Demand Fluctuations and Intensifying Price Competition
First written in FY2016. 31 of 37 entries say "Materialised", first in FY2017-Q1. Latest entry: 2026-07-29.
Fdk moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
The whole theme swung hardest in 2020: 29 of 54 companies on the "Worse" side.
7 other companies' latest entry also says "Materialised".
- 2026-07-29MaterialisedEarnings
「In the electronics business, lower sales of various modules for mobility applications and switching power supplies resulted in lower sales for the business as a whole.」
Declining demand by application appeared as lower electronics business sales. Meanwhile, overseas automotive and smart-meter applications increased in the battery business. - FY2026MaterialisedAnnual report
「As a result, sales decreased by ¥3,610 million, or 5.7%, to ¥59,561 million, compared with the previous consolidated fiscal year.」
Sales declined across multiple applications in the battery and electronics businesses, resulting in a 5.7% year-on-year decline in consolidated sales. Demand-volatility and price-competition risk is reflected in annual performance. - 2026-04-28MaterialisedResults briefing materials
「Alkaline dry-cell batteries declined due to changes in consumer trends resulting from higher prices and other factors.」
Changes in consumer trends associated with higher prices emerged in the form of lower alkaline dry-cell battery sales. - FY2026-H1WorsenedAnnual report
「As a result, sales decreased by ¥2,883 million, or 8.8%, to ¥29,776 million, compared with the previous interim consolidated accounting period.」
Sales declined across multiple applications in the battery and electronics businesses, resulting in an 8.8% year-on-year decline in consolidated sales. The effects of demand volatility and price competition are reflected in the figures. - FY2025WorsenedAnnual report
「Battery business orders received were ¥46,759 million and order backlog was ¥9,012 million. Electronics business orders received were ¥12,992 million and order backlog was ¥2,474 million. Total orders received decreased 6.0% from the previous consolidated fiscal year, while the order backlog decreased 23.0%.」
For the fiscal year ending March 2025, total orders received declined 6.0% year on year and the order backlog declined 23.0%, reflecting the impact of demand volatility and the competitive environment in order indicators. - FY2024MaterialisedAnnual report
「As a result, sales decreased by ¥107 million, or 0.2%, to ¥62,676 million, compared with the previous consolidated fiscal year.」
Although battery business sales increased, consolidated sales declined 0.2% due to lower electronics business sales and other factors, with the effects of demand volatility and price competition reflected in annual performance. - FY2024-Q3MaterialisedAnnual report
「As a result, sales decreased by ¥914 million, or 2.0%, to ¥45,899 million, compared with the third-quarter consolidated cumulative period of the previous year.」
Although battery business sales increased, consolidated sales declined 2.0% year on year due to lower electronics business sales and other factors, with demand and market-environment volatility reflected in performance. - FY2024-Q2MaterialisedAnnual report
「Although nickel-metal hydride batteries benefited from a review of selling prices and the weaker yen, sales for domestic commercial and overseas industrial applications fell below the second-quarter consolidated cumulative period of the previous year due to inventory adjustments and lower requirements.」
Customer inventory adjustments and lower requirements materialised in performance as lower sales of nickel-metal hydride batteries for domestic commercial and overseas industrial applications. - FY2024-Q1MaterialisedAnnual report
「Although nickel-metal hydride batteries benefited from a review of selling prices and the weaker yen, sales for domestic commercial and overseas industrial applications fell below the first-quarter consolidated cumulative period of the previous year due to inventory adjustments and lower requirements.」
Inventory adjustments and lower customer requirements materialised in performance as lower sales of nickel-metal hydride batteries for domestic commercial and overseas industrial applications. - FY2023MaterialisedAnnual report
「Although nickel-metal hydride batteries benefited from a review of selling prices and the weaker yen, sales for overseas commercial and industrial applications fell below the previous consolidated fiscal year due to inventory adjustments and lower requirements caused by customers' difficulty procuring components.」
Inventory adjustments and lower requirements caused by customers' difficulty procuring components materialised in performance as lower sales of nickel-metal hydride batteries for overseas commercial and industrial applications. - FY2023-Q3MaterialisedAnnual report
「Although nickel-metal hydride batteries benefited from a review of selling prices and the weaker yen, sales for overseas commercial and industrial applications fell below the third-quarter consolidated cumulative period of the previous year due to inventory adjustments and lower requirements caused by customers' difficulty procuring components.」
Inventory adjustments and lower requirements caused by customers' difficulty procuring components actually materialised as lower sales of nickel-metal hydride batteries for overseas commercial and industrial applications. - FY2023-Q2WorsenedAnnual report
