Sales concentration among 3 major customers
First written in FY2017-Q1. 11 of 34 entries say "Reframed", first in FY2019-Q1. Latest entry: FY2027-H1.
Hoden Seimitsu Kako Kenkyusho moved to the "Worse" side of this theme in 2026, 3 years after the typical company in this theme (2023).
The whole theme swung hardest in 2017: 12 of 76 companies on the "Worse" side.
28 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「Factors materially affecting the operating results of the Group include sales related to the four major customers, which accounted for 63.0% of the Group’s sales (interim consolidated accounting period of the fiscal year ending February 2027). Significant changes in these major customers’ order intake and production trends or outsourcing policies could affect the Group’s operating results.」
The sales concentration ratio related to the four major customers was 63.0%, up from 60.7% disclosed for the previous interim period. Concentration risk has increased numerically. - FY2026WorsenedAnnual report
「The four major customer groups, Mitsubishi Heavy Industries Group, NGK Group, Kawasaki Heavy Industries Group and LIXIL Group, accounted for 68.1% of the Group’s sales for the consolidated fiscal year.」
The sales concentration ratio for the four major customer groups was stated as 68.1%, up from 60.7% in the previous interim period, indicating a numerical increase in concentration risk. - FY2026-H1MitigatedAnnual report
「Sales related to the four major customers accounted for 60.7% of the Group’s sales (interim consolidated accounting period of the fiscal year ending February 2026).」
The sales concentration ratio related to the four major customers was 60.7%, down from 65.9% previously. Concentration risk itself continues. - FY2025-H1ReframedAnnual report
「Factors materially affecting the operating results of the Group include sales related to the four major customers, which accounted for 65.9% of the Group’s sales (interim consolidated accounting period of the fiscal year ending February 2025). Significant changes in these major customers’ order intake and production trends or outsourcing policies could affect the Group’s operating results.」
Sales concentration related to the four major customers was stated as 65.9%. The way the scope was presented changed from the previous 68.4%, which included the four major customer groups and trading companies, so the figures cannot be directly compared. - FY2025-Q1ReframedAnnual report
「Factors materially affecting the operating results of the Group include sales to the four major customer groups and trading companies, which accounted for 68.4% of the Group’s sales (cumulative first quarter of the fiscal year ending February 2025). Significant changes in these major customer groups’ order intake and production trends or outsourcing policies could affect the Group’s operating results.」
Sales concentration, including trading companies in addition to the four major customer groups, was stated as 68.4%. In the previous consolidated fiscal year, sales to the four major customer groups alone were stated as 64.2%, so the scope and presentation of the metric changed. - FY2024MitigatedAnnual report
「The four major customer groups, Mitsubishi Heavy Industries Group, NGK Insulators Group, Kawasaki Heavy Industries Group and LIXIL Group, accounted for 64.2% of the Group’s sales for the consolidated fiscal year.」
The sales concentration ratio for the four major customer groups was 64.2%, down from 67.3% in the previous consolidated fiscal year. Concentration risk remains, although the disclosed ratio has declined. - FY2024-Q3MitigatedAnnual report
「Factors materially affecting the operating results of the Group include sales to the four major customer groups, which accounted for 65.5% of the Company’s sales (cumulative third quarter of the fiscal year ending February 2024). Significant changes in these major customers’ order intake and production trends or outsourcing policies could affect the Group’s operating results.」
The sales concentration ratio for the four major customer groups was 65.5%, down from 69.1% in the previous disclosure. Concentration risk remains, although the disclosed ratio has declined. - FY2024-Q2RestatedAnnual report
「Factors materially affecting the operating results of the Group include sales related to the four major customers, which accounted for 69.1% of the Group’s sales (cumulative second quarter of the fiscal year ending February 2023). Significant changes in these major customers’ order intake and production trends or outsourcing policies could affect the Group’s operating results.」
The disclosure continued to describe the concentration of sales related to the four major customers and the potential impact on operating results from changes in order intake and production trends or outsourcing policies. - FY2024-Q1ReframedAnnual report
