Impact on sales of declining exports to China, Taiwan and Thailand
First written in FY2017-Q2. 7 of 15 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2019: 16 of 36 companies on the "Worse" side.
11 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「In the automotive coatings sector, domestic sales were affected by the impact of difficulties procuring automotive parts on customers' production, but sales increased due in part to the significant recovery in overseas automotive production.」
Revenue from coatings for overseas markets increased as vehicle production for overseas markets recovered, and the previous impact of overseas demand and lower exports eased somewhat. - FY2023-Q3MitigatedAnnual report
「In the automotive coatings sector, domestic sales were affected by difficulties procuring automotive parts, but sales increased due in part to the recovery in overseas automotive production.」
Revenue from automotive coatings for overseas markets increased as vehicle production for overseas markets recovered, easing somewhat the previous impact of overseas demand and lower exports. - FY2022-Q3MitigatedAnnual report
「Industrial revenue increased because, in powder coatings, shipments for vehicle-related applications recovered from the decline caused by COVID-19 the previous year despite lower vehicle production resulting from shortages of parts procured by automakers, while shipments for industrial equipment remained strong, and in industrial coatings, the core construction and machine-tool applications remained firm, mainly on exports.」
In related businesses where lower exports had previously been an issue, construction and machine-tool applications are described as firm, mainly on exports, indicating that the impact on exports has eased somewhat. - FY2020RestatedAnnual report
「In aluminium electrodeposition coatings, revenue declined because of the impact of production cuts by some major customers and sluggish exports, despite increased shipments resulting from the acquisition of production lines at major domestic customers.」
While exports remain sluggish, shipments are also increasing after securing a production line at a major domestic user, and the coexistence of overseas demand and domestic user trends continues. - FY2020-Q3RestatedAnnual report
「In aluminium electrodeposition coatings, exports remained sluggish, continuing from the previous year, but revenue increased because shipments rose after the Company secured production lines at major domestic customers.」
Exports of aluminum electrodeposition coatings remain sluggish, while shipments are increasing after securing a production line at a major domestic user, with overseas demand and domestic user trends developing concurrently. - FY2020-Q2RestatedAnnual report
「In aluminium electrodeposition coatings, exports remained sluggish, continuing from the previous year, but revenue increased because shipments rose after the Company secured production lines at major domestic customers.」
Exports of aluminum electrodeposition coatings remain sluggish, while shipments are increasing after securing a production line at a major domestic user, with overseas demand and domestic user trends developing concurrently. - FY2020-Q1RestatedAnnual report
「In aluminium electrodeposition coatings, exports remained sluggish, continuing from the previous year, but revenue increased because shipments rose after the Company secured production lines at major domestic customers.」
Exports of aluminum electrodeposition coatings remain sluggish, while exports of automotive coatings have turned to recovery, so the impact of overseas demand and exports differs by business. - FY2019RestatedAnnual report
「In automotive coatings, domestic shipments declined because of production line stoppages by major customers, while overseas shipments, which had been strong the previous year, also began to decline, resulting in lower revenue.」
Lower overseas shipments have materialized as a decline in revenue in automotive coatings, and the impact of overseas demand and exports continues. - FY2019-Q3MaterialisedAnnual report
「In automotive coatings, domestic shipments remained firm, but revenue declined as overseas shipments, which had been strong the previous year, turned downward.」
Lower overseas shipments actually occurred in automotive coatings, leading to lower revenue. - FY2019-Q2MitigatedAnnual report
「In aluminium electrodeposition coatings, exports showed signs of recovery, but shipments to major customers remained sluggish because of weak domestic construction starts for detached houses, continuing from the previous year, resulting in lower revenue.」
Regarding the previously reported decline in exports, the aluminum electrodeposition coatings business is described as showing signs of recovery, so the impact on exports has eased somewhat. At the same time, the disclosure also notes lower overseas shipments in automotive coatings. - FY2019-Q1MaterialisedAnnual report
「In aluminium electrodeposition coatings, revenue declined as exports to China decreased and shipments to major customers remained sluggish because of weak domestic construction starts for detached houses, continuing from the previous year.」
While exports were described as firm in the previous fiscal year, lower exports to China are identified as an actual factor behind the decline in revenue this quarter. - FY2018MitigatedAnnual report
「In aluminium electrodeposition coatings, exports remained firm, but shipments to major customers were sluggish due to weak domestic construction starts for detached houses, resulting in lower revenue.」
Unlike the previously reported decline in exports to China, Taiwan and Thailand, exports are described as firm for the full year, indicating that the impact on exports has eased. - FY2017RestatedAnnual report
「In aluminium electrodeposition coatings, shipments to some customers recovered in the second half, but revenue declined because of plant closures associated with the reorganisation of a major customer's production structure and weak exports.」
Although China, Taiwan and Thailand are not identified individually, weak exports continue to be cited as a factor behind the decline in annual revenue. - FY2017-Q3RestatedAnnual report
「Although shipments to major domestic users began to recover in the third quarter, they did not recover enough to make up for the decline in the first half, and revenue declined as exports to China, Taiwan and Thailand decreased.」
Although shipments to major domestic users are recovering, lower exports to China, Taiwan and Thailand continue, and the decline in the first half has not been fully offset. - FY2017-Q2First statedAnnual report
「Although the aluminum electrodeposition coatings business secured a new production line, production volumes at major users remained sluggish because demand for buildings in the domestic sash market was weak, and revenue declined as exports to China, Taiwan and Thailand decreased.」
Separate from measures to expand in Asian markets, the disclosure specifically identifies lower exports to China, Taiwan and Thailand as a factor behind the decline in revenue.