Intensifying Global Price Competition
First written in FY2016. 6 of 11 entries say "Restated". Latest entry: FY2026.
Faltec moved to the "Worse" side of this theme in 2017, 7 years before the typical company in this theme (2024).
The whole theme swung hardest in 2017: 5 of 11 companies on the "Worse" side.
8 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Price competition for products and merchandise produced by the Group has become increasingly intense amid the trend toward global procurement. The Group has introduced FPS activities, its proprietary synchronized production initiative, and will respond globally to competition in products, services, technology, quality and prices.」
The company continues to describe the severity of price competition associated with global procurement and its response policy through FPS activities. - FY2024RestatedAnnual report
「Price competition for the Group’s products and merchandise has become increasingly intense as global sourcing has expanded.」
The company continues its response to the severity of price competition associated with global procurement through FPS activities. - FY2022RestatedAnnual report
「Price competition for the Group’s products and merchandise has become increasingly intense as global sourcing has expanded.」
The company continues its response to the severity of price competition associated with global procurement through FPS activities. - FY2021RestatedAnnual report
「Price competition for the Group’s products and merchandise has become increasingly intense as global sourcing has expanded.」
The company is reaffirming the severity of price competition associated with global procurement and its response policy through FPS activities. - FY2020RestatedAnnual report
「Price competition for the Group’s products and merchandise has become increasingly intense as global sourcing has expanded.」
The company continues to describe the severity of price competition associated with global procurement and its response policy through FPS activities. - FY2019MaterialisedAnnual report
「Segment profit was ¥1,035 million, down 1.4% from the previous fiscal year, due mainly to intensifying competition in China.」
Intensifying competition in China was reflected in full-year results as a 1.4% year-on-year decline in Asia segment profit to ¥1,035 million. - FY2018MaterialisedAnnual report
「Segment profit was ¥1,049 million, down 2.5% from the previous consolidated fiscal year, owing to the impact of intensified competition in the automotive products business and other factors.」
Intensified competition in the automotive products business was reflected in full-year results as lower profit in the Asia segment. - FY2018-Q3MaterialisedAnnual report
「Revenue in Asia, excluding intersegment revenue, was ¥8,196 million, down 0.7% year on year, owing mainly to intensified competition, particularly in China. Segment profit was ¥629 million, down 27.6% year on year, owing to lower revenue and mainly the impact of intensified competition in the automotive products business and other factors.」
Intensified competition in China and the automotive products business was reflected in actual results as lower revenue in Asia and a 27.6% decline in segment profit. - FY2018-Q2MaterialisedAnnual report
「Revenue, excluding intersegment revenue, was ¥5,248 million, down 5.3% year on year, owing to the impact of foreign-exchange translation resulting from yen appreciation, intensified competition in the automotive products business and other factors.」
Intensified competition in the automotive products business was reflected in actual results as a factor behind lower revenue in the Asia segment. - FY2017RestatedAnnual report
「Price competition for the Group’s products and merchandise has become increasingly intense as global sourcing has expanded.」
The disclosure reiterates the severity of price competition accompanying global sourcing and the policy of responding through FPS activities. - FY2016First statedAnnual report
「Price competition for the Group’s products and merchandise has become increasingly intense as global sourcing has expanded.」
The company states that it will respond to competition in products and services, technology and quality, and pricing by introducing FPS activities.