Contraction of the automotive products market and changes in demand structure
First written in FY2016. 22 of 30 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 4 of 8 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The market is expected to remain on a contraction trend, against a backdrop of consumers' preference for thrift and younger people moving away from cars.」
Market contraction driven by consumers' preference for thrift and younger people moving away from cars continues to be identified as a business challenge. - FY2026-H1RestatedAnnual report
「During the current interim accounting period, there was no emergence of new business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
The Company states that no new business risks arose and that no material changes occurred in existing risks. - FY2025-H1RestatedAnnual report
「During the current interim accounting period, there was no emergence of new business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
The Company states that no new business risks arose and that no material changes occurred in existing risks. - FY2024RestatedAnnual report
「The challenges to be addressed include the expected continuation of market contraction, driven by consumers' preference for thrift and younger people moving away from cars.」
The contraction trend in the automotive products market continues to be identified as a business challenge. - FY2024-Q3RestatedAnnual report
「There were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year during the cumulative third quarter period.」
The Company states that no new risks arose and that no material changes occurred in existing risks. - FY2024-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The Company states that no new risks arose and that no material changes occurred in existing risks. - FY2023RestatedAnnual report
「The challenges to be addressed include the expected continuation of market contraction, driven by consumers' preference for thrift and younger people moving away from cars.」
The contraction trend in the automotive products market is reaffirmed as a full-year business challenge to be addressed. - FY2023-Q3RestatedAnnual report
「There were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year during the cumulative third quarter period.」
The Company explicitly states that no new risks arose and that no material changes occurred in existing risks. - FY2023-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The Company states that no new risks arose and that no material changes occurred in existing risks. - FY2021RestatedAnnual report
「The automotive products industry is expected to remain on a continued contraction trend due to consumers' preference for thrift and younger people moving away from cars, and the impact of the novel coronavirus disease is expected to continue for the time being.」
The Company continues to identify market contraction and the ongoing impact of the novel coronavirus disease as business-environment factors. - FY2021-Q3RestatedAnnual report
「The automotive products industry is expected to remain on a continued contraction trend due to consumers' preference for thrift and younger people moving away from cars, and the impact of the novel coronavirus disease is expected to continue for the time being.」
The Company reconfirms that market contraction and the impact of the novel coronavirus disease will continue. - FY2021-Q2WorsenedAnnual report
「Although the prolonged spread of the novel coronavirus disease did not result in a significant deterioration, transaction demand itself declined, partly due to the reversal of special demand ahead of tire price increases in September of the previous year.」
In addition to market contraction and the pandemic, the decline in transaction demand following special demand ahead of the previous year's tire price increases is identified as a factor affecting the business environment. - FY2021-Q1WorsenedAnnual report
「The automotive products industry is expected to remain on a continued contraction trend due to consumers' preference for thrift and younger people moving away from cars, and the impact of the novel coronavirus disease is expected to continue for the time being.」
The Company continues to indicate that the novel coronavirus disease will affect the business environment for the time being. - FY2020WorsenedAnnual report
「The automotive products industry is expected to remain on a continued contraction trend due to consumers' preference for thrift and younger people moving away from cars, and the impact of the novel coronavirus disease is expected to continue for the time being.」
The expected ongoing impact of the novel coronavirus disease is added to the existing market-contraction factors. - FY2020-Q3WorsenedAnnual report
「Following the consumption tax rate increase in October 2019, consumers became more inclined to save, and spending restraint intensified further.」
In addition to consumers' existing preference for thrift and market contraction, the disclosure identifies stronger saving preferences and spending restraint after the consumption tax increase. - FY2020-Q2RestatedAnnual report
「In the automotive products industry, the market is expected to continue contracting, owing to consumers' preference for saving and the continuing decline in car ownership among younger people.」
The contraction trend in the automotive products market is identified as an ongoing business challenge. - FY2020-Q1WorsenedAnnual report
