Progress in Overseas Operations in China, South Korea and Europe
First written in FY2016-Q3. 1 of 34 entries say "Worsened", first in FY2020. Latest entry: FY2026-H1.
4 other companies' latest entry also says "Other".
- FY2026-H1Reorganization of reportable segments and updates to regional performanceAnnual report
「The six reporting segments, previously classified as Japan, North America, China, Asia, Europe and South America, have been changed to Japan, the Americas, China, South Korea, Asia, and Europe and Africa.」
The reporting segments were revised from North America, Europe and South America to the Americas and Europe and Africa, with South Korea presented as a separate segment. Following the consolidation of the Act Group, assets and performance have been added to the Japan, Americas, China, Asia, and Europe and Africa segments. - 2026-06-05OtherEarnings
「Revenue from the group excluding newly consolidated subsidiaries, hereinafter the "pre-integration business," increased by approximately ¥4.5 billion, or 3%, year on year, despite lower sales by some customers in China and revenue declines caused by lost business in South Korea, mainly due to the recovery in sales by major customers in North America and the increase in yen-denominated amounts resulting from the weaker yen.」
By region, revenue declines in China and South Korea coexisted with a recovery in North America. - FY2025-H1Details of lower sales in North America and Europe and higher sales in Asia and South AmericaAnnual report
「The Group’s operating results for the interim consolidated accounting period reflected year-on-year sales growth in regions other than North America and Europe due to increased production by major customers. However, sales remained subdued mainly in North America and Europe due to production cuts by major customers, and net sales were ¥152,347 million, down ¥2,053 million, or 1.3%, year on year.」
Sales remained subdued in North America and Europe due to production cuts by major customers, while sales grew in Japan, China, Asia and South America due to increased production and new mass-production launches. Divergent regional performance became evident in the interim period as well. - FY2024Updated full-year regional performanceAnnual report
「The Group’s operating results for the consolidated fiscal year reflected sluggish sales due mainly to production cuts by major customers in North America and Europe and weak automobile markets in Indonesia and Vietnam in Asia. In China, however, sales grew year on year, partly due to an increase in the start-up of production for new vehicle models」
China reported higher sales and earnings due to the increase in production starts for new vehicle models, while sales remained subdued in North America and Europe due to production cuts by major customers and in Asia due to weak markets in Indonesia and Vietnam. Regional recovery and challenges coexisted throughout the fiscal year. - FY2024-Q2Regional recovery alongside challenges in North America and AsiaAnnual report
「The Group’s consolidated operating results for the cumulative second quarter reflected the easing of constraints on the supply of components, mainly in Europe, and steady automobile production, as well as an increase in the start-up of production for new vehicle models in China, resulting in year-on-year sales growth」
Company-wide net sales rose 8.0% year on year to ¥154.4 billion. China reported higher sales and earnings due to increased customer production and the start-up of production for new vehicle models. In Europe, net sales rose 16.1% and the operating loss narrowed from ¥694 million to ¥15 million. In contrast, the operating loss in North America widened from ¥1,104 million to ¥1,753 million due to the UAW strike and higher production costs, while operating income in Asia fell 28.6% due to slower sales. - FY2024-Q1Recovery in China, Europe and Japan alongside challenges in North America and AsiaAnnual report
「The Group’s consolidated operating results for the cumulative first quarter reflected the easing of constraints on the supply of components, mainly in Europe, and steady automobile production, as well as an increase in the start-up of production for new vehicle models in China. As a result, sales grew year on year, and, partly due to the increase in yen-denominated amounts resulting from the weaker yen, net sales were ¥78,368 million, up ¥6,051 million, or 8.4%, year on year.」
Sales and operating income improved in China, Europe and Japan, while North America faced a UAW strike and higher costs, and Asia was affected by lower sales in South Korea and elsewhere, resulting in divergent regional performance. Company-wide net sales rose 8.4% year on year. - FY2023Details of full-year growth and earnings recovery across segments excluding ChinaAnnual report
「The Group’s operating results for the consolidated fiscal year reflected increased automobile production by automakers as semiconductor shortages and other constraints eased. Growth was recorded year on year across nearly all segments except China, led by the United States, South Korea and Japan, and, partly due to the increase in yen-denominated amounts resulting from the weaker yen, net sales were ¥298,623 million, up ¥43,006 million, or 16.8%, year on year.」
