Japan autos & auto parts sector: Impact of 2026 Kumamoto earthquake

研报英文原文证据摘录

Japan autos & auto parts sector: Impact of 2026 Kumamoto earthquake

Global Markets Research

29 July 2026Japan autos & auto parts sector

EQUITY: AUTOS & AUTO PARTS

Research Analysts

Impact of 2026 Kumamoto earthquake Japan autos & auto parts

Toshihide Kinoshita - NSC

We currently see limited impact on consolidated earnings toshihide.kinoshita@nomura.com

+81 3 6703 1729The earthquake that struck Kumamoto at around 16:27 JST on 28 July has been followed

by a sporadic series of aftershocks. We would like to express our deepest sympathies to Wataru Ishimoto - NSC

all those affected by the earthquake, and hope for the early restoration of safety and daily wataru.ishimoto@nomura.com

life, as well as the quickest possible recovery and reconstruction. +81 3 6703 1802

Current state of plants in Kyushu

In this report, we summarize the current status of automakers and auto parts suppliers

based on various media reports as of 14:30 JST on 29 July. We also refer to the

Kumamoto earthquake (seismic intensity seven) of 14 April 2016. In Toyota Motor's [7203]

case, production on assembly lines in Japan was gradually suspended over 18–23 April

2016, and production at all parent company mass production lines was halted over 20-23

April. One reason for this was that a ceiling-mounted crane at Aisin Kyushu fell onto

pressing equipment, and the force in turn caused a metal die to be ejected through a wall

and land outside. Production completely resumed in mid-May.

Automakers have responded to natural disasters such as the Great East Japan

Earthquake of 2011 and the Kumamoto earthquakes in 2016 by taking measures such as

major stockpiling of parts. Accordingly, we think they have stronger supply chains than

before, and currently see limited impact on consolidated earnings.