Slower Growth in North American Vehicle Sales
First written in FY2017-Q2. 17 of 41 entries say "Worsened", first in FY2018-Q2. Latest entry: 2026-10-01.
Sanoh Industrial moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
The whole theme swung hardest in 2019: 36 of 67 companies on the "Worse" side.
10 other companies' latest entry also says "Restated".
- FY2026WorsenedAnnual report
「Profitability deteriorated because of the impact of US tariff measures, unusual expenses related to import issues and higher costs associated with new launches, resulting in an operating loss of ¥327 million, compared with operating profit of ¥1.744 billion in the previous fiscal year.」
Revenue in North and South America increased 0.8%, but the region shifted from operating profit to an operating loss due to tariff measures, costs related to import problems, and start-up costs for new operations. - FY2026-H1MitigatedAnnual report
「Maintained stable sales among Japanese-affiliated customers in North America.」
Although revenue in North and South America declined due to foreign exchange translation differences, sales by Japanese-affiliated customers in North America remained stable, and operating profit increased 36.2% year on year. - FY2025MitigatedAnnual report
「Revenue increased to ¥67.288 billion, up 13.8% from the previous fiscal year, due to strong sales by Japanese-affiliated customers in North America and the foreign exchange translation effect of the weaker yen. In terms of profitability, despite the recording of one-time costs, the effect of passing on higher costs to customers in the previous fiscal year, the easing of inflationary pressures, and improved operating conditions resulting from stable production led to operating profit of ¥1.744 billion, up 1.6% from the previous fiscal year.」
North and South America reported higher revenue, while operating profit also increased 1.6% from the previous fiscal year due to the pass-through of higher costs, the easing of inflationary pressures, and stable production. - FY2025-H1MitigatedAnnual report
「Although one-time costs were recorded, operating profit increased to ¥800 million, up 49.5% year on year, due to the effect of passing on higher costs to customers and improved operating conditions resulting from stable production.」
Although one-time costs were incurred in North and South America, operating profit increased 49.5% year on year through the pass-through of higher costs and stable production, improving from the previous deterioration in profitability. - FY2024MitigatedAnnual report
「In terms of profitability, the effect of passing on higher costs to customers, together with improving operating conditions, led to a significant recovery from last year's operating loss, resulting in operating profit of ¥1.717 billion (operating loss of ¥4.184 billion in the previous fiscal year).」
North and South America turned from an operating loss in the previous fiscal year to operating profit of ¥1.717 billion, driven by the pass-through of higher costs and improved operating conditions. - FY2024-Q3MitigatedAnnual report
「In terms of profitability, the effect of passing on higher costs to customers, together with improving operating conditions, led to a significant recovery from last year's operating loss, resulting in operating profit of ¥726 million (operating loss of ¥3.411 billion in the same period of the previous year).」
North and South America turned from an operating loss of ¥3.411 billion in the same period of the previous year to operating profit of ¥726 million, driven by the pass-through of higher costs and improved operating conditions. - FY2024-Q2MitigatedAnnual report
「In terms of profitability, the effect of passing on higher costs to customers, together with improving operating conditions, led to a significant recovery from last year's operating loss, resulting in operating profit of ¥535 million (operating loss of ¥2.158 billion in the same period of the previous year).」
North and South America turned from an operating loss of ¥2.158 billion in the same period of the previous year to operating profit of ¥535 million, driven by the pass-through of higher costs and improved operating conditions. - FY2023-Q3WorsenedAnnual report
「Operating profit was an operating loss of ¥3,368 million, compared with an operating loss of ¥747 million in the same period of the previous year. This reflected delays in passing on sharp increases in fixed costs, including higher transportation costs, inflation including material costs and higher personnel expenses amid labor shortages, as well as the adverse impact of higher fixed costs associated with production disruptions in North America.」
In North and South America, revenue increased due to the effect of yen depreciation on translation and other factors, while the operating loss widened from ¥747 million to ¥3,368 million due to higher costs, delays in passing them on through prices and production disruptions in North America. - FY2023-Q2WorsenedAnnual report
「Operating profit was an operating loss of ¥2,172 million, compared with operating profit of ¥188 million in the same period of the previous year. The operating deficit carried over from the second half of the previous fiscal year expanded due to delays in passing on sharp cost increases, including higher transportation costs, inflation including material costs and higher personnel expenses amid labor shortages, in addition to the underlying revenue decline.」
In North and South America, underlying revenue declined excluding the effect of yen depreciation on translation, and operating profit deteriorated from a profit in the same period of the previous year to a loss of ¥2,172 million due to higher costs and delays in passing them on through prices. - FY2023-Q1WorsenedAnnual report
