Reliance on the Automotive Industry and Automotive Production Trends
First written in FY2016. 15 of 32 entries say "Restated". Latest entry: 2026-08-06.
Murakami moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 10 of 19 companies on the "Worse" side.
3 other companies' latest entry also says "Materialised".
- 2026-08-06MaterialisedEarnings
「Operating profit was ¥321 million, down ¥44 million, or 12.1%, from the first quarter of the previous fiscal year, due to increased investment for the future and a higher materials cost ratio resulting from soaring purchase prices and the impact of the weaker yen on imported parts.」
Although unit sales of automotive rearview mirrors increased, operating profit declined in Japan because of the higher materials cost ratio. Earnings volatility related to dependence on the automotive industry was reflected in quarterly results. - FY2026WorsenedAnnual report
「Products for the automotive industry account for more than 90% of the Group’s net sales, and the Group’s business activities and performance are affected by developments in the automotive industry, including fluctuations in vehicle production. As competition in automobile sales intensifies worldwide, component manufacturers, including the Group, are also required to reduce costs. Failure to respond to requests for price reductions, or an inability to compete effectively on price, could lead to lower profitability and have a significant effect on the Group’s business activities and performance. In addition, changes in the geopolitical environment, including in the Middle East, may prompt automotive manufacturers to revise production plans or adjust production, potentially causing fluctuations in the Group’s production volumes.」
In addition to dependence on products for the automotive industry, which account for more than 90% of net sales, the Group has identified the risk of lower profitability resulting from requests for price reductions and insufficient price competitiveness, as well as the risk of production-plan changes due to geopolitical conditions, including in the Middle East. - 2026-06-04MitigatedGeneral Meetings of Shareholders
「Under these circumstances, the number of automotive rearview mirrors sold by the Group as a whole was at the same level as in the previous year.」
This describes the business impact of dependence on automobile production trends, but does not indicate that the risk itself has disappeared. - FY2026-H1MitigatedAnnual report
「During the current interim consolidated accounting period, sales volumes of automotive rearview mirrors increased from the previous year, which was affected by production-line stoppages stemming from certification misconduct issues. Net sales consequently increased by ¥1,407 million, or 2.7%, from the previous interim consolidated accounting period to ¥54,385 million.」
Compared with the impact of production-line stoppages stemming from an automotive manufacturer’s certification misconduct issues in the previous year, rearview mirror sales volumes increased and net sales rose 2.7% year on year. - FY2025-H1MaterialisedAnnual report
「As a result of lower sales of automotive rearview mirrors and other products due to production-line stoppages stemming from the automotive manufacturers’ certification misconduct issues, net sales decreased by ¥982 million, or 3.8%, from the previous interim consolidated accounting period to ¥24,608 million.」
The existing risk of dependence on the automotive industry and automotive production trends materialized in actual results through production-line stoppages stemming from automotive manufacturers’ certification misconduct issues and a 3.8% year-on-year decline in sales in Japan. - 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 production cuts related to dependence on automotive production trends eased, and sales of rear-view 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 production cuts by automakers caused by shortages of semiconductor components and other factors showed signs of easing, and sales of rear-view mirrors and other products increased 16.4% year on year. - FY2023-Q3MaterialisedAnnual report
「During the first nine months of the current fiscal year, sales increased by ¥15,642 million, or 29.4%, year on year to ¥68,833 million. This was despite the impact of production cuts by automakers caused by shortages of semiconductor components and other factors, as sales of automotive rear-view mirrors and other products increased following the conversion of 株式会社村上開明堂東日本 into a subsidiary from the first quarter, together with the impact of foreign currency translation.」
Dependence on the automotive industry and automotive production trends continued to appear in the explanation of performance as production cuts by automakers caused by shortages of semiconductor components and other factors. Meanwhile, consolidated sales increased due to the effects of the subsidiary conversion and foreign currency translation. - FY2023-Q2MaterialisedAnnual report
「During the first six months of the current fiscal year, sales increased by ¥8,065 million, or 22.4%, year on year to ¥44,003 million. This was despite the impact of production cuts by automakers caused by shortages of semiconductor components and other factors, as sales of automotive rear-view mirrors and other products increased following the conversion of 株式会社村上開明堂東日本 into a subsidiary from the first quarter, together with the impact of foreign currency translation.」
Production cuts by automakers affected performance through shortages of semiconductor components, and dependence on automotive production trends continued to be reflected in the explanation of actual performance. Meanwhile, consolidated sales increased due to the effects of the subsidiary conversion and foreign currency translation. - FY2023-Q1MaterialisedAnnual report
「During the first three months of the current fiscal year, sales increased by ¥1,977 million, or 10.4%, year on year to ¥20,906 million. This was despite the impact of production cuts by automakers caused by shortages of semiconductor components and other factors, as sales of automotive rear-view mirrors and other products increased following the acquisition of a business and the conversion of 株式会社村上開明堂東日本 into a subsidiary from the current fiscal year's first quarter.」
Production cuts by automakers affected performance through shortages of semiconductor components, demonstrating the impact of dependence on automotive production trends on actual performance. - FY2022-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no new business risks and no material changes to the business risks described in the previous fiscal year's securities report.」
The company states that there have been no new developments or significant changes in existing business risks, including dependence on the automotive industry and automotive production trends. - FY2022-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, there were no new business risks or material changes to the business risks described in the previous fiscal year's Annual Securities Report.」
The company states that there have been no new developments or significant changes in existing business risks, including dependence on the automotive industry and automotive production trends. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new developments or significant changes in existing business risks, including dependence on the automotive industry and automotive production trends. - FY2021WorsenedAnnual report
