Sales Dependence on Major Customers and Limited Industries
First written in FY2025. 1 of 2 entries say "Worsened", first in FY2026. Latest entry: FY2026.
Kioxia Holdings moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
The whole theme swung hardest in 2026: 39 of 122 companies on the "Worse" side.
32 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In the fiscal year ending March 2026, sales to the Apple group accounted for 10% or more of the Company’s consolidated revenue. Relationships with these customers may have a particularly significant impact on the Group’s business, operating results and financial position, including as a result of international conditions such as U.S.-China trade tensions and U.S. tariff policy.」
Apple group’s share of revenue rose from 17.6% to 20.4%, increasing concentration among specific customers. - FY2025First statedAnnual report
「As a dedicated flash memory manufacturer, the Group depends for much of its revenue on a limited number of customers and industries, including major smartphone manufacturers and large IT companies such as hyperscalers that require SSDs.」
In the fiscal year ended March 2025, Apple group, Sandisk group and Dell group accounted for 17.6%, 11.6% and 10.0% of revenue, respectively.