Intensifying Global Competition and Shrinking Domestic Market
First written in FY2016. 12 of 17 entries say "Restated". Latest entry: 2026-08-06.
J-Max moved to the "Worse" side of this theme in 2022, 3 years before the typical company in this theme (2025).
The whole theme swung hardest in 2024: 5 of 9 companies on the "Worse" side.
7 other companies' latest entry also says "Restated".
- 2026-08-06RestatedEarnings
「In China, as the adoption of new energy vehicles (NEVs) advances, market competition is becoming increasingly intense owing to the aggressive introduction of new models by Chinese OEMs. Against this backdrop, the business environment surrounding Japanese-affiliated OEMs remains challenging, and each company is reviewing its production structure and pursuing business structural reforms to strengthen competitiveness.」
The company reaffirmed the aggressive introduction of new models by Chinese OEMs in China’s NEV market and the challenging competitive environment surrounding Japanese-affiliated OEMs. - FY2026RestatedAnnual report
「China continues to maintain the world's largest scale of production and sales, led by new energy vehicles (NEVs), while sales of conventional internal combustion engine vehicles (ICEs) remain sluggish. Japanese OEMs continue to face challenging conditions, including being forced to respond to changes in the market structure and price competition.」
The company continues to identify the expansion of China's NEV market, sluggish ICE sales and the need for Japanese OEMs to respond to price competition as risks in the competitive environment. - FY2026-H1RestatedAnnual report
「Although Japanese automakers are strengthening their response to the shift toward electrification and software technology, they continue to face challenging conditions due to intensifying price competition with local brands and emerging EV manufacturers.」
The company reconfirms that Japanese automakers are strengthening their response, while price competition with local brands and emerging EV manufacturers continues to intensify. - FY2025-H1WorsenedAnnual report
「In China, production volumes in the first half declined due to the concentration of new-model launches in the second half of 2024, but domestic sales and exports of new energy vehicles remained strong. Japanese automakers, however, have seen production volumes decline and continue to face challenging conditions due to intensifying competition resulting from delays in responding to growing demand for new energy vehicles and the introduction of low-priced new energy vehicles.」
The company specifically describes the strong Chinese new energy vehicle market, intensifying competition due to the introduction of low-priced new energy vehicles and delayed responses by Japanese manufacturers, and declining production by Japanese manufacturers. - FY2024WorsenedAnnual report
「In recent years, the shift toward electrification has advanced rapidly in Asian automotive markets, particularly in China. In addition to the rise of local component manufacturers, production cuts by major customers have continued, making the environment surrounding the company increasingly challenging.」
The company identifies the shift toward electrification, the rise of local component manufacturers and continued production cuts by major customers as factors worsening the competitive environment. - FY2022WorsenedAnnual report
「In the automotive industry to which the Group belongs, global momentum toward achieving a decarbonized society is accelerating. In addition to further technological advances in automotive components accompanying vehicle electrification, global competition is expected to intensify further as automotive component suppliers form alliances and companies from other industries enter the automotive sector.」
In addition to intensifying global competition, the company identifies decarbonization and electrification, alliances among suppliers and entry by companies from other industries as specific factors driving greater competition. - FY2021-Q3RestatedAnnual report
「The business environment surrounding the Group is becoming increasingly challenging each year due to intensifying global competition, contraction of the domestic market and other factors.」
The company continues to cite intensifying global competition and contraction of the domestic market as challenges in its business environment. - FY2021-Q2RestatedAnnual report
「The business environment surrounding the Group is becoming increasingly challenging each year due to intensifying global competition, contraction of the domestic market and other factors.」
The company continues to cite intensifying global competition and contraction of the domestic market as challenges in its business environment. - FY2021-Q1RestatedAnnual report
「The business environment surrounding the Group is becoming increasingly challenging each year due to intensifying global competition, contraction of the domestic market and other factors.」
The company continues to cite intensifying global competition and contraction of the domestic market as challenges in its business environment. - FY2020WorsenedAnnual report
「The business environment surrounding the Group is expected to become even more competitive as vehicle electrification accelerates in the automotive industry, while various risks are also a concern, including younger people moving away from car ownership and a decline in the population of vehicle-buying age groups due to population decline.」
In addition to the previously cited intensification of global competition and contraction of the domestic market, the company has identified accelerating electrification, declining interest in car ownership and a shrinking vehicle-buying age population due to population decline as specific concerns. - FY2020-Q2RestatedAnnual report
「The business environment surrounding the Group is becoming increasingly challenging each year due to intensifying global competition, contraction of the domestic market and other factors.」
The company continues to cite intensifying global competition and contraction of the domestic market as challenges in its business environment. - FY2020-Q1RestatedAnnual report
「The business environment surrounding the Group is becoming increasingly challenging each year due to intensifying global competition, contraction of the domestic market and other factors.」
The company continues to cite intensifying global competition and contraction of the domestic market as the background to its business strategy. - FY2019-Q3RestatedAnnual report
「The business environment surrounding the Group is becoming increasingly challenging each year due to intensifying global competition, contraction of the domestic market and other factors.」
The company continues to cite intensifying global competition and contraction of the domestic market as the background to its business strategy. - FY2019-Q2RestatedAnnual report
「The business environment surrounding the Group is becoming increasingly challenging each year due to intensifying global competition, contraction of the domestic market and other factors.」
The company continues to cite intensifying global competition and contraction of the domestic market as challenges in its business environment. - FY2018-Q2RestatedAnnual report
「Although new vehicle sales in Japan have remained firm in recent years, replacement demand is expected to decline going forward, creating an uncertain outlook.」
The company states that while new vehicle sales in the domestic market remain firm, replacement demand is expected to decline in the future. - FY2017RestatedAnnual report
「The business environment surrounding the Group is becoming increasingly challenging each year due to intensifying global competition, contraction of the domestic market and other factors.」
The company continues to cite intensifying global competition and contraction of the domestic market as the background to its structural reforms and medium- to long-term growth strategy. - FY2016First statedAnnual report
「The business environment surrounding the Group is becoming increasingly challenging each year due to intensifying global competition, contraction of the domestic market and other factors, and the Group as a whole has experienced a substantial deterioration in business performance.」
This is presented as the background to the structural reforms and the formulation of the medium- to long-term business strategy.