Intensifying Price Competition Following the Transfer of Production Overseas
First written in FY2017. 1 of 3 entries say "Worsened", first in FY2019. Latest entry: FY2024.
2 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「This has intensified price competition with overseas and local manufacturers, and our group's testing and measurement equipment, particularly its core balancing machines, has been affected.」
Price competition with overseas and local manufacturers, driven by customers' transfer of production overseas, continues to affect core products. - FY2019WorsenedAnnual report
「This has intensified price competition with overseas and local manufacturers, and our group's testing and measurement equipment, particularly its core balancing machines, has been affected.」
The price competition associated with the transfer of production overseas was described as an actual impact on core products, rather than a future concern. - FY2017First statedAnnual report
「Our major users, including automobile parts and tire manufacturers and electronics and appliance manufacturers, are expected to continue transferring production overseas, mainly to Asia. This is expected to intensify price competition with overseas rivals and local competitors, affecting our group's testing and measurement equipment, particularly our core balancing machines.」
The continued transfer of customers' production overseas was identified as a challenge that could intensify price competition with overseas and local competitors.