Komori
Ryoyu Systems (4685) · RiskWorsened

Revenue concentration risk involving major customers and customer diversification

First written in FY2016. 21 of 27 entries say "Restated". Latest entry: FY2026.

27entries
11years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2019-Q3RestatedFY2021-Q1 – FY2024-Q32016: 120162017: 220172018: 320182019: 420192020: 420202021: 320212022: 220222023: 220232024: 320242025: 220252026: 12026
Same theme, other companies
Dependence on business dealings with a specific corporate groupA theme 2 companies write about · 2 as a headwind · 0 as a tailwind

Ryoyu Systems moved to the "Worse" side of this theme in 2025.

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

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. FY2026WorsenedAnnual report

    「Mitsubishi Heavy Industries,Ltd. 22,563 52.8 26,432 61.1」

    Revenue attributable to Mitsubishi Heavy Industries,Ltd. increased from 52.8% in the previous fiscal year to 61.1%, indicating increased revenue concentration involving a major customer.
  2. FY2026-H1RestatedAnnual report

    「No new business or other risks arose during the six months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    The company reconfirms that there has been no new occurrence of, or material change to, the risk involving revenue concentration with major customers through a blanket disclosure.
  3. FY2025WorsenedAnnual report

    「Mitsubishi Heavy Industries,Ltd. 19,409 52.4 22,563 52.8」

    Revenue attributable to Mitsubishi Heavy Industries,Ltd. increased from 52.4% in the previous fiscal year to 52.8%, indicating a slight increase in revenue concentration involving major customers.
  4. FY2025-H1RestatedAnnual report

    「No new business or other risks arose during the six months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    The company reconfirms that there have been no material changes to the risk involving revenue concentration with major customers described in the previous fiscal year through a blanket disclosure.
  5. FY2024WorsenedAnnual report

    「Customer Previous consolidated fiscal year (1 April 2022 to 31 March 2023) Current consolidated fiscal year (1 April 2023 to 31 March 2024) Mitsubishi Heavy Industries,Ltd. 16,966 51.2 19,409 52.4」

    Revenue attributable to Mitsubishi Heavy Industries,Ltd. increased from 51.2% in the previous fiscal year to 52.4%, indicating a slight increase in concentration involving major customers.
  6. FY2024-Q3RestatedAnnual report

    「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    The company states that there has been no new occurrence of, or material change to, the risk involving revenue concentration with major customers.
  7. FY2024-Q2RestatedAnnual report

    「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    The company states that there have been no material changes to the risk involving revenue concentration with major customers described in the previous fiscal year.
  8. FY2023-Q3RestatedAnnual report

    「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    The company states that there have been no material changes to the risk involving revenue concentration with major customers described in the previous fiscal year.
  9. FY2023-Q2RestatedAnnual report

    「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    The company states that there have been no material changes to the risk involving revenue concentration with major customers described in the previous fiscal year.
  10. FY2023-Q1RestatedAnnual report

    「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    The company states that there have been no material changes to the risk involving revenue concentration with major customers described in the previous fiscal year. No quantitative scale is provided.
  11. FY2022-Q2RestatedAnnual report

    「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    The company states that there have been no material changes to the business and other risks described in the previous fiscal year, including the risk of revenue concentration involving major customers.
  12. FY2022-Q1RestatedAnnual report

    「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    The company states that there have been no material changes to the risk involving revenue concentration with major customers described in the previous fiscal year.
  13. FY2021-Q3RestatedAnnual report

    「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    The company states that there have been no material changes to the business and other risks described in the previous fiscal year, including the risk of revenue concentration involving major customers.
  14. FY2021-Q2RestatedAnnual report

    「No new business or other risks arose during the first half of the current consolidated fiscal year. In addition, no material changes have occurred in the business and other risks described in the securities report for the previous fiscal year.」

    The company states that there have been no material changes to the business and other risks described in the previous fiscal year, including the risk of revenue concentration involving major customers.
  15. FY2021-Q1RestatedAnnual report

    「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    The company states that there have been no material changes to the risk involving revenue concentration with major customers described in the previous fiscal year.
  16. FY2020WorsenedAnnual report

    「Mitsubishi Heavy Industries,Ltd. and its group companies account for approximately 60% of the group's total revenue. If these customers' investment trends change due to economic conditions or other factors, the group's performance may be materially affected.」

