Decline in Tire Production and Fewer Capital Investment Projects
First written in FY2017-Q1. 12 of 32 entries say "Mitigated", first in FY2018-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2019: 41 of 56 companies on the "Worse" side.
8 other companies' latest entry also says "Other".
- FY2026Higher sales of tires for new vehicles coexist with lower sales for our company due to the absence of large-scale projectsAnnual report
「In Japan, sales of original-equipment tires increased year on year as automobile production recovered. Aftermarket tire sales, meanwhile, remained at the same level as in the same period of the previous year. For our group, although strong sales of utility equipment maintenance projects and equipment components for overseas tire manufacturing plants contributed positively, sales declined because the large-scale project recorded in the same period of the previous year was not present this fiscal year, despite our focus on sales activities for the development division and equipment investment projects.」
Original-equipment tire sales increased in the market while aftermarket sales were flat, but our maintenance and overseas equipment-component businesses did not offset the absence of a large-scale project, resulting in lower sales. - FY2026-H1Aftermarket growth coexisted with a slight decline in original-equipment tiresAnnual report
「In Japan, aftermarket tire sales were trending upward, but original-equipment tire sales declined slightly year on year, affected by the decline in domestic new-vehicle sales.」
Aftermarket tire sales are trending upward, while original-equipment tire sales declined slightly year on year against a backdrop of lower domestic new-vehicle sales. - FY2025MitigatedAnnual report
「In Japan, automobile production had declined in the same period of the previous year because of the vehicle certification scandal, but original-equipment and aftermarket tire sales both increased year on year as the market recovered.」
Against a backdrop of recovering automobile production, both original-equipment and aftermarket tire sales increased year on year, easing the risk of weak tire production. - FY2025-H1Aftermarket growth coexisted with weakness in overseas original-equipment tiresAnnual report
「In Japan, aftermarket tire sales showed an upward trend, but sales of original-equipment tires, particularly overseas, were sluggish in line with developments in the automotive industry.」
Aftermarket tire sales are trending upward, while original-equipment tire sales, particularly overseas, remain sluggish. - FY2024Declining original-equipment tire sales coexist with higher sales of related productsAnnual report
「In Japan, sales of original-equipment tires, which are linked to trends in the automotive industry, were particularly affected and declined year on year. Within our group, we continued to focus on following up on development projects and pursuing new projects and capital investment opportunities. As a result, sales of our group companies' proprietary valves and tire-related equipment were particularly strong overseas, and sales of our proprietary products for curing equipment also increased, lifting total sales.」
While market sales of original-equipment tires declined year on year, our group's sales increased on strong overseas sales of valves and tire-related equipment. - FY2024-Q3Recovery in original-equipment demand coexists with declining replacement tire demandAnnual report
「In Japan, tire demand recovered as automobile production recovered following the easing of automotive semiconductor supply shortages, and sales of original-equipment tires in particular increased. However, demand for replacement tires continued to decline due to higher prices.」
Demand for original-equipment tires recovered as automotive semiconductor shortages eased, while demand for replacement tires continued to decline due to higher prices. - FY2024-Q2MitigatedAnnual report
「In Japan, tire demand recovered as automobile production recovered following the easing of automotive semiconductor supply shortages, and sales of original-equipment tires in particular showed an upward trend.」
Against a backdrop of easing automotive semiconductor supply shortages and recovering automobile production, tire demand, particularly demand for original-equipment tires, is expanding. - FY2024-Q1MitigatedAnnual report
「In Japan, tire demand recovered as automobile production recovered following the easing of automotive semiconductor supply shortages, and sales of original-equipment tires in particular showed an upward trend.」
Against a backdrop of easing automotive semiconductor supply shortages and recovering automobile production, tire demand, particularly demand for original-equipment tires, is shown to be recovering and expanding. - FY2023Global tire demand declines coexist with higher sales for our companyAnnual report
「Globally, demand declined due to lower automobile production in China and lower replacement tire demand in Europe caused by a mild winter.」
The document cites lower tire demand due to reduced automobile production in China and a mild winter in Europe, while our group's sales to the rubber and tire industry increased 26.9% year on year, indicating divergent trends between market conditions and our own sales. - FY2023-Q3Recovery in original-equipment demand coexists with profit pressure from higher costsAnnual report
「Replacement tires remained firm and original-equipment tires were also on a recovery trend, with companies generally tending to report higher sales, but higher raw material, energy and logistics costs are weighing on profits.」
