Revitalization of the Chinese Market Through Tax Cuts for Small Cars
First written in FY2017-Q2. 6 of 17 entries say "Worsened", first in FY2018-Q3. Latest entry: FY2025-H1.
Tachi-S moved to the "Worse" side of this theme in 2018, 2 years before the typical company in this theme (2020).
The whole theme swung hardest in 2018: 2 of 7 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- FY2025-H1WorsenedAnnual report
「The sales trends in the Chinese market, where sales of Japanese vehicles are generally sluggish, also warrant continued attention.」
The disclosure reaffirms the view that continued attention should be paid to weak sales of Japanese vehicles in the Chinese market. - FY2024-Q1WorsenedAnnual report
「The sales trends in the Chinese market, where sales of Japanese vehicles are generally sluggish, warrant close monitoring.」
The description of the Chinese market changed from market expansion centered on new-energy vehicles to an assessment that sales of Japanese vehicles overall remain sluggish and warrant close monitoring. - FY2022-Q1ReframedAnnual report
「In particular, the Chinese market continues to expand, with monthly sales of new-energy vehicles reaching new record highs.」
The explanation of the factors driving demand growth in the Chinese market changed from tax cuts for small vehicles and strong SUV demand to expanding sales of new-energy vehicles. - FY2021-Q1ReframedAnnual report
「In the Chinese market, unit sales are showing signs of recovery due to improved conditions surrounding COVID-19 and the impact of fiscal subsidy policies for new-energy vehicles, among other factors.」
The description of sales trends in the Chinese market changed from tax cuts for small vehicles and strong SUV demand to one that includes fiscal subsidy policies for new-energy vehicles. - FY2020WorsenedAnnual report
「In the Chinese market, unit sales continued to fall below the prior-year level due to the effects of US-China trade friction, tighter environmental standards and reduced subsidies for new-energy vehicles, among other factors.」
The description changed from stimulation through tax cuts for small vehicles and strong SUV demand to sluggish sales caused by trade friction, tighter environmental standards, and reductions in subsidies for new-energy vehicles. - FY2020-Q2WorsenedAnnual report
「Sales in the Chinese market continued to decline due to concerns about prolonged trade friction with the United States and the economic slowdown.」
The description changed from stimulation through tax cuts for small vehicles and strong SUV demand to a situation in which sales continue to decline due to prolonged US-China trade friction and an economic slowdown. - FY2020-Q1RestatedAnnual report
「Sales in the Chinese market continued to decline due to concerns about the impact of trade friction with the United States and the economic slowdown.」
The disclosure reiterates the previous situation, which changed from stimulation through tax cuts for small vehicles and strong SUV demand to declining sales due to trade friction and an economic slowdown. - FY2019-Q3WorsenedAnnual report
「Sales in the Chinese market continued to decline due to concerns about the impact of trade friction with the United States and the economic slowdown, as well as the reaction from front-loaded demand before the 2017 tax cuts were discontinued.」
The description changed from stimulation through tax cuts for small vehicles and strong SUV demand to declining sales due to the reaction ahead of the end of the tax cuts, an economic slowdown, and concerns over US-China trade friction. - FY2019-Q2ReframedAnnual report
「In the Chinese market, consumers have been holding back on purchases amid deteriorating economic sentiment and concerns about trade friction with the United States.」
The description changed from market stimulation through tax cuts for small vehicles and strong SUV demand to reduced purchases due to deteriorating economic sentiment and concerns over US-China trade friction. - FY2019-Q1SoftenedAnnual report
「Although strong demand for SUVs in the Chinese market showed signs of easing, the market as a whole remained resilient.」
The description now states that although the strong SUV demand supporting the Chinese market showed signs of easing, the market as a whole remained resilient. - FY2018RestatedAnnual report
「Sales in the Chinese market remained resilient, supported by strong demand for SUVs, although a slowdown is expected following the end of tax cuts for small vehicles.」
The disclosure reiterates the resilience of Chinese sales driven by strong SUV demand and concerns about a slowdown after the end of tax cuts for small vehicles. - FY2018-Q3WorsenedAnnual report
「Overseas, sales in the Chinese market remained resilient, supported by strong demand for SUVs, although a slowdown is a concern following the end of tax cuts for small vehicles.」
The description changed to state that although the Chinese market remains resilient on strong SUV demand, slower sales are a concern following the end of tax cuts for small vehicles. - FY2018-Q2ReframedAnnual report
「Sales in the Chinese market remained steady, supported by the popularity of SUVs.」
The description changed from market stimulation through tax cuts for small vehicles to resilient sales supported by strong demand for SUVs. - FY2018-Q1Tax cuts scaled backAnnual report
「Sales growth in the Chinese market slowed, partly due to the scaling back of tax incentives for small vehicles.」
The description changed from stimulation of the Chinese market through tax cuts for small vehicles to a slowdown in sales growth resulting from the scaling back of the tax cuts. - FY2017RestatedAnnual report
「The Chinese market continued to be stimulated, partly because tax cuts for small vehicles were extended.」
The disclosure reiterates the continued stimulation of the Chinese market against the backdrop of extended tax cuts for small vehicles. - FY2017-Q3Tax cuts extendedAnnual report
「Overseas, the Chinese market continued to be stimulated, partly because tax cuts for small vehicles were extended.」
In addition to the stimulation of the Chinese market through tax cuts for small vehicles, the disclosure newly states that the tax cuts were extended. - FY2017-Q2First statedAnnual report
「Overseas, the Chinese market continued to be stimulated by tax cuts for small vehicles.」
The disclosure newly describes the continued stimulation of the Chinese market through tax cuts for small vehicles.