Price Competition Risk from Entry by Chinese Companies
First written in FY2016. 8 of 14 entries say "Materialised", first in FY2020-Q2. Latest entry: FY2024-Q1.
Seikoh Giken moved to the "Worse" side of this theme in 2019, 6 years before the typical company in this theme (2025).
The whole theme swung hardest in 2024: 6 of 10 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2024-Q1RestatedAnnual report
「In addition, sales of metal press-formed products for electronic equipment declined as smartphone demand failed to recover.」
The company continues to explain that the failure of smartphone demand to recover has been reflected as lower sales of metal press-formed products for electronic equipment. - FY2023-Q3MaterialisedAnnual report
「Sales of metal press-formed products for smartphones declined as weak domestic consumption in China caused sales of smartphones made in China to remain sluggish.」
The continued poor sales of smartphones made in China have been reflected in actual results as lower sales of metal press-formed products for electronic equipment. - FY2023-Q2MaterialisedAnnual report
「Sales of smartphones made in China by Chinese smartphone manufacturers also continued to perform poorly due to weak domestic consumption and longer replacement cycles. As a result, sales of insert-molded products for automotive sensors and metal press-formed products for electronic equipment declined in the precision machinery-related business.」
The continued poor sales of smartphones made in China have resulted in the impact of the competitive and demand environment being reflected in actual results as lower sales of metal press-formed products for electronic equipment. - FY2023-Q1MaterialisedAnnual report
「Sales of metal press-formed products for electronic equipment also remained almost at the same level as in the same quarter of the previous year, as demand for smartphones made in China failed to recover.」
The failure of demand for smartphones made in China to recover was reflected in actual results as stagnant sales of metal press-formed products for electronic equipment. - FY2022-Q2MaterialisedAnnual report
「In addition, sales of metal press-formed products used in smartphones and other devices declined as smartphone consumption fell in India and other countries where COVID-19 was spreading rapidly, while production cuts caused by semiconductor shortages also had an impact.」
Declining smartphone demand, customers' production cuts due to semiconductor shortages, and intensifying competition with Asian companies have been reflected in actual results as lower sales of metal press-formed products. - FY2022-Q1MaterialisedAnnual report
「In addition, sales of metal press-formed products used in smartphones and other devices declined as smartphone consumption fell in India and other countries where COVID-19 was spreading rapidly, while production cuts caused by semiconductor shortages and intensifying competition with Asian companies also had an impact.」
The intensifying competitive environment was reflected in actual results as lower sales of metal press-formed products. - FY2021RestatedAnnual report
「In these industries, price competition has become extremely intense as competing manufacturers have entered the market, and our Group is also facing pressure to reduce prices.」
Competition from new entrants and continued downward pressure on prices remain risks. - FY2020MaterialisedAnnual report
「Sales of metal press-formed products used in smartphones and mobile-device keyboards declined due to downward pressure on selling prices and the suspension of operations at some customers' factories in China amid the spread of COVID-19.」
Downward pressure on prices was reflected in actual results as lower sales of metal press-formed products. The suspension of customers' factory operations due to COVID-19 was also cited as a factor behind the sales decline. - FY2020-Q3MaterialisedAnnual report
「Meanwhile, sales of press-formed products for electronic equipment struggled to grow, partly because of downward pressure on selling prices.」
The company continues to state that price competition and pressure to reduce prices were reflected in actual results as sluggish sales of press-formed products for electronic equipment. - FY2020-Q2MaterialisedAnnual report
「Meanwhile, sales of press-formed products for electronic equipment struggled to grow, partly because of downward pressure on selling prices.」
The company states that price competition and pressure to reduce prices were reflected in actual business performance as sluggish sales of press-formed products for electronic equipment. - FY2017RestatedAnnual report
「In these industries, price competition has become extremely intense as competing manufacturers, including Chinese companies, have entered the market, and the group is also facing pressure to reduce prices.」
The company continues to describe price competition and pressure to reduce prices resulting from the entry of Chinese and other companies. - FY2017-Q3RestatedAnnual report
「In these industries, price competition has become extremely intense as competing manufacturers, including Chinese companies, have entered the market, and the group is also facing pressure to reduce prices.」
The company continues to describe price competition and pressure to reduce prices resulting from the entry of Chinese and other companies. - FY2017-Q2RestatedAnnual report
「Low-priced smartphones became widespread, particularly in emerging markets, and emerging Chinese smartphone manufacturers expanded their market share.」
The company reconfirms the competitive environment in the smartphone market, where price and market competition with competitors, including Chinese companies, continues. - FY2016First statedAnnual report
「In these industries, price competition has become extremely intense as competing manufacturers, including Chinese companies, have entered the market, and the group is also facing pressure to reduce prices.」
The company describes the impact if, despite continuing efforts to reduce costs, significant price declines prevent it from maintaining its price advantage.