Risk of Bankruptcy or Closure of Large Customers and Hotel Chains
First written in FY2022. 2 of 4 entries say "Restated". Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025RestatedAnnual report
「Nevertheless, our group does not depend on any specific large customer, and there were no customers accounting for more than 10% of operating revenue during the consolidated fiscal year. We will continue working to have our services used broadly by accommodation facilities without depending on any specific large customer.」
The customer base expanded to 9,992 facilities, while no customer accounted for more than 10% of operating revenue and the policy of avoiding customer concentration continued. - FY2024RestatedAnnual report
「Our group does not depend on any specific large customer, and, as described in “4. Analysis of Financial Position, Operating Results and Cash Flow by Management,” there were no customers accounting for more than 10% of operating revenue in the fiscal years ended October 2023 or October 2024.」
Although the group’s customer base increased to 8,037 facilities, the company stated that it continued to have no customer accounting for more than 10% of operating revenue. - FY2023MitigatedAnnual report
「We do not depend on any specific large customer, and there were no customers accounting for more than 10% of operating revenue in the fiscal years ended October 2022 or October 2023. We will continue working to have our services used broadly by accommodation facilities without depending on any specific large customer.」
The customer base increased to 2,897 facilities, while the absence of customers accounting for more than 10% of operating revenue continued to demonstrate the company’s response to concentration risk. - FY2022First statedAnnual report
「As of the end of October 2022, we served 2,076 accommodation facilities as customers. We did not depend on any specific large customer, and there were no customers accounting for more than 10% of operating revenue in the fiscal years ended October 2021 or October 2022.」
Although the company contemplated a decline in revenue if hotel chains went bankrupt or closed, it stated that it did not depend on any specific customer.