Concentration of sales among 2 major customers
First written in FY2016. 6 of 12 entries say "Restated". Latest entry: FY2026.
Urbanet Corporation moved to the "Worse" side of this theme in 2020.
The whole theme swung hardest in 2024: 2 of 12 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Mitsui Fudosan Investment Advisors Co., Ltd. 14,960,000 38.0」
In the current fiscal year, sales to Mitsui Fudosan Investment Advisors accounted for 38.0% of revenue, increasing concentration in a single customer from the previous fiscal year’s largest customer share of 23.9%. - 2026-08-06MitigatedRevision of earnings forecasts
「This was due to our proactive efforts to strengthen relationships with purchasers and diversify our sales channels.」
The company demonstrated efforts to address concentration risk among major purchasers by strengthening purchaser relationships and diversifying sales channels. - FY2025RestatedAnnual report
「The main sales results by counterparty were ¥8,100,000 thousand for 三井不動産投資顧問株式会社, ¥7,095,070 thousand for ケネディクス株式会社 and ¥6,636,574 thousand for 東急不動産株式会社.」
Continues to disclose concentration risk among major customers. Sales to the top 3 customers totaled ¥21,831 million, accounting for approximately 64% of sales. - FY2024RestatedAnnual report
「Our group and the customers purchasing its development properties have stable business relationships, and we believe there will be no sudden change in these relationships. However, if an unforeseen event occurs at a major customer, our group's operating results could be affected.」
Continues to disclose customer concentration risk and cites securing sales channels across multiple markets as a response measure. In FY2024, Tokyu Land Corporation and Kenedix accounted for 57.8% of sales. - FY2023RestatedAnnual report
「The group's sales by major customer were ¥3,800 million to M-SMYインベストメント合同会社, ¥3,800 million to 合同会社ゴールドJ, ¥3,447.404 million to 株式会社メイクス, ¥2,212.370 million to 株式会社PIM and ¥2,173.686 million to 株式会社GRAND CITY.」
Discloses sales to multiple major customers and continues to indicate customer concentration risk. - FY2022RestatedAnnual report
「During the current consolidated fiscal year, our group sold much of its development properties to several top customers.」
Continues to disclose sales concentration among several top customers. The top 4 customers accounted for a combined 61.8% of sales, while transactions with multiple customers are also disclosed. - FY2021SoftenedAnnual report
「During the current consolidated fiscal year, our group sold nearly half of its development properties to several top customers.」
The wording changed from more than half sold by the “top 2 customers” in the previous fiscal year to nearly half sold by “several top customers,” broadening the range of concentrated customers and weakening the way the degree of concentration is indicated. - FY2020WorsenedAnnual report
「During the current consolidated fiscal year, our group sold more than half of its development properties to its top 2 customers.」
The disclosure changed from “more than 30%” in the previous fiscal year to “more than half” of sales to the top 2 customers. Actual sales were 41.0% to Y社 and 21.9% to 株式会社明和, for a combined 62.9%. - FY2019RestatedAnnual report
「During the current consolidated fiscal year, our group sold more than 30% of its development properties to the 2 companies 株式会社明和 and 株式会社アセットリード.」
While continuing to disclose sales concentration of more than 30% among 2 major customers, the group cites securing sales channels to other sales companies, end users and funds as a response measure. - FY2018RestatedAnnual report
「During the current consolidated fiscal year, our group sold more than 30% of its development properties to the 2 companies 株式会社明和 and 株式会社アセットリード.」
Continues to disclose sales concentration among 2 major customers, quantified as more than 30%. - FY2017SoftenedAnnual report
「During the current consolidated fiscal year, our group sold more than 30% of its development properties, including condominiums, to 株式会社明和. Our group and both companies have stable business relationships, and we believe there will be no sudden change in these relationships. However, if an unforeseen event occurs at either of these companies, our group's operating results could be affected.」
Compared with the previous disclosure of more than 70% of sales concentrated among 2 major customers, the current risk disclosure has narrowed this to more than 30% for 株式会社明和, while sales results are also distributed among multiple corporations and individuals. - FY2016First statedAnnual report
「During the current consolidated fiscal year, our group sold more than 70% of its development properties, including condominiums, to 株式会社明和 and 株式会社アセットリード.」
Quantitatively indicates that more than 70% of development properties were sold to 2 companies.