Risk of declining demand for vehicle maintenance and accident repairs
First written in FY2022. 1 of 2 entries say "Restated". Latest entry: FY2023.
No other company in this theme has enough history to compare yet.
- FY2023RestatedAnnual report
「Changes to or reductions in vehicle inspections, inspection periods or inspection and maintenance items resulting from regulatory revisions, customers’ increased reluctance to spend on vehicle repairs and maintenance, or a significant decline in breakdowns and vehicle accidents resulting from improved vehicle quality, technological innovation or other factors」
Factors contributing to declining demand for vehicle maintenance and accident repairs continue to be listed. - FY2022First statedAnnual report
「If revenue from the Auto Services Group declines due to changes to or reductions in vehicle inspections, inspection periods or inspection and maintenance items resulting from regulatory revisions, customers’ increased reluctance to spend on vehicle repairs and maintenance, or a significant decline in breakdowns and vehicle accidents resulting from improved vehicle quality, technological innovation or other factors, this could affect the business and performance of the Group.」
The possibility of declining demand for repairs and maintenance due to regulatory revisions, customers’ spending attitudes, improved vehicle quality and technological innovation was identified for the first time.