Technology and product development risks associated with CASE and electrification
First written in FY2021. 2 of 3 entries say "Restated". Latest entry: FY2023.
2 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The automotive industry, including component manufacturers, has entered a major period of transformation through the introduction of technologies related to CASE (connectivity, autonomous driving, shared mobility and services, and electrification).」
The disclosure continues to address competitive risks in technology and product development arising from CASE and electrification. - FY2022RestatedAnnual report
「In response to this transformation, 三井屋工業株式会社 and 佐藤工業株式会社, within the group, are conducting research and development aimed at in-house production of components widely used in electrified vehicles, including EVs. However, sales may decline as a result of competitors developing new technologies and reduced cost competitiveness caused by the loss of technological novelty during development as market needs change.」
While advancing research and development of components for electrified vehicles in response to CASE and electrification, development risks arising from technological competition and market changes continue. - FY2021First statedAnnual report
「The automotive industry, including component manufacturers, has entered a major period of transformation through the introduction of technologies related to CASE (connectivity, autonomous driving, shared mobility and services, and electrification).」
The disclosure states that the competitiveness and sales of products under development may decline as a result of competitors' new technologies and changes in market needs.