Intensifying Competition in the Watch, Device and Electronic Equipment Markets
First written in FY2016. 15 of 18 entries say "Worsened", first in FY2017-Q1. Latest entry: FY2021-Q3.
Citizen Watch moved to the "Worse" side of this theme in 2017, the same year as the typical company in this theme.
The whole theme swung hardest in 2023: 9 of 15 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- FY2021-Q3WorsenedAnnual report
「Within optoelectronics devices, chip LEDs posted lower revenue as demand declined in Western markets and China amid continuing severe price competition in lighting applications. Automotive LEDs also posted lower revenue, despite signs that the market was beginning to recover.」
Amid continued price competition for LEDs used in lighting, declining demand in Europe, the United States and China coincided with sluggishness in the automotive market, resulting in lower revenue from optoelectronic devices. - FY2021-Q2WorsenedAnnual report
「Within optoelectronics devices, chip LEDs posted lower revenue as demand declined in the Western and Chinese markets amid continuing severe price competition in lighting applications. Automotive LEDs also posted lower revenue as sales failed to increase due to weak market conditions.」
Price competition for chip LEDs used in lighting continued, while weaker demand in Western markets and China and a sluggish automotive market also contributed to lower revenue. - FY2021-Q1WorsenedAnnual report
「Within optoelectronics devices, chip LEDs posted lower revenue as demand fell particularly in the North American and European markets amid continuing severe price competition in lighting applications. Automotive LEDs also failed to increase sales due to weak market conditions, resulting in lower revenue.」
Severe price competition for LEDs used in lighting continued, while weak demand in North America and Europe and a sluggish automotive market also caused the adverse effects of the competitive and market environments to emerge in results. - FY2020WorsenedAnnual report
「In the movement business, the analog quartz market, particularly in the low-price segment, is trending downward as the smartwatch market expands. The intensifying competitive environment resulting from the rise of Chinese manufacturers has also led to lower unit prices, creating a risk of declining volumes and market share.」
The company provides new details on the expansion of the smartwatch market, the contraction of the analog quartz market, and competition and lower unit prices resulting from the rise of Chinese manufacturers. - FY2020-Q3WorsenedAnnual report
「Within optoelectronics devices, automotive chip LEDs posted lower revenue, while the company focused on initiatives prioritizing profitability rather than matching prices amid intense price competition in lighting applications. Backed by weakness in backlight units, optoelectronics devices overall posted lower revenue.」
Severe price competition for chip LEDs used in lighting continued, while weakness in automotive applications and backlight units also contributed to lower revenue in optoelectronic devices. - FY2020-Q2WorsenedAnnual report
「Within optoelectronic devices, chip LEDs for lighting faced severe price competition. The company focused on initiatives prioritizing profitability rather than following market prices, but lower sales of backlight units also contributed to lower revenue across optoelectronic devices as a whole.」
Severe price competition for chip LEDs used in lighting continued. Although the company prioritized profitability rather than following price cuts, lower backlight sales also contributed to lower revenue in optoelectronic devices. - FY2020-Q1WorsenedAnnual report
「Within optoelectronic devices, chip LEDs for lighting faced severe price competition. The company focused on initiatives prioritizing profitability rather than following market prices, but lower sales of backlight units also contributed to lower revenue across optoelectronic devices as a whole.」
Price competition for chip LEDs used in lighting intensified. Although the company prioritized profitability rather than following price cuts, lower backlight sales also contributed to lower revenue in optoelectronic devices. - FY2019-Q3RestatedAnnual report
「Within optoelectronics devices, automotive chip LEDs continued to perform well, while sales of lighting products struggled as the company focused on proposing differentiated products rather than following the intensifying price competition, resulting in lower revenue for optoelectronics devices overall.」
The company reiterates the intensification of price competition for chip LEDs used in lighting and its response of avoiding price cuts and proposing differentiated products. - FY2019-Q2WorsenedAnnual report
