Transforming the Automotive Industry Through Autonomous Driving, Shared Mobility and Electrification
First written in FY2016. 3 of 19 entries say "Worsened", first in FY2023-Q2. Latest entry: 2026-08-06.
G-Tekt moved to the "Worse" side of this theme in 2023.
1 other company's latest entry also says "Restated".
- 2026-08-06RestatedEarnings
「While some automakers are reviewing their electrification strategies in response to slowing growth in the BEV market, demand for diverse powertrains, including hybrid vehicles, continued. In addition, the business environment is entering a major period of transformation, with increased investment in software and electronic control driven by the progress of SDVs and intensifying competition resulting from the rise of Chinese automakers.」
The business environment was again described as being based not solely on BEVs but on diverse powertrains including hybrid vehicles, together with the ongoing development of SDVs. - FY2026Reorganization around diverse powertrains, including a review of the BEV plan and SDVsAnnual report
「As some automakers revise their BEV (battery EV) development plans, a range of powertrain options led by hybrid vehicles and BEVs is being reassessed. At the same time, the broader trend of enhancing functions and value through SDVs (Software Defined Vehicles) is continuing,」
The progress of electrification was reframed as a diverse mix of power sources in which hybrid vehicles and BEVs coexist, rather than as a BEV-only transition, and the trend toward greater intelligence through SDVs was added to the business environment. - FY2026-H1Continued monitoring of the coexistence of BEVs and hybrids and the influence of Chinese manufacturers.Annual report
「In the automotive industry, a range of options, not only BEVs (battery EVs), is being reassessed, with hybrid vehicles and BEVs playing leading roles. Automakers are continuing to develop BEVs alongside ongoing hybrid vehicle production and are moving into the preparation stage for full-scale mass production.」
The company reconfirmed that the powertrain mix is diverse, led by hybrid vehicles and BEVs rather than BEVs alone, and explained that automakers are moving into preparations for full-scale BEV mass production. The growing presence of Chinese automakers in Southeast Asia was also noted. - FY2025Shifted from a BEV-only approach to addressing a range of power sources.Annual report
「As electrification progresses in the automotive industry, a range of options, not only BEVs (battery EVs), are being reassessed, with hybrid vehicles and BEVs playing leading roles.」
While recognizing the progress of electrification, the business environment was characterized as being based on a range of power sources, including hybrid vehicles as well as BEVs. - FY2025-H1Clearly identified the shift toward EVs, the growth of local manufacturers and a review of available options.Annual report
「The shift toward EVs, particularly in China and Europe, is progressing. In China in particular, local automakers are increasing their unit sales, while rising production volumes are also affecting markets in neighboring countries. At the same time, as options other than EVs, including hybrid vehicles, are being reassessed, Japanese manufacturers are accelerating EV development.」
The progress of the shift toward EVs was described in terms of developments centered on China and Europe, increased sales and production by Chinese local manufacturers, and the impact on neighboring markets. Options such as hybrid vehicles are also being reassessed, while Japanese manufacturers are accelerating EV development. - FY2024-Q3WorsenedAnnual report
「However, amid the accelerating shift toward EVs in China and Europe, some believe that Japanese OEMs are lagging in their response to electrification, and uncertainty about the outlook continues.」
The acceleration of the shift toward EVs was identified in Europe as well as China, adding views on Japanese OEMs' delayed response to electrification and a sense of uncertainty about the outlook. - FY2024-Q2WorsenedAnnual report
「However, in China, where the shift toward EVs is advancing rapidly, Japanese and Western manufacturers continue to experience weak sales.」
The rapid shift toward EVs in China was specifically reflected in the weak sales of Japanese and Western manufacturers, making the impact of the structural transformation of the industry and the competitive environment associated with electrification clearer. - FY2024-Q1Clearly identified the shift toward EVs and the growth of EV-only manufacturers, particularly in China.Annual report
「The shift toward EVs is accelerating worldwide. In China in particular, EV-only manufacturers increased their unit sales significantly.」
