Strengthening the framework for stable procurement of components, including semiconductors
First written in FY2022. 3 of 5 entries say "Advanced", first in FY2023-Q3. Latest entry: FY2024.
0 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「Production and sales volumes of four-wheel vehicles increased from the previous fiscal year, and the model mix also improved.」
The resolution of component and semiconductor shortages contributed to higher four-wheel vehicle production and sales volumes, alleviating the impact of supply constraints on stable procurement. - FY2024-Q3AdvancedAnnual report
「Net sales, operating income, ordinary income and quarterly net income attributable to owners of the parent all reached record highs, helped by foreign exchange effects, the easing of semiconductor shortages and initiatives including appropriate pricing in line with costs.」
The company explicitly identified the resolution of semiconductor shortage impacts as a factor in improved performance and stated that efforts related to stable component procurement had progressed to the stage where the effects of supply constraints had been resolved. - FY2023AdvancedAnnual report
「During the current consolidated fiscal year, efforts including stronger collaboration with suppliers and reducing the number of semiconductors used per vehicle through design changes reduced the impact of production cuts compared with the previous consolidated fiscal year.」
The company made its stable component procurement measures concrete through stronger collaboration with suppliers and reducing semiconductor use through design changes, thereby reducing the impact of production cuts from the previous fiscal year. - FY2023-Q3AdvancedAnnual report
「This was due to an improvement in component procurement compared with the previous corresponding period, which led to an increase in production volumes and inventories, among other factors.」
The company stated that component procurement had improved and production volumes had increased compared with the previous corresponding period. It did not state the specific implementation details of stable procurement measures or that supply shortages had been completely resolved. - FY2022First statedAnnual report
「In addition to increasing inventories, strengthening procurement through long-term contracts and establishing a structure capable of responding swiftly when component shortages occur, we will work to secure stable component procurement by maintaining communication with suppliers and building mutual trust.」
As a response to shortages of components, including semiconductors, the company independently presented, for the first time, increased inventories, long-term contracts, a rapid-response structure and relationship-building with suppliers as integrated procurement measures.