High Dependence on the Automotive Industry
First written in FY2016. 14 of 35 entries say "Restated". Latest entry: 2026-07-29.
Estic moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 62 of 77 companies on the "Worse" side.
24 other companies' latest entry also says "Worsened".
- FY2026-H1WorsenedAnnual report
「Regarding capital investment by the automotive industry, our main customer base, major automakers have announced expectations of substantially lower profits, including downward revisions to their full-year forecasts due to the impact of US tariffs. Amid continuing global deceleration in EV demand, the resulting revisions to global investment plans are affecting Japan as well, with reductions, cancellations and postponements of some capital investment plans.」
It states that, amid dependence on the automotive industry, reductions, cancellations and postponements of capital investment are being seen in Japan against the backdrop of US tariffs and slowing EV demand. - FY2025-H1WorsenedAnnual report
「Against this backdrop, regarding capital investment by the automotive industry, our main customer base, conditions remained relatively solid, as in the first quarter, centered on investments in labor-saving equipment such as robots to improve production efficiency and reduce staffing, despite some negative factors including production adjustments caused by a series of inspection misconduct issues at automakers. However, it is expected to be difficult to determine the weighting and timing of investment among engines, hybrids and EVs, raising concerns that project execution could slow. Investment trends therefore require close monitoring.」
It states that production adjustments occurred due to inspection misconduct issues at automakers, while uncertainty over EV demand made it difficult to determine investment allocation and timing among engines, hybrids and EVs, raising concerns about slower project execution. - FY2025-Q1Uncertainty over EV investment and confusion over investment allocationAnnual report
「Regarding capital investment by the automotive industry, our main customer base, companies remained proactive in investing to improve productivity and reduce labor requirements. However, amid global uncertainty over the outlook for EV demand, investment allocation showed some confusion, including an increase in plans for hybrid-related investment. Overall, the capital investment environment remained relatively active.」
It states that capital investment by the automotive industry was generally active, but investment allocation from EVs to hybrid-related projects has become confused against the backdrop of uncertainty over EV demand. - FY2024WorsenedAnnual report
「In the automotive industry, our main customer base, investment by Japanese automakers in the Chinese market was reviewed due to the expanding shift to EVs in China, while capital investment plans were postponed because of certification testing misconduct by domestic manufacturers. As a result, the recovery in large-scale capital investment, which had been expected at the beginning of the period after stagnating during the pandemic, was weak. Stand-alone nutrunner and hand nutrunner sales increased slightly, but sales of equipment incorporating hand nutrunners and of screw-tightening equipment declined both against budget and year on year.」
It states that, amid dependence on the automotive industry, capital investment plans were postponed against the backdrop of reviews of investment in China and certification testing misconduct, and that the recovery in large-scale capital investment was weak. - FY2024-Q3WorsenedAnnual report
「The economic slowdown in China and misconduct issues at certain automakers, among other factors, led to more frequent postponements of planned order placement and delivery schedules than in the second quarter. Although orders for our screw-tightening equipment remained solid, sales fell below the original budget.」
Regarding capital investment risks related to dependence on the automotive industry, it states that postponements of planned order placement and delivery schedules increased from the second quarter, and sales of screw-tightening equipment fell below budget. - FY2024-Q2RestatedAnnual report
「Against this backdrop, regarding capital investment by the automotive industry, our main customer base, industry-wide capital investment is expected to increase from the previous period. In practice, however, delays are frequently seen in the timing of large-scale project execution. Although orders for screw-tightening equipment remain solid, sales were below plan.」
It states that automotive industry capital investment is expected to increase from the previous period, while the timing of large-scale project execution has slowed and sales of screw-tightening equipment continue to fall short of plan. - FY2024-Q1Large-scale capital investment plans increase, but execution slowsAnnual report
「Against this backdrop, regarding capital investment by the automotive industry, our main customer base, the number of large-scale investment projects is trending upward compared with the pandemic, but delays are frequently seen in the timing of project execution. Although orders for screw-tightening equipment remain solid, sales were below plan.」
It states that the number of large-scale investment projects in the automotive industry is trending upward compared with the pandemic, while project execution is slowing, and sales of screw-tightening equipment fell below plan. - FY2023-Q3Capital investment plans and supply volumes show signs of improvement, but remain uncertainAnnual report
「Against this backdrop, regarding capital investment by the automotive industry, our main customer base, large-scale capital investment plans that had been postponed due to longer lead times at equipment manufacturers caused by semiconductor shortages and other factors are beginning to move forward somewhat, as signs of improvement emerge in semiconductor supply conditions.」
It states that large-scale capital investment plans are beginning to move forward due to signs of improvement in semiconductor supply conditions. However, supply volumes still fall short of demand, and the continuation of the recovery remains uncertain. - FY2023-Q2Capital investment environment shows signs of improvement, but supply constraints continueAnnual report
「In the second quarter, some improvement became visible in these conditions. However, although demand for our core hand nutrunners remains active, semiconductor supply continues to be tight, making it difficult to produce enough to meet demand. Adjustments, including longer lead times and a temporary suspension of orders for certain models, therefore continue.」
