Uncertainty over the continuation of domestic production of automotive transmission components
First written in FY2018-Q1. 5 of 7 entries say "Restated". Latest entry: FY2022-Q3.
The whole theme swung hardest in 2020: 7 of 9 companies on the "Worse" side.
2 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「In the automotive-related industry, shortages of automotive parts caused by the spread of COVID-19 and soaring raw-material prices have continued, and conditions remained uncertain.」
The Company continues to state that uncertainty remains in the production environment owing to shortages of automotive components and soaring raw material prices. - FY2022-Q1RestatedAnnual report
「In the automotive-related industry, signs of a market recovery, centered on China, had begun to emerge, but conditions remained uncertain due to declining production volumes caused by the global semiconductor shortage and soaring raw-material prices.」
While noting signs of a recovery in markets centered on China, the Company continues to cite uncertainty surrounding automotive component production, including production declines caused by semiconductor shortages. - FY2021-Q2RestatedAnnual report
「In the automotive-related industry, the impact of COVID-19 has not yet been fully dispelled. Although the Chinese market shows signs of recovery, new-vehicle sales continue to decline in Japan, North America, Europe, and other markets.」
While the Chinese market shows signs of recovery, new-vehicle sales continue to decline in Japan, North America, and Europe, and uncertainty in the automotive-related market persists. - FY2021-Q1WorsenedAnnual report
「In the automotive-related industry, the market as a whole slowed sharply owing to the slowdown in the Chinese market and the impact of US-China trade friction, as well as the spread of COVID-19, which led some automakers to adjust production by suspending operations.」
Production shutdowns and production adjustments by automakers reduced orders for automotive components, resulting in a 42.0% year-on-year decline in net sales in the metal forgings and castings business. - FY2019-Q1RestatedAnnual report
「In this business, uncertainty remains regarding the long-term sustainability of domestic production. Nevertheless, automobile-related, construction-related and agricultural-related businesses remained solid, centered on production of our mainstay automotive transmission components.」
Regarding automotive transmission components, the Company continues to state that related businesses are performing steadily while uncertainty remains over the continuation of domestic production over the long term. - FY2018-Q2RestatedAnnual report
「In this business, global production of our core automotive transmission components has remained steady, although uncertainty remains over the continuation of domestic production.」
Regarding automotive transmission components, the Company continues to state that global production is steady while uncertainty remains over the continuation of domestic production. - FY2018-Q1First statedAnnual report
「Global production of our core automotive transmission components has remained steady, but uncertainty over the continuation of domestic production persists.」
The Company identified for the first time, as a business risk, the continuing uncertainty over domestic production despite steady global production.