Maturation and intensifying competition in Japan's automotive market
First written in FY2016. 12 of 32 entries say "Materialised", first in FY2017-Q2. Latest entry: 2026-07-29.
Weds moved to the "Worse" side of this theme in 2016, the same year as the typical company in this theme.
The whole theme swung hardest in 2024: 3 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- 2026-07-29WorsenedEarnings
「物価高が依然として個人消費の重荷となっており、消費者の節約志向や選択的消費の動きが一段と強まっております。」
物価高を背景に、消費者の節約志向・選択的消費の強まりが従来より明確に示された。 - FY2026MaterialisedAnnual report
「Demand for the automotive wholesale business, which accounts for a significant portion of the Group's operating revenue, is affected by economic conditions in Japan, where we sell our products, particularly the long-term trend in domestic sales of new vehicles.」
Market risks arising from long-term trends in domestic new-vehicle sales, changes in consumption patterns and intensifying competition continue to be identified as major risks. In FY2026, consumers' increased thrift in response to rising prices and other factors resulted in lower wheel sales and lower wholesale revenue. - 2026-05-13MaterialisedRevisions to earnings forecasts
「This was due in part to consumers' increased focus on saving amid higher prices and other factors. Although sales volumes of the mainstay wheels edged up, changes in the product mix and other factors affected results.」
物価高騰に伴う節約志向および商品構成の変化が、卸売事業の減収・減益として通期業績に現れている。 - FY2026-H1MaterialisedAnnual report
「Revenue from the automotive wholesale business was ¥9,962 million, down ¥443 million year on year, or 4.3%. This was due to lower sales of the core aluminum wheel products, partly reflecting consumers' increased thrift in response to rising prices.」
Consumers' increased thrift in response to rising prices led to lower sales of the core aluminum wheel products, resulting in a 4.3% decline in revenue from the automotive wholesale business. - FY2025Revenue growth in higher-value products despite lower unit salesAnnual report
「This was due to efforts to promote sales of mid- to high-priced aluminum wheels with high added value and higher sales of automotive products, despite a decline in total sales of the core wheel products.」
Although the decline in total unit sales continued, wholesale revenue increased due to promotional efforts for mid- to high-priced aluminum wheels and higher sales of automotive products. - FY2025-H1Total sales volumes declined, but sales of premium products lifted revenueAnnual report
「Although total sales volumes of the mainstay wheels declined, sales of premium aluminum wheels for luxury vehicles remained strong, and sales of automotive accessories and other products increased.」
Although total unit sales declined, revenue from the wholesale business increased due to higher sales of premium aluminum wheels for luxury vehicles and automotive products. - FY2024-Q3MaterialisedAnnual report
「Revenue from the automotive-related wholesale business was ¥20,224 million, down ¥1,632 million (7.5%) year on year, due to lower sales of the mainstay aluminum wheels, automotive accessories and other products.」
Risks related to market maturation and the competitive environment in the automotive accessories market materialized in actual performance as lower sales of the mainstay aluminum wheels and automotive accessories and a 7.5% decline in wholesale revenue. - FY2023RestatedAnnual report
「In this business, sales competition is intense and market consolidation is under way. Selling prices and volumes may be affected by fluctuations in demand and relationships with competitors, which could adversely affect our Group's consolidated performance and consolidated financial condition. In addition, it is uncertain to what extent the situation in Ukraine and other factors will affect the economy and consumer trends going forward.」
The company continues to identify the maturation of Japan's automotive-related market, sales competition, market consolidation, fluctuations in demand and prices, and uncertainty resulting from the situation in Ukraine as risks. - FY2023-Q3WorsenedAnnual report
「Meanwhile, the future business environment remains uncertain due to unstable exchange rates, progressing inflation and trends in automobile production resulting from semiconductor shortages, requiring continued monitoring.」
In addition to the previous uncertainties concerning Japan's automotive market and related demand, trends in automobile production due to semiconductor shortages, inflation and exchange-rate instability are identified as concerns for the business environment. - FY2023-Q2WorsenedAnnual report
「Meanwhile, the outlook remains uncertain due to automobile production adjustments resulting from semiconductor shortages and other factors, the impact of the rapid depreciation of the yen on prices and corporate activity, and the lockdowns in China and the prolonged situation in Ukraine.」
In addition to the previous issues of market maturation and intensifying competition, the company identifies automobile production adjustments due to semiconductor shortages, the rapid depreciation of the yen, lockdowns in China and the prolonged situation in Ukraine as uncertain factors. - FY2023-Q1WorsenedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan's economy showed signs of recovery in personal consumption, supported by the easing of restrictions on activities, and in exports. However, the outlook remains uncertain due to the resurgence of COVID-19 infections caused by new variants, automobile production adjustments resulting from the global semiconductor shortage, the impact of China's zero-COVID policy on supply chains, and the prolonged situation in Ukraine.」
While noting a recovery in the market environment, the company adds new variants, automobile production adjustments due to semiconductor shortages, the impact of China's zero-COVID policy on supply chains, and the prolonged situation in Ukraine as new uncertain factors. - FY2022WorsenedAnnual report
「In this business, sales competition is intense and market consolidation is under way. Selling prices and volumes may be affected by fluctuations in demand and relationships with competitors, which could adversely affect our Group's consolidated performance and consolidated financial condition. In addition, it is uncertain to what extent the COVID-19 pandemic and the situation in Ukraine will affect the economy and consumer trends going forward.」
