Dependence on Sales to the Life and Non-Life Insurance Industry and Intensifying Competition
First written in FY2019. 8 of 13 entries say "Restated". Latest entry: FY2026.
Ncd moved to the "Worse" side of this theme in 2023.
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「MetLife Insurance K.K. is a major customer in the IT-related business, accounting for 10% or more of our consolidated revenue. If the scale of transactions were to decline sharply or transactions were to cease, this could adversely affect the Group's business results and financial position.」
The risk of dependence on a specific customer remained, and revenue from MetLife Insurance K.K. rose to 17.7% of consolidated revenue. - FY2024WorsenedAnnual report
「MetLife Insurance K.K. is a major customer in the IT-related business, accounting for 10% or more of our consolidated revenue. If the scale of transactions were to decline sharply or transactions were to cease, this could adversely affect the Group's business results and financial position.」
While the risk of dependence on a specific customer remained, revenue from MetLife Insurance K.K. accounted for 17.5% of consolidated revenue, up from 17.2% in the previous fiscal year. - FY2023WorsenedAnnual report
「MetLife Insurance K.K. is a major customer in the IT-related business, accounting for 10% or more of our consolidated revenue. If the scale of transactions were to decline sharply or transactions were to cease, this could adversely affect the Group's business results and financial position.」
While the risk of dependence on a specific customer remained, revenue from MetLife Insurance K.K. accounted for 17.2% of consolidated revenue, up from 13.4% in the previous fiscal year, indicating a higher degree of dependence. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No material changes were reported in the major risks related to dependence on revenue from the life and non-life insurance sectors and major customers, and intensifying competition. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
No material changes were reported in the risks related to dependence on revenue from the life and non-life insurance sectors and major customers, and intensifying competition. - FY2022WorsenedAnnual report
「MetLife Insurance K.K. is a major customer in the IT-related business, accounting for 10% or more of our consolidated revenue. If the scale of transactions were to decline sharply or transactions were to cease, this could adversely affect the Group's business results and financial position.」
Dependence on the life and non-life insurance sectors and specific customers was stated more specifically as dependence on a major customer accounting for 10% or more of consolidated revenue, compared with the previous description of approximately 10% of standalone revenue. - FY2022-Q3RestatedAnnual report
「The Group continued to focus on introducing automation and labor-saving tools to customer companies and on demand for the renewal of legacy core systems. We are also further promoting the use of group subsidiaries and business partners and shifting toward higher-value-added operations to improve earnings power and service quality, while working to expand our customer base centered on existing major customers and insurance companies.」
The policy of advancing automation and labor-saving initiatives, core-system renewal and a shift toward higher-value-added operations, based on a customer base centered on major customers and insurance companies, remains in place. - FY2022-Q2RestatedAnnual report
「We are also further promoting the use of group subsidiaries and business partners and shifting toward higher-value-added operations to improve earnings power and service quality, while working to expand our customer base centered on existing major customers and insurance companies.」
The continued focus on a customer base centered on major customers and insurance companies reaffirmed business operations consistent with the identified risk of dependence on the life and non-life insurance sectors and major customers. - FY2021RestatedAnnual report
「メットライフ生命保険株式会社 is a major customer in the IT-related business, which accounts for approximately 10% of the Company's standalone net sales. However, if the scale of transactions were to decline sharply or transactions were to cease, this could adversely affect the performance and financial condition of the Group.」
The risk of dependence on the life and non-life insurance sectors and specific customers was specifically described as dependence on a major customer, MetLife Insurance K.K., which accounts for approximately 10% of the company's standalone revenue. - FY2020-Q3RestatedAnnual report
「Orders centered on projects for the life and non-life insurance sectors continued to progress steadily, resulting in higher revenue than in the same period of the previous year.」
The order mix in the Systems Development business continues to center on projects for the life and non-life insurance sectors, reaffirming business conditions consistent with the identified risk of dependence on those sectors. - FY2020-Q2RestatedAnnual report
「Orders centered on projects for the life and non-life insurance sectors continued to progress steadily, resulting in higher revenue than in the same period of the previous year.」
The order mix in the Systems Development business continues to center on projects for the life and non-life insurance sectors. No material changes were reported in business and other risks, indicating that the identified risk of dependence on those sectors remains in place. - FY2020-Q1RestatedAnnual report
「Orders centered on projects for the life and non-life insurance sectors continued to progress steadily, resulting in higher revenue than in the same period of the previous year.」
The order mix in the Systems Development business continued to center on projects for the life and non-life insurance sectors, reaffirming business conditions consistent with the identified risk of dependence on existing customers in those sectors. - FY2019First statedAnnual report
「Our systems development business and support and services business have strengths in the life and non-life insurance industries, which account for a high proportion of our sales. This also indicates a high degree of dependence on specific industries, and sales and profits could decline as a result of contraction in the life and non-life insurance industries or intensifying competition with competitors in Japan and overseas.」
Dependence on the life and non-life insurance sectors and intensifying competition were newly disclosed as separate risks that could lead to declines in revenue and profit. Measures to diversify the customer base by strengthening approaches to existing customers in other industries were also presented.