Declining Vehicle Sales and Sluggish Demand in the Chinese Automotive Market
First written in FY2020-Q3. 9 of 11 entries say "Materialised", first in FY2020-Q3. Latest entry: FY2026.
Kasai Kogyo moved to the "Worse" side of this theme in 2023, 4 years after the typical company in this theme (2019).
The whole theme swung hardest in 2019: 6 of 10 companies on the "Worse" side.
1 other company's latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「This was due to production cuts by customer OEMs in response to the contraction of the gasoline-vehicle market in China.」
Production cuts by customer OEMs in response to the contraction of China's gasoline-vehicle market were actually reported as a factor behind the decline in revenue in the Asia business in FY2026. - FY2026-H1MaterialisedAnnual report
「This was due to decreases in production volumes at major customer OEMs in Japan and North America, the withdrawal from the German site in Europe, and production cuts by customer OEMs in China in response to the contraction of the gasoline-vehicle market.」
Production cuts by customer OEMs in China in response to the contraction of the gasoline-vehicle market have actually occurred and become a factor behind the declines in revenue and profit in the Asia business. - FY2025MaterialisedAnnual report
「In China, sluggish sales at major customers since the beginning of the period delayed the recovery. Revenue was ¥22,156 million, a decrease of ¥4,976 million from the previous consolidated fiscal year, or 18.3%, while segment profit was ¥1,498 million, a decrease of ¥2,323 million, or 60.8%.」
Sluggish sales at major customers in China and the delay in the recovery of production have materialized in full-year results as a decrease in revenue and profit in the Asia segment. - FY2025-H1MaterialisedAnnual report
「Mainly due to sluggish sales of vehicles ordered by the Company’s customers as a result of the shift toward electric vehicles in China, revenue was ¥10,989 million, a decrease of ¥1,307 million from the previous interim consolidated accounting period, or 10.6%.」
Sluggish sales of ordered vehicles arising from the shift toward electric vehicles in the Chinese automotive market actually occurred and became a factor behind the decline in revenue in the Asia segment. - FY2024-Q3MaterialisedAnnual report
「In China, sluggish sales at major customers since the beginning of the period delayed the recovery. Revenue was ¥18,821 million, a decrease of ¥2,874 million from the same quarter of the previous year, or 13.2%, while segment profit was ¥2,444 million, a decrease of ¥442 million, or 15.3%.」
Sluggish sales at major customers in China and the delay in the recovery of unit volumes have materialized in actual results as a 13.2% decrease in revenue and a 15.3% decrease in segment profit in the Asia segment. - FY2024-Q2MaterialisedAnnual report
「In China, in addition to production cuts in the first quarter, recovery in unit volumes has been delayed by sluggish sales at major customers. Revenue was ¥12,297 million, a decrease of ¥478 million from the same quarter of the previous year, or 3.7%.」
Sluggish sales at major customers in China and the delay in the recovery of unit volumes have materialized in actual results as a 3.7% year-on-year decline in revenue in the Asia segment. - FY2024-Q1MaterialisedAnnual report
「Although production volumes at major customers increased in the ASEAN region, production volumes at major customers in China decreased due to the impact of the zero-COVID policy. Revenue was ¥640.0 million, a decrease of ¥84.5 million year on year (−11.7%), while segment profit was ¥99.7 million, a decrease of ¥30.5 million (−23.5%).」
The decline in production volumes at major customers due to the impact of China's zero-COVID policy has materialized in actual results as an 11.7% decrease in revenue and a 23.5% decrease in segment profit in the Asia segment. - FY2023-Q3WorsenedAnnual report
「China's economic recovery has slowed, with growth remaining low due in part to the impact of its zero-COVID policy.」
The Company states that the Chinese economy, including the Chinese automotive market, is experiencing low growth and a slowdown in the pace of economic recovery due to the impact of the zero-COVID policy. - FY2021-Q3MitigatedAnnual report
「In the automotive industry related to the Group, although new-vehicle unit sales in China recovered sharply due to the impact of government purchase subsidies, automotive sales in both Japan and overseas decreased year on year due to the impact of the renewed spread of COVID-19 in Japan, Europe and the United States.」
The Company states that new-vehicle unit sales in China recovered sharply due to government purchase subsidies, indicating some improvement in the risk of declining sales in the Chinese automotive market. Meanwhile, sales continue to decline in Japan, Europe and the United States. - FY2021-Q1MaterialisedAnnual report
「In China, sales declined sharply from the beginning of the year due to the impact of COVID-19.」
The Company states that the impact of COVID-19 has newly become an actual factor behind the decline in sales in the Chinese automotive market. - FY2020-Q3MaterialisedAnnual report
「In China, total unit sales decreased due to the impact of US-China trade friction, the changeover in emissions standards, reductions in subsidies for new energy vehicles and other factors.」
The Company states that unit sales in the Chinese automotive market decreased due to the impact of US-China trade friction, the changeover in emissions standards, reductions in subsidies for new energy vehicles and other factors.