Declining Market Share of Japanese Business Partners in China
First written in FY2025-H1. 5 of 6 entries say "Worsened", first in FY2025. Latest entry: 2026-08-07.
Sanoh Industrial moved to the "Worse" side of this theme in 2025, 1 year after the typical company in this theme (2024).
The whole theme swung hardest in 2025: 6 of 8 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- 2026-08-07WorsenedEarnings
「Revenue declined 26.6% year on year to ¥188.8 million because, in addition to the liquidation of a subsidiary’s business, weak sales to Japanese customers continued.」
China revenue declined because of the liquidation of the subsidiary’s business and continued weak sales to Japanese customers, while the operating loss widened from the same period of the previous year. - FY2026WorsenedAnnual report
「Revenue was ¥10,988 million, down 15.6% year on year, due to continued weak sales at Japanese-affiliated customers and the withdrawal from certain businesses.」
Weak sales at Japanese-affiliated customers in China continued, and revenue fell 15.6% due in part to the withdrawal from certain businesses. - 2026-05-28WorsenedEarnings presentation
「Revenue declined as weak sales to Japanese customers continued.」
In China, weak sales to Japanese customers and lower revenue continued. Although the operating deficit narrowed, sales-related risks remained. - FY2026-H1WorsenedAnnual report
「China: Revenue was ¥5,194 million, down 15.4% year on year, as weak sales at Japanese-affiliated customers accelerated. Although lower sales reduced operating profit, reductions in personnel expenses from workforce restructuring since the previous fiscal year and lower depreciation and amortisation following the impairment loss on fixed assets recorded in the previous fiscal year resulted in an operating loss of ¥314 million, compared with an operating loss of ¥486 million in the same period of the previous fiscal year.」
In China, weak sales at Japanese-affiliated customers accelerated, resulting in a 15.4% decline in revenue. The operating loss narrowed from ¥486 million to ¥314 million due to workforce restructuring and lower depreciation and amortisation, but the business remained in the red. - FY2025WorsenedAnnual report
「Revenue fell significantly to ¥13,012 million, down 26.4% year on year, as weak sales at Japanese-affiliated customers continued. In terms of profit, in addition to lower profit resulting from the substantial decline in revenue, higher fixed costs including severance payments associated with workforce reductions resulted in an operating loss of ¥963 million, compared with operating profit of ¥824 million in the previous fiscal year.」
Weak sales at Japanese-affiliated customers in China continued for the full year, with revenue down 26.4% and operating profit turning from a profit into an operating loss. - FY2025-H1First statedAnnual report
「Although the acceleration in the decline in the share of Japanese-affiliated customers in China resulted in lower sales,」
The acceleration in the decline in the share of Japanese-affiliated customers in China was identified for the first time as a factor leading to lower sales and an operating loss.