High dependence on the passenger-car engine business and market contraction driven by electrification
First written in FY2024-Q3. 5 of 6 entries say "Materialised", first in FY2025-H1. Latest entry: FY2026.
Npr-Riken moved to the "Worse" side of this theme in 2024, 1 year before the typical company in this theme (2025).
The whole theme swung hardest in 2025: 5 of 7 companies on the "Worse" side.
1 other company's latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「In the Chinese market, sales of Japanese-affiliated automakers remain sluggish and their market share continues to decline.」
Against the backdrop of electrification and structural changes in the Chinese market, sales of Japanese-affiliated automakers remain sluggish and their market share continues to decline. Of the ¥2,244 million impairment loss recorded for automobile-related manufacturing equipment during the current period, ¥1,064 million related to the Automobile and Industrial Machinery Parts business. - 2026-06-05MaterialisedGeneral Meeting of Shareholders
「子会社において、収益性の低下等により減損の兆候が認められたことから「固定資産の減損に係る会計基準」に基づいて将来の回収可能性を検討した結果、減損損失を認識しました。」
自動車部品製造設備などについて、収益性低下等を背景に合計2,244百万円の減損損失を計上している。 - FY2026-H1MaterialisedAnnual report
「In the Chinese market, sales of Japanese vehicles remain sluggish and their market share continues to decline.」
Sales of Japanese vehicles remain sluggish and their market share continues to decline in the Chinese market. The company also recorded an impairment loss of ¥352 million on automobile-related product manufacturing equipment due to lower profitability resulting from changes in the business environment. - FY2025MaterialisedAnnual report
「Global automobile production was roughly in line with the previous year, supported by growth in the Chinese market. In China, automobile production increased on the growth of electric vehicles, including BEVs, but production of vehicles equipped with internal combustion engines remains sluggish.」
As the contraction of the ICE market due to electrification continues, the company recorded an impairment loss of ¥1,301 million due to lower profitability of automobile-related product manufacturing equipment. - FY2025-H1MaterialisedAnnual report
「In the Automobile and Industrial Machinery Parts segment, the Group recorded an impairment loss on automobile-related product manufacturing equipment at ㈱リケン and ㈱日ピス福島製造所 due to a decline in profitability resulting from changes in the business environment. The impairment loss recorded during the current interim consolidated accounting period amounted to ¥608 million.」
A decline in the profitability of automobile-related product manufacturing equipment due to changes in the business environment actually occurred, and an impairment loss of ¥608 million was recorded. The company also states that, while EV production in China is increasing, production of vehicles equipped with internal combustion engines is expected to remain sluggish. - FY2024-Q3First statedAnnual report
「Revenue from businesses related to parts for automobile engines, particularly passenger-car engines (passenger-car ICEs), accounts for more than half of total business revenue.」
The Group recognises the contraction of the market for vehicles equipped with internal combustion engines due to technological innovation in electric vehicles, autonomous driving and other areas as a risk, and is developing non-ICE businesses as a countermeasure.