Sales dependence on the automotive industry
First written in FY2016. 19 of 27 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2025.
Mitsuboshi Belting 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: 8 of 10 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- FY2025WorsenedAnnual report
「Because sales to the automotive industry account for approximately 47% of our group's sales, the group may be affected by factors beyond its control, including a downturn in the automotive industry, poor performance by customer companies, changes in customers' parts procurement policies and damage caused by a large-scale natural disaster, although it does not belong to the group of any particular automaker.」
The company disclosed that its dependence on sales to the automotive industry had risen from just over approximately 40% to approximately 47%. It also disclosed the development of products compatible with electrification. - FY2025-H1MaterialisedAnnual report
「Sales of new-vehicle products were sluggish in Southeast Asia due to declining gasoline-vehicle sales and higher loan interest rates. In contrast, sales of belts for electric units in four-wheel vehicles were strong in China and the United States. Sales of belts for rear-wheel drives of electric two-wheel vehicles were also strong in India, resulting in higher sales for the automotive parts segment as a whole.」
Demand fluctuations stemming from dependence on the automotive industry were reflected in results through declining gasoline-vehicle sales in Southeast Asia and increased demand for electrification-related belts in China, the United States and India. - FY2024-Q3Regional differences in demand for automotive beltsAnnual report
「Automotive belt sales to the replacement market in Asia were sluggish due to the impact of inventory adjustments in the market, while sales increased in China, the United States and Europe as the company won new demand for four-wheel vehicles.」
While the replacement market in Asia was sluggish due to inventory adjustments, automotive belt sales increased in China, the United States and Europe as the company won new demand for four-wheel vehicles, with regional demand fluctuations reflected in results. - FY2024-Q1Regional changes in demand for automotive beltsAnnual report
「Automotive belts continued to trend above the same period of the previous year as users' production recovered from the production cuts caused by the semiconductor shortage in the previous period.」
In Japan, user production recovered from the production cuts caused by the semiconductor shortage in the previous period, and automotive belts trended above the same period of the previous year. The way demand fluctuations stemming from dependence on the automotive industry are manifesting has changed from a decline to a recovery. - FY2023WorsenedAnnual report
「The Company continuously monitors developments in electrification, regards the medium- to long-term decline in demand for internal-combustion-engine belts as a risk, and is taking measures to address it.」
Regarding the risk of dependence on the automotive industry, the company continues to explicitly identify the medium- to long-term decline in demand for belts used in internal-combustion engines as a result of electrification. - FY2023-Q3Automotive belts increased overall; motorcycle replacement belts decreasedAnnual report
「Automotive belt sales increased, helped by the launch of new models of four-wheel vehicle system products. Replacement sales also increased, driven by belts for buses and trucks. In contrast, demand for motorcycle replacement belts decreased as users adjusted their inventories. Overall automotive belt sales increased.」
Four-wheel vehicle system product sales increased following the launch of new models, as did replacement belts for buses and trucks, while motorcycle replacement belts decreased due to inventory adjustments, resulting in an overall increase in automotive belts. - FY2023-Q2Slight overall increase, differences by applicationAnnual report
「Automotive belt sales increased, helped by the launch of new models of four-wheel-vehicle system products, while replacement sales of belts for buses and trucks also increased. Sales for two-wheel vehicles declined as demand fell due to customer inventory adjustments, resulting in a slight overall increase.」
Automotive belt sales increased for new models of four-wheel-vehicle system products and replacement belts for buses and trucks, while sales for two-wheel vehicles declined due to inventory adjustments, resulting in a slight overall increase. Demand fluctuations by application associated with reliance on the automotive industry continue to be reflected in the results. - FY2023-Q1MaterialisedAnnual report
「Automotive belt sales declined due to the impact of users' production cuts caused by COVID-19 and semiconductor shortages.」
Demand fluctuations associated with reliance on the automotive industry materialised as customers reducing production and sales declining due to COVID-19 and semiconductor shortages. - FY2022WorsenedAnnual report