In addition to the previous issues of market maturation, intensifying competition and the pandemic, the impact of the situation in Ukraine on economic and consumer trends has been added as an uncertain factor. - FY2022-Q3WorsenedAnnual report
「Meanwhile, as the number of new COVID-19 cases caused by the Omicron variant has risen again since the beginning of this year, semiconductor shortages and soaring resource prices have continued, leaving the outlook uncertain.」
In addition to the previous issues of market maturation and intensifying competition, the resurgence of infections due to the Omicron variant, semiconductor shortages and soaring resource prices have been added or remain as factors contributing to an uncertain outlook. - FY2022-Q2WorsenedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy turned to recovery, with real GDP for the April-June quarter increasing 0.5% from the previous quarter. However, the economy remained uneven in the July-September quarter, as automobile production declined due to semiconductor shortages and personal consumption weakened amid the expansion of areas subject to states of emergency and other measures.」
In addition to the previous issues of market maturation and intensifying competition, reduced automobile production due to semiconductor shortages and weak personal consumption resulting from states of emergency and other measures were identified as factors worsening the business environment. - FY2021RestatedAnnual report
「In this business, sales competition is intense and market consolidation is under way. Selling prices and volumes may be affected by fluctuations in demand and relationships with competitors, which could adversely affect our Group's consolidated performance and consolidated financial condition. In addition, it is uncertain to what extent the COVID-19 pandemic will weigh on the economy and consumer trends.」
The company continues to identify the maturation of Japan's automotive market, sales competition, market consolidation, fluctuations in demand and prices, and the potential downward pressure from the pandemic as risks. - FY2021-Q2MaterialisedAnnual report
「Revenue from the automotive-related wholesale business was ¥8,792 million, down ¥843 million (8.8%) year on year, as sales of the mainstay aluminum wheels declined due to market deterioration accompanying the spread of COVID-19 and constraints on sales activities, while the previous year benefited from special demand ahead of the consumption tax increase.」
Market deterioration and constraints on sales activities materialized in actual performance as lower sales of the mainstay aluminum wheels and an 8.8% decline in revenue from the automotive-related wholesale business. - FY2021-Q1MaterialisedAnnual report
「Revenue from the automotive-related wholesale business was ¥3,861 million, down ¥353 million (8.4%) year on year. This was due to lower sales of the mainstay aluminum wheels as a result of market deterioration accompanying the spread of COVID-19 and constraints on sales activities.」
Market deterioration and constraints on sales activities materialized in actual performance as lower sales of the mainstay aluminum wheels and an 8.4% decline in revenue from the automotive-related wholesale business. - FY2020WorsenedAnnual report
「In this business, sales competition is intense and market consolidation is under way. Selling prices and volumes may be affected by fluctuations in demand and relationships with competitors, which could adversely affect our Group's consolidated performance and consolidated financial condition. In addition, it is uncertain to what extent the COVID-19 pandemic will weigh on the economy and consumer trends, particularly in the next fiscal year.」
In addition to market maturation and intensifying competition, uncertainty over the downward pressure of COVID-19 on economic and consumer trends has been added. - FY2020-Q3MaterialisedAnnual report
「Revenue from automotive-related wholesale was ¥17,927 million, down ¥1,881 million year on year (9.5%), mainly owing to lower aluminum wheel revenue. Segment profit was ¥1,028 million, down ¥213 million year on year (17.2%).」
The decline in sales of the mainstay aluminum wheels appeared in actual performance as a 9.5% decrease in revenue and a 17.2% decline in segment profit in the automotive-related wholesale business. - FY2020-Q2MaterialisedAnnual report
「Revenue from automotive-related wholesale was ¥9,635 million, up ¥163 million year on year (1.7%). This was due to higher revenue from automotive products and other items, despite lower wheel sales. Segment profit was ¥273 million, down ¥7 million year on year (2.7%), owing to lower sales of the core wheels.」
Although the business as a whole recorded higher revenue due to increased sales of accessories and other products amid market competition, the decline in sales of the mainstay wheels appeared in actual performance as a 2.7% decline in segment profit. - FY2020-Q1MaterialisedAnnual report
「Revenue from the automotive-related wholesale business was ¥4,214 million, down ¥153 million (3.5%) year on year, due to lower sales of the mainstay aluminum wheels. Segment profit was ¥118 million, down ¥38 million (24.5%) year on year, due to the decrease in aluminum wheel revenue.」
The decline in sales of the mainstay aluminum wheels, against a backdrop of market maturation and the competitive environment in the automotive accessories market, materialized in actual performance as a 3.5% decline in wholesale revenue and a 24.5% decline in segment profit. - FY2019-Q3RestatedAnnual report
「Our Group is strengthening its organization to respond to the maturation of and intensifying competition in the automotive aftermarket. However, deteriorating employment and income conditions are worsening consumer sentiment and accelerating the shift away from car ownership, while demand in the automotive industry and automotive aftermarket, with which our Group has close ties, remains sluggish.」
