Risk of product supply constraints and delivery delays due to supply chain disruptions and semiconductor shortages
First written in FY2022-Q3. 2 of 8 entries say "Restated". Latest entry: FY2024.
4 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「Auto loans remained solid as new-vehicle sales recovered following the resolution of the semiconductor shortage, supported by effective financing initiatives aligned with each importer’s sales strategy.」
The resolution of the semiconductor shortage and recovery in new-vehicle sales eased the impact of the previous risk of new-vehicle delivery delays. - FY2024-Q1MitigatedAnnual report
「Auto loans benefited from the beginning of an easing in new-vehicle supply delays, resulting in higher transaction volume for imported vehicles.」
As the impact of new-vehicle supply delays began to ease, transaction volume for imported vehicles increased. - FY2023Easing of the semiconductor shortage overseas and continued domestic new-vehicle delivery delaysAnnual report
「In auto loans, longer new-vehicle delivery times due to the semiconductor shortage increased demand for used vehicles, expanding transaction volume in the used-car market. As supply constraints on new vehicles gradually eased, transaction volume in the imported-vehicle market also expanded through financing initiatives aligned with each importer's sales strategy.」
While the impact of longer new-vehicle delivery times caused by the semiconductor shortage remained, domestic auto loan transaction volume expanded through rising demand for used vehicles, easing supply constraints and initiatives linked to sales strategies. - FY2023-Q3Impact eased overseas, but domestic new-vehicle delivery delays continuedAnnual report
「In Vietnam, Indonesia, Cambodia and the Philippines, economic activity moved toward normalization under policies for living with COVID-19. As the impact of semiconductor shortages also gradually eased, the four-wheel and two-wheel vehicle markets recovered, and the companies worked diligently to implement various initiatives and develop their dealer networks.」
While markets recovered overseas as the impact of the semiconductor shortage gradually eased, domestic auto loans continued to be affected by delays in new-vehicle deliveries. - FY2023-Q2RestatedAnnual report
「Shopping credit continued to perform well in luxury watches and computer-related products. In addition, transaction volume and operating revenue in motorcycles and medical products increased as the Group pursued proactive business development, including various initiatives. Auto loans were affected by sluggish new-vehicle sales due to the global semiconductor shortage, but rising demand for used vehicles prompted major used-car dealers to pursue aggressive store expansion. Transaction volume and operating revenue increased as a result of stronger relationships with used-car dealers and various initiatives.」
While the effects of component shortages and the semiconductor shortage continued, transaction volume and operating revenue in the related businesses increased through product diversification, rising demand for used vehicles and stronger relationships with used-car dealers. - FY2023-Q1RestatedAnnual report
「Shopping credit was partly affected by component shortages caused by supply chain disruption in housing-related products, but transaction volume and operating revenue increased as transactions involving luxury watches, motorcycles and medical-related products remained strong. Auto loans were affected by sluggish new-vehicle sales due to the global semiconductor shortage, but transaction volume and operating revenue increased as a result of rising demand for used vehicles and various initiatives focused mainly on major and local used-car dealers.」
While the effects of component shortages caused by supply chain disruption and the global semiconductor shortage continued, transaction volume and operating revenue in the related businesses increased on the strength of initiatives targeting used-car dealers and strong performance in other products. - FY2022MaterialisedAnnual report
「In auto loans, transaction volume for domestic and imported vehicles was affected more than expected by delays in new-vehicle deliveries caused by the global semiconductor shortage. However, transaction volume and operating revenue increased through various initiatives focused mainly on major used-car dealers.」
The impact of delays in new-vehicle deliveries caused by the semiconductor shortage became evident over the full fiscal year in transaction volume for domestic and imported vehicles. Initiatives targeting used-car dealers provided partial offset. - FY2022-Q3First statedAnnual report
「Shopping credit was affected by shortages of components and other factors resulting from supply chain disruption, causing the handling of housing-related products, a core business category, to slow. However, transactions involving luxury watches began to recover, while medical, pet and computer-related products remained solid, resulting in higher transaction volume and operating revenue. Auto loans were affected by delivery delays for new vehicles caused by the global semiconductor shortage, and transaction volume in the domestic and imported vehicle markets fell short of expectations. However, transaction volume and operating revenue increased as a result of various initiatives focused mainly on nationwide major used-car dealers and local used-car dealers.」
Shortages of components caused by supply chain disruption and delivery delays for new vehicles caused by the global semiconductor shortage actually materialized as weaker handling of housing-related products and domestic and imported vehicles.