Dependence on Specific Products and a Specific Customer in China
First written in FY2016. 7 of 11 entries say "Mitigated", first in FY2017-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2020: 29 of 92 companies on the "Worse" side.
38 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「As of the consolidated fiscal year-end, 13.5% of trade receivables was attributable to a specific major customer.」
The concentration of trade receivables attributable to a specific major customer declined from 15.7% in the previous disclosure to 13.5%. - FY2025WorsenedAnnual report
「As of the consolidated fiscal year-end, 15.7% of trade receivables was attributable to a specific major customer.」
The concentration of trade receivables attributable to a specific major customer rose from 10.1% in the previous disclosure to 15.7%. - FY2024MitigatedAnnual report
「As of the consolidated fiscal year-end, 10.1% of trade receivables was attributable to a specific major customer.」
The concentration of trade receivables attributable to a specific major customer declined from the previous period's disclosed figure to 10.1%. The concentration of credit risk relating to a specific customer eased on a numerical basis. - FY2021WorsenedAnnual report
「As of the consolidated fiscal year-end, 41.4% of trade receivables was attributable to a specific major customer, compared with 19.2% at the end of the previous consolidated fiscal year.」
The concentration of trade receivables attributable to a specific major customer rose from 19.2% to 41.4%, indicating a numerical increase in customer and credit risk concentration. - FY2019MitigatedAnnual report
「As of the consolidated fiscal year-end, 26.0% of trade receivables was attributable to a specific major customer, compared with 40.6% at the end of the previous consolidated fiscal year.」
The concentration of trade receivables attributable to a specific major customer declined from 40.6% to 26.0%. At the same time, the disclosure states that sales of diamond wire remain highly dependent on Chinese companies. - FY2019-Q3MitigatedAnnual report
「Sales of diamond wire to multiple major monocrystalline wafer manufacturers have commenced, and as transaction volumes are expected to expand going forward, we will continue to pursue active sales activities.」
Compared with the previous concentration on a specific customer, the commencement and expansion of transactions with multiple major monocrystalline wafer manufacturers indicate further progress toward customer diversification. - FY2019-Q2MitigatedAnnual report
「Sales of diamond wire to multiple major monocrystalline wafer manufacturers have commenced, and as transaction volumes are expected to expand going forward, we will continue to pursue active sales activities.」
Compared with the previous concentration on a specific customer, the commencement of sales to multiple major monocrystalline wafer manufacturers indicates progress toward customer diversification. - FY2017-Q3MitigatedAnnual report
「The Group's flagship product, DINA-PRISM (diamond wire), had previously been particularly dependent on sales to the Chinese company Xi'an LONGi Silicon Materials Corp., Ltd., but that dependence has declined due to the reduction in transaction volume during the cumulative second quarter of the current consolidated fiscal period. Meanwhile, following product evaluations of the Group's diamond wire by new customers, large-volume transactions with multiple new sales destinations that can replace the company had commenced as of the end of the current quarter.」
Concentration risk relating to a specific customer declined further because dependence on Xi'an LONGi Silicon Materials Corp., Ltd. decreased and large-volume transactions commenced with multiple new sales destinations in place of that company. However, the new sales destinations are primarily Chinese companies, so dependence on Chinese companies is expected to continue. - FY2017-Q2MitigatedAnnual report
「The Group's flagship product, DINA-PRISM (diamond wire), had previously been particularly dependent on sales to the Chinese company Xi'an LONGi Silicon Materials Corp., Ltd., but that dependence has declined due to the reduction in transaction volume during the cumulative second quarter of the current consolidated fiscal period.」
Dependence on Xi'an LONGi Silicon Materials Corp., Ltd. declined. However, no new major sales destination has been secured, and prospective new customers are primarily Chinese companies, so dependence on Chinese companies is expected to continue. - FY2017-Q1MaterialisedAnnual report
「In the Group's core electronic materials slicing-related business, sales declined substantially from the same period of the previous year due to a reduction in transaction volume during negotiations with major customers over selling prices.」
The decline in transaction volume related to dependence on a specific major customer actually occurred and was reflected in deteriorating performance. - FY2016First statedAnnual report
「Because diamond wire users are concentrated in China, the Company is highly dependent on Chinese companies, particularly 西安隆基硅材料股份有限公司.」
Sales to the Longi Group amounted to ¥4,119,942 thousand, accounting for 60.3% of consolidated net sales.