Concentration of sales in the construction and amusement industries
First written in FY2017. 3 of 9 entries say "Worsened", first in FY2021-Q2. Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024ReframedAnnual report
「The Group derives an extremely high proportion of its sales from domestic construction companies. If new orders decline substantially because of decreases in customers' new store openings and capital investment resulting from a deterioration in domestic economic conditions, or because of the impact of higher raw material costs caused by geopolitical risk events such as international conflicts, this may affect the Group's operating results.」
The previously identified concentration risk relating to the construction business and amusement industry was reorganized as sales concentration among construction companies and dependence on higher raw material costs caused by economic conditions, store openings and investment, and geopolitical factors. - FY2022ReframedAnnual report
「The Group derives a high proportion of its sales from the construction business and may be affected by increases or decreases in business partners' new store openings and capital investment.」
The description of concentration in the construction business and the amusement industry was reorganized to focus on the construction business and dependence on business partners' store openings and capital investment. - FY2022-Q2RestatedAnnual report
「In the core construction business, construction orders from restaurants, retail stores and hotels that were heavily affected by the spread of COVID-19 decreased. In the real estate business, despite efforts to reduce expenses, the absence of a large brokerage transaction of the kind recorded in the previous fiscal year resulted in a substantial decline in revenue and profit compared with the same quarter of the previous year.」
The concentration of the construction business among store-based customers and dependence on real estate brokerage transactions continued to result in a substantial decline in revenue and profit through lower construction orders and the absence of large brokerage transactions. - FY2022-Q1WorsenedAnnual report
「The Group reported a substantial decline in both revenue and profit, due to a decrease in construction orders from restaurants, retail stores and hotels that were heavily affected by the spread of COVID-19 in the core construction business, as well as the absence of a large real estate brokerage transaction of the kind recorded in the previous fiscal year.」
The risk of sales concentration in the construction business and among store-based customers materialized as a decline in construction orders from restaurants, retail stores and hotels, resulting in a substantial decline in revenue and profit for the company as a whole. - FY2021MaterialisedAnnual report
「Store-based businesses operated by the Group's major customers, including restaurants, pachinko halls and hotels, deteriorated because of a substantial decline in customer numbers caused by entry restrictions, in addition to requests to close temporarily and requests to refrain from going out to prevent the spread of COVID-19. As a result, the Group was affected by the cancellation or postponement of store opening and renovation plans, reviews of contracts for underperforming stores and contract cancellations associated with store withdrawals.」
The risks from concentration in the construction business and sales concentration among store-based customers such as amusement businesses materialized as the cancellation or postponement of store opening and renovation plans, contract reviews and contract cancellations associated with store withdrawals. - FY2021-Q3WorsenedAnnual report
「Store closures, downsizing and similar developments are expected to continue, and further effects may emerge. As a result, sales have remained below the level in the same quarter of the previous year.」
Across the construction, cleaning and maintenance, and human resources services businesses, the withdrawal or downsizing of stores operated by major business partners led to lower sales through delays in construction periods, contract cancellations and reviews of staffing contracts, and the company also describes the possibility that these conditions will continue. - FY2021-Q2WorsenedAnnual report
「The Group has also been affected in each business by the cancellation or postponement of new store openings associated with the spread of COVID-19, as well as by the closure of customer stores and shortened operating hours.」
The previously identified concentration risk relating to changes in the operating environments of construction and amusement-industry customers materialized as performance impacts from the cancellation or postponement of new store openings, store closures and shortened operating hours. - FY2019RestatedAnnual report
「The Group derives a high proportion of its sales from the construction business and may be affected by increases or decreases in business partners' new store openings and capital investment, including as a result of sluggish personal consumption. It also derives a high proportion of its sales from companies in the amusement industry, and a sudden change in the business environment of customer companies may affect the Group's operating results.」
The company continues to disclose the risk of sales concentration in the construction business and among customers in the amusement industry. - FY2017First statedAnnual report
「The Group derives a high proportion of its sales from the construction business and may be affected by increases or decreases in customers' new store openings and capital investment, including as a result of sluggish personal consumption. It also derives a high proportion of its sales from companies in the amusement industry, and a sudden change in the business environment of customer companies may affect the Group's operating results.」
The concentration of sales in the construction business and among customers in the amusement industry may affect performance through changes in new store openings, capital investment and customer operating environments.