「The four major customer groups and trading companies accounted for 68.64% of the Group’s sales (cumulative first quarter of the fiscal year ending February 2024). Significant changes in these major customer groups’ order intake and production trends or outsourcing policies could affect the Group’s operating results.」
Sales concentration was stated as 68.64% including trading companies in addition to the four major customer groups. The scope and presentation of the metric changed from the previous disclosure, which covered only the four major customer groups. - FY2023WorsenedAnnual report
「The four major customer groups, Mitsubishi Heavy Industries Group, NGK Insulators Group, Kawasaki Heavy Industries Group and LIXIL Group, accounted for 67.3% of the Group’s sales for the consolidated fiscal year.」
The sales concentration ratio for the four major customer groups rose from 64.2% in the previous consolidated fiscal year to 67.3%. - FY2023-Q3ReframedAnnual report
「Factors materially affecting the operating results of the Group include sales to the four major customer groups, which accounted for 68.9% of the Company’s sales (cumulative third quarter of the fiscal year ending February 2023). Significant changes in these major customers’ order intake and production trends or outsourcing policies could affect the Group’s operating results.」
The description changed from “related to the four major customers” previously to “the four major customer groups” this time. The sales ratio was 68.9%. - FY2023-Q2ReframedAnnual report
「Factors materially affecting the operating results of the Group include sales related to the four major customers, which accounted for 69.1% of the Group’s sales (cumulative second quarter of the fiscal year ending February 2023). Significant changes in these major customers’ order intake and production trends or outsourcing policies could affect the Group’s operating results.」
The description changed from “including the four major customer groups and trading companies” previously to “related to the four major customers” this time. The sales concentration ratio was stated as 69.1%. - FY2023-Q1WorsenedAnnual report
「Factors materially affecting the operating results of the Group include sales to the four major customer groups and trading companies, which accounted for 71.4% of the Group’s sales (cumulative first quarter of the fiscal year ending February 2023). Significant changes in these major customer groups’ order intake and production trends or outsourcing policies could affect the Group’s operating results.」
The sales concentration ratio, including the four major customer groups and trading companies, was 71.4%, up from 61.6% on the same basis previously. Concentration risk has increased numerically. - FY2022MitigatedAnnual report
「The four major customer groups, Mitsubishi Heavy Industries Group, NGK Insulators Group, Kawasaki Heavy Industries Group and LIXIL Group, accounted for 64.2% of the Group’s sales for the consolidated fiscal year.」
The sales concentration ratio for the four major customer groups was 64.2%, down from 65.6% previously. The breakdown was also disclosed: Mitsubishi Heavy Industries Group 34.6%, NGK Insulators Group 11.6%, Kawasaki Heavy Industries Group 4.2% and LIXIL Group 13.9%. - FY2022-Q3WorsenedAnnual report
「The four major customer groups accounted for 65.6% of the Company’s sales (cumulative third quarter of the fiscal year ending February 2022). Significant changes in these major customers’ order intake and production trends or outsourcing policies could affect the Group’s operating results.」
The sales concentration ratio for the four major customer groups rose from 63.9% previously to 65.6%, indicating a numerical increase in concentration risk. - FY2022-Q2ReframedAnnual report
「Sales related to the four major customers accounted for 63.9% of the Group’s sales (cumulative second quarter of the fiscal year ending February 2022). Significant changes in these major customers’ order intake and production trends or outsourcing policies could affect the Group’s operating results.」
Sales concentration related to the four major customers was stated as 63.9%. Previously, the scope was described as “including the four major customer groups and trading companies,” so the way the scope was presented changed. - FY2022-Q1MitigatedAnnual report
「The four major customer groups and trading companies accounted for 61.6% of the Group’s sales (cumulative first quarter of the fiscal year ending February 2021).」
The sales concentration ratio, including the four major customer groups and trading companies, was 61.6%, down from 66.7% previously on the same basis. - FY2021-Q3WorsenedAnnual report
「The four major customer groups accounted for 67.9% of the Company’s sales (cumulative third quarter of the fiscal year ending February 2021). Significant changes in these major customers’ order intake and production trends or outsourcing policies could affect the Company’s operating results.」