While some improvement was seen in the automotive industry's large-scale capital investment plans, tight semiconductor supply made it difficult to produce enough to meet demand, and longer lead times and temporary suspension of orders for certain models continued. - FY2023-Q1WorsenedAnnual report
「Capital investment plans, including those postponed during the pandemic, are beginning to move forward steadily at each company. However, large-scale investment plans are frequently being postponed because shortages of components caused by recent semiconductor shortages and other factors have significantly extended delivery times for equipment manufacturers.」
It states that automotive industry capital investment plans are beginning to move forward, but large-scale investment plans are frequently being postponed against the backdrop of component shortages and longer delivery times caused by semiconductor shortages. - FY2022-Q3RestatedAnnual report
「Under these economic conditions, regarding capital investment by the automotive industry, our main customer base, many automotive-related manufacturers have intermittently implemented production adjustments, primarily due to semiconductor shortages and also due to disruptions in the supply of other components, as in the second quarter, and the outlook remains uncertain.」
It states that, with the automotive industry as the company's main customer base, production adjustments caused by shortages of semiconductors and other components, together with uncertainty over capital investment, continued from the second quarter. - FY2022-Q2WorsenedAnnual report
「Against this backdrop, regarding capital investment by the automotive industry, our main customer base, many automotive-related manufacturers have implemented intermittent and prolonged production adjustments as shortages of semiconductors and disruptions in the supply of some components caused by the prolonged pandemic, and the outlook remains uncertain.」
It states that, in the automotive industry, component supply disruptions have occurred in addition to semiconductor shortages, leading many manufacturers to implement intermittent and prolonged production adjustments. The outlook for capital investment also remains uncertain. - FY2022-Q1WorsenedAnnual report
「Against this backdrop, regarding capital investment by the automotive industry, our main customer base, many customers continue to adjust production due to semiconductor shortages, while others remain subject to restrictions on activities and contact under the pandemic. The outlook for large-scale capital investment therefore remains uncertain.」
It states that risks related to dependence on the automotive industry continue to include customers' production adjustments caused by semiconductor shortages, restrictions on activities and contact, and uncertainty over the outlook for large-scale capital investment. - FY2021MitigatedAnnual report
「As a group, we will continue to strengthen sales to the automotive-related industry while also seeking to expand our sales channels into other industries.」
It explicitly identifies expansion into other industries as a response to risk, while maintaining dependence on the automotive industry, which accounts for approximately 90% of domestic sales and nearly 100% of overseas sales. - FY2021-Q2RestatedAnnual report
「However, many customers are still in the process of reviewing their capital investment plans in light of the impact of COVID-19, and the market environment remains highly uncertain.」
It states that, in the automotive industry, the company's main customer base, restrictions on contact with customers are gradually being lifted, while reviews of capital investment plans in light of the impact of the pandemic continue and uncertainty about the outlook remains high. - FY2021-Q1MaterialisedAnnual report
「Customers' production activities and our sales activities were significantly restricted by temporary shutdowns of customers' production lines and bans on visits to their facilities. As a result of temporary freezes, postponements, revisions and restructuring of capital investment plans, sales remained substantially below the same period of the previous year.」
It states that risks related to dependence on the automotive industry materialized through customers' production stoppages and visitor bans, freezes and postponements of capital investment plans, and sales falling substantially below the same period of the previous year. - FY2020WorsenedAnnual report
「Against this backdrop, regarding capital investment by the automotive industry, our main customer base, companies are exploring revisions and restructuring of their capital investment plans, with a scrap-and-build approach in mind, in anticipation of changes in the future market environment, including connected cars, autonomous driving, sharing and electrification. In addition, postponements and revisions of domestic capital investment plans due in part to international developments such as US-China trade friction and Brexit have become increasingly pronounced.」
It states that, while the company's dependence on the automotive industry remains, postponements and revisions of capital investment plans have become increasingly pronounced. - FY2020-Q3WorsenedAnnual report
「Against this backdrop, regarding capital investment by the automotive industry, our main customer base, companies are exploring revisions and restructuring of their capital investment plans, with a scrap-and-build approach in mind, in anticipation of changes in the future market environment, including connected cars, autonomous driving, sharing and electrification. In addition, postponements and revisions of domestic capital investment plans due in part to international developments such as US-China trade friction and Brexit have become increasingly pronounced.」
It states that, regarding capital investment by the automotive industry, revisions and restructuring in anticipation of changes in the market environment, including connected cars, are advancing, while postponements and revisions of domestic capital investment plans stemming from international developments have become increasingly pronounced. These developments have materialized as specific risks. - FY2020-Q2WorsenedAnnual report
「Against this backdrop, regarding capital investment by the automotive industry, our main customer base, conditions remain solid overall. However, some domestic capital investment plans have been postponed or revised due in part to international developments such as US-China trade friction and Brexit, increasing uncertainty about the outlook.」
It states that, while capital investment by the automotive industry remained solid overall, some domestic capital investment plans were postponed or revised against the backdrop of international developments, increasing uncertainty about the outlook. - FY2020-Q1WorsenedAnnual report
