Declining Demand for Core Products as Electric and Fuel-Cell Vehicles Become More Widespread
First written in FY2016. 4 of 10 entries say "Worsened", first in FY2021. Latest entry: FY2026.
Awa Paper & Technological Company moved to the "Worse" side of this theme in 2021, 1 year before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 11 of 29 companies on the "Worse" side.
11 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Meanwhile, we have been developing the market for thermal insulation materials used in electric and fuel-cell vehicles and other applications in anticipation of the global shift toward electric vehicles. However, the recent retreat from rapid electrification has become pronounced, and demand for these materials may decline substantially.」
The slowdown in the pace of electrification is expressly identified as a factor that may significantly reduce demand in the thermal insulation materials market. - FY2025SoftenedAnnual report
「Demand for automotive-related materials is expected to remain firm for the time being, partly because the trend toward vehicle electrification has slowed.」
The long-term risk of declining demand for engine-related products due to vehicle electrification remains, but the outlook indicates that demand for automotive-related materials will remain firm for the time being as the pace of electrification slows. - FY2023WorsenedAnnual report
「Rapid adoption of electric and fuel-cell vehicles is expected in the future in the automotive-related materials business, our core business, and demand for our group's engine-related products may decline substantially.」
Regarding the adoption of electric and fuel-cell vehicles, the disclosure expressly identifies the possibility of rapid adoption and a substantial decline in demand for engine-related products. - FY2022WorsenedAnnual report
「In addition, in the water-treatment-related materials business, aggressive sales efforts by new entrants and existing competitors may significantly reduce our group's market share of nonwoven fabrics used as supports for separation membranes.」
In addition to declining demand for engine-related products due to vehicle electrification, the disclosure identifies the risk of a significant decline in market share due to competitors' aggressive sales efforts in the water-treatment field. - FY2021WorsenedAnnual report
「In addition, if the technological advantage of our group is lost due to new technological innovations or delays in the group's development activities, this may adversely affect growth and business performance.」
In addition to the risk of declining demand for existing products due to electric and fuel-cell vehicles, the disclosure expressly identifies the loss of technological advantages due to new technological innovations or development delays. - FY2019RestatedAnnual report
「If electric and fuel-cell vehicles become more widespread in the automotive-related materials business operated by our group, demand for our current core products, including filter media for engines and friction materials for clutch plates, may decline and affect the group's business performance.」
The risk of declining demand for core products due to the adoption of electric and fuel-cell vehicles remains present. - FY2018RestatedAnnual report
「If electric and fuel-cell vehicles become more widespread in the automotive-related materials business operated by our group, demand for our current core products, including filter media for engines and friction materials for clutch plates, may decline and affect the group's business performance.」
The risk of declining demand for core products due to the adoption of electric and fuel-cell vehicles remains present. - FY2016First statedAnnual report
「If electric and fuel-cell vehicles become more widespread in the automotive-related materials business operated by our group, demand for our current core products, including filter media for engines and friction materials for clutch plates, may decline and affect the group's business performance.」
The disclosure identifies the risk of technological change affecting existing filter media for engines and friction materials for clutch plates.