Increasingly sophisticated performance, quality and cost requirements, and intensifying competition in the automotive components market
First written in FY2018-Q1. 1 of 3 entries say "Restated". Latest entry: FY2023.
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- FY2023WorsenedAnnual report
「In the automotive-related business, in addition to automakers expanding into emerging markets, efforts to increase local procurement ratios for automotive products are being strengthened, and requirements for performance, quality and cost are becoming increasingly demanding as the response to CASE — Connected, Autonomous, Shared and Electric — accelerates.」
In addition to the previous requirements concerning local procurement ratios, performance, quality and cost, the acceleration of the response to CASE was identified, broadening the scope of competitive pressures and requirements. - FY2021RestatedAnnual report
「In the automotive-related business, as automakers expand into emerging markets, efforts to increase local procurement ratios for automotive products are being strengthened, while requirements for performance, quality and cost are becoming increasingly demanding. The competitive environment is expected to continue becoming more challenging.」
The outlook for intensifying competition due to higher local procurement ratios for automotive products and increasingly demanding requirements for performance, quality and cost continues to be reported. - FY2018-Q1First statedAnnual report
「As automakers expand into emerging markets, manufacturers of automotive products are stepping up efforts to increase local procurement ratios, while requirements for performance, quality and cost are becoming increasingly demanding. The competitive environment is expected to become more challenging.」
The competitive environment for automotive products is expected to become even more challenging as local procurement ratios increase and requirements for performance, quality and cost become more demanding.