Expansion of the North American Automotive Glass Business
First written in FY2016. 8 of 21 entries say "Restated". Latest entry: FY2022.
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- FY2022DroppedAnnual report
「We have decided to transfer the European and U.S. automotive glass businesses and focus the future glass business on improving the domestic business.」
Following the expansion of the North American automotive glass business, the company entered into an agreement to transfer all shares of its US and European subsidiaries and completed the transfer on 7 May 2022. The company recorded ¥48,404 million as an allowance for losses on the transfer of shares in affiliated companies. - FY2022-Q3Overseas sales above, domestic sales below the same period of the previous yearAnnual report
「Automotive glass sales were affected in the same period of the previous year by production suspensions by automobile manufacturers to prevent the spread of COVID-19, and in the current period by production cuts due to semiconductor shortages and disruptions in parts supplies caused by the spreading COVID-19 outbreak in Southeast Asia. Domestic sales fell below the same period of the previous year because the impact of production cuts in the current period lasted for an extended period. Although overseas sales had not yet returned to pre-COVID levels, they exceeded the same period of the previous year because the decline in sales caused by automobile manufacturers' production suspensions in the previous year had been greater overseas than in Japan.」
Production cuts caused by semiconductor shortages and disruptions in parts supplies caused domestic sales to fall below the same period of the previous year, while overseas sales exceeded the same period of the previous year due to the rebound from production suspensions in the previous year. - FY2022-Q2Above the same period of the previous year in Japan and overseas (under supply constraints)Annual report
「Domestic automotive glass sales exceeded the same period of the previous year, despite the impact of production cuts by automobile manufacturers due to semiconductor shortages and parts shortages caused by the spreading COVID-19 outbreak in Southeast Asia, because production had been temporarily suspended on a larger scale in the same period of the previous year due to COVID-19. Overseas results for the second quarter include January through June. Although production cuts by automobile manufacturers were affected by semiconductor shortages, production had been temporarily suspended on a larger scale from April through June in the same period of the previous year due to COVID-19, and sales exceeded the same period of the previous year.」
Although automotive manufacturers' production cuts due to shortages of semiconductors and parts affected sales, automotive glass sales in Japan and overseas exceeded the same period of the previous year due to the rebound from production suspensions in the same period of the previous year. - FY2022-Q1Domestic recovery, overseas declineAnnual report
「Domestic automotive glass sales substantially exceeded the same period of the previous year, despite the impact of production cuts by automobile manufacturers due to semiconductor shortages, because production had been temporarily suspended on a larger scale in the same period of the previous year due to COVID-19. Overseas results for the first quarter include January through March. In the current period, production was temporarily suspended by automobile manufacturers due to a cold wave in North America, and … sales fell below the same period of the previous year.」
Automotive glass sales in Japan rose substantially due to the rebound from production suspensions in the same period of the previous year, while overseas sales fell below the same period of the previous year due in part to production suspensions caused by a cold wave in North America. - FY2021WorsenedAnnual report
「Automotive glass sales in Japan and overseas fell below the previous period due to the sharp decline in sales during the first half caused by COVID-19.」
Automotive glass sales in Japan and overseas fell below the previous period due to the impact of the sharp decline in first-half sales caused by COVID-19. - FY2021-Q3Recovering, but still below the same period of the previous yearAnnual report
「Although automotive glass sales in Japan and overseas were recovering from the impact of COVID-19, sales in both markets fell below the same period of the previous year due to the impact of the sharp decline in sales during the first half.」
Automotive glass sales in Japan and overseas were recovering, but the impact of the decline in first-half sales remained, causing sales to fall below the same period of the previous year. - FY2021-Q2WorsenedAnnual report
「Although automotive glass sales in Japan and overseas were recovering, domestic sales were substantially below the same period of the previous year due to production cuts by automobile manufacturers amid the impact of COVID-19, while overseas sales also fell substantially below the same period of the previous year due to COVID-19.」
Automotive glass sales fell substantially below the same period of the previous year due to production cuts by automobile manufacturers in Japan and overseas and the impact of COVID-19. - FY2021-Q1WorsenedAnnual report
「In Japan, automotive glass sales fell substantially below the same period of the previous year as automobile manufacturers curtailed or temporarily suspended production due to the impact of COVID-19. Overseas sales also fell substantially below the same period of the previous year due in part to the impact of COVID-19.」
In addition to the previous slowdown in North American and European sales, automobile manufacturers' production cuts and temporary suspensions due to COVID-19 affected automotive glass sales in Japan and overseas, which fell substantially below the same period of the previous year. - FY2020WorsenedAnnual report
