Dependence on the Automotive Industry
First written in FY2016. 10 of 28 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2027-H1.
Fujikura Composites moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
The whole theme swung hardest in 2025: 5 of 7 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- FY2027-H1MitigatedAnnual report
「Business earnings were driven by a significant recovery in orders for automotive-related components and housing-equipment-related components in Japan, as well as the normalization of transaction prices. In China, revenue increased, mainly from exports, amid sluggish market conditions. In Vietnam, revenue increased as demand grew for exports to North America and India. In North America, where conditions had been weak, orders began to recover gradually, resulting in higher revenue and profit.」
Orders for automotive-related components in Japan recovered significantly, while orders in North America also began to recover gradually. Meanwhile, weakness in the Chinese market continued. - FY2026-H1Domestic automotive-related demand is recovering, while China and North America remain weakAnnual report
「In the Industrial Supplies segment, the automotive and housing equipment markets in China remained sluggish, while orders from local companies handling general-purpose engines and other products were weak in North America, resulting in lower revenue. Meanwhile, orders for automotive-related and housing equipment-related parts in Japan were trending toward recovery, resulting in higher revenue and profit.」
While weak demand in China and North America continued, orders for automotive-related and housing equipment-related parts in Japan were trending toward recovery, showing differing trends by region. - FY2025Orders recovering, but a sharp decline in the United StatesAnnual report
「Revenue increased as orders recovered for automotive-related parts and housing equipment-related parts, but profit declined because price increases failed to keep pace with rising domestic manufacturing costs and a sharp drop in orders in the United States.」
While orders for automotive-related parts recovered, a sharp decline in orders occurred in the United States, becoming a factor behind lower profit in the dependent Industrial Materials segment. - FY2024Signs of recovery in automotive-related business, but housing equipment-related business remains a dragAnnual report
「Although signs of a recovery in orders for automotive-related parts were visible, excess distribution inventories of housing equipment-related products in Japan had not been cleared, resulting in an operating loss. However, profit increased as orders recovered in China and the United States, price increases were passed through, and fixed costs were reduced.」
While signs of a recovery in orders for automotive-related parts are emerging, excess distribution inventories of domestic housing equipment-related products remain unresolved, with impacts differing by region and product. - FY2024-Q3Signs of recovery in automotive-related orders, while excess housing equipment inventories persistAnnual report
「Although signs of a recovery in orders for automotive-related components were emerging, revenue declined because excess distribution inventory in domestic housing equipment-related products had not yet been cleared. Profit nevertheless increased as order recovery and price pass-through progressed in China and the U.S., together with fixed-cost reductions.」
While signs of a recovery in orders for automotive-related parts are emerging, excess distribution inventories of domestic housing equipment-related products have not been cleared, indicating divergent demand trends by region and product. - FY2024-Q2WorsenedAnnual report
「The Transportation segment reported lower revenue and profit due to sluggish freight volumes related to automobiles and housing, and persistently high fuel costs resulting from sustained crude oil price increases.」
Sluggish automotive-related freight volumes continued to appear as lower revenue and profit in the Transportation segment, reflecting the impact of dependence on automotive-related demand. - FY2023WorsenedAnnual report
「The Industrial Supplies segment reported lower revenue as production cuts at major customers continued due to difficulties procuring semiconductors and parts, with no end to the procurement constraints in sight.」
Continued production cuts at major customers, including automotive-related customers, appeared in the annual results as a factor behind lower revenue in the Industrial Materials segment. - FY2023-Q3WorsenedAnnual report
「The Transportation segment reported lower revenue and profit due to sluggish automotive-related freight volumes, persistently high fuel costs resulting from sustained crude oil price increases, and higher vehicle repair costs.」
Sluggish automotive-related freight volumes have continued, appearing as lower revenue and profit in the Transportation segment alongside persistently high fuel costs and higher vehicle repair costs. - FY2023-Q2WorsenedAnnual report
「The Transportation segment reported lower revenue and profit due to sluggish automotive-related freight volumes and higher fuel costs resulting from sustained crude oil price increases.」
Sluggish automotive-related freight volumes appeared as lower revenue and profit in the Transportation segment, and the impact of dependence on automotive-related demand continues. - FY2022-Q3RestatedAnnual report
「Although higher raw material prices and supply delays began to emerge, the Industrial Products segment continued to report higher revenue and profit, supported by strong global demand for both automotive-related and housing equipment-related products.」
Automotive-related demand, together with housing equipment-related demand, remains strong globally, and higher revenue and profit continue. Meanwhile, raw material price increases and supply delays have also begun to occur. - FY2022-Q1MitigatedAnnual report
「The Industrial Products segment posted higher revenue and higher profit as sales in Japan and overseas remained strong, driven by a global recovery in demand for both automotive-related products and housing equipment-related products, and equipment utilization improved substantially.」
The situation changed from continued declines in global automotive-related demand to recovering domestic and overseas demand, strong sales, higher capacity utilization, and increased revenue and profit. - FY2021-Q3Recovery led by the China and North American markets, while the ASEAN market remains stagnantAnnual report
「The outlook for automotive-related parts became challenging as orders remained sluggish in the first half, but the business entered a recovery trend led by the China and North American markets. However, recovery is still underway, with the ASEAN market, where the effects of the COVID-19 pandemic remain, continuing to stagnate, resulting in lower revenue and profit overall.」
