Dependence on the automotive-related industry and the Toyota Group
First written in FY2016. 26 of 35 entries say "Restated". Latest entry: FY2026-H1.
Meiji Electric Industries moved to the "Worse" side of this theme in 2025, 5 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 11 of 20 companies on the "Worse" side.
8 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「Among the Group’s major customers in the manufacturing sector, its largest customers are companies in the automotive-related industry. Accordingly, the Group is closely linked to trends in the automotive industry and its customers’ capital investment trends, which may affect the Group’s business performance.」
Dependence on capital investment trends in the automotive-related industries and among major customers continues to be disclosed as a risk that could affect business performance. - FY2025WorsenedAnnual report
「Sales to the automotive-related industries were ¥27,695.593 million, ¥30,020.958 million, ¥29,372.676 million, ¥33,363.950 million and ¥37,722.191 million, accounting for 47.5%, 49.5%, 45.8%, 50.8% and 53.6% of total sales, respectively. Sales to the Toyota Group were ¥27,199.469 million, ¥29,160.947 million, ¥29,936.629 million, ¥31,796.159 million and ¥34,994.788 million, accounting for 46.7%, 48.0%, 46.7%, 48.4% and 49.7% of total sales, respectively.」
In the fiscal year ended March 2025, the automotive-related industries accounted for 53.6% of total sales and the Toyota Group accounted for 49.7%, both up from the previous fiscal year, increasing the level of dependence. - FY2025-H1RestatedAnnual report
「Among the Group’s major customers in the manufacturing sector, its largest customers are companies in the automotive-related industry. Accordingly, the Group is closely linked to trends in the automotive industry and its customers’ capital investment trends, which may affect the Group’s business performance.」
Dependence on capital investment trends in the automotive-related industries and among major customers continues to be disclosed as a risk that could affect business performance. - FY2024WorsenedAnnual report
「Sales to the automotive-related industries were ¥38,194.057 million, ¥27,695.593 million, ¥30,020.958 million, ¥29,372.676 million and ¥33,363.950 million, accounting for 53.0%, 47.5%, 49.5%, 45.8% and 50.8% of total sales, respectively. Sales to the Toyota Group were ¥36,769.501 million, ¥27,199.469 million, ¥29,160.947 million, ¥29,936.629 million and ¥31,796.159 million, accounting for 51.0%, 46.7%, 48.0%, 46.7% and 48.4% of total sales, respectively.」
In the fiscal year ended March 2024, sales to the automotive-related industries accounted for 50.8% of total sales and sales to the Toyota Group accounted for 48.4%, both up from 45.8% and 46.7%, respectively, in the previous fiscal year. - FY2024-Q3RestatedAnnual report
「Among the Group’s major customers in the manufacturing sector, its largest customers are companies in the automotive-related industry. Accordingly, the Group is closely linked to trends in the automotive industry and its customers’ capital investment trends, which may affect the Group’s business performance.」
Dependence on capital investment trends in the automotive-related industries and among major customers continues to be disclosed as a risk that could affect business performance. - FY2024-Q2RestatedAnnual report
「Among the Group’s major customers in the manufacturing sector, its largest customers are companies in the automotive-related industry. Accordingly, the Group is closely linked to trends in the automotive industry and its customers’ capital investment trends, which may affect the Group’s business performance.」
Dependence on capital investment trends in the automotive-related industries and among major customers continues to be disclosed as a risk that could affect business performance. - FY2024-Q1RestatedAnnual report
「Among the Group’s major customers in the manufacturing sector, its largest customers are companies in the automotive-related industry. Accordingly, the Group is closely linked to trends in the automotive industry and its customers’ capital investment trends, which may affect the Group’s business performance.」
Dependence on capital investment trends in the automotive-related industries and among major customers continues to be disclosed as a risk that could affect business performance. - FY2023MitigatedAnnual report
「Sales to the automotive-related industries were ¥29,372.676 million, accounting for 45.8% of total sales. Sales to the Toyota Group were ¥29,936.629 million, accounting for 46.7%.」
The automotive-related industries' share of sales fell from 49.5% in the previous fiscal year to 45.8%, while the Toyota Group's share fell from 48.0% to 46.7%. Dependence-related risks remain, but the shares declined in the latest fiscal year. - FY2023-Q3RestatedAnnual report
「Among the Group’s major customers in the manufacturing sector, its largest customers are companies in the automotive-related industry. Accordingly, the Group is closely linked to trends in the automotive industry and its customers’ capital investment trends, which may affect the Group’s business performance.」
The company continues to identify its dependence on the automotive-related industry and major customers’ capital investment trends as a risk, as before. - FY2023-Q2RestatedAnnual report
「Among the Group’s major customers in the manufacturing sector, its largest customers are companies in the automotive-related industry. Accordingly, the Group is closely linked to trends in the automotive industry and its customers’ capital investment trends, which may affect the Group’s business performance.」
The company continues to identify its dependence on the automotive-related industry and major customers’ capital investment trends as a risk. - FY2023-Q1RestatedAnnual report
「Among the Group’s major customers in the manufacturing sector, its largest customers are companies in the automotive-related industry. Accordingly, the Group is closely linked to trends in the automotive industry and its customers’ capital investment trends, which may affect the Group’s business performance.」
