Global Economic Downturn and Declining Automotive Demand

「Overseas, in addition to sharp fluctuations in resource and energy prices due to the situation in the Middle East, the global economy has become unstable and difficult to forecast due to the impact of U.S. trade policies, the stagnation of domestic demand in China, and other factors.」

「Although domestic automobile demand in the automotive industry in which the Group operates has remained firm, uncertainty about the outlook continues due to changes in the market environment in China, the impact of US tariff measures and the prolonged geopolitical risks.」

「In the automotive industry to which our group belongs, although domestic automobile demand has remained firm, the outlook remains uncertain due to changes in market conditions in China, the impact of U.S. tariff measures, and the prolonged impact of the situation in the Middle East.」

「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.」

「Overseas, uncertainty surrounding the outlook for the global economy has increased further due to the stagnation of China's economy, prolonged regional conflicts in Europe and the Middle East, and the impact of US tariff policies, among other factors. In the automotive industry to which our group belongs, domestic automotive production is recovering, but the outlook remains uncertain due to sluggish sales of Japanese vehicles in the Chinese market and increased costs resulting from US tariff measures.」

「Going forward, the global economy is expected to remain uncertain, as the impact of US tariffs disrupts the trend toward global division of labor and protectionist policies raise concerns about an economic downturn. Declines in exports and capital investment and prolonged regional conflicts are also expected.」

「In the automotive industry to which our group belongs, raw-material and energy prices remain elevated and labor costs continue to rise, while production cuts due to certification issues, natural disasters and other factors, as well as declining sales by Japanese automakers in the Chinese market, have left the outlook uncertain.」

「In the automotive industry to which our group belongs, parts supply constraints caused by semiconductor shortages have eased and automotive production is recovering, but concerns have arisen over the impact of certification issues. The outlook remains uncertain due to persistently high raw-material and energy prices, soaring labor costs and the delayed recovery in sales by Japanese automakers in China.」

「In the automotive industry to which our group belongs, parts supply constraints caused by semiconductor shortages have eased and automotive production is recovering, but the outlook remains uncertain due to persistently high raw-material and energy prices, soaring labor costs and the delayed recovery in sales by Japanese automakers in China.」

「In the automotive industry to which our group belongs, parts supply constraints caused by semiconductor shortages are gradually easing and automotive production is recovering, but the outlook remains uncertain due to persistently high raw-material and energy prices and the delayed recovery in sales by Japanese automakers in China.」

「In the automotive industry to which our group belongs, disruptions to supply chains caused by China's COVID-19 policies are easing, but production adjustments due to parts shortages, including tight semiconductor supply and demand, and continued increases in raw-material, energy and transportation costs have left the outlook uncertain.」

「In the automotive industry to which our group belongs, production cuts due to parts supply constraints caused by semiconductor shortages and the Shanghai lockdown have continued, as have soaring raw-material prices and transportation costs, leaving the outlook uncertain.」

「In the automotive industry to which our group belongs, production has declined due to the impact of semiconductor shortages and parts supply constraints associated with the spread of infections, while rising raw-material prices and continued disruption to logistics networks have left the outlook uncertain.」

「During the 3rd quarter cumulative consolidated period, Japan's economy showed signs of recovery due to the widespread rollout of vaccinations and the effects of economic measures, but has recently been forced to slow as infections surged due to a new variant.」

「In the automotive industry to which our group belongs, production has declined due to semiconductor shortages and disruptions in parts supplies from Southeast Asia, while rising raw-material prices and logistics costs have left the outlook uncertain.」

「In the automotive industry to which our group belongs, demand is generally recovering, but concerns over parts supplies caused by the global semiconductor shortage and the renewed spread of infections are constraining the recovery in production.」

「In the automotive industry to which our group belongs, both production and sales declined, including temporary production stoppages worldwide in response to the spread of infections, but conditions normalized earliest in China and other regions followed a recovery trend from the summer onward.」

「In the automotive industry in which our group operates, automobile production was temporarily suspended or reduced around the world, but normalization progressed rapidly in China, and recovery trends have emerged in other regions since the summer.」

「Automotive production stopped or declined worldwide as infections spread, and sales also fell, but the decline in automotive production appears to have bottomed out and is steadily recovering, although there is some variation by region and vehicle type.」

「In the automotive industry in which our group operates, automobile production was suspended or reduced in locations around the world due to the impact of the spread of infection, and both production and sales declined significantly from the same period of the previous year.」

「In the automotive industry to which our group belongs, domestic new-vehicle sales fell below the previous year, as did demand in the US and China.」

「In the automotive industry to which our group belongs, domestic new-vehicle sales fell below the previous year's level for the first time in 3 years, while demand in the US and China also fell below the previous year.」

「Domestic demand remained firm, partly due to the effects of new models, but overseas, the decline in US passenger-car sales continued and demand in China fell below the same quarter of the previous year.」

「In the automotive industry to which our group belongs, domestic demand remained firm, but overseas, the decline in US passenger-car sales continued and demand in China fell below the same quarter of the previous year.」

「Overseas, demand in China, which had continued to grow, has shifted to a decline, while in the US, overall automotive demand remains firm but passenger-car demand is trending lower.」

「In the automotive industry to which the company group belongs, domestic sales remained firm, centered on kei vehicles, although production volume declined from the same period of the previous year. Overseas, passenger-car sales declined in the United States, and demand in China is also showing signs of slowing.」

「Overseas, U.S. passenger-car sales declined, while demand remained weak in China against the backdrop of the termination of tax breaks and other measures for small vehicles.」

「Overseas, U.S. passenger-car sales declined, while demand growth in China slowed against the backdrop of reduced tax breaks and other measures for small vehicles.」

「Overseas, U.S. passenger-car sales declined, while demand growth in China slowed against the backdrop of reduced tax breaks and other measures for small vehicles.」

「Overseas, U.S. new-vehicle sales weakened, while demand growth in China slowed against the backdrop of reduced tax breaks and other measures for small vehicles.」

「Overseas, U.S. sales weakened, while demand growth in China slowed against the backdrop of reduced tax breaks and other measures for small vehicles.」

「Demand remained firm in China, supported by tax breaks and other measures for small vehicles, while signs of weakness emerged in U.S. sales. In Japan, production and sales were both slightly above the previous fiscal year.」

「Although sales of kei vehicles declined in Japan, total automotive sales were at about the same level as in the previous fiscal year.」

「In Japan, sales volumes remained below the previous year as recovery from the impact of the higher tax on kei vehicles failed to progress.」

「In Japan, production and sales volumes both fell below the previous year amid the continuing impact of the higher tax on kei vehicles, as well as the Kumamoto earthquake and the fuel-economy falsification issue.」

「If a sharp economic downturn exceeding forecasts or an associated contraction in automotive demand occurs in major markets worldwide, it could affect the business results and other aspects of the company group.」