Regional Weakness in Demand from the Automotive-Related Industry
First written in FY2016-Q2. 15 of 34 entries say "Restated". Latest entry: FY2026-H1.
Osg moved to the "Worse" side of this theme in 2024, 5 years after the typical company in this theme (2019).
The whole theme swung hardest in 2019: 36 of 68 companies on the "Worse" side.
3 other companies' latest entry also says "Reframed".
- FY2026-H1ReframedAnnual report
「By industry, automobile-related demand was broadly flat, while demand related to aircraft remained firm.」
It describes the industry-specific situation as broadly flat automobile-related demand and firm aircraft-related demand. - 2026-07-02RestatedRevision of earnings forecasts
「Although demand related to automobiles continued to lack strength, demand across the manufacturing sector remained firm in the Americas. In Europe, demand related to aircraft, medical applications and power generation remained firm, while in Asia, particularly in China, demand for electronic components, semiconductor manufacturing equipment and data centers was strong.」
The company reconfirmed that demand related to automobiles continued to lack strength. - FY2025-H1WorsenedAnnual report
「By industry, the automobile-related industry struggled, while the aircraft-related and medical-related industries delivered relatively strong results.」
It states that the aircraft- and medical-related industries were relatively strong, while the automobile-related industry struggled in Europe, explicitly indicating differences in demand by industry. - FY2024WorsenedAnnual report
「In the Group's major markets, the automobile-related industry in Japan is moving toward recovery following the impact of the certification scandal on production, while conditions remain difficult in some countries in Europe and Southeast Asia.」
In addition to the domestic certification scandal, automobile-related demand is described as difficult in some parts of Europe and Southeast Asia, indicating the extent of the weaker regions. - FY2024-Q2WorsenedAnnual report
「In particular, the automobile certification scandal led to production and shipment suspensions at some automobile manufacturers, affecting the automobile-related industry, which had been on a recovery trend, while manufacturing production activity continued to move unevenly.」
It states that the impact of the automobile certification scandal on domestic automobile-related demand continued, with some manufacturers experiencing shipment suspensions in addition to production suspensions. - FY2024-Q1ReframedAnnual report
「In Asia, centered on China and Taiwan, conditions were on a recovery trend compared with the same period of the previous year, while difficult conditions continued in Japan, resulting in mixed outcomes by region.」
Demand conditions, including those related to automobiles, differed by region: Japan remained difficult, while Asia, including China and Taiwan, was on a recovery trend year on year. - FY2023ReframedAnnual report
「In the Group's major markets, the automobile-related industry is recovering, while recovery in the aircraft-related industry has become pronounced in Europe and the United States.」
The assessment by industry and region has shifted to a situation in which the automobile-related industry and the aircraft-related industry in Europe and the United States are in a recovery phase, while difficult conditions remain in Japan and some other regions. - FY2023-Q3RestatedAnnual report
「Both the automobile-related and aircraft-related industries are moving toward recovery, while other manufacturing industries, including construction machinery, remain firm.」
It reconfirms the industry-specific demand conditions of recovery in the automobile- and aircraft-related industries and firm conditions in other manufacturing industries, including construction machinery. - FY2023-Q2RestatedAnnual report
「Both the automobile-related and aircraft-related industries are gradually moving toward recovery, while other manufacturing industries, including construction machinery, remain firm. However, shortages of semiconductors and other components caused by global supply chain disruptions, as well as labor shortages, have not been fully resolved and are holding back the recovery in manufacturing.」
It continues to describe a gradual recovery in the automobile- and aircraft-related industries and firm conditions in construction machinery and other sectors, while component and labor shortages constrain the recovery. - FY2023-Q1ReframedAnnual report
「Both the automobile-related and aircraft-related industries are gradually moving toward recovery, while other manufacturing industries, including construction machinery, remain firm.」
It describes automobile- and aircraft-related demand as having shifted from uniformly weak conditions to a gradual recovery phase, while constraints such as component shortages remain in some regions. - FY2022RestatedAnnual report
「As recovery in the automobile-related industry in particular stalled and failed to progress as expected, sales of taps, one of the Company's core products, remained firm for the general parts industry. The aircraft-related industry has also moved past its bottom, with new projects and other business gradually increasing and the industry entering a recovery trend.」
