Impact of Automakers’ Inspection Falsification Issues on Transportation Equipment-Related Demand
First written in FY2018-Q3. 4 of 7 entries say "Restated". Latest entry: FY2020.
1 other company's latest entry also says "Dropped".
- FY2020DroppedAnnual report
「In the transportation equipment-related sector, sales of some molded resins, anti-vibration resins for vehicle bodies and other products declined due to reduced domestic motorcycle production. However, sales increased as automotive electrical components grew and new applications for exhaust-gas purification chemicals were adopted in response to tighter environmental regulations.」
The inspection falsification and inspection data falsification issues at automakers described in prior years are not explicitly mentioned in the FY2020 business overview. - FY2019RestatedAnnual report
「In the transportation equipment-related sector, sales of molded resins, anti-vibration resins for vehicle bodies and other products declined due to reduced domestic motorcycle production and the impact of inspection data falsification issues at certain automakers. However, sales increased as molded resins were newly adopted for automotive parts and electrical components for safety equipment grew.」
Although the decline in some products due to automakers' inspection data falsification issues continued, the transportation equipment-related sector posted higher sales on new product adoption and growth in components for safety equipment. - FY2019-Q3RestatedAnnual report
「In the transportation equipment-related sector, sales of molded resins, anti-vibration resins for vehicle bodies and other products declined due to reduced domestic motorcycle production and the impact of inspection data falsification issues at certain automakers. However, sales increased as molded resins were adopted for new models and electrical components for safety equipment grew.」
Although the decline in some products due to automakers' inspection data falsification issues has continued, the transportation equipment-related sector posted higher sales on the adoption of products for new models and growth in electrical components for safety equipment. - FY2019-Q2RestatedAnnual report
「In the transportation equipment-related sector, sales of molded resins, anti-vibration resins for vehicle bodies and other products declined due to reduced domestic motorcycle production and the impact of inspection falsification issues at certain automakers. However, sales increased as molded resins were adopted for new models and electrical components for safety equipment grew.」
Although the decline in some products due to inspection falsification issues has continued, the transportation equipment-related sector posted higher sales on the adoption of products for new models and growth in electrical components for safety equipment. - FY2019-Q1RestatedAnnual report
「In the transportation equipment-related field, molded resins, vibration-damping resins for vehicle bodies and other products declined due to reduced domestic motorcycle production and inspection fraud scandals at some automakers. However, revenue increased substantially as molded resins were adopted for new vehicle models and electrical components for safety equipment applications grew against a backdrop of recovering automobile production.」
The decline in some products due to inspection fraud scandals at automakers continued, but growth from adoption in new vehicle models and electrical components for safety equipment applications more than offset it, resulting in a substantial increase in revenue in the transportation equipment-related field. - FY2018MaterialisedAnnual report
「In the transportation equipment-related field, molded resins, vibration-damping resins for vehicle bodies and other products declined due to reduced domestic motorcycle production and inspection fraud scandals at some automakers. However, revenue increased substantially due to the adoption of molded resins for new vehicle models and expanded adoption of electrical components for safety equipment applications, against a backdrop of recovering automobile production.」
Inspection fraud scandals at some automakers were specifically cited as a factor behind the decline in molded resins, vibration-damping resins for vehicle bodies and other products. - FY2018-Q3First statedAnnual report
「In the transportation equipment-related field, molded resins, vibration-damping resins for vehicle bodies and other products declined due to reduced domestic motorcycle production and the impact of inspection fraud scandals at some automakers. However, revenue increased substantially as molded resins were adopted for new vehicle models and electrical components for these applications grew with the wider adoption of safety equipment.」
Inspection fraud scandals at some automakers were specifically cited as a factor behind the decline in molded resins, vibration-damping resins for vehicle bodies and other products.