The company continues to describe aftermarket maturation and intensifying competition, employment and income conditions, consumer sentiment, the shift away from car ownership and weak demand as business environment issues. - FY2019-Q2RestatedAnnual report
「Our Group is strengthening its organization to respond to the maturation of and intensifying competition in the automotive aftermarket. However, deteriorating employment and income conditions are worsening consumer sentiment and accelerating the shift away from car ownership, while demand in the automotive industry and automotive aftermarket, with which our Group has close ties, remains stagnant.」
The company continues to describe aftermarket maturation and intensifying competition, employment and income conditions, consumer sentiment, the shift away from car ownership and stagnant demand as business environment issues. - FY2019-Q1RestatedAnnual report
「Our Group is strengthening its organization to respond to the maturation of and intensifying competition in the automotive aftermarket. However, deteriorating employment and income conditions are worsening consumer sentiment and accelerating the shift away from car ownership, while demand in the automotive industry and automotive aftermarket, with which our Group has close ties, remains sluggish.」
The company continues to describe aftermarket maturation and intensifying competition, employment and income conditions, consumer sentiment, the shift away from car ownership and weak demand as business environment issues. - FY2018WorsenedAnnual report
「In Japan, economic maturation is driving structural changes in consumption. In the automotive industry, new vehicle sales are declining, the shift to kei cars is becoming pronounced, and the average period of vehicle use is lengthening. This trend generally reduces demand for automotive-related products and could adversely affect consolidated performance and consolidated financial condition. In addition, the automotive-related wholesale business of our Group faces intense sales competition, and market consolidation is under way.」
In addition to market maturation and intensifying competition, the company adds specific adverse factors including declining new vehicle sales, a shift to kei cars, longer vehicle use and market consolidation. - FY2018-Q3RestatedAnnual report
「Our Group is strengthening its organization to respond to the maturation of and intensifying competition in the automotive aftermarket. However, deteriorating employment and income conditions are worsening consumer sentiment and accelerating the shift away from car ownership, while demand in the automotive industry and automotive aftermarket, with which our Group has close ties, remains sluggish.」
The company continues to cite aftermarket maturation and intensifying competition, employment and income conditions, consumer sentiment, the shift away from car ownership and weak demand. - FY2018-Q2RestatedAnnual report
「Our Group is strengthening its organization to respond to the maturation of and intensifying competition in the automotive aftermarket. However, deteriorating employment and income conditions are worsening consumer sentiment and accelerating the shift away from car ownership, while demand in the automotive industry and automotive aftermarket, with which our Group has close ties, remains stagnant.」
Market maturation and intensifying competition, deteriorating employment and income conditions, the shift away from car ownership and stagnant demand continue to be described as business environment issues. - FY2018-Q1MaterialisedAnnual report
「Revenue from the automotive-related wholesale business was ¥4,284 million, down ¥163 million (3.7%) year on year. This was due to lower sales of aluminum wheels and automotive accessories resulting from the sluggish automotive aftermarket.」
The sluggish automotive aftermarket appeared in actual performance as a 3.7% decline in revenue from aluminum wheels and automotive accessories. - FY2017-Q3MaterialisedAnnual report
「Under these conditions, consolidated revenue for the fiscal year was ¥21,547 million, down 5.3% year on year, due to the sluggish automotive aftermarket, excess inventory caused by the mild winter last season and declining selling prices amid the stronger yen.」
The company states that the sluggish automotive aftermarket appeared in the results as consolidated revenue of ¥21,547 million, down 5.3% year on year. - FY2017-Q2MaterialisedAnnual report
「Revenue from the automotive-related wholesale business was ¥9,155 million, down ¥559 million (5.8%) year on year. This was due to lower sales of aluminum wheels, the main product, resulting from the sluggish automotive accessories market, excess inventory caused by the mild winter last season, intensifying sales competition amid weak demand, and an unexpected decline in selling prices due to the stronger yen. Segment profit was ¥432 million, down ¥251 million (36.7%) year on year, reflecting lower sales volumes and declining selling prices.」
The sluggish market, weak demand and intensifying sales competition materialized as declines in aluminum wheel revenue and profit, with the amounts and rates specified. - FY2017-Q1WorsenedAnnual report
「Our Group is strengthening its organization to respond to the maturation of and intensifying competition in the automotive aftermarket. However, deteriorating employment and income conditions are worsening consumer sentiment and accelerating the shift away from car ownership, while demand in the automotive industry and automotive aftermarket, with which our Group has close ties, remains sluggish.」
In addition to the previous issues of market maturation and intensifying competition, the company specifies deteriorating employment and income conditions, worsening consumer sentiment, the shift away from car ownership and weak demand as factors worsening the market environment. - FY2016First statedAnnual report
「Our Group is strengthening its organization to respond to the maturation of and intensifying competition in the automotive aftermarket.」
The maturation of and intensifying competition in the aftermarket are described as external conditions requiring organizational strengthening.