Low-price competition and returns risk in the US aftermarket parts market
First written in FY2017. 12 of 25 entries say "Restated". Latest entry: FY2026.
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- FY2026WorsenedAnnual report
「As a result, sales were ¥5,635 million, down 24.3% year on year, and the segment recorded a loss of ¥854 million, compared with a loss of ¥282 million in the previous fiscal year.」
Sales declined as the company reviewed its customer base in the US market, while higher tariff expenses and warehouse-consolidation costs also contributed, causing the US segment loss to widen from ¥282 million to ¥854 million. - 2026-05-18WorsenedResults
「GMB NORTH AMERICA INC.において売上高については米国市場で販売先を見直すなどの対応により販売が減少し、損益面については関税負担の増加や物流の最適化を図るために実施した倉庫の集約にかかる費用の一時的な増加等の影響がありました。以上の結果、売上高5,635百万円（同24.3％減）、セグメント損失854百万円（前期は282百万円の損失）となりました。」
米国市場の販売先見直し、関税負担増加、倉庫集約費用により米国セグメントの損失が拡大した。 - FY2026-H1WorsenedAnnual report
「Sales declined as the company narrowed its customer base with an emphasis on profitability in the highly competitive US market. Profitability was also affected by a temporary increase in expenses associated with consolidating warehouses to optimize logistics.」
Sales declined as the company narrowed its customer base in the US market, while temporary warehouse-consolidation costs also arose. The US segment deteriorated from a loss of ¥179 million in the same quarter of the previous year to a loss of ¥502 million. - FY2025-H1Decline in sales to major retailers and narrowing of the lossAnnual report
「At consolidated subsidiary GMB NORTH AMERICA INC., sales to major retailers declined in the highly competitive US market. Meanwhile, GMB USA INC., a manufacturing site established in January 2023, began sales despite the front-loaded spending of related expenses. As a result, sales were ¥3,526 million, up 0.1% from the same quarter of the previous year, and the segment recorded a loss of ¥179 million, compared with a loss of ¥226 million in the same quarter of the previous year.」
In the US market, sales to major retailers declined, while GMB USA INC. began sales, and the US segment loss narrowed from ¥226 million in the same quarter of the previous year to ¥179 million. - FY2024-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year. There have also been no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It was stated that there had been no significant changes in existing risks, including low-price competition and return risk in the US aftermarket parts market. - FY2024-Q2MitigatedAnnual report
「At consolidated subsidiary GMB NORTH AMERICA INC., sales declined in transactions with major retailers in the highly competitive US market. However, the company was affected by higher selling prices and lower logistics costs, among other factors. As a result, sales were ¥3,521 million, down 14.7% from the same quarter of the previous year, and the segment recorded a loss of ¥226 million, compared with a loss of ¥549 million in the same quarter of the previous year.」
Although the competitive environment in the US market continued, the segment loss narrowed from ¥549 million in the same quarter of the previous year to ¥226 million due to higher selling prices and lower logistics costs. - FY2023RestatedAnnual report
「In recent years, Chinese-made auto parts and other products have intensified price-cutting competition in the United States, using low prices as a competitive weapon, leading to increasing oligopolization by suppliers capable of providing low-priced products on a large scale.」
The discussion of low-price competition and oligopolization involving Chinese products, inventory and product-range maintenance, and return risk associated with the DIY model in the US aftermarket parts market was continued. - FY2023-Q3RestatedAnnual report
「At consolidated subsidiary GMB NORTH AMERICA INC., profitability in transactions with major retailers deteriorated in the highly competitive US market, and the company was affected by persistently high global logistics costs. However, procurement costs temporarily improved as a result of refunds of import tariffs. As a result, sales were ¥5,770 million, up 6.3% year on year, and the segment recorded a loss of ¥535 million, compared with a loss of ¥788 million in the same quarter of the previous year.」
The competitive environment in the US market and deteriorating profitability in transactions with major retailers continued. However, partly due to the temporary improvement in procurement costs resulting from import tariff refunds, the loss narrowed from ¥788 million in the same quarter of the previous year to ¥535 million. - FY2023-Q2WorsenedAnnual report
「At consolidated subsidiary GMB NORTH AMERICA INC., profitability in transactions with major retailers deteriorated in the highly competitive US market, and the company was also affected by persistently high global logistics costs. As a result, sales were ¥4,127 million, up 12.9% from the same quarter of the previous year, and the segment recorded a loss of ¥549 million, compared with a loss of ¥438 million in the same quarter of the previous year.」
In the US, sales increased, while the loss widened from ¥438 million to ¥549 million due to deteriorating profitability in transactions with major retailers and persistently high logistics costs. - FY2023-Q1WorsenedAnnual report
「At consolidated subsidiary GMB NORTH AMERICA INC., profitability in transactions with major retailers deteriorated in the highly competitive US market, and the company was also affected by persistently high global logistics costs. As a result, sales were ¥1,978 million, down 3.0% from the same quarter of the previous year, and the segment recorded a loss of ¥273 million, compared with a loss of ¥62 million in the same quarter of the previous year.」
In addition to competition in the US market and deteriorating profitability in transactions with major retailers, persistently high global logistics costs contributed to the segment loss widening from ¥62 million to ¥273 million. - FY2022WorsenedAnnual report
「At consolidated subsidiary GMB NORTH AMERICA INC., sales increased as a result of expanding the range of products handled, among other factors. However, expenses increased due to higher import tariffs and surging logistics costs, among other factors. As a result, sales were ¥7,025 million, up 14.9% from the previous fiscal year, and the segment recorded a loss of ¥1,186 million, compared with a loss of ¥256 million in the previous fiscal year.」
In the US, sales increased, while the segment loss widened from ¥256 million to ¥1,186 million due to higher import tariffs and logistics costs. - FY2022-Q3WorsenedAnnual report
