Risk of Dependence on Specific Customers
First written in FY2017. 7 of 21 entries say "Materialised", first in FY2018-Q1. Latest entry: 2026-11-13.
Osaka Yuka Industry moved to the "Worse" side of this theme in 2018, 5 years before the typical company in this theme (2023).
The whole theme swung hardest in 2023: 35 of 119 companies on the "Worse" side.
18 other companies' latest entry also says "Restated".
- FY2025WorsenedAnnual report
「As of the consolidated balance sheet date for the period, 58% of trade receivables were due from a particular major customer.」
Sales to ダウ・東レ, 住友商事ケミカル and ENEOS accounted for 30.3%, 15.8% and 11.9%, respectively, with the top 3 customers accounting for 58.0% in total. The filing also discloses that 58% of trade receivables were concentrated with a particular major customer, indicating continued exposure to customer concentration. - FY2025-H1RestatedAnnual report
「In the contract distillation business, although the impact of the contraction of transactions with some major customers remains, demand for semiconductors and electronic materials is improving gradually.」
The filing states that the impact of the contraction of transactions with major customers remains, indicating that the impact arising from dependence on particular customers continues. No new sales-concentration figures were provided. - FY2024WorsenedAnnual report
「Sales to ダウ・東レ株式会社 were ¥281.930 million, accounting for 28.6%, while sales to TOYOBO CO.,LTD. were ¥103.713 million, accounting for 10.5%.」
There were 2 customers accounting for more than 10% of sales. ダウ・東レ's sales share rose from 15.2% in the previous fiscal year to 28.6%, indicating a numerical increase in sales concentration with a particular major customer. The filing also discloses that 39.1% of trade receivables were due from a particular major customer. - FY2024-Q2RestatedAnnual report
「In the contract distillation business, inquiries for distillation projects related to pharmaceuticals, petroleum and other areas remained strong, but the contraction in business with certain major customers that arose in the previous fiscal year and the sharp downturn in projects for semiconductors and electronic materials had a significant impact. Revenue was ¥412.154 million, down 29.9% year on year, and segment profit was ¥117.298 million, down 50.3%.」
The contraction of transactions with major customers that began in the previous fiscal year has continued, and together with the decline in semiconductor- and electronic-materials-related business, its impact continues to be reflected in lower revenue and profit in the contract distillation business. - FY2024-Q1MaterialisedAnnual report
「In the contract distillation business, inquiries for distillation projects related to pharmaceuticals, petroleum and other areas remained strong, but the contraction in business with certain major customers that arose in the previous fiscal year and the sharp downturn in projects for semiconductors and electronic materials had a significant impact. Revenue was ¥206.284 million, down 40.7% year on year, and segment profit was ¥61.097 million, down 65.5%.」
The contraction of transactions with major customers that began in the previous fiscal year has continued and, together with the decline in semiconductor- and electronic-materials-related business, has been reflected in results as lower revenue and profit in the contract distillation business. - FY2023Disclosure of dependence on 4 major customersAnnual report
「Transactions with customers accounting for more than 10% of sales during the consolidated fiscal year were as follows: ダウ・東レ株式会社, ¥188.172 million, 15.2%; TOYOBO CO.,LTD., ¥145.038 million, 11.7%; 住友商事ケミカル株式会社, ¥144.591 million, 11.7%; and 東レ株式会社, ¥129.873 million, 10.5%.」
The number of major customers accounting for more than 10% of sales increased from 2 to 4, with sales shares of 15.2%, 11.7%, 11.7% and 10.5%, respectively. The risk arising from dependence on major customers remains. - FY2023-Q3MaterialisedAnnual report
「In the contract distillation business, in addition to a contraction in business with major customers, semiconductor manufacturers began adjusting inventories and reviewing capital expenditure plans. As a result, inquiries for projects for electronic materials declined, creating signs of a slowdown.」
The contraction of transactions with major customers and inventory adjustments and reviews of capital investment plans by semiconductor manufacturers have been reflected in results as a decline in inquiries for electronic-materials projects. - FY2022Higher sales concentration, lower trade receivables concentrationAnnual report
「住友商事ケミカル株式会社 244.088 20.7 ダウ・東レ株式会社 231.023 19.6 As of the consolidated balance sheet date for the period, 40.3% of trade receivables were due from a particular major customer.」
