Contraction of the Domestic Automotive Market and Intensifying Global Competition
First written in FY2016. 6 of 31 entries say "Worsened", first in FY2017-Q1. Latest entry: 2026-05-14.
Tanaka Seimitsu Kogyo moved to the "Worse" side of this theme in 2026, 1 year after the typical company in this theme (2025).
The whole theme swung hardest in 2024: 5 of 9 companies on the "Worse" side.
4 other companies' latest entry also says "Worsened".
- 2026-05-14WorsenedEarnings
「Meanwhile, uncertainty surrounding the business environment remains extremely high, including fluctuations in foreign exchange rates, the prolonged geopolitical risks and persistently high resource and energy prices arising from unstable international conditions. With downside factors for the economy also present, the outlook is expected to remain extremely difficult.」
Uncertainty, including foreign exchange rates, geopolitical risks and resource and energy prices, together with downside factors for the economy, is identified as a risk to the future outlook. - FY2026-H1Global sales increased despite geopolitical risks and U.S. tariff policiesAnnual report
「During the interim consolidated accounting period, the overall economy was on a gradual recovery trend, but the outlook remained uncertain due to factors including prolonged geopolitical risks, U.S. tariff policies and exchange-rate volatility. In the automotive industry, a customer of the Company, the effects of these conditions notwithstanding, global vehicle sales increased, supported by the recovery trend, although risks remained.」
While prolonged geopolitical risks, U.S. tariff policies and exchange-rate volatility are explicitly identified as new sources of uncertainty, the disclosure states that global vehicle sales increased. - FY2025-H1Global sales flat, uncertain factors persistAnnual report
「During the interim consolidated accounting period, the overall economy was on a gradual recovery trend, but the outlook remained uncertain due to factors including exchange-rate volatility and soaring resource prices resulting from the situations in Ukraine and the Middle East. In the automotive industry, a customer of the Company, the effects of these conditions notwithstanding, global vehicle sales remained essentially flat, supported by the recovery trend resulting from the resolution of supply constraints on semiconductors and other items.」
While soaring resource prices and other factors resulting from the situations in Ukraine and the Middle East are cited as sources of uncertainty, global vehicle sales were essentially flat against a backdrop of resolved supply constraints on semiconductors and other items. - FY2024MitigatedAnnual report
「Although the outlook remains uncertain due to factors including sharp exchange-rate volatility and soaring resource prices resulting from the situation in Ukraine, global vehicle sales increased as supply constraints on semiconductors and other items eased.」
The disclosure states that global vehicle sales increased as supply constraints on semiconductors and other items eased, although uncertainty related to exchange rates and resource prices remains. - FY2024-Q3MitigatedAnnual report
「As the recovery trend strengthened following the easing of supply constraints on semiconductors and other items, global vehicle sales increased.」
The disclosure states that supply constraints on semiconductors and other items were easing and that global vehicle sales increased. It does not state that the risks had been fully resolved. - FY2024-Q1Supply constraints ease and global sales recoverAnnual report
「Although normalization of economic and social activity is progressing, the outlook remains uncertain due to factors including exchange-rate volatility caused by the rapid depreciation of the yen and soaring resource prices resulting from the situation in Ukraine. As a result, global vehicle sales increased in the automotive industry, a customer of the Company, as sales entered a recovery trend following the beginning of an easing of supply constraints caused by the prolonged shortage of semiconductors.」
The disclosure describes a recovery in vehicle sales as economic activity normalizes and semiconductor supply constraints begin to ease, while uncertainty related to the rapid depreciation of the yen, soaring resource prices and the situation in Ukraine persists. - FY2023-Q3Uncertainty persists, while China recoversAnnual report
「During the nine months ended December 2022, although signs of progress toward normalizing social and economic activity emerged as the effects of COVID-19 continued for an extended period, the outlook remained uncertain due to factors including soaring resource prices following Russia's invasion of Ukraine, the rapid depreciation of the yen and disruption caused by China's COVID-19 policies. As a result, customer production adjustments caused by supply-chain disruptions due to semiconductor shortages and other factors continued to constrain supply in North America and Europe, causing vehicle sales to decline, but the recovery of the Chinese market kept global vehicle sales at approximately the same level as the previous year.」
