Dependence on the Steel Business and the Commercial Vehicle and Auto Parts Industries
First written in FY2016. 10 of 26 entries say "Mitigated", first in FY2018-Q3. Latest entry: 2026-07-31.
Sato Sho-Ji moved to the "Worse" side of this theme in 2016, 7 years before the typical company in this theme (2023).
The whole theme swung hardest in 2025: 22 of 57 companies on the "Worse" side.
15 other companies' latest entry also says "Mitigated".
- 2026-07-31MitigatedRevision of earnings forecasts
「Sales to the commercial vehicle industry, one of our core customer industries, remained solid.」
The disclosure indicates solid sales to the commercial vehicle industry, and the impact of weak sales to that industry had diminished in this forecast revision. It does not state that the underlying dependence had been eliminated. - FY2026Steel business share down, but sales decline continuesAnnual report
「The steel business accounted for 60.2% of our group's sales in the current consolidated fiscal year. A high proportion of its customers are in the commercial vehicle and related automotive parts industries, and the impact of trends in those industries cannot be overlooked.」
The steel business's share of sales declined from 62.5% in the previous fiscal year to 60.2%, while the steel business recorded a 1.2% decline in sales. Dependence on, and the impact of, the commercial vehicle and automotive parts industries remained. - FY2025MaterialisedAnnual report
「The steel business accounted for 62.5% of our group's sales in the current consolidated fiscal year. A high proportion of its customers are in the commercial vehicle and related automotive parts industries, and the impact of trends in those industries cannot be overlooked.」
The steel business's share of sales declined from 67.2% to 62.5%, but with dependence on the commercial vehicle and automotive parts industries remaining, sluggish sales to key customer industries were reflected in lower full-year sales and profit. - FY2025-H1MaterialisedAnnual report
「In the Steel Business, despite the impact of higher material prices, sales to the commercial vehicle sector and the construction and industrial machinery sector, which are major customer industries, remained weak. As a result, revenue was ¥89,342 million, down 3.1% year on year, and operating profit was ¥1,528 million, down 15.8%.」
Against a backdrop of dependence on the steel business and the commercial vehicle and construction and industrial machinery industries, sluggish sales to key customer industries were reflected in lower sales and profit in actual results. - FY2024-Q1MitigatedAnnual report
「Sales to the commercial vehicle industry and the domestic construction and industrial machinery industry, which are key customer industries, remained firm, among other factors.」
Dependence on the steel business continued, but sales to key customer industries remained firm, and no deterioration in first-quarter results due to weakness in those industries was indicated. - FY2023WorsenedAnnual report
「The steel business accounted for 67.2% of our group's sales in the current consolidated fiscal year. A high proportion of its customers are in the commercial vehicle and related automotive parts industries, and the impact of trends in those industries cannot be overlooked.」
The steel business's share of sales rose from 64.2% in the previous fiscal year to 67.2%, increasing dependence on the steel and commercial vehicle-related industries. - FY2023-Q3MitigatedAnnual report
「Sales to the commercial vehicle industry and the domestic construction and industrial machinery industry, which are key customer industries, remained firm, among other factors.」
Dependence on the steel business and commercial vehicle-related industries continued, but sales to key customer industries remained firm, and no adverse impact on quarterly results due to weakness in those industries was indicated. - FY2023-Q1MitigatedAnnual report
「In the steel business, in addition to the impact of higher steel material prices, sales to the commercial vehicle industry and the domestic construction and industrial machinery industry, which are key customer industries, remained firm, among other factors.」
Dependence on the steel business and the commercial vehicle and construction and industrial machinery industries continued, but sales to key customer industries remained firm, and no adverse impact on quarterly results due to weakness in those industries was indicated. - FY2022-Q2RestatedAnnual report
「Sales to the commercial vehicle industry and the domestic construction and industrial machinery industry, which are key customer industries, remained firm, among other factors.」
Dependence on the steel business and the commercial vehicle and construction and industrial machinery industries continued, but sales to key customer industries remained firm. - FY2022-Q1MitigatedAnnual report
「In the steel business, sales to the commercial vehicle industry and the domestic construction and industrial machinery industry, which are key customer industries, remained firm, among other factors.」
Dependence on the steel business and commercial vehicle-related industries continued, but sales to key customer industries remained firm, and no adverse impact on quarterly results due to weakness in those industries was indicated. - FY2021MitigatedAnnual report
「The steel business accounted for 64.2% of our group's sales in the current consolidated fiscal year. A high proportion of its customers are in the commercial vehicle and related automotive parts industries, and the impact of trends in those industries cannot be overlooked.」
Dependence on the steel business continued, but its share of sales declined from 65.2% in the previous fiscal year to 64.2%. The impact of weakness in the dependent industries was nevertheless reflected in full-year results. - FY2021-Q3WorsenedAnnual report
「In the Steel Business, sales to the commercial vehicle industry, a major customer industry, and the domestic construction and industrial machinery industry were sluggish. As a result, net sales were ¥7,914 million, down 20.1% year on year, and operating income was ¥525 million, down 55.5%.」
Against a backdrop of dependence on the steel business and the commercial vehicle and construction and industrial machinery industries, sluggish sales to key customer industries were reflected in a substantial decline in sales and profit. - FY2021-Q2WorsenedAnnual report
「In the Steel Business, sales to the commercial vehicle industry, a major customer industry, and the domestic construction and industrial machinery industry were sluggish. As a result, net sales were ¥4,814.1 million, down 28.4% year on year, and operating income was ¥63 million, down 92.2%.」
Against a backdrop of dependence on the steel business and the commercial vehicle and construction and industrial machinery industries, which are key customer industries, sluggish sales to both industries were reflected in a substantial decline in sales and a substantial decline in profit. - FY2021-Q1WorsenedAnnual report