The sales concentration ratio for the four major customer groups rose from 67.7% in the previous quarter to 67.9%, indicating a numerical increase in concentration risk. - FY2021-Q2WorsenedAnnual report
「Sales related to the four major customers accounted for 67.7% of the Group’s sales (cumulative second quarter of the fiscal year ending February 2021). Significant changes in these major customers’ order intake and production trends or outsourcing policies could affect the Group’s operating results.」
The sales concentration ratio related to the four major customers rose from 66.7% previously to 67.7%, indicating a numerical increase in concentration risk. - FY2021-Q1ReframedAnnual report
「Factors materially affecting the operating results of the Group include sales to the four major customer groups and trading companies, which accounted for 66.7% of the Group’s sales (cumulative first quarter of the fiscal year ending February 2021). Significant changes in these major customer groups’ order intake and production trends or outsourcing policies could affect the Group’s operating results.」
The scope changed from the previous description of parties related to the four major customers to sales of 66.7% including the four major customer groups and trading companies. - FY2020-Q3RestatedAnnual report
「Sales related to the four major customers accounted for 65.9% of the Company’s sales (cumulative third quarter of the fiscal year ending February 2020). Significant changes in these major customers’ order intake and production trends or outsourcing policies could affect the Company’s operating results.」
The disclosure continued to describe the concentration of sales related to the four major customers and the potential impact on operating results from changes in order intake and production trends or outsourcing policies. The sales ratio was 65.9%. - FY2020-Q2ReframedAnnual report
「Factors materially affecting the Company’s operating results include sales related to the four major customers, which accounted for 65.0% of the Company’s sales (cumulative second quarter of the fiscal year ending February 2020). Significant changes in these major customers’ order intake and production trends or outsourcing policies could affect the Company’s operating results.」
The scope changed from the previous three major customers or parties related to the three customers to parties related to the four major customers, and the sales concentration ratio was stated as 65.0%. - FY2020-Q1RestatedAnnual report
「Factors materially affecting the operating results of the Group include sales to the three major customers and trading companies, which accounted for 55.8% of the Group’s sales (cumulative first quarter of the fiscal year ending February 2020). Significant changes in these major customers’ order intake and production trends or outsourcing policies could affect the Group’s operating results.」
The disclosure continued to describe the risk of sales concentration, including the three major customers and trading companies. The sales ratio was 55.8%. - FY2019ReframedAnnual report
「The three major customer groups, Mitsubishi Heavy Industries Group, NGK Insulators Group and LIXIL Group, accounted for 48.9% of the Group’s sales for the consolidated fiscal year.」
The disclosure changed from the previous description of the three major customers or parties related to the three customers to showing sales concentration by corporate group, at 48.9%. - FY2019-Q3RestatedAnnual report
「Factors materially affecting the operating results of the Group include sales related to the three major customers, which accounted for 55.5% of the Group’s sales (cumulative third quarter of the fiscal year ending February 2019). Significant changes in these major customers’ order intake and production trends or outsourcing policies could affect the Group’s operating results.」
The disclosure continued to describe the concentration of sales related to the three major customers and the potential impact on operating results from changes in order intake and production trends or outsourcing policies. The sales ratio was 55.5%, up from 54.3% in the previous quarter. - FY2019-Q2ReframedAnnual report
「Factors that may have a material impact on the operating results of our group include the fact that businesses related to 3 major customers accounted for 54.3% of our group's sales in the cumulative consolidated second quarter of the fiscal year ended February 2019. Significant changes in these major customers' orders, production trends or outsourcing policies could affect our group's operating results.」
The description of concentration risk changed from “including the three major customers and trading companies” in the previous quarter to “related to the three major customers.” The sales ratio was 54.3%. - FY2019-Q1ReframedAnnual report
