Dependence on Sales to Specific Customers
First written in FY2016. 5 of 37 entries say "Worsened", first in FY2019. Latest entry: FY2026.
The whole theme swung hardest in 2025: 22 of 69 companies on the "Worse" side.
21 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「The proportion of total sales accounted for by the top 3 customers of the Group was high at 51.3% in the fiscal year ending March 2026.」
The proportion of sales accounted for by the top 3 customers declined from 52.0% in the previous fiscal year to 51.3%. The proportion remains high, and the risk of reliance on specific customers continues. - 2026-05-13MitigatedEarnings
「Nomura Research Institute,Ltd. 6,525 35.8」
The proportion of sales to Nomura Research Institute,Ltd., a major customer, declined from 36.9% in the previous fiscal year to 35.8%. The concentration itself continued. - FY2026-H1Updated major customer concentration for the interim periodAnnual report
「Nomura Research Institute,Ltd. 3,305 37.5 3,221 36.0」
Sales to Nomura Research Institute,Ltd. were ¥3,221 million, representing 36.0% of total sales, down from 37.5% in the interim period of the previous fiscal year. The level of reliance on major customers continues to be disclosed. - FY2025-H1Updated major customer concentration for the interim periodAnnual report
「Nomura Research Institute,Ltd. 3,299 38.1 3,305 37.5」
Sales to Nomura Research Institute,Ltd. were ¥3,305 million, representing 37.5% of total sales, down from 38.1% in the interim period of the previous fiscal year. The level of reliance on major customers continues to be disclosed. - FY2024WorsenedAnnual report
「The Group's top 3 customers by revenue accounted for a high 53.1% of total revenue in the fiscal year ended March 2024.」
The top 3 customers' share of revenue rose to 53.1% from 52.0% in the previous fiscal year, indicating an increase in dependence on specific customers on a numerical basis. - FY2024-Q3Updated the major-customer concentration ratio for the cumulative third quarterAnnual report
「Nomura Research Institute,Ltd. 4,887 37.5 4,934 37.9」
Sales to Nomura Research Institute,Ltd. were ¥4,934 million, representing 37.9% of total sales, up from 37.5% in the same period of the previous year. Dependence on major customers continues. - FY2024-Q2Updated the major-customer concentration ratio for the cumulative second quarterAnnual report
「Nomura Research Institute,Ltd. 3,300 37.5 3,299 38.1」
Sales to Nomura Research Institute,Ltd. were ¥3,299 million, representing 38.1% of total sales, up from 37.5% in the same period of the previous year. Dependence on major customers continues. - FY2024-Q1Updated the first-quarter customer concentration ratioAnnual report
「Nomura Research Institute,Ltd. 1,668 37.6 1,660 38.3」
Sales to Nomura Research Institute,Ltd. were ¥1,660 million, representing 38.3% of total sales, up from 37.6% in the same quarter of the previous year. - FY2023MitigatedAnnual report
「The Group's top 3 customers by revenue accounted for a high 52.0% of total revenue in the fiscal year ended March 2023.」
The top 3 customers' share of revenue edged up to 52.0% from 51.8% in the previous fiscal year. The Group stated that dependence on specific customers remains high. - FY2023-Q3Updated the major-customer concentration ratio for the cumulative third quarterAnnual report
「Nomura Research Institute,Ltd. 4,544 37.2 4,887 37.5」
Sales to Nomura Research Institute,Ltd. were ¥4,887 million, representing 37.5% of total sales, up from 37.2% in the same period of the previous year. The Group continued to disclose its dependence on major customers. - FY2023-Q2Updated the major-customer concentration ratio for the cumulative second quarterAnnual report
「Nomura Research Institute,Ltd. 2,973 37.6 3,300 37.5」
Sales to Nomura Research Institute,Ltd. were ¥3,300 million, representing 37.5% of total sales. Although this was slightly down from 37.6% in the same period of the previous year, dependence on major customers continues. - FY2023-Q1Updated the first-quarter major-customer concentration ratioAnnual report
「Nomura Research Institute,Ltd. 1,441 38.1 1,668 37.6」
Sales to Nomura Research Institute,Ltd. were ¥1,668 million, representing 37.6% of total sales. Although this was down from 38.1% in the same quarter of the previous year, dependence on major customers continues. - FY2022WorsenedAnnual report
