High Dependence on the Automotive Industry
First written in FY2016. 9 of 33 entries say "Worsened", first in FY2019-Q2. Latest entry: FY2026.
Daido Metal moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
The whole theme swung hardest in 2019: 36 of 67 companies on the "Worse" side.
21 other companies' latest entry also says "Other".
- FY2026Automotive demand trends diverged by regionAnnual report
「Domestic new vehicle sales declined year on year in fiscal 2025. Overseas sales increased year on year in the 2025 calendar year in the United States and Europe and also increased in China overall, although they declined at Japanese automakers operating in China.」
Auto demand declined domestically but increased in the United States, Europe and China overall, while Japanese automakers in China declined, indicating divergent trends by region and customer. - FY2026-H1Automotive demand trends diverged by regionAnnual report
「Overseas, sales increased in the United States and China and declined in Europe compared with the previous interim consolidated accounting period.」
Auto demand increased in the United States and China but declined in Europe. In Europe, declining demand associated with the shift to EVs also affected overseas revenue in the powertrain business. quantified: false; materialized: true. - FY2025-H1Domestic sales decline, overseas sales increaseAnnual report
「In Japan, new vehicle sales during the current interim consolidated accounting period declined from the previous interim consolidated accounting period. Overseas sales, however, increased.」
Domestic new vehicle sales declined, while overseas sales increased, indicating differing trends by region. - FY2024WorsenedAnnual report
「Because the automotive engine bearing segment accounts for a high proportion of the Group's revenue, sharp fluctuations in automotive demand and a decline in demand for internal combustion engines resulting from the Green Growth Strategy associated with "2050 Carbon Neutrality" could affect the Group's operating performance and financial position.」
The disclosure specifies that, in addition to conventional demand volatility, declining demand for internal combustion engines associated with 2050 carbon neutrality is an automotive-dependence risk. - FY2024-Q3Demand recovery continues, but Japanese automakers in China declineAnnual report
「Overseas demand also recovered and increased in the United States and Europe as the semiconductor shortage eased. China as a whole also increased, but demand at Japanese automakers operating in China declined.」
Auto demand recovered in the United States, Europe and China overall as the semiconductor shortage eased, while demand declined at Japanese automakers in China. - FY2024-Q2Revenue and profit growth as auto demand continued to recoverAnnual report
「In Japan, new vehicle sales in the cumulative second quarter of the current consolidated fiscal year increased from the same quarter of the previous year as the easing of the semiconductor shortage increased vehicle production. Overseas, demand also recovered and sales increased as the shortage eased.」
Against the backdrop of an easing semiconductor shortage, domestic auto production and sales and overseas demand increased year on year. The demand volatility associated with reliance on the automotive industry is emerging as a factor supporting performance during the recovery phase. - FY2024-Q1Revenue and profit growth on recovering auto demand, despite weaker demand in ChinaAnnual report
「In Japan, new vehicle sales in the cumulative first quarter of the current consolidated fiscal year increased from the same quarter of the previous year, as the rebound from the sharp decline caused by COVID-19 and an easing of the semiconductor shortage increased vehicle production. Overseas sales also increased in the United States and Europe as the semiconductor shortage eased. In China, however, sales declined as demand weakened.」
Auto production and sales recovered in Japan, the United States and Europe as the semiconductor shortage eased, while demand weakened in China. - FY2023-Q3Some production recovery, but lower profitAnnual report
「Against this backdrop, the Group's domestic revenue increased year on year, while overseas revenue also increased, partly due to the weaker yen. Segment revenue therefore increased 15.6% year on year to ¥49,435 million, while segment profit declined 21.7% to ¥5,085 million.」
Revenue from automotive engine bearings increased in Japan and overseas, driving 15.6% growth in segment revenue, while segment profit declined 21.7%. - FY2023-Q2Revenue growth from continued production cuts and yen depreciation, but lower profitAnnual report
「Against this backdrop, the Group's domestic revenue increased only slightly year on year, while overseas revenue rose as a result of the weaker yen. Segment revenue increased 9.1% year on year to ¥31,224 million, while segment profit declined 34.0% to ¥2,827 million.」
Despite continued production cuts in major markets due to shortages of semiconductors and components, revenue from automotive engine bearings increased 9.1% on the weaker yen, while segment profit declined 34.0%. - FY2023-Q1Recovering demand, but lower profit and continued production cutsAnnual report
「Against this backdrop, the Group's domestic revenue declined slightly year on year, while overseas revenue increased on a firm recovery in demand as the impact of COVID-19 subsided. As a result, segment revenue increased 7.3% year on year to ¥15,141 million. Segment profit, however, declined 30.6% to ¥1,575 million.」
