Challenging Conditions in the Domestic Automobile Market and Impact of Fuel Economy Misconduct
First written in FY2017-Q1. 8 of 20 entries say "Mitigated", first in FY2017-Q3. Latest entry: FY2025.
Yorozu moved to the "Worse" side of this theme in 2025, 6 years after the typical company in this theme (2019).
The whole theme swung hardest in 2025: 3 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- FY2025WorsenedAnnual report
「Revenue decreased 11.6% year on year to ¥59,799 million due to a decline in production volume and other factors.」
In the Japan segment, revenue declined 11.6% year on year due to a decline in production volume, reflecting weakening conditions in the domestic business environment. - FY2023MitigatedAnnual report
「Revenue increased 35.8% year on year to ¥50,897 million, due to an increase in production volume as well as higher steel prices, increased royalty income, and other factors.」
In the domestic segment, revenue increased 35.8% year on year due to an increase in production volume and other factors, reflecting an improvement from the previously weak domestic market and the impact of the pandemic. - FY2022-Q2MitigatedAnnual report
「In the automotive industry related to the Group, production and sales in Japan and Asia exceeded the level of the same period of the previous year, when the spread of COVID-19 had a significant impact on all automakers.」
In the automotive market, including Japan, production and sales exceeded the levels of the same period of the previous year, which was heavily affected by the pandemic, indicating an improvement from the previously difficult conditions. - FY2021-Q3WorsenedAnnual report
「A state of emergency was declared again from the beginning of the year, and business activity was affected by travel restrictions, voluntary restraints on business activities, and other measures. Economic conditions in Japan remained weak.」
The state of emergency was declared again, and the impact on business activity from travel restrictions, voluntary restraints on business activities, and other measures continued. The disclosure stated that economic conditions in Japan remained weak. - FY2021-Q2MitigatedAnnual report
「Although the state of emergency had been lifted, business activity in Japan was significantly affected by travel restrictions, voluntary restraints on business activities, and other measures, and economic conditions remained weak.」
The lifting of the state of emergency was noted, and the description changed from "extremely weak" in the previous quarter to "weak." Meanwhile, the significant impact on business activity from travel restrictions and voluntary restraints on business activities continued. - FY2021-Q1WorsenedAnnual report
「In Japan, business activity was significantly affected by requests to refrain from nonessential and nonurgent outings under the state of emergency declared to prevent the spread of COVID-19, travel restrictions, voluntary restraints on business activities, and other measures. Economic conditions remained extremely weak.」
For the domestic market and economy, the disclosure cited the significant impact on business activity of COVID-19, the state of emergency, restrictions on outings and business activities, and other factors, as well as extremely weak economic conditions. - FY2020-Q3WorsenedAnnual report
「Although production in Japan was broadly flat overall, sales shifted toward a slowdown due to the impact of the consumption-tax increase from October 2019. Unit volumes of production and sales also continued to vary among automakers.」
The disclosure stated that production was broadly flat, while sales shifted toward a slowdown due to the impact of the consumption-tax increase in October 2019. - FY2020-Q2MitigatedAnnual report
「Although production and sales in Japan were broadly strong overall, unit volumes varied among automakers.」
The domestic market was considered broadly strong overall in terms of production and sales, reaffirming the improving trend from difficult conditions. The disclosure also noted differences in unit volumes among automakers. - FY2020-Q1MitigatedAnnual report
「In Japan, production remained strong, while sales were broadly flat.」
The disclosure described strong production and broadly flat sales in Japan, an improvement in the production-related description from the previous period's broadly flat production and sales. - FY2019Production and sales broadly flatAnnual report
「Despite various natural disasters, both production and sales in Japan were broadly flat.」
The description of the domestic market changed from strong sales and declining production through the previous quarter to full-year conditions in which both production and sales were broadly flat. - FY2019-Q3Strong sales, declining productionAnnual report
「In Japan, sales were strong, but production declined, leaving overall conditions broadly flat.」
The domestic market gained the positive factor of strong sales, while production declined, resulting in an overall description of flat conditions. - FY2019-Q2WorsenedAnnual report
「In Japan, exports edged up and new-vehicle sales were flat, while production edged down.」
New-vehicle sales remained flat, while production changed from flat in the previous quarter to a slight decline. - FY2019-Q1WorsenedAnnual report
「In Japan, new-vehicle sales struggled, but production was flat, supported by an increase in exports.」
The disclosure cited sluggish new-vehicle sales and flat production in the domestic market, adding weaker elements to the previous quarter's description of solid conditions. - FY2018-Q3WorsenedAnnual report
「The domestic market was solid overall, supported by an increase in new-vehicle sales and other factors, but production and sales declined from October onward in some areas due to the impact of the issue involving inspections by unqualified personnel.」
While describing the domestic market as solid overall, the disclosure newly specified a decline in production and sales from October onward due to the issue involving inspections by unqualified personnel. - FY2018-Q2RestatedAnnual report
「The domestic market remained solid, supported by an increase in new-vehicle sales and other factors.」
The disclosure continues to describe the domestic market as solid, underpinned by an increase in new-vehicle sales. - FY2018-Q1MitigatedAnnual report
「The domestic market remained strong, supported by an increase in new-vehicle sales and other factors.」
The description of the domestic market changed from the difficult conditions cited previously to strong performance driven by an increase in new-vehicle sales. - FY2017MitigatedAnnual report
「Japan's new-vehicle sales in fiscal 2016 were significantly affected by the 2015 increase in the tax on kei cars. Kei-car sales declined for the third consecutive year, but strong sales of registered vehicles brought total sales back to 5 million units for the first time in 2 years.」
Although kei-car sales continued to decline in the domestic market, strong sales of registered vehicles brought new-vehicle sales back to 5 million units for the first time in 2 years. Fuel-economy fraud was not mentioned. - FY2017-Q3MitigatedAnnual report
「There were also signs of improvement in the domestic market.」
The description of the domestic market changed from difficult conditions through the previous period to one indicating signs of improvement. Fuel-economy fraud was not mentioned either. - FY2017-Q2SoftenedAnnual report
「The domestic market remained difficult due in part to the decline in front-loaded demand resulting from the postponement of a consumption-tax increase.」
Although difficult conditions continued in the domestic market, the impact of fuel-economy fraud, which had been explicitly cited previously, was not mentioned this time; the factors were instead summarized as including a decline in front-loaded demand. - FY2017-Q1MaterialisedAnnual report
「The domestic market remained difficult due to factors including a decline in front-loaded demand resulting from the postponement of a consumption-tax increase and the impact of fuel-economy fraud.」
The domestic market environment specifically cited a decline in front-loaded demand and the impact of fuel-economy fraud.