Sluggish Sales in Emerging-Market and Domestic Kei Car Markets
First written in FY2017-Q1. 5 of 10 entries say "Reframed", first in FY2017. Latest entry: FY2026.
Taiho Kogyo moved to the "Worse" side of this theme in 2018.
0 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「Although supply constraints, including the semiconductor shortage, eased, demand trends in major markets generally lacked strength and the competitive environment became increasingly severe.」
The description has changed from one centred on supply constraints to one identifying weak demand, intensified competition and changes in the competitive environment associated with electrification and automation as sources of uncertainty even after supply constraints eased. - FY2024ReframedAnnual report
「In the automotive industry, business conditions have improved as supply constraints, including the semiconductor shortage, have eased and automobile production has recovered. However, uncertainty remains due to cost increases caused by persistently high raw-material and energy prices and higher labour costs, sharp exchange-rate fluctuations, and the outlook for automobile production volumes.」
The description has changed from weak sales in emerging markets and the mini-vehicle market to one that acknowledges easing supply constraints and a recovery in automobile production while identifying higher costs, exchange-rate volatility and the outlook for production volumes as sources of uncertainty. - FY2019WorsenedAnnual report
「In the automotive industry, the European, U.S., Chinese and Asian markets all grew solidly on the strength of the SUV market, although signs of a slowdown in the Chinese market emerged in the second half of the fiscal year.」
The disclosure describes growth in the European, U.S., Chinese and Asian markets, while explicitly noting signs of a slowdown in China in the second half of the fiscal year, making the factors behind worsening market risk more specific. - FY2018ReframedAnnual report
「In the automotive industry, although sales volumes declined in the United States, they increased in major markets such as Europe and China, and remained solid globally.」
The market-by-market description has changed to state that, while the decline in U.S. sales continued, sales globally remained solid due to increases in Europe and China. - FY2018-Q2ReframedAnnual report
「In overseas automotive markets, demand, particularly for trucks, remained high in China as a result of tax cuts and overloading regulations. In the United States, medium-duty truck sales were recovering, but a substantial decline in passenger-car sales resulted in a year-on-year decrease. In Japan, sales remained solid, supported by increased production of mini passenger vehicles.」
While strength in the Chinese and domestic markets was noted, U.S. sales declined year on year due to the drop in passenger-car sales, making the differences among markets more explicit. - FY2018-Q1MitigatedAnnual report
「In the overseas automotive market, sales volumes increased in China as a result of tax cuts and overloading regulations, and remained solid in the United States. In Japan, passenger-car sales recovered, resulting in a year-on-year increase.」
The disclosure notes higher sales in China, solid sales in the United States, and a recovery and year-on-year increase in domestic passenger-car sales. It does not mention the weakening in U.S. sales or below-year-ago sales in some emerging markets noted in the previous year. - FY2017ReframedAnnual report
「In the overseas automotive market, sales volumes increased in China as a result of tax cuts and overloading regulations, while sales in the United States, which had been solid, showed signs of weakening, and sales in some emerging markets remained below the previous year. In Japan, mini-vehicle sales were still affected by the consumption tax increase during the first half, but passenger-car sales recovered in the second half, resulting in a year-on-year increase for the full year.」
China's sales increase, weakening U.S. sales and below-year-ago sales in some emerging markets coexisted, while passenger-car sales in Japan recovered in the second half, resulting in a year-on-year increase for the full year. - FY2017-Q3WorsenedAnnual report
「In the automotive industry, sales volumes increased in China as a result of the government's tax-cut policy. In Japan, sales declined due to lower mini-vehicle sales, while in the United States, previously solid sales showed signs of weakening. In Russia, Brazil and other markets, sales remained below the previous year.」
The decline in domestic mini-vehicle sales and below-year-ago sales in Russia, Brazil and other markets continued, while the disclosure noted signs of weakening even in U.S. sales, which had previously been described as strong. - FY2017-Q2SoftenedAnnual report
「In the automotive industry, sales remained solid in the United States and Europe against a backdrop of lower crude oil prices, while sales volumes increased in China as a result of the government's tax-cut policy. Although sales in some emerging markets were below the previous year, sales overall exceeded the previous year.」
Sales in some emerging markets remain below the previous year, but there is no mention of a decline in domestic mini-vehicle sales, and the industry overall exceeded the previous year. - FY2017-Q1First statedAnnual report
「In the automotive industry, sales in China and Europe continued to exceed the previous year, while sales in the United States remained strong. In some emerging markets, however, sales remained below the previous year. In Japan, sales of mini-vehicles continued to decline year on year, leaving the situation uncertain.」
Sales trends differed by region, with below-year-ago sales and declines noted in some emerging markets and in Japan's mini-vehicle market.