Intensifying competition caused by population decline and changing preferences
First written in FY2016. 10 of 17 entries say "Worsened", first in FY2018. Latest entry: FY2026.
WILLPLUS Holdings moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
The whole theme swung hardest in 2019: 36 of 68 companies on the "Worse" side.
22 other companies' latest entry also says "Other".
- FY2026Market recovery alongside a decline in the number of brands handled by the companyAnnual report
「Registrations of foreign-brand vehicles increased 1.4% from the previous fiscal year to 236,923 units, and the imported-vehicle sales share rose to 9.3% from 8.9%. However, consumers remained cautious in their purchasing stance against a backdrop of rising prices and vehicle prices, sales conditions varied by brand and vehicle model, and new registrations of brands handled by us fell below the previous fiscal year. The business environment surrounding us therefore remained challenging.」
Although total registrations and market share for the imported-vehicle market recovered, the brands we handle remained below the previous fiscal year, and the disclosure also noted more cautious purchasing attitudes due to higher prices and vehicle prices. - FY2026-H1Market Recovery Coexisting With a Decline in the Company's BrandsAnnual report
「Meanwhile, new-vehicle registrations for passenger vehicles made by foreign manufacturers totaled 119,946 units, up 6.6% year on year (Note 2), exceeding the previous-year period. As a result, the share of imported vehicles in Japan rose to 9.9% from 8.7%. However, registrations of new vehicles from the brands we handle fell 1.6% year on year and were below the previous-year period, meaning that the business environment surrounding our company remains difficult.」
While foreign-manufacturer vehicle registrations and the share of imported-vehicle sales recovered, registrations for the brands we handle declined 1.6% year on year, and the assessment that the business environment remains difficult continued. - FY2025WorsenedAnnual report
「New-vehicle registrations for passenger vehicles made by foreign manufacturers totaled 233,684 units, down 1.8% from the previous fiscal year, while the share of imported vehicles in Japan also fell to 8.9% from 9.4%. The difficult business environment for imported-vehicle sales continues.」
Foreign-manufacturer vehicle registrations fell 1.8% from the previous fiscal year, while the share of imported-vehicle sales declined from 9.4% to 8.9%, confirming the continued challenging market and competitive environment. - FY2025-H1WorsenedAnnual report
「New-vehicle registrations by foreign manufacturers totaled 112,441, substantially below the 124,968 recorded in the same period of the previous year, representing 90.0% year on year (Note 2). The imported-vehicle sales environment in Japan remains challenging, with imported vehicles accounting for 8.7% of domestic sales, down from 9.7% in the same period of the previous year (Note 2).」
Foreign-manufacturer vehicle registrations were 90.0% of the previous-year period, while the share of imported-vehicle sales declined from 9.7% to 8.7%, further quantifying the contraction of the imported-vehicle market and the challenging competitive environment. - FY2024WorsenedAnnual report
「The automotive retail market is significantly affected by economic conditions, including economic and consumer trends. In addition, the market is expected to continue contracting because of population decline, longer vehicle ownership periods and the declining ownership of vehicles in urban areas.」
Continued risks from market contraction, population decline, longer ownership periods, declining vehicle ownership in urban areas, industry consolidation and failure to meet plans. Foreign-manufacturer vehicle registrations were 96.5% of the previous fiscal year, while the share of imported-vehicle sales declined to 9.4%. - FY2024-Q3WorsenedAnnual report
「New-vehicle registrations for passenger vehicles made by foreign manufacturers totaled 184,506 units, down from 187,895 units in the previous-year period and representing 98.2% of that level. The share of imported vehicles in Japan also fell to 9.5% from 10.0%, and the difficult business environment for imported-vehicle sales continues.」
Foreign-manufacturer vehicle registrations were 98.2% of the previous-year period, while the share of imported-vehicle sales declined from 10.0% to 9.5%, quantitatively confirming the continued contraction of the market and challenging competitive environment. - FY2024-Q1WorsenedAnnual report
「New-vehicle registrations for passenger vehicles made by foreign manufacturers totaled 61,654 units, up 105.4% from the previous-year period. However, the share of imported vehicles in Japan fell to 9.6% from 10.6%, indicating that the business environment for imported-vehicle sales is recovering more slowly than that for domestic vehicles, and uncertainty continues.」
While registrations of foreign-manufacturer vehicles recovered, the share of imported-vehicle sales declined year on year, making market and competitive risks concrete in a business environment recovering more slowly than the domestic-vehicle market. - FY2023RestatedAnnual report
「The automotive retail market is significantly affected by economic conditions, including economic and consumer trends. In addition, the market is expected to continue contracting because of population decline, longer vehicle ownership periods and the declining ownership of vehicles in urban areas. This may lead to more intense industry consolidation among vehicle retailers. If changes in the market environment prevent our Group from carrying out its business plans as intended, our performance may be affected.」
Continued risks from population decline, longer ownership periods, declining vehicle ownership, market contraction, industry consolidation and failure to meet plans. - FY2021RestatedAnnual report
「The automotive retail market is significantly affected by economic conditions, including economic and consumer trends. In addition, the market is expected to continue contracting because of population decline, longer vehicle ownership periods and the declining ownership of vehicles in urban areas. This may lead to more intense industry consolidation among vehicle retailers. If changes in the market environment prevent our Group from carrying out its business plans as intended, our performance may be affected.」
Continued risks from population decline, longer ownership periods, declining vehicle ownership in urban areas, market contraction, industry consolidation and failure to meet plans. - FY2020RestatedAnnual report
「The automotive retail market is significantly affected by economic conditions, including economic and consumer trends. In addition, the market is expected to continue contracting because of population decline, longer vehicle ownership periods and the declining ownership of vehicles in urban areas due to car sharing and other factors. This may lead to more intense industry consolidation among vehicle retailers. If changes in the market environment prevent our Group from carrying out its business plans as intended, our performance may be affected.」
Continued risks from population decline, longer ownership periods, reduced vehicle ownership due to car sharing, market contraction and industry consolidation. - FY2019WorsenedAnnual report
「The automotive retail market is significantly affected by economic conditions, including economic and consumer trends. In addition, the market is expected to continue contracting because of population decline, longer vehicle ownership periods and the declining ownership of vehicles in urban areas due to car sharing and other factors. This may lead to more intense industry consolidation among vehicle retailers.」
The disclosure identified reduced vehicle ownership due to car sharing as a factor behind market contraction and expanded its scope to include the risk that plans may not be carried out because of changes in the market environment, in addition to intensified industry consolidation. - FY2018WorsenedAnnual report
「The automotive retail market is significantly affected by economic conditions, including economic and consumer trends. In addition, the market is expected to continue contracting because of population decline, longer vehicle ownership periods and the declining ownership of vehicles in urban areas. This may lead to more intense industry consolidation among vehicle retailers.」
In addition to market contraction caused by population decline and other factors, intensified industry consolidation among vehicle retailers was explicitly identified as a new factor affecting the business. - FY2017RestatedAnnual report
「However, the automotive retail market is expected to contract because of Japan's declining population and changing preferences among younger people. If competition with other companies in the industry intensifies, our Group's performance may be affected.」
Continued disclosure of the risks of market contraction caused by population decline and changing preferences among younger people, and intensifying competition. - FY2016First statedAnnual report
「However, the automotive retail market is expected to contract because of Japan's declining population and changing preferences among younger people. If competition with other companies in the industry intensifies, our Group's performance may be affected.」
Linked market contraction with intensifying competition from other companies in the industry.