Earnings volatility driven by structural changes in the automotive industry
First written in FY2023. 4 of 5 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2022: 11 of 29 companies on the "Worse" side.
20 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The automotive industry is our principal customer base for the reliability assessment business, our main business, and our performance is strongly affected by trends in R&D and production in that industry.」
The company continues to recognize the risk of performance volatility arising from dependence on automotive R&D and production trends and structural changes in the industry. - FY2025-H1RestatedAnnual report
「Meanwhile, in the automotive industry where our major customers operate, efforts to promote electrification have intensified, as reflected in increases in the production and sales of electrified vehicles, including EVs, PHVs and HVs, and announcements of plans to launch new models.」
The company continues to describe the progress of electrification as part of the operating environment, while its main business remains affected by automotive R&D and production trends. - FY2024RestatedAnnual report
「The automotive industry is our principal customer base for the reliability assessment business, our main business, and our performance is strongly affected by trends in R&D and production in that industry.」
The company continues to recognize dependence on structural changes and R&D and production trends in the automotive industry as a major risk. - FY2024-Q2RestatedAnnual report
「In our core reliability assessment business, we regard companies in the automotive industry as our major customers and focus our sales activities on them.」
The company continues to operate on the basis that its main business depends on trends in the automotive industry. - FY2023First statedAnnual report
「The automotive industry is our principal customer base for the reliability assessment business, our main business, and our performance is strongly affected by trends in R&D and production in that industry.」
The company recognizes changes driven by CASE, electrification and entry by companies from other industries, as well as fluctuations in R&D and production trends, as risks.