Dependence on Specific Business Partners
First written in FY2019. 4 of 6 entries say "Mitigated", first in FY2020-Q1. Latest entry: FY2022.
The whole theme swung hardest in 2017: 12 of 75 companies on the "Worse" side.
40 other companies' latest entry also says "Mitigated".
- FY2022MitigatedAnnual report
「The disclosure is omitted because sales to a particular customer represented no more than 10% of sales to external customers and of sales reported in the consolidated statement of income.」
In FY2022, revenue from a specific customer fell to 10% or less, so the risk of dependence on a specific customer, which had been disclosed separately through the previous fiscal year, was no longer subject to disclosure. - FY2021MitigatedAnnual report
「The disclosure is omitted because sales to a particular customer represented no more than 10% of sales to external customers and of sales reported in the consolidated statement of income.」
For the full fiscal year, revenue from a single major customer fell to 10% or less, so the risk of revenue concentration in a specific customer was no longer subject to disclosure. - FY2020-Q3MitigatedAnnual report
「For Square Enix Co., Ltd. in the cumulative third-quarter period, the amount is omitted because the ratio was less than 10%.」
Square Enix's share of revenue fell from 10.3% in the previous quarter to below 10% in the current quarter, reducing the risk of revenue concentration in a specific customer. - FY2020-Q2WorsenedAnnual report
「Square Enix Co., Ltd. 1,052,728 10.3」
Although Square Enix's share of revenue fell from 12.5% in the same period of the previous year to 10.3%, it rose back above 10% from below 10% in FY2020-Q1, making the risk of revenue concentration in a specific customer subject to disclosure again. - FY2020-Q1MitigatedAnnual report
「For Square Enix Co., Ltd. in the cumulative first-quarter period, the amount is omitted because the ratio was less than 10%.」
Because Square Enix's share of revenue, which was 12.5% for the full previous fiscal year, can be read as having fallen below 10% in the first quarter, revenue concentration in a specific customer declined during the quarter. - FY2019First statedAnnual report
「Revenue from Square Enix Co., Ltd. accounts for 12.5% of the Group's total revenue from customer companies. We currently maintain a good relationship with this customer, but changes in its business policies or financial condition could affect the Group's business and results.」
Revenue concentration in Square Enix was quantified at 12.5%, and changes in the customer's business policies and financial condition were disclosed as a business performance risk for the first time as a separate item.