Customer Concentration Risk
First written in FY2016. 3 of 7 entries say "Worsened", first in FY2017. Latest entry: FY2026.
Envipro Holdings moved to the "Worse" side of this theme in 2017, 6 years before the typical company in this theme (2023).
The whole theme swung hardest in 2025: 23 of 76 companies on the "Worse" side.
27 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「The combined sales ratio of domestic, South Korean and Vietnamese steelmakers, the Group’s three largest customers, was 22.1% of consolidated net sales for the fiscal year ended June 2026.」
The sales concentration ratio for the three largest customers declined from 27.62% in the fiscal year ended June 2024 to 22.1%. The risk of concentration among major customers remains. - FY2024MitigatedAnnual report
「The combined sales ratio of the Group’s three largest customers, comprising domestic and South Korean steelmakers, was 27.62% of consolidated net sales for the fiscal year ended June 2024.」
The sales concentration ratio for the three largest customers declined slightly from 28.2% in the fiscal year ended June 2022 to 27.62%. The risk of concentration among major customers remains. - FY2022WorsenedAnnual report
「The combined sales ratio of domestic, South Korean and Vietnamese steelmakers, the Group’s three largest customers, was 28.2% of consolidated net sales for the fiscal year ended June 2022.」
The sales concentration ratio for the three largest customers increased from 21.1% in the previous annual report to 28.2%. The mix of major customers also changed. - FY2021MitigatedAnnual report
「The combined sales ratio of the Group’s three largest customers, VAS STEEL TUE MINH JSC (Vietnam), VINA KYOEI STEEL CO.,LTD. (Vietnam) and HYUNDAI STEEL COMPANY (South Korea), was 21.1% of consolidated net sales for the fiscal year ended June 2021.」
The sales concentration ratio for the three largest customers declined from 35.3% in the previous annual report to 21.1%. The customer mix also changed. - FY2018WorsenedAnnual report
「The combined sales ratio of the Group’s three largest customers, HYUNDAI STEEL COMPANY (South Korea), VINA KYOEI STEEL CO.,LTD. (Vietnam) and SeAH Besteel Corporation (South Korea), was 35.3% of consolidated net sales for the fiscal year ended June 2018.」
The sales concentration ratio for the three largest customers increased from 24.4% in the previous fiscal year to 35.3%. In particular, HYUNDAI STEEL COMPANY’s sales alone accounted for 23.4% of consolidated net sales, indicating greater concentration. - FY2017WorsenedAnnual report
「The combined sales ratio of the Group’s three largest customers, HYUNDAI STEEL COMPANY (South Korea), VINA KYOEI STEEL CO.,LTD. (Vietnam) and SeAH Besteel Corporation (South Korea), was 24.4% of consolidated net sales for the fiscal year ended June 2017.」
The sales concentration ratio for the three largest customers increased from 23.3% in the previous fiscal year to 24.4%, indicating greater concentration among major customers. The customer mix also changed. - FY2016First statedAnnual report
「The combined sales ratio of the Group’s three largest customers, HYUNDAI STEEL COMPANY (South Korea), POSCO (South Korea) and SeAH Besteel Corporation (South Korea), was 23.3% of consolidated net sales for the fiscal year ended June 2016.」
The disclosure describes the concentration of sales among major customers, primarily Korean companies, and the potential impact of deterioration in transaction terms, contract cancellations and other factors.