「Products for the automotive industry account for more than 90% of our group's sales, and our group's business activities and performance are affected in part by trends in the automotive industry, including fluctuations in automobile production volumes. In addition, as competition in automobile sales intensifies worldwide, component manufacturers, including our group, are being required to respond by reducing costs.」
The company changed its description of automotive industry sales from approximately 90% to more than 90% of sales, and specified intensifying sales competition, demands for price reductions, and deteriorating profitability resulting from efforts to reduce costs as risk factors. - FY2021-Q3MaterialisedAnnual report
「During the first nine months of the current fiscal year, sales declined by ¥5,366 million, or 9.5%, year on year to ¥51,385 million, as lower sales volumes of the group's core automotive rear-view mirrors through the second quarter due to the spread of COVID-19 weighed on all segments.」
The existing risk of dependence on the automotive industry and automotive production trends continued to be reflected in performance as the spread of COVID-19 caused sales volumes to decline across all segments and revenue to fall 9.5%. - FY2021-Q2MaterialisedAnnual report
「During the first six months of the current fiscal year, sales declined by ¥7,717 million, or 20.4%, year on year to ¥30,096 million, as the spread of COVID-19 led to a substantial decrease in automotive rear-view mirror sales volumes across all segments.」
The existing risk of dependence on the automotive industry and automotive production trends was reflected in actual performance as the spread of COVID-19 caused sales volumes to decline across all segments and revenue to fall 20.4%. - FY2021-Q1MaterialisedAnnual report
「During the first three months of the current fiscal year, sales declined by ¥4,222 million, or 22.9%, year on year to ¥14,257 million, as the spread of COVID-19 led mainly to a substantial decrease in the sales volume of automotive rear-view mirrors in Japan.」
The existing risk of dependence on the automotive industry and automotive production trends was reflected in actual performance as the spread of COVID-19 caused declines in sales volume and revenue. - FY2020-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no new business risks and no material changes to the business risks described in the previous fiscal year's securities report.」
The company states that there have been no new developments or significant changes in existing business risks, including dependence on the automotive industry and automotive production trends. - FY2020-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, there were no new business risks or material changes to the business risks described in the previous fiscal year's Annual Securities Report.」
The company states that there have been no new developments or significant changes in existing business risks, including dependence on the automotive industry and automotive production trends. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new developments or significant changes in existing business risks, including dependence on the automotive industry and automotive production trends. - FY2019WorsenedAnnual report
「Regarding the future economic outlook, global economic growth in 2019 is expected to be lower than in the previous year because of concerns over US-China trade friction and the UK's withdrawal from the EU. In the automotive industry, there are concerns about a decline in pent-up demand for automobile purchases in Japan following the consumption tax increase, while in China, the world's largest market, automobile sales are also expected to fall slightly below the previous year. Global demand growth is therefore expected to slow.」
In addition to the existing risk of dependence on the automotive industry and automotive production trends, specific factors that could worsen the demand environment were identified, including US-China trade friction, the UK's withdrawal from the EU, a decline in pent-up demand following the consumption tax increase, and slower automobile sales in China. - FY2019-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no new business risks and no material changes to the business risks described in the previous fiscal year's securities report.」
The company states that there have been no new developments or significant changes in existing business risks, including dependence on the automotive industry and automotive production trends. - FY2019-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, there were no new business risks or material changes to the business risks described in the previous fiscal year's Annual Securities Report.」
The company states that there have been no new developments or significant changes in existing business risks, including dependence on the automotive industry and automotive production trends. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new developments or significant changes in existing business risks, including dependence on the automotive industry and automotive production trends. - FY2018-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no new business risks and no material changes to the business risks described in the previous fiscal year's securities report.」
The company states that there have been no new developments or significant changes in existing business risks, including dependence on the automotive industry and automotive production trends. - FY2018-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, there were no new business risks or material changes to the business risks described in the previous fiscal year's Annual Securities Report.」
The company states that there have been no new developments or significant changes in existing business risks, including dependence on the automotive industry and automotive production trends. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new developments or significant changes in existing business risks, including dependence on the automotive industry and automotive production trends. - FY2017RestatedAnnual report
「Approximately 90% of our group's total sales are generated from customers in the automotive and automotive parts industries, and our business is affected by automotive production and sales.」
The company restates its dependence on automotive industry sales and identifies the shift of production overseas, intensifying competition, pressure to reduce procurement costs, and demands for high quality, on-time delivery and lower costs as risk factors. - FY2017-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no new business risks and no material changes to the business risks described in the previous fiscal year's securities report.」
The company states that there have been no new developments or significant changes in existing business risks, including dependence on the automotive industry and automotive production trends. - FY2017-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, there were no new business risks or material changes to the business risks described in the previous fiscal year's Annual Securities Report.」
The company states that there have been no new developments or significant changes in existing business risks, including dependence on the automotive industry and automotive production trends. - FY2016First statedAnnual report
「Approximately 90% of our group's total sales are generated from customers in the automotive and automotive parts industries, and our business is affected by automotive production and sales.」
The company explicitly identifies the fact that approximately 90% of sales are generated from the automotive and automotive parts industries as a factor that may cause fluctuations in performance.