While the prolonged COVID-19 pandemic, soaring resource prices, the rapid depreciation of the yen and disruption caused by China's COVID-19 policies are additionally cited as factors contributing to an uncertain outlook, supply constraints in North America and Europe coexist with a recovery in the Chinese market. - FY2023-Q2Supply constraints in North America and Europe coexist with China's recoveryAnnual report
「As a result, customer production adjustments caused by supply-chain disruptions due to semiconductor shortages and other factors continued to constrain supply in North America and Europe, causing vehicle sales to decline, but the recovery of the Chinese market kept global vehicle sales at approximately the same level as the previous year.」
The disclosure states that vehicle sales in North America and Europe continued to decline due to supply constraints, while the recovery of the Chinese market kept global vehicle sales at approximately the same level as the previous year. - FY2023-Q1WorsenedAnnual report
「During the three months ended June 2022, although signs of progress toward normalizing social and economic activity emerged as the effects of COVID-19 continued for an extended period, the outlook remained uncertain due to factors including soaring resource prices following Russia's invasion of Ukraine and the lockdown in Shanghai, China.」
The prolonged COVID-19 pandemic, soaring resource prices following Russia's invasion of Ukraine and the lockdown in Shanghai are cited as factors contributing to an uncertain outlook. - FY2022-Q3RestatedAnnual report
「During the nine months ended December 2021, although the global economy, which had deteriorated due to the spread of COVID-19, was trending toward recovery as vaccination programs gained broader adoption, the outlook remained uncertain due to concerns including a renewed spread of infections caused by new variants. As a result, although global vehicle sales were trending toward recovery as the economy recovered, customer production adjustments due to semiconductor shortages and other factors prevented sales from recovering to the level of the same period of the previous year.」
The disclosure states that global vehicle sales were trending toward recovery, but the coexistence of concerns over a renewed spread of infections caused by new variants and customer production adjustments due to semiconductor shortages and other factors prevented recovery to the level of the same period of the previous year. - FY2022-Q2RestatedAnnual report
「During the six months ended September 2021, although the deterioration of the global economy caused by the spread of COVID-19 since the previous year had begun to ease as vaccination programs gained broader adoption and economies, led by the United States, were trending toward recovery, the outlook remained uncertain due to concerns including a renewed spread of infections caused by new variants. As a result, although vehicle sales increased worldwide as the economy recovered, customer production adjustments due to semiconductor shortages and other factors prevented sales from recovering to pre-COVID-19 levels.」
Global vehicle sales increased as the economy recovered, but customer production adjustments due to semiconductor shortages and other factors kept sales below pre-COVID-19 levels, while concerns over a renewed spread of infections caused by new variants continued. - FY2022-Q1Market recovery and semiconductor shortages coexistAnnual report
「Although vehicle sales increased worldwide in the automotive industry, a customer of the Company, as the economy recovered, production adjustments by customers due to semiconductor shortages and other factors prevented sales from recovering to pre-COVID-19 levels.」
The disclosure states that global vehicle sales turned higher, but customer production adjustments due to semiconductor shortages and other factors have kept sales below pre-COVID-19 levels. - FY2021WorsenedAnnual report
「The business environment surrounding the Company remains challenging in the automotive industry, amid the major transformation driven by the advance of CASE, logistics disruptions caused by the spread of COVID-19, and supply-chain disruptions with semiconductor shortages as a bottleneck.」
In addition to the contraction of the domestic market and global competition, CASE, COVID-19, logistics disruptions and semiconductor shortages have been added as factors worsening the business environment through supply-chain disruption. - FY2021-Q3RestatedAnnual report
「During the nine months ended December 2020, the business environment surrounding the Company deteriorated as the spread of COVID-19 forced economic activity to slow and the global economy weakened. As a result, although vehicle sales in China recovered following measures to contain the spread of infections, sales in other regions were affected by the economic downturn and declined across the board, led by Europe and the United States.」
The deterioration of the global economy caused by COVID-19 and the decline in vehicle sales, particularly in Europe and the United States, continued to be reported from the previous quarter. - FY2021-Q2RestatedAnnual report
「During the six months ended September 2020, the business environment surrounding the Company deteriorated as the spread of COVID-19 forced economic activity to slow and the global economy weakened. As a result, although vehicle sales in China recovered following measures to contain the spread of infections, sales in other regions were affected by the economic downturn and declined across the board, led by Europe and the United States.」
