Resilient automotive demand driven by strong vehicle sales in North America and China
First written in FY2017-Q2. 12 of 32 entries say "Restated". Latest entry: 2026-10-29.
Daido Steel moved to the "Worse" side of this theme in 2023, 5 years after the typical company in this theme (2018).
The whole theme swung hardest in 2018: 2 of 7 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- FY2026ReframedAnnual report
「Although automotive-related demand for structural steel was at roughly the prior-year level, volumes increased as demand related to industrial machinery gradually recovered. Volumes of tool steel declined amid weak automotive-related demand.」
The product-level differences are summarized as follows: the weak market share of Japanese automakers in China and ASEAN was evident in automotive-related demand, which was nevertheless at roughly the prior-year level for the full year; industrial machinery-related demand recovered gradually, while tool steel demand remained weak. - FY2026-H1WorsenedAnnual report
「Orders for special steel for automotive applications, a major end market, declined more than initially expected following a sharp decline in the market share of Japanese automakers, particularly in China and ASEAN.」
For automotive-related demand, the sharp decline in the market share of Japanese automakers, particularly in China and ASEAN, has been identified as a factor behind the decline in orders, with the demand shortfall exceeding initial expectations. - FY2025WorsenedAnnual report
「Volumes of structural steel declined as demand fell due to sluggish sales of Japanese vehicles in China and elsewhere and demand related to industrial machinery remained weak. Volumes of tool steel also declined amid weak automotive-related demand.」
For automotive-related demand, the full-year results show that weak sales of Japanese vehicles in China and elsewhere, sluggish industrial machinery demand, and declining tool steel volumes were factors. - FY2025-H1WorsenedAnnual report
「Orders for special steel for automotive applications, a major end market, declined year on year due to lower vehicle production caused by sluggish sales in China and elsewhere and certification fraud issues.」
For automotive-related demand, weak sales in China and elsewhere, together with lower vehicle production caused by certification fraud issues, have emerged as factors behind the decline in orders. - FY2024ReframedAnnual report
「Demand for automotive applications, a major end market, is expected to settle at a level in line with underlying demand after the increase in production resulting from the easing of parts shortages runs its course. Demand related to industrial machinery is expected to recover gradually through the second half of fiscal 2024, while for semiconductor-related demand, it will be necessary to assess the timing of an upturn in anticipation of a full-fledged upswing in the silicon cycle.」
The outlook by segment is summarized as follows: automotive demand is expected to move from production increases following the easing of supply constraints to a level reflecting underlying demand, industrial machinery is expected to recover gradually in the second half of fiscal 2024, and semiconductors are awaiting an upturn. - FY2024-Q3RestatedAnnual report
「Against these conditions, orders for automotive applications, a major end market for special steel, increased year on year, mainly for structural steel, as shortages of parts, particularly semiconductors, eased. Demand related to industrial machinery remained weak. Orders for stainless steel and other products declined year on year as inventory adjustments continued across the supply chain. Semiconductor-related orders also declined during the downturn of the silicon cycle. In addition, orders for open-die forgings expanded as demand increased in the energy and aerospace sectors.」
The differences by demand segment are reaffirmed: some automotive-related orders increased, industrial machinery, stainless steel, and semiconductor-related demand remained weak, and orders for open-die forgings expanded. - FY2024-Q2ReframedAnnual report
「Against these conditions, orders for automotive applications, a major end market for special steel, increased year on year, mainly for structural steel, as shortages of parts, particularly semiconductors, eased. Demand related to industrial machinery remained weak. Orders for stainless steel and other products declined year on year as inventory adjustments continued across the supply chain. Semiconductor-related orders also declined during the downturn of the silicon cycle.」
Demand varied by segment: automotive orders, mainly for structural steel, increased as parts shortages eased, while industrial machinery, stainless steel, and semiconductor-related demand weakened or declined. - FY2024-Q1ReframedAnnual report
「Orders for automotive applications, a major end market for special steel, increased year on year, mainly for structural steel, as shortages of parts, particularly semiconductors, eased. However, orders for stainless steel and other products declined year on year as inventory adjustments continued across the supply chain.」
The differences by demand segment are described: automotive-related orders, mainly for structural steel, increased as parts shortages eased, while stainless steel and other products declined as inventory adjustments continued. - FY2023-Q2RestatedAnnual report