It reconfirms for the full year the stalled recovery in the automobile-related industry, firm tap sales to the general parts industry, and the recovery trend in the aircraft-related industry. - FY2022-Q3RestatedAnnual report
「As recovery in the automobile-related industry in particular stalled and failed to progress as expected, sales of taps, one of the Company's core products, remained firm for the general parts industry. The aircraft-related industry has also moved past its bottom, with new projects and other business gradually increasing and the industry entering a recovery trend.」
It reconfirms the industry-specific demand conditions of a stalled recovery in the automobile-related industry and a bottoming-out and increase in new projects in the aircraft-related industry. - FY2022-Q2ReframedAnnual report
「The automobile-related industry is in the process of recovering, but the impact of component shortages, exacerbated by Russia's invasion of Ukraine as described above, and higher raw material, transportation and other costs are holding back the recovery. Meanwhile, the aircraft-related industry has bottomed out, and new projects and other business are showing a tendency to increase.」
While recovery in automobile-related demand has stalled due to component shortages and other factors, the aircraft-related industry has bottomed out and new projects are increasing, indicating differing demand conditions by industry. - FY2022-Q1RestatedAnnual report
「As the automobile-related industry in particular stalled amid the rapid spread of COVID-19 caused by the Omicron variant and shortages of semiconductors and other components, sales of taps, one of the Company's core products, remained firm for the general parts industry.」
It states that the stalled recovery in the automobile-related industry continued due to the Omicron variant and component shortages, while tap sales to the general parts industry remained firm. - FY2021RestatedAnnual report
「In the automobile-related industry, one of the Group's major markets, monthly automobile production volumes in major countries temporarily recovered to levels close to those before the COVID-19 pandemic, but stalled as the resurgence of COVID-19 caused by variant strains coincided with shortages of semiconductors and other components.」
It also states for the full year that demand for automobiles in major countries had passed through a recovery phase but has stalled due to variant strains and component shortages. - FY2021-Q3WorsenedAnnual report
「In the automobile-related industry, one of the Group's major markets, monthly automobile production volumes in major countries temporarily recovered to levels close to those before the COVID-19 pandemic, but have recently stalled due to semiconductor shortages and other factors.」
Automobile production in major countries recovered to levels close to those before the pandemic, but subsequently stalled due to semiconductor shortages and other factors. - FY2021-Q2MitigatedAnnual report
「In the automobile-related industry, one of the Group's major markets, monthly automobile production volumes in major countries have recovered to levels close to those before the COVID-19 pandemic.」
Automobile production volumes in major countries recovered to levels close to those before the pandemic, while the impact on the aircraft-related industry remained in some regions. - FY2021-Q1MitigatedAnnual report
「In the automobile-related industry, one of the Group's major markets, monthly automobile production volumes in major countries have recovered to levels close to those of the same period of the previous year, while the aircraft-related industry, also a major market, remains in a very difficult situation, resulting in mixed conditions.」
It states that production volumes in the major countries for the automobile-related industry have recovered to levels close to those of the same period of the previous year, while difficult conditions in the aircraft-related industry continue. - FY2020-Q3RestatedAnnual report
「In the Group's major markets, automobile production volumes declined significantly from the same period of the previous year, except in China, while the aircraft-related industry was also in a very difficult situation. Although some regions are showing signs of recovery, uncertainty remains about the outlook as described above, and it will still take time for conditions to return to pre-pandemic levels.」
It describes the continued significant decline in automobile production volumes and difficult conditions in the aircraft-related industry, while also distinguishing regions outside China and noting signs of recovery in some regions. - FY2020-Q2WorsenedAnnual report
「In the Group's major markets, automobile production volumes declined significantly from the same period of the previous year, while the aircraft-related industry was also in a very difficult situation.」
The deterioration in demand conditions across the major markets was explicitly described as having shifted from previously weak demand by region to a significant decline in automobile production volumes and very difficult conditions in the aircraft-related industry. - FY2020-Q1WorsenedAnnual report
「In the Group's major markets, automobile production volumes declined from the same period of the previous year, while the aircraft-related industry was also in a difficult situation.」