As semiconductor supply shortages eased and automobile production increased, nearly all segments except China grew, and company-wide net sales rose 16.8%. China reported lower sales and an operating loss, leaving divergent regional performance. - FY2023-Q3Growth across all segments except China and recovery in regional performanceAnnual report
「The Group’s consolidated operating results for the cumulative third quarter fell short of the initially anticipated sales level, mainly due to delays in the start-up of mass production for new orders scheduled in Europe. However, as automakers increased production accompanying the easing of semiconductor shortages and other constraints, growth was recorded year on year across nearly all segments except China, led by the United States, South Korea and Japan. Partly due to the increase in yen-denominated amounts resulting from the weaker yen, net sales were ¥219,707 million, up ¥36,665 million, or 20.0%, year on year.」
Company-wide net sales rose 20.0% year on year, with growth recorded across nearly all segments except China. Net sales increased in Japan, North America, Asia, Europe and South America, while China reported lower sales. - FY2023-Q2Recovery in North America, Asia, Europe and South America, and deterioration in ChinaAnnual report
「The Group’s consolidated operating results for the cumulative second quarter reflected increased automobile production by automakers in various countries as shortages of components, mainly semiconductors, improved from the previous year. Sales to customers grew year on year, mainly in North America, Asia, Japan, Europe and Brazil, and, partly due to the increase in yen-denominated amounts resulting from the weaker yen, net sales were ¥142,945 million, up ¥22,079 million, or 18.3%, year on year.」
Sales grew in North America, Asia, Japan, Europe and Brazil, while China experienced lower sales and an operating loss. Regional recovery and challenges continued to coexist. - FY2023-Q1Regional recovery alongside challenges in China, Japan and South AmericaAnnual report
「The Group’s consolidated operating results for the cumulative first quarter reflected increased automobile production by automakers in various countries as shortages of components, mainly semiconductors, improved from the previous year. Sales to customers grew year on year, mainly in Asia, North America, Europe and Japan, and, partly due to the increase in yen-denominated amounts resulting from the weaker yen, net sales were ¥72,316 million, up ¥11,689 million, or 19.3%, year on year.」
Company-wide net sales rose 19.3% year on year. Sales grew in Asia, North America and Europe, while Japan reported an operating loss, China reported a 11.9% decline in net sales and an operating loss, and South America also reported an operating loss, with divergent regional performance continuing. - FY2022Details of full-year regional performance and stagnation in the Russia businessAnnual report
「The Group’s operating results for the consolidated fiscal year were affected mainly by production cuts at automakers in various countries due to semiconductor shortages and delays in the start-up of mass production for new orders scheduled in Europe. However, sales to customers grew year on year, mainly in North America, Asia and Europe, and, partly due to the increase in yen-denominated amounts resulting from the weaker yen, net sales were ¥255,616 million, up ¥37,862 million, or 17.4%, year on year.」
Net sales rose 17.4%, led by North America, Asia and Europe, while regional constraints, including semiconductor shortages, delays in the start-up of mass production in Europe and production stagnation in the Russia business, coexisted. Operating income was a loss of ¥4,856 million. - FY2022-Q3Details of regional recovery and deterioration and supply constraintsAnnual report
「The Group’s consolidated operating results for the cumulative third quarter fell short of the initially anticipated sales level, mainly due to production cuts at automakers in various countries resulting from semiconductor shortages and delays in the start-up of mass production for new orders scheduled in Europe. However, sales grew year on year, particularly in the United States, Indonesia and Hungary, and, partly due to the increase in yen-denominated amounts resulting from the weaker yen, net sales were ¥183,041 million, up ¥13,944 million, or 8.2%, year on year.」
Net sales rose 8.2% year on year, led by the United States, Indonesia and Hungary, while earnings deterioration due to semiconductor shortages, material and transportation costs, and delays in production ramp-ups continued in Japan, North America and Europe. In South America, net sales rose 121.3% as new vehicle models entered mass production, and the operating loss narrowed from ¥381 million to ¥167 million. - FY2022-Q2Details of regional performance, supply constraints and delays in production ramp-upsAnnual report
「The Group’s consolidated operating results for the cumulative second quarter were affected mainly by production cuts at automakers in various countries due to semiconductor shortages and delays in the start-up of mass production for new orders scheduled in Europe, which kept sales to customers subdued. However, partly due to the increase in yen-denominated amounts resulting from the weaker yen, net sales were ¥120,866 million, up ¥5,373 million, or 4.7%, year on year.」