The transformation of the automotive industry was described in terms of the global acceleration of the shift toward EVs and the growth in unit sales by EV-only manufacturers in the Chinese market. - FY2023-Q2WorsenedAnnual report
「Meanwhile, the shift toward EVs is progressing rapidly, intensifying competition.」
While vehicle electrification is advancing rapidly, intensifying competition in the EV sector was identified as a change in the external environment. - FY2022AdvancedAnnual report
「We view the global shift toward EVs as an opportunity to expand our business and will work to establish an EV-related business centered on battery housings and motor cores used in EVs.」
The company has moved from viewing electrification as an external environmental change and risk to seeking to establish a new business centered on battery housings and motor cores. - FY2020ReframedAnnual report
「The automotive industry in which the Group operates is entering a period of major transformation known as CASE & MaaS.」
The previous recognition of industry transformation centered on electrification was reframed as a major transformation of the entire automotive industry encompassing CASE and MaaS. Concrete responses, including battery-case development, are also advancing. - FY2019-Q1China EV and PHEV sales momentum made concreteAnnual report
「Overseas, passenger vehicle sales in North America continued to decline, while sales of EVs and PHEVs in China were strong, and a trend toward expansion continued in India and Thailand.」
Regarding the transformation of the automotive industry, including electrification, strong EV and PHEV sales in China were cited as actual market results, providing a concrete basis for viewing the shift to EVs as a growth opportunity. - FY2018Recognition of EV adoption as a growth opportunityAnnual report
「Against this business backdrop, the Group viewed the shift to EVs and the major transformation of the automotive industry as an opportunity, and, to achieve sustainable growth and evolution, set targets of ¥300 billion in revenue and ¥20 billion in operating income as part of its medium- to long-term growth strategy. The Group worked to achieve these targets through innovation in 3 areas: technology, sales and human resources.」
The Group explicitly stated that it would incorporate the shift to EVs and the transformation of the automotive industry into its medium- to long-term strategy as growth opportunities, rather than recognizing them only as risks and changes in the operating environment. - FY2018-Q3Explicit reference to accelerating EV adoption in Europe and ChinaAnnual report
「Against this business backdrop, we have advanced lightweight, high-rigidity body processing technologies with a view to addressing the accelerating adoption of electrified vehicles (EVs) in Europe and China.」
The advance of electrification was presented not merely as a general industry change but as an accelerating trend in Europe and China, making the target regions for the response explicit. - FY2018-Q2Explicit reference to EV initiativesAnnual report
「We have advanced the development of ultra-high-tensile materials, hot-stamping technology and dissimilar-material joining technologies using nonferrous materials such as aluminum, with a view to addressing not only gasoline-powered vehicles but also electrified vehicles (EVs), which require further weight reduction.」
Against the backdrop of electrification in the automotive industry, the company has explicitly stated its response to EVs and explained that it is advancing technologies involving ultra-high-tensile materials, hot stamping, aluminum and other materials. - FY2017RestatedAnnual report
「To meet demand for greater fuel efficiency and electrification of vehicles through lighter and more rigid bodies, we will further refine our ultra-high-tensile steel processing, hot-stamping and partial-softening technologies, which draw out the potential of steel. We will also advance the commercialization of forming technologies for nonferrous materials such as aluminum and CFRP, as well as dissimilar-material joining technologies for joining these nonferrous materials to steel.」
In light of industry changes driven by improved fuel efficiency and electrification, the company has reaffirmed its direction of responding through technologies for lighter and more rigid structures. - FY2016First statedAnnual report
「Furthermore, the electrification of powertrains, represented by EVs and fuel-cell vehicles, is bringing the automotive industry to a major turning point.」
The company recognizes industry changes including autonomous driving, transportation networks, EVs and fuel-cell vehicles as the backdrop to its medium- to long-term plan.