「Regarding the progress of vehicle electrification, we are continuously monitoring developments, viewing a medium- to long-term decline in demand for internal-combustion-engine belts as a risk and taking measures to address it.」
The disclosure explicitly identifies a medium- to long-term decline in demand for internal-combustion-engine belts due to vehicle electrification as a new risk associated with reliance on sales to the automotive industry. - FY2022-Q2MaterialisedAnnual report
「Although customers made production adjustments due to semiconductor shortages, sales of belts for original equipment production lines increased as production recovered, and sales for the replacement market also increased.」
Demand fluctuations associated with reliance on the automotive industry materialised as customers adjusting production due to semiconductor shortages. Meanwhile, sales of belts for installation lines and the replacement market increased as production recovered. - FY2021-Q3MaterialisedAnnual report
「Sales of automotive belts for original equipment production lines and genuine replacement parts were trending upward as users' production recovered, but total sales declined because the drop through the second quarter was substantial.」
While automotive belt sales are recovering, the impact of the decline through the second quarter caused sales to continue falling during the nine-month period ended in the third quarter, reflecting demand fluctuations associated with reliance on the automotive industry. - FY2021-Q2MaterialisedAnnual report
「Sales of automotive belts declined in Asia, the United States and Europe as vehicle production volumes fell sharply due to production adjustments by automakers.」
Demand fluctuations associated with reliance on the automotive industry materialised as lower sales in all regions—Asia, the US and Europe—due to production adjustments and lower production volumes by automakers. - FY2021-Q1MaterialisedAnnual report
「For automotive belts, sales declined in both Western markets and Asia because automakers suspended operations and production volumes fell sharply due to lockdowns implemented in various countries.」
Demand fluctuations associated with reliance on the automotive industry materialised as automakers suspending operations and reducing production volumes due to the spread of COVID-19 and lockdowns. - FY2020-Q3MaterialisedAnnual report
「Automotive belt sales declined in Europe for both four-wheel and two-wheel vehicles, but sales of variable-speed belts for snowmobiles and multipurpose four-wheel vehicles remained solid in the US, while sales for motorcycles were strong in Asia, resulting in an overall increase in sales.」
Automotive-related sales reflected region-specific trends: lower sales for four-wheel and two-wheel vehicles in Europe, solid sales for specific applications in the US, and strong sales for motorcycles in Asia. Demand fluctuations associated with reliance on the automotive industry continue to be reflected in the results. - FY2020-Q2MaterialisedAnnual report
「Automotive belt sales declined in Europe due to a drop in new vehicle sales, but demand in the US for variable-speed belts for snowmobiles and multipurpose four-wheel vehicles remained strong, while sales in Asia also remained strong, mainly for motorcycles, resulting in an overall increase in sales.」
Automotive-related sales reflected region-specific trends: lower sales in Europe due to declining new vehicle sales, increased demand in the US for certain vehicle types, and strong sales for motorcycles in Asia. - FY2020-Q1MaterialisedAnnual report
「Automotive belt sales declined in Europe due to a drop in new vehicle sales, but demand in the US for variable-speed belts for snowmobiles and multipurpose four-wheel vehicles remained strong, while sales in Asia were approximately flat year on year, resulting in an overall increase in sales.」
Automotive-related sales reflected region-specific trends: lower sales in Europe due to declining new vehicle sales, increased demand in the US for certain vehicle types, and flat sales in Asia. Demand fluctuations associated with reliance on the automotive industry continue to be reflected in the results. - FY2019-Q3MaterialisedAnnual report
「For automotive belts, sales of belts for original equipment production lines remained at approximately the same level as in the same period of the previous year, while sales of replacement belts declined due to lower vehicle inspection replacement demand, leaving total sales below the same period of the previous year.」
Sales of replacement belts declined due to lower demand for inspection-related replacements, causing total automotive belt sales to fall below the year-earlier period. - FY2019-Q2MaterialisedAnnual report
「For automotive belts, domestic new vehicle sales remained at approximately the same level as in the same period of the previous year, but sales of belts for original equipment production lines declined slightly due in part to lower production of vehicle models using the company's products. Sales of replacement belts also declined due to lower vehicle inspection replacement demand, leaving total sales below the same period of the previous year.」
