Dependence on Capital Investment by Specific Customers and Telecommunications Carriers
First written in FY2016. 17 of 28 entries say "Restated". Latest entry: FY2026.
EXEO Group moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 4 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Other".
- FY2026Explicitly identifies earnings dependence on the telecommunications carrier business and a target for greater balanceAnnual report
「As of the end of fiscal 2025, sales were broadly distributed evenly among the segments, at approximately one-third each. However, dependence on the telecommunications carrier business remains high in terms of profit. Accordingly, under the "Medium-Term Management Plan (2026–2030)" announced this time, we aim to grow the segments so that they are approximately equal in terms of profit as well by fiscal 2030.」
While explaining that sales diversification has progressed, the company stated that dependence on the telecommunications carrier business remains high in terms of profit and set a target of bringing the 3 segments to approximately the same level in terms of profit by fiscal 2030. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no material changes or new developments from the descriptions in the securities report for the previous fiscal year.」
States that there have been no material changes or new developments regarding dependence on capital investment by specific customers and telecommunications carriers. - FY2025Disclosed the sales mix of the 3 businesses.Annual report
「(1) Telecommunications carrier business: This is the core business group, accounting for 38% of our Group's sales. (2) Urban infrastructure business: The urban infrastructure business accounts for 32% of our Group's sales. (3) System solutions business: The system solutions business accounts for 30% of our Group's sales.」
While continuing to identify dependence on transactions with telecommunications carriers as a risk, the company disclosed the sales mix of the 3 businesses as 38%, 32% and 30%, specifically demonstrating risk diversification by business segment. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no material changes or new developments from the descriptions in the securities report for the previous fiscal year.」
States that there have been no material changes or new developments regarding dependence on capital investment by specific customers and telecommunications carriers. - FY2024RestatedAnnual report
「Because our Group's principal business is the construction and installation of information and communications networks, transactions with telecommunications carriers account for a high proportion of our business, and this trend is expected to continue.」
The company continued to identify dependence on transactions with telecommunications carriers as a major risk and indicated that it is diversifying risk across 3 business segments: telecommunications carriers, urban infrastructure and system solutions. - FY2024-Q3RestatedAnnual report
「In the mobile sector, including NCC companies, investment is being made to address poor connectivity mainly in urban areas, while some carriers continue to restrain investment.」
The company reconfirmed its view of the environment involving dependence on major customers' investment trends: telecommunications carriers continue to restrain capital investment, while investment to improve communications quality in urban areas is also being made. - FY2024-Q2RestatedAnnual report
「In the mobile sector, including NCC companies, investment is being made to address poor connectivity mainly in urban areas, while some carriers continue to restrain investment.」
The company reconfirmed that continued restraint of capital investment by telecommunications operators constitutes an environment involving dependence on the investment trends of specific business partners and telecommunications operators. - FY2024-Q1RestatedAnnual report
「In the mobile field, we are responding to the situation in which each telecommunications carrier is restraining capital investment and reducing orders for the time being.」
Telecommunications carriers continue to restrain capital investment and reduce orders, underscoring the company's continued dependence on investment trends among its major customers. - FY2023-Q3WorsenedAnnual report
「In the mobile field, including NCCs, telecommunications carriers have been seen restraining capital investment, while delays in the delivery of goods due to shortages of semiconductors and other items have also occurred in some areas.」
The company stated that telecommunications operators continue to restrain capital investment and that delivery delays caused by semiconductor shortages have also occurred in some areas. - FY2023-Q2WorsenedAnnual report
「Orders related to the mobile business, including NCCs, remained sluggish year on year.」
The restraint of investment by telecommunications carriers was reflected in sluggish year-on-year orders related to the mobile business. The company also stated that investment in 5G base stations is expected to continue over the medium to long term. - FY2023-Q1WorsenedAnnual report
「Although the mobile field, including NCCs, is currently weak due to mobile carriers restraining investment, investment to expand coverage, particularly in rural areas, is expected to continue over the medium term under the Digital Garden City Nation concept.」
The company stated that the current mobile market is weak due to mobile carriers restraining investment, as part of the environment related to dependence on telecommunications operators. It also indicated that investment in rural areas is expected to continue over the medium term. - FY2022RestatedAnnual report
「To build a robust management foundation that is not affected by economic conditions or social circumstances, we will further expand the urban infrastructure and system solutions businesses and transform our business structure with the aim of growing the sales of each segment to approximately the same level by fiscal 2030.」
To address the risk of dependence on transactions with telecommunications carriers, the company reiterated its plans to expand the urban infrastructure and system solutions businesses and transform its business structure so that sales in each segment are approximately the same level in fiscal 2030. - FY2022-Q1AdvancedAnnual report
「In the telecommunications carrier business, we are responding to the increase in demand for fiber-optic lines resulting from telework, as well as active investment in wireless base stations, including facilities for new telecommunications carriers.」
The company explicitly stated that it is responding to demand for fiber-optic lines resulting from telework and investment in wireless base stations, including facilities for new telecommunications carriers. - FY2021Explicitly stated the target for transforming the business structure in fiscal 2030.Annual report
