Declining demand for fuel-system and drivetrain components due to vehicle electrification
First written in FY2022. 3 of 7 entries say "Restated". Latest entry: 2026-08-05.
Piolax moved to the "Worse" side of this theme in 2024, 3 years after the typical company in this theme (2021).
The whole theme swung hardest in 2022: 10 of 29 companies on the "Worse" side.
21 other companies' latest entry also says "Restated".
- 2026-08-05RestatedEarnings
「The situation remains difficult due to intensifying competition among Japanese automakers in the Chinese automobile market and the shift toward EVs and progress in electrification, led by Chinese manufacturers.」
The company continued to highlight the progress of EV adoption and electrification led by Chinese manufacturers and the difficult conditions in the existing automotive-related market. - FY2026WorsenedAnnual report
「Amid the progress of electrification, autonomous driving and carbon neutrality, the Group recognizes the medium- to long-term risk of declining demand, particularly due to electrification, for conventional fuel-system and drivetrain components.」
The Company continues to identify declining demand for existing fuel-system and drivetrain components due to electrification as a medium- to long-term risk, with measures including the integration of development functions into the Product Development Headquarters. - FY2025WorsenedAnnual report
「The difficult conditions in the Chinese automotive market continue, including sluggish sales by Japanese automakers and a rapid shift toward EV adoption.」
In addition to sluggish sales by Japanese automakers in China, the rapid shift toward EV adoption was identified, and the environment related to declining demand for existing fuel-system and drivetrain components has become more challenging. - FY2025-H1WorsenedAnnual report
「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.」
In addition to sluggish sales by Japanese automakers in the Chinese automotive market, the shift toward rapid EV adoption was identified, and the market environment related to declining demand for existing fuel-system and drivetrain components was described as severe. - FY2024RestatedAnnual report
「As electrification advances, sales of some fuel-system components and other products in the Company's portfolio are expected to decline. To offset this, the Company has established a department specializing in new product development and is developing new products addressing CASE to expand its business.」
The Company continues to disclose the risk of declining demand for fuel-system components and other products due to electrification, as well as its response through CASE products developed by its new product development department. - FY2023RestatedAnnual report
「As electrification advances, sales of some fuel-system components and other products in the Company's portfolio are expected to decline. To offset this, the Company established a department specializing in new product development in fiscal 2022 and is developing new products addressing CASE to expand its business.」
The Company reconfirmed the risk of declining demand for fuel-system components and other products due to electrification and continues its policy of offsetting this through CASE products developed by its new product development department. - FY2022First statedAnnual report
「As the automotive industry rapidly advances initiatives toward achieving carbon neutrality, demand for CASE products, particularly products addressing electrification, is expected to increase. At the same time, demand for some products, including fuel-system and drivetrain components, may decline.」
The Company identified as a new risk the possibility that accelerating electrification could reduce demand for some existing fuel-system and drivetrain components.