The sales shares of the 2 major customers were 20.7% for 住友商事ケミカル and 19.6% for ダウ・東レ, up from 16.5% and 17.7%, respectively, in the previous fiscal year. Meanwhile, the concentration of trade receivables with a particular major customer was disclosed at 40.3%, down from 65.6% in the previous fiscal year. - FY2021Additional disclosure on concentration of trade receivablesAnnual report
「As of the consolidated balance sheet date for the period, 65.6% of trade receivables were due from a particular major customer.」
In addition to dependence on major customers, the filing discloses that 65.6% of trade receivables were concentrated with a particular major customer as a concentration of credit risk. Sales shares were 17.7% for ダウ・東レ and 16.5% for 住友商事ケミカル. - FY2020-Q3MaterialisedAnnual report
「In the contract distillation business, projects for electronic materials performed well despite inventory adjustments by some customers due to the impact of COVID-19 and other factors.」
The impact of inventory adjustments by some customers continues, and exposure arising from dependence on a particular major customer has been reflected in results. - FY2020-Q2MaterialisedAnnual report
「Although paid-supplied projects did not translate into revenue during the cumulative second quarter, due to the impact of certain customers' manufacturing cycles and other factors, projects for electronic materials performed well.」
The impact of a particular customer's manufacturing cycle has been reflected in results as revenue not being recognized from paid-supplied projects. - FY2020-Q1RestatedAnnual report
「In the contract distillation business, projects for industrial materials performed well, but the business was affected by inventory adjustments by some major customers resulting from the US-China trade friction. As a result, revenue from the contract distillation business was ¥215.162 million and segment profit was ¥71.752 million.」
The impact of inventory adjustments by a particular major customer continues. Although projects for industrial materials have performed well, the filing also describes the impact of customer concentration. - FY2019Changes in the customer concentration profileAnnual report
「Sales to ダウ・東レ株式会社 were ¥233.004 million, accounting for 21.4%, while sales to 住友商事ケミカル株式会社 were ¥159.125 million, accounting for 14.6%.」
Dependence on the 2 major customers continues. ダウ・東レ's share rose from 20.7% to 21.4%, while 住友商事ケミカル's share declined from 17.0% to 14.6%. - FY2019-Q3MaterialisedAnnual report
「However, sales stagnated due to the impact of inventory adjustments by some major customers resulting from the US-China trade friction, and revenue for the cumulative third quarter was ¥746.101 million, down 7.5% year on year.」
The impact of inventory adjustments by some major customers has been reflected in results as sluggish company-wide revenue and a year-on-year decline. - FY2018WorsenedAnnual report
「Sales to 東レ・ダウコーニング株式会社 were ¥252.004 million, accounting for 20.7%, while sales to 住友商事ケミカル株式会社 were ¥206.437 million, accounting for 17.0%. We will continue working to further improve quality in order to maintain and continue transactions with these major customers. However, if transactions with major customers end or contract substantially due to changes in their policies or other factors, this may affect our operating results and financial condition.」
Dependence on the 2 major customers increased from 20.2% and 15.5% in the previous fiscal year to 20.7% and 17.0%, respectively, indicating a numerical increase in customer concentration. - FY2018-Q3MaterialisedAnnual report
「The volume of transactions involving customer-supplied materials declined due to the impact of manufacturing cycles at some business partners and other factors.」
The impact of a particular customer's manufacturing cycle was reflected in results as a decline in transaction volume for contract processing and paid-supplied projects. - FY2018-Q2RestatedAnnual report
「Orders from some major customers stagnated due to inventory adjustments.」
The impact of inventory adjustments by major customers continues to be reflected in results. - FY2018-Q1MaterialisedAnnual report
「Orders from some major customers stagnated due to inventory adjustments.」
Orders have remained sluggish due to inventory adjustments by major customers, and business exposure to certain major customers has been reflected in results. - FY2017First statedAnnual report
「We will continue working to further improve quality in order to maintain and continue transactions with these major customers. However, if transactions with major customers end or contract substantially due to changes in their policies or other factors, this may affect our operating results and financial condition.」
During the period, sales to 東レ・ダウコーニング accounted for 20.2% and sales to 住友商事ケミカル accounted for 15.5%, quantifying the dependence on major customers.