Japanese KFC Ltd Profits Down Due to Fierce Price Competition

Due to the emerging demand for infrastructure, anti-seismic engineering materials markets has gained growth. KFC Ltd sees stable growth in the sales of civil engineering materials, buts its construction business sees no efficacy even if the company previously received orders for large scale constructions, which results in reduced income. Cost reduction has led to inability in compensating for the impact of price competition and finally resulted in reduced profits. On the other hand, the company has started sales of anchor bolts used for concrete and anti-falling constructions, trying to enhance its strength in anti-seismic engineering material.