Dependence on the Automotive Industry
First written in FY2017. 12 of 21 entries say "Restated". Latest entry: FY2025.
Fukoku moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 11 of 20 companies on the "Worse" side.
7 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Automotive-related components account for more than 80% of the Group’s net sales, making it subject to the management strategies and production trends of automakers and tier-1 automotive suppliers.」
The Group continues to disclose that automotive-related components account for more than 80% of net sales. - FY2024SoftenedAnnual report
「In the automotive industry, semiconductor supply shortages have eased and vehicle production has recovered.」
Although the Group remains dependent on automotive-related components, the easing of semiconductor supply shortages and recovery in vehicle production indicate that the recent production environment in its main customer industry has improved. - FY2024-Q1RestatedAnnual report
「Lower operating rates due to production adjustments by automakers, as well as higher raw material and fuel costs resulting from surging resource prices, are affecting earnings.」
Under its business structure centered on automotive-related operations, production adjustments by automakers continue to affect operating rates and earnings. - FY2023-Q3WorsenedAnnual report
「Although demand in the automotive industry remains high, stable procurement in line with demand, including semiconductors, has not been secured, forcing automakers to revise their production plans downward.」
While the Group remains dependent on sales of automotive-related components, the production plans of its major customers, the automakers, have been revised downward due to shortages of semiconductors and other inputs. Deterioration in the production environment of the industry on which the Group depends has become apparent. quantified=false, materialized=true. - FY2022RestatedAnnual report
「Automotive-related components account for more than 80% of the Group’s net sales, making it subject to the management strategies and production trends of automakers and tier-1 automotive suppliers.」
The Group continues to describe its business structure in which automotive-related components account for more than 80% of net sales, and its dependence on trends among automakers and tier-1 automotive suppliers. - FY2021WorsenedAnnual report
「Because automotive-related components account for more than 80% of the Group’s net sales, the Group is affected by the management strategies and production trends of automakers and tier-1 automotive suppliers.」
Regarding its dependence on the automotive industry, the Group for the first time explicitly disclosed the quantitative structure in which the industry accounts for more than 80% of net sales, and cited the effects of the shift toward electric vehicles, consolidation among tier-1 automotive suppliers and a review of global production systems. - FY2021-Q2WorsenedAnnual report
「The Group operates globally in a range of fields, including its core automotive-related business, construction machinery, railways, office automation and medical products. However, the COVID-19 pandemic affected nearly all of these businesses and every region, resulting in a substantial decline in orders.」
The Group states that, under its business structure centered on automotive-related operations, the impact of the COVID-19 pandemic extended to nearly all businesses and every region, resulting in a substantial decline in orders. - FY2021-Q1WorsenedAnnual report
「In the automotive industry, a major customer industry for our group, the severe impact of the COVID-19 pandemic became an additional headwind to the pre-existing concerns about a slowdown. Operations were forced to stop or be curtailed worldwide, from automakers to suppliers, and the impact on the performance of individual companies appeared to be worsening.」
Under its dependence on automakers and tier-1 automotive suppliers, the production and operating environment of its main customer industry has deteriorated significantly due to global shutdowns and operating restrictions. - FY2020WorsenedAnnual report
「The Group derives a large proportion of its sales from automakers and tier-1 automotive suppliers and is therefore heavily dependent on the automotive industry. Changes in global automotive markets and technology trends may affect the Group’s operating results and financial condition.」
Under its dependence on the automotive industry, global production is showing signs of stagnation due to the shift toward electric vehicles, a slowdown in the global economy and the spread of infectious diseases. The Group also describes efforts to develop additional earnings pillars in areas such as medical products and office automation. - FY2020-Q3WorsenedAnnual report
「Amid accelerating changes in market structure, represented by the shift toward electric vehicles, headwinds including concerns over a slowdown in the global economy have caused production across the global automotive industry, including Japan, to show signs of stagnation.」
Under its dependence on the automotive industry, global production, including Japan, continues to show signs of stagnation due to changes in market structure such as the shift toward electric vehicles and concerns over a slowdown in the global economy. - FY2020-Q2WorsenedAnnual report
「Amid accelerating changes in market structure, represented by the shift toward electric vehicles, headwinds including concerns over a slowdown in the global economy have caused global production in the automotive industry, the Group’s main customer industry, to show signs of stagnation.」
Under its dependence on the automotive industry, global production is showing signs of stagnation due to changes in market structure and concerns over a slowdown in the global economy. - FY2020-Q1RestatedAnnual report
「Amid accelerating changes in market structure, represented by the shift toward electric vehicles, headwinds including concerns over a slowdown in the global economy have caused global production in the automotive industry, the Group’s main customer industry, to show signs of stagnation.」
The Group continues to describe its business structure in which the automotive industry is its main customer industry. - FY2019RestatedAnnual report
「The Group derives a large proportion of its sales from automakers and tier-1 automotive suppliers and is therefore heavily dependent on the automotive industry. Changes in global automotive markets and technology trends may affect the Group’s operating results and financial condition.」
The Group continues to identify its dependence on sales to automakers and tier-1 automotive suppliers, and the impact of automotive markets and technological innovation on its operating results, as risks. - FY2019-Q3RestatedAnnual report
「Although sales trends varied by region amid accelerating shifts toward electric vehicles and other developments, global production remained firm in the automotive industry, the Group’s main customer industry.」
The Group continues to describe its business structure in which the automotive industry is its main customer industry, as well as the situation in which global production remains firm despite varying sales trends by region. - FY2019-Q2RestatedAnnual report
「Although sales trends vary across regions, the automotive industry, the Group’s main customer industry, continues to increase production globally.」
The Group continues to describe its business structure in which the automotive industry is its main customer industry, as well as the situation in which global production is increasing despite varying sales trends by region. - FY2019-Q1RestatedAnnual report
「Although sales trends vary across regions, the automotive industry, the Group’s main customer industry, continues to increase production globally.」
The Group continues to describe its business structure in which the automotive industry is its main customer industry, as well as the situation in which global production is increasing despite varying sales trends by region. - FY2018RestatedAnnual report
「The Group derives a large proportion of its sales from automakers and tier-1 automotive suppliers and is therefore heavily dependent on the automotive industry. Changes in global automotive markets and technology trends may affect the Group’s operating results and financial condition.」
The Group continues to identify its dependence on sales to automakers and tier-1 automotive suppliers, and the impact of automotive markets and technological innovation on its operating results, as risks. - FY2018-Q3RestatedAnnual report
「In the automotive industry, a major customer industry for our group, sales trends varied by region, but production continued to expand globally.」
The Group continues to describe its business structure in which the automotive industry is its main customer industry. - FY2018-Q2RestatedAnnual report
「In the automotive industry, a major customer industry for our group, sales trends varied by region, but production continued to expand globally.」
The Group continues to describe its business structure in which the automotive industry is its main customer industry. - FY2018-Q1RestatedAnnual report
「Although sales trends vary by region, including a plateau in the US market, the automotive industry, the Group’s main customer industry, is increasing production globally.」
The Group continues to describe its business structure in which the automotive industry is its main customer industry. - FY2017First statedAnnual report
「The Group derives a large proportion of its sales from automakers and tier-1 automotive suppliers and is therefore heavily dependent on the automotive industry. Changes in business conditions in the automotive industry may affect the Group’s operating results and financial condition.」
The Group explicitly identifies its dependence on sales to automakers and tier-1 automotive suppliers as a business and other risk.