The deterioration of the global economy caused by COVID-19 and the decline in vehicle sales, particularly in Europe and the United States, have continued. - FY2021-Q1WorsenedAnnual report
「During the three months ended June 2020, the business environment surrounding the Company deteriorated rapidly as the global economy was forced to curtail economic activity due to the spread of COVID-19. As a result, although vehicle sales in China recovered following measures to contain the spread of infections, sales in other regions were affected by the economic downturn and declined across the board, led by Europe and the United States.」
The disclosure describes the stagnation of economic activity caused by the spread of COVID-19 and the decline in vehicle sales, particularly in Europe and the United States, providing new specifics on the factors worsening the market environment. - FY2020-Q3Japanese sales fell after the consumption tax hike, while sales in China and India declinedAnnual report
「During the nine months ended December 2019, the business environment surrounding the Company remained essentially flat in Japan, a customer of the Company in the automotive industry, as sales declined after the consumption tax hike despite front-loaded demand ahead of the hike. Overseas, global vehicle sales declined as sales in China and India fell.」
The disclosure states that the Japanese market was essentially flat due to the decline in sales after the consumption tax hike, while global vehicle sales declined as sales in China and India fell. - FY2020-Q2Global vehicle sales declined as sales in China and India fellAnnual report
「During the six months ended September 2019, the business environment surrounding the Company remained firm in Japan, supported by continued strong mini-vehicle sales and front-loaded demand ahead of the consumption tax hike in the automotive industry, a customer of the Company. Overseas, however, global vehicle sales declined as sales in China and India fell.」
The disclosure states that the Japanese market remained firm on mini-vehicle sales and front-loaded demand ahead of the consumption tax hike, while global vehicle sales declined due to decreases in China and India. The regions reporting declines changed from China and Europe in the previous quarter. - FY2020-Q1Global vehicle sales declined as sales in China and Europe fellAnnual report
「During the three months ended June 2024, the business environment surrounding the Company remained firm in Japan, supported by continued strong sales of mini vehicles in the automotive industry, a customer of the Company. Overseas, however, global vehicle sales declined as sales in China and Europe fell.」
The disclosure states that Japan's mini-vehicle sales remained firm, while global vehicle sales declined due to decreases in China and Europe, indicating a change in the business-environment description from essentially flat global sales in the previous quarter. - FY2019-Q3Japan and ASEAN firm, China and Europe down, global sales flatAnnual report
「During the nine months ended December 2024, the business environment surrounding the Company remained firm in Japan, supported by continued strong sales of mini vehicles in the automotive industry, a customer of the Company. Overseas, sales remained firm in ASEAN and other markets, but global vehicle sales were essentially flat as sales in China and Europe turned lower.」
Japan and ASEAN remained firm, while sales in China and Europe turned lower, leaving global vehicle sales essentially flat. - FY2019-Q2Japan flat, Europe and ASEAN firmAnnual report
「During the second quarter of the current consolidated cumulative period, the business environment surrounding the Company was as follows in the automotive industry, its customer sector. Vehicle sales in Japan remained broadly flat, supported by strong kei car sales. Overseas, firm performance in Europe, ASEAN and other regions drove global vehicle unit sales higher, which remained firm.」
Vehicle sales in Japan were broadly flat against a backdrop of strong kei car sales, while Europe, ASEAN and other regions remained firm, and global vehicle unit sales also remained firm. - FY2019-Q1Japan flat, United States and China firm, global sales strengtheningAnnual report
「During the first quarter of the current consolidated cumulative period, the business environment surrounding the Company was as follows in the automotive industry, its customer sector. Vehicle sales in Japan remained broadly flat, while strong performance in the United States and China resulted in firm global vehicle unit sales.」
The description has changed from the previous fiscal year's recovery in Japan and broadly flat global market to a broadly flat Japanese market, firm performance in the United States and China, and firm global vehicle sales, by region. - FY2018RestatedAnnual report
「During the current consolidated fiscal year, the business environment surrounding the Group was as follows in the automotive industry, its customer sector. In Japan, the market recovered due to the effects of new model launches by automakers. Overseas, vehicle sales declined in the United States but remained firm in Europe and China, leaving global vehicle unit sales broadly flat.」
