Changes in Market Conditions and Intensifying Competition
First written in FY2022. 6 of 10 entries say "Restated". Latest entry: 2026-08-10.
Asnova moved to the "Worse" side of this theme in 2025, 2 years after the typical company in this theme (2023).
The whole theme swung hardest in 2020: 6 of 13 companies on the "Worse" side.
12 other companies' latest entry also says "Restated".
- FY2026WorsenedAnnual report
「Energy and raw-material prices remain elevated, and the global economy continues to be disrupted and the outlook uncertain because of factors including U.S. trade policy and heightened tensions in the Middle East.」
In addition to higher resource and energy prices, the company added U.S. trade policy, the situation in the Middle East and disruption to the global economy as factors contributing to uncertainty. - FY2025WorsenedAnnual report
「We recognize that the Group’s operating environment faces many downside risks, including weaker consumption caused by lower real wages as inflation persists, the prolonged Russia-Ukraine situation, higher material costs caused by surging resource and energy prices amid heightened tensions in the Middle East, and other geopolitical risks.」
In addition to higher resource and energy prices, the company specifically identifies weaker consumption due to inflation, heightened tensions in the Middle East and lower real wages as downside factors. - FY2025-H1RestatedAnnual report
「The outlook remains uncertain because energy and raw-material prices remain elevated and there are concerns about the impact of yen depreciation on consumer prices.」
The company continues to recognize an uncertain market environment due to elevated energy and raw-material prices, yen depreciation and concerns about inflationary effects. - FY2024-Q2RestatedAnnual report
「The outlook remains uncertain because energy and raw-material prices remain elevated and there are concerns about the impact of yen depreciation on consumer prices.」
The company continues to recognize an uncertain market environment due to elevated energy and raw-material prices, yen depreciation and concerns about inflationary effects. - FY2023RestatedAnnual report
「The outlook remains uncertain as energy and raw-material prices continue to rise amid the prolonged situation in Ukraine and ongoing global monetary tightening.」
The company continues to recognize an uncertain market environment caused by the situation in Ukraine, energy and raw-material prices and monetary tightening. - FY2023-Q3RestatedAnnual report
「The outlook remains uncertain because energy and raw-material prices have risen amid the prolonged situation in Ukraine and exchange-rate volatility caused by global monetary tightening. In Japan’s construction industry, which affects the Group’s results, public investment remains firm and private investment shows signs of recovery, but elevated construction-material prices and concerns about a global recession could affect our operating environment and require close monitoring.」
The company continues to identify energy and raw-material prices, exchange-rate volatility, high construction-material prices and global recession risk as factors contributing to an uncertain outlook. - FY2023-Q2WorsenedAnnual report
「The outlook remains uncertain because energy and raw-material prices remain elevated due in part to the prolonged situation in Ukraine, while rapid yen depreciation following interest-rate increases by central banks in various countries raises concerns about its impact on consumer prices.」
In addition to general changes in market conditions and intensifying competition, the company identifies the situation in Ukraine, energy and raw-material prices, rapid yen depreciation and inflationary effects as sources of uncertainty. - FY2022First statedAnnual report
「The market environment surrounding the company is changing rapidly, and competition is becoming increasingly intense.」
The company recognizes intensifying competition as an external factor that could impede sustained growth.