Contraction in the export market from Japan due to overseas local production by vehicle manufacturers
First written in FY2020. 1 of 2 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 5 of 7 companies on the "Worse" side.
1 other company's latest entry also says "Restated".
- FY2024RestatedAnnual report
「Although the increase in overseas local production by vehicle manufacturers is expected to reduce the Company’s exports, the Group will pursue opportunities by leveraging the procurement and supply networks of its overseas subsidiaries.」
Continued response to the risk of lower exports from Japan due to overseas local production by vehicle manufacturers by using the procurement and supply networks of overseas subsidiaries. - FY2020First statedAnnual report
「The Group exports aftermarket automotive parts and other products from Japan to overseas markets for Japanese vehicles. As Japanese vehicle manufacturers expand local production overseas, local parts procurement and local production by parts manufacturers are expected to increase, while the export market from Japan contracts, creating a risk to the Group’s performance. To mitigate this risk, the Group is using overseas subsidiaries to build local procurement and supply networks.」
For the first time, separately disclosed the risk that overseas local production by vehicle manufacturers would shrink the export market for aftermarket parts from Japan, together with the response of building local procurement and supply networks through overseas subsidiaries.