Komori
Pegasus (6262) · RiskRestated

Dependence on specific customers for die-cast components

First written in FY2016. 10 of 21 entries say "Restated". Latest entry: FY2026.

21entries
11years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2016 – FY2018MitigatedFY2022 – FY2024-Q1RestatedFY2024-Q2 – FY20262016: 120162017: 020172018: 320182019: 420192020: 220202021: 220212022: 220222023: 320232024: 220242025: 120252026: 12026
Same theme, other companies
Dependence on Specific Customers for RevenueA theme 117 companies write about · 117 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2025: 27 of 87 companies on the "Worse" side.

11 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 117 companies compared. The sentences above are computed from all 117.
Full recordFilings, disclosures and news, newest first
  1. FY2026RestatedAnnual report

    「Our corporate group continues to expand the range of products supplied to existing customers and develop new customers in order to reduce dependence on specific customers and regions.」

    The company continues to expand the range of products supplied to existing customers, develop new customers, and make value-added proposals beyond price. It also continues to have no customer accounting for 10% or more of total sales.
  2. FY2025RestatedAnnual report

    「No customer accounted for 10% or more of total sales.」

    The company continues to disclose that no specific customer accounts for 10% or more of consolidated revenue. In the Automotive Business, it is also proceeding with the acquisition of new customers and expansion of business with existing customers.
  3. FY2024RestatedAnnual report

    「No customer accounted for 10% or more of total sales.」

    The company continues to disclose that no specific customer accounts for 10% or more of consolidated revenue. It also continues to acquire orders for new products and develop new customers.
  4. FY2024-Q3RestatedAnnual report

    「Under these conditions, the company continued to develop new customers by leveraging its global supply system and worked to strengthen its production system, while performance remained firm.」

    The Automotive Business continued to develop new customers. Revenue and segment profit increased, but no new quantitative disclosure on dependence on specific customers or completion of customer diversification was stated.
  5. FY2024-Q2RestatedAnnual report

    「Continued acquisition of new customers and strengthened supply to existing business partners led to higher revenue and an improved cost ratio, resulting in revenue of ¥3,642 million, up 25.9% year on year, and segment profit of ¥481 million, up 162.8%.」

    The company continues to acquire new customers and strengthen supply to existing customers, including new components. The Automotive Business posted higher revenue and profit, but no new quantitative disclosure on customer dependence was made.
  6. FY2024-Q1MitigatedAnnual report

    「Business remained firm as a result of acquiring new customers and increasing orders from existing customers, including orders for new components.」

    In addition to acquiring new customers, orders from existing customers, including orders for new components, increased, and efforts to diversify dependence on specific customers continued. The Automotive Business posted higher revenue and profit.
  7. FY2023-Q3MitigatedAnnual report

    「In the Automotive business, the acquisition of new customers and the response to customer needs, particularly delivery schedules and quality, resulted in revenue of ¥4,665 million, up 61.4% year on year, and segment profit of ¥342 million, up 121.3%.」

    The acquisition of new customers progressed, and efforts to diversify dependence on specific customers are continuing. The Automotive Business posted higher revenue and profit, but no new quantitative disclosure on the level of dependence was made.
  8. FY2022MitigatedAnnual report

    「No customer accounted for 10% or more of total sales.」

    For the fiscal year under review, the company disclosed that no specific customer accounted for 10% or more of consolidated revenue. This is quantitative information indicating reduced dependence on specific customers and customer diversification.
  9. FY2022-Q3RestatedAnnual report

    「In die-cast components, sales were affected by automobile production stoppages and delays caused by the semiconductor shortage, but strengthened sales activities to expand sales channels resulted in revenue of ¥2,890 million, up 58.4% year on year, and segment profit of ¥154 million, up 142.6%.」

    The company disclosed strengthened sales activities aimed at expanding distribution channels and higher revenue and profit, but did not state that dependence on specific customers had decreased or that a new stage of customer diversification had been reached.
  10. FY2022-Q2RestatedAnnual report

    「In die-cast components, strengthened sales activities to expand sales channels, an effort undertaken for some time, resulted in revenue of ¥1,880 million, up 73.9% year on year, and segment profit of ¥113 million, up 314.0%.」

    The company disclosed strengthened sales activities aimed at expanding distribution channels and higher revenue, but did not state that dependence on specific customers had decreased or that a new stage of customer diversification had been reached.
  11. FY2021RestatedAnnual report

    「In the die-cast components business, the company is working to reduce dependence on specific customers, diversify its customer base, and lower costs.」

