Declining Demand for Existing Products as the Industry Moves Away from Engines and Toward EVs
First written in FY2016. 13 of 16 entries say "Restated". Latest entry: 2026-10-05.
The whole theme swung hardest in 2017: 1 of 6 companies on the "Worse" side.
2 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「The group, looking ahead to major medium- to long-term transformations in industrial structures, including decarbonization and the transition to EVs,...」
The group continues to view major medium- to long-term transformations in industrial structures, including decarbonization and the transition to EVs, as important changes in its business environment. - FY2024-Q1RestatedAnnual report
「The group, looking ahead to major medium- to long-term transformations in industrial structures, including decarbonization and the transition to EVs,...」
The group continues to view major medium- to long-term transformations in industrial structures, including decarbonization and the transition to EVs, as important changes in its business environment. - FY2023RestatedAnnual report
「The business environment surrounding the group is changing significantly as the automotive sector, one of its main business areas, accelerates initiatives toward the full-scale transition to EVs and business restructuring in pursuit of carbon neutrality.」
The group continues to position decarbonization, the full-scale transition to EVs and restructuring of the automotive business as important changes in industrial structures. - FY2023-Q3RestatedAnnual report
「The group, looking ahead to major medium- to long-term transformations in industrial structures, including decarbonization and the transition to EVs,...」
The group continues to view major medium- to long-term transformations in industrial structures, including decarbonization and the transition to EVs, as important changes in its business environment. - FY2023-Q2RestatedAnnual report
「The group, looking ahead to major medium- to long-term transformations in industrial structures, including decarbonization and the transition to EVs,...」
The group continues to view major medium- to long-term transformations in industrial structures, including decarbonization and the transition to EVs, as important changes in its business environment. - FY2023-Q1RestatedAnnual report
「The group, looking ahead to major medium- to long-term transformations in industrial structures, including decarbonization and the transition to EVs,...」
The group continues to view major medium- to long-term transformations in industrial structures, including decarbonization and the transition to EVs, as important changes in its business environment. - FY2022-Q3RestatedAnnual report
「The group, looking ahead to major medium- to long-term transformations in industrial structures, including decarbonization and the transition to EVs,...」
The group continues to view major medium- to long-term transformations in industrial structures, including decarbonization and the transition to EVs, as important changes in its business environment. - FY2022-Q2RestatedAnnual report
「The group, looking ahead to major medium- to long-term transformations in industrial structures, including decarbonization and the transition to EVs,...」
The group continues to view major medium- to long-term transformations in industrial structures, including decarbonization and the transition to EVs, as important changes in its business environment. - FY2022-Q1RestatedAnnual report
「Against this backdrop, looking ahead to major medium- to long-term transformations in industrial structures, including decarbonization and the transition to EVs, the group...」
The group continues to view major transformations in industrial structures, including decarbonization and the transition to EVs, as important changes in its business environment. - FY2021Acceleration of the transition to a decarbonized society and business restructuring addedAnnual report
「Meanwhile, toward achieving a decarbonized society, the automotive sector, one of the group's main business areas, is seeing accelerated initiatives toward the full-scale transition to EVs and business restructuring. The business environment surrounding the group is also changing significantly due to the advancement of DX in manufacturing and efforts to address social and environmental issues, including the SDGs.」
In addition to the existing transition to EVs and autonomous driving, the company explicitly identifies accelerated business restructuring toward a decarbonized society as a structural change. - FY2019Autonomous driving added as a demand and performance factorAnnual report
「The business environment surrounding the company is also changing significantly, including the accelerating transition to EVs and autonomous driving in the automotive sector, one of its main demand areas, and the advancement of factory automation and IoT in manufacturing.」
In addition to the existing risk of declining demand for existing products due to the transition to EVs, the company explicitly identifies the acceleration of autonomous driving as a structural change in the automotive sector. - FY2018RestatedAnnual report
「Automotive and automotive-related sales account for approximately half of total sales, and demand trends and progress in the transition to EVs may have a significant impact on the group's performance.」
The company continues to explicitly identify the risk that concentration in sales to the automotive-related industries and the transition to EVs may affect performance. - FY2017RestatedAnnual report
「Automotive and automotive-related sales account for approximately half of total sales, and demand trends and progress in the transition to EVs may have a significant impact on the group's performance.」
The company continues to explicitly identify the risk that concentration in automotive-related sales and progress in the transition to EVs may affect performance. - FY2016First statedAnnual report
「As the shift away from engines and the transition to EVs in the automotive sector gain momentum, demand for some existing products is expected to decline over the medium to long term. At the same time, the demand structure surrounding the group is expected to change significantly as global population aging and declining birth rates and the shrinking working-age population increase demand for labor-saving and automation at manufacturing sites.」
This identifies a new external risk: declining demand for some existing products due to the shift away from engines and the transition to EVs.