Disruption to Automotive Parts Sourcing from Southeast Asia
First written in FY2022-Q2. 5 of 6 entries say "Materialised", first in FY2022. Latest entry: FY2023.
DaikyoNishikawa moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 99 of 155 companies on the "Worse" side.
30 other companies' latest entry also says "Materialised".
- FY2023MaterialisedAnnual report
「Although the conversion into yen also contributed to higher sales in China and South Korea, sales declined by ¥1,282 million, or 16.7%, from the previous consolidated fiscal year to ¥6,384 million, due to the impact of difficulties in sourcing automotive parts caused by lockdowns in China.」
Disruptions in parts procurement caused by China’s lockdowns actually affected the China and South Korea segment for the full fiscal year, and sales declined by 16.7%. - FY2023-Q3MaterialisedAnnual report
「In China and South Korea, sales were boosted by the impact of currency translation, among other factors. However, due to difficulties procuring automobile parts caused by lockdowns in China, net sales decreased by ¥707 million, or 12.6%, year on year to ¥4,890 million.」
Difficulties in sourcing automotive parts caused by China’s lockdowns actually occurred and appeared as a decline in sales in the China and South Korea segment. - FY2023-Q2MaterialisedAnnual report
「In China and South Korea, sales were boosted by the impact of currency translation, among other factors. However, due to difficulties procuring automobile parts caused by lockdowns in China, net sales decreased by ¥598 million, or 15.8%, year on year to ¥3,179 million.」
Difficulties in sourcing automotive parts caused by China’s lockdowns also occurred during the quarter and actually appeared as declines in sales in China and South Korea. - FY2023-Q1MaterialisedAnnual report
「The impact of difficulties in sourcing automotive parts caused by overseas lockdowns following the spread of COVID-19」
Difficulties in sourcing automotive parts caused by overseas lockdowns also occurred during the quarter, affecting domestic production and the company’s sales and earnings. - FY2022MaterialisedAnnual report
「Customer production volumes declined due to the global semiconductor shortage and difficulties in sourcing automotive parts from Southeast Asia resulting from the impact of the COVID-19 pandemic.」
Difficulties in sourcing automotive parts from Southeast Asia actually occurred and contributed to declines in customer production volumes and a 22.3% decrease in consolidated net sales. - FY2022-Q2First statedAnnual report
「While monitoring changes in the business environment, including production impacts from the global semiconductor shortage and stagnant sourcing of automotive parts from Southeast Asia,」
The company specifically disclosed for the first time that stagnant sourcing of automotive parts from Southeast Asia and the resulting production impacts represented procurement and supply-chain risks separate from the semiconductor shortage.