Dependence on Specific Business Partners
First written in FY2017. 5 of 11 entries say "Mitigated", first in FY2020. Latest entry: FY2026.
Keyware Solutions moved to the "Worse" side of this theme in 2018, 2 years before the typical company in this theme (2020).
The whole theme swung hardest in 2025: 12 of 25 companies on the "Worse" side.
8 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Subtotal 9,515,583 45.1 11,090,568 48.8 Other general customers 11,585,613 54.9 11,634,339 51.2」
The revenue share of designated customers rose from 45.1% in the previous fiscal year to 48.8%, indicating that dependence increased again. - FY2025MitigatedAnnual report
「Subtotal 9,351,477 45.6 9,515,583 45.1 Other general customers 11,160,501 54.4 11,585,613 54.9」
The revenue share of designated customers declined from 45.6% to 45.1%, while the share of other general customers rose to 54.9%. - FY2024MitigatedAnnual report
「Revenue from these designated customers accounts for approximately 50% of the group's total revenue, indicating a very high degree of dependence on them.」
The revenue share of designated customers declined from 51.0% to 45.6%, while the share of other general customers rose from 49.0% to 54.4%. - FY2023MitigatedAnnual report
「Subtotal 9,557,904 51.9 9,778,249 51.0 Other general customers 8,869,673 48.1 9,395,458 49.0」
The revenue share of designated customers declined from 51.9% to 51.0%, while the share of other general customers rose to 49.0%. - FY2022WorsenedAnnual report
「Subtotal 9,595,039 51.5 9,557,904 51.9 Other general customers 9,032,728 48.5 8,869,673 48.1」
The revenue share of designated customers rose from 51.5% in the comparative previous fiscal year to 51.9% in the current fiscal year, indicating that the high degree of dependence continues. - FY2021MitigatedAnnual report
「Revenue from these designated customers accounts for more than 50% of the group's total revenue, indicating a very high degree of dependence on them.」
The revenue share of designated customers declined from 58.7% in the previous fiscal year to 54.1%, while the share of other general customers rose to 45.9%. The company also describes efforts to establish a structure for acquiring new customers. - FY2020MitigatedAnnual report
「Revenue from these designated customers accounts for approximately 60% of the group's total revenue, indicating a very high degree of dependence on them.」
The revenue share of designated customers declined from 60.5% in the previous fiscal year to 58.7%, while the share of other general customers rose to 41.3%. - FY2019WorsenedAnnual report
「Revenue from these designated customers accounts for approximately 60% of the group's total revenue, indicating a very high degree of dependence on them.」
The revenue share of designated customers rose from 58.7% in the previous fiscal year to 60.5% in the current fiscal year. The share attributable to NEC and its affiliates also rose from 33.9% to 37.1%. - FY2018WorsenedAnnual report
「Revenue from these designated customers accounts for approximately 60% of the group's total revenue, indicating a very high degree of dependence on them.」
The revenue share of designated customers rose from 58.2% in the previous fiscal year to 58.7% in the current fiscal year, quantifying the continued high degree of dependence. - FY2018-Q1RestatedAnnual report
「During the first quarter of the fiscal year, there were no material changes to matters described in the quarterly securities report concerning the business and financial conditions that could have a material impact on investors' decisions, or to the risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to the business and other risks described in the securities report for the previous fiscal year. - FY2017First statedAnnual report
「Revenue from these designated customers accounts for approximately 60% of the group's total revenue, indicating a very high degree of dependence on them. Accordingly, the group's results may be affected by the business performance and other developments of these designated customers.」
The company quantified its revenue dependence on designated customers, including NEC, NTT, JR and Mitsubishi Corporation, at approximately 60% and indicated the potential impact of their business performance.