Transition to belt products adapted to automotive electrification
First written in FY2023. 2 of 5 entries say "Advanced", first in FY2025-H1. Latest entry: FY2027-H1.
No other company in this theme has enough history to compare yet.
- FY2027-H1RestatedAnnual report
「In addition, sales of products supporting vehicle electrification remained firm, including drive belts for electric units such as EPS for four-wheeled vehicles and rear-wheel drive belts for electric two-wheeled vehicles.」
The company continued to report firm sales of electrification-related products, including belts for electric units in four-wheeled vehicles and belts for rear-wheel drives in electric two-wheelers. - FY2026-H1RestatedAnnual report
「The automotive parts business reported results at about the same level as in the same period of the previous year. Sales of electrification-related products, including belts for driving electric units such as EPS in four-wheeled vehicles and belts for rear-wheel drives in electric two-wheelers, remained firm. Meanwhile, sales of products for multipurpose four-wheeled vehicles in the US market were weak due to the impact of production adjustments by customers.」
Sales of belts for electric units and electric two-wheelers remained firm, and the company continued its transition to electrification-related products. Meanwhile, sales of products for multipurpose four-wheeled vehicles in the United States were weak due to customer production adjustments. - FY2025AdvancedAnnual report
「In the automotive parts business, sales of belts for driving electric units, including EPS, in four-wheeled vehicles were strong in China and the United States. Sales of belts for rear-wheel drives in electric two-wheelers were also strong in India.」
The company demonstrated specific results in electrification-related products, with strong sales of belts for electric units in four-wheeled vehicles in China and the United States and belts for rear-wheel drives in electric two-wheelers in India. - FY2025-H1AdvancedAnnual report
「Sales of belts for electric units in four-wheeled vehicles were strong in China and the United States. Sales of belts for rear-wheel drives in electric two-wheelers were also strong in India, resulting in higher sales across the automotive parts business.」
The company demonstrated specific progress in electrification-related products, with strong sales of belts for electric units in four-wheeled vehicles in China and the United States and belts for rear-wheel drives in electric two-wheelers in India. - FY2023First statedAnnual report
「Demand for internal-combustion-engine belts is expected to decline by approximately ¥6 billion by FY2030 as vehicles become electrified. Over the same period, however, the Company expects sales to increase by approximately ¥10 billion through expanded sales of belts for automotive and electric power units, including EPB, EPS and PSD, as well as belts for the rear-wheel drive systems of electric two-wheel vehicles.」
While anticipating a decline in demand for belts used in internal combustion engines, the company outlined measures to increase sales by approximately ¥10 billion through expanded sales of belts for electric units, electric two-wheelers and rear-wheel drives.