Competition in FPD Technologies and Among Panel Manufacturers, with Price and Delivery-Time Pressure
First written in FY2016. 5 of 8 entries say "Worsened", first in FY2018. Latest entry: FY2021.
SK-Electronics moved to the "Worse" side of this theme in 2018.
1 other company's latest entry also says "Restated".
- FY2021RestatedAnnual report
「In the large-photomask market in which the Group operates, intense competition routinely arises between the Group and its competitors due to technological competition among its major customers, panel manufacturers, and pressure to reduce costs.」
The Company continues to disclose technological competition among panel manufacturers, pressure to reduce costs and an intense competitive environment involving other companies. - FY2020WorsenedAnnual report
「In the photomask market, competitors from China and South Korea made full-scale entries into the manufacture of photomasks for Generation 10 and later, intensifying price competition. In addition, Chinese panel manufacturers began prioritizing domestic suppliers.」
The disclosure cites the full-scale entry of Chinese and South Korean manufacturers into photomasks for Generation 10 and later, intensifying price competition and Chinese panel manufacturers' preference for domestic suppliers. - FY2020-Q3WorsenedAnnual report
「In addition to the shrinking market, intensifying competition from other manufacturers led to a substantial decline in orders for large photomasks, particularly those for Generation 10 and later, and worsened the product mix.」
For photomasks for Generation 10 and later, shrinking demand and intensifying competition from other manufacturers materialized as lower orders and a deterioration in the product mix. - FY2020-Q1WorsenedAnnual report
「Demand for Gen 10 and above photomasks began to recover, partly due to demand generated by the operation of newly built LCD panel factories in China. However, competition intensified with photomask manufacturers from South Korea and China that had entered the market last year.」
The Company explicitly disclosed intensifying competition in photomasks for Generation 10 and later from new entrants in South Korea and China. - FY2019WorsenedAnnual report
「Several competitors have entered the market for photomasks for Generation 10 and later. As a pioneer in the photomask industry, the Company will continue to differentiate itself by improving quality based on its long track record and technical expertise, while leveraging its price competitiveness as an industry leader.」
The disclosure indicates that the entry of competitors into photomasks for Generation 10 and later expanded from one competitor to several, pointing to a more challenging competitive environment. - FY2019-Q3MaterialisedAnnual report
「In the photomask market, U.S.-based Photronics began producing photomasks for Generation 10 and later at its new plant in Hefei, China.」
The entry of a competitor into photomasks for Generation 10 and later, disclosed in the previous fiscal year, progressed to actual production at U.S.-based Photronics' new plant in China. - FY2018WorsenedAnnual report
「Meanwhile, a new competitor will enter the manufacture of photomasks for Generation 10 and later, which the Group has supplied exclusively to date.」
The entry of a new competitor into photomasks for Generation 10 and later was explicitly disclosed, adding to the factors making the competitive environment more challenging. - FY2016First statedAnnual report
「In the flat-panel display industry, the Company faces competition from FPD products based on other technologies, technological competition among LCD panel manufacturers and pressure to reduce costs. As measures to improve profitability, the Company is aggressively pursuing higher productivity, fixed-cost reductions and lower material procurement costs. However, if competition with other companies over delivery times and prices intensifies beyond what can be absorbed by these profitability improvement measures, it could affect the Group's results.」
The Company identifies competition from FPD products based on other technologies, technological competition among panel manufacturers, pressure to reduce costs, and competition with other companies over delivery times and prices as risks.