Impact of Yen Appreciation on the Used Car Export Business
First written in FY2017-Q1. 7 of 12 entries say "Restated". Latest entry: FY2024-Q2.
0 other companies' latest entry also says "Restated".
- FY2024-Q2RestatedAnnual report
「The used-car export business experienced a decline in revenue because vessel capacity for car carriers was constrained by strong exports of new vehicles from Japan amid the weaker yen, making it necessary to limit used-car export volumes to Malaysia.」
The situation continues to shift from the weaker yen boosting local demand to increased new-vehicle exports driven by the weaker yen restricting vessel capacity and reducing revenue from used-vehicle exports. - FY2024-Q1Impact of the weaker yen on used-vehicle exports through vessel capacity constraintsAnnual report
「As exports of new vehicles from Japan increased amid the weaker yen, vessel capacity for car carriers became limited. As the Company was therefore forced to restrict used-vehicle exports to Malaysia, revenue declined.」
In a different way from the previous risk of lower price competitiveness due to a stronger yen, the weaker yen led to restrictions on used-vehicle export volumes and lower revenue through tighter vessel capacity for new-vehicle exports. - FY2023RestatedAnnual report
「However, if the yen appreciates sharply, used vehicles exported from Japan may lose price competitiveness, and a decline in the Group's export volumes could affect its operating results and financial position.」
The risk of reduced price competitiveness for used-vehicle exports to Malaysia due to a stronger yen continues to be explicitly stated. Meanwhile, the weaker yen increased demand and export volumes in the current fiscal year. - FY2023-Q3RestatedAnnual report
「The used-car export business generated a substantial increase in revenue as export volumes rose with increased local demand in Malaysia, its main export market, amid the effects of the weaker yen and semiconductor shortages, while ongoing efforts to improve customer satisfaction had already been driving gains in market share.」
Unlike the previous risk of weaker exports due to a stronger yen, the current quarter continues to identify the weaker yen as a factor behind increased local demand in Malaysia and higher export volumes. - FY2023-Q1Increase in local demand in Malaysia due to the weaker yenAnnual report
「Against this backdrop, local demand increased, partly due to the weaker yen, and export volumes rose, resulting in substantial revenue growth.」
Where previous disclosures described foreign exchange fluctuations as depressing used-vehicle exports, the current quarter identifies the weaker yen as a factor behind increased local demand in Malaysia and higher export volumes. - FY2019-Q3RestatedAnnual report
「Used passenger vehicles 1,033,248 1,089,592 105.5%」
Used passenger vehicle exports increased to 105.5% of the year-earlier period. The recovery in used-vehicle exports continues, but there is no statement that foreign exchange risks have been resolved. - FY2019-Q2Increase in the used-vehicle export marketAnnual report
「Used passenger vehicles 691,610 723,555 104.6%」
Used passenger vehicle exports reached 104.6% of the year-earlier period. A recovery in the business through sales strategy and restructuring of the operating framework is evident, but there is no statement that foreign exchange risks have been resolved. - FY2018Recovery in used-vehicle exportsAnnual report
「The used-vehicle export business returned to revenue growth as the results of reviewing its sales strategy and rebuilding its operating structure began to emerge, resulting in higher revenue for the automotive-related business as a whole.」
Used-vehicle exports turned to revenue growth, but the stated recovery factors were sales strategy and the restructuring of the operating framework; there is no statement that foreign exchange risks such as the stronger yen have been resolved. - FY2017RestatedAnnual report
「Meanwhile, amid uncertainty caused by changes in international conditions and exchange rates, used-vehicle exports continued to trend downward at 1,325,101 vehicles, 96.6% of the year-earlier period.」
The used-vehicle export market continues to be sluggish and to trend downward due to changes in international conditions and exchange rates. - FY2017-Q3RestatedAnnual report
「Automotive-related revenue declined due to lower orders in the used-vehicle export business, reflecting the downturn in the used-vehicle export market caused by foreign exchange effects and other factors.」
The downturn in the used-vehicle export market and the decline in orders due to foreign exchange effects and other factors continue. - FY2017-Q2RestatedAnnual report
「Exports of used vehicles have also remained sluggish due to the trend toward a stronger yen.」
The sluggishness of used-vehicle exports due to the stronger yen continues. - FY2017-Q1First statedAnnual report
「The used-vehicle market is showing signs of recovery compared with the year-earlier quarter, but exports of used vehicles have remained sluggish due to the trend toward a stronger yen.」
The stronger yen has manifested itself in sluggish used-vehicle exports and a decline in orders.