Price Competition Driven by Sustained High Raw Material Prices and Entry by Manufacturers from China and Southeast Asia
First written in FY2016. 13 of 32 entries say "Restated". Latest entry: 2026-11-05.
Shizuki Electric Company moved to the "Worse" side of this theme in 2021, 3 years after the typical company in this theme (2018).
The whole theme swung hardest in 2022: 21 of 27 companies on the "Worse" side.
5 other companies' latest entry also says "Materialised".
- FY2026MitigatedAnnual report
「To minimise this risk, we are improving productivity and carrying out cost reduction activities based on the Shizuki Integrated Management System “∫IΣS”, while responding to any increases in procurement costs that cannot be fully absorbed by appropriately adjusting selling prices.」
Although the risks from soaring raw material and energy prices and price competition continue, productivity improvements, cost reductions, and appropriate selling price adjustments have also continued as countermeasures, and operating profit increased 27.1% year on year. - 2026-05-15WorsenedEarnings presentation
「Surging raw material and component prices」
2026年度業績予想では、素材・部材価格高騰の影響を新たな利益下押し要因として織り込んでいる。 - FY2026-H1MitigatedAnnual report
「In addition to the results of productivity improvement initiatives, growth in sales of highly profitable power equipment resulted in operating profit of ¥1,118 million, up 98.9% year on year.」
Amid continuing cost pressures such as inflation, operating profit increased 98.9% year on year due to productivity improvements and growth in sales of highly profitable power equipment. - FY2025MitigatedAnnual report
「To minimise this risk, we are improving productivity and carrying out cost reduction activities based on the Shizuki Integrated Management System “∫IΣS”, while responding to any increases in procurement costs that cannot be fully absorbed by appropriately adjusting selling prices.」
While continuing to recognise soaring raw material and energy prices and price competition as risks, it explicitly identifies productivity improvements, cost reductions, and appropriate selling price adjustments as countermeasures. - FY2025-H1MitigatedAnnual report
「The economic environment during the current interim consolidated accounting period remained uncertain, due to continued inflation caused by persistently high raw material and energy prices, rising geopolitical risks, and other factors. With respect to earnings, progress in passing costs through to products and the results of productivity improvement initiatives resulted in operating profit of ¥562 million, up 35.6% year on year.」
Although raw material and energy prices remain high, operating profit increased 35.6% year on year due to progress in cost pass-through and productivity improvements, indicating that the impact of rising costs has been mitigated. - FY2024MitigatedAnnual report
「Progress in passing higher material prices through to product selling prices and other factors resulted in operating profit of ¥1,098 million, up 17.2% year on year.」
While material prices continued to rise, progress in passing costs through to product prices resulted in a 17.2% year-on-year increase in operating profit. - FY2024-Q3MitigatedAnnual report
「Progress in passing higher material prices through to product selling prices and other factors resulted in operating profit of ¥752 million, up 50.2% year on year.」
Although the impact of soaring material prices remains, progress in passing costs through to product prices resulted in a 50.2% year-on-year increase in operating profit. The mitigation of the risk impact through cost pass-through continues. - FY2024-Q2MitigatedAnnual report
「Progress in passing higher material prices through to product selling prices also contributed to operating profit of ¥414 million, up 206.1% year on year.」
While material prices continued to rise, progress in passing costs through to product prices resulted in a 206.1% year-on-year increase in operating profit. The mitigating effect of cost pass-through has continued from the previous quarter. - FY2024-Q1MitigatedAnnual report
「With the impact of soaring material prices continuing, progress in passing costs through to product prices resulted in operating profit of ¥52 million, compared with an operating loss of ¥103 million in the same period of the previous year.」
Although the impact of soaring material prices continues, progress in passing costs through to product prices resulted in a shift from an operating loss in the same period of the previous year to operating profit. - FY2023-Q3MaterialisedAnnual report
「However, with the continuing impact of soaring material prices and the additional rise in electricity rates, while the pass-through of costs to product prices was unavoidably delayed, operating profit was ¥501 million, down 30.7% year on year.」
In addition to soaring material prices, higher electricity rates and delayed cost pass-through combined, causing the risk to materialise as a 30.7% year-on-year decline in operating profit. - FY2023-Q2MaterialisedAnnual report
「With respect to earnings, in addition to the continuing impact of soaring material prices, electricity rates also rose, while the pass-through of costs to product prices was unavoidably delayed, resulting in operating profit of ¥135 million, down 55.7% year on year.」
In addition to the existing risk of soaring material prices, higher electricity rates and delayed cost pass-through emerged as an actual decline in operating profit. - FY2023-Q1WorsenedAnnual report
「The economic environment during the cumulative first quarter of the current consolidated fiscal year remained uncertain, due to lockdowns in China accompanying the spread of COVID-19, tight supply and demand for electronic components, and soaring material and energy prices resulting from the worsening situation in Ukraine, among other factors.」
In addition to the existing risks related to raw material prices and other factors, lockdowns in China, tight supply and demand for electronic components, and soaring material and energy prices due to the worsening situation in Ukraine were explicitly identified, indicating a broader range of uncertainties in the external environment. - FY2022-Q3RestatedAnnual report
