Impact of Semiconductor Supply Shortages on Production and Earnings
First written in FY2021. 6 of 12 entries say "Materialised", first in FY2021. Latest entry: FY2026-H1.
The whole theme swung hardest in 2022: 22 of 32 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
States that there have been no new developments or material changes in the existing risks related to the impact of semiconductor shortages on production and operating performance. - FY2024-Q3MitigatedAnnual report
「During the first nine months of the current fiscal year, sales increased by ¥10,604 million, or 15.4%, year on year to ¥79,437 million, as the impact of production cuts by automakers caused by shortages of semiconductor components and other factors eased, resulting in higher sales of automotive rear-view mirrors and other products.」
The impact of production cuts by automakers caused by shortages of semiconductor components and other factors eased, and sales of rear-view mirrors and other products increased 15.4% year on year. - FY2024-Q2MitigatedAnnual report
「During the first six months of the current fiscal year, sales increased by ¥7,661 million, or 17.4%, year on year to ¥51,665 million, as the impact of production cuts by automakers caused by shortages of semiconductor components and other factors eased, resulting in higher sales of automotive rear-view mirrors and other products.」
The impact of automakers’ production cuts caused by semiconductor part shortages and other factors diminished, and sales of rearview mirrors and other products increased 17.4% year on year. - FY2024-Q1MitigatedAnnual report
「During the first three months of the current fiscal year, sales increased by ¥3,427 million, or 16.4%, year on year to ¥24,333 million, as the impact of production cuts by automakers caused by shortages of semiconductor components and other factors showed signs of easing, resulting in higher sales of automotive rear-view mirrors and other products.」
The impact of automakers’ production cuts caused by semiconductor part shortages was on a downward trend, and sales of rearview mirrors and other products increased 16.4% year on year. - FY2023-Q3MaterialisedAnnual report
「③ North America Although sales volume for automotive rearview mirrors declined due to production cuts by automakers caused by semiconductor component shortages in the United States and Mexico, net sales increased by ¥2,748 million, or 23.1%, from the third quarter of the previous fiscal year to ¥14,631 million, due to the impact of foreign currency translation and other factors. Despite the impact of higher material prices and logistics costs, among other factors, operating profit amounted to ¥193 million due to the impact of foreign currency translation and other factors, resulting in profit at approximately the same level as in the third quarter of the previous fiscal year.」
Semiconductor part shortages continued to affect actual operating performance by causing automakers in the United States and Mexico to reduce production and sales volumes. Although net sales increased due to the foreign currency translation impact, material prices and logistics costs also rose. - FY2023-Q2MaterialisedAnnual report
「Although sales volume for automotive rearview mirrors declined due to production cuts by automakers caused by semiconductor component shortages in the United States and Mexico, net sales increased by ¥671 million, or 8.0%, from the second quarter of the previous fiscal year to ¥9,113 million, due to the impact of foreign currency translation. Operating profit amounted to ¥161 million, a decrease of ¥198 million, or 55.2%, from the second quarter of the previous fiscal year, due to higher material prices and logistics costs, among other factors.」
Semiconductor part shortages continued to affect actual operating performance by causing automakers in the United States and Mexico to reduce production and sales volumes. Higher material prices and logistics costs also reduced North American operating income by 55.2% year on year. - FY2023-Q1MaterialisedAnnual report
「Sales volume for automotive rearview mirrors declined, mainly due to the impact of production cuts by automakers caused by semiconductor component shortages, particularly in Mexico. As a result, net sales decreased by ¥197 million, or 4.5%, from the first quarter of the previous fiscal year, to ¥4,176 million. Operating profit amounted to ¥12 million, due to lower net sales in Mexico and higher labor and logistics costs in the United States, among other factors, a decrease of ¥250 million, or 95.2%, from the first quarter of the previous fiscal year.」
Semiconductor part shortages led automakers to reduce production, resulting in lower sales volumes in North America and an actual impact on operating performance, with net sales down 4.5% and operating income down 95.2%. - FY2022MaterialisedAnnual report
「In the fiscal year under review, all segments were affected by customer production cuts caused by the resurgence of COVID-19 and shortages of semiconductor components, but sales of the mainstay automotive rear-view mirrors were on a recovery trend, resulting in net sales of ¥73,595 million.」
States that semiconductor part shortages actually affected full-year operating performance by causing customers to reduce production. Meanwhile, sales were on a recovery trend. - FY2022-Q3MaterialisedAnnual report
「In the third-quarter cumulative period of the current fiscal year, although production cuts caused by the spread of COVID-19 and the semiconductor shortage had an impact, unit sales of the mainstay automotive rear-view mirrors increased compared with the third-quarter cumulative period of the previous fiscal year, resulting in net sales of ¥53,190 million.」
Semiconductor shortages were cited in the actual performance discussion as a factor behind production cuts. Meanwhile, sales volumes of the main products increased year on year. - FY2022-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
States that there have been no new developments or material changes in the existing business and other risks, including semiconductor shortages. - FY2022-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
States that there have been no new developments or material changes in the existing business and other risks, including semiconductor shortages. - FY2021MaterialisedAnnual report
「A semiconductor supply shortage emerged around the end of 2020, but its impact on the Group’s production and operating performance for the current fiscal year remained limited.」
States that the semiconductor supply shortage emerged at the end of 2020 and explains that its impact on production and operating performance for the current fiscal year was limited.