Shift to high-value-added automotive communication equipment
First written in FY2017-Q1. 9 of 31 entries say "Restated". Latest entry: FY2027-H1.
0 other companies' latest entry also says "Other".
- FY2027-H1Antenna sales increased on the weaker yen and earlier production, although demand was soft in some regionsAnnual report
「Sales of antennas for automakers, including the company’s mainstay shark-fin and GPS antennas, increased year on year despite soft demand in some regions, owing to higher overseas sales resulting from the weaker yen and increased orders resulting from earlier production.」
Automotive antenna sales exceeded the prior-year period on the weaker yen and earlier production, despite softer demand in some regions. - FY2026AdvancedAnnual report
「In the VCCS segment, we worked to establish stable profitability and expand the business by promoting fixed-cost structural reform through optimization of production bases, expanding sales in new application areas, including entry into new growth markets such as India and the start of mass production of ADAS products.」
VCCS began mass production of ADAS products and defined specific initiatives for entering markets such as India and expanding sales in new application areas. - FY2026-H1Automotive antenna sales declined due to the stronger yen and US tariff policyAnnual report
「Sales of antennas for automakers, including the mainstay shark-fin and GPS antennas, declined year on year due to lower overseas revenue resulting from the yen's appreciation.」
VCCS automotive antenna sales fell below the same period of the previous year due to lower overseas revenue resulting from the stronger yen and other factors. - FY2025Antenna sales declined due to weakness in the Chinese market and customer production adjustmentsAnnual report
「Sales of antennas for automakers, including the mainstay shark-fin and GPS antennas, declined from the previous period, despite an increase in sales in Japan, due to weak sales by Japanese automakers in the Chinese market and the effects of production adjustments by some customers.」
While VCCS indicated a policy of expanding higher-value-added products and new application areas, full-year sales of mainstay antennas remained below the previous period due to weakness in the Chinese market and customer production adjustments. - FY2025-H1Antenna sales declined slightly due to weakness in the Chinese market and customer production adjustmentsAnnual report
「Sales of antennas for automakers, including the mainstay shark-fin and GPS antennas, declined slightly year on year due to weak sales by Japanese automakers in the Chinese market and the effects of production adjustments by some customers.」
Automotive antenna sales declined slightly year on year due to weakness in the Chinese market and customer production adjustments. Meanwhile, revenue for the VCCS segment as a whole increased due to the effect of the weaker yen and other factors. - FY2024RaisedAnnual report
「1. Continued improvement in the earnings structure through a thorough overhaul of the cost structure based on standardization and commonality 2. Expanding sales in new fields through entry into new application areas with new products accompanying the shift to EVs, SDVs and ADAS」
The target of making in-vehicle communications equipment higher value-added and expanding the business has been defined more specifically, including entry with new products into new application areas associated with EVs, SDVs and ADAS. - FY2024-Q2Overseas antenna sales increased on the recovery in automobile production and the weaker yenAnnual report
「Overseas sales of antennas for automakers, including the mainstay shark-fin and GPS antennas, increased year on year due to higher automaker production and the effect of the weaker yen.」
Overseas sales increased year on year due to higher automaker production and the effect of the weaker yen. No specific progress was disclosed regarding the shift to higher-value-added products itself. - FY2023-Q3Regional sales trends diverged, with overseas sales increasingAnnual report
「By region, unit sales in the Chinese market declined year on year and sales in the Japanese domestic market remained flat, while sales in the US and ASEAN markets increased. Against this backdrop, overseas sales of antennas for automakers, including the mainstay shark-fin and GPS antennas, increased due to the weaker yen and other factors.」
Overseas sales of automotive antennas increased due to the weaker yen and other factors, while sales to China declined and sales in Japan remained flat. - FY2023-Q2Overseas antenna sales increased due to the recovery in automobile production and other factorsAnnual report
「Against this backdrop, overseas sales of antennas for automakers, including the mainstay shark-fin and GPS antennas, increased due to the weaker yen and the recovery in automobile production in the second quarter.」
The disclosure states that overseas sales increased, but does not specifically indicate progress in the shift to higher-value-added products itself or changes in the product mix. - FY2023-Q1WorsenedAnnual report
「As a result, revenue in this segment was essentially flat year on year at ¥10,281 million, up 1.0% from the same period of the previous year. Segment profit and loss was a loss of ¥1,201 million, compared with profit of ¥1 million in the same period of the previous year, due to continued higher logistics costs, including soaring ocean freight rates; higher labor and other costs at the production bases in China and Vietnam resulting from the appreciation of local currencies; higher costs due to rising raw material prices; and a substantial increase in deductions for unrealized profits due to the increase in inventory valuations resulting from the weaker yen.」
Revenue from in-vehicle communications equipment increased only 1.0% year on year, while segment profit and loss turned from the ¥1 million profit in the same period of the previous year into a ¥1,201 million loss due to the burden of logistics, labor and raw material costs and inventory valuation. - FY2022Full-year revenue increased, but profitability deteriorated due to production adjustments and higher logistics costsAnnual report