Automotive-related parts entered a recovery trend led by the China and North American markets, while stagnation in the ASEAN market persisted, resulting in lower revenue and profit for the segment as a whole. The regional effects of dependence on the automotive industry are described as a combination of recovery and stagnation. - FY2021-Q2RestatedAnnual report
「In the Industrial Supplies segment, housing equipment-related business remained firm, but automotive-related parts reported lower revenue and profit as the domestic and ASEAN markets in particular stagnated due to the spread of COVID-19.」
Automotive-related parts reported lower revenue and profit due to stagnation in the domestic and ASEAN markets, and the impact of dependence on the automotive industry continues. - FY2021-Q1WorsenedAnnual report
「In the Industrial Supplies segment, housing equipment-related business remained firm, but automotive-related parts reported lower revenue and profit due to reduced orders resulting from lockdowns and travel restriction policies in various countries.」
Lockdowns and travel restriction policies in various countries appeared in the results as reduced orders and lower revenue and profit for automotive-related parts, worsening the impact of the segment's dependence on the automotive industry. - FY2020-Q3RestatedAnnual report
「The Industrial Products segment saw lower revenue from automotive-related components due to the global decline in vehicle sales, but secured profit at approximately the previous fiscal year’s level as a result of cost reductions.」
While the global decline in automobile sales volumes continues to appear as lower revenue from automotive-related components, profit is being maintained through cost reductions. - FY2020-Q2MaterialisedAnnual report
「The Industrial Products segment saw lower revenue from automotive-related components due to the global decline in vehicle sales, but profit edged up as a result of cost reductions.」
The global decline in automobile sales volumes was reflected in results as lower revenue from automotive-related components. - FY2020-Q1MaterialisedAnnual report
「The Coated Fabric segment reported lower revenue and profit as weak performance by exported commercial vehicles reduced demand for automotive-related and audio-related products.」
Weak performance by exported commercial vehicles appeared as lower demand for automotive-related products and lower revenue and profit in the Coated Fabric segment, indicating that the impact of dependence on the automotive market continues. - FY2019MaterialisedAnnual report
「The Coated Fabric segment reported lower profit despite strong performance by high-heat-resistant rubber sheets and rubber sheets for electrical and electronic products, as the automotive market remained weak.」
The weakness of the automotive market was reflected in results as a factor contributing to lower profit in the Coated Fabric segment. - FY2019-Q3MaterialisedAnnual report
「The Coated Fabric segment reported lower profit despite strong performance by high-heat-resistant rubber sheets and rubber sheets for electrical and electronic products, as the automotive market remained weak.」
The weakness of the automotive market was reflected in results as a factor contributing to lower profit in the Coated Fabric segment, indicating that the risk from dependence on automotive-related demand continues to be present. - FY2019-Q2MaterialisedAnnual report
「The Industrial Products segment was generally strong in Japan across automobiles, housing equipment and capital investment-related products, but reported lower profit due to the impact of inventory adjustments at North American auto parts manufacturers and the slowdown in the Chinese market.」
Inventory adjustments at North American auto parts manufacturers were reflected in results as a factor contributing to lower profit. Domestic demand was strong, but automotive-related demand was affected differently by region and market. - FY2019-Q1MaterialisedAnnual report
「The Industrial Products segment was generally strong in Japan across automobiles, housing equipment and capital investment-related products, but reported lower profit due to the impact of inventory adjustments at North American auto parts manufacturers.」
Domestic automotive-related demand was strong, while inventory adjustments at North American auto parts manufacturers were reflected in results as a factor contributing to lower profit. - FY2018-Q3Regional divergence in automotive-related demandAnnual report
「The Industrial Products segment maintained generally strong performance in Japan across automotive-related products, housing equipment and capital investment-related products, while China and ASEAN also maintained solid growth. In the United States, inventory adjustments due to slower automobile sales became a modest factor reducing revenue, but overall performance remained strong.」
Automotive-related demand was strong or solid in Japan, China and ASEAN, while slower automobile sales and inventory adjustments in the United States became modest factors reducing revenue, indicating differing trends by region. - FY2018-Q2Some automotive-related orders are strongAnnual report
「The Coated Fabric segment has continued to receive strong orders from some automakers.」
The company states that orders from some automakers were strong in the current quarter, compared with the previous weakness in orders for automotive-related products. It does not state that the structural dependence on the automotive industry itself has been eliminated. - FY2017MaterialisedAnnual report
「The Coated Fabric segment experienced weak orders for some automotive-related products because customers transferred production overseas.」
The impact of dependence on the automotive industry is appearing as weak orders resulting from customers transferring production overseas. - FY2017-Q3MaterialisedAnnual report
「The Coated Fabric segment experienced weak orders for some automotive-related products because customers transferred production overseas.」
Orders have remained weak as customers transferred production of automotive-related products overseas. - FY2017-Q2MaterialisedAnnual report
「The Coated Fabric segment experienced weak orders because production of some automotive products was transferred overseas.」
Orders weakened as production of automotive products was transferred overseas, indicating the impact of dependence on automotive-related demand. - FY2017-Q1MaterialisedAnnual report
「Although overseas orders for automotive-related products remained weak, sales of liquid crystal and semiconductor-related products and housing-related products were strong.」
Weak overseas orders for automotive-related products were disclosed, indicating the impact of dependence on automotive-related demand. - FY2016First statedAnnual report
「The Group generates a substantial portion of its sales from auto parts manufacturers and is therefore heavily dependent on the automotive industry. Accordingly, trends in automotive industry production may have a material impact on sales.」
The company identifies its substantial sales to auto parts manufacturers as a structural dependency risk.