Domestic market contraction due to the declining birth rate and younger people moving away from car ownership
First written in FY2018. 3 of 4 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2020: 8 of 13 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Domestic automobile sales face the structural issue of younger people moving away from car ownership due to the declining birth rate and changing preferences regarding automobiles. Significant market expansion is not expected, and difficult conditions are likely to continue.」
The company continues to disclose the difficulty of structural expansion in the domestic market due to the declining birth rate and younger people moving away from car ownership. - FY2022RestatedAnnual report
「Domestic automobile sales face the structural issue of younger people moving away from car ownership due to the declining birth rate and changing preferences regarding automobiles. Significant market expansion is not expected, and difficult conditions are likely to continue.」
The company continues to disclose the difficulty of structural expansion in the domestic market due to the declining birth rate and younger people moving away from car ownership. - FY2019RestatedAnnual report
「Domestic automobile sales face the structural issue of younger people moving away from car ownership due to the declining birth rate and changing preferences regarding automobiles, and significant market expansion is not expected going forward.」
The company continues to disclose the difficulty of structural expansion in the domestic automobile market due to the declining birth rate and younger people moving away from car ownership. - FY2018First statedAnnual report
「Domestic automobile sales face the structural issue of younger people moving away from car ownership due to the declining birth rate and changing preferences regarding automobiles. As a result, significant market expansion is not expected, and difficult conditions are likely to continue.」
The company describes structural market contraction driven by demographics and changing preferences as a long-term risk separate from existing business-cycle risks.