Transformation of the aftermarket market driven by vehicle digitalisation, autonomous driving and hybrid/EV adoption
First written in FY2018. 5 of 10 entries say "Worsened", first in FY2020. Latest entry: 2026-05-08.
No other company in this theme has enough history to compare yet.
- 2026-05-08WorsenedResults
「主要国における金融政策・通商政策の動向に加え、地政学的リスクの高まりとそれに関連するサプライチェーンへの多大なる影響などを背景に、先行きの不透明感が高まっております。」
通商政策、地政学的リスク、サプライチェーンへの影響による不透明感が継続して示された。 - FY2025RestatedAnnual report
「The automotive parts industry is undergoing major changes in the market environment as a result of environmental regulations, electrification and advances in autonomous-driving technology, which may affect the group's business performance.」
The company continued to disclose the risk of transformation in the aftermarket parts market driven by environmental regulations, electrification and autonomous-driving technology, citing the development of new products and expansion into new business areas as countermeasures. - FY2024WorsenedAnnual report
「As EV adoption and CASE progress, the number of parts is expected to fall to half or less, and the parts themselves are expected to change significantly. This is a major development for the company, which holds inventories of more than 30,000 parts even for domestically manufactured vehicles alone. In addition, carbon taxes and carbon pricing may accelerate these changes.」
In addition to the possibility that EVs and CASE could reduce the number of parts by half or more, carbon taxes and carbon pricing were identified as risks that could accelerate the changes. - FY2024-Q3Coexistence of rising demand for environmentally friendly and safety-related products and business-environment risksAnnual report
「Although the market and industry environment is challenging, with the North American and Japanese markets remaining relatively firm while the weak Chinese market is joined by a slowing European market, and with signs of production cuts and inventory adjustments emerging in large construction machinery and agricultural machinery, new demand from customers seeking to improve environmental and safety performance is increasing steadily.」
While risks including slowing Chinese and European markets, customer production cuts and inventory adjustments were identified, the company also disclosed increasing new demand for improved environmental and safety performance. - FY2024-Q2WorsenedAnnual report
「Looking toward the second half of the fiscal year, the operating environment is becoming more uncertain, with concerns over the Chinese economy, lower production at customers’ Chinese plants due to the acceleration of electrification in Europe, and lower production of engine-powered vehicles at European plants. Nevertheless, to meet the market’s continuing demand for improved environmental and safety performance, we will continue to work closely with our business partners to develop environmentally friendly and safety-related products and contribute to a decarbonized, autonomous-driving society.」
The business-environment risk associated with EV adoption and CASE became more specific, with accelerated electrification potentially leading to production cuts at customers' plants in China and Europe. - FY2023WorsenedAnnual report
「As EV adoption and CASE progress, the number of parts is expected to fall to half or less, and the parts themselves are expected to change significantly. This is a major development for the company, which holds inventories of more than 30,000 parts even for domestically manufactured vehicles alone.」
The market-transformation risk associated with EVs and CASE was specified as the possibility that the number of parts could fall to half or less and the resulting impact on inventories exceeding 30,000 parts. - FY2023-Q2RestatedAnnual report
「As efforts toward decarbonization and electrification, autonomous driving, and safe operations accelerate in global markets, we will continue developing products that improve environmental and safety performance.」
The company continued to recognise a market environment in which the transition to decarbonisation and electrification, autonomous driving and safe operations is accelerating. - FY2020WorsenedAnnual report
「The electrification of automobiles to address environmental issues is currently a global challenge. Electric vehicles are said to have fewer parts than conventional vehicles with reciprocating engines, such as gasoline- and diesel-engine vehicles. Accordingly, the spread of electric vehicles may shrink the market for replacement automotive parts and other products handled by the group, creating a risk of adversely affecting the group's business performance.」
The previously recognised structural changes caused by digitalisation, autonomous driving and hybrid/EV adoption were described more specifically as the risk of fewer parts per vehicle and contraction of the aftermarket parts market. - FY2019RestatedAnnual report
「However, the automotive aftermarket parts market, one of the group's main markets, is undergoing major changes driven by vehicle digitalisation, autonomous driving and hybrid/EV adoption, and the company recognises that the business environment is becoming increasingly challenging.」
The risk of structural changes in the aftermarket parts market caused by vehicle digitalisation, autonomous driving and hybrid/EV adoption continued to be disclosed. - FY2018First statedAnnual report
「However, the automotive aftermarket parts market, one of the group's main markets, is undergoing major changes driven by vehicle digitalisation, autonomous driving and hybrid/EV adoption, and the company recognises that the business environment is becoming increasingly challenging.」
The structural changes in the automotive aftermarket parts market caused by vehicle digitalisation, autonomous driving and hybrid/EV adoption were disclosed as a new business-environment risk, distinct from the risks related to the number of vehicles in use and the competitive environment.