Dependence on Demand from the Automotive and Construction Machinery Markets
First written in FY2016. 10 of 20 entries say "Mitigated", first in FY2022-Q1. Latest entry: 2026-08-06.
The whole theme swung hardest in 2020: 11 of 20 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- 2026-08-06MitigatedEarnings
「In addition to relatively solid demand for hydraulic equipment for automobiles and construction machinery, the yen’s depreciation contributed to revenue of ¥126.2 billion, an increase of ¥12.2 billion from the first quarter of the previous consolidated fiscal year.」
Regarding dependence on demand in the automotive and construction machinery markets, the disclosure records higher revenue as demand in both areas remained relatively solid. - FY2026WorsenedAnnual report
「International conditions are changing rapidly. In addition to Russia's invasion of Ukraine, military clashes have occurred between the United States and Israel and Iran. ... If trade risks arising from a review of production systems against the backdrop of US tariff measures, a slowdown in the global economy and retaliatory measures by other countries materialise, they could affect the group's profitability and production activities.」
Regarding the risk associated with dependence on the main demand markets, the disclosure adds military clashes in the Middle East, US tariff measures, retaliatory measures and reviews of production systems as factors affecting performance, in addition to conventional market fluctuations. - 2026-05-13MitigatedEarnings
「Regarding our group’s businesses, demand for automotive products remained firm and production stayed solid. Although products for construction machinery were affected by U.S. tariff policies, shipments exceeded initial expectations, and the performance of each business remained solid.」
The disclosure states that, despite the impact of U.S. tariff policies, demand, production, and shipments for automotive and construction machinery products remained solid. - FY2026-H1MitigatedAnnual report
「As sales of hydraulic equipment for construction equipment and automotive-related products remained relatively firm, the group's revenue for the interim consolidated accounting period was ¥230.8 billion, an increase of ¥17.4 billion from the previous interim consolidated accounting period.」
Regarding the risk associated with dependence on vehicle and construction equipment demand, hydraulic equipment for construction equipment and automotive-related products remained relatively firm, resulting in a ¥17.4 billion year-on-year increase in revenue. - FY2025-H1WorsenedAnnual report
「The group's revenue was ¥213.5 billion, a decrease of ¥4.4 billion from the previous interim consolidated accounting period, due to the suspension of shipments to certain automakers and a decline in construction equipment demand, particularly in China.」
The suspension of shipments by automakers and the decline in construction equipment demand, particularly in China, materialised as factors behind the ¥4.4 billion decline in first-half revenue. - FY2024WorsenedAnnual report
「In the markets related to the group's businesses, demand in the automotive sector showed signs of recovery. However, the business environment during the consolidated fiscal year under review was more difficult than in the previous year due to a significant slowdown in construction equipment demand, particularly in China, fluctuations in motorcycle demand and deteriorating productivity in the United States, Central America and Europe.」
Against the recovery in vehicle demand, the disclosure cites a significant slowdown in construction equipment demand, mainly in China, fluctuations in motorcycle demand and deteriorating productivity in the United States, Central America and Europe, stating that conditions in the main markets became more difficult than in the previous year. - FY2024-Q3WorsenedAnnual report
「In the markets related to the group's businesses, demand in the automotive sector showed signs of recovery. However, the business environment during the cumulative third quarter under review was more difficult than in the previous year due to sluggish conditions in the construction equipment sector, particularly in China, fluctuations in motorcycle demand and deteriorating productivity in the United States, Central America and Europe.」
While demand in the automotive sector showed signs of recovery, sluggish construction equipment demand, mainly in China, fluctuations in motorcycle demand and deteriorating productivity in the United States, Central America and Europe made the business environment in the main markets more difficult than in the previous year. - FY2024-Q2WorsenedAnnual report
「Risks of an economic slowdown remain, including unstable global conditions amid rising geopolitical risks, soaring energy resource prices and monetary policies in various countries addressing accelerating inflation. In Japan, the business environment remains difficult to forecast amid increasing uncertainty, including concerns that economic stagnation may result from prolonged high prices due to the weaker yen and labour shortages, downside risks in order trends and the impact of stagnation in China's real estate market.」
In addition to downside risks in order trends related to the main demand markets, the disclosure specifically identifies the impact of stagnation in China's real estate market and states that uncertainty is increasing. Meanwhile, revenue for the cumulative second quarter under review increased by ¥8.0 billion year on year. - FY2023-Q3MitigatedAnnual report
「Under these conditions, the group's revenue for the cumulative third quarter under review was ¥316.8 billion, an increase of ¥30.7 billion from the cumulative third quarter of the previous fiscal year, reflecting the recovery in demand following the resumption of economic activity and the effect of the weaker yen.」
Regarding the risk associated with dependence on demand for vehicles, construction equipment and other products and on the global economy, revenue increased by ¥30.7 billion year on year due to the recovery in demand following the resumption of economic activity and the effect of the weaker yen. - FY2023-Q2MitigatedAnnual report
