Declining demand for automobiles due to the declining birthrate, population aging and younger people moving away from car ownership
First written in FY2017. 4 of 5 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2020: 9 of 14 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Although demand is currently stable, if it declines in the future due to factors such as a decrease in the population obtaining driver's licences as a result of the declining birthrate and population aging, and the particularly pronounced decline in car ownership among younger people in Tokyo, this could affect the Group's operating performance.」
The risk of future demand declining due to the declining birthrate, population aging and younger people in Tokyo moving away from car ownership continues to be disclosed. - FY2022RestatedAnnual report
「Although demand is currently stable, if it declines in the future due to factors such as a decrease in the population obtaining driver's licences as a result of the declining birthrate and population aging, and the particularly pronounced decline in car ownership among younger people in Tokyo, this could affect the Group's operating performance.」
The risk of future demand declining due to the declining birthrate, population aging and younger people in Tokyo moving away from car ownership continues to be disclosed. - FY2021RestatedAnnual report
「Although demand is currently stable, if it declines in the future due to factors such as a decrease in the population obtaining driver's licences as a result of the declining birthrate and population aging, and the particularly pronounced decline in car ownership among younger people in Tokyo, this could affect the Group's operating performance.」
The risk of future demand declining due to the declining birthrate, population aging and younger people in Tokyo moving away from car ownership continues to be disclosed. - FY2019RestatedAnnual report
「Although demand is currently stable, if it declines in the future due to factors such as a decrease in the population obtaining driver's licences as a result of the declining birthrate and population aging, and the particularly pronounced decline in car ownership among younger people in Tokyo, this could affect the Group's operating performance.」
The risk of future demand declining due to the declining birthrate, population aging and younger people moving away from car ownership continues to be disclosed. - FY2017First statedAnnual report
「If demand declines in the future due to factors such as a decrease in the population obtaining driver's licences as a result of the declining birthrate and population aging, and the particularly pronounced decline in car ownership among younger people in Tokyo, this could affect the Group's operating performance.」
For the first time, the Group explicitly identified the declining number of people obtaining driver's licences and younger people in Tokyo moving away from car ownership as factors that could reduce future automobile demand.