Dependence on the Automotive Industry and Specific Customers

「The Group has a relatively high proportion of sales to NISSAN MOTOR CO.,LTD., its group companies and suppliers. Changes in the group's production and sales plans, procurement policies, and requirements regarding prices, quality and delivery schedules may affect the Group's performance and financial position.」

「Although production volumes declined year on year, sales volumes increased and the automotive industry is recovering gradually. However, difficult conditions continued, including weak sales of Japanese automakers in the Chinese automotive market.」

「More than 90% of our Group's sales are generated from the automotive industry, with Japanese automakers among our principal customers. Consequently, the Group's performance is affected by production and sales trends at Japanese automakers.」

「The automotive industry, a major customer of our Group, remained in difficult conditions, with production volumes declining due to production and shipment stoppages resulting from misconduct issues at certain automakers. It was also affected by weak sales of Japanese automakers in the Chinese automotive market and the rapid shift toward EVs.」

「The Group has a high proportion of sales to NISSAN MOTOR CO.,LTD., its group companies and their parts suppliers, and its performance is affected by production and sales trends at the NISSAN MOTOR CO.,LTD. group. We have therefore focused on expanding sales to customers other than our principal customers, particularly non-Japanese overseas automakers, and will continue working to diversify our customer base.」

「The automotive industry, a major customer of our Group, remained in difficult conditions as automakers continued to adjust production due to the global semiconductor shortage. It was also affected by weak sales of Japanese OEMs in the Chinese market, material supply issues, higher prices and rising energy costs, including electricity charges. However, as the impact of semiconductor shortages eased, domestic production turned to an increase year on year.」

「The automotive industry, a major customer of our Group, remained in difficult conditions as automakers continued to adjust production due to the global semiconductor shortage. It was also affected by weak sales of Japanese OEMs in the Chinese market, material supply issues, higher prices and rising energy costs, including electricity charges. However, as the impact of semiconductor shortages gradually eased, domestic production increased year on year.」

「More than 90% of our Group's sales are generated from the automotive industry, with Japanese automakers among our principal customers. Consequently, the Group's performance is affected by production and sales trends at Japanese automakers. One related event has been reductions in customers' production volumes caused by semiconductor component supply problems that have continued since 2021.」

「Although we actively promoted global sales expansion, including in the United States and emerging markets, the foreign-exchange effect of a weaker yen offset the impact of production cuts resulting from customers' reduced production due to COVID-19 and tight semiconductor supply. Net sales were ¥40,380 million, up 6.1% from the previous fiscal year.」

「Against this demand backdrop, our group captured customer needs accurately and continued to promote global sales expansion, but revenue declined by ¥296 million, or 1.1%, year on year to ¥27,707 million due to the impact of production cuts resulting from customers reducing production amid the novel coronavirus disease.」

「The automotive industry, our Group's principal customer industry, remained in a difficult environment. Production cuts by automakers continued due to the effects of lockdowns and other measures related to COVID-19 and tight global semiconductor supply, while the Group was also affected by material supply problems, higher prices and increased transportation costs associated with economic recovery. Domestic production units consequently declined from the previous year. Under these demand conditions, the Group accurately identified customer needs and continued to promote sales expansion globally. However, affected mainly by production cuts resulting from customers' reduced production due to COVID-19, net sales were ¥13,911 million, a decrease of ¥429 million, or 3.0%, from the previous fiscal year.」

「More than 90% of our Group's sales are generated from the automotive industry, with Japanese automakers among our principal customers. Consequently, the Group's performance is affected by production and sales trends at Japanese automakers. We have therefore focused on expanding sales to customers other than our principal customers and will continue working to broaden our customer base.」

「The automotive industry, a major customer of our Group, remained in difficult conditions as production cuts by automakers continued due to the global semiconductor shortage, while it continued to be affected by material supply issues, higher prices and increased transportation costs accompanying the economic recovery. As a result, domestic production declined year on year.」

「The automotive industry, a major customer of our Group, remained in difficult conditions, affected not only by COVID-19 but also by pronounced production cuts by automakers due to the global semiconductor shortage, as well as material supply issues, higher prices and increased transportation costs accompanying the economic recovery. However, as production declines and plant shutdowns caused by lockdowns and other factors such as those seen in the previous fiscal year did not occur this fiscal year, domestic production also increased substantially year on year.」

「The automotive industry, a major customer of our Group, was affected by pronounced production cuts by automakers due to the global semiconductor shortage, as well as material supply issues, higher prices and increased transportation costs accompanying the economic recovery. However, as production declines and plant shutdowns caused by lockdowns and other factors such as those seen in the previous fiscal year did not occur this fiscal year, domestic production increased substantially year on year.」

