Dependence on Sumitomo Mitsui Financial Group and Fujitsu Group
First written in FY2016. 11 of 33 entries say "Materialised", first in FY2017-Q1. Latest entry: 2026-06-26.
Sakura Kcs moved to the "Worse" side of this theme in 2016, 8 years before the typical company in this theme (2024).
The whole theme swung hardest in 2025: 22 of 68 companies on the "Worse" side.
11 other companies' latest entry also says "Restated".
- 2026-06-26RestatedGovernance
「The Company is positioned as an integrated information services company within Sumitomo Mitsui Financial Group, Inc. and its group companies (hereinafter, the "SMBC Group"). We develop our business by working with the SMBC Group and leveraging our extensive knowledge of financial operations and broad customer base accumulated through transactions with SMBC Group companies.」
Disclosed specific capital and business relationships with the SMBC Group, including contracted system construction and system operation and management. At the same time, the Company stated that it makes decisions based on its own management judgment and maintains a certain degree of management independence from its parent company and other related entities, confirming the continuing relationship structure. - FY2026Higher sales to SMBC alongside lower sales to FujitsuAnnual report
「System development increased as the company focused on information systems investment projects for SMBC Group, while downsizing projects outside SMBC Group resulted in a ¥8 million, or 0.3%, year-on-year decrease in net sales to ¥3,061 million.」
Transactions with SMBC Group increased, with sales to Sumitomo Mitsui Banking Corporation at ¥3,158 million and accounting for 13.3% of the total. Meanwhile, sales to Fujitsu declined to ¥1,954 million, accounting for 8.2%, and the dependence structure on major business partners continues. - FY2026-H1Focus on SMBC and downsizing of non-SMBC projectsAnnual report
「System development increased as the company focused on information systems investment projects for SMBC Group, while downsizing projects outside SMBC Group resulted in a ¥8 million, or 0.3%, year-on-year decrease in net sales to ¥3,061 million.」
The focus on projects for SMBC Group increased system development, while the downsizing of projects outside SMBC Group resulted in a 0.3% decline in revenue in the financial-related segment. The dependence structure on major business partners continues. - FY2025Higher sales to SMBC alongside lower sales to FujitsuAnnual report
「Net sales increased by ¥33 million, or 0.5%, year on year to ¥6,976 million due to an increase in system development for transactions with SMBC Group, and」
Although system development for SMBC Group increased, sales to Fujitsu declined to ¥2,648 million from ¥3,848 million in the previous period. The dependence structure on major business partners itself continues. - FY2025-H1Increase in outsourcing projects for SMBCAnnual report
「For transactions with the SMBC Group, systems operations and management increased due to growth in outsourcing projects. As a result, revenue increased by ¥21 million, or 0.6%, year on year to ¥3,468 million, and segment profit increased by ¥58 million, or 8.2%, to ¥767 million.」
For SMBC Group, on which the company depends, the increase in outsourcing projects led to higher revenue from system operations and management and in the financial-related segment. There is no indication that the dependence structure itself has been eliminated. - FY2024-Q3RestatedAnnual report
「Although system operations and management declined in transactions with SMBC Group due to lower BPO volumes and other factors, system development increased due to large-scale projects and other factors, resulting in a ¥65 million, or 1.3%, year-on-year increase in net sales to ¥5,128 million.」
For SMBC, the decline in operations and management due to lower BPO volumes coexisted with an increase in system development from large-scale projects. There is no indication that the dependence on major business partners has been eliminated. - FY2024-Q2Decline in BPO operations and management for SMBC and increase in large-scale development projectsAnnual report
「For transactions with the SMBC Group, systems operations and management declined due to a decrease in BPO workload, among other factors, while systems integration increased on large-scale projects and other factors. As a result, revenue increased by ¥76 million, or 2.3%, year on year to ¥3,447 million.」
