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Value Golf (3931) · RiskReframed

Dependence on Specific Customers in the Advertising Media Production Business

First written in FY2017. 1 of 4 entries say "Worsened", first in FY2021. Latest entry: FY2026.

4entries
10years
0from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseFirst statedFY2017WorsenedFY2021RestatedFY20242017: 120172018: 020182019: 020192020: 020202021: 120212022: 020222023: 020232024: 120242025: 020252026: 1
Same theme, other companies
Concentration of transactions with media operators and major customersA theme 7 companies write about · 8 as a headwind · 0 as a tailwind

Value Golf moved to the "Worse" side of this theme in 2026.

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

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. FY2026ReframedAnnual report

    「Our group's other businesses, which accounted for 5.9% of the revenue mix in the fiscal year ended January 2026, comprise the advertising media production, DX promotion and SES businesses. Publishers of information magazines are the main customers of the advertising media production business. Major systems development companies are the main customers of the DX promotion and SES businesses, and each business relies on its main customers for transactions.」

    The scope was broadened from reliance on specific customers in the advertising media production business to reliance on major customers across the other businesses, including the DX promotion and SES businesses.
  2. FY2024RestatedAnnual report

    「Our group's other businesses, which accounted for 1.0% of the revenue mix in the fiscal year ended January 2024, comprised the advertising media production business. This business relies on a small number of specific clients, including publishers of information magazines.」

    The advertising media production business accounted for 1.0% of the revenue mix, and the company continued to disclose the risk of reliance on a small number of specific clients.
  3. FY2021WorsenedAnnual report

    「Our group's other businesses, which accounted for 0.9% of the revenue mix in the fiscal year ended January 2021, comprised the advertising media production and medical businesses. The group's advertising media production business relies on a small number of specific clients, including publishers of information magazines.」

    Although the other businesses' share of the revenue mix had fallen to 0.9%, the company continued to identify the advertising media production business's reliance on a small number of specific customers.
  4. FY2017First statedAnnual report

    「Our group's advertising media production business, which accounted for 11.0% of the revenue mix in the fiscal year ended January 2017, relies on a small number of specific clients, including publishers of information magazines.」

    The company states that the advertising media production business relies on a small number of specific clients, and that a decline in advertising placements, the discontinuation of information magazines or a reduction in the outsourcing ratio could affect performance.
Moved together

"Delay in recovering upfront investment associated with new service development" moved the same way as this thread, in the same document, in 2 of its 4 moves.

22★12
  1. ★This thread
  2. 1Delay in recovering upfront investment associated with new service development2×
  3. 2Shrinking Demand in the Golf Equipment Market and Limits to Product Advancement2×

★ 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
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News
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Dependence on Specific Customers in the Advertising Media Production Business | VALUE GOLF Inc. (3931) | Komori