「More than 90% of our Group's sales are generated from the automotive industry, with Japanese automakers among our principal customers. Consequently, the Group's performance is affected by production and sales trends at Japanese automakers. One related event has been reductions in customers' production volumes caused by delays in obtaining semiconductor components since the fourth quarter of the fiscal year ending March 2021.」

「Against this demand backdrop, our group captured customer needs accurately and continued to promote global sales expansion, but revenue declined by ¥12,526 million, or 26.3%, year on year to ¥35,018 million, mainly due to production cuts resulting from customers suspending operations and reducing production amid the spread of the coronavirus disease.」

「Although production and sales had begun to recover in China and elsewhere, production and operations were suspended in major overseas markets such as the United States and Europe due to lockdowns and other factors. In Japan, production also declined sharply as production and inventory adjustments occurred, as they did overseas. Under these demand conditions, the Group accurately identified customer needs and continued to promote sales expansion globally. However, mainly due to production cuts resulting from customers' suspended operations and reduced production associated with the spread of COVID-19, net sales were ¥20,384 million, a decrease of ¥11,550 million, or 36.2%, year on year.」

「Although production and sales had begun to recover in parts of China and elsewhere, production and operations were suspended in major overseas markets such as the United States and Europe due to lockdowns and other factors. In Japan, production also declined sharply as production and inventory adjustments occurred, as they did overseas. Under these demand conditions, the Group accurately identified customer needs and continued to promote sales expansion globally. However, mainly due to production cuts resulting from customers' suspended operations and reduced production associated with the spread of COVID-19, net sales were ¥10,368 million, a decrease of ¥5,528 million, or 34.8%, from the previous fiscal year.」

「Accordingly, we have focused on expanding sales to customers other than our principal customers and will continue working to broaden our customer base. Most recently, we received our first order from Volkswagen (VW).」

「The automotive industry, a major customer of our Group, experienced production cuts in Japan due in part to natural disasters compared with the previous year, while production cuts continued overseas, including in North America, Europe and China.」

「Under these demand conditions, the Group accurately identified customer needs and continued to promote sales expansion globally. However, mainly due to production cuts in Europe, the United States and China, net sales were ¥31,934 million, a decrease of ¥2,662 million, or 7.7%, from the previous fiscal year.」

「Although production cuts continued overseas in North America, Europe, China and elsewhere, domestic production increased year on year, partly because sales of mini vehicles were strong. Under these demand conditions, the Group accurately identified customer needs and continued to promote sales expansion globally. However, mainly due to production cuts in Europe, the United States and China, net sales were ¥15,896 million, a decrease of ¥1,264 million, or 7.4%, from the previous fiscal year.」

「More than 90% of our Group's sales are generated from the automotive industry, with Japanese automakers among our principal customers. Consequently, the Group's performance is affected by production and sales trends at Japanese automakers.」

「The automotive industry, a major customer of our Group, continued to perform well overseas, particularly in Asia. In Japan, strong exports, among other factors, resulted in domestic production increasing year on year.」

「The automotive industry, a major customer of our Group, continued to perform well overseas, particularly in China. In Japan, strong exports, among other factors, resulted in domestic production increasing year on year.」

「The automotive industry, a major customer of our Group, continued to perform well overseas, particularly in China. In Japan, strong exports, among other factors, resulted in domestic production increasing year on year.」

「The automotive industry, a major customer of our Group, continued to perform well overseas, particularly in the United States and China. Although Japan was affected by issues including inspections of completed vehicles conducted by unauthorized personnel, strong exports, mainly supported by the continued trend toward a weaker yen, resulted in domestic production increasing 4.8% year on year to 7.141 million vehicles.」

「The automotive industry, a major customer of our Group, continued to perform well overseas, particularly in the United States and China. In Japan, strong exports, supported in part by the continued trend toward a weaker yen, resulted in domestic production increasing 5.9% year on year to 4.671 million vehicles.」

「The automotive industry, a major customer of our Group, continued to perform well overseas, particularly in the United States and China. In Japan, strong exports, supported in part by the continued trend toward a weaker yen, resulted in domestic production increasing 9.3% year on year to 2.301 million vehicles.」

「More than 90% of our Group's sales are generated from the automotive industry, with Japanese automakers among our principal customers. Consequently, the Group's performance is affected by production and sales trends at Japanese automakers.」

「The automotive industry, a major customer of our group, has continued to perform well overseas, particularly in the U.S. and China. Although domestic operations were affected mainly by lower export value resulting from the stronger yen, domestic production increased 0.2% year on year to 6,815 thousand vehicles.」

「The automotive industry, a major customer of our group, has continued to perform well overseas, particularly in the U.S. and China, but domestic production declined 0.8% year on year to 4,411 thousand vehicles, mainly due to lower export value resulting from the stronger yen.」

「More than 90% of our Group's sales are generated from the automotive industry, with Japanese automakers among our principal customers. Consequently, the Group's performance is affected by production and sales trends at Japanese automakers.」