Impact of Automaker Certification Issues on Production and Orders
First written in FY2024-Q3. 1 of 4 entries say "Materialised", first in FY2025-H1. Latest entry: FY2026.
The whole theme swung hardest in 2024: 5 of 14 companies on the "Worse" side.
1 other company's latest entry also says "Dropped".
- FY2026DroppedAnnual report
「In the automotive industry to which our group belongs, although automobile demand has remained stable, the outlook remains uncertain due to changes in market conditions in China, the impact of U.S. tariff measures, and increased supply risks arising from the situation in the Middle East.」
The automakers' certification issues reported through the previous filing are not explicitly identified in the current filing's operating environment or business risks. The focus has shifted to tariffs, the Chinese market and conditions in the Middle East, among other matters. - FY2025MitigatedAnnual report
「In the automotive industry to which our group belongs, production cuts caused by certification issues had largely subsided toward the end of the fiscal year. However, high raw-material and energy prices and rising labor costs have continued, while sales by Japanese automakers in the Chinese market have also declined, leaving the outlook uncertain.」
Although production cuts caused by certification issues had materialized in the previous fiscal year, the company states that they had largely subsided toward the end of the current fiscal year. The impact of certification issues on production has therefore begun to ease. - FY2025-H1MaterialisedAnnual report
「The situation remains uncertain, due to continued high raw material and energy prices, rising labor costs, production cuts caused by certification issues and natural disasters, and declining sales by Japanese automobile manufacturers in the Chinese market.」
The previous filing identified the impact of certification issues as a concern, whereas this filing describes production cuts caused by certification issues and other factors as an actual industry condition. The impact of automakers' certification issues on production has thus materialized. - FY2024-Q3First statedAnnual report
「Although parts-supply constraints caused by semiconductor shortages have eased and automotive production is recovering, concerns remain over the impact of certification issues.」
While automotive production is recovering, the company has for the first time explicitly identified the possibility that certification issues in the automotive industry could affect production, orders and other areas as a new risk factor.