Temporary decline in airbag orders
First written in FY2018-Q1. 2 of 5 entries say "Restated". Latest entry: FY2024.
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- FY2024MitigatedAnnual report
「As the shortages of semiconductors and increases in raw material prices and transportation costs eased, orders for automotive seats and airbags increased, while quality improvements and cost-reduction initiatives at each site also proved effective, resulting in higher revenue and profit.」
Compared with the previously reported decline in airbag orders, increased orders for car seats and airbags were reported, and the automotive materials business posted higher revenue and profit. - FY2019-Q1RestatedAnnual report
「In the overseas business, the airbag business in Thailand struggled, while sales of differentiated products, including Cuore®, remained strong in the United States and China.」
While the airbag business in Thailand continued to struggle, sales of differentiated products remained strong in the United States and China. - FY2018-Q3Added weakness in the overseas airbag businessAnnual report
「However, affected by factors including a temporary decline in airbag orders, the domestic business posted a slight year-on-year decline in profit. In the overseas business, the airbag business in Thailand struggled, but」
In addition to lower profit due to a temporary decline in domestic airbag orders, weakness in the airbag business in Thailand was reported. - FY2018-Q2RestatedAnnual report
「However, the domestic business posted a slight year-on-year decline in earnings because of factors including a temporary decline in airbag orders.」
The company continues to report that a temporary decline in airbag orders has been a factor behind lower profit in the domestic automotive materials business. - FY2018-Q1First statedAnnual report
「However, the domestic business posted a slight year-on-year decline in earnings because of factors including a temporary decline in airbag orders.」
A temporary decline in airbag orders was first identified as a factor behind lower earnings in the domestic automotive materials business.