「During the second-quarter consolidated cumulative period, the business environment surrounding our group remained extremely challenging. Although restrictions on movement associated with COVID-19 were eased and capital investment and production showed signs of recovery as economic activity normalised, procurement difficulties for electronic and resin components, soaring raw-material prices, persistent logistics disruptions, the prolonged situation in Ukraine and declining demand due to the sharp rise in prices continued.」
In addition to procurement difficulties, soaring raw-material prices and logistics disruption, the prolonged situation in Ukraine and demand declines caused by the sharp rise in prices were cited, making the environment surrounding demand volatility and price competition even more challenging. - FY2023-Q1MaterialisedAnnual report
「Battery business sales exceeded the first-quarter consolidated cumulative period of the previous year because increases in nickel-metal hydride and lithium batteries outweighed the decline in alkaline batteries.」
Demand diverged by product: alkaline batteries declined, while nickel-metal hydride and lithium batteries increased. The effects of demand volatility and the competitive environment are reflected in product-level performance. - FY2022MaterialisedAnnual report
「As a result, sales decreased by ¥87 million, or 0.1%, to ¥61,456 million compared with the previous consolidated fiscal year. Battery business sales declined overall because increases in nickel-metal hydride batteries, lithium batteries and equipment-related businesses were outweighed by lower alkaline-battery sales following the transfer of shares in an overseas manufacturing subsidiary carried out in the previous consolidated fiscal year and sluggish domestic market conditions.」
Although nickel-metal hydride and lithium batteries increased, the transfer of an overseas alkaline-battery manufacturing subsidiary and sluggish domestic market conditions caused consolidated sales to decline 0.1%. The effects of demand volatility and price competition continue to be reflected in performance. - FY2022-Q3MaterialisedAnnual report
「Battery business sales fell below the third-quarter consolidated cumulative period of the previous year because the increase in nickel-metal hydride batteries, lithium batteries and equipment-related businesses was outweighed by the decline in alkaline batteries. Electronics business sales exceeded the same period because the increase in various modules for mobility applications outweighed declines in switching power supplies and toner.」
Demand varied by product and application: alkaline batteries, switching power supplies and toner declined, while nickel-metal hydride batteries, lithium batteries and modules for mobility applications increased. - FY2022-Q1MaterialisedAnnual report
「Battery business sales exceeded the first-quarter consolidated cumulative period of the previous year as increases in nickel-metal hydride batteries, lithium batteries and equipment-related businesses outweighed the decline in alkaline batteries. Electronics business sales increased by ¥602 million to ¥4,427 million compared with the first-quarter consolidated cumulative period of the previous year, due to higher sales of various modules for industrial equipment and mobility applications.」
Results varied by product and application: alkaline batteries and products for liquid-crystal display applications declined, while nickel-metal hydride batteries, lithium batteries and modules for industrial equipment and mobility applications increased. - FY2021MaterialisedAnnual report
「Battery business sales exceeded the previous consolidated fiscal year due to increases in nickel-metal hydride batteries, alkaline batteries and lithium batteries. Equipment-related business sales fell below the previous consolidated fiscal year due to lower orders for automotive-parts assembly equipment as a result of US-China trade friction and the spread of COVID-19.」
While some battery products grew, lower orders in the equipment-related business due to US-China trade friction and COVID-19 affected annual performance, reflecting the impact of demand and market-environment volatility. - FY2021-Q3MaterialisedAnnual report
「As a result, sales decreased by ¥2,218 million, or 4.7%, to ¥45,354 million, compared with the third-quarter consolidated cumulative period of the previous year.」
Consolidated sales declined 4.7% year on year due to decreases in equipment-related businesses and nickel-metal hydride batteries for industrial applications attributable to COVID-19, with demand-volatility and market-environment risk reflected in performance. - FY2021-Q2MaterialisedAnnual report
「As a result, sales decreased by ¥2,010 million, or 6.3%, to ¥29,975 million, compared with the second-quarter consolidated cumulative period of the previous year.」
Declines in nickel-metal hydride batteries for industrial applications, equipment-related businesses and various modules in the electronics business, all attributable to the impact of COVID-19, combined to produce a 6.3% year-on-year decline in consolidated sales. Demand-volatility and market-environment risk is reflected in performance. - FY2021-Q1WorsenedAnnual report
