Dependence on Automotive Sales Trends

「In the automotive industry, its main customer base, some models fitted with the Company's floor mats were affected by production cuts, but sales overall exceeded the previous year. Sales of automotive-related products totaled ¥6,076 million, up 3.2% from the previous period.」

「Although the automotive industry, our main customer base, was affected by production cuts for some vehicle models using our floor mats, overall sales exceeded the previous year’s level.」

「Against this economic backdrop, sales of automotive floor mat-related products by the Group remained solid, despite the impact of inventory adjustments by some customers, supported by an increase in domestic vehicle sales volumes.」

「In the automotive industry, vehicle production stoppages caused vehicle production and sales volumes to decline in part, while customer inventory adjustments also had an impact. As a result, sales of the Company's automotive floor mats were slightly below the previous period, and sales of automotive-related products totaled ¥5,885 million, down 1.8% year on year.」

「Sales of automotive floor mats, the core business, exceeded the same period of the previous year. Although production stoppages for certain models due to issues with certification testing had an impact, solid vehicle sales contributed to the result.」

「In the automotive industry, its main customer base, market conditions continued to improve as the domestic sales volume of new vehicles exceeded the previous year's level following the resolution of component supply shortages. Although some products were affected by inventory adjustments, sales remained steady.」

「In the automobile industry, the Company's main customer sector, market sentiment improved as domestic automobile production recovered following the easing of component supply constraints caused by the semiconductor shortage. Domestic new-vehicle sales volumes exceeded those of the same quarter of the previous year, and sales performed strongly.」

「Component supply constraints resulting from the semiconductor shortage gradually eased, domestic automobile production and sales recovered to pre-pandemic levels, and the prolonged delays in new-vehicle deliveries also began to ease. As a result, automotive floor mat sales grew and performed strongly.」

「Sales of the Company's core domestic automotive floor mats declined due to the impact of continued semiconductor supply constraints in the automobile industry, its main customer sector, as well as supply chain disruptions and production adjustments following the lifting of China's zero-COVID policy.」

「Sales of the Company's core domestic automotive floor mats declined substantially year on year overall due to continued supply constraints affecting vehicles sold by some automobile manufacturers as a result of shortages of semiconductor components and other factors.」

「Sales of the Company's core automotive floor mats declined substantially as automobile manufacturers suspended or reduced factory production due mainly to prolonged component shortages centered on semiconductors, while domestic new-vehicle sales volumes fell significantly as new-vehicle delivery times lengthened.」

「In the automotive products business, the impact of adjustments and temporary suspensions of new-vehicle production by automobile manufacturers due to semiconductor supply shortages continued. Despite higher import costs from yen depreciation, rising raw material prices, and higher ocean freight costs due to container shortages, strong orders for certain models resulted in revenue of ¥3,715 million, up 9.1% year on year, and operating income of ¥64 million, up 2.5% year on year.」

「In the automotive products business, domestic automobile sales volumes increased year on year as the industry recovered from the substantial production cuts by automobile manufacturers caused by the spread of COVID-19 in the same period of the previous year. Sales of automotive floor mats also increased due to strong orders for some new models. However, the impact of ongoing production adjustments, including continued production cuts by automobile manufacturers due to the semiconductor shortage, remained.」

「As the automobile industry benefited from an economic recovery, domestic automobile sales volumes increased and orders for some new models were strong, resulting in solid sales of the Company's automotive floor mats. However, production adjustments, including cuts in automobile manufacturers' vehicle production necessitated by the semiconductor shortage, had an impact.」

「Across the automobile industry, automobile sales volumes declined by up to approximately 40% per month in some months during the first half from the previous year due to voluntary restrictions on activities associated with the spread of COVID-19, resulting in a substantial decline in the Company's automotive floor mat sales. In the second half, sales generally recovered to the average level of the previous year.」

「Production adjustments and partial shutdowns at domestic facilities of automobile manufacturers caused automobile sales volumes to decline by up to approximately 40% per month through around September, materially affecting the Company's automotive floor mat sales. From October onward, however, the impact gradually diminished, and sales recovered to approximately the level before the declaration of the state of emergency.」

「In the automotive products business, demand for new vehicles remained weak and the Company's automotive floor mat demand declined significantly due to the impact of COVID-19, including production adjustments and partial plant shutdowns at domestic facilities of automobile manufacturers. As a result, revenue fell substantially to ¥2,004 million, down 30.8% year on year, and the Company recorded an operating loss of ¥36 million, compared with operating income of ¥117 million in the same period of the previous year.」