「However, sales competition intensified due to market conditions and other factors. As the number of tires sold and the average price per tire declined, revenue fell 7.7% from the same quarter of the previous year.」
In addition to market contraction and changes in demand, intensifying competition in tire sales is explicitly identified, with the impact reflected in lower unit sales and prices. - FY2019RestatedAnnual report
「In the automotive products industry, the market is expected to continue contracting, owing to consumers' preference for saving and the continuing decline in car ownership among younger people.」
Concerns over market contraction are reconfirmed. - FY2019-Q3RestatedAnnual report
「In the automotive products industry, the market is expected to continue contracting, owing to consumers' preference for saving and the continuing decline in car ownership among younger people.」
The contraction trend in the automotive products market is identified as an ongoing business-environment risk. - FY2019-Q2RestatedAnnual report
「In the automotive products industry, the market is expected to continue contracting, owing to consumers' preference for saving and the continuing decline in car ownership among younger people.」
The contraction trend in the automotive products market is reconfirmed as an ongoing difficult business environment. - FY2019-Q1RestatedAnnual report
「In the automotive products industry, the market is expected to continue contracting, owing to consumers' preference for saving and the continuing decline in car ownership among younger people.」
The contraction trend in the automotive products market is reconfirmed as an ongoing difficult business environment. - FY2018RestatedAnnual report
「In the automotive products industry, the market is expected to continue contracting, owing to consumers' preference for saving and the continuing decline in car ownership among younger people.」
Concerns over market contraction are reconfirmed. - FY2018-Q3Some demand recovery alongside concerns over market contractionAnnual report
「The environment surrounding the Group showed signs of recovery, with new-vehicle sales in our home prefecture of Chiba increasing 2.6% year on year. Tire sales also grew, driven by rush demand ahead of manufacturers' price increases due to higher raw-material costs and by a cold wave in the Kanto region.」
Although new-vehicle sales and tire demand recovered and grew, the Company continued to identify market contraction driven by consumers' preference for thrift and younger people moving away from cars as a challenge, indicating that improvement and contraction concerns coexisted. - FY2018-Q2RestatedAnnual report
「The automotive products industry is expected to remain on a continued contraction trend, due to car users' preference for thrift and younger people moving away from cars.」
The contraction trend in the automotive products market is identified as an ongoing business-environment risk. - FY2018-Q1RestatedAnnual report
「The automotive products industry is expected to remain on a continued contraction trend, due to car users' preference for thrift and younger people moving away from cars.」
The contraction trend in the automotive products market is reconfirmed as an ongoing difficult business environment. - FY2017RestatedAnnual report
「Domestic new-vehicle sales, which had been sluggish, showed signs of recovery, and demand for winter products temporarily increased following snowfall in November. However, consumer sentiment did not improve, and the operating environment remained challenging.」
Although new-vehicle sales and winter-product demand improved to some extent, consumer sentiment did not recover and difficult market conditions continued. - FY2017-Q3Partial improvement in market conditions while challenging conditions continuedAnnual report
「Domestic new-vehicle sales, which had been sluggish, showed signs of recovery, and demand for winter products increased following snowfall in November. However, consumer sentiment did not improve, and the operating environment remained challenging.」
Although domestic new-vehicle sales and winter-product demand showed some improvement, consumer sentiment did not recover and difficult market conditions continued. - FY2017-Q2RestatedAnnual report
「The automotive products industry faced a continued challenging operating environment. Demand for summer-tire changes declined following weak sales of winter products in the preceding fiscal year, while demand for automotive products at the time of vehicle purchase also declined because domestic new-vehicle sales remained sluggish.」
The challenging environment caused by weak winter-product sales, sluggish new-vehicle sales and lower demand for automotive products is reconfirmed. - FY2017-Q1RestatedAnnual report
「The automotive products industry faced a challenging operating environment, including sluggish new-vehicle sales and lower demand for switching to summer tires because of weak sales of winter products in the preceding fiscal year.」
The risks of market contraction and weaker demand are reaffirmed through specific conditions, including sluggish new-vehicle sales and lower demand for summer-tire changes. - FY2016First statedAnnual report
「In the automotive products industry, the market is expected to continue contracting, owing to consumers' preference for saving and the continuing decline in car ownership among younger people.」
The Group identifies continued market contraction, driven by consumers' preference for saving and declining car ownership among younger people, as an ongoing business-environment risk.