Komori
Mitsubishi Research Institute (3636) · RiskMitigated

Risk of sales concentration in the financial industry and changes in customers’ investment policies

First written in FY2016. 11 of 17 entries say "Restated". Latest entry: FY2024.

17entries
9years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2018-Q1 – FY2019-Q3WorsenedFY2019 – FY2020RestatedFY2021-Q1 – FY2023-Q32016: 12017: 420172018: 220182019: 420192020: 120202021: 120212022: 120222023: 220232024: 12024
Same theme, other companies
Revenue dependence on financial institutions, particularly regional financial institutionsA theme 4 companies write about · 4 as a headwind · 0 as a tailwind

1 other company's latest entry also says "Mitigated".

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. FY2024MitigatedAnnual report

    「During the current fiscal year, sales to the financial industry by our Group accounted for 45.3% of consolidated sales.」

    The proportion of sales to the financial industry decreased from 45.6% in the previous fiscal year to 45.3%, but the business environment of the financial industry, customers' business conditions and changes in investment policies continue to be identified as risks.
  2. FY2023WorsenedAnnual report

    「During the current fiscal year, sales to the financial industry by our Group accounted for 45.6% of consolidated sales.」

    Sales to the financial industry accounted for 45.6%, indicating an increase in sales concentration from 45.0% in the previous fiscal year.
  3. FY2023-Q3RestatedAnnual report

    「During the cumulative nine-month period, there were no new business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    The disclosure states that there have been no material changes in the existing risks concerning concentration of sales in the financial industry and changes in customers' information systems investment policies.
  4. FY2022-Q1RestatedAnnual report

    「No new business or other risks arose during the cumulative first quarter of the current fiscal year. There were also no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    The disclosure states that there have been no material changes in the existing risks concerning concentration of sales in the financial industry and changes in customers' information systems investment policies.
  5. FY2021-Q1RestatedAnnual report

    「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

    The disclosure states that there have been no material changes in the existing risks concerning concentration of sales in the financial industry and changes in customers' information systems investment policies.
  6. FY2020WorsenedAnnual report

    「During the current fiscal year, sales to the financial industry by our Group accounted for 45.0% of consolidated sales. In addition to active investment in information systems related to regulatory and institutional compliance and information security, the Group continues to receive orders for consulting services related to product development and risk management based on analysis of internal data.」

    The proportion of sales to the financial industry increased from 44.7% in the previous fiscal year to 45.0%, indicating a numerical increase in sales concentration risk.
  7. FY2019WorsenedAnnual report

    「During the current fiscal year, sales to the financial industry by our Group accounted for 44.7% of consolidated sales. A sudden change in the business environment, a change in the business conditions of a major customer or a change in information systems investment policies could affect business performance.」

    The proportion of sales to the financial industry increased from the previously disclosed 44.6% to 44.7%, indicating a numerical increase in the risk associated with concentration of sales in the financial industry.
  8. FY2019-Q3RestatedAnnual report

    「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

    The disclosure states that there have been no new developments or material changes in the existing risks concerning concentration of sales in the financial industry and changes in customers' information systems investment policies.
  9. FY2019-Q2RestatedAnnual report

    「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

    The disclosure states that there have been no new developments or material changes in the existing risks concerning concentration of sales in the financial industry and changes in customers' information systems investment policies.
  10. FY2019-Q1RestatedAnnual report

    「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

    The disclosure states that there have been no new developments or material changes in the existing risks concerning concentration of sales in the financial industry and changes in customers' information systems investment policies.
  11. FY2018-Q3RestatedAnnual report

    「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

    The disclosure states that there have been no new developments or material changes in the existing risks concerning concentration of sales in the financial industry and changes in customers' information systems investment policies.
  12. FY2018-Q1RestatedAnnual report

    「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

    The disclosure states that there have been no new developments or material changes in the existing risks concerning concentration of sales in the financial industry and changes in customers' information systems investment policies.
  13. FY2017WorsenedAnnual report

    「During the current fiscal year, sales to the financial industry by our Group accounted for 44.6% of consolidated sales. A sudden change in the business environment, a change in the business conditions of a major customer or a change in information systems investment policies could affect business performance.」

    The proportion of sales to the financial industry increased from the previously disclosed 43.5% to 44.6%, indicating a numerical increase in sales concentration risk.
  14. FY2017-Q3RestatedAnnual report

    「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

    The comprehensive risk disclosure concerning concentration of sales in the financial industry and the risk of changes in customers' investment policies continues, with no material changes.
  15. FY2017-Q2RestatedAnnual report

    「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

    The comprehensive risk disclosure concerning concentration of sales in the financial industry and the risk of changes in customers' investment policies continues, with no material changes.
  16. FY2017-Q1RestatedAnnual report

    「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」

    Although the individual risks have not been restated, it is expressly stated that no new risks have arisen and that there have been no material changes to the risks described in the previous fiscal year.
  17. FY2016First statedAnnual report

    「During the current fiscal year, sales to the financial industry accounted for 43.5% of consolidated sales. A sudden change in the business environment, a change in the business conditions of a major customer or a change in information systems investment policies could affect business performance.」

    The disclosure presents the proportion of sales to the financial industry and identifies changes in the industry's business environment, the business conditions of major customers and IT investment policies as risks.
Moved together

"Strengthening strategic planning and policy proposal capabilities" moved the same way as this thread, in the same document, in 4 of its 17 moves.

433332★123456
  1. ★This thread
  2. 1Strengthening strategic planning and policy proposal capabilities4×
  3. 2Sustainable Growth of People and Organizations3×
  4. 3Risk of Unprofitable System Development3×
  5. 4Solving Challenges and Providing End-to-End Support through Think & Act3×
  6. 5Dependence on Government Contracts and Order Intake and Compliance Risks3×
  7. 6Future Society Scenario Study for 2050 and 20302×

★ 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.

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Mitsubishi Research Institute's next results are scheduled for 2026-11-04. Read the earnings preview
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