Dependence on specific customers, including automakers
First written in FY2016. 8 of 24 entries say "Mitigated", first in FY2021. Latest entry: FY2026.
Tensho Electric Industries 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 2020: 13 of 26 companies on the "Worse" side.
4 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「SUBARU CORPORATION 4,716 21.6」
The share of sales to SUBARU CORPORATION in total sales rose from 15.3% in the previous fiscal year to 21.6%, increasing dependence on sales to a specific automaker. - 2026-05-14MitigatedResults
「株式会社ＳＵＢＡＲＵ 4,716 日本成形関連事業」
主要顧客であるSUBARU向け売上高は47億16百万円となった。依存度の判断に必要な総売上高に占める比率は前年度の15.3％から約21.6％へ上昇しており、前回の低下から反転している。 - FY2025MitigatedAnnual report
「Approximately 50% of the Group's revenue is generated from Japanese automakers. If vehicle production by major customers declines, continued deliveries of the Group's products could become difficult, potentially adversely affecting the Group's results and financial condition.／SUBARU CORPORATION 4,253 15.3」
Dependence on Japanese automakers, which account for approximately 50% of sales, remains, but the share of sales to SUBARU CORPORATION fell from 18.3% in the previous fiscal year to 15.3%. Meanwhile, the Japan molding-related business has been affected by production adjustments in the automotive industry. - FY2025-H1WorsenedAnnual report
「In the Japan molding-related business, results fell below forecasts due to the impact of production adjustments in the automotive industry. As a result, revenue was ¥9,750 million, down 5.2% year on year, and segment profit was ¥52 million, down 87.0% year on year.」
Production adjustments by major customers, including automakers, actually affected the Japan molding-related business, reducing revenue and causing segment profit to fall 87.0% year on year. - FY2024MitigatedAnnual report
「Approximately 50% of the Group's revenue is generated from Japanese automakers. If vehicle production by major customers declines due to semiconductor shortages or other factors, continued deliveries of the Group's products could become difficult, potentially adversely affecting the Group's results and financial condition. While maintaining and expanding automotive sales, the Group will work to further increase sales of logistics and industrial materials and mechanical components, thereby reducing the impact on the Group arising from the concentration of sales in specific fields.」
Dependence on Japanese automakers, which account for approximately 50% of sales, remains, but the company continues its policy of reducing the impact of dependence on specific fields by increasing sales of logistics and industrial materials and mechanical components. The share of sales to SUBARU CORPORATION fell from 20.5% to 18.3%. - FY2024-Q3MitigatedAnnual report
「In the Japan molding-related business, automakers receiving deliveries had suspended operations or reduced production at their finished-vehicle plants through the previous fiscal year due to COVID-19 and semiconductor supply shortages, but sales and profit have performed strongly following the resolution of these issues. As a result, revenue was ¥15,719 million, up 8.6% from the same quarter of the previous year, and segment profit was ¥644 million, up 88.4% from the same quarter of the previous year.」
The company explained that the impact of COVID-19 and semiconductor shortages that had caused operating suspensions and production cuts at automakers had been resolved, resulting in higher revenue and profit in the Japan molding-related business. The impact on actual results of dependence on specific customers has eased further. - FY2024-Q1MitigatedAnnual report
「In the Japan molding-related business, automakers receiving deliveries had suspended operations or reduced production at their finished-vehicle plants through the previous fiscal year due to COVID-19 and semiconductor supply shortages, but sales and profit have performed strongly following the resolution of these issues. As a result, revenue was ¥5,151 million, up 23.2% from the same quarter of the previous year, and segment profit was ¥231 million, compared with a segment loss of ¥1 million in the same quarter of the previous year.」
The company explained that the impact of COVID-19 and semiconductor shortages that had caused operating suspensions and production cuts at automakers had been resolved, and the Japan molding-related business recorded higher revenue, with segment earnings turning from a loss to a profit. - FY2023MitigatedAnnual report
「Approximately 50% of the Group's revenue is generated from Japanese automakers. If vehicle production by major customers declines due to semiconductor shortages or other factors, continued deliveries of the Group's products could become difficult, potentially adversely affecting the Group's results and financial condition. While maintaining and expanding automotive sales, the Group will work to further increase sales of logistics and industrial materials and mechanical components, thereby reducing the impact on the Group arising from the concentration of sales in specific fields.」
Dependence on automakers remains, but the company has stated a policy of reducing the impact of dependence on specific fields by increasing sales of logistics and industrial materials and mechanical components. The share of sales to SUBARU CORPORATION also fell from 20.7% to 20.5%. - FY2023-Q3Higher revenue; profitability maintained; operating suspensions continueAnnual report
「In the Japan molding-related business, although automakers receiving deliveries continued to suspend operations or reduce production at their finished-vehicle plants, production volumes were recovering under the living-with-COVID-19 environment, partly due to the effects of various policies. Sales from Ryumai Plastic Co., Ltd., which became a consolidated subsidiary in July 2021, also contributed. As a result, revenue was ¥14,479 million, up 20.5% from the same quarter of the previous year, and segment profit was ¥342 million, compared with a segment loss of ¥34 million in the same quarter of the previous year.」
Although operating suspensions and production cuts at automakers continued, the Japan molding-related business recorded higher revenue due to recovering production volumes and the contribution from sales by Ryumai Plastic Co., Ltd., with segment earnings turning from a loss to a profit. - FY2023-Q2Higher revenue; return to profitability; operating suspensions continueAnnual report