「In the Steel Business, sales to the commercial vehicle industry, a major customer industry, and the domestic construction and industrial machinery industry were sluggish. As a result, net sales were ¥2,268.4 million, down 33.0% year on year, and the business reported an operating loss of ¥94 million, compared with operating income of ¥385 million in the same period of the previous year.」
Against a backdrop of dependence on the steel business and the commercial vehicle and construction and industrial machinery industries, which are key customer industries, sluggish sales to both industries were reflected in a substantial decline in steel business sales and an operating loss. - FY2020WorsenedAnnual report
「The steel business accounted for 65.2% of our group's sales in the current consolidated fiscal year. A high proportion of its customers are in the commercial vehicle and related automotive parts industries, and the impact of trends in those industries cannot be overlooked.」
The steel business's share of sales rose from 63.8% in the previous fiscal year to 65.2%, further increasing dependence on the steel and commercial vehicle-related industries. - FY2019WorsenedAnnual report
「The steel business accounted for 63.8% of our group's sales in the current consolidated fiscal year. A high proportion of its customers are in the commercial vehicle and related automotive parts industries, and the impact of trends in those industries cannot be overlooked.」
The steel business's share of sales rose from 62.0% in the previous fiscal year to 63.8%, increasing dependence on the steel and commercial vehicle-related industries. - FY2019-Q3RestatedAnnual report
「Under these circumstances, our group's consolidated results benefited from strong performance in the core commercial vehicle and construction and industrial machinery industries, among other factors. Sales were ¥162.314 billion, up 5.8% year on year, but」
Dependence on the steel business and commercial vehicle industry continued, but the key customer industries continued to perform well, and no decline in sales due to weakness in those industries was indicated. - FY2019-Q2MitigatedAnnual report
「Under these circumstances, our group's consolidated results benefited from strong performance in the core commercial vehicle and construction and industrial machinery industries, among other factors. Sales were ¥106.646 billion, up 6.6% year on year.」
Dependence on the steel business and commercial vehicle industry continued, but the key customer industries performed well, resulting in higher sales in the first 2 quarters. - FY2019-Q1MitigatedAnnual report
「Our group's consolidated results benefited from strong performance in the core commercial vehicle and construction and industrial machinery industries, among other factors. Sales were ¥53.624 billion, up 10.3% year on year.」
The commercial vehicle and construction and industrial machinery industries performed well, and no deterioration in consolidated results due to weakness in the key customer industries was indicated in the first quarter. Consolidated sales increased. - FY2018MitigatedAnnual report
「The steel business accounted for 62.0% of our group's sales in the current consolidated fiscal year. A high proportion of its customers are in the commercial vehicle and related automotive parts industries, and the impact of trends in those industries cannot be overlooked.」
Dependence on the steel business remained, accounting for 62.0% of sales, but domestic and overseas commercial vehicle sales were firm, and no adverse impact on full-year results was indicated. - FY2018-Q3MitigatedAnnual report
「Under these circumstances, the consolidated results of our group benefited from solid domestic and overseas sales in the core commercial vehicle industry and a recovery in the construction and industrial machinery industries. Net sales were ¥153,437 million, up 16.4% year on year; operating profit was ¥3,097 million, up 24.1%; ordinary profit was ¥3,474 million, up 24.8%; and net income attributable to owners of the parent was ¥2,328 million, up 28.4%.」
Dependence on the commercial vehicle industry continued, but domestic and overseas sales remained firm in the first 3 quarters, with no deterioration in performance attributable to weakness in the dependent industries. Consolidated sales and income increased. - FY2017MaterialisedAnnual report
「Due to continued sluggish overseas sales in the core commercial vehicle industry, among other factors, sales were ¥179.947 billion, down 2.1% year on year.」
Continued sluggish overseas sales in the commercial vehicle industry were reflected in a 2.1% year-on-year decline in consolidated sales. The steel business accounted for 62.2% of sales. - FY2017-Q3MaterialisedAnnual report
「Under these circumstances, our group's consolidated results were affected by continued sluggish overseas sales in the core commercial vehicle industry and the prolonged downturn in the construction machinery industry, among other factors. Sales were ¥131.81 billion, down 4.4% year on year, operating income was ¥2.495 billion, down 3.7%, and ordinary income was ¥2.785 billion, up 2.8%.」
Sluggish overseas sales in the core commercial vehicle industry continued and were reflected in lower consolidated sales and operating income. - FY2017-Q2MaterialisedAnnual report
「Under these circumstances, our group's consolidated results were affected by sluggish overseas sales in the core commercial vehicle industry and the prolonged downturn in the construction machinery industry, among other factors. Sales were ¥86.357 billion, down 6.7% year on year, operating income was ¥1.554 billion, down 4.8%, and ordinary income was ¥1.605 billion, down 5.6%.」
Sluggish overseas sales in the core commercial vehicle industry were reflected in lower consolidated sales, operating income and ordinary income. - FY2017-Q1MaterialisedAnnual report
「Under these circumstances, our group's consolidated results were affected by lower selling prices in the core commercial vehicle industry and the prolonged downturn in the construction machinery industry, among other factors. Sales were ¥42.586 billion, down 6.7% year on year.」
The decline in selling prices in the core commercial vehicle industry was reflected in a decline in consolidated sales. - FY2016First statedAnnual report
「The steel business accounted for 63.0% of our group's sales in the current consolidated fiscal year. A high proportion of its customers are in the commercial vehicle and related automotive parts industries, and the impact of trends in those industries cannot be overlooked.」
The 63.0% share of sales generated by the steel business and dependence on the commercial vehicle and automotive parts industries are identified as risks.