Success is typically seen as something that is improving, whether profit or market share. Shrinking while still remaining profitable sits in a more gray zone. I think most don't see this as successful, but I wouldn't call it a complete failure either, unless you consider selling a local company to a foreign company a failure.
I've heard Japanese steel is pretty great, or at least a common sentiment
Aluminum, copper and steel. Something to think about next time you get anywhere near a car, train, airplane, skyscraper, or bridge.
https://money.cnn.com/2017/10/16/news/companies/kobe-steel-s...
They were probably being compelled to do that because of the vast amounts of fraud committed by Chinese Aluminum producers. The purity issue was so bad my anodizing shop started recommending our customers demand mil certs from a reputable manufacturer, like Alcoa or Kaiser, and then specifically clarifying to the extruder that they intended to anodize it; being a chemical process anodizing is very dependent on the metal’s makeup and the extruder knows this.
[1] https://www.reuters.com/article/us-usa-china-fraud-idUSKCN1U...
Is a scandal at one company evidence for the entire industry in a country?
Is there similar information about other Japanese companies? What about the industry at large? The prevailing sentiment is that Chinese steel has similar issues.