Impact of Semiconductor Shortages on New- and Used-Vehicle Sales
First written in FY2021. 4 of 11 entries say "Worsened", first in FY2022-Q2. Latest entry: FY2025.
Seiko moved to the "Worse" side of this theme in 2021.
4 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「In the automotive sector, production recovery progressed as semiconductor supply constraints eased. However, the business environment remained uncertain due to factors including the shift toward EVs, the rebuilding of supply systems, and external factors such as foreign exchange movements and supply-demand fluctuations in overseas markets.」
The company reported that semiconductor supply constraints had eased and production had recovered, partially mitigating the previous supply-constraint risk. However, uncertainty remains over the shift toward EVs and the rebuilding of supply systems. - FY2024-Q2MitigatedAnnual report
「In the core factory automation-related business, delivery-schedule problems for equipment improved substantially, and equipment projects for manufacturers remained solid, resulting in performance substantially above that of the prior-year period.」
The company stated that delivery-schedule problems for equipment associated with the semiconductor shortage and other factors had improved substantially. In the vehicle-related business, supply of some vehicle models also appeared to be gradually recovering. - FY2023MaterialisedAnnual report
「Automotive parts were also affected by the semiconductor shortage, and results fell below those of the previous consolidated fiscal year.」
The semiconductor shortage affected annual results through lower automotive parts performance and contributed to declines in revenue and profit in the cold forging business. - FY2023-Q3RestatedAnnual report
「The electrical equipment business was significantly affected by the global semiconductor shortage, manufacturers' delivery delays and price increases.」
Manufacturers' delivery delays resulting from the global semiconductor shortage have continued. The vehicle-related business has also reported the impact of manufacturers' production delays. - FY2023-Q2RestatedAnnual report
「The vehicle-related business was affected by manufacturers' production delays resulting from the global semiconductor shortage.」
Manufacturers' production delays resulting from the global semiconductor shortage have continued. Although revenue in the vehicle-related business exceeded the prior-year period due to higher sales of new models, the impact of supply constraints remains. - FY2023-Q1WorsenedAnnual report
「The vehicle-related business was affected by manufacturers' production delays resulting from the global semiconductor shortage and by production stoppages caused by engine defects. New vehicle sales fell below the prior-year period. Used vehicle sales also fell below the prior-year period because the decline in new vehicle sales reduced the number of trade-in vehicles received.」
The semiconductor shortage affected new vehicle sales through manufacturers' production delays and stoppages, while the decline in new vehicle sales also led to fewer used trade-in vehicles being received. - FY2022WorsenedAnnual report
「The vehicle-related business was affected by manufacturers' production stoppages resulting from the global semiconductor shortage, while used vehicle sales fell below the results for the previous consolidated fiscal year because trade-in vehicles were received later.」
The impact of the semiconductor shortage continued in the form of vehicle manufacturers' production stoppages and delays in receiving used trade-in vehicles. Delays in equipment delivery schedules were also reported in the electrical equipment business, indicating that the impact had broadened. - FY2022-Q3WorsenedAnnual report
「Although the vehicle-related business was affected by manufacturers' production stoppages resulting from the global semiconductor shortage, sales of the new models launched at the end of last year remained solid, and visitor numbers increased from the prior-year period. As a result, sales of registered vehicles exceeded the results for the prior-year period.」
The global semiconductor shortage continued to have an actual impact on the vehicle-related business through manufacturers' production stoppages. Meanwhile, sales in the business exceeded the prior-year period due to increased sales of new models and higher visitor numbers. The electrical equipment business also reported delays in manufacturers' delivery schedules. - FY2022-Q2WorsenedAnnual report
「The electrical equipment business was significantly affected by stagnant production at electrical equipment manufacturers as a result of the global semiconductor shortage and production delays at component manufacturers caused by COVID-19. Concern has been expressed about the impact on future sales.」
The impact of the semiconductor shortage expanded beyond new and used vehicle sales to the electrical equipment business, with delays in component manufacturers' production and concern over the impact on future sales explicitly stated. - FY2022-Q1MaterialisedAnnual report
「Although some operations continued to be affected by the semiconductor shortage during the current consolidated fiscal year, visitor numbers increased, as did sales of registered vehicles and kei vehicles.」
Although the impact of the semiconductor shortage continued in some areas, vehicle-related business sales exceeded the prior-year period. - FY2021First statedAnnual report
「However, as the company was affected by COVID-19 in the first quarter and by the semiconductor shortage in the fourth quarter, sales of both new and used vehicles fell substantially below the results for the previous consolidated fiscal year.」
The semiconductor shortage emerged in the fourth quarter, and its actual impact was disclosed for the first time as sales of new and used vehicles falling below the previous year's results.