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WILLPLUS Holdings (3538) · RiskRestated

Structural contraction of the domestic automotive market

First written in FY2016. 9 of 17 entries say "Restated". Latest entry: FY2026.

17entries
11years
5from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2018RestatedFY2020 – FY20242016: 12017: 120172018: 120182019: 120192020: 120202021: 120212022: 020222023: 120232024: 120242025: 220252026: 72026
Same theme, other companies

WILLPLUS Holdings moved to the "Worse" side of this theme in 2025, 5 years after the typical company in this theme (2020).

The whole theme swung hardest in 2020: 7 of 12 companies on the "Worse" side.

4 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 17 companies compared. The sentences above are computed from all 17.
Full recordFilings, disclosures and news, newest first
  1. FY2026RestatedAnnual report

    「In the imported-vehicle sales industry, the market is expected to contract over the medium to long term due to structural factors including a declining younger population, reduced car ownership in urban areas, and longer vehicle ownership periods.」

    We continue to expect the domestic imported-vehicle market to contract over the medium to long term due to the declining younger population, reduced car ownership, and longer vehicle ownership periods.
  2. 2026-09-03Worsenedminkabu.jp

    「In 2026, activity so far has continued at a pace below the previous year, and challenging market conditions persist.」

    The prolonged downturn in the new imported-vehicle sales market, its contraction from the previous peak, and current-year sales below the previous year were reported with specific figures and conditions.
  3. FY2025RestatedAnnual report

    「In the imported-vehicle sales industry, market contraction is considered unavoidable due to structural factors, including the declining number of younger people, reduced vehicle ownership in urban areas and longer vehicle ownership periods.」

    Continues to identify the structural contraction of Japan's imported-vehicle market as a key issue, driven by the same factors as before.
  4. 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).」

    New-vehicle registrations by foreign manufacturers fell to 90.0% year on year, while the imported-vehicle sales share declined from 9.7% to 8.7%, making the difficult conditions in Japan's imported-vehicle market more evident in numerical terms.
  5. FY2024RestatedAnnual report

    「In the imported-vehicle sales industry, market contraction is considered unavoidable due to structural factors, including the declining number of younger people, reduced vehicle ownership in urban areas and longer vehicle ownership periods.」

    Continues to recognize contraction in the domestic market driven by the declining younger population, reduced vehicle ownership and longer vehicle ownership periods.
  6. FY2023RestatedAnnual report

    「In the imported-vehicle sales industry, market contraction is considered unavoidable due to structural factors, including the declining number of younger people, reduced vehicle ownership in urban areas and longer vehicle ownership periods.」

    Continues to recognize contraction in the domestic market driven by the declining younger population, reduced vehicle ownership and longer vehicle ownership periods.
  7. FY2021RestatedAnnual report

    「In the imported-vehicle sales industry, market contraction is considered unavoidable due to structural factors, including the declining number of younger people, reduced vehicle ownership in urban areas and longer vehicle ownership periods.」

    Continues to recognize contraction in the domestic market driven by the declining younger population, reduced vehicle ownership and longer vehicle ownership periods.
  8. FY2020RestatedAnnual report

    「In the imported-vehicle sales industry, market contraction is considered unavoidable due to structural factors, including the declining number of younger people, reduced vehicle ownership in urban areas and longer vehicle ownership periods.」

    Continues to recognize contraction in the domestic market driven by the declining younger population, reduced vehicle ownership and longer vehicle ownership periods.
  9. FY2019WorsenedAnnual report

    「In the imported-vehicle sales industry, market contraction is considered unavoidable due to structural factors, including the declining number of younger people, reduced vehicle ownership in urban areas and longer vehicle ownership periods.」

    In addition to the structural factors behind market contraction, the current year's risk disclosure explicitly identified car sharing, which reduces vehicle ownership, as another factor.
  10. FY2018RestatedAnnual report

    「In the imported-vehicle sales industry, market contraction is considered unavoidable due to structural factors, including the declining number of younger people, reduced vehicle ownership in urban areas and longer vehicle ownership periods.」

    Continues to recognize market contraction driven by the declining younger population, reduced vehicle ownership and longer vehicle ownership periods.
  11. FY2017RestatedAnnual report

    「In the imported-vehicle sales industry, market contraction is considered unavoidable due to structural factors, including the declining number of younger people, reduced vehicle ownership in urban areas and longer vehicle ownership periods.」

    Continues to identify the decline in the younger population, reduced vehicle ownership and longer vehicle ownership periods as structural factors behind market contraction.
  12. FY2016First statedAnnual report

    「In the imported-vehicle sales industry, market contraction is considered unavoidable due to structural factors, including the declining number of younger people, reduced vehicle ownership in urban areas and longer vehicle ownership periods.」

    Recognizes the decline in the younger population, reduced vehicle ownership and longer vehicle ownership periods as factors driving market contraction.
Moved together

"Intensifying competition caused by population decline and changing preferences" moved the same way as this thread, in the same document, in 5 of its 17 moves.

544322★123456
  1. ★This thread
  2. 1Intensifying competition caused by population decline and changing preferences5×
  3. 2Rising reliance on interest-bearing debt and difficulty obtaining financing4×
  4. 3Foreign exchange, export-country regulatory and ocean transport risks associated with the used-car export business4×
  5. 4Higher procurement costs due to the booming used-car market3×
  6. 5Improving the profitability of existing stores and increasing the efficiency of new openings2×
  7. 6Revenue and profit exceeding the previous fiscal year2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for WILLPLUS Holdings yet. It last moved in the Results presentation of 2026-08-27: "Worsened".
Structural contraction of the domestic automotive market | WILLPLUS Holdings Corporation (3538) | Komori