Earnings pressure due to weak demand and intensifying price competition
First written in FY2016. 20 of 23 entries say "Restated". Latest entry: FY2025-H1.
Shin-Etsu Polymer moved to the "Worse" side of this theme in 2024, 1 year after the typical company in this theme (2023).
The whole theme swung hardest in 2023: 13 of 23 companies on the "Worse" side.
6 other companies' latest entry also says "Worsened".
- FY2025-H1WorsenedAnnual report
「Sales of small-roll wrap for the food service industry grew, and demand for corrugated sheets for construction materials remained firm. However, sales fell below the previous year due to prolonged inventory adjustments for functional compounds in the market and the transfer of businesses such as PVC pipes.」
The document explicitly cites prolonged inventory adjustments for functional compounds, indicating that delayed demand recovery has added to the existing pressure from the challenging market environment. - FY2024-Q3RestatedAnnual report
「In this business, demand for wrapping film is beginning to recover as foot traffic returns, but the market environment for PVC-related products remains extremely challenging, and overall sales remained sluggish.」
While the challenging market environment for PVC-related products continued, demand for wrapping film was beginning to recover as foot traffic returned. - FY2023-Q3RestatedAnnual report
「In this business, amid an extremely challenging market environment for PVC-related products, overall sales significantly exceeded the previous year due to selling price revisions and M&A. Shipments of PVC pipe-related products were sluggish, but sales increased due to selling price revisions.」
While the challenging market environment for PVC-related products and sluggish shipments of PVC pipes continued, the company responded through selling price revisions and M&A. - FY2023-Q1RestatedAnnual report
「In this business, amid an extremely challenging market environment for PVC-related products, overall sales substantially exceeded the previous year due to selling price revisions and M&A.」
Although the challenging market environment for PVC-related products continues, sales are expanding through selling price revisions and M&A. - FY2022-Q3RestatedAnnual report
「In this business, amid an extremely challenging market environment for PVC-related products, the company worked on price revisions and production efficiency and promoted M&A and sales of new business products. Overall sales substantially exceeded the previous year as demand recovered for food packaging materials and automotive materials-related products. Sales of PVC pipe-related products remained sluggish because of weak domestic demand.」
While the challenging market environment for PVC-related products and weak domestic demand for PVC pipes continued, the company responded through price revisions, production efficiency improvements, M&A, and expanded sales of new business products. - FY2022-Q1RestatedAnnual report
「In this business, amid an extremely challenging market environment for PVC-related products, the company worked on price revisions and production efficiency and promoted sales of new business products. Overall sales exceeded the previous year as demand recovered for food packaging materials and automotive materials-related products. Sales of PVC pipe-related products fell below the previous year because of weak domestic demand.」
Demand for food packaging materials and automotive materials-related products recovered, while the challenging market environment for PVC-related products and weak domestic demand for PVC pipes continued. - FY2021-Q2RestatedAnnual report
「Despite working on price revisions and production efficiency and expanding sales of products from new businesses in a very difficult market environment for PVC-related products, demand weakness affected food-packaging materials, construction materials, and automotive-related material products, leaving overall sales below the previous year.」
The challenging market environment, including for PVC-related products, and weak demand for food packaging materials, construction materials, and automotive materials-related products continue. - FY2021-Q1RestatedAnnual report
「Despite working on price revisions and production efficiency and expanding sales of products from new businesses in a very difficult market environment for PVC-related products, demand weakness affected food-packaging materials, construction materials, and automotive-related material products, leaving overall sales below the previous year.」
Business sales fell below the previous year as the challenging market environment for PVC-related products and weak demand for food packaging materials, construction materials, and automotive materials-related products continued. - FY2020-Q3RestatedAnnual report
「In this business, amid an extremely challenging market environment for PVC-related products, the company worked on price revisions and production efficiency and promoted sales of new business products, but overall sales struggled to grow.」
The challenging market environment for PVC-related products continued, and business sales struggled to grow despite efforts to revise prices, improve production efficiency, and expand sales of new business products. - FY2020-Q2RestatedAnnual report
「In this business, amid an extremely challenging market environment for PVC-related products, the company worked on price revisions and production efficiency while promoting sales of new business products. Overall sales were flat.」
The challenging market environment for PVC-related products continued, and business sales remained flat despite efforts to revise prices, improve production efficiency, and expand sales of new business products. - FY2020-Q1RestatedAnnual report