For SMBC Group, operations and management declined due to lower BPO volumes, while the increase in system development from large-scale projects and other factors exceeded the decline, resulting in a 2.3% increase in revenue in the financial-related segment. There is no indication that the dependence structure itself has been eliminated. - FY2024-Q1Decline in operations and management for SMBC and increase in system development from large-scale projectsAnnual report
「Although system operations and management declined in transactions with SMBC Group, system development increased due to large-scale projects and other factors, resulting in a ¥27 million, or 1.6%, year-on-year increase in net sales to ¥1,705 million.」
For SMBC Group, the decline in system operations and management continued, while the increase in system development from large-scale projects and other factors exceeded it, resulting in a 1.6% increase in revenue in the financial-related segment. There is no indication that the dependence structure itself has been eliminated. - FY2023-Q3MaterialisedAnnual report
「In addition to a decline in system operations and management, mainly due to the completion of BPO operations for SMBC Group, system development also declined due to the completion of several large-scale system development projects for parties outside SMBC Group that had been ongoing in the same quarter of the previous year, resulting in a ¥405 million, or 7.8%, year-on-year decrease in net sales to ¥4,816 million.」
The completion of BPO operations for SMBC Group, on which the company depends, and the completion of large-scale development projects for parties outside SMBC Group appeared in the results as a 7.8% decline in revenue in the financial-related segment. - FY2023-Q2MaterialisedAnnual report
「System development declined due to a decrease in transactions with SMBC Group and the completion of a large-scale system development project for a major vendor. System operations and management also declined, mainly due to the completion of BPO operations for SMBC Group, resulting in a ¥362 million, or 10.2%, year-on-year decrease in net sales to ¥3,206 million.」
The decline in transactions with SMBC Group and major vendors, on which the company depends, and the completion of projects appeared in the results as a 10.2% year-on-year decline in revenue in the financial-related segment. - FY2023-Q1MaterialisedAnnual report
「System integration declined mainly due to lower transactions with the SMBC Group and major vendors, while system operations and maintenance declined mainly following the partial completion of BPO projects for the SMBC Group. As a result, revenue decreased by ¥212 million, or 11.7%, year on year to ¥1,606 million.」
The decline in transactions with SMBC Group and major vendors, on which the company depends, has appeared in the results as an 11.7% decline in revenue in the financial-related segment. - FY2022-Q3RestatedAnnual report
「Net sales amounted to ¥5,222 million, compared with ¥5,024 million in the same quarter of the previous year, as system development projects for SMBC Group remained firm.」
System development projects for SMBC Group have remained firm. There is no indication that the dependence on major business partners has been eliminated. - FY2022-Q2RestatedAnnual report
「Net sales amounted to ¥3,569 million, compared with ¥3,206 million in the same quarter of the previous year, due to an increase in system development projects for financial institutions, including SMBC Group.」
The increase in system development projects for financial institutions, including SMBC Group, has continued. There is no indication that the dependence on major business partners has been eliminated. - FY2022-Q1Increase in projects for SMBC and other financial institutionsAnnual report
「Net sales amounted to ¥1,818 million, compared with ¥1,424 million in the same quarter of the previous year, due to an increase in system development projects for financial institutions, including SMBC Group.」
System development projects for financial institutions, including SMBC Group, increased, resulting in revenue of ¥1,818 million in the financial-related segment. There is no indication that the dependence on major business partners has been eliminated. - FY2021-Q3Sharp increase in system development projects for SMBCAnnual report
「Net sales increased by ¥541 million, or 12.1%, year on year to ¥5,024 million due to an increase in system development projects for SMBC Group.」
System development projects for SMBC Group increased significantly, resulting in a 12.1% year-on-year increase in revenue in the financial-related segment. There is no indication that the dependence on major business partners itself has been eliminated. - FY2021-Q2Continued increase in transactions with SMBCAnnual report
「Net sales increased by ¥141 million, or 4.6%, year on year to ¥3,206 million due to an increase in system development projects for SMBC Group.」