Sales remained subdued due to semiconductor shortages and delays in the start-up of mass production in Europe, while company-wide net sales rose 4.7% due to the impact of yen translation resulting from the weaker yen. Japan, North America and Europe reported lower sales or wider losses, China and Asia reported higher sales, and South America’s loss narrowed due to the start-up of mass production, clarifying the divergent regional performance. - FY2022-Q1Regional recovery alongside supply constraints and cost pressuresAnnual report
「The Group’s consolidated operating results for the cumulative first quarter were affected by production cuts at automakers due to semiconductor shortages, mainly in North America, Japan, Europe and Asia, which kept sales to customers subdued. However, partly due to the increase in yen-denominated amounts resulting from the weaker yen, net sales were ¥60,626 million, up ¥2,888 million, or 5.0%, year on year.」
Company-wide net sales rose 5.0% year on year, partly due to the increase in yen-denominated amounts resulting from the weaker yen, while production cuts by customers due to semiconductor shortages constrained sales in North America, Japan, China, Asia and Europe. Regional recovery coexisted with supply constraints and cost pressures. - FY2021-Q3Broader recovery alongside supply constraints and cost pressuresAnnual report
「The Group's performance for the cumulative third quarter was revenue of ¥169.096 billion (up ¥28.336 billion year on year, or 20.1%), as customer production generally increased in China, Asia, Japan, North America and Europe as economic activity resumed from the previous year's infection-related stagnation. However, production cuts by automakers due to the resurgence of the infection and the global semiconductor shortage from the third quarter onward also affected results.」
Customer production recovered in China, Asia, Japan, North America and Europe, resulting in a 20.1% year-on-year increase in revenue. However, production cuts due to the resurgence of the infection and the semiconductor shortage, along with higher material, transportation and labor costs, remained a burden on performance. - FY2021-Q2Recovery alongside supply constraintsAnnual report
「Revenue was ¥115.492 billion (up ¥8.913 billion year on year, or 8.4%), as customer production increased in China, Japan, South Korea and Europe, although customer production was sluggish in North America due to production cuts caused by the semiconductor shortage and in Southeast Asia and South America due to the impact of the infection.」
Recovery was seen in China, Japan, South Korea and Europe due to increased customer production, while customer production remained sluggish in North America due to the semiconductor shortage and in Southeast Asia and South America due to the infection, with the divergence in regional performance continuing. - FY2021-Q1Recovery in China, Asia and Europe alongside weakness in North AmericaAnnual report
「The Group's performance for the cumulative first quarter was revenue of ¥57.738 billion (down ¥1.633 billion year on year, or 2.8%), as increased vehicle production by major customers in China, Asia and Europe was offset by sluggish sales mainly in North America and parts of Asia.」
China's revenue increased 23.8% and operating profit increased 52.1%, while Asian operating profit increased 24.7% and European revenue increased 4.5%, with the European operating loss also narrowing from the same period of the previous year. In North America, however, revenue declined 20.8% and operating profit declined 38.2%, with regional recovery and weakness coexisting. - FY2020WorsenedAnnual report
「For the fiscal year, revenue was ¥195.784 billion (down ¥44.217 billion year on year, or 18.4%), as lockdowns and customer shutdowns caused by the infection began in the China region in early February 2020, continued in most regions worldwide until around mid-May, and were followed by a delayed recovery.」
COVID-19-related production shutdowns and customer shutdowns affected performance across regions worldwide throughout the fiscal year, resulting in an 18.4% year-on-year decline in Group revenue. The disclosures cite lower revenue, lower earnings or operating losses in Japan, North America, Asia, Europe and South America, providing a full-year picture of deteriorating regional performance. - FY2020-Q3Deterioration in performance across all regions due to the impact of the infectionAnnual report
「The Group's performance for the cumulative third quarter was revenue of ¥140.760 billion (down ¥42.851 billion year on year, or 23.3%), as lockdowns and customer shutdowns caused by the infection began in the China region in early February, continued in most regions worldwide until around mid-May, and were followed by a delayed recovery.」
COVID-19-related production shutdowns and customer shutdowns spread from China to regions worldwide, resulting in a 23.3% year-on-year decline in revenue. Earnings declined significantly in Japan, North America, Europe and Asia, while China also reported lower revenue and operating profit, providing further detail on deteriorating regional performance. - FY2020-Q2Deteriorating regional performance due to the COVID-19 pandemicAnnual report
「The Group's performance for the cumulative second quarter was revenue of ¥106.578 billion (down ¥17.504 billion year on year, or 14.1%), as the global spread of the infection, particularly from the second quarter onward, led to lockdowns and customer shutdowns in various countries, significantly reducing production activity at Group companies.」
