Responding to Digital Technological Innovation, the SDGs and the Shift to EVs
First written in FY2022. 2 of 6 entries say "Worsened", first in FY2023-Q1. Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025RestatedAnnual report
「In research and development using new technologies, we will continue to pursue initiatives toward carbon neutrality and research and development of components for electric vehicles. For products such as industrial hoses, tubes for scientific and medical applications and food applications, and rubber sheets for infrastructure, we will continue to pursue product development that contributes to a sustainable society, rather than merely anticipating market needs.」
The Group reiterates its policy of responding to changes in business structure, including digital technologies, the SDGs and the shift to EVs, through carbon neutrality initiatives, components for electric vehicles and sustainable product development. - FY2025-H1RestatedAnnual report
「Uncertainty continues, including concerns about the outlook for the Chinese economy.」
Among the changes in business structure, including digital innovation, the SDGs and the shift to EVs, this filing contains no new description of the shift to EVs itself. Uncertainty in the external environment, including concerns about the outlook for the Chinese economy, continues from previous filings. - FY2024MaterialisedAnnual report
「The shift to EVs progressed rapidly in China. In China, sales revenue was ¥4,843 million, down ¥1,101 million, or 18.5%, from the previous fiscal year, due to lower sales of automotive parts resulting from the shift to EVs and other factors, as well as lower sales of hoses for home appliances.」
The shift to EVs in China was reflected in actual results through lower automotive parts sales and an operating loss of ¥257 million in the China segment. - FY2024-Q3WorsenedAnnual report
「In the automotive market, the semiconductor supply shortage has been resolved, but the shift to EVs progressed rapidly in China.」
The filing identifies the rapid shift to EVs in China, alongside the resolution of the semiconductor supply shortage, as a change in the business environment. The existing issues of responding to digital innovation, the SDGs and the shift to EVs were updated as specific changes in the Chinese market. - FY2023-Q1WorsenedAnnual report
「Overseas, the operating environment also remained challenging, with raw material and energy prices rising, financial and capital markets becoming more volatile, and supply-side constraints persisting as economic and geopolitical risks increased dramatically following Russia's invasion of Ukraine.」
The disruption in the international situation, including the situation in Ukraine, identified in the previous fiscal year has materialized in the form of higher raw material and energy prices following the invasion, financial market volatility and supply constraints. - FY2022First statedAnnual report
「The business environment surrounding the Group is changing at an accelerating pace, including innovation in digital technologies, responses to social imperatives such as the SDGs, and the increasingly chaotic international situation, including the situation in Ukraine. …Business structure changes are accelerating further, including the acceleration of the shift to EVs as part of the response to climate change.」
The filing identifies digital innovation, social imperatives such as the SDGs, and the acceleration of the shift to EVs as new issues arising from changes in the business environment and business structure.