Decline in parts deliveries stemming from a downturn in China's automotive sector
First written in FY2020-Q3. 3 of 7 entries say "Worsened", first in FY2020. Latest entry: FY2022.
The whole theme swung hardest in 2019: 6 of 11 companies on the "Worse" side.
1 other company's latest entry also says "Dropped".
- FY2022DroppedAnnual report
「In the information-related field, revenue increased due to new adoptions of automotive-related materials and a recovery in orders for terminal equipment.」
The decline in parts deliveries due to weakness in China's automotive sector, which had been reported in prior fiscal years, was not specifically mentioned in the FY2022 business overview, while new adoptions of automotive-related materials and a recovery in orders were reported. - FY2022-Q2RestatedAnnual report
「In the transportation equipment-related field, demand for various resins, related materials and motorcycle parts increased as automobile manufacturers recovered production, but revenue declined due to the phaseout of automotive molded products.」
Although automobile manufacturers' production recovered and demand for related materials increased, the revenue decline resulting from the phaseout of automotive molded products remains. - FY2022-Q1MitigatedAnnual report
「In the transportation equipment-related field, demand for various resins and related materials increased as automobile manufacturers recovered production, but revenue declined slightly due to the phaseout of automotive molded products.」
Demand for resins and related materials increased as automobile manufacturers recovered production, and signs of recovery emerged compared with prior fiscal years, when weakness in China's automotive sector had been reported. However, the phaseout of automotive molded products remains a factor. - FY2021-Q3WorsenedAnnual report
「In the information-related field, chemicals related to functional films for displays and materials related to lithium-ion batteries remained firm. However, deliveries of materials and components declined substantially due to reduced automobile production and lockdowns at some overseas plants of customers, while some semiconductor encapsulation resins also declined, resulting in a substantial decrease in revenue.」
The significant decline in deliveries of materials and parts and the significant revenue decline in the information-related field continued due to lower automobile production and lockdowns at some of customers' overseas plants. - FY2021-Q2WorsenedAnnual report
「In the information-related field, chemicals related to functional films for displays and materials related to lithium-ion batteries remained firm. However, deliveries of materials and components declined substantially due to lower automobile production and lockdowns at some overseas plants of customers, while some semiconductor encapsulation resins and precision cleaning agents also declined, resulting in a substantial decrease in revenue.」
Deliveries of materials and parts declined significantly due to lower automobile production and lockdowns at some of customers' overseas plants. - FY2020WorsenedAnnual report
「On the other hand, parts deliveries declined significantly due to weakness in China's automotive sector, among other factors.」
The decline in parts deliveries due to weakness in China's automotive sector was reported as a larger decline than in the previous quarter. - FY2020-Q3MaterialisedAnnual report
「On the other hand, parts deliveries declined due to weakness in China's automotive sector, among other factors.」
Weakness in China's automotive sector materialized as an actual business impact in the form of lower deliveries of automotive parts.