The company continues to describe its dependence on the automotive-related industry and major customers’ capital investment trends. - FY2022WorsenedAnnual report
「Revenue from the automotive-related industry was ¥30,020.958 million, accounting for 49.5% of total revenue, while revenue from the Toyota Group was ¥29,160.947 million, accounting for 48.0%.」
The automotive-related industry’s share of revenue increased from 47.5% in the previous fiscal year to 49.5%, while the Toyota Group’s share increased from 46.7% to 48.0%, and the company’s dependence increased again. - FY2022-Q3RestatedAnnual report
「Among the Group’s major customers in the manufacturing sector, its largest customers are companies in the automotive-related industry. Accordingly, the Group is closely linked to trends in the automotive industry and its customers’ capital investment trends, which may affect the Group’s business performance.」
The company continues to identify its dependence on the automotive-related industry and major customers’ capital investment trends as a risk, as before. - FY2022-Q2RestatedAnnual report
「Among the Group’s major customers in the manufacturing sector, its largest customers are companies in the automotive-related industry. Accordingly, the Group is closely linked to trends in the automotive industry and its customers’ capital investment trends, which may affect the Group’s business performance.」
The company continues to describe its dependence on the automotive-related industry and major customers’ capital investment trends. It states that there were no new risks or material changes in business and other risks. - FY2022-Q1RestatedAnnual report
「Among the Group’s major customers in the manufacturing sector, its largest customers are companies in the automotive-related industry. Accordingly, the Group is closely linked to trends in the automotive industry and its customers’ capital investment trends, which may affect the Group’s business performance.」
The company continues to describe its dependence on the automotive-related industry and major customers’ capital investment trends. - FY2021MitigatedAnnual report
「Revenue from the automotive-related industry was ¥27,695.593 million, accounting for 47.5% of total revenue, while revenue from the Toyota Group was ¥27,199.469 million, accounting for 46.7%.」
The automotive-related industry’s share of revenue declined from 53.0% in the previous fiscal year to 47.5%, while the Toyota Group’s share declined from 51.0% to 46.7%. However, the company continues to state that its dependence remains high and that its performance may be affected by capital investment trends. - FY2021-Q3RestatedAnnual report
「Among the Group’s major customers in the manufacturing sector, its largest customers are companies in the automotive-related industry. Accordingly, the Group is closely linked to trends in the automotive industry and its customers’ capital investment trends, which may affect the Group’s business performance.」
The company continues to describe its dependence on the automotive-related industry, its major customer, and its capital investment trends on the basis that there have been no material changes. - FY2021-Q2RestatedAnnual report
「Among the Group’s major customers in the manufacturing sector, its largest customers are companies in the automotive-related industry. Accordingly, the Group is closely linked to trends in the automotive industry and its customers’ capital investment trends, which may affect the Group’s business performance.」
The company continues to describe its dependence on the automotive-related industry, its major customer, and its capital investment trends. It states that there were no material changes in business and other risks. - FY2021-Q1RestatedAnnual report
「Among the Group’s major customers in the manufacturing sector, its largest customers are companies in the automotive-related industry. Accordingly, the Group is closely linked to trends in the automotive industry and its customers’ capital investment trends, which may affect the Group’s business performance.」
The company continues to describe its dependence on the automotive-related industry, its major customer, and its capital investment trends. - FY2020WorsenedAnnual report
「Revenue from the automotive-related industry accounted for 53.0% of total revenue, while revenue from the Toyota Group accounted for 51.0%.」
The automotive-related industry’s share of revenue increased from 48.6% in the previous fiscal year to 53.0%, while the Toyota Group’s share increased from 49.0% to 51.0%, further increasing the company’s dependence. - FY2020-Q3RestatedAnnual report
「Among the Group’s major customers in the manufacturing sector, its largest customers are companies in the automotive-related industry. Accordingly, the Group is closely linked to trends in the automotive industry and its customers’ capital investment trends, which may affect the Group’s business performance.」
The company continues to describe its dependence on the automotive-related industry and major customers’ capital investment trends. It states that there were no new risks or material changes in business and other risks. - FY2020-Q2RestatedAnnual report
「Among the Group’s major customers in the manufacturing sector, its largest customers are companies in the automotive-related industry. Accordingly, the Group is closely linked to trends in the automotive industry and its customers’ capital investment trends, which may affect the Group’s business performance.」
The company continues to describe its dependence on the automotive-related industry and major customers’ capital investment trends. It states that there were no new risks or material changes in business and other risks. - FY2020-Q1RestatedAnnual report
「Among the Group’s major customers in the manufacturing sector, its largest customers are companies in the automotive-related industry. Accordingly, the Group is closely linked to trends in the automotive industry and its customers’ capital investment trends, which may affect the Group’s business performance.」