「With respect to earnings, although the Company was affected by tight supplies of components and materials, particularly electronic components, and higher purchasing prices, steady progress in cost improvements resulted in operating profit of ¥722 million, up 108.1% year on year, ordinary profit of ¥963 million, up 53.2%, and quarterly net profit attributable to owners of the parent of ¥683 million, up 68.0%.」
While the impact of tight supplies of electronic components and other materials and higher purchasing prices continues, progress in cost improvements was also noted. - FY2022-Q2RestatedAnnual report
「Although purchasing prices were driven higher in part by tight supplies of electronic components and other materials, there was also steady progress in cost improvements,」
While the impact of higher purchasing prices due to tight supplies of electronic components and other materials continues, progress in cost improvements was also noted. - FY2022-Q1WorsenedAnnual report
「Although purchasing prices were driven higher in part by tight supplies of electronic components and other materials, there was also steady progress in cost improvements,」
In addition to the existing risk from raw material prices, higher purchasing prices due to tight supplies of electronic components and other materials were cited as an actual earnings factor. Progress in cost improvements was also noted. - FY2021-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no new occurrences or significant changes to the risks described in the previous fiscal year's report, including raw material prices, price competition, foreign exchange rates, and economic trends. - FY2020-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative first three quarters of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no new occurrences or significant changes to the risks described in the previous fiscal year's report, including raw material prices, price competition, foreign exchange rates, and economic trends. - FY2020-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative first half of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no new occurrences or significant changes to existing risks, including raw material prices, price competition, foreign exchange rates, and economic trends. - FY2020-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no new occurrences or significant changes to existing risks, including raw material prices, price competition, and foreign exchange rates. - FY2019MaterialisedAnnual report
「Due to the impact of higher material prices and falling selling prices accompanying intensifying market competition, operating profit was ¥1,114 million, down 8.6% year on year, and ordinary profit was ¥1,302 million, down 13.4%.」
Higher material prices, intensifying competition, and lower selling prices emerged as actual factors behind the full-year declines in operating profit and ordinary profit. - FY2019-Q3MaterialisedAnnual report
「With respect to earnings, the rise in the cost ratio due to changes in the product mix and higher material costs resulted in operating profit of ¥765 million, down 1.4% year on year, and ordinary profit of ¥944 million, down 8.2%.」
The rise in the cost ratio due to higher material costs has emerged as an actual factor behind the decline in profit. - FY2019-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no new occurrences or significant changes to the risks described in the previous fiscal year's report, including raw material prices, price competition, foreign exchange rates, and economic trends. - FY2018-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative first three quarters of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no new occurrences or significant changes to existing risks, including raw material prices, price competition, foreign exchange rates, and economic trends. - FY2018-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative first half of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no significant changes to existing risks, including persistently high raw material prices, price competition, foreign exchange rates, and economic trends. - FY2018-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no significant changes to existing risks, including persistently high raw material prices and price competition. - FY2017WorsenedAnnual report
「During the current consolidated fiscal year, as the Company faced soaring raw material and other costs, intensified competition over selling prices, fluctuations in foreign exchange rates due to the stronger yen, and challenging management conditions, it worked on developing new products, expanding sales, and reducing costs, with the result that」
It describes soaring raw material costs and intensifying competition over selling prices as factors necessitating challenging management, explicitly indicating a deterioration in the risk environment. - FY2017-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative first three quarters of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no significant changes to existing business and other risks, including raw material prices, intensifying competition, foreign exchange rates, and economic trends. - FY2017-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative first half of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no significant changes to existing business and other risks, including raw material prices, competition, foreign exchange rates, and economic trends. - FY2017-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no significant changes to existing business and other risks, including raw material prices, competition, and foreign exchange rates. - FY2016First statedAnnual report
「Although concerns remain, including persistently high raw material prices, intensifying price competition due to the entry of Chinese and Southeast Asian manufacturers, foreign exchange fluctuations, and domestic and overseas economic trends,」
It lists raw material prices, intensifying competition, foreign exchange rates, and economic trends as concerns going forward.