and financial position.」
The risk of price competition in contracting continues to be disclosed with the same content. - FY2016First statedAnnual report
「Amid intensifying price competition, failure to maintain a price advantage over competitors could adversely affect the Group's business performance and financial position.」
Price competition risk in a business model centered on contracting.