The company continues to describe its dependence on the automotive-related industry and major customers’ capital investment trends. - FY2019WorsenedAnnual report
「Revenue from the automotive-related industry accounted for 48.6% of total revenue, while revenue from the Toyota Group accounted for 49.0%.」
The automotive-related industry’s share of revenue increased from 45.0% in the previous fiscal year to 48.6%, while the Toyota Group’s share increased from 44.9% to 49.0%, further increasing the company’s dependence. - FY2019-Q3RestatedAnnual report
「Among the Group’s major customers in the manufacturing sector, its largest customers are companies in the automotive-related industry. Accordingly, the Group is closely linked to trends in the automotive industry and its customers’ capital investment trends, which may affect the Group’s business performance.」
The company continues to describe its dependence on the automotive-related industry and major customers’ capital investment trends. - FY2019-Q2RestatedAnnual report
「Among the Group’s major customers in the manufacturing sector, its largest customers are companies in the automotive-related industry. Accordingly, the Group is closely linked to trends in the automotive industry and its customers’ capital investment trends, which may affect the Group’s business performance.」
The company continues to describe its dependence on the automotive-related industry and major customers’ capital investment trends. - FY2019-Q1RestatedAnnual report
「Among the Group’s major customers in the manufacturing sector, its largest customers are companies in the automotive-related industry. Accordingly, the Group is closely linked to trends in the automotive industry and its customers’ capital investment trends, which may affect the Group’s business performance.」
The company continues to describe its dependence on the automotive-related industry and major customers’ capital investment trends. It states that there were no new risks or material changes in business and other risks. - FY2018WorsenedAnnual report
「The Group has a high degree of dependence on the automotive-related industry and the Toyota Group in sales of these products and other goods. Accordingly, the Group’s business performance may be affected by capital investment trends in the automotive-related industry and the Toyota Group.」
The revenue composition for the fiscal year ended March 2018 was 45.0% for the automotive-related industry and 44.9% for the Toyota Group, up from 43.5% and 43.7%, respectively, in the previous fiscal year. - FY2018-Q3RestatedAnnual report
「Among the Group’s major customers in the manufacturing sector, its largest customers are companies in the automotive-related industry. Accordingly, the Group is closely linked to trends in the automotive industry and its customers’ capital investment trends, which may affect the Group’s business performance.」
The company continues to describe its dependence on the automotive-related industry and major customers’ capital investment trends on the basis that no new risks or material changes have arisen. - FY2018-Q2RestatedAnnual report
「Among the Group’s major customers in the manufacturing sector, its largest customers are companies in the automotive-related industry. Accordingly, the Group is closely linked to trends in the automotive industry and its customers’ capital investment trends, which may affect the Group’s business performance.」
The company continues to describe its dependence on the automotive-related industry, its major customers, and their capital investment trends. It states that there were no new risks or material changes in business and other risks. - FY2018-Q1RestatedAnnual report
「Among the Group’s major customers in the manufacturing sector, its largest customers are companies in the automotive-related industry. Accordingly, the Group is closely linked to trends in the automotive industry and its customers’ capital investment trends, which may affect the Group’s business performance.」
The company continues to describe its dependence on the automotive industry and major customers’ capital investment trends on the basis that there have been no material changes. - FY2017-Q3RestatedAnnual report
「Among the Group’s major customers in the manufacturing sector, its largest customers are companies in the automotive-related industry. Accordingly, the Group is closely linked to trends in the automotive industry and its customers’ capital investment trends, which may affect the Group’s business performance.」
The company continues to describe its dependence on the automotive industry and major customers’ capital investment trends. - FY2017-Q2RestatedAnnual report
「Among the Group’s major customers in the manufacturing sector, its largest customers are companies in the automotive-related industry. Accordingly, the Group is closely linked to trends in the automotive industry and its customers’ capital investment trends, which may affect the Group’s business performance.」
The company continues to describe its dependence on the automotive industry and major customers’ capital investment trends. It states that there were no new risks or material changes in business and other risks. - FY2017-Q1RestatedAnnual report
「Among the Group’s major customers in the manufacturing sector, its largest customers are companies in the automotive-related industry. Accordingly, the Group is closely linked to trends in the automotive industry and its customers’ capital investment trends, which may affect the Group’s business performance.」
The company continues to describe its dependence on the automotive industry and customers’ capital investment trends. It states that there were no material changes in the risks from the previous fiscal year. - FY2016First statedAnnual report
「The Group has a high degree of dependence on the automotive-related industry and the Toyota Group. Accordingly, the Group’s business performance may be affected by capital investment trends in the automotive-related industry and the Toyota Group.」
The revenue composition for the fiscal year ended March 2016 was 41.2% for the automotive-related industry and 41.4% for the Toyota Group.