Komori
Horiifoodservice (3077) · RiskWorsened

Dependence on purchases from ホリイ物流

First written in FY2016. 5 of 9 entries say "Worsened", first in FY2017. Latest entry: FY2025.

9entries
10years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseWorsenedFY2017MitigatedFY2019 – FY2021WorsenedFY2022 – FY20242016: 120162017: 120172018: 020182019: 120192020: 020202021: 120212022: 120222023: 120232024: 220242025: 12025
Same theme, other companies
Concentrated dependence on specific suppliersA theme 102 companies write about · 102 as a headwind · 0 as a tailwind

Horiifoodservice moved to the "Worse" side of this theme in 2022, 1 year after the typical company in this theme (2021).

The whole theme swung hardest in 2020: 20 of 63 companies on the "Worse" side.

15 other companies' latest entry also says "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 102 companies compared. The sentences above are computed from all 102.
Full recordFilings, disclosures and news, newest first
  1. FY2025WorsenedAnnual report

    「Purchases from the company accounted for 90.7% of total purchases in the fiscal year ended March 2025, up from 87.1% in the previous fiscal year, remaining at a high level. In particular, most beverages, including alcoholic beverages, are purchased from the company.」

    Dependence on purchases from ホリイ物流 increased from 87.1% in the previous fiscal year to 90.7%, remaining at a high level. ホリイ物流 became a 60%-owned consolidated subsidiary, but the risk arising from dependence on purchases increased numerically.
  2. FY2025-H1ReframedAnnual report

    「Since its founding in 2011, ホリイ物流 has been one of our major suppliers, selling food products, alcoholic beverages, consumables and other items. Its sales are 100% to us, and it was an affiliated company in which we held 20% of the issued shares.」

    Although the risk arising from dependence on purchases from ホリイ物流 itself was described as unchanged in any material respect, the relationship was restructured from an affiliated company to a consolidated subsidiary 60% owned by us. The structure under which 100% of its sales are to us is also described.
  3. FY2024WorsenedAnnual report

    「Purchases from the company accounted for 87.1% of total purchases in the fiscal year ended March 2024, up from 81.6% in the previous fiscal year, remaining at a high level. In particular, most beverages, including alcoholic beverages, are purchased from the company.」

    Dependence on purchases from ホリイ物流 increased from 81.6% to 87.1%, indicating a numerical increase in dependency risk.
  4. FY2023WorsenedAnnual report

    「Purchases from the company accounted for 81.6% of total purchases in the fiscal year ended March 2023, compared with 78.1% in the previous fiscal year, remaining at a high level. In particular, most beverages, including alcoholic drinks, were purchased from the company.」

    Dependence on Horii Logistics for procurement increased from 78.1% in the previous fiscal year to 81.6%, indicating a quantitative increase in dependence risk.
  5. FY2022WorsenedAnnual report

    「Purchases from the company accounted for 78.1% of total purchases in the fiscal year ended March 2022, compared with 77.1% in the previous fiscal year, remaining at a high level. In particular, most beverages, including alcoholic drinks, were purchased from the company.」

    Dependence on Horii Logistics for procurement increased from 77.1% in the previous fiscal year as stated in the annual securities report to 78.1%, remaining high.
  6. FY2021MitigatedAnnual report

    「Purchases from the company accounted for 86.9% of total purchases in the fiscal year ended March 2021, compared with 91.2% in the previous fiscal year, remaining at a high level. In particular, most beverages, including alcoholic drinks, were purchased from the company.」

    Dependence on Horii Logistics for procurement decreased from 91.2% in the previous fiscal year to 86.9%, but remained high.
  7. FY2019MitigatedAnnual report

    「Purchases from the company accounted for 90.8% of total purchases in the fiscal year ended March 2019, a high level. In particular, most beverages, including alcoholic drinks, were purchased from the company.」

    Dependence on Horii Logistics for procurement decreased from 95.7% in the previous fiscal year to 90.8%, but remained high.
  8. FY2017WorsenedAnnual report

    「Purchases from the company accounted for 95.7% of total purchases in the fiscal year ended March 2017, a high level. In particular, most beverages, including alcoholic drinks, were purchased from the company.」

    Dependence on Horii Logistics for procurement increased from 91.6% to 95.7%, indicating a quantitative increase in dependence risk.
  9. FY2016First statedAnnual report

    「Purchases from the company accounted for 91.6% of total purchases in the fiscal year ended March 2016, a high level. In particular, most beverages, including alcoholic drinks, were purchased from the company.」

    Dependence on affiliated company Horii Logistics for procurement was quantified at 91.6%, with changes to contract terms or suspension of transactions identified as risks.
Moved together

"Risks of dependence on core business formats and declining demand for those formats" moved the same way as this thread, in the same document, in 4 of its 9 moves.

433333★123456
  1. ★This thread
  2. 1Risks of dependence on core business formats and declining demand for those formats4×
  3. 2Deterioration in Profit Margins Due to Soaring Raw Material Prices3×
  4. 3Shift from declining revenue to revenue growth3×
  5. 4Regional risk from sales concentration in Northern Kanto and the Tokyo metropolitan area3×
  6. 5Store closures and weak demand caused by the spread of COVID-19, and doubt regarding the going concern assumption3×
  7. 6Expected timing for sales to recover to pre-pandemic levels (around the end of June 2021)3×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Horiifoodservice yet.
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.