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No.1 (3562) · RiskSoftened

Dependence on Lease Sales and Risk of Changes in Business Partners’ Policies

First written in FY2017. 4 of 8 entries say "Softened", first in FY2018. Latest entry: FY2025.

8entries
9years
0from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseWorsenedFY2019 – FY2020SoftenedFY2021 – FY20222017: 120172018: 120182019: 120192020: 120202021: 120212022: 120222023: 020232024: 120242025: 12025
Same theme, other companies
Revenue dependence on the lease sales channelA theme 4 companies write about · 4 as a headwind · 0 as a tailwind

No.1 moved to the "Worse" side of this theme in 2018.

0 other companies' latest entry also says "Softened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2025SoftenedAnnual report

    「The Group sells products through leases, and revenue from these sales accounted for 42.5% of the Group's consolidated net sales for the fiscal year ended February 2025.」

    The ratio of lease sales to consolidated net sales declined from 45.4% in the previous fiscal year to 42.5%. Diversification measures through web marketing, the product lineup and No.1 Business Support have also continued.
  2. FY2024WorsenedAnnual report

    「The Group sells products through leases, and revenue from these sales accounted for 45.4% of the Group's consolidated net sales for the fiscal year ended February 2024.」

    The ratio of lease sales dependence rose from 41.3% in the previous fiscal year to 45.4%. Meanwhile, diversification measures through web marketing, the product lineup and No.1 Business Support have continued.
  3. FY2022SoftenedAnnual report

    「The Group sells products through leases, and revenue from these sales accounted for 41.3% of the Group's consolidated net sales for the fiscal year ended February 2022. The Group is working to reduce risks from changes in the lease business environment by diversifying its sales methods through web marketing, expanding its product lineup and diversifying its revenue structure through No.1 Business Support.」

    The ratio of lease sales dependence declined from 47.5% in the previous fiscal year to 41.3%, and the Group describes revenue diversification through sales methods, products and business support as a risk-reduction measure.
  4. FY2021SoftenedAnnual report

    「The Group sells products through leases, and revenue from these sales accounted for 47.5% of the Group's consolidated net sales for the fiscal year ended February 2021.」

    The ratio of lease sales dependence declined from 60.9% in the previous fiscal year to 47.5%, and the Group also describes diversification of its revenue structure through web marketing, its product lineup and No.1 Business Support.
  5. FY2020WorsenedAnnual report

    「The Group sells products through leases, and revenue from these sales accounted for 60.9% of the Group's consolidated net sales for the fiscal year ended February 2020.」

    The ratio of lease sales dependence rose from 58.6% in the previous fiscal year to 60.9%. It also states that lease sales through a particular leasing company accounted for 55.0%.
  6. FY2019WorsenedAnnual report

    「The Group sells products through leases, and revenue from these sales accounted for 58.6% of the Group's consolidated net sales for the fiscal year ended February 2019.」

    The ratio of lease sales dependence rose from 51.8% in the previous fiscal year to 58.6%. It also states that lease sales through a particular leasing company accounted for 55.1%.
  7. FY2018SoftenedAnnual report

    「The Group sells products through leases, and revenue from these sales accounted for 51.8% of the Group's consolidated net sales for the fiscal year ended February 2018. Of this amount, lease sales through a particular leasing company accounted for 66.9% for the fiscal year ended February 2018.」

    The ratio of lease sales to consolidated net sales declined from 59.5% in the previous fiscal year to 51.8%, while the newly disclosed concentration ratio for a particular leasing company was 66.9%.
  8. FY2017First statedAnnual report

    「The Group sells products through leases, and revenue from these sales accounted for 59.5% of the Group's consolidated net sales for the fiscal year ended February 2017.」

    Indicates that changes in leasing companies' management policies and credit decisions may affect performance.
Moved together

"Dilution of Share Value from the Exercise of Stock Acquisition Rights" moved the same way as this thread, in the same document, in 7 of its 8 moves.

743222★123456
  1. ★This thread
  2. 1Dilution of Share Value from the Exercise of Stock Acquisition Rights7×
  3. 2Improvement in Operating Margin4×
  4. 3Uncertainty over the Outlook Due to Trade Frictions and Geopolitical Risks3×
  5. 4Cyberattack and Information Leakage Risk2×
  6. 5Sales and Profit Growth Record2×
  7. 6Policy of Prioritizing Retained Earnings and Upfront Investment, with No Dividends2×

★ 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
No upcoming earnings preview for No.1 yet.
News
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Dependence on Lease Sales and Risk of Changes in Business Partners’ Policies | No.1 Co.,Ltd (3562) | Komori