「As a result, revenue in this segment increased to ¥40,081 million, up 7.5% from the previous period. Segment profit and loss was a loss of ¥1,443 million, compared with profit of ¥433 million in the previous period, due to higher logistics costs, including soaring ocean freight rates; higher labor and other costs at the production bases in China and Vietnam resulting from the appreciation of local currencies; higher costs due to rising raw material prices; and the costs of maintaining production capacity in preparation for automakers' catch-up production.」
While full-year revenue from in-vehicle communications equipment increased 7.5%, segment profit and loss turned from a profit into a loss of ¥1,443 million due to higher logistics, labor, raw material and production-capacity maintenance costs. - FY2022-Q3Lower orders continued from the second quarter onward, but cumulative revenue exceeded the same period of the previous yearAnnual report
「Domestic and overseas sales of antennas for automakers, including the mainstay shark-fin and GPS antennas, as well as sales of products primarily intended for the domestic market, such as ETC antennas, were affected by lower orders accompanying reduced automobile production from the second quarter onward, but exceeded the same period of the previous year due to a rebound in the first quarter.」
Lower orders accompanying reduced automobile production continued from the second quarter onward, but sales for the first three quarters exceeded the same period of the previous year due to a rebound in the first quarter. - FY2022-Q2Despite lower second-quarter orders due to reduced automobile production, cumulative first-half orders exceeded the previous yearAnnual report
「Against this backdrop, domestic and overseas sales of antennas for automakers, including the mainstay shark-fin and GPS antennas, as well as sales of products primarily intended for the domestic market, such as ETC antennas, declined due to lower orders accompanying reduced automobile production in the second quarter, but exceeded the same period of the previous year due to a rebound in the first quarter.」
Sales declined in the second quarter due to reduced automobile production, but cumulative first-half sales exceeded the same period of the previous year due to a rebound in the first quarter. - FY2022-Q1Antennas for automobiles and other products saw a rebound in salesAnnual report
「Against this backdrop, domestic and overseas sales of antennas for automakers, including the mainstay shark-fin and GPS antennas, as well as sales of products primarily intended for the domestic market, such as ETC antennas, rose substantially above the same period of the previous year on a rebound in demand.」
Sales of mainstay antennas and ETC antennas substantially exceeded the same period of the previous year, rebounding from the low level caused by the spread of COVID-19 during the same period of the previous year. No specific progress was disclosed regarding the shift to higher-value-added products itself. - FY2021Second-half recovery but full-year revenue declineAnnual report
「Against this backdrop, domestic and overseas sales of antennas for automakers, including the mainstay shark-fin and GPS antennas, as well as sales of products primarily intended for the domestic market, such as ETC antennas, exceeded the previous period's levels from the second quarter onward due to automakers' catch-up production. However, they did not fully offset the decline in first-quarter sales and remained below the previous period.」
Sales exceeded the previous period's levels from the second quarter onward due to automakers' catch-up production, but this was insufficient to offset the decline in first-quarter revenue, resulting in full-year revenue from in-vehicle communications equipment declining 5.0% from the previous period. - FY2021-Q3Catch-up production pushed sales above the previous year from the second quarter onward, but cumulative revenue still declined.Annual report
「Under these circumstances, sales of antennas for automakers, including the core shark-fin and GPS antennas, both domestically and overseas, and sales of products primarily intended for the domestic market, including ETC antennas, exceeded the same period of the previous year from the second quarter onward due to automakers' catch-up production. However, this was insufficient to cover the decline in first-quarter revenue, and sales remained below the same period of the previous year.」
Sales improved to levels above the same period of the previous year from the second quarter onward, driven by automakers' catch-up production, but this was insufficient to offset the decline in revenue in the first quarter, and cumulative sales for the first three quarters remained below the same period of the previous year. - FY2021-Q2Second-quarter sales recovered to around the previous year's level, but first-half sales fell below the previous year.Annual report
「Under these circumstances, sales of antennas for automakers, including the core shark-fin and GPS antennas, both domestically and overseas, and sales of products primarily intended for the domestic market, including ETC antennas, recovered to around the same level as the previous year in the second quarter due to automakers' catch-up production. However, this was insufficient to cover the decline in first-quarter revenue, and sales remained below the same period of the previous year.」
Although sales recovered to around the previous year's level in the second quarter due to automakers' catch-up production, they did not offset the first-quarter revenue decline, leaving cumulative first-half sales below the same period of the previous year. - FY2021-Q1Sales of automotive antennas and domestic-market products fell substantially.Annual report
「Under these circumstances, sales of antennas for automakers, including the core shark-fin and GPS antennas, both domestically and overseas, and sales of products primarily intended for the domestic market, including ETC antennas, were all substantially below the same period of the previous year. As a result, segment revenue fell substantially year on year to ¥5,367 million, down 45.6%.」