Revenue from automotive engine bearings increased 7.3% on recovering overseas demand, while segment profit declined 30.6%. Automotive production cuts due to the semiconductor shortage and other factors also continued. - FY2022-Q3Revenue and profit growth on recovering demand, despite the ongoing semiconductor shortageAnnual report
「Against this backdrop, recovering demand across the automotive industry as the impact of COVID-19 subsided led to higher domestic and overseas sales for the Group. Segment revenue increased 29.4% year on year to ¥42,755 million, while segment profit was ¥6,492 million, compared with segment profit of ¥2,220 million in the same period of the previous year.」
Recovering auto demand drove 29.4% year-on-year revenue growth in the automotive engine bearing business, with segment profit reaching ¥6,492 million. Meanwhile, the impact of production cuts caused by the semiconductor shortage continued across the industry. - FY2022-Q2Revenue and profit growth on recovering auto demand, despite ongoing supply constraintsAnnual report
「Against this backdrop, recovering demand across the automotive industry as the impact of COVID-19 subsided led to higher domestic and overseas sales for the Group. Segment revenue increased 42.8% year on year to ¥28,613 million, while segment profit increased 1,066.3% to ¥4,281 million.」
Recovering auto demand drove 42.8% year-on-year revenue growth in the automotive engine bearing business and a 1,066.3% increase in segment profit. Meanwhile, production cuts due to the semiconductor shortage and other factors continued across the market. - FY2022-Q1Revenue and profit growth on recovering auto demand, despite ongoing supply constraintsAnnual report
「Against this backdrop, recovering demand across the automotive industry as the impact of COVID-19 subsided led to higher domestic and overseas sales for the Group. Segment revenue increased 34.5% year on year to ¥14,117 million, while segment profit increased 507.5% to ¥2,268 million.」
Recovering auto demand drove a significant year-on-year increase in revenue and segment profit from automotive engine bearings. However, the disclosure also notes production cuts due to variant strains and the semiconductor shortage. - FY2021WorsenedAnnual report
「Global new-vehicle sales fell to approximately 77.66 million units in 2020, creating extremely challenging conditions. As a result of this global decline in automotive sales, revenue fell 15.4% from the previous fiscal year to ¥84,720 million.」
Global new-vehicle sales fell to approximately 77.66 million units, while revenue from automotive engine bearings declined 17.6% year on year and Group-wide revenue fell 15.4%. - FY2021-Q3Signs of a recovery in demand, but revenue and profit continued to declineAnnual report
「Under these conditions, the Group's domestic and overseas sales both declined because of lower demand across the automotive industry. Revenue fell 24.0% from the same quarter of the previous year to ¥33,043 million, and segment profit fell 60.1% to ¥2,220 million.」
In the automotive engine bearings business, revenue fell 24.0% and segment profit fell 60.1%, despite signs of a recovery in demand. - FY2021-Q2WorsenedAnnual report
「Under these conditions, declining demand across the automotive industry led to decreases in both the Group's domestic and overseas sales. Segment revenue fell 31.1% from the same quarter of the previous year to ¥20,042 million, and segment profit fell 89.7% to ¥367 million.」
In the automotive engine bearings business, declining domestic and overseas demand was reflected in a 31.1% decline in revenue and an 89.7% decline in segment profit, with the impact of dependence on the automotive industry becoming more pronounced. - FY2021-Q1MaterialisedAnnual report
「Under these conditions, both the Group's domestic and overseas sales declined. Revenue fell 27.2% from the same quarter of the previous year to ¥10,497 million, and segment profit fell 77.3% to ¥373 million.」
In the automotive engine bearings business, declining domestic and overseas automotive demand was reflected in actual results as a 27.2% decline in revenue and a 77.3% decline in segment profit. - FY2020WorsenedAnnual report
「Against this backdrop, global new-vehicle sales fell to approximately 90.27 million units in 2019 because of the decline in automotive sales resulting from U.S.-China trade friction and other factors. Sales were low, and conditions were expected to become extremely challenging in 2020 as the impact of the COVID-19 pandemic intensified.」
Global new-vehicle sales fell to approximately 90.27 million units in 2019, while deterioration in the external environment associated with dependence on automotive demand continued. - FY2020-Q3WorsenedAnnual report
「Under these market conditions, the Group's performance during the nine-month period ended this quarter was affected by the global slowdown in demand related to the automotive industry. Revenue fell 9.0% from the same quarter of the previous year to ¥74,770 million.」
The global slowdown in demand related to the automotive industry was reflected in the Group's performance as a 9.0% year-on-year decline in revenue. - FY2020-Q2WorsenedAnnual report
「Under these market conditions, the Group's performance during the six-month period ended this quarter was affected by sluggish global demand related to the automotive industry. Group-wide revenue fell 5.8% from the same quarter of the previous year to ¥50,701 million.」
Sluggish global demand related to the automotive industry was reflected in the Group's performance as a 5.8% year-on-year decline in revenue. - FY2020-Q1WorsenedAnnual report
「Due mainly to sluggish global demand related to the automotive industry, Group-wide revenue fell 4.5% from the same quarter of the previous year to ¥25,482 million.」
