Price competition, market contraction and shorter product cycles in the Electronics business
First written in FY2016. 2 of 4 entries say "Worsened", first in FY2017. Latest entry: FY2023.
Sony Group moved to the "Worse" side of this theme in 2017, the same year as the typical company in this theme.
The whole theme swung hardest in 2023: 9 of 15 companies on the "Worse" side.
10 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Sony operates in multiple business areas across different industries and has numerous product and service divisions in each area. As a result, it competes with many companies, including established industry players and new entrants, ranging from large multinational corporations to highly specialized companies focused on a single or limited number of business areas.」
Sony reaffirmed the risk that intensifying competition could reduce revenue and operating margins, from the perspectives of its multiple businesses, price competition, technological advantages and competition to acquire content. - FY2019WorsenedAnnual report
「Sony must overcome intensifying competition that could lead to lower revenue or operating margins.」
Sony again emphasized at the outset of its business and other risks that intensifying competition could lead to lower revenue and operating margins. - FY2017WorsenedAnnual report
「Sony must overcome intensifying competition, particularly in the Electronics business.」
Sony continued to identify intensifying competition as a major risk and stated that competitors may catch up in technological capabilities, including in image sensors. - FY2016First statedAnnual report
「The economic environment surrounding Sony is becoming increasingly uncertain, mainly due to factors in the Electronics business such as downward price pressure from competitors, market contraction for certain key products and shorter product cycles.」
Sony identifies downward price pressure, market contraction and shorter product cycles as major risks in its operating environment.