The disclosure describes lower sales of core antennas and other products as an impact of sluggish automotive demand caused by COVID-19, rather than progress toward the policy of shifting to high-value-added products. - FY2020RestatedAnnual report
「Going forward, we will work to develop more advanced, high-value-added strategic products in new fields such as ADAS, autonomous driving and connected cars, while establishing a stronger presence in mobility services such as MaaS and continuing to pursue further business expansion and “layering.”」
The company states that it will continue to promote high-value-added strategic products, new fields, mobility services such as MaaS, and the layering of markets and customers. - FY2020-Q3Overseas core antennas and domestic ETC antennas exceeded the previous year, while domestic-market growth slowed.Annual report
「Sales of antennas for automakers, including the core shark-fin and GPS antennas, exceeded the same period of the previous year, driven mainly by overseas sales. Sales of products primarily intended for the domestic market, including ETC antennas, also exceeded the same period of the previous year, although their growth rate slowed due to a decline in new-vehicle sales.」
Core antennas exceeded the same period of the previous year, led by overseas sales, and ETC antennas and other products also exceeded it, although the growth rate of domestic-market products slowed. - FY2020-Q2RestatedAnnual report
「Sales of antennas for automakers, including the core shark-fin and GPS antennas, grew both domestically and overseas, exceeding the same period of the previous year. Sales of products primarily intended for the domestic market, including ETC antennas, also exceeded the same period of the previous year due to the acquisition of new orders.」
In addition to core antennas, domestic-market products such as ETC antennas exceeded the same period of the previous year due to the acquisition of new orders. There has been no material change in direction from the previous quarter. - FY2020-Q1Core antennas and ETC antennas exceeded the same period of the previous year.Annual report
「Sales of antennas for automakers, including the core shark-fin and GPS antennas, grew both domestically and overseas, exceeding the same period of the previous year. Sales of products primarily intended for the domestic market, including ETC antennas, also exceeded the same period of the previous year due to the acquisition of new orders.」
In addition to core antennas, domestic-market products such as ETC antennas exceeded the same period of the previous year due to the acquisition of new orders. Progress in the shift toward high-value-added products itself was not explicitly stated, so this is recorded as a change in results. - FY2019-Q2RestatedAnnual report
「Sales of antennas for automakers, including the core shark-fin and GPS antennas, grew both domestically and overseas, exceeding the same period of the previous year. Sales of products primarily intended for the domestic market, including film antennas, fell below the same period of the previous year as new-vehicle sales remained sluggish.」
The company has reiterated that core antennas for automakers exceeded the same period of the previous year, while domestic film antennas and other products fell below it. - FY2019-Q1Core antennas grew, while film antennas declined.Annual report
「Sales of antennas for automakers, including the core shark-fin and GPS antennas, grew both domestically and overseas, exceeding the same period of the previous year. Sales of products primarily intended for the domestic market, including film antennas, fell below the same period of the previous year due to a decline in new-vehicle sales.」
Core antennas for automakers exceeded the same period of the previous year, while domestic film antennas and other products fell below the same period of the previous year due to a decline in new-vehicle sales, according to the disclosure. - FY2018RestatedAnnual report
「Going forward, we will continue to accelerate the development and launch of more advanced, high-value-added strategic products in new fields such as autonomous driving and 5G, while pursuing further business expansion and “layering” through business expansion and efforts to acquire new customers in the Chinese, ASEAN and European markets.」
The company has reiterated its shift toward high-value-added products and the layering of markets and customers, linking these initiatives to autonomous driving, 5G and the acquisition of new customers. - FY2018-Q3RestatedAnnual report
「・Shift by the automotive communications equipment segment toward high-value-added products」
The company has reiterated the direction for upgrading the business mix of the automotive communications equipment business. - FY2018-Q2RestatedAnnual report
「・Shift by the automotive communications equipment segment toward high-value-added products」
The company has reiterated the direction for upgrading the business mix of the automotive communications equipment business. - FY2018-Q1RestatedAnnual report
「・Shift by the automotive communications equipment segment toward high-value-added products」
The company has reiterated the direction for upgrading the business mix of the automotive communications equipment business. - FY2017-Q3RestatedAnnual report
「Shift by the automotive communications equipment segment toward high-value-added products」
The company has reiterated its shift toward high-value-added products as part of efforts to upgrade the business mix of automotive communications equipment. - FY2017-Q2RestatedAnnual report
「Shift by the automotive communications equipment segment toward high-value-added products」
The same initiative is presented again as a measure to upgrade the business mix. - FY2017-Q1First statedAnnual report
「Shift by the automotive communications equipment segment toward high-value-added products」
This is presented as a specific direction for upgrading the business mix of the automotive communications equipment business.