As in the previous quarter, the increase in system development projects for SMBC Group contributed to higher revenue in the financial-related segment. There is no indication that the dependence on major business partners itself has been eliminated. - FY2021-Q1Increase in system development projects for SMBCAnnual report
「Net sales increased by ¥88 million, or 6.6%, year on year to ¥1,424 million due to an increase in system development projects for SMBC Group.」
System development projects for SMBC Group increased, resulting in a 6.6% year-on-year increase in revenue in the financial-related segment. There is no indication that the dependence on major business partners itself has been eliminated. - FY2020Increase in SMBC transactions alongside a decline in segment revenueAnnual report
「Transactions with SMBC Group increased due to the acquisition of new projects and the expansion of existing projects, but system development declined due to the impact of downsizing large-scale projects outside SMBC Group, resulting in a ¥74 million, or 1.1%, year-on-year decrease in net sales to ¥6,596 million.」
For SMBC Group, new projects were acquired and existing projects expanded, while the financial-related segment saw a 1.1% decline in revenue due to the downsizing of large-scale projects outside the group. - FY2020-Q3Continued slight increase in transactions with SMBCAnnual report
「Although system operations and management declined in transactions with SMBC Group, system development projects increased due to the acquisition of new projects for group companies and the expansion of existing projects, resulting in a slight ¥8 million, or 0.2%, year-on-year increase in net sales to ¥4,482 million.」
System operations and management declined, while system development projects increased through the acquisition of new projects for group companies and the expansion of existing projects, resulting in a slight 0.2% increase in the financial-related segment. There is no indication that the dependence on major business partners itself has been eliminated. - FY2020-Q2Slight increase driven by new projects and expansion of existing projectsAnnual report
「Although system operations and management declined in transactions with SMBC Group, system development projects increased due to the acquisition of new projects for group companies and the expansion of existing projects, resulting in a slight ¥47 million, or 1.6%, year-on-year increase in net sales to ¥3,065 million.」
For SMBC Group, system operations and management declined, while the financial-related segment increased slightly by 1.6% due to the acquisition of new projects for group companies and the expansion of existing projects. There is no indication that the dependence structure itself has been eliminated. - FY2020-Q1Increase in transactions with SMBC GroupAnnual report
「Net sales increased by ¥89 million, or 7.2%, year on year to ¥1,336 million, mainly due to an increase in system development projects for SMBC Group.」
Transactions with SMBC Group had continued to decline through the previous period, but system development projects increased in the current quarter. There is no indication that the dependence on major business partners itself has been eliminated. - FY2019-Q3ReframedAnnual report
「Sumitomo Mitsui Financial Group,Inc., formerly the company's parent company, ceased to be the company's parent company and became another affiliated company as of 28 November 2018.」
The transition of Sumitomo Mitsui Financial Group from a parent company to an other affiliated company, which had been indicated as planned in the previous quarter, was carried out on 28 November 2018. - FY2019-Q2ReframedAnnual report
「As of the filing date of this quarterly report, the company's parent company, Sumitomo Mitsui Financial Group,Inc., is scheduled to cease being the company's parent company and become another affiliated company as of 28 November 2018.」
The company explicitly stated that Sumitomo Mitsui Financial Group,Inc. was scheduled to change from the parent company to another affiliated company. The financial-related segment's revenue continued to decline due to lower transactions, and the relationship structure with major affiliated business partners was scheduled to change. - FY2019-Q1MaterialisedAnnual report
「Driven mainly by declines in system integration and system operations and maintenance resulting from lower transactions with the SMBC Group, revenue decreased by ¥202 million, or 14.0%, year on year to ¥1,246 million.」
The risk associated with dependence on transactions with the SMBC Group continued to be reflected in actual performance as a 14.0% year-on-year decline in revenue in the financial-related segment. - FY2018ReframedAnnual report
