Changes in Product Characteristics Driven by EV Adoption, Autonomous Driving and Other Trends
First written in FY2018. 4 of 9 entries say "Reframed", first in FY2019. Latest entry: 2026-10-28.
Fuji Oozx moved to the "Worse" side of this theme in 2019, 3 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 12 of 30 companies on the "Worse" side.
1 other company's latest entry also says "Softened".
- 2026-10-28SoftenedGovernance
「市場の縮小トレンドにはありますが非常に緩やかな進行となっています。」
電動化に伴うエンジンバルブ市場縮小の見通しについて、地域差を踏まえ、当初想定より進行が緩やかであると記載している。 - FY2026ReframedAnnual report
「If electrification accelerates faster than anticipated and production of internal-combustion-engine vehicles declines substantially, demand for the Group's core products could decrease, causing a significant decline in revenue and profitability and potentially having a material impact on the Group's operating results and financial position.」
The conventional issue of EV adoption and changing product characteristics was clarified as the risk of lower production of internal-combustion-engine vehicles, reduced demand for core products and lower profitability resulting from accelerated electrification. The business restructuring division and M&A were presented as responses. - 2026-05-13Cited as achievedRevision to earnings forecast
「国内市場においてもハイブリッド車向けエンジンバルブ等の受注が好調に推移したことにより、前期実績を上回りました。」
ハイブリッド車向けエンジンバルブの受注好調が実績として引用された。EV化・HV化による商品特性変化のリスク全体が解消されたとの記載ではない。 - FY2024Slower EV expansion and growing hybrid vehicle sales noted togetherAnnual report
「Meanwhile, the global expansion of EV adoption has recently slowed. Various reasons have been cited, including the withdrawal of subsidies, insufficient infrastructure and market saturation among affluent consumers. Instead, sales of hybrid vehicles, viewed as environmentally friendly vehicles, have been growing.」
While maintaining the risk associated with the transition to EVs and hybrid vehicles, the Company identified the recent slowdown in EV expansion and growth in hybrid vehicle sales as new business-environment factors. - FY2023WorsenedAnnual report
「Meanwhile, the automotive industry itself, including vehicles powered by engines, is facing a wide range of changes as it moves toward a new era. These include the global acceleration of EV and hybrid vehicle adoption, responses to environmental issues such as CO2 emissions and carbon neutrality, responses to new-energy issues such as biofuels, and the shift toward digitalisation and automation.」
The Company continued to identify transformation in the automotive industry, including the accelerating adoption of EVs and hybrid vehicles, as a risk of changing product characteristics due to EVs and autonomous driving, while indicating the scope of its response to environmental issues, new energy, digitalisation and automation. - FY2022ReframedAnnual report
「However, the spread of electric vehicles and other technologies poses a risk that the number of vehicles using engines will decline substantially, reducing sales and placing the Group's management under pressure.」
The conventional issue of changing product characteristics due to EV adoption was specified as the risk of lower sales and deteriorating Group performance resulting from a decline in engine-powered vehicles. Establishing a business restructuring division and considering new businesses and M&A were identified as responses. - FY2021ReframedAnnual report
「The transition to electric vehicles is being promoted as a response to carbon neutrality declared as a national goal, but under the current power-generation mix, electric vehicles are not CO2-free. In many regions, including Japan, life-cycle CO2 emissions from electric vehicles exceed those from gasoline- and diesel-powered vehicles.」
The Company reframed the conventional technology-change risk centred on EV adoption as a decarbonisation challenge encompassing carbon neutrality, LCA, e-fuels and hydrogen engines. - FY2019Reframing technological transformation as electrification, digitalisation and AI adoptionAnnual report
「The automotive industry is also undergoing major changes, including electrification, digitalisation and AI adoption,」
While FY2018 referred to EVs, autonomous driving and connected vehicles, FY2019 characterised industry transformation in terms of electrification, digitalisation and AI adoption. - FY2018First statedAnnual report
「However, challenging conditions are approaching, including China's policy promoting EV adoption and a potential future European ban on diesel vehicle sales. In addition, as companies are expected to pursue mergers and alliances beyond the existing industry framework through the development of autonomous driving and connected vehicles as well as EVs, the product characteristics required of the Company are expected to change significantly.」
The Company first identified the possibility that EV adoption policies, a future European ban on diesel vehicle sales, and the development of autonomous and connected vehicles could change the automotive industry's structure and the product characteristics required of the Company as a standalone business-environment issue.