    Compared with the previous year's disclosure of approximately 50% for the top three customers, concentration involving Mitsubishi Heavy Industries,Ltd. and its group companies is reported at approximately 60%, and the potential impact on performance is described as material.
  17. FY2020-Q3RestatedAnnual report

    「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」

    The company states that there have been no material changes to the business and other risks described in the previous fiscal year, including the risk of revenue concentration involving major customers.
  18. FY2020-Q2RestatedAnnual report

    「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    The company states that there have been no material changes to the risk involving revenue concentration with major customers described in the previous fiscal year.
  19. FY2020-Q1RestatedAnnual report

    「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    The company states that there have been no material changes to the risk involving revenue concentration with major customers described in the previous fiscal year.
  20. FY2019MitigatedAnnual report

    「Mitsubishi Heavy Industries,Ltd. accounts for approximately 40% of the group's total revenue. Including MITSUBISHI MOTORS CORPORATION and IBM Japan, Ltd., the top three customers account for approximately 50% of revenue. If these customers' investment trends change due to economic conditions or other factors, the group's performance may be affected. Accordingly, the group is working to expand transactions with customers ranked below these major customers.」

    The risk of concentration involving major customers continues, but the top three customers' share of revenue has declined from approximately 60% to approximately 50%, while Mitsubishi Heavy Industries' share has fallen from approximately 40% to 34.6% in the current fiscal year.
  21. FY2019-Q3RestatedAnnual report

    「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    The company states that there have been no material changes to the business and other risks described in the previous fiscal year, including the risk of revenue concentration involving major customers.
  22. FY2019-Q1RestatedAnnual report

    「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    The company states that there have been no material changes to the risk involving revenue concentration with major customers described in the previous fiscal year.
  23. FY2018RestatedAnnual report

    「Mitsubishi Heavy Industries,Ltd. accounts for approximately 40% of the group's total revenue. Including Mitsubishi Hitachi Power Systems Co., Ltd. and one other company, the top three customers account for approximately 60% of revenue. If these customers' investment trends change due to economic conditions or other factors, the group's performance may be affected. Accordingly, the group is working to expand transactions with customers ranked below these major customers.」

    Revenue concentration involving major customers is reported at approximately 40%, and at approximately 60% for the top three customers, with continued expansion of transactions with lower-ranked customers as a mitigation measure.
  24. FY2018-Q3RestatedAnnual report

    「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    The company states that there have been no material changes to the business and other risks described in the previous fiscal year, including the risk of revenue concentration involving major customers.
  25. FY2018-Q2RestatedAnnual report

    「No new business or other risks arose during the cumulative second quarter of the current consolidated fiscal year. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」

    The company states that there have been no material changes to the business and other risks described in the previous fiscal year, including the risk of revenue concentration involving major customers.
  26. FY2017RestatedAnnual report

    「Mitsubishi Heavy Industries,Ltd. accounts for approximately 40% of the group's total revenue. Including Mitsubishi Hitachi Power Systems Co., Ltd. and one other company, the top three customers account for approximately 60% of revenue. If these customers' investment trends change due to economic conditions or other factors, the group's performance may be affected. Accordingly, the group is working to expand transactions with customers ranked below these major customers.」

    Revenue concentration involving major customers continues to be reported at approximately 40%, and at approximately 60% for the top three customers, with expanding transactions with lower-ranked customers identified as a mitigation measure.
  27. FY2016First statedAnnual report

    「Mitsubishi Heavy Industries,Ltd. accounts for approximately 40% of the group's total revenue. Including Mitsubishi Hitachi Power Systems Co., Ltd. and one other company, the top three customers account for approximately 60% of revenue. If these customers' investment trends change due to economic conditions or other factors, the group's performance may be affected. Accordingly, the group continues to work on expanding transactions with customers ranked below these major customers.」

    Revenue concentration involving Mitsubishi Heavy Industries,Ltd. and the top three customers is quantified, with expanding transactions with lower-ranked customers identified as a mitigation measure.
Moved together

"Downside risks to earnings from a stronger yen and a slowdown in the global economy" moved the same way as this thread, in the same document, in 3 of its 27 moves.

3222★1234
  1. ★This thread
  2. 1Downside risks to earnings from a stronger yen and a slowdown in the global economy3×
  3. 2Responding to Cloud, Big Data and IoT2×
  4. 3Risks of delays and defects in contract-based development2×
  5. 4Transition from a contract development business model and competition with overseas providers2×

★ 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
Ryoyu Systems's next results are scheduled for 2026-10-30. Read the earnings preview
News
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