Komori
System Research (3771) · RiskWorsened

Dependence on Transactions with the Toyota Group and Toyota Motor Corporation

First written in FY2016. 5 of 11 entries say "Worsened", first in FY2018. Latest entry: 2026-07-28.

11entries
11years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2016 – FY2017WorsenedFY2018 – FY2020MitigatedFY2021 – FY20242016: 120162017: 120172018: 120182019: 120192020: 120202021: 120212022: 120222023: 020232024: 120242025: 120252026: 22026
Same theme, other companies
Dependence on sales to Toyota Motor CorporationA theme 9 companies write about · 10 as a headwind · 0 as a tailwind

System Research moved to the "Worse" side of this theme in 2018, 4 years before the typical company in this theme (2022).

The whole theme swung hardest in 2020: 4 of 8 companies on the "Worse" side.

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

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. 2026-07-28WorsenedEarnings

    「㈱トヨタシステムズ 1,169 16.8 1,484 19.9」

    トヨタシステムズ向け販売高の売上高比率が前年同期の16.8%から19.9%へ上昇した。
  2. FY2026WorsenedAnnual report

    「Fiscal year ended March 2025: ¥4,542 million, 17.5% Fiscal year ending March 2026: ¥5,345 million, 18.4%」

    Revenue from sales to Toyota Motor Corporation increased from ¥4,542 million to ¥5,345 million, and the sales ratio rose from 17.5% to 18.4%.
  3. FY2025Revenue increased, while the sales ratio remained flatAnnual report

    「Fiscal year ended March 2024: ¥4,086 million, 17.5% Fiscal year ended March 2025: ¥4,542 million, 17.5%」

    Revenue from sales to Toyota Motor Corporation increased from ¥4,086 million to ¥4,542 million, while the sales ratio remained flat at 17.5%. The company continues its policy of expanding business with other and new customers.
  4. FY2024MitigatedAnnual report

    「Fiscal year ended March 2023: ¥3,855 million, 17.8% Fiscal year ended March 2024: ¥4,086 million, 17.5%」

    Revenue from sales to Toyota Motor Corporation increased, but the sales ratio declined from 17.8% to 17.5%. The company continues its policy of curbing concentration by expanding business with other and new customers.
  5. FY2022MitigatedAnnual report

    「Fiscal year ended March 2021: ¥3,430 million, 21.2% Fiscal year ended March 2022: ¥3,839 million, 20.8%」

    Revenue from sales to Toyota Motor Corporation increased, but the sales ratio declined from 21.2% to 20.8%. The company continues its policy of curbing concentration by expanding business with other and new customers.
  6. FY2021MitigatedAnnual report

    「The company’s policy is to avoid an excessive concentration of sales by expanding transactions with other customers while also promoting the expansion of transactions with the Toyota Group.」

    Revenue from sales to Toyota Motor Corporation declined from ¥3,985 million, or 24.5%, to ¥3,430 million, or 21.2%, and the company also states its policy of avoiding customer concentration by expanding business with other customers.
  7. FY2020WorsenedAnnual report

    「Fiscal year ended March 2019 ¥3,385 million 23.9% Fiscal year ended March 2020 ¥3,985 million 24.5%」

    Sales to TOYOTA MOTOR CORPORATION itself increased from ¥3,385 million to ¥3,985 million, while the proportion of sales rose from 23.9% to 24.5%.
  8. FY2019WorsenedAnnual report

    「Fiscal year ended March 2018 ¥3,017 million 23.6% Fiscal year ended March 2019 ¥3,385 million 23.9% At present, orders, mainly from automotive-related manufacturers, are progressing steadily and transactions with customers remain stable. However, developments in the business of TOYOTA MOTOR CORPORATION could affect the company’s financial performance.」

    The proportion of sales to TOYOTA MOTOR CORPORATION itself rose from 23.6% to 23.9%, while sales increased to ¥3,385 million.
  9. FY2018WorsenedAnnual report

    「Fiscal year ended March 2017 ¥2,710 million 23.4% Fiscal year ended March 2018 ¥3,017 million 23.6% At present, orders, mainly from automotive-related manufacturers, are progressing steadily and transactions with customers remain stable. However, developments in the business of TOYOTA MOTOR CORPORATION could affect the company’s financial performance.」

    The proportion of sales to TOYOTA MOTOR CORPORATION itself rose from 23.4% to 23.6%, while sales increased to ¥3,017 million.
  10. FY2017RestatedAnnual report

    「At present, orders, mainly from automotive-related manufacturers, are progressing steadily and transactions with customers remain stable. However, developments in the business of TOYOTA MOTOR CORPORATION could affect the company’s financial performance.」

    Sales to TOYOTA MOTOR CORPORATION itself rose from 23.8% of sales in the fiscal year ended March 2016 to 23.4% in the fiscal year ended March 2017, while sales increased from ¥2,495 million to ¥2,710 million. The company continues to identify dependence on a major customer as a risk.
  11. FY2016First statedAnnual report

    「At present, orders, mainly from automotive-related manufacturers, are progressing steadily and transactions with the company’s customers remain stable. However, developments in the business of TOYOTA MOTOR CORPORATION could affect the company’s financial performance.」

    Sales to TOYOTA MOTOR CORPORATION itself accounted for 22.7% in the fiscal year ended March 2015 and 23.8% in the fiscal year ended March 2016, and are described as a customer concentration risk.
Moved together

"Development of Cloud Services and E-commerce-Related Business" moved the same way as this thread, in the same document, in 4 of its 11 moves.

443333★123456
  1. ★This thread
  2. 1Development of Cloud Services and E-commerce-Related Business4×
  3. 2High SE Utilization and Improved Gross Margin4×
  4. 3Increase in Operating Cash Flow and Accumulation of Cash3×
  5. 4Recovery in the Information Services Industry and Growth in Software Demand3×
  6. 5Risk of low-profitability projects arising3×
  7. 6Organizational Expansion and Strengthening of Management Systems3×

★ 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
System Research's next results are scheduled for 2026-10-28. Read the earnings preview It last moved in the Earnings of 2026-07-28: "Worsened".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.