Production Cuts and Lower Deliveries Caused by Unqualified Inspections at Automakers' Final Vehicle Inspections
First written in FY2018-Q3. 1 of 2 entries say "Materialised", first in FY2018-Q3. Latest entry: FY2025-H1.
Faltec moved to the "Worse" side of this theme in 2018, the same year as the typical company in this theme.
0 other companies' latest entry also says "Worsened".
- FY2025-H1WorsenedAnnual report
「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.」
The company states that production and shipment suspensions and delays in new-model launches occurred at multiple automakers due to misconduct issues and other factors, bringing the theme of production cuts and lower deliveries caused by problems at automakers back into focus. - FY2018-Q3MaterialisedAnnual report
「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.」
A sharp decline in production and sales at automakers caused by the unqualified-inspection issue resulted in a sharp decline in deliveries to major customers in the Japan segment. Segment profit was ¥215 million, down 47.7% year on year.