「Sumitomo Mitsui Banking Corporation, formerly the company's parent company, became another affiliated company as of 20 February 2018, following the reorganisation of group operations within Sumitomo Mitsui Financial Group,Inc.」
Sumitomo Mitsui Banking Corporation, formerly the parent company, became another affiliated company, changing the affiliated-company structure so that Sumitomo Mitsui Financial Group,Inc. was listed as the parent company. The risk of dependence on major business partners itself continues. - FY2018-Q3MaterialisedAnnual report
「Primarily due to a decline in systems development for Sumitomo Mitsui Financial Group,Inc., revenue was ¥4,925 million, a decrease of ¥338 million, or 6.4%, from the same quarter of the previous year.」
The decline in systems development for the dependent Sumitomo Mitsui Financial Group,Inc. was reflected in cumulative third-quarter performance as a 6.4% decline in revenue in the financial-related segment. - FY2018-Q2MaterialisedAnnual report
「Primarily due to a decline in systems development for Sumitomo Mitsui Financial Group,Inc., revenue was ¥3,165 million, a decrease of ¥557 million, or 15.0%, from the same quarter of the previous year.」
The decline in systems development for the dependent Sumitomo Mitsui Financial Group,Inc. was reflected in cumulative second-quarter performance as a 15.0% decline in revenue in the financial-related segment. - FY2018-Q1MaterialisedAnnual report
「Primarily due to a decline in systems development resulting from lower transactions with Sumitomo Mitsui Financial Group,Inc. and the completion of large-scale projects, revenue was ¥1,448 million, a decrease of ¥211 million, or 12.7%, from the same quarter of the previous year.」
The decline in transactions with the dependent Sumitomo Mitsui Financial Group,Inc. and the completion of large-scale projects were reflected in first-quarter performance as a 12.7% decline in revenue in the financial-related segment. - FY2017MaterialisedAnnual report
「Primarily due to a decline in systems development resulting from lower transactions with Sumitomo Mitsui Financial Group,Inc. and the downsizing of large-scale projects, revenue fell substantially to ¥7,320 million, a decrease of ¥1,392 million, or 16.0%, from the previous fiscal year.」
Dependence on transactions with Sumitomo Mitsui Financial Group,Inc. was reflected in annual performance through financial-related segment revenue of ¥7,320 million, down 16.0% year on year. Meanwhile, sales to Fujitsu were ¥2,928 million, representing 12.7% of consolidated revenue. - FY2017-Q3MaterialisedAnnual report
「Primarily due to a decline in systems development resulting from lower transactions with Sumitomo Mitsui Financial Group,Inc. and the downsizing of large-scale projects, revenue was ¥5,263 million, a decrease of ¥720 million, or 12.0%, from the same quarter of the previous year.」
The decline in transactions with Sumitomo Mitsui Financial Group,Inc. and the downsizing of large-scale projects continued to be reflected in the financial-related segment's cumulative third-quarter revenue, which declined 12.0%. - FY2017-Q2MaterialisedAnnual report
「Primarily due to a decline in systems development resulting from the downsizing of large-scale projects and lower transactions with Sumitomo Mitsui Financial Group,Inc., revenue was ¥3,722 million, a decrease of ¥314 million, or 7.8%, from the same quarter of the previous year.」
The decline in transactions with Sumitomo Mitsui Financial Group,Inc. and the downsizing of large-scale projects were reflected in a 7.8% decline in revenue in the financial-related segment for the cumulative second quarter. - FY2017-Q1MaterialisedAnnual report
「Primarily due to a decline in systems development resulting from lower transactions with Sumitomo Mitsui Financial Group,Inc. and the downsizing of large-scale projects, revenue was ¥1,660 million, a decrease of ¥166 million, or 9.1%, from the same quarter of the previous year.」
The decline in transactions with the dependent Sumitomo Mitsui Financial Group,Inc. was reflected in an actual decline in revenue in the financial-related segment. - FY2016First statedAnnual report
「The group is a major and stable business partner of the corporate group, and its performance and information technology investment could have a certain impact on the performance of the corporate group.」
Sales to Sumitomo Mitsui Banking Corporation accounted for 11.2% of consolidated revenue, while Fujitsu accounted for 8.0%. Dependence on the performance and information technology investment of the parent company and major shareholder group is disclosed as a risk.