Komori
NS Solutions (2327) · RiskMitigated

Exposure to Sales Concentration in the Largest Customer

First written in FY2016. 6 of 12 entries say "Mitigated", first in FY2017. Latest entry: FY2026.

12entries
11years
1from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseMitigatedFY2017 – FY2018WorsenedFY2020 – FY2021MitigatedFY2022 – FY2023WorsenedFY20242016: 220162017: 220172018: 120182019: 020192020: 120202021: 120212022: 120222023: 120232024: 120242025: 020252026: 22026
Same theme, other companies
Dependence on sales to specific customersA theme 37 companies write about · 39 as a headwind · 0 as a tailwind

NS Solutions moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.

The whole theme swung hardest in 2025: 12 of 25 companies on the "Worse" side.

7 other companies' latest entry also says "Mitigated".

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 37 companies compared. The sentences above are computed from all 37.
Full recordFilings, disclosures and news, newest first
  1. FY2026MitigatedAnnual report

    「Sales to the Group's largest customer totaled ¥70,555 million for the fiscal year, or 18.5%.」

    NIPPON STEEL CORPORATION's share of sales declined from 20.1% in the previous year to 18.5%. Although sales increased, the revenue concentration ratio declined numerically.
  2. 2026-04-27MitigatedEarnings

    「NIPPON STEEL CORPORATION 65,303 19.3 70,555 18.5」

    The percentage of sales to NIPPON STEEL CORPORATION declined from 19.3% in the previous fiscal year to 18.5%.
  3. FY2024WorsenedAnnual report

    「Sales to the Group's largest customer totaled ¥62,509 million for the fiscal year, or 20.1%.」

    The largest customer's share of sales, attributable to NIPPON STEEL CORPORATION, rose from 19.9% in the previous year to 20.1%, indicating a numerical increase in concentration exposure.
  4. FY2023MitigatedAnnual report

    「The Group has maintained stable business dealings with NIPPON STEEL CORPORATION, its largest customer, with sales to the company totaling ¥57,912 million for the fiscal year, or 19.9%.」

    The largest customer's share of sales, attributable to NIPPON STEEL CORPORATION, declined from 20.4% in the previous year to 19.9%, indicating a numerical reduction in revenue concentration exposure.
  5. FY2022MitigatedAnnual report

    「Sales to NIPPON STEEL CORPORATION totaled ¥55,282 million for the fiscal year, or 20.4%.」

    The largest customer's share of sales declined from 20.9% in the previous year to 20.4%. Although sales increased, the revenue concentration ratio declined numerically.
  6. FY2021WorsenedAnnual report

    「Sales to the Group's largest customer totaled ¥52,634 million for the fiscal year, or 20.9%.」

    The largest customer's share of sales, attributable to NIPPON STEEL CORPORATION, rose from 20.4% in the previous year to 20.9%. Sales totaled ¥52,634 million.
  7. FY2020WorsenedAnnual report

    「The Group has maintained stable business dealings with NIPPON STEEL CORPORATION, its largest customer, with sales to the company totaling ¥55,983 million for the fiscal year, or 20.4%.」

    The largest customer's share of sales, attributable to NIPPON STEEL CORPORATION, rose from 18.7% in the previous year to 20.4%. Sales totaled ¥55,983 million.
  8. FY2018MitigatedAnnual report

    「Sales to NIPPON STEEL & SUMITOMO METAL CORPORATION totaled ¥45,658 million for the fiscal year, or 18.7%.」

    The largest customer's share of sales declined from 20.4% in the previous year to 18.7%, indicating a further reduction in revenue concentration exposure.
  9. FY2017MitigatedAnnual report

    「Sales to NIPPON STEEL & SUMITOMO METAL CORPORATION totaled ¥47,461 million for the fiscal year, or 20.4%.」

    Sales to the largest customer increased to ¥47,461 million, while its share of total sales declined from 21.4% to 20.4%. The figures indicate a reduction in customer concentration.
  10. FY2017-Q3Continued decline in sales to major customersAnnual report

    「In the service solutions business, the cloud services business expanded, but sales to Nippon Steel & Sumitomo Metal Corporation declined. As a result, revenue for the nine months ended the third quarter was ¥55,513 million, down ¥1,052 million from ¥56,566 million in the same period of the previous year.」

    The disclosure stated that the decline in sales to NIPPON STEEL & SUMITOMO METAL CORPORATION, the largest customer, continued. However, it did not present a new customer concentration ratio or a change in the assessment of concentration risk.
  11. FY2017-Q2Disclosure of declining projects for major customersAnnual report

    「Sales remained at a high level but declined year on year because development projects for the individual steelworks decreased.」

    Sales to NIPPON STEEL & SUMITOMO METAL CORPORATION, the largest customer, remained at a high level, but declined year on year due to a decrease in development projects for the individual steelworks.
  12. FY2016First statedAnnual report

    「The Group serves a broad range of customers, mainly in manufacturing, as well as distribution, financial services, public utilities and transportation, and telecommunications. It has maintained stable business dealings with NIPPON STEEL & SUMITOMO METAL CORPORATION, its largest customer, with sales to the company totaling ¥46,883 million for the fiscal year, or 21.4%.」

    The company described its broad customer base while disclosing sales to its largest customer of 21.4% of total sales.
Moved together

"Delivery Schedule and Profitability Risks in Larger, More Complex Projects" moved the same way as this thread, in the same document, in 6 of its 12 moves.

654433★123456
  1. ★This thread
  2. 1Delivery Schedule and Profitability Risks in Larger, More Complex Projects6×
  3. 2Shareholder returns based on a target consolidated payout ratio of 30%5×
  4. 3Improving the Quality and Productivity of System Development and Operations4×
  5. 4Business Model Enhancement Through NSSOL 1.0, 2.0 and 4.04×
  6. 5Strengthening Customer Relationships and Establishing a Position as an IT Partner3×
  7. 6Expanding R&D to Support Business Growth3×

★ 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
NS Solutions's next results are scheduled for 2026-11-02. Read the earnings preview It last moved in the Earnings of 2026-04-27: "Mitigated".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Exposure to Sales Concentration in the Largest Customer | NS Solutions Corporation (2327) | Komori