Dependence on Sales to Domestic Financial Institutions
First written in FY2022. 1 of 3 entries say "Restated". Latest entry: FY2026.
1 other company's latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Domestic financial transaction operators, banks, and other domestic financial institutions previously accounted for a large proportion of the Group's business. In recent years, however, transactions with non-financial institutions have also expanded, diversifying the customer portfolio.」
While continuing to recognize dependence on domestic financial institutions as a risk, the company identifies diversification of its customer portfolio through expansion of transactions with non-financial institutions and consulting services as a response measure. - FY2023RestatedAnnual report
「The high proportion of revenue derived from domestic financial institutions is a strength and a distinguishing feature of the Group, but sudden changes in IT investment trends or the business environment could have a material adverse effect on its business and performance.」
While regarding its dependence on domestic financial institutions for revenue as a strength, the company continues to recognize the impact of sudden changes in IT investment trends, regulations, and the business environment as a risk. - FY2022First statedAnnual report
「A substantial portion of the Group's revenue comes from existing customer companies through repeat orders generated after system implementation, including functional modifications and responses to changes in laws and regulations, as well as through operations and maintenance and shared-use services. A particularly large proportion comes from domestic financial institutions, including domestic financial transaction operators and banks.」
The company regards its concentration of revenue among existing customers and domestic financial institutions as a strength, while identifying sudden changes in IT investment trends and the business environment as risks that could have an adverse impact.