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Hks (7219) · RiskRestated

Weak automobile demand due to tax changes

First written in FY2016-Q3. 13 of 16 entries say "Restated". Latest entry: FY2024-Q1.

16entries
9years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016-Q3 – FY2024-Q12016: 220162017: 320172018: 020182019: 020192020: 220202021: 320212022: 320222023: 220232024: 1
Same theme, other companies
Pullback in automotive demand following tax changesA theme 1 companies write about · 1 as a headwind · 0 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. FY2024-Q1RestatedAnnual report

    「During the current first-quarter consolidated cumulative period, no new business or other risks arose. There were also 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 the previously described risks, including the impact of tax changes on automotive demand.
  2. FY2023-Q3RestatedAnnual report

    「During the current third-quarter consolidated cumulative period, no new business or other risks arose. There were also 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 the previously described risks, including the impact of tax changes on automotive demand.
  3. FY2023-Q1RestatedAnnual report

    「During the current first-quarter consolidated cumulative period, no new business or other risks arose. There were also 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 the previously described risks, including the impact of tax changes on automotive demand.
  4. FY2022-Q3RestatedAnnual report

    「During the current third-quarter consolidated cumulative period, no new business or other risks arose. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    It was concluded that there had been no significant changes in the previously described risks, including the impact of tax changes on automotive demand.
  5. FY2022-Q2RestatedAnnual report

    「During the current second-quarter consolidated cumulative period, no new business or other risks arose. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    It was concluded that there had been no significant changes in the previously described business and other risks, including the impact of tax changes on automotive demand.
  6. FY2022-Q1RestatedAnnual report

    「During the current first-quarter consolidated cumulative period, no new business or other risks arose. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    It was concluded that there had been no significant changes in the previously described risks, including consumers holding back on purchases due to tax changes.
  7. FY2021-Q3RestatedAnnual report

    「During the current third-quarter consolidated cumulative period, no new business or other risks arose. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    It was concluded that there had been no significant changes in the previously described risks, including consumers holding back on purchases due to tax changes.
  8. FY2021-Q2RestatedAnnual report

    「During the current second-quarter consolidated cumulative period, no new business or other risks arose. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    It was concluded that there had been no significant changes in the previously described risks, including consumers holding back on purchases due to tax changes.
  9. FY2021-Q1RestatedAnnual report

    「During the current first-quarter consolidated cumulative period, no new business or other risks arose. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    It was concluded that there had been no significant changes in the risks described in the previous fiscal year, including consumers holding back on purchases due to tax changes.
  10. FY2020-Q2RestatedAnnual report

    「During the current second-quarter consolidated cumulative period, no new business or other risks arose. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    It was concluded that there had been no significant changes in the previously described risks, including consumer sentiment following the consumption tax rate increase.
  11. FY2020-Q1Reappeared as a consideration regarding consumer sentiment after the consumption tax increaseAnnual report

    「However, in addition to the impact of trends in overseas economies, including tensions over trade issues, the outlook for the Chinese economy and the UK's withdrawal from the EU, and volatility in financial and capital markets, the situation remains one in which close attention must continue to be paid to trends in consumer sentiment following the consumption tax rate increase.」

    The risk of consumers holding back on purchases due to the consumption tax increase, which had been explicitly described in prior fiscal years, had once disappeared from the disclosures, but this time trends in consumer sentiment after the consumption tax rate increase were again described as a factor requiring attention.
  12. FY2017DroppedAnnual report

    「The business environment surrounding the Company is expected to include shrinking sales in Japan's automotive market due to the declining birthrate and aging population, as well as lower unit sales as young people move away from car ownership.」

    Consumers holding back on purchases due to the consumption tax increase and the hike in the automobile tax on kei cars, which had previously been described, were not explicitly included in the business and other risks for the year. The factors behind the contraction of the domestic market were described in a separate thread.
  13. FY2017-Q3RestatedAnnual report

    「During the current third-quarter consolidated cumulative period, no new business or other risks arose. There were also 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 the previously described business and other risks, including consumers holding back on purchases due to tax changes.
  14. FY2017-Q2RestatedAnnual report

    「During the current second-quarter consolidated cumulative period, no new business or other risks arose. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    It was concluded that there had been no significant changes in the business and other risks described in the previous fiscal year, including consumers holding back on purchases due to tax changes.
  15. FY2016RestatedAnnual report

    「The automotive industry has still been unable to recover from consumers holding back on purchases due to the consumption tax increase and the hike in the automobile tax on kei cars, and a full-scale recovery is still not in sight.」

    The view was maintained that consumers would continue to hold back on purchases due to tax changes and that a full-scale recovery in the automotive market was not in sight.
  16. FY2016-Q3First statedAnnual report

    「The automotive industry remains unable to recover from consumers holding back on purchases due to the consumption tax increase and the hike in the automobile tax on kei cars, and a full-scale recovery is still not in sight.」

    It was stated that consumers continued to hold back on purchases due to tax changes and that a full-scale recovery in the automotive market was not in sight.
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Hks's next results are scheduled for 2026-10-13. Read the earnings preview
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Weak automobile demand due to tax changes | HKS CO.,LTD. (7219) | Komori