「Under these conditions, the group's revenue for the cumulative second quarter under review was ¥209.9 billion, an increase of ¥24.0 billion from the cumulative second quarter of the previous fiscal year, reflecting the recovery in demand following the resumption of economic activity and the effect of the weaker yen.」
Regarding the risk associated with dependence on demand for vehicles, construction equipment and other products and on the global economy, the disclosure cites a recovery in demand following the resumption of economic activity and a ¥24.0 billion year-on-year increase in revenue, indicating that the recovery trend is continuing. - FY2023-Q1MitigatedAnnual report
「Overall, the economy remained on a recovery trend due to progress in COVID-19 vaccinations and government policies to resume economic activity in various countries. However, downside risks also emerged, including soaring raw material prices, semiconductor shortages and the prolonged deterioration of the situation in Ukraine.」
The main demand markets for vehicles, construction equipment and other products entered a recovery trend following the resumption of economic activity, and revenue for the quarter also increased by ¥5.5 billion year on year. However, downside factors related to raw materials, semiconductors and the situation in Ukraine remain. - FY2022MitigatedAnnual report
「Demand in both the automotive market and the construction equipment market, the main markets for our products, has recovered compared with the previous consolidated fiscal year.」
Regarding the risk of dependence on demand in the automotive and construction equipment markets, the disclosure cites demand recovery in the main markets and an 18.4% increase in revenue, indicating an improvement from the sharp decline in demand in the previous year. - FY2022-Q3MitigatedAnnual report
「The group's revenue for the cumulative third quarter under review was ¥286.1 billion, an increase of ¥56.4 billion from the cumulative third quarter of the previous fiscal year, which had been significantly affected by the global economic stagnation caused by COVID-19.」
Regarding the risk associated with dependence on demand for vehicles, construction equipment and other products and on the global economy, revenue increased by ¥56.4 billion year on year, indicating that the demand environment continues to recover. - FY2022-Q2MitigatedAnnual report
「The group's revenue for the cumulative second quarter under review was ¥185.9 billion, an increase of ¥47.1 billion from the cumulative second quarter of the previous fiscal year, reflecting a significant recovery in demand following the resumption of economic activity.」
Regarding the risk associated with dependence on demand for vehicles, construction equipment and other products and on the global economy, the disclosure cites a significant recovery in demand accompanying the resumption of economic activity and an increase in revenue of ¥47.1 billion. - FY2022-Q1MitigatedAnnual report
「Due to firm demand for our products, revenue was ¥94.9 billion, an increase of ¥34.5 billion from the cumulative first quarter of the previous fiscal year.」
Although the impact of COVID-19 has persisted, economic activity resumed and product demand remained firm, resulting in a recovery in revenue from the sharp decline in demand in the same period of the previous year. - FY2021WorsenedAnnual report
「A decline in demand for vehicles and construction equipment due to the deterioration of the global economy, as well as customer production adjustments resulting from supply and demand conditions for key materials such as semiconductors, could significantly affect this segment's profitability.」
In addition to the existing dependence on vehicle and construction equipment demand, customer production adjustments caused by tight supply and demand for key materials such as semiconductors are identified as a new factor affecting performance. - FY2021-Q2WorsenedAnnual report
「The group's revenue for the cumulative second quarter under review was ¥138.8 billion, a decrease of ¥58.8 billion from the cumulative second quarter of the previous fiscal year, due to the continued global economic stagnation caused by the spread of COVID-19.」
Regarding the risk associated with dependence on demand for vehicles, construction equipment and other products and on the global economy, the decline in revenue caused by COVID-19 widened to ¥58.8 billion year on year, with the impact continuing and intensifying from the previous quarter. - FY2021-Q1MaterialisedAnnual report
「During the cumulative first quarter under review, the global economy experienced a severe downturn due to the spread of COVID-19. In Japan, although economic stimulus measures were introduced, the spread of COVID-19 remained unchecked and the outlook continued to be uncertain.」
In relation to the existing risk of dependence on demand for vehicles and construction equipment and on the global economy, the recession caused by the spread of COVID-19 has materialised, resulting in lower revenue and losses in the core businesses. - FY2017RestatedAnnual report
「The products of the Group's AC (Automotive Components) and HC (Hydraulic Components) businesses depend heavily on global automobile and construction machinery production volumes, and a decline in automobile and construction machinery demand resulting from a global economic downturn would significantly affect the profitability of these businesses.」
Continues to identify the risk that the core businesses depend on global vehicle and construction equipment production volumes and economic conditions. - FY2016First statedAnnual report
「The products of the Group's AC (Automotive Components) and HC (Hydraulic Components) businesses depend heavily on global automobile and construction machinery production volumes, and a decline in automobile and construction machinery demand resulting from a global economic downturn would significantly affect the profitability of these businesses.」
Shows the risk that revenue from the 2 core businesses depends on global vehicle and construction equipment production volumes and economic conditions.