「Automotive glass sales in Japan exceeded the previous period, despite the impact of slower new-vehicle sales, because sales of certain products were reclassified from architectural glass to automotive glass. Overseas sales, however, were affected by the decline in automobile sales in Europe and the US, causing total sales to fall below the previous period.」
Overseas automotive glass sales fell below the previous period, reflecting the decline in automobile sales in Europe and the US. - FY2020-Q3WorsenedAnnual report
「Domestic automotive glass sales exceeded the same period of the previous year despite the impact of slower new-vehicle sales, partly because sales of certain products were reclassified from architectural glass to automotive glass. However, sales were below the same period of the previous year because overseas markets were affected by declines in automobile sales volumes in Europe and the United States.」
For overseas automotive glass, sales fell below the same period of the previous year, reflecting the decline in automobile sales in Europe and the US in addition to the previous slowdown in North American and European sales. - FY2020-Q2RestatedAnnual report
「Domestic automotive glass shipments remained firm, and sales exceeded the same period of the previous year partly because sales of certain products were reclassified from architectural glass to automotive glass. However, sales were below the same period of the previous year due to the impact of an economic slowdown overseas and other factors.」
Although domestic shipments remained firm, automotive glass sales were below the same period of the previous year due to an economic slowdown overseas and other factors. - FY2020-Q1RestatedAnnual report
「Domestic shipments of automotive glass were in line with the same period of the previous year. Although sales exceeded the same period of the previous year due to the reclassification of certain products from architectural glass to automotive glass, sales were below the same period of the previous year because of a significant slowdown in European sales.」
The slowdown in European automotive glass sales continued, and sales were below the same period of the previous year. The previously reported slowdown in overseas sales also continued. - FY2019-Q3WorsenedAnnual report
「For automotive glass, sales were below the same period of the previous year due to slowing sales in North America and Europe, despite strong domestic performance, particularly for minicars.」
In addition to the previously reported slowdown in North American sales, the Company reported a slowdown in European sales, and automotive glass sales were below the same period of the previous year. - FY2019-Q2RestatedAnnual report
「For automotive glass, sales were below the same period of the previous year due to slowing sales in North America, despite firm domestic performance.」
The Company states that slowing North American automotive glass sales continued, resulting in sales below the same period of the previous year. - FY2019-Q1RestatedAnnual report
「For automotive glass, sales were below the same period of the previous year due to slowing sales in North America and the impact of foreign exchange movements, despite firm domestic performance.」
The Company states that automotive glass sales were below the same period of the previous year due to slowing North American sales and the impact of foreign exchange movements. - FY2018RestatedAnnual report
「For automotive glass, sales were below the previous fiscal year due to slowing sales in North America and the impact of inventory adjustments by certain customers, despite firm domestic performance.」
The Company states that automotive glass sales were below the previous fiscal year due to slowing North American sales and customer inventory adjustments. - FY2018-Q3RestatedAnnual report
「Although automotive glass sales declined in foreign-currency terms due to slowing sales in North America and inventory adjustments by certain customers, sales exceeded the same period of the previous year because of firm domestic market conditions and foreign exchange movements.」
Although slowing North American sales and customer inventory adjustments continued, sales exceeded the same period of the previous year due to firm domestic market conditions and foreign exchange movements. - FY2018-Q2RestatedAnnual report
「Although automotive glass sales declined in foreign-currency terms due to slowing sales in North America and inventory adjustments by certain customers, sales exceeded the same period of the previous year because of firm domestic market conditions and foreign exchange movements.」
Although slowing North American sales and customer inventory adjustments continued, automotive glass sales exceeded the same period of the previous year due to firm domestic market conditions and foreign exchange movements. - FY2018-Q1Slowing North American salesAnnual report
「For automotive glass, sales were below the same period of the previous year despite firm domestic conditions, due in part to slowing sales in North America and inventory adjustments by certain customers.」
Automotive glass sales in the North American business were below the same period of the previous year due to slowing North American sales and customer inventory adjustments. - FY2017RestatedAnnual report
「For automotive glass, sales were lower than in the previous fiscal year because, in addition to a decline in shipments for domestic minicars, the North American automotive market, despite remaining favorable, was affected by foreign exchange movements.」
The Company continues to report on the North American automotive market and automotive glass business, but sales were lower than in the previous fiscal year due to the impact of foreign exchange movements. - FY2016Cited as achievedAnnual report
「In addition to favorable conditions in the North American automotive market, sales exceeded the previous fiscal year partly due to the sales contribution from the two subsidiaries acquired from Guardian Industries Corp. of the United States in November 2014.」
The Company states that previous acquisitions and favorable conditions in the North American market contributed to higher automotive glass sales in the current fiscal year.