Contraction of the Domestic Market and Slowing Automotive Demand

「一方で、国内市場では一部自動車メーカーにおいて販売回復の動きが見られる等、緩やかな持ち直しの動きも見られました。」

「The automotive industry in which the Group operates remained in a difficult environment, owing to US tariff policies and their impact in the form of lower production and sales volumes in the Japanese market, as well as declining market share for Japanese manufacturers in Thailand and China. Revenue in Japan, excluding intersegment revenue, was ¥59,233 million, down 3.9% from the previous consolidated fiscal year, owing to lower production and sales volumes among customers.」

「米国での関税政策やその影響による日本市場での生産・販売台数減、タイ・中国市場において日系メーカーのシェア低下等により、厳しい状況が続いております。」

「The automotive industry in which the Group operates remained in a difficult environment, owing to US tariff policies and their impact in the form of lower production and sales volumes in the Japanese market, as well as declining market share for Japanese manufacturers in China.」

「The automotive industry in which the Group operates remained in a difficult environment. In the domestic market, production volumes stagnated at multiple manufacturers because of production and shipment stoppages and delays in launching new vehicles, due in part to misconduct issues at automakers. In the Chinese market, difficult conditions continued, including declining market share for Japanese manufacturers.」

「The automotive industry in which the Group operates remained in a difficult environment. In the domestic market, production volumes stagnated at multiple manufacturers because of production and shipment stoppages and delays in launching new vehicles, due in part to misconduct issues at automakers. In the Chinese market, Japanese manufacturers also continued to face difficult conditions, including declining market share.」

「Revenue in Japan, excluding intersegment revenue, was ¥62,832 million, up 11.6% from the previous consolidated fiscal year, reflecting a recovery in customers’ production and sales volumes and the pass-through of costs into selling prices.」

「Revenue in Japan, excluding intersegment revenue, was ¥45,505 million, up 17.1% year on year, reflecting a recovery in customers’ production and sales volumes.」

「Revenue in Japan, excluding intersegment revenue, was ¥29,645 million, up 19.9% year on year, reflecting a recovery in customers’ production and sales volumes.」

「Japan segment revenue, excluding intersegment revenue, was ¥13,705 million, up 26.7% year on year, as customers’ production and sales volumes recovered.」

「The domestic automotive industry is a mature market, and automakers may reduce production scale by reorganizing domestic plants and expanding operations in overseas markets where significant economic growth is expected.」

「The domestic automotive industry is a mature market, and automakers may reduce production scale by reorganizing domestic plants and expanding operations in overseas markets where significant economic growth is expected.」

「Revenue, excluding intersegment revenue, was ¥39,017 million, down 20.6% year on year for the cumulative third quarter, due mainly to declines in customers’ production and sales volumes caused by the spread of COVID-19, despite a recovery trend in customers’ production volumes.」

「Although customers’ production volumes gradually began to recover from the second quarter, revenue for the cumulative second quarter was ¥22,752 million, down 31.4% year on year, due mainly to declines in customers’ production and sales volumes caused by the spread of COVID-19.」

「Japan segment revenue, excluding intersegment revenue, was ¥9,578 million, down 37.0% year on year, due mainly to many production lines at customers’ plants being shut down as a result of the spread of COVID-19 and a sharp decline in customers’ sales. The segment loss was ¥1,008 million, compared with a segment loss of ¥216 million in the year-earlier period, mainly due to the impact of lower revenue.」

「The global economy has slowed sharply as the spread of COVID-19, reported since December 2019, has made the outlook difficult to assess and conditions severe.」

「The Company recognizes that the business environment surrounding the Group has become more uncertain globally due to the impact of protectionist US policies, concerns over US-China trade friction and the UK’s Brexit issue, while in Japan the improving trends in corporate earnings and employment have shown signs of pausing and the economic recovery trend is beginning to weaken.」

「The business environment surrounding the Group has become more uncertain globally due to the impact of protectionist US policies, concerns over US-China trade friction and the UK’s Brexit issue. In Japan, the improving trends in corporate earnings and employment have shown signs of pausing, and the economic recovery trend is beginning to weaken. In the automotive industry to which the Group belongs, the outlook has become less clear amid increasing uncertainty overseas.」

「The business environment surrounding the Group has become more uncertain globally due to the impact of protectionist US policies, concerns over US-China trade friction and the UK’s Brexit issue. In Japan, the improving trends in corporate earnings and employment have shown signs of pausing, and the economic recovery trend is beginning to weaken. In the automotive industry to which the Group belongs, the outlook has become less clear amid increasing uncertainty overseas.」

「The Group is pursuing its development by cutting fixed costs, responding to the contraction of the domestic market, and, with Japan positioned as its global headquarters and command center, implementing the overseas relocation of manufacturing and expanding global alliances.」

「The automotive industry to which the Group belongs has remained steady despite uncertainty overseas.」

「The automotive industry to which the Group belongs had performed steadily through the first half, but production and sales declined in some areas from the second half onward due to the impact of the automakers’ unauthorized inspection issue.」

「The automotive industry had performed steadily through the first half, but production and sales fell sharply from October onward in some areas due to the issue of unauthorized inspections by automakers.」

「In the automotive industry to which the Group belongs, both domestic four-wheel vehicle production and sales volumes exceeded the year-earlier period.」

「The domestic economy was also on a gradual recovery trend, and both domestic four-wheel vehicle production and sales volumes were above the year-earlier period.」

「The domestic economy was also on a gradual recovery trend, and both domestic four-wheel vehicle production and sales volumes were slightly above the previous year.」

「In Japan, domestic four-wheel vehicle production and sales volumes were below the year-earlier period in the first half, but began to recover gradually in the third quarter.」

「The domestic economy has lacked strength as the yen has remained on an appreciating trend. In the automotive industry to which the Group belongs, both domestic four-wheel vehicle production and sales volumes fell below the year-earlier period.」

「Both domestic four-wheel vehicle production and sales volumes fell below the year-earlier period.」

「The domestic automotive industry is a mature market, and new vehicle purchases and replacement demand may slow as the number of vehicle users declines in an aging society with a falling birthrate and lifestyles change.」