Komori
Tow (4767) · RiskSoftened

Dependence on Sales to Major Advertising Agencies

First written in FY2016. 6 of 9 entries say "Softened", first in FY2019. Latest entry: FY2026.

9entries
11years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseWorsenedFY2017SoftenedFY2019SoftenedFY2022 – FY20262016: 12017: 120172018: 020182019: 120192020: 020202021: 120212022: 120222023: 120232024: 120242025: 120252026: 12026
Same theme, other companies
Dependence on Sales to Dentsu Group and Information Technology Investment Trends RiskA theme 5 companies write about · 5 as a headwind · 0 as a tailwind

Tow moved to the "Worse" side of this theme in 2017.

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

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. FY2026SoftenedAnnual report

    「For our group, too, the largest customers by sales are advertising companies. The sales composition ratio attributable to our principal customers in the fiscal year ending June 2026 (major advertising companies) was 55.7%. Any reduction in order volumes by advertising companies could affect our group.」

    The sales composition ratio attributable to major advertising companies declined from 58.5% in the previous fiscal year to 55.7%. However, the concentration risk itself continues to be disclosed.
  2. FY2025SoftenedAnnual report

    「For our group, too, the largest customers by sales are advertising companies. The sales composition ratio attributable to our principal customers in the fiscal year ended June 2025 (major advertising companies) was 58.5%. Any reduction in order volumes by advertising companies could affect our group.」

    The sales composition ratio attributable to major advertising companies declined from 60.5% in the previous fiscal year to 58.5%, but the concentration risk continues to be disclosed.
  3. FY2024SoftenedAnnual report

    「For our group, too, the largest customers by sales are advertising companies. The sales composition ratio attributable to our principal customers in the fiscal year ended June 2024 (博報堂グループ and DENTSU GROUP INC.) was 60.5%. Any reduction in order volumes by advertising companies could affect our group.」

    The sales composition ratio attributable to the major advertising companies declined from 73.9% previously to 60.5%, but the risk of dependence on advertising companies continues to be disclosed.
  4. FY2023SoftenedAnnual report

    「The sales composition ratio attributable to our principal customers in the fiscal year ended June 2023 (博報堂グループ and DENTSU GROUP INC.) was high at 73.9%.」

    The sales composition ratio attributable to the major advertising agencies declined from 79.3% previously to 73.9%. However, dependence remained high.
  5. FY2022SoftenedAnnual report

    「For our group, too, the largest customers by sales are primarily advertising agencies. The sales composition ratio attributable to our principal customers in the fiscal year ended June 2022 (DENTSU GROUP INC. and 博報堂グループ) was high at 79.3%.」

    The sales composition ratio attributable to the major advertising agencies declined from 88.3% in the previous disclosure to 79.3%, but dependence remained high.
  6. FY2021WorsenedAnnual report

    「For our group, too, the largest customers by sales are primarily advertising agencies. The sales composition ratio attributable to our principal customers in the fiscal year ended June 2021 (DENTSU GROUP INC. and 博報堂グループ) was high at 88.3%.」

    The principal customers were identified as 2 advertising agency groups, DENTSU GROUP INC. and 博報堂グループ, and their sales composition ratio rose from 79.0% in the previous disclosure to 88.3%.
  7. FY2019SoftenedAnnual report

    「For our group, too, the largest customers by sales are primarily advertising agencies. The sales composition ratio attributable to our principal customers in the fiscal year ended June 2019 (DENTSU GROUP INC. and 博報堂グループ) was high at 79.0%.」

    The sales composition ratio attributable to the major advertising agencies edged down from 79.1% in the previous fiscal year to 79.0%, while dependence remained high.
  8. FY2017WorsenedAnnual report

    「For our group, too, the largest customers by sales are primarily advertising agencies. The sales composition ratio attributable to our principal customers in the fiscal year ended June 2017 (DENTSU GROUP INC., 博報堂グループ and アサツーディ・ケイグループ) was high at 79.1%.」

    The sales composition ratio attributable to the 3 major advertising agency groups increased from 76.4% to 79.1%, indicating greater customer concentration.
  9. FY2016First statedAnnual report

    「For our group, too, the largest customers by sales are primarily advertising agencies. The sales composition ratio attributable to our principal customers in the fiscal year ended June 2016 (DENTSU GROUP INC., 博報堂グループ and アサツーディ・ケイグループ) was high at 76.4%. Any reduction in order volumes by advertising agencies could affect our group.」

    The 76.4% sales composition ratio attributable to the 3 major advertising agency groups is described as a concentration risk.
Moved together

"Japan’s First “Experience Design” Production Company" moved the same way as this thread, in the same document, in 3 of its 9 moves.

332222★123456
  1. ★This thread
  2. 1Japan’s First “Experience Design” Production Company3×
  3. 2Operating cash flow turns positive3×
  4. 3Decline in Event Demand Due to Social Conditions and Natural Disasters2×
  5. 4Compliance Committee and Internal Whistleblower System2×
  6. 5Strengthening Group Management2×
  7. 6Risk Identification and Reporting by the Risk Management Committee2×

★ 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
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News
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