Risk of the Shift Toward Hybrid and Electric Vehicles
First written in FY2016. 22 of 31 entries say "Restated". Latest entry: FY2027-H1.
Kanemitsu moved to the "Worse" side of this theme in 2024, 1 year before the typical company in this theme (2025).
The whole theme swung hardest in 2025: 6 of 8 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「The automobile market is also undergoing business realignment as the electric vehicle market expands.」
The company has reaffirmed its existing view of the business environment: the electric vehicle market is expanding, accompanied by business realignment in the automobile market. - 2026-08-06RestatedResults
「The automobile market is also undergoing business realignment as the electric vehicle market expands.」
電動車市場の拡大に伴う自動車業界の事業環境変化を再確認している。 - FY2026MaterialisedAnnual report
「The major factors affecting the management of the Group are declining demand for automotive pulleys due to vehicle electrification, and rising energy and commodity prices resulting from conflicts and other events occurring around the world.」
The decline in pulley demand due to electrification is explicitly identified as a factor affecting management. The decline in pulley sales associated with the expansion of electric vehicles in China and other factors is also reflected in full-year business conditions. - 2026-05-13MaterialisedResults
「自動車市場は電動車市場の拡大による事業再編が進んでいます。」
電動車市場の拡大による事業再編が継続する事業環境として記載され、プーリ売上は前期比で減少している。 - FY2026-H1MaterialisedAnnual report
「During the interim consolidated accounting period under review, sales declined slightly both year on year and versus the forecast, as pulley sales fell due to sluggish vehicle sales in Thailand and the expansion of electric vehicles in China, although growth in domestic transmission sales and other factors limited the decline.」
The shift toward vehicle electrification is described as having materialized in the form of declining pulley demand due to the expansion of electric vehicles in China. - FY2025-H1MaterialisedAnnual report
「Sales declined slightly against the forecast due to weak sales of Japanese vehicles in China, which lagged behind the rapid shift toward vehicle electrification in China.」
The delay in responding to the rapid progress of vehicle electrification manifested itself in weak sales of Japanese vehicles in China and became a factor behind the slight decline in sales versus the forecast. - FY2024RestatedAnnual report
「The automotive industry also accelerated electrification, including hybrid vehicles.」
It reconfirms that the business environment is characterized by an accelerating shift toward vehicle electrification. - FY2024-Q3MaterialisedAnnual report
「The automotive industry is pursuing business restructuring driven by the expansion of the electric vehicle market and the sustainability of its earning power, and competition is intensifying further. At overseas bases, the rapid shift toward EVs in the Chinese market reduced pulley demand and put pressure on some earnings.」
As the electric vehicle market expands and competition continues to intensify, the shift toward EVs in China has manifested itself in lower pulley demand and pressure on some earnings. - FY2024-Q2MaterialisedAnnual report
「At overseas bases, declining pulley demand accompanying the rapid shift toward EVs in the Chinese market put pressure on some earnings.」
It states that the shift toward vehicle electrification manifested itself in lower pulley demand in the Chinese market, putting pressure on some earnings. - FY2024-Q1RestatedAnnual report
「During the first quarter, no new business or other risks arose. There were also no significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there has been no new occurrence or material change regarding existing risks related to vehicle electrification and related trends. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year under review, there were no newly arising business or other risks. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there has been no new occurrence or material change regarding existing risks related to vehicle electrification and related trends. - FY2022RestatedAnnual report
「In addition, efforts toward carbon neutrality are expanding globally, and the shift toward electrification is accelerating rapidly.」
It reconfirms that the structural shift toward vehicle electrification is continuing. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year under review, there were no newly arising business or other risks. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there has been no new occurrence or material change regarding existing risks related to vehicle hybridization, electrification and related trends. - FY2022-Q2RestatedAnnual report
「No new business or other risks arose during the 2nd quarter cumulative period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there has been no new occurrence or material change regarding existing risks related to vehicle hybridization, electrification and related trends. - FY2022-Q1RestatedAnnual report
「During the first quarter, no new business or other risks arose. There were also no significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there has been no new occurrence or material change regarding existing risks related to vehicle electrification and related trends. - FY2021WorsenedAnnual report
「The automotive industry is facing an uncertain outlook due to the spread of COVID-19 and semiconductor supply shortages, while the shift toward electrification is also accelerating rapidly.」
In addition to conventional hybridization and electrification, it explains that the shift toward electrification is accelerating rapidly, strongly indicating pressure for structural changes in pulley demand. - FY2021-Q3RestatedAnnual report
「No new business or other risks arose during the third-quarter cumulative consolidated period.」
It states that there are no new business risks and identifies no new changes regarding existing risks related to vehicle hybridization, electrification and related trends. - FY2020-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes regarding the risk of responding to vehicle hybridization and electrification. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes regarding the risk of responding to vehicle hybridization and electrification. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
It states that there have been no material changes regarding the risk of responding to vehicle hybridization and electrification. - FY2019-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes regarding the risk of responding to vehicle hybridization and electrification. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes regarding the risk of responding to vehicle hybridization and electrification. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
It states that there have been no material changes regarding the risk of responding to vehicle hybridization and electrification. - FY2018-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes regarding the risk of responding to vehicle hybridization and electrification. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes regarding the risk of responding to vehicle hybridization and electrification. - FY2018-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
It states that there have been no material changes regarding the risk of responding to vehicle hybridization and electrification. - FY2017WorsenedAnnual report
「However, as vehicles themselves undergo major changes, including electrification and automated driving, competition among automakers is intensifying.」
In addition to conventional hybridization and electrification, it explicitly identifies the transformation of vehicles as a whole, including automated driving, and intensifying competition among automakers as risks in the business environment. - FY2017-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes regarding the risk of responding to vehicle hybridization and electrification. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes regarding the risk of responding to vehicle hybridization and electrification. - FY2017-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
It states that there have been no material changes regarding the risk of responding to vehicle hybridization and electrification. - FY2016First statedAnnual report
「Trends in vehicle hybridization and electrification」
It lists changes in automotive powertrain technology as an external factor that could affect operating results.