Replacement tires remained firm and original-equipment tires recovered, while higher raw material, energy and logistics costs weighed on profits. - FY2023-Q2Weak original-equipment demand coexists with strong replacement tire demandAnnual report
「Tires for new vehicles remain in a challenging environment both in Japan and overseas due to the impact of semiconductor shortages, while replacement tires are performing well, particularly high-inch tires.」
Although tires for new vehicles face difficult conditions due to the impact of semiconductor shortages, replacement tires, particularly high-inch tires, are performing well. - FY2023-Q1Tire demand recovery coexists with lower domestic original-equipment demandAnnual report
「Globally, tire demand recovered as automobile production recovered. In Japan, however, the recovery in automobile production stalled due in part to shortages of automotive semiconductors, resulting in a year-on-year decline in sales of original-equipment tires. In contrast, shipments of replacement tires increased year on year.」
Global tire demand recovered, but in Japan, sales of original-equipment tires declined year on year while replacement tire sales increased year on year. - FY2022-Q3MitigatedAnnual report
「As automobile production recovered, tire production increased and tire production volume grew from the same period of the previous year.」
Tire production volume grew year on year as automobile production recovered, indicating that the risk of weak tire production is easing. - FY2022-Q1MitigatedAnnual report
「Tire production also recovered as automobile production recovered.」
The document states that tire production recovered in line with the recovery in automobile production, indicating that the risk of weak tire production is easing. - FY2021Demand recovery coexists with lower capital investmentAnnual report
「Tire demand increased in the second half of the fiscal year as automobile production recovered, but there were also moves to close overseas sites, and capital investment declined from the previous fiscal year.」
Tire demand increased in the second half of the fiscal year, while the document cites overseas site closures and lower capital investment, indicating that demand recovery coexisted with fewer investment projects. - FY2021-Q3MitigatedAnnual report
「Demand for original-equipment and replacement tires, which had fallen sharply due to temporary factory shutdowns related to COVID-19 and the global decline in automobile sales, bottomed out and began to show signs of recovery in North America, Europe and Southeast Asia, although conditions remained unstable.」
Demand for original-equipment and replacement tires bottomed out, with signs of recovery in North America, Europe and Southeast Asia. However, demand remained unstable. - FY2021-Q2RestatedAnnual report
「The temporary suspension of factories affected by COVID-19 and the global decline in automobile sales caused demand for both original-equipment and replacement tires to fall sharply. No signs of recovery emerged, and conditions remained difficult to forecast.」
Temporary tire factory shutdowns and the sharp decline in original-equipment and replacement tire demand caused by lower global automobile sales continued, with no signs of recovery. - FY2021-Q1MaterialisedAnnual report
「The temporary suspension of factories affected by COVID-19 and the global decline in automobile sales caused demand for both original-equipment and replacement tires to fall sharply, and conditions remained uncertain.」
Temporary tire factory shutdowns and a sharp decline in demand for original-equipment and replacement tires due to lower global automobile sales actually occurred. - FY2020-Q3MitigatedAnnual report
「Domestic demand was somewhat weak, while overseas demand remained generally strong, with large-diameter tires for North American SUVs continuing to perform well. Our group received an order for weighing equipment from a domestic tire manufacturer, and orders for insulation boards, pumps and valves for tire curing machines began to recover, resulting in performance above that of the same period of the previous year.」
Although domestic demand remained weak, orders for related products began to recover in addition to firm overseas demand, and segment sales exceeded the same period of the previous year. - FY2020-Q2Weak domestic demand coexists with firm overseas demandAnnual report
「Domestic demand was somewhat weak, while overseas demand remained generally strong, with large-diameter tires for North American SUVs continuing to perform well. Our group won orders for shot-blasting equipment from overseas tire manufacturers, but orders for insulation boards, pumps and valves for tire curing machines fell sharply, resulting in performance below that of the same period of the previous year. As a result, total sales to the rubber and tire industry were ¥1,423 million, down 6.0% year on year.」
Domestic tire demand turned weak, while overseas demand, including demand for North American SUVs, remained firm, and the industry as a whole was described as strong. However, orders for our related products and segment sales declined. - FY2020-Q1MitigatedAnnual report
「Domestic demand was moderately firm, while overseas demand remained generally strong, with large-diameter tires for North American SUVs continuing to perform well and demand in Asia remaining firm.」
Demand in Japan, for North American SUVs and in Asia was described as firm, and the market risk from weak tire production and fewer capital investment projects was easing. However, orders for some of our products declined. - FY2019RestatedAnnual report
