Procurement and production constraints for automotive parts caused by the global semiconductor shortage and lockdowns in China
First written in FY2023-Q1. 3 of 6 entries say "Materialised", first in FY2023-Q2. Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024MitigatedAnnual report
「Sales increased, led by the automotive parts division, where demand remained firm as the shortage of automotive semiconductors that had continued through the previous year was resolved」
The Company stated that the shortage of automotive semiconductors had been resolved and demand in the automotive parts division remained firm, indicating that the impact of the previous semiconductor shortages and supply constraints had weakened. - FY2024-Q3MitigatedAnnual report
「Demand, particularly domestic demand, showed signs of recovery, and production volumes at individual automakers moved toward recovery」
Production volumes at individual automakers moved toward recovery, and the impact of the previous production adjustments and supply constraints in the automotive parts business weakened. - FY2023MaterialisedAnnual report
「Global vehicle production in 2022 remained in an uncertain environment, as shortages of raw materials and semiconductors continued.」
Continued vehicle production adjustments caused by shortages of raw materials and semiconductors and supply chain disruptions were reflected in a 38.8% year-on-year decline in segment profit from the automotive parts business. - FY2023-Q3MaterialisedAnnual report
「For automotive parts, lockdowns accompanying the spread of COVID-19 in China and vehicle production adjustments caused by supply chain disruptions continued. However, as the yen weakened against other currencies, sales increased 6.7% from the same quarter of the previous year to ¥35,626 million. Meanwhile, segment profit decreased 48.4% from the same quarter of the previous year to ¥1,663 million, due in part to higher raw material prices.」
Continued vehicle production adjustments caused by lockdowns in China and supply chain disruptions, together with higher raw material prices and other factors, resulted in a 48.4% year-on-year decline in profit from the automotive parts business. - FY2023-Q2MaterialisedAnnual report
「In Automotive Components, production adjustments by automakers continued due to lockdowns in China accompanying the spread of COVID-19 and supply chain disruptions. However, the yen's depreciation against foreign currencies resulted in revenue of ¥23,051 million, up 4.0% from the same quarter of the previous year. Segment profit, meanwhile, fell 70.5% to ¥679 million due to the impact of higher raw material prices and other factors.」
Continued vehicle production adjustments caused by lockdowns in China and supply chain disruptions were reflected in a 70.5% year-on-year decline in segment profit from automotive parts. - FY2023-Q1First statedAnnual report
「For automotive parts, procurement was disrupted by the global semiconductor shortage and lockdowns accompanying the spread of COVID-19 in China, and vehicle production adjustments continued. As a result, sales decreased 3.4% from the same quarter of the previous year to ¥11,033 million.」
The disruption to parts procurement caused by the global semiconductor shortage was added for the first time as a separate topic and specific supply constraint factor in the automotive parts business, alongside the lockdowns in China.