「Operating profit was an operating loss of ¥916 million, compared with operating profit of ¥255 million in the same period of the previous year, as the operating deficit carried over from the second half of the previous fiscal year continued due to the underlying revenue decline, disruptions in logistics networks, higher transportation costs, inflation including material costs and higher personnel expenses amid labor shortages.」
In North and South America, underlying revenue declined excluding the effect of yen depreciation on translation, while operating profit changed from a profit to a loss of ¥916 million due to higher logistics and transportation costs, material costs and wages. - FY2022WorsenedAnnual report
「In North and South America, revenue increased 0.4% to ¥3,162.1 million due to the impact of foreign exchange translation, but declined on a local-currency basis as production fell amid the semiconductor shortage and disruption across the supply chain. In addition to the underlying revenue decline, disruptions in logistics networks, higher transportation costs, inflation including material costs and higher personnel expenses amid labor shortages resulted in an operating loss of ¥1,729 million, compared with operating profit of ¥251 million in the previous year.」
In North and South America, revenue increased slightly after translation into yen but declined on a local-currency basis, while operating profit changed from a profit to a loss of ¥1,729 million. - FY2022-Q3WorsenedAnnual report
「Operating profit was an operating loss of ¥747 million, compared with an operating loss of ¥387 million in the same period of the previous year, due to disruptions in logistics networks, higher transportation costs, inflation including material costs, higher personnel expenses amid labor shortages and other factors.」
In North and South America, revenue recovered to growth of 6.8% year on year, but the operating loss widened from ¥387 million to ¥747 million due to disruptions in logistics networks and higher transportation, material and personnel costs. - FY2021MitigatedAnnual report
「Operating profit fell 74.6% to ¥251 million due to the impact of lower sales, but, in addition to the recovery in sales from July 2020, the effects of fixed-cost reduction measures enabled a turnaround from an operating loss in the cumulative third-quarter consolidated period to operating profitability.」
In North and South America, revenue and profit declined for the full fiscal year, but the segment changed from an operating loss for the cumulative third-quarter period to operating profitability for the full fiscal year. - FY2021-Q3MitigatedAnnual report
「In North and South America, revenue fell sharply by 30.4% to ¥2,195.6 million, mainly due to production shutdowns from April to June 2020 following the spread of COVID-19. The decline in revenue resulted in an operating loss of ¥387 million, compared with operating profit of ¥719 million in the same period of the previous year. However, the loss narrowed significantly from the ¥954 million operating loss in the second quarter, as sales recovered from July 2020 and fixed-cost reduction measures took effect.」
In North and South America, revenue and profit declined year on year and the operating loss continued, but the loss narrowed from ¥954 million in the second quarter to ¥387 million for the cumulative third-quarter period. The recovery in sales and the effects of fixed-cost reduction measures are evident. - FY2021-Q2WorsenedAnnual report
「In North and South America, revenue fell sharply by 43.5% to ¥1,254.8 million due to production shutdowns resulting from the impact of COVID-19. In addition, higher material costs associated with lower sales and exchange-rate fluctuations resulted in an operating loss of ¥954 million, compared with operating profit of ¥56.8 million in the same period of the previous year.」
In North and South America, revenue fell 43.5% due to production shutdowns, while higher material costs and other factors caused operating profit to change from a profit to a loss of ¥954 million. - FY2021-Q1WorsenedAnnual report
「In North and South America, revenue fell 14.8% to ¥953.0 million due to a temporary production shutdown resulting from the impact of COVID-19, resulting in lower revenue. Operating profit fell 23.9% to ¥28.1 million due to lower sales and deterioration in the material cost ratio associated with exchange-rate fluctuations.」
In North and South America, revenue and profit declined due to a temporary production shutdown caused by the pandemic, lower sales and deterioration in the material cost ratio associated with exchange-rate fluctuations. - FY2020-Q3WorsenedAnnual report
「Revenue and profit declined, as the Mexican plant and other operations were affected by deteriorating local economic conditions, while raw material costs increased due to higher import costs and exchange-rate fluctuations.」
In North and South America, revenue fell 3.2% year on year and operating profit fell 41.1%, reflecting the impact of deteriorating economic conditions in Mexico, higher import costs and higher raw material costs associated with exchange-rate fluctuations. - FY2020-Q2WorsenedAnnual report
「In North and South America, revenue was ¥2,222.3 million, up 1.1% year on year, while operating profit fell 49.8% to ¥56.8 million. Profit declined due to higher import costs, material costs associated with exchange-rate fluctuations, personnel expenses and other factors.」
