Substitution of clutch products and the transition to vehicles without internal combustion engines
First written in FY2016. 23 of 29 entries say "Restated". Latest entry: FY2026.
F.C.C. moved to the "Worse" side of this theme in 2025.
The whole theme swung hardest in 2017: 1 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The greatest risk in the external and internal environments is expected to be a structural decline in revenue from the core clutch business resulting from tighter regulations on vehicles with internal combustion engines and changes in market values arising from climate-change issues.」
Regarding the risks of clutch substitution and the shift away from vehicles with internal combustion engines, the company explicitly identified a structural decline in revenue from the core clutch business as its greatest risk. - FY2026-H1MaterialisedAnnual report
「Despite increased sales of motorcycle clutches in India and China, revenue was ¥59,082 million, down 0.1% year on year, due in part to restrained purchases of gasoline-powered motorcycles in Vietnam following regulatory measures and the appreciation of the yen.」
The company states that regulations governing gasoline-powered motorcycles with internal combustion engines affected actual sales and revenue in Vietnam as customers deferred purchases. - FY2025-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.」
The company states that there have been no material changes to existing risks, including the substitution of clutch products and the shift to vehicles without internal combustion engines. - FY2024-Q3RestatedAnnual report
「During the nine-month period ended [the current third 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.」
The company states that there have been no material changes to existing risks, including the substitution of clutch products and the shift to vehicles without internal combustion engines. - FY2023RestatedAnnual report
「At present, the group's business is focused on clutch products. Clutch products are important functional components of the power transmission systems of automobiles, motorcycles and other vehicles powered by internal combustion engines, but they may become unnecessary as automobiles, motorcycles and other vehicles not powered by internal combustion engines become more widespread.」
The company continues to recognize the possibility that electrification will make clutch products unnecessary as a risk, and indicates a policy of responding through the development of new businesses, including electrification products, energy solutions and environmental purification. - FY2023-Q3RestatedAnnual report
「During the nine-month period ended [the current third 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.」
The company states that there have been no material changes to existing risks, including the substitution of clutch products and the shift to vehicles without internal combustion engines. - FY2023-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.」
The company states that there have been no material changes to existing risks, including the substitution of clutch products and the shift to vehicles without internal combustion engines. - FY2022-Q3RestatedAnnual report
「During the nine-month period ended [the current third 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.」
The company states that there have been no material changes to existing risks, including the substitution of clutch products and the shift to vehicles without internal combustion engines. - 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.」
The company states that there have been no material changes to existing risks, including the substitution of clutch products and the shift to vehicles without internal combustion engines. - FY2021WorsenedAnnual report
「In addition, technological innovation in the automotive industry, including CASE, comprising connected vehicles, autonomous driving, sharing and electrification, and MaaS (Mobility as a Service), is accelerating, and the industry is entering an era of major structural change extending beyond the automotive industry to other industries.」
The scope of the company's risk assessment has expanded to include accelerating technological innovation, including CASE and MaaS, as a structural change that could lead to clutch products being replaced or becoming unnecessary. - FY2021-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.」
The company states that there have been no material changes to existing risks related to the substitution of clutch products and the shift to vehicles without internal combustion engines. - FY2021-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.」
The company states that there have been no material changes to existing risks related to the substitution of clutch products and the shift to vehicles without internal combustion engines. - FY2020RestatedAnnual report
「The automotive industry is currently entering an era of major structural change. Views vary on the pace at which electric vehicles will become widespread, but growth in both motorcycle and four-wheel vehicle clutches is expected for the time being, and the company will respond by steadily advancing its existing businesses.」
The company continues to recognize the risk that the spread of electric vehicles will result in clutch products being replaced or becoming unnecessary, and describes a policy of responding by advancing its existing clutch business and developing new businesses. - FY2020-Q3RestatedAnnual report
「During the nine-month period ended [the current third 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.」
The company states that there have been no material changes to existing risks, including the substitution of clutch products and the shift to vehicles without internal combustion engines. - FY2020-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.」
The company states that there have been no material changes to existing risks, including the substitution of clutch products and the shift to vehicles without internal combustion engines. - FY2020-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.」
The company states that there have been no material changes to existing risks, including the substitution of clutch products and the shift to vehicles without internal combustion engines. - FY2019WorsenedAnnual report
「The automotive industry is entering an era of major structural change, including responses to fuel-efficiency regulations, advances in electrification and autonomous-driving technologies, and the spread of sharing services, although demand in both the motorcycle and four-wheel vehicle markets is expected to expand over the medium to long term.」
The company has broadened the scope of its risk assessment to include major structural changes, including autonomous-driving technologies and the spread of sharing services, in addition to existing electrification technologies. - FY2019-Q3RestatedAnnual report
「During the nine-month period ended [the current third 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.」
The company states that there have been no material changes to existing risks related to the substitution of clutch products and the shift to vehicles without internal combustion engines. - FY2019-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.」
The company states that there have been no material changes to existing risks related to the substitution of clutch products and the shift to vehicles without internal combustion engines. - FY2019-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.」
The company states that there have been no material changes to existing risks related to the substitution of clutch products and the shift to vehicles without internal combustion engines. - FY2018RestatedAnnual report
「In the automotive industry, demand in both the motorcycle and four-wheel vehicle markets is expected to expand over the medium to long term, but global competition, not only within the automotive industry but also across other industries, is expected to intensify further as companies respond to fuel-efficiency regulations and as electrification technologies advance.」
The company continues to recognize, in its description of the operating environment, the risk that fuel-efficiency regulations and advances in electrification technologies could lead to clutch products being replaced or becoming unnecessary. - FY2018-Q3RestatedAnnual report
「During the nine-month period ended [the current third 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.」
The company states that there have been no material changes to existing risks related to the substitution of clutch products and the shift to vehicles without internal combustion engines. - FY2018-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.」
The company states that there have been no material changes to existing risks related to the substitution of clutch products and the shift to vehicles without internal combustion engines. - FY2018-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.」
The company states that there have been no material changes to existing risks related to the substitution of clutch products and the shift to vehicles without internal combustion engines. - FY2017WorsenedAnnual report
「In the automotive industry, demand in both the motorcycle and four-wheel vehicle markets is expected to expand over the medium to long term, but global competition among parts manufacturers is expected to intensify further as they respond to fuel-efficiency regulations and as electrification technologies advance.」
In relation to existing risks associated with the shift to vehicles without internal combustion engines, compliance with fuel-efficiency regulations and advances in electrification technologies were identified as factors in the operating environment. - FY2017-Q3RestatedAnnual report
「During the nine-month period ended [the current third 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.」
The company states that there have been no material changes to existing risks, including the substitution of clutch products and the shift to vehicles without internal combustion engines. - FY2017-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.」
The company states that there have been no material changes to existing risks related to the substitution of clutch products and the shift to vehicles without internal combustion engines. - FY2017-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.」
The company states that there have been no material changes to existing risks, including the substitution of clutch products and the shift to vehicles without internal combustion engines. - FY2016First statedAnnual report
「There is no guarantee that substitute products for clutch products as functional components will not be developed and adopted in the future. In addition, next-generation automobiles, motorcycles and other vehicles not powered by internal combustion engines may not require clutch products as functional components of their power transmission systems.」
The company describes risks related to substitute products and next-generation vehicles arising from its focus on clutch products.