「At consolidated subsidiary GMB NORTH AMERICA INC., sales increased as a result of expanding the range of products handled, among other factors. However, expenses increased due to higher tariffs, among other factors. As a result, sales were ¥5,431 million, up 16.8% from the same quarter of the previous year, and the segment recorded a loss of ¥788 million, compared with a loss of ¥191 million in the same quarter of the previous year.」
Sales in the US aftermarket parts market increased, while the segment loss widened from ¥191 million to ¥788 million due to higher expenses resulting from increased tariffs, among other factors. - FY2022-Q2WorsenedAnnual report
「At consolidated subsidiary GMB NORTH AMERICA INC., sales increased as a result of expanding the range of products handled, among other factors. However, expenses increased due to higher import tariffs, among other factors. As a result, sales were ¥3,655 million, up 21.6% from the same quarter of the previous year, and the segment recorded a loss of ¥438 million, compared with a loss of ¥169 million in the same quarter of the previous year.」
In the US, revenue increased as the range of products handled expanded, while the loss widened from ¥169 million to ¥438 million due to higher expenses resulting from increased import tariffs, among other factors. - FY2021-Q2RestatedAnnual report
「Sales in the US aftermarket parts market remained strong, but profitability could not be improved sufficiently amid the intense competitive environment.」
Sales in the US aftermarket parts market remained strong, while the intense competitive environment and insufficient improvement in profitability continued. - FY2020RestatedAnnual report
「In recent years, Chinese-made auto parts and other products have intensified price-cutting competition in the United States, using low prices as a competitive weapon, leading to increasing oligopolization by suppliers capable of providing low-priced products on a large scale.」
The discussion of low-price competition and oligopolization involving Chinese products, and return risk, in the US aftermarket parts market was continued. - FY2020-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year. There have also been no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The summary that there had been no significant changes regarding low-price competition and return risk in the US aftermarket parts market was continued. - FY2020-Q2WorsenedAnnual report
「At consolidated subsidiary GMB NORTH AMERICA INC., amid continued intense competition in the US aftermarket parts market, profitability in transactions with major customers remained unimproved from the previous fiscal year. In addition, expenses associated with the valuation of trade receivables and inventories increased. As a result, sales were ¥2,124 million, down 15.1% year on year, and the segment recorded a loss of ¥479 million, compared with a profit of ¥69 million in the same quarter of the previous year.」
The intense competitive environment in the US aftermarket parts market and deteriorating profitability in transactions with major customers continued, and performance deteriorated from a profit in the same quarter of the previous year to a segment loss of ¥479 million. - FY2020-Q1RestatedAnnual report
「There were no newly identified business or other risks during the first quarter of the fiscal year. In addition, there were no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The summary that there had been no significant changes regarding low-price competition and return risk in the US aftermarket parts market was continued. - FY2019MaterialisedAnnual report
「At consolidated subsidiary GMB NORTH AMERICA INC., sales of replacement water pumps, tensioners, idlers and bearings declined. In addition, profitability in transactions with major retailers deteriorated in the highly competitive US market. As a result, sales were ¥5,095 million, down 24.4% year on year, and the segment recorded a loss of ¥303 million, compared with a profit of ¥141 million in the previous fiscal year.」
Low-price competition in the US and deteriorating profitability in transactions with major retailers became actual performance factors, and the US segment moved from profit to loss. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter and as of the filing date of this quarterly securities report, matters requiring addition to the "Business and Other Risks" section stated in the securities report for the previous fiscal year had arisen as follows.」
No individual significant changes were reported regarding low-price competition and return risk in the US aftermarket parts market. - FY2018RestatedAnnual report
「In recent years, Chinese-made auto parts and other products have intensified price-cutting competition in the United States, using low prices as a competitive weapon, leading to increasing oligopolization by suppliers capable of providing low-priced products on a large scale.」
The discussion of low-price competition and oligopolization involving Chinese products in the US aftermarket parts market, and measures addressing return risk, was continued. - FY2018-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year. There have also been no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The risk summary confirmed that the existing discussion of low-price competition and return risk in the US aftermarket parts market would continue, with no new developments or significant changes. - FY2018-Q2RestatedAnnual report
「During the second quarter consolidated cumulative period, there were no newly arising business or other risks. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The risk summary confirmed that the existing discussion of low-price competition and return risk in the US aftermarket parts market would continue, with no new developments or significant changes. - FY2018-Q1RestatedAnnual report
「There were no newly identified business or other risks during the first quarter of the fiscal year. In addition, there were no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The risk summary confirmed that the existing discussion of low-price competition and return risk in the US aftermarket parts market would continue, with no new developments or significant changes. - FY2017First statedAnnual report
「In recent years, Chinese-made auto parts and other products have intensified price-cutting competition in the United States, using low prices as a competitive weapon, leading to increasing oligopolization by suppliers capable of providing low-priced products on a large scale.」
The low-price competition and oligopolization caused by Chinese products in the US market were documented, while the possibility of increased returns associated with the DIY model was also noted separately.