Impact on the Domestic Market from Automakers’ Unqualified Inspection Issues
First written in FY2017. 4 of 7 entries say "Restated". Latest entry: FY2024-H1.
Nichirin moved to the "Worse" side of this theme in 2024, 7 years after the typical company in this theme (2017).
1 other company's latest entry also says "Materialised".
- FY2024-H1MaterialisedAnnual report
「Automotive production and sales increased exports due to higher demand for hybrids and the weaker yen. In Japan, however, shipments were suspended following the Noto Peninsula earthquake and certification irregularities at major automakers, while overseas sales were affected by sluggish sales in the Chinese market. As a result, global production and sales remained weak compared with the previous fiscal year.」
Shipment suspensions resulting from certification irregularities at major automakers were specifically identified as a factor behind the weakness in the domestic automotive market, and the market impact of the previously identified quality and inspection issues has continued. - FY2024-Q1MaterialisedAnnual report
「Domestic sales remained sluggish, affected by the Noto Peninsula earthquake and shipment suspensions resulting from quality issues at certain manufacturers.」
Shipment suspensions resulting from quality issues at certain automakers materialized as weak domestic sales, making the market impact of the inspection and quality issues previously identified more concrete. - FY2019RestatedAnnual report
「During the current consolidated fiscal year, the domestic automotive market remained firm, supported by strong sales of minicars, although domestic sales continued to be affected at certain manufacturers by issues involving inspections of completed vehicles.」
The Company states that the impact of completed-vehicle inspection issues at certain manufacturers continued throughout the fiscal year, while minicars supported the domestic market. - FY2019-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, the domestic automotive market remained firm, supported by strong sales of minicars, although domestic sales continued to be affected at certain manufacturers by issues involving inspections of completed vehicles.」
The impact on domestic sales of issues involving completed-vehicle inspections at certain manufacturers continued to be disclosed, while minicar sales supported the market. - FY2019-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, the domestic automotive market remained firm, supported by strong sales of minicars, although domestic sales continued to be affected at certain manufacturers by issues involving inspections of completed vehicles.」
The impact on domestic sales of issues involving completed-vehicle inspections at certain manufacturers continued to be disclosed, while minicar sales supported the market. - FY2019-Q1RestatedAnnual report
「During the first three months of the current consolidated fiscal year, the domestic automotive market remained firm, supported by strong sales of minicars, although domestic sales continued to be affected at certain manufacturers by issues involving inspections of completed vehicles.」
The impact on domestic sales of issues involving completed-vehicle inspections at certain manufacturers continued to be disclosed. Meanwhile, minicar sales supported the market. - FY2017First statedAnnual report
「During the current consolidated fiscal year, the recovery in domestic vehicle sales in Japan became more pronounced, while exports of completed vehicles driven by overseas demand remained firm, causing domestic production to turn upward. However, growth weakened from September onward due to improper inspection practices at certain automakers.」
The Company states that although domestic sales and production were recovering, market growth weakened from September onward because of improper inspection practices at certain automakers.