「During the first-quarter consolidated cumulative period, the business environment surrounding our group deteriorated as the spread of COVID-19 led to a state of emergency in Japan and lockdowns overseas, causing supply-chain disruption and stagnation in economic activity such as consumption. As a result, sales decreased by ¥2,173 million, or 13.2%, to ¥14,256 million, compared with the first-quarter consolidated cumulative period of the previous year.」
The state of emergency, lockdowns, supply-chain disruption and stagnant consumption associated with COVID-19 occurred, and sales declined 13.2% year on year. - FY2020WorsenedAnnual report
「Demand remained stagnant throughout the period, particularly in the electronics sector in which our group operates. In addition to policies in the United States, China and other countries, continuing trade friction and trends in the European economy, economic activity such as supply chains and consumption stagnated further during the fourth-quarter consolidated accounting period due to the spread of COVID-19 in Japan and overseas, and conditions remained uncertain going forward.」
In addition to the existing stagnation in demand and price competition, supply chains and consumption stagnated due to COVID-19, and annual sales also declined 13.9%. - FY2020-Q3MaterialisedAnnual report
「Regarding business performance for the third-quarter consolidated cumulative period, battery business sales declined as batteries for commercial applications in Japan and overseas faced intensifying competition from Chinese manufacturers. Electronics business sales also declined due to lower sales following the closure of an overseas manufacturing subsidiary carried out in the previous consolidated fiscal year and lower sales following the transfer of part of the electronics business. As a result, sales decreased by ¥7,775 million, or 14.0%, to ¥47,573 million, compared with the third-quarter consolidated cumulative period of the previous year.」
The effects of intensifying competition from Chinese manufacturers, the closure of an overseas manufacturing subsidiary and the transfer of part of the electronics business combined to produce a 14.0% year-on-year decline in consolidated sales. Demand-volatility and price-competition risk has become even more evident in the figures. - FY2020-Q2MaterialisedAnnual report
「Battery business sales declined as batteries for commercial applications in Japan and overseas faced intensifying competition from Chinese manufacturers. Electronics business sales also declined due to lower sales following the closure of an overseas manufacturing subsidiary carried out in the previous consolidated fiscal year and lower sales following the transfer of part of the electronics business. As a result, sales decreased by ¥4,376 million, or 12.0%, to ¥31,986 million, compared with the second-quarter consolidated cumulative period of the previous year.」
Against a backdrop that included lower battery sales for commercial applications due to intensifying competition from Chinese manufacturers, consolidated sales declined 12.0% year on year. Demand and price-competition risk is reflected in performance. - FY2020-Q1MaterialisedAnnual report
「As a result, sales decreased by ¥1,046 million, or 6.0%, to ¥16,430 million, compared with the first-quarter consolidated cumulative period of the previous year.」
Demand volatility and price-competition risk materialised in performance as sales declined 6.0% year on year, following decreases in sales of batteries and electronic products across multiple applications. - FY2019MaterialisedAnnual report
「As a result, sales decreased by ¥1,016 million, or 1.4%, to ¥72,113 million, compared with the previous consolidated fiscal year.」
Consolidated sales fell 1.4% year on year due to declines in nickel-metal hydride batteries for industrial applications, lithium batteries, multilayer power inductors and switching power supplies, with the effects of demand volatility and price competition reflected in performance. - FY2019-Q3MaterialisedAnnual report
「By product, nickel-metal hydride battery sales for commercial applications in Japan and overseas remained solid, but declined below the third-quarter consolidated cumulative period of the previous year due to decreases in some overseas OEM and industrial applications. Energy-storage systems fell below the same period due to lower sales for applications including communications-equipment backup. Lithium battery sales fell below the same period due to sluggish infrastructure markets in Japan and overseas for residential fire-alarm and smart-meter applications.」
Sales declines occurred in overseas OEM, industrial, communications-equipment backup and infrastructure applications, and the effects of demand volatility and price competition continue to be reflected in performance. - FY2019-Q2MaterialisedAnnual report
「Although nickel-metal hydride batteries for commercial applications in Japan and overseas remained solid, sales fell below the second-quarter consolidated cumulative period of the previous year due to declines in some overseas OEM applications and industrial applications. Energy-storage systems fell below the same period due to lower sales for applications including communications-equipment backup. Although lithium batteries for domestic residential fire-alarm applications remained solid, sales fell below the same period due to sluggish infrastructure markets in Japan and overseas.」
