Dependence on the relationship with Yellow Hat
First written in FY2016. 16 of 25 entries say "Restated". Latest entry: 2026-06-24.
Hotman moved to the "Worse" side of this theme in 2023.
The whole theme swung hardest in 2025: 2 of 6 companies on the "Worse" side.
8 other companies' latest entry also says "Restated".
- 2026-06-24RestatedGovernance
「株式会社イエローハット（以下、「同社」という。）は当社株式の15.6％を所有しており、同社は「その他の関係会社」（当社が他の会社の関連会社である場合における当該他の会社）であります。」
イエローハットが当社株式15.6％を所有するその他の関係会社であり、継続的な営業取引関係にあることを開示している。依存構造自体の変更は示されていない。 - FY2026SoftenedAnnual report
「Accordingly, purchases from the company accounted for 69.7% of our total purchases during the fiscal year.」
The purchase ratio from YELLOW HAT LTD. decreased from 71.1% in the previous fiscal year to 69.7%. However, the structure of dependence on the principal supplier and franchisor remains in place. - FY2026-H1RestatedAnnual report
「During the current interim accounting period, there was no emergence of new business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
The company disclosed that there had been no material change in the risk associated with dependence on its relationship with YELLOW HAT LTD. - FY2025WorsenedAnnual report
「Accordingly, purchases from the company accounted for 71.1% of our total purchases during the fiscal year.」
The purchase ratio from YELLOW HAT LTD. increased from 70.7% in the previous fiscal year to 71.1%, updating the level of dependence on the principal supplier. - FY2024SoftenedAnnual report
「Accordingly, purchases from the company accounted for 70.7% of our total purchases during the fiscal year.」
The purchase ratio from YELLOW HAT LTD. decreased from 72.1% in the previous fiscal year to 70.7%. However, the structure of dependence on the franchisor and principal supplier for the core business remains in place. - FY2024-Q3RestatedAnnual report
「There were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year during the cumulative third quarter period.」
The company disclosed that there had been no material change in the risk associated with dependence on its relationship with YELLOW HAT LTD. - FY2023SoftenedAnnual report
「Accordingly, purchases from the company accounted for 72.1% of our total purchases during the fiscal year.」
The purchase ratio from YELLOW HAT LTD. decreased from 75.6% in the previous fiscal year to 72.1%. However, the structure of dependence on the principal supplier remains in place. - FY2022-Q3RestatedAnnual report
「There were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year during the cumulative third quarter period.」
The company disclosed that there had been no material change in the risk associated with dependence on its relationship with YELLOW HAT LTD. - FY2021SoftenedAnnual report
「Accordingly, purchases from the company accounted for 75.6% of our total purchases during the fiscal year.」
The purchase ratio from YELLOW HAT LTD. decreased from 78.1% in the previous fiscal year to 75.6%. However, the structure of dependence on the franchisor and principal supplier for the core business remains in place. - FY2020SoftenedAnnual report
「Accordingly, purchases from the company accounted for 78.1% of our total purchases during the fiscal year.」
The purchase ratio from YELLOW HAT LTD. decreased from 78.3% in the previous fiscal year to 78.1%. However, the structure of dependence on the principal supplier remains in place. - FY2020-Q3RestatedAnnual report
「During the nine months ended September, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the prior fiscal year.」
The company disclosed that there had been no material change in the risk associated with dependence on its relationship with YELLOW HAT LTD. - FY2020-Q2RestatedAnnual report
「During the six months ended June, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the prior fiscal year.」
The company disclosed that there had been no material change in the risk associated with dependence on its relationship with YELLOW HAT LTD. - FY2020-Q1RestatedAnnual report
「During the six months ended [current first quarter], there was no emergence of new business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
The company disclosed that there had been no material change in the risk associated with dependence on its relationship with YELLOW HAT LTD. - FY2019WorsenedAnnual report
「Accordingly, purchases from the company accounted for 78.3% of our total purchases during the fiscal year.」
The purchase ratio from YELLOW HAT LTD. increased from 76.3% in the previous fiscal year to 78.3%, updating the quantified level of dependence on the principal supplier. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company disclosed that there had been no material change in the risk associated with dependence on its relationship with YELLOW HAT LTD. - FY2019-Q2RestatedAnnual report
「During the six months ended June, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the prior fiscal year.」
The company disclosed that there had been no material change in the risk associated with dependence on its relationship with YELLOW HAT LTD. - FY2019-Q1RestatedAnnual report
「During the six months ended [current first quarter], there was no emergence of new business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
The company disclosed that there had been no material change in the risk associated with dependence on its relationship with YELLOW HAT LTD. - FY2018RestatedAnnual report
「Accordingly, purchases from the company accounted for 76.3% of our total purchases during the fiscal year.」
The company disclosed that purchases from YELLOW HAT LTD. accounted for 76.3% and reaffirmed the structure in which it is the principal franchisor and supplier. - FY2018-Q2RestatedAnnual report
「During the six months ended June, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the prior fiscal year.」
The company continues to disclose that there has been no material change in the risk associated with dependence on its relationship with YELLOW HAT LTD. - FY2018-Q1RestatedAnnual report
「During the six months ended [current first quarter], there was no emergence of new business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
The company disclosed that there had been no material change in the risk associated with dependence on its relationship with YELLOW HAT LTD. - FY2017SoftenedAnnual report
「Accordingly, purchases from the company accounted for 76.1% of our total purchases during the fiscal year.」
The purchase ratio from YELLOW HAT LTD. decreased from 77.6% in the previous disclosure to 76.1%. Meanwhile, the structure in which the company is the franchisor and principal supplier for the core business remains in place. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company disclosed that there had been no material change in the risk associated with dependence on its relationship with YELLOW HAT LTD. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company disclosed that there had been no material change in the risk associated with dependence on its relationship with YELLOW HAT LTD. - FY2017-Q1RestatedAnnual report
「During the three-month period ended June 30, there were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year.」
The company disclosed that there had been no material change in the risk associated with dependence on its relationship with YELLOW HAT LTD. - FY2016First statedAnnual report
「YELLOW HAT LTD. is an other affiliated company of our group, with 15.1% of the company owned by it as of 31 March 2016, and our group is an equity-method affiliate of the company. Although we may purchase products from other suppliers with the company’s prior approval, we are generally required to purchase products from the company. Accordingly, purchases from the company accounted for 77.6% of our group’s total purchases during the fiscal year.」
The company provides specific details on the capital relationship, key business agreements and purchase ratio, and explains the potential impact of termination of the agreements and other events.