Dependence on Advertising Demand from Three Major Advertisers
First written in FY2026-H1. 2 of 3 entries say "Materialised", first in FY2026-H1. Latest entry: FY2027-H1.
Adways moved to the "Worse" side of this theme in 2025.
1 other company's latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「No new business or other risks arose during the six months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
大手広告主への広告需要依存リスクについて、新たな発生や重要な変更はないと記載している。 - FY2025MaterialisedAnnual report
「In the domestic agency business, advertising placements increased as the company expanded its market share in the manga sector and improved its win rate in competitive pitches in the gaming sector, but this was insufficient to offset the decline in advertising placements resulting from changes in the advertising policies of major advertisers (clients).」
大手広告主の広告方針変更による出稿減少が通期でも顕在化し、国内エージェンシー事業の売上高は前年同期比23.1％減となった。 - FY2026-H1MaterialisedAnnual report
「In the domestic agency business, advertising demand declined due to changes in the advertising policies of 3 major advertisers and other factors.」
Changes in the advertising policies of 3 major advertisers reduced demand and affected revenue and profit in the agency business. This demonstrates concentration in specific large customers separately from the existing industry-concentration risk.