「In this business, amid an extremely challenging market environment for PVC-related products, the company promoted price revisions and expanded sales of new business products, but overall sales struggled to grow.」
The challenging market environment for PVC-related products continued, and overall sales struggled to grow despite efforts to revise prices and expand sales of new business products. - FY2019-Q3RestatedAnnual report
「For packaging materials-related products such as wrapping film, price revisions were implemented for food supermarkets, but progress was limited for the food service industry. Shipments were generally sluggish, and sales were roughly in line with the previous year. For PVC pipe-related products, some price revisions were implemented amid intense market competition, but shipment volumes did not increase and sales were flat.」
While some price revisions progressed, there was little progress for the food service industry, and shipments and sales of packaging materials and PVC pipe-related products remain under pressure. - FY2019-Q3RestatedAnnual report
「In this business, amid an extremely challenging market environment for PVC-related products, the company worked on price revisions and production efficiency while stepping up sales of new business products. As a result, overall sales exceeded the previous year and profit increased substantially.」
Although the challenging market environment for PVC-related products continues, sales and profit are improving through price revisions, production efficiency improvements, and expanded sales of new business products. - FY2019-Q2RestatedAnnual report
「In this business, amid an extremely challenging market environment for PVC-related products, the company worked on price revisions and production efficiency while promoting sales of new business products. As a result, overall sales exceeded the previous year and profit increased.」
Although the challenging market environment for PVC-related products continues, sales and profit are improving through price revisions, production efficiency improvements, and expanded sales of new business products. - FY2019-Q1RestatedAnnual report
「In this business, amid an extremely challenging market environment for PVC-related products, the company worked on price revisions and production efficiency while promoting sales of new business products. As a result, overall sales exceeded the previous year and profit increased.」
Although the challenging market environment for PVC-related products continues, sales and profit are improving through price revisions, production efficiency improvements, and expanded sales of new business products. - FY2018-Q3RestatedAnnual report
「Despite a very difficult market environment for major products, the business worked on price revisions and efficiency improvements while expanding sales of products from new businesses, resulting in higher overall sales and a significant increase in profit.」
Although the market environment for major products remains challenging and price revisions continue to be difficult, sales and profit are improving through price revisions, efficiency improvements, and expanded sales of new products. - FY2018-Q2RestatedAnnual report
「In this business, despite an extremely challenging external environment, the company worked on price revisions and expanded sales of new products. Overall sales exceeded the previous year, and profit also increased.」
In the Residential Environment and Lifestyle Materials business, a challenging external environment and continued competition persist, but sales and profit improved through price revisions and expanded sales of new products. - FY2018-Q1RestatedAnnual report
「In this business, the company worked to expand sales of new products amid weak market demand, and overall sales exceeded the previous year.」
Although weak market demand continued, sales in the Residential Environment and Lifestyle Materials business exceeded the previous year due to expanded sales of new products. - FY2017WorsenedAnnual report
「In this business, the company worked to reorganize unprofitable businesses, but overall sales fell below the previous fiscal year because of weak domestic demand and price competition in the market for PVC-related products, and profit did not improve.」
Weak demand and continued price competition led to lower revenue in the Residential Environment and Lifestyle Materials business, while the operating loss widened from ¥39 million in the previous year to ¥116 million. - FY2017-Q3RestatedAnnual report
「In this business, overall sales declined because of weak domestic demand and price competition in the market for PVC-related products, but profit improved.」
Weak domestic demand and price competition for PVC-related products were cited as continuing factors behind the decline in sales. - FY2017-Q2RestatedAnnual report
「In this business, overall sales were slightly below the previous year because of weak domestic demand and price competition in the market for PVC-related products, but profit improved.」
Weak domestic demand and price competition for PVC-related products were cited as continuing factors restraining sales. - FY2017-Q1RestatedAnnual report
「In this business, overall sales were slightly below the previous year because of weak domestic demand and price competition in the market for PVC-related products, but profit improved.」
Weak domestic demand and price competition for PVC-related products were cited as continuing factors restraining sales. - FY2016MaterialisedAnnual report
「In this business, overall sales struggled to grow because of weak market demand and intensifying price competition, but profit improved due to lower raw material prices and other factors.」
Weak demand and intensifying price competition were cited as factors behind the lack of sales growth during the fiscal year.