Dependence on sales to automotive parts manufacturer DENSO
First written in FY2016. 20 of 29 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2020: 11 of 20 companies on the "Worse" side.
7 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year.」
The company states that there has been no material change in the risk arising from dependence on specific customers for sales. - FY2025Change in the major customer and concentration levelAnnual report
「Tecnologia Modificada, S.A. de C.V. 669,389 11.6 CATERPILLAR ENGINE SYSTEMS INC. 625,488 10.8」
While the sales ratio for CATERPILLAR, which was 19.2% in the previous fiscal year, fell to 10.8%, the ratio for Tecnologia Modificada rose to 11.6%, indicating a shift in the customer driving concentration in specific customers. - FY2024WorsenedAnnual report
「CATERPILLAR ENGINE SYSTEMS INC. 901,222 19.2」
While sales to Tecnologia Modificada, which accounted for at least 10% of total sales in the previous fiscal year, ceased, sales to CATERPILLAR ENGINE SYSTEMS INC. totaled ¥901.222 million in the current fiscal year, representing 19.2% of total sales, again explicitly indicating concentration in a specific customer. - FY2024-Q2RestatedAnnual report
「During the six-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there has been no material change in the risk arising from dependence on specific customers for sales. - FY2024-Q1RestatedAnnual report
「During the three-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The risk arising from dependence on specific customers for sales is confirmed to remain unchanged, with no material change identified. - FY2023Change in the customer mix among specific customersAnnual report
「Tecnologia Modificada, S.A. de C.V. 666,122 12.9」
While no customer accounted for 10% or more of total sales in the previous fiscal year, sales to Tecnologia Modificada, S.A. de C.V. totaled ¥666.122 million in the current fiscal year, representing 12.9% of total sales. The disclosure identifies concentration in a specific customer other than the previous dependence on DENSO CORPORATION. - FY2023-Q3RestatedAnnual report
「During the nine-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there has been no material change in the risk arising from dependence on DENSO CORPORATION, an automotive parts manufacturer, for sales. - FY2023-Q2RestatedAnnual report
「During the six-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there has been no material change in the risk arising from dependence on DENSO CORPORATION, an automotive parts manufacturer, for sales. - FY2023-Q1RestatedAnnual report
「During the three-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there has been no material change in the risk arising from dependence on DENSO CORPORATION, an automotive parts manufacturer, for sales. - FY2022MitigatedAnnual report
「The disclosure has been omitted because no customer accounted for 10% or more of total sales in the current consolidated fiscal year.」
While sales to DENSO CORPORATION accounted for 15.5% of total sales in the previous fiscal year, the company states that no customer accounted for 10% or more of total sales in the current fiscal year, indicating reduced concentration in a specific customer. - FY2022-Q3RestatedAnnual report
「During the nine-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there has been no material change in the risk arising from dependence on DENSO CORPORATION, an automotive parts manufacturer, for sales. - FY2022-Q2RestatedAnnual report
「During the six-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there has been no material change in the risk arising from dependence on DENSO CORPORATION, an automotive parts manufacturer, for sales. - FY2022-Q1RestatedAnnual report
「During the three-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there has been no material change in the risk arising from dependence on DENSO CORPORATION, an automotive parts manufacturer, for sales. - FY2021WorsenedAnnual report
「DENSO CORPORATION 517,426 9.6 621,317 15.5」
The sales ratio for DENSO CORPORATION rose from 9.6% in the previous fiscal year to 15.5%, indicating greater concentration in a specific customer. - FY2021-Q3RestatedAnnual report
「During the nine-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The risk arising from dependence on DENSO CORPORATION, an automotive parts manufacturer, for sales is confirmed to remain unchanged, with no material change identified. - FY2021-Q2RestatedAnnual report
「During the six-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The risk arising from dependence on DENSO CORPORATION, an automotive parts manufacturer, for sales is confirmed to remain unchanged, with no material change identified. - FY2021-Q1RestatedAnnual report
「During the three-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The risk arising from dependence on DENSO CORPORATION, an automotive parts manufacturer, for sales is confirmed to remain unchanged, with no material change identified. - FY2020Change in sales-channel mixAnnual report
「DENSO CORPORATION 517,426 9.6 DENSO Manufacturing Athens Tennessee, Inc. 556,836 10.3」
The sales ratio for DENSO CORPORATION fell from 19.3% in the previous fiscal year to 9.6%, while sales to DENSO Manufacturing Athens Tennessee, Inc. accounted for 10.3%, indicating a change in the customer mix. - FY2020-Q2RestatedAnnual report
「During the six-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The risk arising from dependence on DENSO CORPORATION, an automotive parts manufacturer, for sales is confirmed to remain unchanged, with no material change identified. - FY2020-Q1RestatedAnnual report
「During the three-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The risk arising from dependence on DENSO CORPORATION, an automotive parts manufacturer, for sales is confirmed to remain unchanged, with no material change identified. - FY2019-Q3RestatedAnnual report
「During the nine-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The risk arising from dependence on DENSO CORPORATION, an automotive parts manufacturer, for sales is confirmed to remain unchanged, with no material change identified. - FY2019-Q2RestatedAnnual report
「During the six-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The risk arising from dependence on DENSO CORPORATION, an automotive parts manufacturer, for sales is confirmed to remain unchanged, with no material change identified. - FY2019-Q1RestatedAnnual report
「During the three-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The risk arising from dependence on DENSO CORPORATION, an automotive parts manufacturer, for sales is confirmed to remain unchanged, with no material change identified. - FY2018MitigatedAnnual report
「DENSO CORPORATION 1,166,773 18.6」
Sales to DENSO CORPORATION were ¥1,166.773 million, representing 18.6% of total sales, down from 28.5% in the previous fiscal year. The risk of dependence on a major customer continues to be disclosed. - FY2018-Q3RestatedAnnual report
「During the nine-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The review concludes that there has been no material change from the previous fiscal year in the risk arising from dependence on DENSO CORPORATION, an automotive parts manufacturer, for sales, and confirms that the risk remains. - FY2018-Q2RestatedAnnual report
「During the six-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The review concludes that there has been no material change from the previous fiscal year in the risk arising from dependence on DENSO CORPORATION, an automotive parts manufacturer, for sales, and confirms that the risk remains. - FY2018-Q1RestatedAnnual report
「During the three-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The review concludes that there has been no material change from the previous fiscal year in the risk arising from dependence on DENSO CORPORATION, an automotive parts manufacturer, for sales, and confirms that the risk remains. - FY2017Slight decline in the major-customer sales ratioAnnual report
「Sales to DENSO CORPORATION were ¥1,634.214 million, representing 28.5% of total sales.」
The company continues to show a concentration of major-customer sales in DENSO CORPORATION. The sales ratio edged down from 28.7% in the previous fiscal year to 28.5%. - FY2016First statedAnnual report
「Our products are highly dependent on automotive parts manufacturers, and we have not entered into long-term supply contracts with customers covering volumes, prices or other terms. Accordingly, trends in the capital investment and order levels of these parts manufacturers, as well as their management strategies, could affect the performance of our Group. DENSO CORPORATION, a major customer of our Group, has expanded its business with us on the basis of a longstanding, favorable relationship. However, a decline in orders from DENSO CORPORATION due to its capital investment plans or other aspects of its management strategy could affect the performance and financial condition of our Group.」
The company explicitly identifies its dependence on automotive parts manufacturers and its concentration of major-customer sales in DENSO CORPORATION. Sales to DENSO CORPORATION in the current fiscal year were ¥1,924.649 million, representing 28.7% of total sales.