Indonesia’s Currency Depreciation, High Interest Rates and Sluggish Resource Prices
First written in FY2017-Q1. 15 of 32 entries say "Restated". Latest entry: 2026-08-05.
The whole theme swung hardest in 2022: 160 of 184 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- 2026-08-05MitigatedEarnings
「In Indonesia, net sales increased year on year, owing to higher demand resulting from the economic recovery and other factors.」
Indonesia shifted from previously declining demand and net sales to increased demand and net sales supported by the economic recovery. - FY2026RestatedAnnual report
「In Indonesia, sales declined year on year as the decline in demand continued.」
In Indonesia, demand and sales continued to decline, confirming that the weak conditions seen through the previous interim period persisted for the full fiscal year. - 2026-05-15RestatedEarnings
「In Indonesia, net sales decreased year on year because demand continued to decline.」
Weak demand in Indonesia and the resulting decline in net sales continued throughout the fiscal year. - FY2026-H1Indonesia sales flat despite continued demand declinesAnnual report
「In Indonesia, demand continued to decline, but sales remained at the same level as in the same period of the previous year due to the customer mix, and」
In Indonesia, demand continued to decline, while sales remained at the same level as in the same period of the previous year due to the customer mix. - FY2025RestatedAnnual report
「Truck demand continued to decline due to sluggish sales caused by inflation and higher interest rates. Production at PT.PK Manufacturing Indonesia declined from the same period of the previous year, and sales also declined.」
In Indonesia, sluggish commercial vehicle sales caused by inflation and higher interest rates continued, along with declines in demand, production and sales. - FY2025-H1WorsenedAnnual report
「Domestic demand for commercial vehicles continued to decline due to sluggish sales caused by inflation and higher interest rates. Production at PT.PK Manufacturing Indonesia declined from the same period of the previous year, and sales also declined.」
In Indonesia, sluggish sales caused by inflation and higher interest rates and the decline in commercial vehicle demand continued, while production and sales also declined year on year. - FY2024-Q3WorsenedAnnual report
「Production at PT.PK Manufacturing Indonesia declined from the same period of the previous year due to lower domestic demand for commercial vehicles and lower production for export, and sales also declined.」
In Indonesia, domestic demand and production for export both declined, changing from the previous quarter's higher domestic demand and flat exports, while production and sales also declined year on year. - FY2024-Q2RestatedAnnual report
「Domestic demand for commercial vehicles increased, but production at PT.PK Manufacturing Indonesia declined from the same period of the previous year due to lower production for export.」
In Indonesia, domestic demand for commercial vehicles increased, but production declined year on year due to lower production for export. The situation from the previous quarter continued. - FY2024-Q1Production declined due to higher domestic demand and lower exportsAnnual report
「Domestic demand for commercial vehicles increased, but production at PT.PK Manufacturing Indonesia declined from the same period of the previous year due to lower exports.」
In Indonesia, domestic demand for commercial vehicles increased, but production at PT.PK Manufacturing Indonesia declined year on year due to the impact of lower exports. - FY2023-Q3RestatedAnnual report
「<Indonesia> Production at PT.PK Manufacturing Indonesia increased from the same period of the previous year due to higher domestic demand for commercial vehicles and increased exports.」
In Indonesia, production continued to increase against a backdrop of higher domestic demand for commercial vehicles and increased exports. - FY2023-Q2MitigatedAnnual report
「<Indonesia> Production at PT.PK Manufacturing Indonesia increased significantly from the same period of the previous year due to higher domestic demand for commercial vehicles and increased exports.」
In Indonesia, domestic demand for commercial vehicles and exports increased, and production also rose significantly year on year. - FY2023-Q1MitigatedAnnual report
「Production at PT.PK Manufacturing Indonesia increased significantly from the same period of the previous year due to higher domestic demand for commercial vehicles and increased exports.」
In Indonesia, domestic demand for commercial vehicles and exports increased, and production also rose significantly year on year. - FY2022-Q3RestatedAnnual report
「Indonesia: Production at PT.PK Manufacturing Indonesia increased from the same period of the previous year due to higher domestic demand for commercial vehicles and increased exports.」
In Indonesia, higher domestic demand for commercial vehicles, increased exports and higher production at the site continued. - FY2022-Q2MitigatedAnnual report
「Production at PT.PK Manufacturing Indonesia increased from the same period of the previous year due to higher domestic demand for commercial vehicles and increased exports.」
In Indonesia, production increased year on year, supported by higher domestic demand for commercial vehicles and increased exports, compared with the previous period's decline in commercial vehicle demand and flat production. - FY2022-Q1MitigatedAnnual report
「Domestic demand for commercial vehicles remained at the same level as in the same period of the previous year, and production at PT.PK Manufacturing Indonesia was at the same level as in the same period of the previous year.」