The global spread of COVID-19 led to lockdowns and customer shutdowns in various countries, resulting in a 14.1% year-on-year decline in Group revenue. Earnings declined significantly in Japan, North America, Europe and India, while revenue and operating profit also declined in China. - FY2020-Q1Deteriorating regional performance and recovery in China's profit in the first quarterAnnual report
「The Group's performance for the cumulative first quarter was revenue of ¥59.371 billion (down ¥5.252 billion year on year, or 8.1%), as sales remained firm in China and South Korea, while sluggish sales in Japan and North America and lower yen-denominated translated amounts due to the stronger yen against major currencies including the US dollar, Chinese yuan and euro had an adverse impact.」
Sales remained firm in China and South Korea, while sales were sluggish in Japan and North America, resulting in an 8.1% year-on-year decline in Group revenue. Weak sales by the Spanish and Russian subsidiaries in Europe and weak market conditions for the Indian subsidiary in Asia contributed to lower earnings. In China, however, operating profit increased 607.8% year on year due to cost reductions and productivity improvements. - FY2019Providing more detail on full-year regional performanceAnnual report
「For the fiscal year, revenue was ¥240.002 billion (down ¥11.248 billion year on year, or 4.5%), as sales remained firm mainly in North America and Asia excluding India while sales declined in China, Europe, Japan and India.」
Sales remained firm in North America and Asia, while sales declined in China, Europe, Japan and India. Chinese revenue declined 17.5%, while Europe reported an operating loss of ¥1.645 billion and South America an operating loss of ¥482 million, providing a full-year picture of the divergence in regional performance and losses. - FY2019-Q3Deteriorating regional performance and a widening South American lossAnnual report
「The Group's performance for the cumulative third quarter was revenue of ¥183.611 billion (down ¥5.481 billion year on year, or 2.9%), as sales remained firm mainly in North America and Asia excluding India, while sales declined in China, Europe, Japan and India.」
Sales remained firm in North America and Asia excluding India, while sales declined in China, Europe, Japan and India, resulting in a 2.9% year-on-year decline in Group revenue. China's operating profit declined 51.7%, while operating losses widened to ¥1.123 billion in Europe and ¥458 million in South America, with the divergence in regional performance and widening losses continuing. - FY2019-Q2Continued divergence in regional performance and worsening conditions in ChinaAnnual report
「The Group's performance for the cumulative second quarter was revenue of ¥124.083 billion (down ¥3.138 billion year on year, or 2.5%), as sales remained firm mainly in North America and Asia while sales declined in Japan and Europe, particularly in China.」
Sales remained firm in North America and Asia, while sales declined in China, Japan and Europe. Chinese revenue declined 15.1% year on year and operating profit declined 55.7%. In South America, revenue increased following the launch of products from new orders, but the operating loss widened to ¥362 million. - FY2019-Q1Recovery in North America and Asia alongside deterioration in China and South AmericaAnnual report
「The Group's performance for the cumulative first quarter was revenue of ¥64.624 billion (up ¥54 million year on year, or 0.1%), as sales remained firm mainly in North America and Asia while sales declined in Japan and Europe, particularly in China.」
North American revenue increased 12.7% year on year and Asian revenue increased 14.8%, while Chinese revenue declined 21.8%, Japanese revenue declined 2.8% and European revenue declined 13.2%. In South America, the operating loss widened from ¥99 million in the same period of the previous year to ¥306 million, with the divergence in regional performance continuing and widening. - FY2018-Q3Continued regional weakness and widening lossesAnnual report
「The Group's performance for the cumulative third quarter was revenue of ¥189.093 billion (down ¥6.074 billion year on year, or 3.1%), as sales remained firm mainly in Japan and Europe while sales were weak in North America, China and Asia.」
Sales remained firm in Japan and Europe, while weakness in North American, Chinese and Asian sales continued. Although European revenue increased 7.4% year on year, the operating loss widened from ¥226 million to ¥665 million, and the South American operating loss widened from ¥48 million to ¥271 million. - FY2018-Q2Weakness in North America, China and Asia and widening losses in Europe and South AmericaAnnual report
「The Group's performance for the cumulative second quarter was revenue of ¥127.222 billion (down ¥3.824 billion year on year, or 2.9%), as sales remained firm mainly in Japan and Europe while sales were weak in North America, China and Asia.」
Sales remained firm in Japan and Europe, while sales were weak in North America, China and Asia, resulting in a 2.9% year-on-year decline in Group revenue. The European operating loss widened from ¥69 million to ¥464 million, while South America reported an operating loss of ¥184 million, providing further detail on the divergence in regional performance. - FY2018-Q1Widening divergence in regional performanceAnnual report