In North and South America, revenue growth was limited, while operating profit fell 49.8%, with higher import costs, material costs associated with exchange-rate fluctuations and personnel expenses weighing on profit. - FY2020-Q1SoftenedAnnual report
「In North and South America, revenue was ¥1,118.0 million, up 3.4% year on year and broadly in line with the same period of the previous year, while operating profit fell 37.9% to ¥36.9 million due to higher personnel expenses associated with wage increases to secure employees and other factors.」
In North and South America, revenue turned from a decline in the same period of the previous year to growth of 3.4%, while operating profit fell 37.9% due to wage increases to secure employees and other factors. - FY2019WorsenedAnnual report
「Revenue fell 3.4% to ¥4,357.6 million and operating profit fell 42.8% to ¥149.3 million, mainly due to lower revenue at the Mexican subsidiary following a decline in vehicle sales volumes in Mexico.」
In North and South America, lower revenue and profit resulting from the decline in vehicle sales volumes in Mexico continued for the full fiscal year, with operating profit falling 42.8%. - FY2019-Q3WorsenedAnnual report
「Revenue fell 3.9% to ¥3,261.1 million and operating profit fell 37.2% to ¥122.0 million, mainly due to lower revenue at the Mexican subsidiary following a decline in vehicle sales volumes in Mexico.」
In North and South America, revenue fell 3.9% and operating profit fell 37.2% as vehicle sales volumes in Mexico declined, with profit deterioration continuing. - FY2019-Q2WorsenedAnnual report
「Revenue fell 5.2% to ¥2,198.9 million and operating profit fell 30.0% to ¥113.0 million, mainly due to lower revenue at the Mexican subsidiary and higher material costs.」
In North and South America, revenue fell 5.2% and operating profit fell 30.0% due to lower revenue at the Mexican subsidiary and other factors, indicating further deterioration in performance. - FY2019-Q1WorsenedAnnual report
「Revenue fell 10.2% to ¥1,081.3 million and operating profit fell 44.7% to ¥59.4 million, as a result of lower revenue at the U.S. and Mexican subsidiaries.」
In North and South America, revenue fell 10.2% and operating profit fell 44.7% due to lower revenue at the U.S. and Mexican subsidiaries, deepening the profit decline seen through the previous quarter. - FY2018-Q3RestatedAnnual report
「Higher production and sales volumes at the Brazilian subsidiary contributed to revenue of ¥3,394.8 million, up 1.5% year on year. Operating profit, however, fell 34.4% to ¥194.4 million, as material costs increased due to higher material prices at the U.S. and Mexican subsidiaries, while fixed costs including personnel expenses also increased at the U.S. subsidiary.」
In North and South America, revenue increased on higher production and sales volumes in Brazil, but operating profit continued to decline and costs continued to rise amid concerns over slowing growth in North American vehicle sales. - FY2018-Q2WorsenedAnnual report
「Although growth in vehicle sales volumes in North America showed signs of slowing, higher production and sales volumes at customers resulted in revenue of ¥2,317.8 million, up 2.0% year on year. Operating profit, however, fell 34.7% to ¥161.6 million, as scrap and transportation costs, as well as fixed costs including personnel expenses, increased at the U.S. subsidiary.」
Amid continued concerns over slowing growth in North American vehicle sales, revenue growth was limited to 2.0%, while operating profit fell 34.7% due to higher scrap, transportation and fixed costs. - FY2018-Q1RestatedAnnual report
「Revenue increased 1.9% year on year to ¥1,204.5 million, mainly as a result of higher sales at the U.S. subsidiary. Operating profit, however, fell 25.6% to ¥107.4 million, as variable costs and personnel expenses at the U.S. subsidiary increased by more than the increase in sales.」
In North and South America, revenue increased but growth was limited to 1.9%, while operating profit declined as variable costs and personnel expenses increased. - FY2017RestatedAnnual report
「Although growth in vehicle sales volumes in North America showed signs of slowing, higher production and sales volumes at customers resulted in operating profit of ¥398.5 million, up 19.3% year on year.」
The Company continued to report concerns over slowing growth in North American vehicle sales, while operating profit in North and South America increased as a result of higher customer production and sales volumes. - FY2017-Q3RestatedAnnual report
「Although growth in vehicle sales volumes in North and South America showed signs of slowing, higher production and sales volumes at customers resulted in revenue of ¥3,344.7 million, down 1.6% year on year. Operating profit increased 41.9% to ¥296.1 million, as higher production and sales volumes at customers offset the signs of slowing growth in North American vehicle sales volumes.」
While concerns over slowing growth in North American vehicle sales continued, operating profit in North and South America increased as a result of higher customer production and sales volumes. - FY2017-Q2First statedAnnual report
「Although growth in vehicle sales volumes in North America showed signs of slowing, higher production and sales volumes at customers resulted in higher revenue and operating profit, with revenue of ¥2,273.3 million, up 5.0% year on year, and operating profit of ¥247.5 million, up 113.4%.」
Although growth in overall North American vehicle sales volumes showed signs of slowing, the increase in customers' production and sales volumes resulted in higher revenue and operating profit in the quarter.