「Domestic demand was moderately firm, overseas demand remained strong, led by large-diameter tires for North American SUVs, and demand in Asia also remained firm, resulting in generally steady conditions.」
Demand for tires in Japan, for North American SUVs and in Asia was described as firm, and concerns about China's economic slowdown noted in the previous quarter have not intensified in the industry's overall commentary. - FY2019-Q3MitigatedAnnual report
「Domestic demand was moderately firm, while overseas demand remained generally strong, with large-diameter tires for North American SUVs continuing to perform well and demand in Asia remaining firm.」
The document indicates firm domestic demand, strong performance by large-diameter tires for North American SUVs and firm demand in Asia, while concerns about China's economic slowdown that intensified in the previous quarter have receded in the industry's overall commentary. - FY2019-Q2WorsenedAnnual report
「Domestic demand was moderately firm, and overseas demand for large-diameter tires for North American SUVs remained strong. However, concerns intensified that the economic slowdown in China, the world's largest consumer, caused by US-China trade friction would weigh on tire demand.」
Domestic demand and demand for North American SUV tires are firm or strong, while concerns have newly intensified that China's economic slowdown will weigh on tire demand. - FY2019-Q1MitigatedAnnual report
「The rise in raw material rubber prices began to ease. Domestic demand was moderately firm, while overseas demand remained generally strong, led by healthy growth in large-diameter tires for North American SUVs.」
Higher raw material rubber prices have begun to ease, domestic demand is moderately firm, and overseas demand is growing, led by large-diameter tires for North American SUVs. The tire industry was described as generally strong. - FY2018-Q3MitigatedAnnual report
「Although higher raw material rubber prices continued to have an impact, domestic demand, led by sales of tires for new vehicles, continued to trend upward, while overseas demand remained healthy, led by growth in North American SUV tires and supported by Europe and Asia. Within our group, orders for valve-related products and insulation boards remained strong, and shot-blasting equipment continued to grow, contributing to higher sales.」
Although the impact of higher raw material rubber prices remains, domestic demand for new-vehicle tires and overseas demand are trending upward and remain healthy, while orders and sales of related products are also described as strong. - FY2018-Q2MitigatedAnnual report
「Although the effect of higher raw material rubber prices was below expectations, domestic demand began to show signs of recovery, including an upturn in sales of tires for new vehicles. Overseas demand remained healthy, led by growth in North American SUV tires and supported by Europe and Asia. Within our group, valve-related products recovered significantly, while insulation boards and shot-blasting equipment also grew strongly, contributing to higher sales.」
Domestic demand is showing signs of recovery, overseas demand is described as healthy, and the impact of higher raw material rubber prices was below expectations. Sales of related products are also recovering and growing. - FY2018-Q1SoftenedAnnual report
「Although higher raw material rubber prices continued to weigh on earnings, domestic demand began to show signs of recovery despite modest growth, while overseas demand remained healthy in North America, Europe and Asia.」
The adverse effect of higher raw material rubber prices continues to reduce earnings, but domestic demand is showing signs of recovery, and overseas demand in North America, Europe and Asia is described as healthy. - FY2017WorsenedAnnual report
「The industry's production volume fell below the same period of the previous year, and capital investment also declined, due to the effects of the Kumamoto earthquake and lower sales of minicars. Our group's sales also declined because sales of valves and related equipment for tire curing machines remained sluggish.」
The document states that tire industry production and capital investment fell below the previous year, while sales of our related products remained sluggish, resulting in lower sales. - FY2017-Q3RestatedAnnual report
「Domestic tire production continued to decline as weak domestic automobile sales weighed on demand, while new capital investment at overseas production plants was also restrained, resulting in very sluggish order activity.」
Lower domestic tire production, restrained overseas capital investment and weak orders continued. - FY2017-Q2WorsenedAnnual report
「Domestic tire production continued to decline, while overseas markets also showed a stronger tendency to defer new investment, making the order environment extremely challenging.」
It explicitly states that domestic tire production continued to decline, the tendency to defer overseas investment strengthened, and the order environment was extremely challenging. - FY2017-Q1First statedAnnual report
「Domestic tire production fell below the same period of the previous year as domestic automobile production remained weak, while investment in overseas tire production facilities also paused, resulting in fewer new investment projects.」
The document cites lower domestic tire production, a pause in overseas capital investment and fewer new investment projects.