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Shin Maint Holdings (6086) · RiskWorsenedLatest Management plan (2026-05-22): "Restated"

Dependence of business performance on the top 10 customers

First written in FY2017. 9 of 19 entries say "Restated". Latest entry: 2026-05-22.

19entries
10years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseWorsenedFY2018 – FY2020RestatedFY2021-Q3 – FY2022-Q3MitigatedFY2024 – FY20252017: 120172018: 120182019: 120192020: 120202021: 420212022: 320222023: 220232024: 220242025: 220252026: 22026
Same theme, other companies
Sales concentration and dependence on specific major customersA theme 196 companies write about · 205 as a headwind · 1 as a tailwind

Shin Maint Holdings moved to the "Worse" side of this theme in 2018, 5 years before the typical company in this theme (2023).

The whole theme swung hardest in 2017: 12 of 76 companies on the "Worse" side.

22 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 191 companies compared. The sentences above are computed from all 191.Comparing 200 of the theme's 206 threads.
Full recordFilings, disclosures and news, newest first
  1. 2026-05-22RestatedManagement plan

    「While maintaining good relationships with specific business partners, we will analyze new industries that require maintenance for chain-operated stores and facilities and expand our service offerings.」

    Reconfirms the policy of addressing dependence on specific business partners by expanding services to new industries and customers.
  2. FY2026WorsenedAnnual report

    「The Group depends on its top 10 customers in the food-service industry, merchandise sales and nursing care facilities for 46.8% of sales and 46.0% of gross profit (fiscal year ended February 2026).」

    Dependence on the top 10 customers rose from 44.2% of sales and 41.9% of gross profit in the previous fiscal year to 46.8% and 46.0%, respectively.
  3. FY2026-H1RestatedAnnual report

    「No new business or other risks arose during the interim consolidated accounting period. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    The continued existence of the existing risk has been confirmed through a comprehensive disclosure stating that there have been no material changes relating to dependence on the top 10 customers' business performance.
  4. FY2025MitigatedAnnual report

    「The Group depends on its top 10 customers in the food-service industry, merchandise sales and nursing care facilities for 44.2% of sales and 41.9% of gross profit (fiscal year ended February 2025).」

    Dependence on the top 10 customers fell from 48.8% of sales and 44.0% of gross profit in the previous fiscal year to 44.2% and 41.9%, respectively.
  5. FY2024MitigatedAnnual report

    「The Group depends on its top 10 customers in the food-service industry, merchandise sales and nursing care facilities for 48.8% of sales and 44.0% of gross profit (fiscal year ended February 2024).」

    Dependence on the top 10 customers fell from 53.4% of sales and 49.4% of gross profit in the previous fiscal year to 48.8% and 44.0%, respectively.
  6. FY2024-Q3RestatedAnnual report

    「During the nine months ended the third quarter, no new business or other risks arose. There were also no significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」

    The continued existence of the existing risk has been confirmed through a comprehensive disclosure stating that there have been no material changes relating to dependence on the top 10 customers' business performance.
  7. FY2024-Q1RestatedAnnual report

    「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    The continued existence of the existing risk has been confirmed through a comprehensive disclosure stating that there have been no new risks or material changes relating to dependence on the top 10 customers' business performance.
  8. FY2023MitigatedAnnual report

    「The Group depends on its top 10 customers in the food-service industry, merchandise sales and nursing care facilities for 53.4% of sales and 49.4% of gross profit (fiscal year ended February 2023).」

    Dependence on the top 10 customers fell from 56.8% of sales and 52.6% of gross profit in the previous fiscal year to 53.4% and 49.4%, respectively.
  9. FY2023-Q2RestatedAnnual report

    「No new business or other risks arose during the 2nd quarter cumulative period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    The continued existence of the existing risk has been confirmed through a comprehensive disclosure stating that there have been no material changes relating to dependence on the top 10 customers' business performance.
  10. FY2022WorsenedAnnual report

