Dependence on Maruha Nichiro
First written in FY2016. 6 of 12 entries say "Softened", first in FY2017. Latest entry: FY2026.
Hayashikane Sangyo moved to the "Worse" side of this theme in 2016, 7 years before the typical company in this theme (2023).
The whole theme swung hardest in 2023: 35 of 119 companies on the "Worse" side.
3 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「Our group is highly dependent on specific customers for sales of fish-paste products and aquaculture feed. For the fiscal year ending March 2026, the proportions of consolidated net sales were 10.2% for 株式会社兵殖, which handles aquaculture feed, and 12.0% for Umios Corporation, which handles fish-paste products and aquaculture feed. To reduce the risk of dependence on specific customers, we are working to diversify the countries to which we sell and expand our customer base.」
The disclosure has been restructured from a dependence risk centered on Maruha Nichiro to a dependence structure involving multiple customers centered on Umios Corporation and 株式会社兵殖, with diversification of sales countries and expansion of new customers presented as countermeasures. - FY2025ReframedAnnual report
「Our group is highly dependent on specific customers for sales of fish-paste products and aquaculture feed. For the fiscal year ended March 2025, the proportions of consolidated net sales were 15.6% for Qingdao Tianyi Jixing International Trading Co., Ltd., which handles aquaculture feed; 11.0% for 株式会社兵殖; and 11.5% for Maruha Nichiro Corporation, which handles fish-paste products and aquaculture feed.」
The disclosure has been restructured from a dependence risk centered on Maruha Nichiro to a dependence structure involving multiple major customers: Qingdao Tianyi Jixing International Trading Co., Ltd. at 15.6%, 株式会社兵殖 at 11.0%, and Maruha Nichiro at 11.5%. - FY2024SoftenedAnnual report
「Our group is highly dependent on Maruha Nichiro Corporation for sales of fish-paste products and aquaculture feed. This accounted for 12.5% of consolidated net sales for the fiscal year ended March 2024, and we are working to reduce this dependence by increasing new business, primarily overseas.」
The sales ratio attributable to Maruha Nichiro declined from 13.6% to 12.5%, and measures to reduce dependence through new business, primarily overseas, remain ongoing. - FY2023SoftenedAnnual report
「Our group is highly dependent on Maruha Nichiro Corporation for sales of fish-paste products and aquaculture feed. This accounted for 13.6% of consolidated net sales for the fiscal year ended March 2023, and we are working to reduce this dependence by increasing new business, primarily overseas.」
The sales ratio attributable to Maruha Nichiro declined from 14.5% in the previous fiscal year to 13.6%, and the policy of reducing dependence remains unchanged. - FY2022WorsenedAnnual report
「Our group is highly dependent on Maruha Nichiro Corporation for sales of fish-paste products and aquaculture feed. This accounted for 14.5% of consolidated net sales for the fiscal year ended March 2022, and we are working to reduce this dependence by increasing new business, primarily overseas.」
The sales ratio attributable to Maruha Nichiro rose slightly from 14.4% in the previous fiscal year to 14.5%. The policy of reducing dependence through new business remains unchanged. - FY2021SoftenedAnnual report
「Our group is highly dependent on Maruha Nichiro Corporation for sales of fish-paste products and aquaculture feed. This accounted for 14.4% of consolidated net sales for the fiscal year ended March 2021, and we are working to reduce this dependence by increasing new business, primarily overseas.」
The sales ratio attributable to Maruha Nichiro declined from 14.5% in the previous fiscal year to 14.4%, and measures to reduce dependence through new business remain ongoing. - FY2020SoftenedAnnual report
「Our group is highly dependent on Maruha Nichiro Corporation for sales of surimi products and aquafeed, with the company accounting for 14.5% of consolidated revenue for the fiscal year ended March 2020. We are working to reduce this dependence by increasing new transactions, particularly overseas.」
The share of revenue attributable to Maruha Nichiro declined from 15.2% in the previous fiscal year to 14.5%, and measures to reduce dependence through new transactions, mainly overseas, were also explicitly stated. - FY2019SoftenedAnnual report
「Our group has a high proportion of sales to Maruha Nichiro Corporation, mainly in surimi products and aquafeed, accounting for 15.2% of total revenue.」
The share of revenue attributable to Maruha Nichiro declined from 18.2% in the previous fiscal year to 15.2%, further reducing the degree of dependence. - FY2019-Q2MaterialisedAnnual report
「In surimi products, revenue decreased because sales volume of fish sausages to a major customer declined amid a contracting domestic market.」
Sales volume to a major customer declined again in the current quarter, contributing to lower revenue from surimi products. - FY2017SoftenedAnnual report
「Our group has a high proportion of sales to Maruha Nichiro Corporation, mainly in surimi products and aquafeed, accounting for 18.2% of total revenue. Transactions with the company have remained stable, but any disruption to these transactions could affect business performance.」
The share of revenue attributable to Maruha Nichiro declined from 18.6% to 18.2%, but the concentration risk remained. - FY2017-Q2MaterialisedAnnual report
「In surimi products, domestic production volume declined amid a contracting market, while exports increased. However, revenue decreased because sales volume of fish sausages to a major customer declined.」
A decline in sales volume to a major customer actually occurred and contributed to lower revenue from surimi products. - FY2016First statedAnnual report
「Our group has a high proportion of sales to Maruha Nichiro Corporation, mainly in surimi products and aquafeed, accounting for 18.6% of total revenue. Transactions with the company have remained stable, but any disruption to these transactions could affect business performance.」
The major customer’s share of revenue was 18.6%, and the risk of an impact on business performance if transactions are disrupted was identified.