Indonesia's commercial vehicle demand and production, which had continued to decline year on year through the previous period, were at approximately the same and the same levels, respectively, as in the same period of the previous year during the quarter. - FY2021-Q2WorsenedAnnual report
「Indonesia: Despite new program launches, an expanded order scope and other factors, sales at PK Manufacturing Indonesia declined from the same period of the previous year due to the decline in commercial vehicle demand and other factors.」
While there were new program launches and an expanded order scope, sales at the Indonesia site declined year on year due to lower commercial vehicle demand. - FY2021-Q1RestatedAnnual report
「Indonesia: Despite a decline in commercial vehicle demand and other factors, sales at PK Manufacturing Indonesia increased from the same period of the previous year due to new program launches, an expanded order scope and other factors.」
While the decline in Indonesia's commercial vehicle demand continued, sales at PK Manufacturing Indonesia increased due to new program launches and an expanded order scope. - FY2020WorsenedAnnual report
「Indonesia: Commercial vehicle demand declined from the same period of the previous year.」
The decline in demand continued from the previous period, and Indonesia's commercial vehicle demand declined year on year for the full fiscal year. - FY2020-Q3RestatedAnnual report
「Indonesia: Commercial vehicle demand declined from the same period of the previous year.」
The disclosure continues to state that Indonesia's commercial vehicle demand declined year on year, following the previous quarter. - FY2020-Q2RestatedAnnual report
「Indonesia: Commercial vehicle demand declined from the same period of the previous year.」
The disclosure continues to state that Indonesia's commercial vehicle demand declined year on year, following the previous quarter. - FY2020-Q1WorsenedAnnual report
「Indonesia: Commercial vehicle demand declined from the same period of the previous year.」
Regarding Indonesia's demand environment, which had previously been described as recovering and strong, the disclosure states that commercial vehicle demand declined year on year in the quarter. - FY2019-Q3RestatedAnnual report
「Indonesia: Commercial vehicle demand remained strong due to continued public investment.」
The disclosure continues to state that Indonesia's commercial vehicle demand was strong, supported by continued public investment. - FY2019-Q2RestatedAnnual report
「Indonesia: Commercial vehicle demand remained strong due to continued public investment.」
The disclosure continues to state that Indonesia's commercial vehicle demand was strong, supported by continued public investment. - FY2019-Q1RestatedAnnual report
「Indonesia: Commercial vehicle demand remained strong due to continued public investment.」
The disclosure continues to state that Indonesia's commercial vehicle demand was strong, supported by continued public investment. - FY2018MitigatedAnnual report
「Indonesia: Commercial vehicle demand was strong due to continued public investment.」
Against the previous backdrop of weak automotive demand caused by currency depreciation and sluggish resource-related demand, commercial vehicle demand was described as strong, supported by continued public investment, indicating an improved demand environment. - FY2018-Q3RestatedAnnual report
「Indonesia: Automotive demand is on a recovery trend.」
The disclosure continues to state that Indonesia's automotive demand is on a recovery trend, indicating continued improvement from the previous environment of currency depreciation and sluggish commodity prices. - FY2018-Q2MitigatedAnnual report
「Indonesia: Automotive demand is on a recovery trend.」
The description of Indonesia's automotive demand has changed from the previous statement that demand had shown signs of recovery to one stating that it is on a recovery trend, indicating continued improvement in the demand environment. - FY2018-Q1MitigatedAnnual report
「Indonesia: Automotive demand showed signs of recovery, supported in part by currency stabilization and a bottoming out in commodity prices.」
Against a backdrop of currency stabilization and a bottoming out in commodity prices, automotive demand showed signs of recovery, further improving the risk environment previously characterized by currency depreciation and sluggish commodity prices. - FY2017MitigatedAnnual report
「Indonesia: Automotive demand has not yet achieved a full-fledged recovery, but conditions are improving, with signs of currency stabilization and a bottoming out in commodity prices.」
Indonesia has not yet achieved a full recovery in automotive demand, but currency stabilization and a bottoming out in commodity prices indicate signs of improvement from the previous environment of currency depreciation and weak resource-related demand. - FY2017-Q3RestatedAnnual report
「Indonesia: Currency depreciation and weak resource-related demand continued, and automotive demand remained sluggish.」
The disclosure reiterates that currency depreciation and weak resource-related demand continued, while automotive demand remained sluggish. - FY2017-Q2RestatedAnnual report
「Indonesia: The rupiah's depreciation and sluggish commodity prices continued, and automotive demand remained sluggish.」
The disclosure states that currency depreciation and sluggish commodity prices continued, while automotive demand remained weak. - FY2017-Q1First statedAnnual report
「Indonesia: The rupiah's depreciation, high interest rates, sluggish commodity prices and other factors continued, and conditions remained sluggish.」
The disclosure states that several adverse macroeconomic factors continued in Indonesia, and that the business remained sluggish.