We provide a detailed analysis of the performance summary and FY2025 outlook for automotive parts manufacturers, including company-by-company sales data for the top 80 companies in terms of sales.

A total of 57 of the top 80 companies with automotive-related sales accounting for 50% or more of their total sales and for which actual and forecast data on operating, ordinary, and net income/loss are available are included in the report, and the results show that sales and operating income have reached record highs.
The report covers data by company, including sales in the automotive sector, and provides a three-dimensional view of overall industry trends.

In FY2024, automobile production declined mainly in Japan, China, and ASEAN countries, but the industry as a whole performed well thanks to the effects of yen depreciation, rationalization efforts, price pass-through, productivity improvements, and enhanced product competitiveness.
Sales and operating income both reached record highs.
29 out of 57 companies (majority) forecasted increase in profit
Twelve of the 57 companies forecast increases in both sales and income, while 17 forecast decreases in both sales and income.
Of the 57 companies, 29 (majority) are forecasting increases in both sales and operating income.
Profitability improved as a result of cost structure reviews at each company.

In particular, Denso and Aisin, the top two companies in terms of sales, achieved operating income growth, showing remarkable results of rationalization.
On the other hand, Sumitomo Electric Industries forecast lower profits due to concerns over the impact of U.S. tariffs. This highlights the division between the brightest and the darkest among the companies.

In FY2025, sales are expected to decline for the first time in five years since FY2020, when the Corona disaster hit. While the decline in automobile sales and the appreciation of the yen will be factors pushing down sales, companies will continue their streamlining efforts and operating income is expected to reach a record high.
Many companies are working to improve profitability by reducing fixed costs, passing on prices, and introducing competitive products.
-The impact of the U.S. tariffs is uncertain, and many companies have not factored it into their full-year forecasts
　-There is a risk of a decline in demand for U.S.-bound auto production.
　-Some companies are considering reviewing production sites and suppliers

In addition, capital expenditures are expected to increase for the fifth consecutive year, and there are concerns about an increase in financial burdens. Even under these circumstances, the strategies of companies that maintain or improve profitability provide important insights into the future direction of the industry.

Aggregating the automotive parts business sales and profit/loss of the world’s major suppliers in dollar terms, we found that companies are generally sluggish in 2024, with sales and profits declining.
The business environment is becoming increasingly difficult for suppliers, especially for German-based companies, due to soaring energy prices in their home countries and the poor performance of their main customers, German-based OEMs.
In terms of sales, Bosch maintained its global leadership position with $57.8 billion, but in dollar terms, sales declined 6.9% from the previous year. ZF ($42.8 billion, down 16.8% y/y), the previous year’s second-largest supplier, dropped to third place.

On the other hand, among Japanese-affiliated companies (in terms of sales), where the business environment was relatively favorable compared to German-affiliated companies, although not as favorable, Denso (up 1.2% to $47.8 billion) rose to second place from third in the previous year.
Aisin (No. 7, up 0.7% to $32.7 billion) and Sumitomo Electric (No. 13, up 6.4% to $18.2 billion) are among the many suppliers with single-digit or single-digit sales growth over the previous year.

Although there were negative impacts in Japan, such as production cutbacks by several OEMs, it is believed that the recent trend of yen depreciation against the U.S. dollar was a factor that supported exports and supported business performance.
One characteristic trend is that, until the previous year, there was a clear trend of increasing sales among automotive battery cell makers as a whole on the back of rising demand for EVs, but the slowdown in the growth rate of the BEV market in Europe and the U.S. has resulted in a large difference in performance (sales) among suppliers.

In addition to sales and profit data by company, comparative labor productivity indices and structural factors behind the performance are carefully analyzed. Please request a copy of the report to receive information directly related to practical business operations that will be useful for business planning, investment decisions, and industry research.