Sales concentration in the baking industry and specific customers
First written in FY2016. 1 of 4 entries say "Mitigated", first in FY2017. Latest entry: FY2021.
2 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「The baking industry is the main sales destination because of its high usage volume, accounting for approximately 40% of net sales during the fiscal year under review. Within that industry, sales to YAMAZAKI BAKING CO.,LTD. are particularly significant, accounting for approximately 20% of net sales, including sales through trading companies and other intermediaries, and the company's purchasing and production trends may affect the Group's financial position, operating results and cash flows.」
Sales concentration in the baking industry remains high at approximately 40%, while concentration in YAMAZAKI BAKING CO.,LTD. remains high at approximately 20%; the risk that trends affecting a specific industry or customer may affect operating results continues. - FY2018Increased industry concentration and reduced concentration in a specific customerAnnual report
「The baking industry is the main sales destination because of its high usage volume, and sales to that industry accounted for 40.0% of net sales during the fiscal year under review. Within the baking industry, sales to YAMAZAKI BAKING CO.,LTD. are particularly significant, accounting for 18.7% of net sales, including sales through trading companies and other intermediaries, and the company's purchasing and production trends may affect the Group's operating results.」
While the sales ratio for the baking industry rose from 38.2% in the previous fiscal year to 40.0%, the ratio for YAMAZAKI BAKING CO.,LTD. fell from 19.8% to 18.7%. Concentration risk continues to be explicitly identified. - FY2017MitigatedAnnual report
「The baking industry is the main sales destination because of its high usage volume, and sales to that industry accounted for 38.2% of net sales during the fiscal year under review. Within the baking industry, sales to YAMAZAKI BAKING CO.,LTD. are particularly significant, accounting for 19.8% of net sales, including sales through trading companies and other intermediaries, and the company's purchasing and production trends may affect the Group's operating results.」
The sales ratio for the baking industry was 38.2% and that for YAMAZAKI BAKING CO.,LTD. was 19.8%, numerically down from 45.0% and 26.1%, respectively, in the previous fiscal year. Concentration risk remains explicitly identified. - FY2016First statedAnnual report
「Sales to the baking industry account for 45.0% of net sales. Within the baking industry, sales to YAMAZAKI BAKING CO.,LTD. are particularly significant, accounting for 26.1% of net sales, including sales through trading companies and other intermediaries, and the company's purchasing and production trends may affect the Group's operating results.」
The sales composition shows 45.0% from the baking industry and 26.1% from YAMAZAKI BAKING CO.,LTD., making dependence on the purchasing trends of the customer and industry a risk.