Risk of an impact on performance from changes in the business environment affecting a major solar cell manufacturer
First written in FY2016. 5 of 12 entries say "Worsened", first in FY2018. Latest entry: 2026-10-09.
Npc moved to the "Worse" side of this theme in 2018, 2 years before the typical company in this theme (2020).
The whole theme swung hardest in 2025: 12 of 25 companies on the "Worse" side.
7 other companies' latest entry also says "Mitigated".
- FY2025WorsenedAnnual report
「Current consolidated fiscal year FIRST SOLAR, INC. ¥7,216.062 million 77.8%」
The sales ratio for First Solar increased from 72.7% in the previous fiscal year to 77.8%, further increasing dependence on a major customer for sales. - FY2024WorsenedAnnual report
「Current consolidated fiscal year FIRST SOLAR, INC. ¥7,848.700 million 72.7%」
The sales ratio for First Solar increased from 36.5% in the previous fiscal year to 72.7%, significantly increasing dependence on a major customer. - FY2022SoftenedAnnual report
「First Solar Vietnam Mfg Co., Ltd. 1,766,676 40.3 Tesla,Inc. 459,282 10.5 FIRST SOLAR,INC. 442,717 10.1」
The company disclosed 2 First Solar-related companies and Tesla as major customers. First Solar-related sales accounted for a combined 50.4% and Tesla for 10.5%. Dependence declined from 71.1% for First Solar-related sales in the previous fiscal year but remains high. - FY2021SoftenedAnnual report
「FIRST SOLAR MALAYSIA SDN.BHD. 1,798,200 34.5 First Solar Vietnam Mfg Co., Ltd. 1,207,241 23.1 FIRST SOLAR,INC. 706,789 13.5」
Sales related to First Solar accounted for a combined 71.1% in the current fiscal year, down from 78.4% in the previous fiscal year. However, the company states that its dependence on First Solar remains very high. - FY2020WorsenedAnnual report
「Our Group's sales ratio for First Solar, Inc. and its subsidiaries, collectively referred to below as First Solar, is currently high. If First Solar's business environment contracts significantly, its creditworthiness declines or its transactions with us decrease, this could affect our Group's performance.」
The company continues to identify dependence on First Solar as a key risk. In the current fiscal year, First Solar Malaysia accounted for 51.9% and First Solar, Inc. for 26.5%, bringing the combined total to 78.4%. It also outlines measures to reduce this dependence, including establishing a US base and strengthening sales to other companies and industries. - FY2019WorsenedAnnual report
「Our Group's sales ratio for First Solar, Inc., a US solar cell manufacturer, is particularly high. However, continued growth is expected because the company is listed on NASDAQ, has strong creditworthiness and a stable financial position, the US solar cell market it primarily targets remains very strong, and its products are highly competitive. Nevertheless, if the timing of its capital investment is delayed or its capital investment plan is cancelled, this could affect our Group's performance.」
The company specifically stated that its sales ratio for First Solar, Inc. is high as a major-customer risk. In terms of sales results, First Solar Inc. accounted for 58.5% and First Solar Vietnam for 18.4%. - FY2018WorsenedAnnual report
「If the business environment of a customer with a high sales ratio contracts significantly or the customer withdraws from the business, this could affect our Group's performance.」
The company continues to explain the risk of dependence on major customers. In the current fiscal year, the sales ratios of the 3 major customers were disclosed as 37.9%, 24.6% and 16.5%, bringing the total for the top 3 customers to 79.0%. - FY2017RestatedAnnual report
「Our Group sells solar cell manufacturing equipment to solar cell manufacturers worldwide and does not pursue a sales policy focused on specific customers. However, our Group's sales ratio for large-scale solar cell manufacturers is naturally high.」
While indicating a policy of avoiding a focus on specific customers, the company reconfirms the risk that changes in the business environment of large-scale manufacturers could affect performance. - FY2016First statedAnnual report
「Our Group's sales ratio for large-scale solar module manufacturers is naturally high. If the business environment of a customer with a high sales ratio contracts significantly or the customer withdraws from the business, this could affect our Group's performance.」
Although the company states that it does not pursue a sales policy focused on specific customers, it identifies the impact of business contraction or withdrawal by large-scale manufacturers as a risk.