Dependence on a Specific Business Partner
First written in FY2021. 3 of 5 entries say "Mitigated", first in FY2022. Latest entry: FY2025.
The whole theme swung hardest in 2025: 23 of 76 companies on the "Worse" side.
27 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「As of the end of the fiscal year, sales to the customer accounted for a high 19.6% of total sales.」
The sales ratio for N.D. Software Co., Ltd. declined significantly from 33.2% in the previous fiscal year to 19.6%, substantially reducing the concentration of sales to a specific customer. However, the Company explained that the level remained high. - FY2024MitigatedAnnual report
「As of the end of the fiscal year, sales to the customer accounted for a high 33.2% of the Company’s total sales.」
The sales ratio for N.D. Software Co., Ltd. declined from 45.1% in the previous fiscal year to 33.2%, reducing the concentration of sales to a specific customer. However, the Company explained that the level remained high. - FY2023WorsenedAnnual report
「As of the end of the fiscal year, sales to the customer accounted for a high 45.1% of total sales.」
The sales ratio for N.D. Software Co., Ltd. rose from 36.7% in the previous fiscal year to 45.1%, increasing the risk of sales concentration in a specific customer. - FY2022MitigatedAnnual report
「As of the end of the fiscal year, sales to the customer accounted for a high 36.7% of total sales.」
The sales ratio for the specific customer declined from 38.1% in the previous fiscal year to 36.7%, but remained high. - FY2021First statedAnnual report
「As of the end of the fiscal year, the Company’s sales to N.D. Software Co., Ltd. accounted for a high 38.1% of total sales. Accordingly, the customer’s order trends and other factors may affect the Company’s performance.」
The Company quantified its concentration of sales to a specific customer at 38.1% and identified it as a new major risk. It aims to mitigate the impact by developing new customers among mid-sized companies, SaaS providers and public-sector organizations.