Failure to Meet New Product Assessment Targets and Obsolescence of Existing Products
First written in FY2016. 3 of 6 entries say "Worsened", first in FY2020. Latest entry: FY2026.
Subaru moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 11 of 29 companies on the "Worse" side.
11 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The automotive industry is entering a once-in-a-century period of major transformation. As a group operating globally, we need to respond quickly to changes in the global situation, secure the sustainability of management and strengthen our management foundation, while working harder than ever to minimize human, social and economic losses.」
The risks related to new products failing to meet expectations and existing products becoming obsolete are being viewed more broadly as rapid and discontinuous changes in the business environment, including BEVs, HEVs, ICE vehicles, entry by companies from other industries, sharing and autonomous driving. - FY2024WorsenedAnnual report
「The automotive industry is undergoing major environmental changes. The environment surrounding the group is changing rapidly and discontinuously, as mobility services become more widespread, companies from other industries enter the market, the shift to electrification progresses in response to environmental requirements, and transportation options diversify with the spread of sharing and autonomous driving, further diversifying customers' values, preferences and needs.」
The risks of new products failing to meet expectations and existing products becoming obsolete were further clarified as rapid and discontinuous market changes, including electrification, entry by companies from other industries, sharing and autonomous driving. - FY2020WorsenedAnnual report
「As mobility services become more widespread, entry by companies from other industries, a shift to vehicles other than gasoline-powered vehicles in response to environmental requirements, and the diversification of transportation options resulting from the spread of sharing and autonomous driving are expected to further diversify customers' values, preferences and needs.」
The scope was expanded from the risks of new products failing to meet expectations and existing products becoming obsolete to changes in the market and competitive environment, including entry by companies from other industries, electrification, sharing, autonomous driving and delays in digital innovation. - FY2019RestatedAnnual report
「The group's operating results and financial position could be materially affected if market evaluations of new products, including new vehicle models, fall short of the sales plans targeted by the group, or if existing products become obsolete faster than anticipated.」
The risk of new products failing to meet expectations and existing products becoming obsolete continues to be disclosed. - FY2018RestatedAnnual report
「The group's operating results and financial position could be materially affected if market evaluations of new products, including new vehicle models, fall short of the sales plans targeted by the group, or if existing products become obsolete faster than anticipated.」
Failure of new products to meet market expectations and obsolescence of existing products continue to be identified as product and sales risks. - FY2016First statedAnnual report
「The group's operating results and financial position could be materially affected if market evaluations of new products, including new vehicle models, fall short of the sales plans targeted by the group, or if existing products become obsolete faster than anticipated.」
The market evaluation of new products and obsolescence of existing products pose risks to sales plans and operating results.