Dependence on Sales to Large Customers
First written in FY2025. 2 of 4 entries say "Restated". Latest entry: 2026-05-27.
Forcia moved to the "Worse" side of this theme in 2026, 3 years after the typical company in this theme (2023).
The whole theme swung hardest in 2025: 22 of 69 companies on the "Worse" side.
11 other companies' latest entry also says "Restated".
- 2026-05-27RestatedManagement Planning
「Our revenue is relatively highly dependent on certain major customers. Changes in their investment plans or business policies, or a reduction or termination of business relationships, could affect our revenue and profit.」
The company continued to identify dependence on major customers as a key risk and cited expansion into the standard and basic segments as a response. - FY2026WorsenedAnnual report
「Our revenue is relatively highly dependent on certain major customers. Changes in their investment plans or business policies, or a reduction or termination of business relationships, could affect our revenue and profit.」
The top three customers’ share of revenue rose from 41.8% in the previous fiscal year to approximately 43.1% in FY2026, indicating greater concentration among major customers. - FY2026-H1RestatedAnnual report
「During the six-month period, there were no material changes in the occurrence of major risks that management recognises as potentially having a material impact on the company’s financial position, results of operations or cash flow, among the matters concerning the business and accounting situation described in the semiannual report, nor were there any material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company stated that there were no material changes concerning its dependence on major customers for revenue. - FY2025First statedAnnual report
「The top three major customers accounted for 41.8% of our revenue for the fiscal year ended February 2025: Club Tourism International Inc. 20.4%, JTB Corp. 11.4% and Nippon Travel Agency Co., Ltd. 10.0%.」
The company disclosed that the top three customers account for 41.8% of revenue as a risk, with expanding the customer base and collaborating with external partners identified as countermeasures.