    Efforts to reduce dependence on specific customers, diversify the customer base, and lower costs are continuing. No new stage of progress in customer diversification was stated.
  12. FY2020MitigatedAnnual report

    「In Vietnam, efforts to develop new customers in Indonesia and Thailand, where automobile production is strong, led to new orders that contributed to performance.」

    The acquisition of orders through new customer development progressed, giving concrete form to efforts to diversify dependence on specific customers.
  13. FY2020-Q3RestatedAnnual report

    「For die-cast parts, the company worked to develop new customers despite a global slowdown in automobile sales, resulting in higher revenue than in the previous year.」

    The company continued to develop new customers and posted higher revenue year on year. Efforts to diversify the customer base and reduce dependence on specific customers are continuing, but no new stage of progress from the previous quarter was indicated.
  14. FY2020-Q2MitigatedAnnual report

    「For die-cast parts, mainly automotive components, the company worked to develop new customers despite a global slowdown in automobile sales, resulting in higher revenue than in the previous year.」

    As a result of efforts to develop new customers, die-cast component revenue increased year on year. Efforts to diversify the customer base and reduce dependence on specific customers are continuing.
  15. FY2020-Q1MitigatedAnnual report

    「In die-cast components, mainly for automotive applications, the benefits of developing new customers began to emerge.」

    The company stated that the benefits of developing new customers had begun to emerge, indicating efforts to diversify its customer base and reduce dependence on specific customers. However, the die-cast components business posted an operating loss due to start-up costs for the Mexican subsidiary and other factors.
  16. FY2019MaterialisedAnnual report

    「In the die-cast components business, the company continued to focus on sales activities aimed at expanding distribution channels, but was affected by inventory adjustments by major customers. Revenue was ¥2,697 million, down 2.7% year on year, and operating profit was ¥59 million, down 70.7%.」

    The impact of inventory adjustments by major customers continued throughout the fiscal year, and the risk associated with dependence on specific customers materialised as declines in revenue and operating profit.
  17. FY2019-Q3MaterialisedAnnual report

    「Meanwhile, although demand for die-cast components, mainly for automotive applications, showed signs of bottoming out, the impact of inventory adjustments by major customers remained, and demand remained weak.」

    The impact of inventory adjustments by major customers continued, and the risk associated with dependence on specific customers continued to materialise as weak demand for die-cast components.
  18. FY2019-Q2MaterialisedAnnual report

    「Meanwhile, demand for die-cast components, mainly for automotive applications, remained weak as a result of the continuing impact of inventory adjustments by major customers.」

    Inventory adjustments by major customers continued, resulting in weak demand for die-cast components. Revenue fell 9.6% year on year and operating profit fell 81.6%, indicating that the risk associated with dependence on specific customers continued to materialise.
  19. FY2019-Q1MaterialisedAnnual report

    「Demand for die-cast components, mainly automotive components, remained weak owing to the impact of inventory adjustments and other factors at major customers.」

    Inventory adjustments by major customers appeared as weak demand, causing die-cast component revenue to decline 13.4% year on year and operating profit to fall 83.2%. The company disclosed that the risk associated with dependence on specific customers had materialised.
  20. FY2018RestatedAnnual report

    「Our components have established a strong position based on their safety and in the global supply chain, but if changes occur in the business conditions of those customers, this may affect the financial position and operating results of our corporate group.」

    Changes in the business conditions of specific customers for die-cast components continue to be identified as a risk. The company also states that it is working to reduce dependence on specific customers, diversify its customer base, and lower costs.
  21. FY2016First statedAnnual report

    「At present, most manufactured products are sold to specific customers. If changes occur in their business conditions or procurement policies for components, this may affect the financial position and operating results of our corporate group.」

    It also states that the company is working to reduce its dependence on specific customers and lower costs.
Moved together

"Foreign exchange fluctuation risk associated with foreign-currency transactions and overseas operations" moved the same way as this thread, in the same document, in 4 of its 21 moves.

443222★123456
  1. ★This thread
  2. 1Foreign exchange fluctuation risk associated with foreign-currency transactions and overseas operations4×
  3. 2Expanding the die-cast components business as the second pillar of the growth strategy4×
  4. 3Political, geopolitical and regulatory risks in overseas operations3×
  5. 4Creating markets and expanding the sales network2×
  6. 5Strengthening the financial position by prioritizing cash flow2×
  7. 6Returning profits through consistent and stable dividends2×

★ 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
Pegasus's next results are scheduled for 2026-10-30. Read the earnings preview
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.