「The Group's top 3 customers by revenue accounted for a high 51.8% of total revenue in the fiscal year ended March 2022.」
The top 3 customers' share of revenue rose to 51.8% from 51.2% in the previous fiscal year. Sales to Nomura Research Institute,Ltd. were also ¥6,248 million, representing 37.5% of total sales. - FY2022-Q3WorsenedAnnual report
「Nomura Research Institute,Ltd. 3,956 34.7 4,544 37.2」
Sales to Nomura Research Institute,Ltd. accounted for 37.2% of total sales, up from 34.7% in the same period of the previous year. Dependence on specific customers increased on a numerical basis. - FY2022-Q2WorsenedAnnual report
「Nomura Research Institute,Ltd. 2,618 34.5 2,973 37.6」
Sales to Nomura Research Institute,Ltd. were ¥2,973 million, representing 37.6% of total sales, up from 34.5% in the same period of the previous year. Dependence on specific customers increased on a numerical basis. - FY2022-Q1Updated the first-quarter major-customer concentration ratioAnnual report
「Nomura Research Institute,Ltd. 1,327 35.1 1,441 38.1」
Sales to Nomura Research Institute,Ltd. were ¥1,441 million, representing 38.1% of total sales, up from 35.1% in the same period of the previous year. - FY2021MitigatedAnnual report
「The Group's top 3 customers by revenue accounted for a high 51.2% of total revenue in the fiscal year ended March 2021.」
The top 3 customers' share of revenue fell to 51.2% from 52.5% in the previous fiscal year. However, the ratio remains high, and dependence on specific customers remains a risk. - FY2021-Q3Updated the major-customer concentration ratio for the cumulative third quarterAnnual report
「Nomura Research Institute,Ltd. 4,849 42.7 3,956 34.7 株式会社日本カードネットワーク 492 4.3 1,178 10.3」
Sales to Nomura Research Institute,Ltd. were ¥3,956 million, representing 34.7% of total sales, down from 42.7% in the same period of the previous year. Meanwhile, sales to 株式会社日本カードネットワーク were ¥1,178 million, representing 10.3%. - FY2021-Q2Updated the major-customer concentration ratio for the cumulative second quarterAnnual report
「Nomura Research Institute,Ltd. 3,371 43.7 2,618 34.5 株式会社日本カードネットワーク 321 4.2 809 10.7」
Sales to Nomura Research Institute,Ltd. were ¥2,618 million, representing 34.5% of total sales, down from 43.7% in the same period of the previous year. Meanwhile, sales to 株式会社日本カードネットワーク were ¥809 million, representing 10.7%. - FY2021-Q1Updated the first-quarter customer concentration ratioAnnual report
「Nomura Research Institute,Ltd. 1,695 46.2 1,327 35.1 株式会社日本カードネットワーク 151 4.1 407 10.8」
Sales to Nomura Research Institute,Ltd. were ¥1,327 million, representing 35.1% of total sales, down from 46.2% in the same period of the previous year. Sales to 株式会社日本カードネットワーク were ¥407 million, representing 10.8%. - FY2020MitigatedAnnual report
「The Group's top 3 customers by revenue accounted for a high 52.5% of total revenue in the fiscal year ended March 2020. Accordingly, these customers' business policies, operating performance and financial condition may have an adverse effect on the Group's revenue and profit.」
The top 3 customers' share of revenue fell to 52.5% from 54.4% in the previous fiscal year. The ratio remains high, and customer concentration risk remains. - FY2020-Q3Updated the third-quarter customer concentration ratioAnnual report
「Nomura Research Institute,Ltd. 4,529 41.0 4,849 42.7」
Sales to Nomura Research Institute,Ltd. were ¥4,849 million, representing 42.7% of total sales, up from 41.0% in the same period of the previous year. The Group continued to disclose its dependence on major customers. - FY2020-Q2Updated the second-quarter customer concentration ratioAnnual report
「Nomura Research Institute,Ltd. 2,901 40.5 3,371 43.7」
Sales to Nomura Research Institute,Ltd. were ¥3,371 million, representing 43.7% of total sales, up from 40.5% in the same period of the previous year. The Group continued to disclose its dependence on major customers. - FY2020-Q1Updated the first-quarter customer concentration ratioAnnual report
「Nomura Research Institute,Ltd. 1,410 41.9 1,695 46.2」
Sales to Nomura Research Institute,Ltd. were ¥1,695 million, representing 46.2% of total sales, up from 41.9% in the same period of the previous year. - FY2019WorsenedAnnual report
