Dependence on Customer-Specific Factors in OEM Supply
First written in FY2017. 14 of 20 entries say "Restated". Latest entry: FY2026.
Seihyo moved to the "Worse" side of this theme in 2020, 1 year before the typical company in this theme (2021).
The whole theme swung hardest in 2020: 6 of 27 companies on the "Worse" side.
28 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「OEM supply to customer companies is significantly affected by factors beyond the company’s control, such as customer-company performance. Poor customer-company performance, changes in procurement policies, unexpected contract terminations and requests for price reductions may affect the company’s business results and financial position.」
The annual report reaffirms the risk that OEM supply is affected by customer-company performance, procurement policies, contracts and pricing demands. In terms of actual performance, OEM sales increased 11.0% year on year. - FY2025-H1MitigatedAnnual report
「Operating margin improved because the proportion of higher-margin own-brand products increased while the proportion of OEM sales declined.」
The company states that the proportion of OEM sales declined while the proportion of own-brand products increased, indicating a trend toward lower revenue dependence on OEM supply. - FY2024MaterialisedAnnual report
「This was because OEM orders for daifuku declined, despite an increase in Sasadango, a signature product of the wagashi segment and a famous confectionery from Niigata.」
Although sales of the company’s own products increased, the decline in OEM orders for daifuku affected performance in the wagashi segment. - FY2024-Q3MaterialisedAnnual report
「On the other hand, revenue was ¥3,491 million, up 6.4% year on year, due in part to sluggish OEM orders.」
The company reports that OEM orders were sluggish during the cumulative third quarter, reflecting the risk that OEM supply is affected by factors relating to customer companies and others. Meanwhile, total company revenue increased 6.4% year on year. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no new major risks that management recognizes could have a material impact on the financial condition, operating results or cash flows of the filing company, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes regarding the risk of dependence on customer-specific factors in OEM supply. - FY2022RestatedAnnual report
「OEM supply to customer companies is significantly affected by factors beyond the company’s control, such as customer-company performance. Poor customer-company performance, changes in procurement policies, unexpected contract terminations and requests for price reductions may affect the company’s business results and financial position.」
The company reaffirms the risk that OEM supply is affected by customer-company performance, procurement policies, contracts and pricing demands. - FY2022-Q3RestatedAnnual report
「During the first three quarters of the current fiscal year, there were no new occurrences of the major risks that management recognises could materially affect the filing company's financial position, operating results or cash flows among the matters relating to business conditions, financial conditions and other matters described in the quarterly report, and no material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes regarding the risk of dependence on customer-specific factors in OEM supply. - FY2022-Q1RestatedAnnual report
「There were no new major risks during the three months ended 30 June, and no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes regarding the risk of dependence on customer-specific factors in OEM supply. - FY2021MaterialisedAnnual report
「Revenue in the ice cream segment for the fiscal year was ¥2,122 million, down 1.9% year on year. The main factor was that, although the company worked to expand sales to strengthen sales of its own-brand frozen confectionery products, orders for OEM products remained sluggish.」
Although sales of the company’s own-brand products expanded, OEM product orders remained sluggish, resulting in a 1.9% year-on-year decline in revenue in the ice cream segment. - FY2021-Q3RestatedAnnual report
「During the cumulative third-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes regarding the risk of dependence on customer-specific factors in OEM supply. - FY2020MaterialisedAnnual report
「The main factor was that, although the company worked to expand sales to strengthen sales of its own-brand frozen confectionery products, orders for OEM products remained sluggish.」
Although the company expanded sales of its own-brand products, sluggish OEM product orders were a factor in the decline in revenue in the ice cream segment. - FY2020-Q3RestatedAnnual report
「During the cumulative third-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The company continues to state that there have been no material changes regarding the risk of dependence on customer-specific factors in OEM supply. - FY2020-Q2RestatedAnnual report
「During the cumulative second-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The company continues to state that there have been no material changes regarding the risk of dependence on customer-specific factors in OEM supply. - FY2020-Q1RestatedAnnual report
「During the cumulative first-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The company continues to state that there have been no material changes regarding the risk of dependence on customer-specific factors in OEM supply. - FY2019RestatedAnnual report
「Poor customer-company performance, changes in procurement policies, unexpected contract terminations and requests for price reductions may affect the company’s business results and financial position.」
The company reaffirms the risk that OEM supply is affected by customer-company performance, procurement policies, contracts and pricing demands. - FY2019-Q3RestatedAnnual report
「During the cumulative third-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes regarding the risk of dependence on customer-specific factors in OEM supply. - FY2019-Q2RestatedAnnual report
「During the cumulative second-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes regarding the risk of dependence on customer-specific factors in OEM supply. - FY2019-Q1RestatedAnnual report
「During the cumulative first-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes regarding the risk of dependence on customer-specific factors in OEM supply. - FY2018-Q3RestatedAnnual report
「During the cumulative third-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes regarding the risk of dependence on customer-specific factors in OEM supply. - FY2017First statedAnnual report
「Poor customer-company performance, changes in procurement policies, unexpected contract terminations and requests for price reductions may affect the company’s business results and financial position.」
For the first time, the company explicitly identifies the risk that OEM supply may be affected by factors that are difficult to manage, including customer-company performance, procurement policies, contracts and requests for price reductions.