Risk of order competition arising from domestic-market dependence and domestic and overseas competitors
First written in FY2018. 5 of 8 entries say "Restated". Latest entry: FY2024-Q3.
Shibuya moved to the "Worse" side of this theme in 2024, 5 years after the typical company in this theme (2019).
The whole theme swung hardest in 2020: 29 of 54 companies on the "Worse" side.
7 other companies' latest entry also says "Materialised".
- FY2024-Q3MaterialisedAnnual report
「Although sales of cutting machines declined due to sluggish domestic demand in the metalworking industry」
The risk associated with reliance on the domestic market and customers’ capital investment materialised in the decline in cutting machine sales caused by sluggish domestic demand in the metalworking industry. - FY2023RestatedAnnual report
「As a result, revenue was ¥57.410 billion, up 10.9% year on year. In terms of profit and loss, amid continued increases in raw material prices, intense price competition with European competitors arose on some large overseas plant projects, resulting in operating profit of ¥7.166 billion, down 32.2% year on year.」
On large overseas plant projects, price competition with European competitors continued amid rising raw material prices, and operating profit declined despite higher revenue. - FY2023-Q3RestatedAnnual report
「As a result, revenue was ¥39.714 billion, up 9.4% year on year. In terms of profit and loss, amid continued increases in raw material prices, intense price competition with European competitors arose on some large overseas plant projects, resulting in operating profit of ¥5.323 billion, down 27.7% year on year.」
As in the previous quarter, price competition with European competitors arose on large overseas plant projects amid rising raw material prices, and operating profit fell 27.7% year on year despite higher revenue. - FY2023-Q2RestatedAnnual report
「As a result, revenue was ¥24.910 billion, up 10.3% year on year. In terms of profit and loss, amid continued increases in raw material prices, intense price competition with European competitors arose on some large overseas plant projects, resulting in operating profit of ¥2.513 billion, down 42.9% year on year.」
As in the previous quarter, price competition with European competitors arose on large overseas plant projects, while raw material prices continued to rise. Operating profit therefore fell 42.9% despite higher revenue. - FY2023-Q1MaterialisedAnnual report
「As a result, revenue was ¥10.743 billion, up 14.8% year on year. In terms of profit and loss, amid continued increases in raw material prices, intense price competition with European competitors arose on some large overseas plant projects, resulting in unprofitable projects. Operating profit therefore fell 62.1% year on year to ¥573 million.」
The risk of competition for orders from domestic and overseas manufacturers materialised in the form of price competition with European competitors on some large overseas plant projects, resulting in unprofitable projects and a 62.1% decline in operating profit. - FY2021RestatedAnnual report
「The Group comprises 3 businesses: the Packaging Plant Business, Mechatronics Systems Business and Agricultural Equipment Business. All businesses are affected by trends in customers’ capital investment. Some customers operate in industries subject to legal regulations, such as pharmaceuticals and medical equipment.」
The Company reiterates the risk that changes in customer capital investment, economic and market conditions, or legal regulations may affect business performance, as well as the mutual-complementation structure of the 3 businesses. - FY2020RestatedAnnual report
「All businesses are affected by trends in customers’ capital investment. Some customers operate in industries subject to legal regulations, such as pharmaceuticals and medical equipment. Although the factors causing fluctuations in the performance of the 3 businesses are independent of one another and the structure enables the businesses to complement each other, unexpected changes in the external environment, including rapid changes in economic conditions or the market environment and changes in legal regulations in individual industries, could affect the Group’s business performance.」
The Company describes the risk that sharp changes in customer capital investment, economic and market conditions, or legal regulations may affect business performance, as well as the mutual-complementation structure of the 3 businesses. - FY2018First statedAnnual report
「Approximately 70% of sales of the Group’s products are generated in the domestic Japanese market, and sales are significantly affected by trends in private-sector capital investment. In this environment, the Group faces intense competition for orders from manufacturers in Japan and overseas, and certain transaction terms and other factors could adversely affect its business performance.」
The Company states that approximately 70% of sales are generated in the domestic market, and that private-sector capital investment and competition for orders from domestic and overseas competitors may affect business performance.