「In the telecommunications carrier business, we will actively pursue the rollout of 5G and work to strengthen our earnings power. In line with the "2030 Vision" formulated this time, we will transform our business structure with the aim of "further expanding the urban infrastructure and system solutions businesses to build a robust management foundation that is not affected by economic conditions or social circumstances, and growing the sales of each segment to approximately the same level by fiscal 2030."」
To address the risk of dependence on telecommunications carriers, the company explicitly stated its target of transforming its business structure by further expanding the urban infrastructure and system solutions businesses and bringing the sales of each segment to approximately the same level in fiscal 2030. - FY2021-Q2WorsenedAnnual report
「In addition, pressure for reductions in mobile phone charges intensified, bringing increased attention to the responses of each telecommunications carrier.」
The description of the external environment related to dependence on telecommunications carriers now includes the increasing pressure to reduce mobile phone charges. - FY2020Explicitly identifies diversification measures to reduce dependence.Annual report
「To establish a robust management foundation that is not dependent on specific customers, the company will pursue new technologies and fields and work to develop new customers in its urban infrastructure and systems solutions businesses, while seeking to expand revenue and improve profitability.」
While continuing to recognize the risk of dependence on telecommunications carriers, explicitly identifies new technologies, new fields, and new customer development in the urban infrastructure and systems solutions businesses as countermeasures. - FY2020-Q3RestatedAnnual report
「No material changes or new developments have occurred compared with the description in the Securities Report filed on 21 June 2019.」
States that there have been no material changes or new developments regarding dependence on capital investment by specific customers and telecommunications carriers. - FY2019-Q3RestatedAnnual report
「No material changes or new developments have occurred compared with the description in the Securities Report filed on 22 June 2018.」
States that there have been no material changes or new developments regarding dependence on capital investment by specific customers and telecommunications carriers. - FY2019-Q2RestatedAnnual report
「No material changes or new developments have occurred compared with the description in the Securities Report filed on 22 June 2018.」
States that there have been no material changes or new developments regarding dependence on capital investment by specific customers and telecommunications carriers. - FY2019-Q1RestatedAnnual report
「No material changes or new developments have occurred compared with the description in the Securities Report filed on 22 June 2018.」
States that there have been no material changes or new developments regarding dependence on capital investment by specific customers and telecommunications carriers. - FY2018RestatedAnnual report
「Because the Group's principal business is the construction and installation of information and communications networks, transactions with telecommunications carriers account for a high proportion of our business, and this trend is expected to continue. Accordingly, changes in the capital investment behavior or investment structure of telecommunications carriers due to market conditions or technological innovation in the information and communications industry could affect the Group's business results.」
As before, identifies the high proportion of transactions with telecommunications carriers and the potential impact on business results from changes in their capital investment activities and structures as risks. - FY2018-Q2RestatedAnnual report
「No material changes or new developments have occurred compared with the description in the Securities Report filed on 23 June 2017.」
States that there have been no material changes or new developments regarding dependence on capital investment by specific customers and telecommunications carriers. - FY2018-Q1RestatedAnnual report
「No material changes or new developments have occurred compared with the description in the Securities Report filed on 23 June 2017.」
States that there have been no material changes or new developments regarding dependence on capital investment by specific customers and telecommunications carriers. - FY2017WorsenedAnnual report
「In the information and communications sector, mobile communications-related work is expected to remain steady for the time being, including the construction and development of networks to improve service quality in response to rising traffic. However, telecommunications carriers’ capital investment is trending downward over the medium to long term, and the business environment surrounding the company is expected to remain uncertain.」
Explicitly identifies a medium- to long-term downward trend in telecommunications carrier capital investment and emphasizes the uncertainty of the business environment arising from dependence on major customers’ capital investment. - FY2017-Q3RestatedAnnual report
「No material changes or new developments have occurred compared with the description in the Securities Report filed on 24 June 2016.」
States that there have been no material changes or new developments regarding dependence on capital investment by specific customers and telecommunications carriers. - FY2017-Q2RestatedAnnual report
「No material changes or new developments have occurred compared with the description in the Securities Report filed on 24 June 2016.」
States that there have been no material changes or new developments regarding dependence on capital investment by specific customers and telecommunications carriers. - FY2017-Q1RestatedAnnual report
「No material changes or new developments have occurred compared with the description in the Securities Report filed on 24 June 2016.」
States that there have been no material changes or new developments in business and other risks, including dependence on capital investment by specific customers and telecommunications carriers. - FY2016First statedAnnual report
「Because the Group's principal business is the construction and installation of information and communications networks, transactions with telecommunications carriers account for a high proportion of our business, and this trend is expected to continue. Accordingly, changes in the capital investment behavior or investment structure of telecommunications carriers due to market conditions or technological innovation in the information and communications industry could affect the Group's business results.」
The disclosed major customers were Nippon Telegraph and Telephone East Corporation, with sales of ¥74,729 million, or 26.0%, and NTT DOCOMO, INC., with sales of ¥54,443 million, or 18.9%.