「The Group's top 3 customers by revenue accounted for a high 54.4% of total revenue in the fiscal year ended March 2019.」
The top 3 customers by revenue accounted for 54.4%, up from 52.7% in the previous fiscal year, and the Group continued to describe its dependence on specific customers as high. - FY2019-Q3Updated the third-quarter customer concentration ratioAnnual report
「Nomura Research Institute,Ltd. 3,956 40.2 4,529 41.0」
Sales to Nomura Research Institute,Ltd. were ¥4,529 million, representing 41.0% of total sales, up from 40.2% in the same period of the previous year. - FY2019-Q2Updated the second-quarter customer concentration ratioAnnual report
「Nomura Research Institute,Ltd. 2,582 40.1 2,901 40.5」
Sales to Nomura Research Institute,Ltd. were ¥2,901 million, representing 40.5% of total sales, up from 40.1% in the same period of the previous year. - FY2019-Q1Updated the first-quarter customer concentration ratioAnnual report
「Nomura Research Institute,Ltd. 1,270 41.7 1,410 41.9」
Sales to Nomura Research Institute,Ltd. were ¥1,410 million, representing 41.9% of total sales, up from 41.7% in the same period of the previous year. - FY2018Updated the full-year customer concentration ratioAnnual report
「The Group's top 3 customers by revenue accounted for a high 52.7% of total revenue in the fiscal year ended March 2018. Accordingly, the Group's results may be affected by these customers' business policies, operating performance and financial condition.」
The top 3 customers by revenue accounted for 52.7%. Although this was down from 58.9% in the previous year, the Group continued to describe its dependence on specific customers as high. - FY2018-Q3Updated the third-quarter customer concentration ratioAnnual report
「Nomura Research Institute,Ltd. 4,236 45.9 3,956 40.2」
Sales to Nomura Research Institute,Ltd. were ¥3,956 million, representing 40.2% of total sales. Although this was down from 45.9% in the same period of the previous year, the Group continued to disclose its dependence on it as a major customer. - FY2018-Q2Updated the second-quarter customer concentration ratioAnnual report
「Nomura Research Institute,Ltd. 2,851 46.0 2,582 40.1」
Sales to Nomura Research Institute,Ltd. were ¥2,582 million, representing 40.1% of total sales. Although this was down from 46.0% in the same period of the previous year, the Group continued to disclose its dependence on it as a major customer. - FY2018-Q1Updated the first-quarter customer concentration ratioAnnual report
「Nomura Research Institute,Ltd. 1,388 45.7 1,270 41.7」
Sales to Nomura Research Institute,Ltd. were ¥1,270 million, representing 41.7% of total sales. Although this was down from 45.7% in the same quarter of the previous year, the Group continued to disclose sales to it as a major customer. - FY2017Updated the full-year customer concentration ratioAnnual report
「The Group's top 3 customers by revenue accounted for a high 58.9% of total revenue in the fiscal year ended March 2017.」
The top 3 customers by revenue accounted for 58.9%, down from 59.9% in FY2016. The Group continued to describe its dependence on specific customers as high. - FY2017-Q3Updated the third-quarter customer concentration ratioAnnual report
「Nomura Research Institute,Ltd. 4,046 50.0 4,236 45.9」
Sales to Nomura Research Institute,Ltd. were ¥4,236 million, representing 45.9% of total sales. - FY2017-Q2Updated the quarterly customer concentration ratioAnnual report
「Nomura Research Institute,Ltd. 2,851 46.0」
Sales to Nomura Research Institute,Ltd. were ¥2,851 million, representing 46.0% of total sales. - FY2017-Q1Updated the quarterly customer concentration ratioAnnual report
「Nomura Research Institute,Ltd. 1,299 48.9 1,388 45.7」
Sales to Nomura Research Institute,Ltd. were ¥1,388 million in the quarter, representing 45.7% of total sales, according to the disclosure of sales by major customer. - FY2016First statedAnnual report
「As a result, the Group's top 3 customers by revenue accounted for a high 59.9% of total revenue in the fiscal year ended March 2016. Accordingly, the Group's results may be affected by these customers' business policies, operating performance and financial condition.」
The Group disclosed that its top 3 customers by revenue accounted for 59.9% of sales in FY2016.