日本7大车企或进入业绩持续下滑局面

Core Viewpoint - Japanese automotive companies, including Toyota, are experiencing a decline in operating profits for the October to December 2024 period, marking a shift from profit growth to a decline, which has occurred five times in the past decade [1] Group 1: Industry Performance - The Japan Machine Tool Builders' Association reported that the total value of machine tool orders in February was 118.2 billion yen, a 4% increase year-on-year, marking five consecutive months of growth [1] - Overseas orders accounted for 70% of the total, amounting to 84.4 billion yen, with a 3% increase. Orders from Asia reached 41.1 billion yen, a 13% increase, maintaining growth for 11 consecutive months [1] - In Asia, China contributed 26.6 billion yen with a 17% increase, while India accounted for 5.3 billion yen, growing by 4% [1] Group 2: Regional Insights - North American orders slightly increased to 25.7 billion yen, driven by significant orders in the aerospace and shipbuilding sectors [2] - European orders fell by 10% to 15.4 billion yen, with Germany and Italy experiencing over a year of continuous decline [2] - Domestic orders in Japan grew by 4% to 33.7 billion yen, marking four consecutive months of growth, with notable increases in aerospace, shipbuilding, and transport machinery [2] Group 3: Future Outlook - The Japan Machine Tool Builders' Association conducted a survey regarding order expectations for April to June, revealing an index of -4.1, an improvement from -8.2 in the previous quarter [2] - The association's president expressed optimism for increased investments in the automotive and semiconductor sectors in the second half of the year [2]