「In particular, forward-looking capital investment plans among automotive companies are becoming less vigorous than in the previous fiscal year, including as companies monitor developments in US-China trade friction and Japan-US trade negotiations.」
It states that, while capital investment by the automotive industry, the company's main customer base, remained solid, forward-looking capital investment plans are becoming less vigorous than in the previous fiscal year against the backdrop of trade friction and trade negotiations. - FY2019RestatedAnnual report
「Approximately 90% of the Company's product sales in Japan and nearly 100% of its overseas product sales are to the automotive industry.」
It reconfirms the company's dependence on the automotive industry, which accounts for approximately 90% of domestic sales and nearly 100% of overseas sales. - FY2019-Q3RestatedAnnual report
「Against this backdrop, regarding capital investment by the automotive industry, our main customer base, companies continue to invest actively against the backdrop of strong earnings, and sales remained solid, as in the previous fiscal year.」
It reconfirms that capital investment and sales by the automotive industry, the company's main customer base, remained solid, as in the previous fiscal year. - FY2019-Q1RestatedAnnual report
「Against this backdrop, regarding capital investment by the automotive industry, our main customer base, companies continue to invest actively against the backdrop of strong earnings, and conditions remain solid, as in the previous fiscal year.」
It reconfirms that the automotive industry is the company's main customer base and that capital investment remained solid, as in the previous fiscal year. - FY2018RestatedAnnual report
「Approximately 90% of the Company's product sales in Japan and nearly 100% of its overseas product sales are to the automotive industry.」
It reconfirms the company's dependence on the automotive industry, which accounts for approximately 90% of domestic sales and nearly 100% of overseas sales, and the possibility that business performance could be affected by a decline in capital investment. - FY2018-Q3RestatedAnnual report
「Regarding capital investment by the automotive industry, our main customer base, companies continue to invest actively against the backdrop of strong earnings, and conditions remain solid, as in the previous quarter.」
It reconfirms that capital investment by the automotive industry, the company's main customer base, remained solid, as in the previous quarter. - FY2018-Q2RestatedAnnual report
「Regarding capital investment by the automotive industry, our main customer base, some caution is emerging toward investment in automation equipment such as screw-tightening equipment. Overall, however, including tools such as hand nutrunners, the solid capital investment environment seen in the previous year continues.」
It reconfirms that the automotive industry is the company's main customer base. It states that, although some caution was seen toward automation equipment, the overall capital investment environment, including tools, remained solid. - FY2018-Q1RestatedAnnual report
「Against this backdrop, regarding capital investment by the automotive industry, our main customer base, the domestic market continued to provide a solid capital investment environment, although some caution was emerging, while orders in the US market remained solid, particularly for hand nutrunners.」
It reconfirms that, while the automotive industry's capital investment environment was somewhat cautious domestically, it remained solid overall, and orders in the US market were also solid. - FY2017RestatedAnnual report
「Approximately 90% of the Company's product sales in Japan and nearly 100% of its overseas product sales are to the automotive industry.」
It reconfirms the company's dependence on the automotive industry, which accounts for approximately 90% of domestic sales and nearly 100% of overseas sales. It states that business performance may be affected by declines in capital investment and automotive purchases. - FY2017-Q3RestatedAnnual report
「Against this backdrop, regarding capital investment by the automotive industry, our main customer base, investment decisions in the domestic market became temporarily more cautious at the beginning of the period due to the yen's appreciation since the start of the year. However, the yen shifted toward depreciation in the second half, and against the backdrop of solid corporate earnings at each company and a gradual economic recovery, companies continued to take an active approach to capital investment in both tools and machinery and equipment. Sales of our products, led by hand nutrunners, remained solid and above the previous year.」
It reconfirms that the automotive industry is the company's main customer base. It states that, following a more cautious stance at the beginning of the period, an active approach to domestic capital investment continued. - FY2017-Q2RestatedAnnual report
「Against this backdrop, regarding capital investment by the automotive industry, our main customer base, investment decisions in the domestic market are becoming more cautious due to the yen's appreciation since the beginning of the year. However, against the backdrop of solid corporate earnings at each company and a gradual economic recovery, companies continue to take an active approach to capital investment in both tools and machinery and equipment,」
It reconfirms that the automotive industry is the company's main customer base. It states that domestic capital investment remained active overall, although the appreciation of the yen led to more cautious investment decisions. - FY2017-Q1RestatedAnnual report
「Regarding capital investment by the automotive industry, our main customer base, investment decisions in the domestic market are becoming more cautious due to the recent appreciation of the yen. However, against the backdrop of improved export conditions resulting from the yen's previous depreciation and a steady economic recovery, companies continue to take an active approach to capital investment in both tools and machinery and equipment.」
It reconfirms that the automotive industry is the company's main customer base. It states that there have been no material changes in business and other risks. - FY2016First statedAnnual report
「Approximately 90% of the Company's product sales in Japan and nearly 100% of its overseas product sales are to the automotive industry.」
It states that a decline in capital investment by the automotive industry and a decrease in automotive purchases could affect business performance, alongside a sales mix weighted approximately 90% to Japan and nearly 100% overseas toward the automotive industry.