「Factors that may have a material impact on the operating results of our group include the fact that 3 major customers and trading companies together accounted for 53.9% of our group's sales in the cumulative consolidated first quarter of the fiscal year ended February 2019. Significant changes in these major customers' orders, production trends or outsourcing policies could affect our group's operating results.」
The explanation of concentration among the previous 3 major customers was revised to use a 53.9% sales measure that included trading companies, changing the scope and indicator used to present the risk. - FY2018RestatedAnnual report
「Mitsubishi Heavy Industries,Ltd., 日本碍子㈱ and LIXIL, the group's 3 major customers, accounted for 52.1% of our group's sales for the consolidated fiscal year. Accordingly, significant changes in these major customers' orders, production trends or outsourcing policies could affect our group's operating results.」
The company continued to disclose sales concentration among 3 major customers and the potential impact on operating results from changes in their orders, production trends and outsourcing policies. The sales ratio was 52.1%. - FY2018-Q3RestatedAnnual report
「Factors that may have a material impact on the operating results of our group include the fact that 3 major customers accounted for 53.4% of our group's sales in the cumulative consolidated third quarter of the fiscal year ended February 2018. Significant changes in these major customers' orders, production trends or outsourcing policies could affect our group's operating results.」
The company continued to disclose sales concentration among 3 major customers and the potential impact on operating results from changes in orders, production trends and outsourcing policies. The ratio was 53.4%, down from 54.4% in the previous quarter. - FY2018-Q2RestatedAnnual report
「Factors that may have a material impact on the operating results of our group include the fact that 3 major customers accounted for 54.4% of our group's sales in the cumulative consolidated second quarter of the fiscal year ended February 2018. Significant changes in these major customers' orders, production trends or outsourcing policies could affect our group's operating results.」
The company continued to disclose sales concentration among 3 major customers and the potential impact on operating results from changes in orders, production trends and outsourcing policies. The ratio was 54.4%, up from 52.5% in the previous quarter. - FY2018-Q1RestatedAnnual report
「3 major customers accounted for 52.5% of our group's sales in the cumulative consolidated first quarter of the fiscal year ended February 2018. Significant changes in these major customers' orders, production trends or outsourcing policies could affect our group's operating results.」
The company continued to disclose sales concentration among 3 major customers and the potential impact on operating results from changes in orders, production trends and outsourcing policies. The ratio was 52.5%, a slight increase from 52.4% in the previous quarter. - FY2017-Q3RestatedAnnual report
「Factors that may have a material impact on the operating results of our group include the fact that 3 major customers accounted for 52.4% of our group's sales in the cumulative consolidated third quarter of the fiscal year ended February 2017. Significant changes in these major customers' orders, production trends or outsourcing policies could affect our group's operating results.」
The company continued to disclose the risk of sales concentration among 3 major customers and the potential impact on operating results from changes in orders, production trends and outsourcing policies. The ratio was 52.4%, changing from 51.6% in the previous quarter. - FY2017-Q2RestatedAnnual report
「Factors that may have a material impact on the operating results of our group include the fact that 3 major customers accounted for 51.6% of our group's sales in the cumulative consolidated second quarter of the fiscal year ended February 2017. Significant changes in these major customers' orders, production trends or outsourcing policies could affect our group's operating results.」
The company continued to disclose the risk of sales concentration among 3 major customers. The ratio was 51.6% this time, down from 53.4% in the previous disclosure, while the potential impact on operating results from orders, production trends and other factors remained. - FY2017-Q1First statedAnnual report
「The 3 major customers accounted for 53.4% of the Group's sales in the first quarter of the fiscal year ending February 2017. Significant changes in these customers' orders, production trends or outsourcing policies could affect the Group's operating results.」
The disclosure identified sales concentration among 3 major customers, which accounted for 53.4% of sales, and the potential impact on operating results of changes in their orders, production trends or outsourcing policies.