While some areas, including commercial applications, remained solid, sales actually declined in overseas OEM, industrial, communications-equipment backup and infrastructure applications, with demand-volatility and price-competition risk continuing to be reflected in performance. - FY2019-Q1MaterialisedAnnual report
「Although lithium batteries for overseas residential fire-alarm applications remained solid, sales fell below the first-quarter consolidated cumulative period of the previous year due to sluggish infrastructure markets in Japan and overseas.」
The effect of market and demand volatility has materialised in performance, with lithium battery sales falling below the same period of the previous year amid sluggish infrastructure markets. - FY2018MaterialisedAnnual report
「As a result, sales decreased by ¥552 million, or 0.7%, to ¥73,129 million, compared with the previous consolidated fiscal year.」
Although lithium batteries and energy-storage systems increased, consolidated sales declined 0.7% year on year due to decreases in alkaline batteries, nickel-metal hydride batteries and certain electronic products. - FY2018-Q3MaterialisedAnnual report
「As a result, sales decreased by ¥676 million, or 1.2%, to ¥54,894 million, compared with the third-quarter consolidated cumulative period of the previous year.」
Alkaline and nickel-metal hydride batteries declined in the North American consumer market, while some electronic products also decreased, resulting in a 1.2% year-on-year decline in consolidated sales. The effects of demand volatility and price competition continue to be reflected in performance. - FY2018-Q2MaterialisedAnnual report
「As a result, sales decreased by ¥1,078 million, or 2.9%, to ¥35,977 million, compared with the second-quarter consolidated cumulative period of the previous year.」
Consolidated sales fell 2.9% year on year due to lower OEM and North American sales of alkaline batteries and decreased sales of electronic products, with the effects of demand volatility and price competition continuing to be reflected in performance. - FY2018-Q1MaterialisedAnnual report
「As a result, sales decreased by ¥432 million, or 2.4%, to ¥17,372 million, compared with the first-quarter consolidated cumulative period of the previous year.」
Demand volatility and competitive-environment risk materialised as a 2.4% year-on-year decline in consolidated sales, due to lower domestic and overseas OEM sales and decreased sales of several electronic products. - FY2017MaterialisedAnnual report
「Sales decreased by ¥7,063 million, or 8.7%, to ¥73,682 million, compared with the previous consolidated fiscal year.」
Against a backdrop of deteriorating market conditions, a sluggish electronics business and a higher proportion of lower-priced products, demand-volatility and price-competition risk materialised as an 8.7% year-on-year decline in consolidated sales. - FY2017-Q3MaterialisedAnnual report
「Sales decreased by ¥6,841 million, or 11.0%, to ¥55,571 million, compared with the third-quarter consolidated cumulative period of the previous year, due to the broad decline in the electronics business throughout the period and the increase in the proportion of lower-priced products, despite higher production volumes for alkaline and nickel-metal hydride batteries.」
The sluggish electronics business, the higher proportion of lower-priced products and declining demand for individual products combined to produce an 11.0% year-on-year decline in consolidated sales, showing the impact of demand and price-competition risk. - FY2017-Q2MaterialisedAnnual report
「Alkaline batteries increased from the first-quarter consolidated accounting period, supported by growth in OEM sales for North America and internet sales applications, as well as temporary increases in volume for natural-disaster and smartphone emergency-charging applications. However, sales fell below the second-quarter consolidated cumulative period of the previous year due to the reduction in translated values resulting from the stronger yen. Electronics business declined broadly throughout the period.」
Variations in demand by product and application, together with the broad decline in the electronics business, have materialised as an actual decrease in sales. - FY2017-Q1MaterialisedAnnual report
「In the industrial market, sales volume for many products, including signal-processing modules for liquid-crystal displays used in large overseas LCD TVs and lithium batteries for overseas disaster-prevention equipment, fell below the first-quarter consolidated cumulative period of the previous year. As a result, sales decreased by ¥1,550 million, or 8.0%, to ¥17,805 million.」
Sales volumes for many products actually declined amid sluggish overseas markets and personal consumption, and consolidated sales also fell by ¥1,550 million, or 8.0%, year on year. Demand volatility risk is reflected in performance. - FY2016First statedAnnual report
「Price competition and sharp fluctuations in orders in the battery and electronics sectors in which our group operates have become extremely severe.」
The company identifies price competition, sharp fluctuations in orders, economic recession and contraction of product markets as its principal business risks.