Intensifying Competition Driven by Automotive Industry Restructuring and Entry by Companies from Other Industries
First written in FY2020. 2 of 6 entries say "Materialised", first in FY2022-Q2. Latest entry: FY2024.
Tokai Rika moved to the "Worse" side of this theme in 2021, 1 year before the typical company in this theme (2022).
The whole theme swung hardest in 2026: 22 of 41 companies on the "Worse" side.
41 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「In addition to strengthening competitiveness through new product development, our group is working to shorten development and production preparation lead times and improve processes in indirect functions through DX (digital transformation), as well as strengthen competitiveness by reorganising domestic and overseas production systems.」
The company continues to address the risk of intensifying competition through new product development, DX, shorter production preparation lead times, business process improvements and reorganisation of production systems. - FY2023-Q1MaterialisedAnnual report
「(North America) Net sales increased by ¥4,282 million, or 16.2%, year on year to ¥30,633 million, mainly due to the impact of foreign currency translation resulting from the weaker yen. The operating loss was ¥326 million due to intensifying competition and other factors.」
In North America, net sales increased, while intensifying competition contributed to the ¥326 million operating loss in the first quarter. - FY2022WorsenedAnnual report
「(North America) Net sales increased by ¥9,894 million, or 11.0%, year on year to ¥99,791 million, mainly due to the impact of foreign currency translation resulting from the weaker yen. The operating loss was ¥3,748 million due to intensifying competition and other factors.」
In North America, net sales increased, while the operating loss reached ¥3,748 million due to intensifying competition, demonstrating the impact of the competitive environment on full-year results. - FY2022-Q3WorsenedAnnual report
「(North America) Net sales increased by ¥9,640 million, or 15.2%, year on year to ¥72,857 million, mainly due to the impact of foreign currency translation resulting from the weaker yen. The operating loss widened by ¥2,477 million year on year to ¥2,845 million due to intensifying competition.」
In North America, net sales increased, but the operating loss reached ¥2,845 million due to intensifying competition, a ¥2,477 million year-on-year widening of the loss. The impact of intensifying competition on results has become more pronounced. - FY2022-Q2MaterialisedAnnual report
「The operating loss widened by ¥1,140 million year on year to ¥1,493 million, due to intensifying competition.」
Intensifying competition has materialised in the North America segment as an operating loss of ¥1,493 million and a ¥1,140 million year-on-year widening of the loss. - FY2020First statedAnnual report
「Competition is intensifying due to consolidation in the automotive industry and new entrants from other industries into our group’s business areas as a result of automation and electrification. In addition to further improving production efficiency and strengthening competitiveness through new product development, our group is pursuing collaboration within the Toyota Group aimed at mutual complementation.」
The company has identified intensifying competition from industry consolidation and entry by companies from other industries amid automation and electrification as a new standalone risk, with production efficiency improvements, new product development and collaboration within the Toyota Group as countermeasures.