    「The Group depends on its top 10 customers in the food-service industry, merchandise sales and nursing care facilities for 56.8% of sales and 52.6% of gross profit (fiscal year ended February 2022).」

    Dependence on the top 10 customers changed from 56.6% of sales and 49.3% of gross profit in the previous fiscal year to 56.8% and 52.6%, respectively.
  11. FY2022-Q3RestatedAnnual report

    「During the cumulative third quarter of the fiscal year under review, there were no newly arising business or other risks. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」

    The continued existence of the existing risk has been confirmed through a comprehensive disclosure stating that there have been no material changes relating to dependence on the top 10 customers' business performance.
  12. FY2022-Q2RestatedAnnual report

    「No new business or other risks arose during the 2nd quarter cumulative period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」

    The continued existence of the existing risk has been confirmed through a comprehensive disclosure stating that there have been no material changes relating to dependence on the top 10 customers' business performance.
  13. FY2022-Q1RestatedAnnual report

    「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」

    The continued existence of the existing risk has been confirmed through a comprehensive disclosure stating that there have been no material changes relating to dependence on the top 10 customers' business performance.
  14. FY2021Dependence on sales increased, while dependence on gross profit declinedAnnual report

    「The Group depends on its top 10 customers in the food-service industry, merchandise sales and nursing care facilities for 56.6% of sales and 49.3% of gross profit.」

    Dependence on the top 10 customers for sales rose from 55.5% in the previous fiscal year to 56.6%, while dependence on them for gross profit fell from 49.6% to 49.3%.
  15. FY2021-Q3RestatedAnnual report

    「During the cumulative third quarter of the fiscal year under review, there were no newly arising business or other risks. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」

    The existing risk disclosure regarding dependence on the top 10 customers continues, based on an overall note stating that there have been no new risks or material changes.
  16. FY2020WorsenedAnnual report

    「The Group depends on its top 10 customers for 55.5% of sales and 49.6% of gross profit (fiscal year ended February 2020).」

    Dependence on the top 10 customers rose from 53.8% of sales and 48.4% of gross profit in the previous fiscal year to 55.5% and 49.6%, respectively.
  17. FY2019WorsenedAnnual report

    「The Group depends on its top 10 customers for 53.8% of sales and 48.4% of gross profit (fiscal year ended February 2019).」

    Dependence on the top 10 customers rose from 51.9% of sales and 45.7% of gross profit in the previous fiscal year to 53.8% and 48.4%, respectively.
  18. FY2018WorsenedAnnual report

    「The Group depends on its top 10 customers for 51.9% of sales and 45.7% of gross profit (fiscal year ended February 2018).」

    Dependence on the top 10 customers rose from 46.3% of sales and 40.1% of gross profit previously to 51.9% and 45.7%, respectively.
  19. FY2017First statedAnnual report

    「The company depends on its top 10 customers for 46.3% of sales and 40.1% of gross profit (fiscal year ended February 2017).」

    Dependence on the top 10 customers is quantified at 46.3% of sales and 40.1% of gross profit, and the impact on business performance from lost orders, contract terminations and customer demand trends is described.
Moved together

"Stagnation in Economic Measures and Instability in Foreign Exchange and Equity Markets" moved the same way as this thread, in the same document, in 5 of its 19 moves.

554333★123456
  1. ★This thread
  2. 1Stagnation in Economic Measures and Instability in Foreign Exchange and Equity Markets5×
  3. 2Dependence on the Food-Service Industry5×
  4. 3Sustainable and Stable Dividends4×
  5. 4Strengthening response capabilities through staffing, training and education, and a network of partner contractors3×
  6. 5Progress in Revenue and Profit Growth3×
  7. 6Revenue Breakdown Between Emergency and Preventive Maintenance Services3×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Shin Maint Holdings yet. It last moved in the Management plan of 2026-05-22: "Restated".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Dependence of business performance on the top 10 customers | Shin Maint Holdings Co.,Ltd. (6086) | Komori