「In the automotive products business, domestic demand for both standard and mini vehicles declined sharply due to the impact of COVID-19, and automobile manufacturers adjusted production, including through temporary plant shutdowns. As a result, automotive floor mat sales fell substantially, with revenue of ¥1,020 million, down 36.0% year on year, and operating income of ¥180 thousand, down 99.8% year on year.」

「Sales of automotive floor mats remained weak because sales of both standard and mini vehicles in Japan were sluggish, there was no rush demand ahead of the consumption tax increase, and the effect of new-model sales was extremely limited. In addition, the spread of COVID-19 toward the end of the fiscal year began to affect orders in some areas. As a result, revenue was ¥5,424 million, down 14.7% from the previous fiscal year, and operating income was ¥117 million, down 54.5%.」

「Sales of automotive floor mats remained weak because sales of both standard and mini vehicles in Japan were sluggish, there was no rush demand ahead of the consumption tax increase, and the effect of new-model sales was extremely limited. As a result, revenue was ¥4,078 million, down 12.5% year on year, and operating income was ¥115 million, down 39.7% year on year.」

「Sales of automotive floor mats were affected by inventory adjustments following lower orders due to stagnant domestic automobile sales, limited rush demand ahead of the October consumption tax increase, and the limited effect of new-model sales. As a result, revenue was ¥2,894 million, down 6.2% year on year, and operating income was ¥117 million, down 21.2% year on year.」

「Domestic automobile sales were sluggish, and there was no significant rush in demand ahead of the consumption tax increase in October. However, sales of automotive floor mats for certain popular models were strong, among other factors,」

「Domestic sales of new models were strong, with demand concentrated on models with high customer satisfaction. Strong sales of multipurpose sports vehicles and certain mini vehicles resulted in higher sales of genuine floor mats.」

「Domestic sales of new models were strong, with demand concentrated on models with high customer satisfaction. Strong sales of multipurpose sports vehicles and certain mini vehicles resulted in higher sales of genuine floor mats.」

「In the automotive products business, domestic sales of new models were strong. In particular, multipurpose sports vehicles were highly popular, and some mini vehicles continued to sell well, resulting in strong sales of genuine floor mats.」

「In the automotive products business, domestic sales of new models were strong, and the addition of initial deliveries of certain new mini vehicles resulted in strong sales of genuine floor mats.」

「Following strong sales of new models in Japan, initial orders were concentrated and sales of genuine floor mats increased.」

「As domestic new-vehicle sales remained strong, orders for the Company's OEM genuine floor mats were also strong. In particular, demand increased for models with high safety performance among both mini vehicles and standard and compact cars, and sales performed strongly.」

「Domestic automobile sales remained strong, mainly due to increased sales of popular models featuring advanced safety technology and high fuel efficiency from automobile manufacturers. As a result, orders for the Company's OEM genuine floor mats also performed strongly.」

「Domestic automobile sales remained strong, mainly due to increased sales of popular models featuring advanced safety technology and high fuel efficiency from automobile manufacturers. As a result, orders for the Company's OEM genuine floor mats also performed strongly.」

「The Company's core automotive floor mat business was affected by the Kumamoto earthquake in April last year and the mini-vehicle fuel-economy scandal, but orders began to recover from around the middle of the fiscal year. Along with the effect of new-vehicle sales by automobile manufacturers, this resulted in revenue of ¥6,912 million, up 3.2% year on year.」

「Domestic automobile sales declined in the first quarter due to last year's increase in the mini-vehicle tax and the impact of the Kumamoto earthquake. From the second quarter onward, however, some orders began to recover, helped by the launch of new models by automobile manufacturers, and orders for the Company's OEM floor mats remained strong from the second quarter onward,」

「Domestic automobile sales continued to decline in the first quarter due to the impact of last year's increase in the mini-vehicle tax. The Kumamoto earthquake in April and the mini-vehicle fuel-economy scandal also contributed to lower sales of certain models and affected orders for the Company's OEM floor mats. However, some orders began to recover from the second quarter, and the effect of new-vehicle sales resulted in revenue of ¥2,330 million, down 7.2% year on year, and operating income of ¥33 million, down 58.7% year on year.」

「Domestic automobile sales continued to decline for mini vehicles following last year's increase in the mini-vehicle tax. In addition, the Kumamoto earthquake in April and the mini-vehicle fuel-economy scandal led to lower sales of certain models and affected orders for the Company's OEM floor mats, resulting in revenue of ¥1,055 million, down 17.2% year on year, and an operating loss of ¥8 million, compared with operating income of ¥54 million in the same period of the previous year.」

「Because the sales performance of these OEM genuine floor mats is directly linked to automobile sales trends, changes in those trends could affect the Group’s business results and financial condition.」