The annual results describe market conditions by region as a recovery in Japan, a decline in the United States, firm performance in Europe and China, and a flat global market overall. - FY2018-Q3Changes in market conditions by regionAnnual report
「During the third quarter of the current consolidated cumulative period, the business environment surrounding the Company was as follows in the automotive industry, its customer sector. In Japan, the market recovered due to the effects of new model launches by automakers. Overseas, vehicle sales declined in the United States but remained firm in Europe and China, leaving global vehicle unit sales broadly flat.」
The market recovered in Japan, declined in the United States, remained firm in Europe and China, and was broadly flat worldwide, according to the disclosures on market conditions by region. - FY2018-Q2Changes in market conditions by regionAnnual report
「During the second quarter of the current consolidated cumulative period, the business environment surrounding the Company was as follows in the automotive industry, its customer sector. In Japan, the market recovered due to the effects of new model launches by automakers. Overseas, vehicle sales declined in the United States but remained firm in Europe and China, leaving global vehicle unit sales broadly flat.」
The market recovered in Japan, declined in the United States, remained firm in Europe and China, and was broadly flat worldwide, according to the disclosures on market conditions by region. - FY2018-Q1Changes in market conditions by regionAnnual report
「During the first quarter of the current consolidated cumulative period, the business environment surrounding the Company was as follows in the automotive industry, its customer sector. In Japan, the market recovered due to the effects of new model launches by automakers. Overseas, vehicle sales declined in the United States and China but remained firm in Europe and South America, leaving global vehicle unit sales broadly flat.」
The market recovered in Japan, while the United States and China turned down, Europe and South America remained firm, and the global market was broadly flat. The disclosures on market conditions by region have changed from those through the previous fiscal year. - FY2017WorsenedAnnual report
「The business environment surrounding the Company is expected to see further declines in vehicle unit sales in Japan's domestic automotive market, in addition to the contraction caused by the declining birthrate and aging population, due to a shift from vehicle ownership to shared use, or car sharing.」
The factors behind the domestic market contraction have become more specific, with further declines in vehicle unit sales expected due to the shift to car sharing in addition to the declining birthrate and aging population. - FY2017-Q3Japan and ASEAN flat, United States and China strongAnnual report
「The business environment surrounding the Company remains challenging in the automotive industry, its customer sector. In Japan, vehicle sales were flat due to the effects of new model launches and other factors, despite weak sales of kei cars. In ASEAN, sales declined from the beginning of the year due to the impact of a higher excise tax in Thailand and other factors, but vehicle sales recovered from April 2016 and remained flat, supported by economic stimulus measures including infrastructure investment in Thailand and Indonesia. Meanwhile, strong SUV sales continued to support the U.S. market, and tax cuts and other measures drove vehicle sales higher in China, resulting in overall favorable performance.」
Vehicle sales were flat in Japan and ASEAN, while strong performance continued in the United States and China, indicating differing market conditions by region. - FY2017-Q2Mixed performance by regionAnnual report
「The business environment surrounding the Company remains challenging in the automotive industry, its customer sector. In Japan, vehicle sales were sluggish due to weak sales of kei cars. However, strong SUV sales continued to support the U.S. market, while vehicle sales in ASEAN remained flat, supported by government measures to improve economic conditions in Thailand and other factors. In China, tax cuts and other measures drove vehicle sales higher, resulting in overall favorable performance.」
Vehicle sales remained sluggish in Japan, while the United States and China performed well and ASEAN was flat, resulting in divergent market conditions by region. - FY2017-Q1WorsenedAnnual report
「The business environment surrounding the Company remains challenging in the automotive industry, its customer sector, with vehicle sales sluggish in Japan due to weak sales of kei cars and in ASEAN due to the economic slowdown.」
In addition to Japan, sluggish vehicle sales in ASEAN due to the economic slowdown were specifically stated. - FY2016First statedAnnual report
「While Japan's domestic automotive market is trending downward and the global market is expanding, local manufacturers and major suppliers are accelerating their market entry, intensifying global competition both in Japan and overseas.」
With the domestic market shrinking while overseas markets expand, intensifying competition is identified as a business challenge.