「Orders for automotive applications, a major end market for special steel, declined year on year due to shortages of semiconductors and other parts, as well as the impact of lockdowns in China. Similarly, orders for industrial machinery entered a downward trend amid supply constraints, while semiconductor-related orders remained firm due to demand for 5G adoption and data-center construction and upgrades.」
The demand mix is reaffirmed, with declines continuing in orders for automotive and industrial machinery applications, while semiconductor-related orders remain firm. - FY2023-Q1WorsenedAnnual report
「Against these conditions, orders for automotive applications, a major end market for special steel, declined year on year due to shortages of semiconductors and other parts, as well as the impact of lockdowns in China. Similarly, orders for industrial machinery entered a downward trend amid supply constraints, while semiconductor-related orders remained firm due to demand for 5G adoption and data-center construction and upgrades.」
Automotive-related orders declined due to supply shortages and lockdowns in China, and orders for industrial machinery also entered a downward trend, indicating a deterioration in the demand environment from the previous recovery and high levels. Meanwhile, semiconductor-related orders remained firm. - FY2022ReframedAnnual report
「Orders for automotive applications, a major end market, benefited from the recovery in vehicle production and inventory replenishment in preparation for further production increases, but the pace of recovery has recently slowed due to production adjustments caused by parts shortages and the resurgence of COVID-19 infections.」
Automotive-related orders recovered through the recovery in production and inventory replenishment, but the assessment has shifted to one in which the pace of recovery is slowing due to production adjustments caused by parts shortages and the resurgence of infections. - FY2022-Q3AdvancedAnnual report
「The pace of recovery in automotive-related orders had slowed due to production adjustments caused by parts shortages, but orders recently entered an upward trend as inventories were replenished in preparation for a recovery in production.」
Automotive-related orders, whose recovery had slowed due to production adjustments caused by parts shortages, have shifted to an upward trend against the backdrop of inventory replenishment in preparation for a recovery in production. - FY2022-Q2ReframedAnnual report
「Orders for automotive applications, a major end market, are recovering against the backdrop of firm global automotive demand, but the pace of recovery has recently slowed due to production adjustments caused by parts shortages. Orders related to industrial machinery remained firm as domestic and overseas economies recovered. Semiconductor-related demand expanded steadily across a broad range of applications, including 5G, data centers, and automotive, and orders remained at a high level.」
Automotive-related orders are recovering, but the pace has slowed due to production adjustments caused by parts shortages, while industrial machinery remains firm and semiconductor-related orders remain at a high level amid broad-based demand growth. - FY2022-Q1AdvancedAnnual report
「Orders for automotive applications, a major end market, recovered to pre-pandemic levels against the backdrop of firm global automotive demand, despite recent production adjustments caused by the semiconductor shortage. Similarly, orders for industrial machinery reached a high level as demand increased with the recovery of the domestic and overseas economies, accompanied by inventory restocking.」
Automotive-related orders recovered to pre-pandemic levels despite production adjustments caused by the semiconductor shortage. Orders for industrial machinery also reached a high level as the economy recovered and inventories were replenished. - FY2021-Q3AdvancedAnnual report
「Against this economic backdrop, orders for automotive applications, a major end market for special steel, entered a recovery trend from a trough in the first quarter and recovered to the year-earlier level in the third quarter. However, on a cumulative basis, orders declined year on year amid lower vehicle sales worldwide caused by the COVID-19 pandemic and the resulting decline in vehicle production by Japanese automakers. Orders for industrial machinery had declined as economic activity stagnated but entered a recovery trend from the third quarter, while semiconductor-related orders remained firm as capital investment recovered.」
Automotive-related orders recovered from a trough in the first quarter and reached the year-earlier level in the third quarter. Industrial machinery also entered a recovery trend from the third quarter, while semiconductor-related orders remained firm against the backdrop of recovering capital investment. - FY2021-Q2ReframedAnnual report
「Against this economic backdrop, orders for automotive applications, a major end market for special steel, were on a recovery trend from a trough in the first quarter, but declined year on year amid lower vehicle sales worldwide caused by the COVID-19 pandemic and the resulting decline in vehicle production by Japanese automakers. Orders for industrial machinery also declined as economic activity stagnated, while semiconductor-related orders increased as capital investment recovered.」