For automotive belts, lower production of vehicle models in which the belts are adopted and lower demand for inspection-related replacements have materialised as declines in sales of belts for installation lines and replacement belts. - FY2019-Q1MaterialisedAnnual report
「Automotive belt sales declined overall because replacement sales were affected by lower domestic demand for inspection-related replacements and sales for installation lines also decreased slightly.」
Demand fluctuations associated with reliance on the automotive industry continue to be reflected in lower automotive belt sales due to declining domestic demand for inspection-related replacements and a slight decrease in sales for installation lines. - FY2018MaterialisedAnnual report
「Automotive belt sales for installation lines declined, but sales increased for kei vehicles and other factors, leaving sales at approximately the same level as in the previous consolidated fiscal year. Sales of replacement belts declined due to lower demand for inspection-related replacements, causing total sales to fall below the previous consolidated fiscal year.」
While sales increased for kei vehicles and new models, sales of replacement belts declined due to lower demand for inspection-related replacements, causing total automotive belt sales to fall below the previous year. - FY2018-Q3MaterialisedAnnual report
「For automotive belts, sales of belts for original equipment production lines increased from the same period of the previous year due in part to adoption for new models, while sales of replacement belts declined due to lower vehicle inspection replacement demand, leaving total sales below the same period of the previous year.」
While adoption in new models increased sales of belts for installation lines, sales of replacement belts declined due to lower demand for inspection-related replacements, causing total automotive belt sales to fall below the year-earlier period. - FY2018-Q2MaterialisedAnnual report
「For automotive belts, sales of belts for original equipment production lines increased from the same period of the previous year due to the effect of automakers launching new models, while sales of replacement belts declined due to lower vehicle inspection replacement demand, leaving total sales below the same period of the previous year.」
Sales of automotive belts declined due to lower replacement demand, and total domestic business sales fell below the year-earlier period. Demand fluctuations associated with reliance on the automotive industry have materialised in the results. - FY2017MaterialisedAnnual report
「Sales of automotive belts for installation lines were affected by vehicle models not equipped with belts, but remained at approximately the same level as in the previous consolidated fiscal year due to adoption in new models and other factors.」
While the impact of vehicle models not equipped with belts has materialised in installation-line sales, sales remained at approximately the previous year's level due to adoption in new models and other factors. - FY2017-Q3MaterialisedAnnual report
「For automotive belts, sales of belts for original equipment production lines declined from the same period of the previous year due in part to the impact of vehicle models not equipped with belts, while sales of replacement belts increased due to higher demand for buses and trucks, leaving total sales at approximately the same level as in the same period of the previous year.」
The decline in sales of belts for installation lines due to the impact of vehicle models not equipped with belts has also emerged in the current quarter's results. - FY2017-Q2MaterialisedAnnual report
「For automotive belts, sales of replacement belts remained at approximately the same level as in the same period of the previous year, while sales of belts for original equipment production lines declined slightly, partly due to the impact of vehicle models not equipped with belts, leaving total sales at approximately the same level as in the same period of the previous year.」
For automotive applications, a decline in sales of belts for installation lines due to the impact of vehicle models not equipped with belts also occurred during the current quarter. - FY2017-Q1MaterialisedAnnual report
「Sales of belts for installation lines declined due to the impact of production adjustments by automakers following the earthquake in the Kyushu region and the impact of vehicle models not equipped with belts.」
A decline in sales of belts for automotive installation lines has materialised due to production adjustments by automakers. - FY2016First statedAnnual report
「Sales to the automotive industry account for slightly more than 40% of the Group's total sales,」
The disclosure indicates that reliance on sales to the automotive industry is slightly above 40% and explains the potential impact of an economic downturn and changes in customer policies.