Slump in the New Vehicle Market
First written in FY2017-Q1. 8 of 11 entries say "Restated". Latest entry: FY2022-Q1.
No other company in this theme has enough history to compare yet.
- FY2022-Q1MitigatedAnnual report
「Vehicle purchases also increased as the recovery in the new-car market brought more customers to stores.」
It is stated that, in contrast to the previously reported weakness in the new-car market, the recovery in the market increased both customer visits and vehicle purchases. - FY2021-Q3MitigatedAnnual report
「Although vehicle purchases at domestic company-operated stores declined year on year due to weakness in the new-car market during the first half, they recovered to approximately the level of the same period of the previous year during the 3-month third quarter, as the new-car market recovered.」
The impact of weakness in the new-car market remained during the first half, while vehicle purchases recovered to the level of the same period of the previous year during the 3-month third quarter as the new-car market recovered. - FY2019-Q1RestatedAnnual report
「Although the new-car market in Western Australia remained weak, the Australian business improved its performance due in part to higher sales volume.」
The statement that the new-car market in Western Australia remained weak continues to be included. - FY2018RestatedAnnual report
「The Australian business reported lower profit due to the impact of weakness in the new-car market in Western Australia and the recognition of inventory valuation losses.」
Continued weakness in the new-car market in Western Australia is cited as a factor affecting performance. - FY2018-Q3RestatedAnnual report
「The Australian business reported lower profit as the new-car market in Western Australia continued to remain below the level of the same period of the previous year.」
The new-car market in Western Australia has continued to remain below the level of the same period of the previous year. - FY2018-Q2RestatedAnnual report
「The Australian business reported lower revenue and lower profit as the new-car market in Western Australia remained below the level of the same period of the previous year, although the decline in profit narrowed compared with the first-quarter cumulative period.」
The new-car market in Western Australia is again stated to have remained below the level of the same period of the previous year. - FY2018-Q1RestatedAnnual report
「The Australian business reported lower revenue and lower profit because the new-car market in Western Australia fell below the level of the same period of the previous year.」
It is stated that the new-car market in Western Australia has remained below the level of the same period of the previous year. - FY2017RestatedAnnual report
「Meanwhile, amid continued weakness in the new-car market, customer acquisition costs, including advertising expenses, were increased to address the declining trend in vehicle purchases at Gulliver stores.」
The continued weakness in the new-car market and the declining trend in vehicle purchases at Gulliver stores are repeated as part of the business environment. - FY2017-Q3RestatedAnnual report
「Meanwhile, amid continued weakness in the new-car market, advertising expenses, primarily for internet advertising, were increased to address the declining trend in customer visits.」
The explanation that weakness in the new-car market has continued is repeated. The risk is described as part of the actual business environment, but it has not been quantified. - FY2017-Q2RestatedAnnual report
「Meanwhile, amid continued weakness in the new-car market, vehicle purchases at the former company-operated stores were at the same level as in the same period of the previous year.」
The explanation that weakness in the new-car market has continued is repeated. For the Australian business, it is also stated that the new-car market in Western Australia was below the level of the same period of the previous year. - FY2017-Q1First statedAnnual report
「Amid continued weakness in the new-car market, vehicle purchases at all company-operated stores were at the same level as in the same period of the previous year.」
The continued weakness in the domestic new-car market is cited, along with its impact on vehicle purchases.