Risk of market contraction due to automotive industry electrification and industry restructuring
First written in FY2022. 3 of 5 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2022: 11 of 29 companies on the "Worse" side.
21 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「To address this risk, the company is working to strengthen products and services for EVs, expand sales channels to overseas automakers and others, develop new businesses, and cultivate new markets, including expansion into other industries.」
The company continues to pursue EV products, overseas sales channels, new businesses, and expansion into other industries as measures to address the risk of market contraction due to automotive industry electrification and consolidation. - FY2024MitigatedAnnual report
「To address this risk, the company is working to strengthen products and services for EVs, expand sales channels to overseas automakers and others, develop new businesses, and cultivate new markets, including expansion into other industries.」
The company explicitly identifies EV products, overseas sales channels, new businesses, and expansion into other industries as measures to address the risk of market contraction due to automotive industry electrification and consolidation. - FY2024-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no material changes concerning the risk of market contraction due to automotive industry electrification and consolidation. - FY2024-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no material changes concerning the risk of market contraction due to automotive industry electrification and consolidation. - FY2022First statedAnnual report
「Since the adoption of the Paris Agreement, the global shift toward decarbonization has accelerated. As restrictions on sales of gasoline-powered vehicles and the global electrification of automobiles progress, delays in responding to rapid electrification could reduce the competitiveness of domestic automakers, while industry consolidation could contract the market, potentially having a significant impact on the execution of the group's business plans and its operating results.」
Regarding dependence on the automotive-related market, the company identifies delays in responding to electrification, declining competitiveness of domestic automakers, and market contraction due to industry consolidation as new risks.