Declining Selling Prices and Intensifying Price Competition
First written in FY2016. 7 of 11 entries say "Restated". Latest entry: FY2027-H1.
The whole theme swung hardest in 2026: 38 of 85 companies on the "Worse" side.
107 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「In the Residential and Building Equipment business, new housing starts have been trending downward against a backdrop of population decline and rising prices, but we worked to curb unprofitable transactions resulting from intensifying competition, strengthen sales in the heating sector, and improve the efficiency of our business structure.」
We continue to monitor constraints on demand caused by population decline and rising prices, as well as intensifying competition, and have reconfirmed measures including the curtailment of unprofitable transactions. - FY2026-H1WorsenedAnnual report
「As the downward trend in new housing starts due to population decline and rising prices was expected to continue, we worked to curb unprofitable transactions caused by intensifying competition, strengthen sales in the heating sector, and improve the efficiency of our business structure.」
In addition to the downward trend in housing demand, unprofitable transactions resulting from intensifying competition are explicitly identified as an issue, and the company states that they need to be curtailed. - FY2024RestatedAnnual report
「Each of our Group's businesses faces intense competition from competitors, and if we cannot secure an advantage over other companies in terms of quality, performance, transaction terms or other factors, this may affect our operating results and financial position.」
Competition with other companies and the need to maintain an advantage through quality, performance and transaction terms continue to be identified as risks. - FY2022WorsenedAnnual report
「New housing starts are trending downward, demand for existing products has stagnated or declined, and price competition with rival manufacturers continues amid requests for cost reductions.」
The company explicitly identifies continued price competition driven by requests for cost reductions, in addition to stagnant or declining demand, in its housing equipment business. - FY2021RestatedAnnual report
「Each of our Group's businesses faces intense competition from competitors, and if we cannot secure an advantage over other companies in terms of quality, performance, transaction terms or other factors, this may affect our operating results and financial position.」
This reconfirms intense competition with competitors and the impact on results if a competitive advantage cannot be secured. - FY2019-Q3RestatedAnnual report
「However, due to the maturation of new products, intensifying competition with major manufacturers and higher raw material costs, sales declined 1.1% year on year to ¥18,523 million and ordinary profit declined 11.1% to ¥1,926 million.」
This reconfirms that the maturation of new products, intensifying competition with major manufacturers and higher raw material costs are affecting results. - FY2019-Q2RestatedAnnual report
「However, due to the maturation of new products, intensifying competition with major manufacturers and higher raw material costs, sales declined 2.3% year on year to ¥11,940 million and ordinary profit declined 17.1% to ¥1,172 million.」
This reconfirms that the maturation of new products, intensifying competition with major manufacturers and higher raw material costs are affecting results. - FY2019-Q1WorsenedAnnual report
「However, due to the maturation of new products, intensifying competition with major manufacturers and higher raw material costs, sales declined 2.9% year on year to ¥5,488 million and ordinary profit declined 24.3% to ¥482 million.」
Intensifying competition with major manufacturers is explicitly identified as a factor affecting results, indicating a more challenging competitive sales environment. - FY2018RestatedAnnual report
「We are promoting company-wide efforts to offset the impact of lower selling prices through cost reductions, including improvements in production technology, but depending on price trends, this may affect our operating results and financial position.」
This reiterates the risk of lower selling prices and the policy of offsetting it through improvements in production technology and cost reductions. - FY2017RestatedAnnual report
「We are promoting company-wide efforts to offset the impact of lower selling prices through cost reductions, including improvements in production technology, but depending on price trends, this may affect our operating results and financial position.」
This reiterates the risk of lower selling prices and the policy of offsetting it through cost reductions. - FY2016First statedAnnual report
「The business environment in which our Group operates remains challenging. We are promoting company-wide efforts to offset the impact of lower selling prices through cost reductions, including improvements in production technology, but depending on price trends, this may affect our operating results and financial position.」
This describes the need to absorb lower selling prices through cost reductions and the limits of that approach.