Komori
Nippon Densetsu Kogyo (1950) · RiskMitigatedLatest Governance (2026-06-26): "Restated"

Dependence on East Japan Railway Company

First written in FY2016. 3 of 9 entries say "Worsened", first in FY2017. Latest entry: 2026-06-26.

9entries
11years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseWorsenedFY2019WorsenedFY20232016: 120162017: 120172018: 120182019: 120192020: 020202021: 120212022: 120222023: 120232024: 020242025: 020252026: 22026
Same theme, other companies
Sales concentration and dependence on specific major customersA theme 196 companies write about · 205 as a headwind · 1 as a tailwind

The whole theme swung hardest in 2017: 12 of 76 companies on the "Worse" side.

22 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 191 companies compared. The sentences above are computed from all 191.Comparing 200 of the theme's 206 threads.
Full recordFilings, disclosures and news, newest first
  1. 2026-06-26RestatedGovernance

    「The Company is positioned as a partner company of the East Japan Railway Company Group and has a business relationship with the Group. The Company undertakes electrical equipment construction from the Group, and the Group accounts for a high proportion of the Company's net sales. However, transactions with the Group are conducted in the ordinary course of business, and the Company believes that a certain degree of independence has been secured without business restrictions.」

    The Company describes its business relationship with East Japan Railway Company, the high proportion of its net sales attributable to East Japan Railway Company and the maintenance of a certain degree of independence, reaffirming the existing canonical thread concerning customer dependence on East Japan Railway Company.
  2. FY2026MitigatedAnnual report

    「東日本旅客鉄道㈱ 110,181 48.1」

    東日本旅客鉄道の完成工事高比率は前期51.0%から48.1%へ低下した。顧客依存リスクはなお明示されているが、新規顧客の開拓や事業領域拡大とともに、売上高ベースの集中度は低下している。
  3. FY2023WorsenedAnnual report

    「当連結会計年度末日現在における営業債権のうち57%が特定の大口顧客に対するものである。」

    特定大口顧客に対する営業債権の比率は前期56%から57%へ上昇した。東日本旅客鉄道株式会社の完成工事高比率も51.7%から51.9%へ上昇している。
  4. FY2022売上依存度は低下した一方、営業債権の集中度は上昇Annual report

    「当連結会計年度末日現在における営業債権のうち56%が特定の大口顧客に対するものである。」

    東日本旅客鉄道株式会社の完成工事高比率は前期55.1%から51.7%へ低下した一方、営業債権に占める特定大口顧客の比率は前期54%から56%へ上昇した。顧客依存の指標は項目により異なる動きを示した。
  5. FY2021MitigatedAnnual report

    「当連結会計年度末日現在における営業債権のうち54%が特定の大口顧客に対するものである。」

    営業債権に占める特定大口顧客の比率は前期の58%から54%へ低下した。完成工事高に占める東日本旅客鉄道株式会社の比率も55.1%で、前期55.0%とほぼ同水準である。顧客依存は継続している。
  6. FY2019WorsenedAnnual report

    「当連結会計年度末日現在における営業債権のうち58%が特定の大口顧客に対するものである。東日本旅客鉄道㈱の完成工事高は106,174百万円、割合は58.2%である。」

    東日本旅客鉄道株式会社の完成工事高比率は前期55.4%から58.2%へ、営業債権に占める特定大口顧客の比率は前期51%から58%へ上昇した。顧客依存のエクスポージャーが数値上拡大している。
  7. FY2018MitigatedAnnual report

    「当連結会計年度末日現在における営業債権のうち51%が特定の大口顧客に対するものである。」

    東日本旅客鉄道株式会社への完成工事高比率は前期60.2%から55.4%へ、営業債権に占める特定大口顧客の比率は59%から51%へ低下した。ただし、顧客依存リスク自体は引き続き記載されている。
  8. FY2017WorsenedAnnual report

    「Because East Japan Railway Company accounts for a high proportion of the Group's total completed construction revenue, a reduction in its capital investment or other spending for any reason could affect the Group's performance.」

    東日本旅客鉄道の完成工事高比率は前期55.4%から当期60.2%へ、営業債権に占める特定大口顧客の比率は57%から59%へ上昇している。
  9. FY2016First statedAnnual report

    「Because East Japan Railway Company accounts for a high proportion of the Group's total completed construction revenue, a reduction in its capital investment or other spending for any reason could affect the Group's performance.」

    East Japan Railway Company's share of completed construction revenue was 55.4%. The disclosure also states that 57% of trade receivables were attributable to a specific major customer.
Moved together

"Research and Development Focused on Safety, Labor Savings and ICT" moved the same way as this thread, in the same document, in 3 of its 9 moves.

332222★123456
  1. ★This thread
  2. 1Research and Development Focused on Safety, Labor Savings and ICT3×
  3. 2Reducing Labor Requirements and Improving Efficiency through Technology Development and Operational Improvements3×
  4. 3Strengthening the Foundation for a Sustainable Profit-Making Structure2×
  5. 4Expanding Customers for Railway Electrical Construction2×
  6. 5Station Redevelopment, Energy-Saving Proposals and Expansion into New Fields2×
  7. 6Nationwide Expansion of Network and Mobile Communications Construction2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Nippon Densetsu Kogyo's next results are scheduled for 2026-10-30. Read the earnings preview It last moved in the Governance of 2026-06-26: "Restated".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.