The decline in automobile production volumes and the difficult conditions in the aircraft-related industry were described as trends across the major markets overall. - FY2019-Q3RestatedAnnual report
「In North America, a major market, demand from the aircraft industry was strong and demand from the automotive industry was firm, but signs of a slowdown emerged in other industries, including heavy industry and mold manufacturing. In Mexico, demand from the automotive industry remained firm.」
It states that demand related to automobiles in North America and Mexico remains firm, while there are signs of a slowdown in heavy industry, mold manufacturing and other sectors in North America. - FY2019-Q2RestatedAnnual report
「In North America, a major market, demand from the aircraft industry was strong, while demand from other industries, including the automotive industry, remained firm. In Mexico, demand from the automotive industry remained firm.」
Automotive demand in North America and Mexico is described as firm, reconfirming regional demand conditions. Weak automotive demand in China is described in the thread on China’s economic slowdown. - FY2019-Q1ReframedAnnual report
「In North America, a major market, demand from the aircraft industry was strong, while demand from other industries, including the automotive industry, remained firm. In Mexico, demand from the automotive industry remained firm.」
Although automotive demand in North America and Mexico is described as firm, market conditions in China remain weak, particularly for the automotive industry, shifting the description of weak regions toward a focus on China. - FY2018-Q3MitigatedAnnual report
「In North America, a major market, demand from the aircraft industry was strong, while demand from other industries, including the automotive industry, remained firm. In Mexico, demand from the automotive industry remained firm.」
The description has changed from the previous quarter’s statement that automotive demand in North America was sluggish to state that demand from other industries, including the automotive industry, remained firm even in North America. - FY2018-Q2RestatedAnnual report
「In North America, a major market, demand from the automotive industry remained sluggish, while demand from other industries, including the aircraft industry, remained firm. In Mexico, demand from the automotive industry remained firm.」
The regional difference between sluggish automotive demand in North America and firm automotive demand in Mexico is reiterated. - FY2018-Q1MitigatedAnnual report
「In North America, a major market, demand from both the automotive and aircraft industries remained firm. In Mexico, demand from the automotive industry also remained firm.」
Demand from the automotive industry in North America and Mexico is described as firm, including North American automotive demand that had previously been described as sluggish. - FY2017RestatedAnnual report
「In North America, a major market, demand from the automotive industry remained sluggish, while demand from the aircraft industry remained firm. In Mexico, demand from the automotive industry remained robust and favorable.」
The previous description of regional differences is reiterated, with sluggish automotive demand in North America but robust demand in Mexico. - FY2017-Q3RestatedAnnual report
「In North America, a major market, demand from the aircraft industry was firm, while demand from the automotive industry remained sluggish. In Mexico, market conditions were favorable, particularly for the automotive industry.」
Automotive demand varied by region, with sluggish conditions in North America but favorable conditions in Mexico. - FY2017-Q2RestatedAnnual report
「Demand from both the automotive industry, a major user, and the aircraft industry remained firm.」
Demand from the automotive industry is again described as having remained firm, along with demand from the aircraft industry. - FY2017-Q1MitigatedAnnual report
「Demand from both the automotive industry, a major user, and the aircraft industry remained firm.」
The previous description of weak automotive demand by region has been updated to state that demand from the automotive industry remained firm during the quarter. - FY2016ReframedAnnual report
「In North America, a major market, demand from the aircraft industry was firm, but market conditions were generally soft due to the slowdown in demand from the automotive industry.」
The description of regions with weak automotive demand has been reorganized from a previous focus on China to a regional breakdown reflecting slowdowns in the United States and China. - FY2016-Q3RestatedAnnual report
「Demand from the aircraft industry remained generally firm, while demand from the automotive industry, a major user, was generally soft due largely to the impact of the slowdown in China, despite remaining firm in Japan and Europe.」
The description again states that demand from the automotive industry was soft, largely due to the impact of the slowdown in China. - FY2016-Q2First statedAnnual report
「Demand from the aircraft industry remained generally firm, but demand from the automotive industry, a major user, was generally weak in regions other than Japan and Europe.」
Weak demand from the automotive industry outside Japan and Europe is listed as a business risk.