Automotive-related orders shifted to a recovery trend from a trough in the first quarter but declined year on year, while orders for industrial machinery continued to decline and semiconductor-related orders increased as capital investment recovered. - FY2021-Q1WorsenedAnnual report
「Against this economic backdrop, orders for automotive applications, a major end market for special steel, declined year on year amid a sharp drop in sales worldwide caused by the suspension of economic activity and the resulting decline in vehicle production by Japanese automakers. Orders for industrial machinery also declined as economic activity stagnated, while semiconductor-related orders increased as capital investment recovered.」
The deterioration in automotive-related orders has become more pronounced, with orders declining against the backdrop of suspended economic activity worldwide, lower sales, and lower vehicle production, compared with the previous downward trend. Orders for industrial machinery also declined. - FY2020-Q2RestatedAnnual report
「Orders for automotive applications, a major end market for special steel, declined year on year as global production decreased. Orders for industrial machinery also remained on a downward trend, while orders in semiconductor-related fields fell sharply amid inventory adjustments.」
The decline in global automotive production, the downward trend in orders for industrial machinery, and the sharp decline in semiconductor-related orders have continued. - FY2020-Q1ReframedAnnual report
「Orders from the automotive industry, a major end market for special steel, declined year on year as global production edged down. Demand for industrial machinery also continued to decline, while demand in semiconductor-related fields fell sharply amid inventory adjustments.」
The assessment of automotive demand has shifted from strong, high-level performance to declining orders following a slight decrease in global production. Orders for industrial machinery are also on a downward trend. - FY2019ReframedAnnual report
「Against this economic backdrop, automakers and industrial machinery manufacturers, our major end customers, generally performed well. As a result, steel product sales volume increased from the previous period. However, demand declined in some areas, including semiconductors.」
Automakers and industrial machinery manufacturers generally performed well, increasing steel product volume, while demand declined in some areas, including semiconductors. - FY2019-Q3ReframedAnnual report
「Demand from the automotive and industrial machinery industries, our end markets, has slowed recently but remains at a high level, and steel product sales volume increased year on year.」
The assessment has shifted to one in which automotive and industrial machinery demand remains at a high level, while recent growth has slowed. - FY2019-Q2RestatedAnnual report
「Against this economic backdrop, the automotive industry maintained its strong performance, and orders remained at a high level.」
The continued strong performance of the automotive industry and the high level of orders are reaffirmed. - FY2019-Q1RestatedAnnual report
「The automotive industry, a major end market for special steel, maintained its strong performance from the previous period, supported by strong sales of Japanese vehicles in China and other factors.」
Demand in the automotive industry remained strong against the backdrop of robust sales of Japanese vehicles in China. - FY2018RestatedAnnual report
「The Japanese automotive industry, a major end market for special steel, maintained its strong performance, supported by the recovery in domestic sales and increased sales in China.」
The continued strong performance of the Japanese automotive industry is reiterated against the backdrop of a recovery in domestic sales and increased sales in China. - FY2018-Q3RestatedAnnual report
「The Japanese automotive industry, a major end market for special steel, maintained its strong performance, supported by the recovery in domestic sales and increased sales in China.」
The Japanese automotive industry maintained its strong performance against the backdrop of a recovery in domestic sales and increased sales in China. - FY2018-Q2RestatedAnnual report
「The Japanese automotive industry, a major end market for special steel, maintained its strong performance, supported by the recovery in domestic sales and strong sales in China.」
The Japanese automotive industry maintained its strong performance against the backdrop of a recovery in domestic sales and strong sales in China. - FY2018-Q1RestatedAnnual report
「The automotive industry, a major end market for special steel, maintained its strong performance from the previous period, supported by strong sales of Japanese vehicles in China and other factors.」
Demand in the automotive industry remained strong against the backdrop of robust sales of Japanese vehicles in China. - FY2017-Q3RestatedAnnual report
「The automotive industry, a major end market for special steel, remained firm on the back of strong vehicle sales in North America and China.」
Automotive demand remained firm against the backdrop of strong vehicle sales in North America and China. - FY2017-Q2First statedAnnual report
「The automotive industry, a major end market for special steel, remained resilient on the back of strong vehicle sales in North America and China.」
The automotive industry, a major end market, remained resilient against the backdrop of strong vehicle sales in North America and China.