Dependence on Distributors and OEM Partners
First written in FY2024. 1 of 3 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2017: 4 of 15 companies on the "Worse" side.
1 other company's latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Since April 2025, we have expanded our ecosystem by beginning OEM provision to Yayoi Co., Ltd. through Yayoi Attendance Next and to Miidas Co., Ltd. through Miidas Attendance Management, and by beginning provision of HRBrain Attendance Management by HRBrain Co., Ltd. in April 2026.」
Maintains the risk of dependence on resellers and OEMs while detailing the expansion of OEM partners and the ecosystem. - FY2025RestatedAnnual report
「Direct sales, resellers and OEMs accounted for approximately 36%, 20% and 44%, respectively, of billable IDs at the end of March 2025. We have built and maintained good relationships with resellers and OEM partners.」
Restates the sales mix and dependence on resellers and OEM partners. - FY2024First statedAnnual report
「Direct sales, resellers and OEMs accounted for approximately 36%, 20% and 44%, respectively, of billable IDs at the end of March 2024. We have built and maintained good relationships with resellers and OEM partners. However, deterioration in those relationships or in the partners’ financial condition could affect our group’s financial results and financial position.」
Shows the billable-ID mix across direct sales, resellers and OEMs and identifies deterioration in partner relationships or financial condition as risks.