Uncertainty Surrounding the Automotive Industry’s Outlook Due to the Global Semiconductor Shortage and Maritime Logistics Disruptions
First written in FY2021. 3 of 12 entries say "Materialised", first in FY2022-Q1. Latest entry: FY2024.
Ohashi Technica moved to the "Worse" side of this theme in 2021, 1 year before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 22 of 32 companies on the "Worse" side.
12 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「The semiconductor shortage that had long constrained the recovery in production was resolved, and passenger-vehicle production recovered substantially in Japan and North America in fiscal 2023.」
The semiconductor shortage was resolved further, and automakers' production recovered in Japan and North America. In China, however, Japanese automakers continued to struggle as EV adoption expanded. - FY2024-Q3RestatedAnnual report
「Meanwhile, in overseas markets excluding China and in Japan, production adjustments gradually subsided as the semiconductor shortage eased, and global production by Japanese automakers exceeded the previous year.」
The semiconductor shortage eased and production adjustments were resolved further, with global production by Japanese automakers exceeding the previous year in overseas markets excluding China and in Japan. This view remains unchanged. - FY2024-Q1MitigatedAnnual report
「As shortages of semiconductors and other components eased, production adjustments by automakers gradually subsided, and global production by Japanese automakers exceeded the previous year.」
The semiconductor shortage eased and production adjustments by automakers were being resolved, with global production by Japanese automakers exceeding the previous year. - FY2023RestatedAnnual report
「In the automotive industry, which is the business area of our Group, production adjustments by automakers caused primarily by the semiconductor shortage continued. As a result, global production by Japanese automakers remained roughly in line with the previous year and did not recover to pre-pandemic levels.」
Production adjustments caused primarily by shortages of semiconductors and components continued. Global production by Japanese automakers remained roughly in line with the previous year and had not recovered to pre-pandemic levels, a view that remains unchanged. - FY2023-Q3ReframedAnnual report
「In the automotive industry, which is the business area of our Group, production adjustments and stoppages caused primarily by shortages of semiconductors and other components continued. Global production by Japanese automakers was roughly in line with the previous year, but had not recovered to pre-pandemic levels.」
While production adjustments and stoppages caused by shortages of semiconductors and components continued, global production by Japanese automakers was described as roughly in line with the previous year and had not recovered to pre-pandemic levels. - FY2023-Q2WorsenedAnnual report
「In the automotive industry, which is the business area of our Group, production adjustments and stoppages caused primarily by shortages of semiconductors and other components continued. Global production by Japanese automakers was below the previous year.」
Production adjustments and stoppages caused by shortages of semiconductors and components continued, and global production by Japanese automakers fell below the previous year. - FY2023-Q1WorsenedAnnual report
「In the automotive industry, which is the business area of our Group, production adjustments and stoppages caused primarily by shortages of semiconductors and other components continued. Global production by Japanese automakers was below the previous year.」
Production adjustments and stoppages caused by shortages of semiconductors and components continued, and global production by Japanese automakers fell below the previous year. - FY2022WorsenedAnnual report
「The resurgence of infections caused by successive variants and shortages of semiconductors and other components became more pronounced, and production adjustments intensified across a range of manufacturing industries. In addition, higher raw-material prices and soaring maritime transportation costs associated with the reopening of the economy became a major impediment to improvements in corporate performance, and their impact continues.」
Shortages of semiconductors and components, production adjustments, higher raw-material prices and soaring maritime transportation costs continued throughout the fiscal year, materially affecting production and profit in each region. - FY2022-Q3MaterialisedAnnual report
「Although the global semiconductor shortage and stagnation in maritime logistics continued to affect production by major customer manufacturers, production recovered to above the previous year's sharply reduced level, which had resulted from operating stoppages caused by the spread of COVID-19. Contributions from newly ordered products also helped lift net sales to ¥5,046 million, up 15.4% year on year. Segment profit fell 2.5% to ¥225 million due to soaring maritime logistics costs.」
The semiconductor shortage and stagnation in maritime logistics continued to have an actual impact on production by major customers and logistics costs. In the Americas, production recovery and new orders increased sales, but higher logistics costs reduced segment profit. - FY2022-Q2MaterialisedAnnual report
「The global semiconductor shortage and stagnation in maritime logistics have affected production by major customer manufacturers. However, production recovered to above the previous year's sharply reduced level, which had resulted from operating stoppages caused by the spread of COVID-19, and net sales rose to ¥3,412 million, up 37.5% year on year. Despite the impact of soaring maritime logistics costs, segment profit increased to ¥165 million, up 147.6%, owing to higher sales and production and improvements in manufacturing costs.」
The semiconductor shortage and stagnation in maritime logistics actually affected production by major customer manufacturers in the Americas, and soaring maritime logistics costs also affected segment profit. Production recovery led to higher sales and profit from the previous year. - FY2022-Q1MaterialisedAnnual report
「The global semiconductor shortage and stagnation in maritime logistics affected production by major customer manufacturers in the United States, resulting in production below the previous year. Net sales were ¥1,745 million, down 5.4% year on year. Segment profit was ¥72 million, down 44.2%, due to the decline in sales and higher maritime logistics costs.」
The semiconductor shortage and disruption to maritime logistics identified as risks in the previous fiscal year materialized in lower production by U.S. customers, lower net sales, higher maritime logistics costs and lower segment profit. - FY2021First statedAnnual report
「In addition, there has been no sign of an end to the situation, with COVID-19 infections recently resurging. The global semiconductor shortage and disruption to maritime logistics have also become more pronounced, and the outlook for the automotive industry remains uncertain.」
The company explicitly identified, for the first time, the global semiconductor shortage and disruption to maritime logistics, in addition to COVID-19, as risks in the business environment for the fiscal year.