「The Group's performance for the cumulative first quarter was revenue of ¥64.569 billion (up ¥1.774 billion year on year, or 2.8%), mainly because sales remained firm in Japan and Europe. In North America, revenue was ¥20.667 billion (down ¥853 million year on year, or 4.0%) due to sluggish sales to customers. In China, revenue was ¥13.295 billion (down ¥1.033 billion year on year, or 7.2%), as the decline in yen-denominated translated amounts caused by the stronger yen outweighed firm sales to Japanese automakers. In Asia, revenue was ¥13.939 billion (down ¥1.210 billion year on year, or 8.0%), mainly due to sluggish sales in South Korea. In Europe, revenue was ¥5.635 billion (up ¥1.582 billion year on year, or 39.0%), mainly due to firm sales by the Hungarian subsidiary and the net increase in sales by the Italian subsidiary acquired in the previous fiscal year. In South America, revenue was ¥49 million due to the net increase in sales by the Brazilian subsidiary acquired in the previous fiscal year.」
Sales remained firm in Japan and Europe, while sales declined in North America, China and Asia, and the European operating loss widened to ¥291 million due to production stagnation and start-up costs for the new Czech company. South America also reported an operating loss of ¥99 million due to weakness in the Brazilian market, providing further detail on the divergence in regional performance. - FY2017Growth in European revenue and a wider operating lossAnnual report
「In Europe, revenue was ¥21.409 billion (up ¥14.372 billion year on year, or 204.2%), due mainly to the newly consolidated subsidiaries in Italy and Spain and firm sales by the Hungarian subsidiary. On the earnings side, although the Hungarian subsidiary's performance improved, the company reported an operating loss of ¥569 million, compared with an operating loss of ¥209 million in the same period of the previous year, partly due to lower production in Spain and higher start-up costs for the new plant in the Czech Republic.」
European revenue increased 204.2% following the newly consolidated subsidiaries in Italy and Spain, while the operating loss widened from ¥209 million to ¥569 million due to lower production in Spain and start-up costs for the new Czech plant, among other factors. - FY2017-Q3Europe's return to an operating loss and the addition of the South America segmentAnnual report
「In Europe, revenue was ¥16.390 billion (up ¥10.754 billion year on year, or 190.8%), mainly due to firm sales by the Hungarian subsidiary and the newly consolidated subsidiaries in Italy and Spain. On the earnings side, despite efforts to reduce costs and improve productivity, the company reported an operating loss of ¥226 million, compared with an operating loss of ¥38 million in the same period of the previous year.」
European revenue increased 190.8% following the recognition of revenue from newly consolidated subsidiaries, while the operating loss widened from ¥38 million in the same period of the previous year to ¥226 million. In addition, a South America segment was newly established following the consolidation of the Brazilian subsidiary. - FY2017-Q2Coexistence of a return to operating profitability in Europe and deteriorating performance in North AmericaAnnual report
「In Europe, revenue was ¥10.561 billion (up ¥6.820 billion year on year, or 182.4%), mainly due to firm sales by the Hungarian subsidiary and the newly consolidated subsidiaries in Italy and Spain. Operating profit was ¥119 million, compared with an operating loss of ¥36 million in the same period of the previous year.」
European revenue increased 182.4% following the recognition of revenue from newly consolidated subsidiaries, and the region turned from an operating loss to operating profitability. In North America, however, revenue and operating profit declined due to sluggish sales and lower translated amounts caused by the stronger yen. - FY2017-Q1Providing more detail on European consolidation and the resulting lossAnnual report
「Revenue was ¥4.053 billion (up ¥2.265 billion year on year, or 126.7%), mainly due to the newly consolidated subsidiaries in Italy and Spain. On the earnings side, the company reported an operating loss of ¥68 million, compared with operating profit of ¥0 million in the same period of the previous year, due to higher costs associated with winning new orders, among other factors.」
The note provides more detail on both regional progress and deterioration: European revenue rose significantly following the newly consolidated Italian and Spanish subsidiaries, while higher costs associated with winning new orders resulted in an operating loss. - FY2016Providing more detail on regional performanceAnnual report
「In China, revenue was ¥49.679 billion (up ¥778 million year on year, or 1.6%), mainly due to increased sales to local automakers.」
The increase in revenue and operating profit in China, the increase in operating profit at the South Korean subsidiary, and the increase in European revenue following the start of mass production are described in detail. However, the European operating loss widened from ¥147 million to ¥209 million, indicating both progress and deterioration across regions. - FY2016-Q3First statedAnnual report
「Sales remained firm, mainly in China, South Korea and Europe」
The note cites increased sales to local automakers in China, strong performance by the subsidiary in South Korea, and the start of mass production at the Hungarian subsidiary in Europe.