High Dependence on the Railway Segment and East Japan Railway Company
First written in FY2016. 25 of 33 entries say "Restated". Latest entry: FY2026.
Totetsu Kogyo moved to the "Worse" side of this theme in 2026, 6 years after the typical company in this theme (2020).
The whole theme swung hardest in 2025: 12 of 25 companies on the "Worse" side.
8 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「As of the consolidated financial statements date for the current fiscal year, 73.4% of trade receivables were due from a specific major customer.」
The concentration ratio of trade receivables with a specific major customer rose from 71.5% in the previous fiscal year to 73.4%. In addition, revenue from East Japan Railway Company was ¥118,458 million, indicating that the dependence on a major customer continues. - 2026-06-02WorsenedGeneral Meetings of Shareholders
「As of the consolidated financial statements date for the current fiscal year, 73.4% of trade receivables were due from a specific major customer.」
特定の大口顧客への営業債権集中比率を73.4％と記載した。直近のcanonical記録にある71.5％から上昇している。canonical thread自体は変更しない。 - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this interim report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The disclosure stated that there had been no significant changes in the major risks relating to dependence on the railway segment and East Japan Railway Company. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business conditions, financial position and other matters described in this interim report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The disclosure stated that there had been no significant changes in the dependence risk relating to the railway segment and East Japan Railway Company. - FY2024MitigatedAnnual report
「As of the consolidated financial statements date for the current fiscal year, 71.5% of trade receivables were due from a specific major customer.」
The concentration ratio of trade receivables with a specific major customer fell from 72.0% in the previous fiscal year to 71.5%. Meanwhile, revenue from JR East was ¥100,345 million. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The disclosure states that there have been no significant changes in the dependence risk relating to the railway segment and East Japan Railway Company. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The disclosure stated that there had been no significant changes in the dependence risk relating to the railway segment and East Japan Railway Company. - FY2024-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no significant changes in the dependence risk relating to the railway segment and East Japan Railway Company. - FY2023MitigatedAnnual report
「As of the consolidated financial statements date for the current fiscal year, 72.0% of trade receivables were due from a specific major customer.」
The concentration ratio of trade receivables with a specific major customer fell from 73.8% in the previous fiscal year to 72.0%. However, the disclosure continues to indicate a high concentration structure. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The disclosure states that there have been no significant changes in the dependence risk relating to the railway segment and East Japan Railway Company. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The disclosure states that there have been no significant changes in the dependence risk relating to the railway segment and East Japan Railway Company. - FY2022MitigatedAnnual report
「As of the consolidated financial statements date for the current fiscal year, 73.8% of trade receivables were due from a specific major customer.」
The concentration ratio of trade receivables with a specific major customer fell from 82.2% in the previous fiscal year to 73.8%. However, the high concentration structure continues. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The disclosure stated that there had been no significant changes in the dependence risk relating to the railway segment and East Japan Railway Company. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The disclosure states that there have been no significant changes in the dependence risk relating to the railway segment and East Japan Railway Company. - FY2021WorsenedAnnual report
「As of the consolidated financial statements date for the current fiscal year, 82.2% of trade receivables were due from a specific major customer.」
The concentration ratio of trade receivables with a specific major customer rose from the previously reported 80.1% to 82.2%, continuing to indicate a dependence structure. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The disclosure stated that there had been no significant changes in the dependence risk relating to the railway segment and East Japan Railway Company. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The disclosure stated that there had been no significant changes in the dependence risk relating to the railway segment and East Japan Railway Company. - FY2021-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The disclosure stated that there had been no significant changes in the dependence risk relating to the railway segment and East Japan Railway Company. - FY2020MitigatedAnnual report
「As of the consolidated financial statements date for the current fiscal year, 80.1% of trade receivables were due from a specific major customer.」
The concentration ratio of trade receivables with a specific major customer fell from 82.2% in the previous fiscal year to 80.1%, but the disclosure continues to indicate a high concentration structure. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The disclosure stated that there had been no significant changes in the dependence risk relating to the railway segment and East Japan Railway Company. - FY2019RestatedAnnual report
「As of the consolidated financial statements date for the current fiscal year, 82.2% of trade receivables were due from a specific major customer.」
The disclosure stated that 82.2% of trade receivables were concentrated with a specific major customer, indicating that the dependence on major customers continues. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The disclosure stated that there had been no significant changes in the dependence risk relating to the railway segment and East Japan Railway Company. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The disclosure stated that there had been no significant changes in the dependence risk relating to the railway segment and East Japan Railway Company. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The disclosure stated that there had been no significant changes in the dependence risk relating to the railway segment and East Japan Railway Company. - FY2018RestatedAnnual report
「As of the consolidated financial statements date for the current fiscal year, 84.1% of trade receivables were due from a specific major customer. / East Japan Railway Company ¥101,511.411 million」
The concentration structure involving major customers continues, with 84.1% of trade receivables due from a specific major customer. Revenue from JR East was ¥101,511 million. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The disclosure states that there have been no significant changes in the dependence risk relating to the railway segment and East Japan Railway Company. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The disclosure states that there have been no significant changes in the dependence risk relating to the railway segment and East Japan Railway Company. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no significant changes in the dependence risk relating to the railway segment and East Japan Railway Company. - FY2017RestatedAnnual report
「As of the consolidated financial statements date for the current fiscal year, 80.1% of trade receivables were due from a specific major customer.」
The disclosure stated that 80.1% of trade receivables were concentrated with a specific major customer, indicating that the dependence on the railway segment and a major customer continues. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The disclosure stated that there had been no significant changes in the dependence risk relating to the railway segment and East Japan Railway Company. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The disclosure states that there have been no significant changes in the dependence risk relating to the railway segment and East Japan Railway Company. - FY2017-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no significant changes in the dependence risk relating to the railway segment and East Japan Railway Company. - FY2016First statedAnnual report
「Our group has a high proportion of revenue from the railway segment, and revenue in this area may be significantly affected by factors beyond our group's control, including those affecting public transportation operators.」
For the fiscal year ended March 2016, revenue from East Japan Railway Company was ¥101.4 billion, approximately 80% of consolidated revenue. The notes to the financial statements stated that 84.1% of trade receivables were due from a specific major customer.