Komori
Tokuden (3437) · RiskWorsened

Capital Investment Trends Among Major Customers and Customer Concentration

First written in FY2018. 5 of 9 entries say "Worsened", first in FY2019. Latest entry: FY2026.

9entries
9years
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How it moved
ProgressHeldSoftenedWorseWorsenedFY2025 – FY20262018: 120182019: 120192020: 120202021: 120212022: 120222023: 120232024: 120242025: 120252026: 12026
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  1. FY2026WorsenedAnnual report

    「The top 10 customers accounted for 51.8% of the group's net sales in the fiscal year ending March 2026, with steel and automotive companies accounting for the largest shares among these top 10 customers.」

    The top 10 customers' share rose from 47.8% in the previous fiscal year to 51.8%, increasing customer concentration.
  2. FY2025WorsenedAnnual report

    「The top 10 customers accounted for 47.8% of the group's net sales in the fiscal year ended March 2025, with steel and automotive companies accounting for the largest shares among these top 10 customers.」

    The top 10 customers' share of net sales rose from 44.9% in the previous fiscal year to 47.8%, increasing concentration in major customers.
  3. FY2024MitigatedAnnual report

    「The top 10 customers accounted for 44.9% of the group's net sales in the fiscal year ended March 2024, with steel and automotive companies accounting for the largest shares among these top 10 customers.」

    The top 10 customers' share declined from 49.2% in the previous fiscal year to 44.9%, but concentration in the steel and automotive industries continued.
  4. FY2023WorsenedAnnual report

    「The top 10 customers accounted for 49.2% of the group's net sales in the fiscal year ended March 2023, with steel and automotive companies accounting for the largest shares among these top 10 customers.」

    The top 10 customers' share of net sales rose from 44.8% in the previous fiscal year to 49.2%, increasing concentration in major customers and industries.
  5. FY2022MitigatedAnnual report

    「The top 10 customers accounted for 44.8% of the group's net sales in the fiscal year ended March 2022, with steel and automotive companies accounting for the largest shares among these top 10 customers.」

    The top 10 customers' share declined from 48.7% in the previous fiscal year to 44.8%, but concentration in the steel and automotive industries continued.
  6. FY2021WorsenedAnnual report

    「The top 10 customers accounted for 48.7% of the group's net sales in the fiscal year ended March 2021, with steel and automotive companies accounting for the largest shares among these top 10 customers.」

    The top 10 customers' share of net sales rose from 47.0% in the previous fiscal year to 48.7%, and concentration in the steel and automotive industries continued.
  7. FY2020MitigatedAnnual report

    「The top 10 customers accounted for 47.0% of the group's net sales in the fiscal year ended March 2020, with steel and automotive companies accounting for the largest shares among these top 10 customers.」

    The top 10 customers' share declined from 48.2% in the previous fiscal year to 47.0%, but concentration in the steel and automotive industries continued.
  8. FY2019WorsenedAnnual report

    「The top 10 customers accounted for 48.2% of the group's net sales in the fiscal year ended March 2019, with steel and automotive companies accounting for the largest shares among these top 10 customers.」

    The top 10 customers' share of net sales rose from 46.2% in the previous fiscal year to 48.2%, with concentration in the steel and automotive industries described.
  9. FY2018First statedAnnual report

    「The top 10 customers accounted for 46.2% of the group's net sales in the fiscal year ended March 2018, with steel and non-ferrous metals manufacturers accounting for the largest shares among these top 10 customers.」

    The top 10 customers accounted for 46.2% of net sales, indicating that performance may be affected by capital investment demand from the steel and non-ferrous metals manufacturing industries.
Moved together

"Improvement in Cash Flow from Operating Activities" moved the same way as this thread, in the same document, in 7 of its 9 moves.

755433★123456
  1. ★This thread
  2. 1Improvement in Cash Flow from Operating Activities7×
  3. 2Increase in cash and cash equivalents5×
  4. 3Reliance on Specific Suppliers and the Risks to Stable Procurement and Technology Leakage5×
  5. 4Securing Stable Profits and Improving Profitability Indicators4×
  6. 5Development of Next-Generation Products and Improvement of Existing Technologies3×
  7. 6Expanding Orders for Construction Work3×

★ 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
Tokuden's next results are scheduled for 2026-11-12. Read the earnings preview
News
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