Declining demand in customer industries and concentration in the construction industry
First written in FY2023. 2 of 4 entries say "Restated". Latest entry: 2026-08-20.
The whole theme swung hardest in 2026: 39 of 122 companies on the "Worse" side.
38 other companies' latest entry also says "Mitigated".
- 2026-08-20MitigatedInvestor presentation
「We are exhibiting at events such as the Sewerage Exhibition, and inquiries and trials are progressing. We have also received inquiries from the heavy electrical equipment industry, but because smartphones may not necessarily be used at worksites, there are cases in which we approach customers through peripheral services such as 「Knowledge Video」 rather than 「direct」. We are not a company focused solely on 「direct」; we can now support worksite DX through a range of services, and we will steadily expand into these industries as well.」
The company disclosed inquiries and trials from industries outside construction, including water and sewage and heavy electrical equipment, and expansion through peripheral services. This is recorded as a reference event concerning customer-industry concentration risk. - FY2025RestatedAnnual report
「Because customers in the construction industry account for a higher proportion than customers in other industries, we recognize that our group’s performance tends to be strongly affected by demand trends in the construction industry.」
The group continues to recognize the risk that restrained software investment in construction could affect performance and to pursue diversification by increasing customers outside construction. - FY2024RestatedAnnual report
「Because customers in the construction industry account for a higher proportion than customers in other industries, we recognize that our group’s performance tends to be strongly affected by demand trends in the construction industry.」
The group continues to recognize the risk that a downturn or restrained software investment in construction could affect performance because construction customers represent a high proportion. - FY2023First statedAnnual report
「We have strengthened customer development to avoid dependence on or overconcentration in particular customers within the construction industry, and have sought to diversify risk by increasing customers outside construction.」
The company recognizes the risk of performance being affected by restrained software investment in customer industries, particularly dependence on and concentration in construction, and seeks to diversify by developing customers and increasing customers outside construction.