Changes in the Business Policies of Specific OEM Customers
First written in FY2016. 4 of 11 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2017: 4 of 15 companies on the "Worse" side.
11 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, orders received for office furniture (OEM customers) increased 10.8% year on year. At the end of the interim consolidated accounting period, the order backlog for office furniture (OEM customers) had increased 76.7% year on year.」
The increase in orders received from and the order backlog for a specific OEM customer has continued, reconfirming the upward trend disclosed in the previous fiscal year. - FY2025Increase in OEM order value and order backlogAnnual report
「Office furniture 3,002 102.6 214 120.9」
The OEM order value for office furniture was ¥3,002 million, up 102.6% year on year, while the order backlog was ¥214 million, up 120.9%. Orders related to dependence on a specific customer increased. - FY2024Increase in OEM order value and order backlogAnnual report
「Office furniture 2,927 113.9 177 122.5」
The OEM order value for office furniture was 113.9% of the corresponding period of the previous year, while the order backlog was 122.5%. Orders related to dependence on a specific customer increased. - FY2024-Q2Increase in OEM orders and order backlogAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, orders received for office furniture (OEM customers) increased 38.1% year on year. At the end of the second quarter of the current consolidated fiscal year, the order backlog for office furniture (OEM customers) had increased 131.1% year on year.」
Orders received from a specific OEM customer increased 38.1% year on year, while the order backlog increased 131.1% year on year. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, orders received for office furniture (OEM customers) decreased significantly, down 30.7% year on year.」
Orders received from a specific OEM customer decreased 30.7% year on year, with the decline in orders associated with dependence on OEM customers continuing to emerge after the previous quarter. - FY2022-Q2MaterialisedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, orders received for office furniture (OEM customers) decreased significantly, down 36.5% year on year.」
The risk associated with dependence on a specific OEM customer emerged as an actual decline, with orders received from the OEM customer down 36.5% year on year. - FY2021-Q2Increase in orders from OEM customersAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, orders received for office furniture (OEM customers) increased significantly, up 34.4% year on year.」
It states that orders received from a specific OEM customer increased 34.4% year on year. New demand related to telework IT environments and the GIGA School Initiative is cited as the background to the increase. - FY2018RestatedAnnual report
「The Company has worked with its OEM customers since the product planning and development stages, recognizes them as good partners, and has built strong relationships of trust. However, there is no guarantee that these relationships will continue on the same basis in the future.」
While describing its relationship with a specific OEM customer as strong, it continues to identify the risk of lower sales due to uncertainty over the continuation of the relationship and changes in the customer’s business policy. - FY2018-Q2MaterialisedAnnual report
「Sales and profit decreased year on year due to the combined impact of a reactionary decline following sales recorded from large orders in the corresponding period of the previous year and sluggish sales to OEM customers.」
The dependence on OEM customers, previously identified as a future risk arising from changes in their business policies, emerged this quarter as an actual factor behind lower sales and profit through sluggish sales to OEM customers. - FY2017RestatedAnnual report
「The Company has worked with its OEM customers since the product planning and development stages, recognizes them as good partners, and has built strong relationships of trust. However, there is no guarantee that these relationships will continue on the same basis in the future.」
While describing its relationship with a specific OEM customer as strong, it identifies changes in the customer’s business policy and uncertainty over the continuation of the relationship as risks. - FY2016First statedAnnual report
「Most office furniture sales consist of OEM products sold to specific customers. Changes in the business policies of OEM customers could affect the Group’s performance through lower sales.」
Most office furniture sales are OEM sales to specific customers, creating a risk of lower sales if an OEM customer changes its policies.