Sluggish global demand related to the automotive industry resulted in a 4.5% decline in Group-wide revenue, showing the impact of demand fluctuations associated with dependence on the automotive industry. - FY2019-Q3WorsenedAnnual report
「New-vehicle sales in China, the world's largest market, appear to have fallen below the previous year's level for the first time in 28 years, declining 2.8% to just over 28.0 million units.」
New-vehicle sales in China fell 2.8% below the previous year's level, marking the first year-on-year decline in 28 years, while uncertainty about the outlook for global automotive production and sales increased. - FY2019-Q2WorsenedAnnual report
「New-vehicle sales in China and the United States, the world's two largest markets, remained solid and above the previous year's level through June 2018, but subsequently began to trend below the previous year's level, increasing uncertainty about the outlook for global automotive production and sales.」
It states that new-vehicle sales in China and the United States began to trend below the previous year's level after June, increasing uncertainty about the outlook for automotive production and sales. - FY2019-Q1China and U.S. vehicle sales strengthenedAnnual report
「New-vehicle sales in China and the United States, the world's two largest markets, remained solid and above the previous year's level. In addition, supported by a recovery in sales in emerging markets and a firm European market, global automotive production and sales remained generally solid.」
New-vehicle sales in China and the United States exceeded the previous year's level, and global automotive production and sales, including in emerging markets and Europe, were generally solid. It does not state that dependence on the automotive industry itself declined. - FY2018Global sales remained solid, while major markets slowedAnnual report
「Global new-vehicle sales in 2017 reached approximately 96.0 million units, up approximately 3% year on year, setting a record high for the eighth consecutive year. Meanwhile, sales were beginning to slow in China and the United States, the world's two largest markets. However, in addition to sales remaining at a high level, global automotive production and sales remained solid, supported by a recovery in sales in emerging markets and solid markets in Europe and Japan.」
While sales in China and the United States continued to slow, global new-vehicle sales reached approximately 96.0 million units, up approximately 3% year on year and a record high. - FY2018-Q3Global production and sales remained solid despite slowdowns in China and the United StatesAnnual report
「However, supported by a recovery in sales in emerging markets and solid markets in Europe and Japan, global automotive production and sales remained solid.」
While the slowdown in China and the United States was becoming more pronounced, global automotive production and sales remained solid, supported by emerging markets, Europe and Japan. - FY2018-Q2Global production and sales edged up despite slowdowns in China and the United StatesAnnual report
「The automotive industry, the Group's main industrial sector, faced increasing signs of a slowdown in China and the United States, the world's two largest markets. In China, growth slowed from the same quarter of the previous year as the effect of tax cuts on small vehicles waned, while sales in the United States continued to trend below the previous year's level. However, supported by a recovery in sales in emerging markets and solid markets in Europe and Japan, global automotive production and sales edged up from the same quarter of the previous year.」
While the Chinese and U.S. markets continued to slow, global automotive production and sales edged up, supported by emerging markets, Europe and Japan. - FY2018-Q1MaterialisedAnnual report
「The automotive industry, the Group's main industrial sector, faced increasing signs of a slowdown in China and North America, the world's two largest markets. In China, growth slowed from the same quarter of the previous year as the effect of tax cuts on small vehicles waned. In North America, sales reached a record high of approximately 17.55 million vehicles in 2016 on a calendar-year basis, but have tended to fall below the previous year's level since the beginning of the current year.」
The slowdown in the Chinese and North American markets related to the Group's dependence on the automotive business materialised in its operating environment. In contrast, domestic automotive production and sales were described as solid. - FY2017MaterialisedAnnual report
「Domestic automotive production during the fiscal year was approximately 9.08 million vehicles, down approximately 1.0% from the previous fiscal year, due to the increase in overseas production and the reaction to the hike in the mini-vehicle tax that had continued from the previous fiscal year.」
It states that the decline in domestic production related to the Group's dependence on the automotive sector occurred over the full fiscal year. - FY2017-Q1MaterialisedAnnual report
「Domestic automotive production and sales volumes were below the same quarter of the previous year, with mini-vehicle sales falling particularly sharply because of the impact of an emissions-testing scandal and other factors.」
It states that the risk of fluctuations in automotive demand materialised in the form of lower domestic production and sales volumes, including a sharp decline in mini-vehicle sales. - FY2016First statedAnnual report
「Automotive-related sales account for a high proportion of the Group's revenue, and sharp changes in demand could affect the Group's operating results and financial position.」
It describes the Group's reliance on the automotive sector in its sales mix and the risk of fluctuations in demand.