Dependence on the Food Service Industry for Business Performance
First written in FY2016. 2 of 7 entries say "Restated". Latest entry: FY2023.
0 other companies' latest entry also says "Dropped".
- FY2023DroppedAnnual report
「(2) Risk of dependence on specific customers」
There is no description identifying dependence on the food service industry as a standalone risk, and customer concentration risk is organized as dependence on major customers. - FY2021MaterialisedAnnual report
「Although the start of services for new major customers and the expansion of maintenance services for existing customers were factors supporting sales, sales for the consolidated fiscal year amounted to ¥11,525.334 million, down 1.3% year on year, due to a decline in sales mainly in the food-service sector caused by the impact of COVID-19, as well as sluggish growth in energy-saving construction, new construction and replacement work, among other factors.」
A decline in sales, primarily in the food service industry, has been disclosed as a full-year performance factor, and the impact of dependence on the food service industry continues to be evident. - FY2021-Q3MaterialisedAnnual report
「As a result, sales for the nine months ended the third quarter of the consolidated fiscal year amounted to ¥8,402.378 million, down 2.9% year on year, and cost of sales amounted to ¥6,535.152 million, down 3.3%. Although the start of services for new major customers and the expansion of maintenance services for existing customers were factors supporting sales, sales declined mainly in the food-service sector due to the impact of COVID-19, as well as sluggish growth in energy-saving construction work and other factors.」
A decline in sales, primarily in the food service industry, has been disclosed as an actual performance factor, and the impact of dependence on the food service industry has become evident. - FY2019RestatedAnnual report
「We are currently expanding our customer base beyond the 3 companies mentioned above, but if our relationships with these major customers deteriorate, the performance of our group could be affected.」
The risk has continued to be organized as dependence on major customers rather than dependence on the food service industry. - FY2018RestatedAnnual report
「(4) Customer concentration risk」
The framework established in the previous fiscal year, which organizes this as dependence on major customers rather than the more specific expression of dependence on the food service industry, has been maintained. - FY2017ReframedAnnual report
「(5) Risk related to customer dependence」
Rather than presenting its previous dependence on the food service industry as a standalone risk, the company has organized it as a customer dependence risk involving 3 major customers. - FY2016First statedAnnual report
「Companies in the food service industry account for nearly half of the revenue of the group's total maintenance business.」
Although the company is developing markets outside the food service industry, it identifies this dependence as a risk to its results.