「Within optoelectronics devices, automotive chip LEDs continued to perform well, while sales of lighting products struggled as the company focused on proposing differentiated products rather than following the intensifying price competition, resulting in lower revenue for optoelectronics devices overall.」
Price competition for chip LEDs used in lighting intensified. As the company focused on proposing differentiated products rather than following price cuts, sales growth remained sluggish and the optoelectronic devices business as a whole reported lower revenue. - FY2019-Q1WorsenedAnnual report
「Within optoelectronics devices, automotive chip LEDs continued to perform well, while sales of lighting products struggled as the company focused on proposing differentiated products rather than matching prices amid intensifying price competition, resulting in lower revenue for optoelectronics devices overall.」
Intensifying price competition for chip LEDs used in lighting has emerged as sluggish sales growth and lower revenue in optoelectronic devices. - FY2018WorsenedAnnual report
「As a result, across the device business, revenue was ¥65.5 billion, down 5.6% from the previous fiscal year, as higher sales of optoelectronic devices were outweighed by the impact of a decline in switches. Operating profit was ¥2.7 billion, down 30.2%, due to lower sales, resulting in lower revenue and profit.」
The device business reported revenue of ¥65.5 billion and operating profit of ¥2.7 billion, resulting in lower revenue and profit due to the decline in switches and the impact of the competitive environment. - FY2018-Q3WorsenedAnnual report
「Operating profit declined due to lower sales and the intensifying competitive environment, among other factors. As a result, across the device business, revenue was ¥50.3 billion, down 4.7% year on year, and operating profit was ¥2.4 billion, down 17.6%, resulting in lower revenue and profit.」
In the device business, revenue declined 4.7% year on year and operating profit declined 17.6% due to the intensifying competitive environment and other factors. - FY2018-Q2WorsenedAnnual report
「Operating profit declined due to lower sales and the intensifying competitive environment, among other factors. As a result, across the device business, revenue was ¥34.1 billion, down 5.9% year on year, and operating profit was ¥1.5 billion, down 30.0%, resulting in lower revenue and profit.」
In the device business, the intensifying competitive environment and other factors emerged as lower revenue and profit, with revenue down 5.9% year on year and operating profit down 30.0%. - FY2018-Q1WorsenedAnnual report
「Under these circumstances, consolidated operating results for the first quarter were affected by weak demand across the watch market and intensifying competition in the device business, among other factors. Revenue was ¥72.6 billion, down 5.2% year on year, and operating profit was ¥3.8 billion, down 17.0%, resulting in lower revenue and profit.」
Weak demand in the watch market and intensifying competition in the device business emerged in results as a 5.2% decline in revenue and a 17.0% decline in operating profit. - FY2017-Q3WorsenedAnnual report
「Although the market for lighting applications for chip LEDs is expanding as global awareness of energy conservation grows, sales struggled to grow due to price declines resulting from intensifying competition and the impact of the yen's appreciation.」
Intensifying competition in LED lighting applications has emerged in the form of falling prices and sluggish sales growth. - FY2017-Q2RestatedAnnual report
「Although price and performance competition in lighting applications has intensified, the market continues to expand as global awareness of energy conservation grows, and sales of chip LEDs increased steadily in Japan, Europe and Asia.」
The company continues to cite intensifying price and performance competition, including in LED lighting applications. - FY2017-Q1WorsenedAnnual report
「Amid intensifying price and performance competition, particularly in lighting applications, sales of chip LEDs continue to expand, mainly in the domestic and European markets.」
Intensifying price and performance competition in LED lighting applications is explicitly identified. - FY2016First statedAnnual report
「In watches, competition is intense not only with domestic competitors but also with Swiss luxury watchmakers, Chinese manufacturers of mass-market watches and smartwatch manufacturers. The company also faces inherent competition from substitutes such as mobile phones that provide timekeeping functions.」
In watches, competition from luxury products, mass-market products, smartwatches and substitute products such as mobile phones is identified as a risk. For devices and electronic equipment, technological innovation and falling prices are also cited.