「In the Japan molding-related business, although automakers receiving deliveries continued to suspend operations or reduce production at their finished-vehicle plants due to semiconductor supply shortages, production volumes were recovering as the transition to a new phase of living with COVID-19 progressed. Sales from Ryumai Plastic Co., Ltd., which became a consolidated subsidiary in July 2021, also contributed. As a result, revenue was ¥9,060 million, up 28.3% from the same quarter of the previous year, and segment profit was ¥107 million, compared with a segment loss of ¥163 million in the same quarter of the previous year.」
While operating suspensions and production cuts at major customers continued, production volumes were recovering, and the Japan molding-related business recorded higher revenue, with segment earnings turning from a loss to a profit. The impact of dependence on business relationships continues. - FY2023-Q1Higher revenue; narrower loss; operating suspensions continueAnnual report
「In the Japan molding-related business, although the impact of the spread of COVID-19 had eased, automakers receiving deliveries suspended operations or reduced production at their finished-vehicle plants due to semiconductor supply shortages. Meanwhile, sales from Ryumai Plastic Co., Ltd., which became a consolidated subsidiary in July 2021, contributed to revenue. As a result, revenue was ¥4,182 million, up 28.0% from the same quarter of the previous year, and the segment recorded a loss of ¥1 million, compared with a segment loss of ¥18 million in the same quarter of the previous year.」
Although operating suspensions and production cuts at major customers continued, revenue in the Japan molding-related business increased and the segment loss narrowed from ¥18 million to ¥1 million. - FY2022MitigatedAnnual report
「Approximately 50% of the Group's revenue is generated from Japanese automakers. If vehicle production by major customers declines due to COVID-19, semiconductor shortages or other factors, continued deliveries of the Group's products could become difficult, potentially adversely affecting the Group's results and financial condition.」
The stated share of sales to Japanese automakers fell from approximately 60% to approximately 50%. The share of sales to SUBARU CORPORATION also fell from 26.4% to 20.7%, but the impact of production adjustments by automakers continues. - FY2022-Q3Revenue growth, with losses continuingAnnual report
「In the Japan molding-related business, finished-vehicle plants of the Group's major automaker customers suspended operations for certain periods due to semiconductor shortages and other factors resulting from the spread of COVID-19. As a result, revenue was ¥12,016 million, up 24.1% from the same quarter of the previous year, and the segment recorded a loss of ¥34 million, compared with segment profit of ¥36 million in the same quarter of the previous year.」
While operating suspensions continued at finished-vehicle plants of major customer automakers, revenue rose 24.1% year on year. However, segment earnings turned from a profit in the same quarter of the previous year to a loss, and the impact of dependence on business relationships continued. - FY2022-Q2Higher revenue; wider loss; operating suspensions continueAnnual report
「In the Japan molding-related business, due to the spread of COVID-19, finished-vehicle plants of the Group's major automaker customers suspended operations for certain periods because of semiconductor shortages and lockdowns at various parts factories in Southeast Asia. As a result, revenue was ¥7,064 million, up 23.0% from the same quarter of the previous year, and the segment recorded a loss of ¥163 million, compared with a segment loss of ¥70 million in the same quarter of the previous year.」
While operating suspensions continued at finished-vehicle plants of major customers, revenue rose 23.0% year on year. However, the segment loss widened from ¥70 million to ¥163 million, and the impact of dependence on business relationships continued. - FY2022-Q1Narrower revenue decline; operating suspensions continueAnnual report
「In the Japan molding-related business, although the impact of the spread of COVID-19 had eased, automakers receiving deliveries suspended operations or reduced production at their finished-vehicle plants due to semiconductor shortages. As a result, revenue was ¥3,267 million, up 38.4% from the same quarter of the previous year, and the segment recorded a loss of ¥18 million, compared with a segment loss of ¥83 million in the same quarter of the previous year.」
Although operating suspensions and production cuts at customer automakers continued, revenue in the Japan molding-related business increased year on year and the segment loss narrowed from ¥83 million to ¥18 million. While the impact of dependence on business relationships continues, actual results have improved somewhat. - FY2021MitigatedAnnual report
「SUBARU CORPORATION 4,112 26.4」
The share of sales to SUBARU CORPORATION in total sales fell from 30.8% in the previous fiscal year to 26.4%. Dependence on automakers remains significant, and the statement that Japanese automakers account for approximately 60% of revenue remains, but concentration in specific customers has eased somewhat. - FY2021-Q3MaterialisedAnnual report
「In the Japan molding-related business, automakers receiving deliveries suspended operations or reduced production at their finished-vehicle plants due to the spread of COVID-19. Although the impact in the first quarter resulted in a significant decline in profit from the previous year, the business secured profitability on a cumulative basis through the third quarter. As a result, revenue was ¥9,684 million, down 18.6% from the same quarter of the previous year, and segment profit was ¥36 million, down 93.6% from the same quarter of the previous year.」
Regarding dependence on business with automakers, the impact of operating suspensions and production cuts at customers continued, with revenue in the Japan molding-related business down 18.6% and segment profit down 93.6%. - FY2021-Q2MaterialisedAnnual report
「In the Japan molding-related business, automakers receiving deliveries suspended operations or reduced production at their finished-vehicle plants due to the spread of COVID-19. As a result, revenue was ¥5,743 million, down 28.0% from the same quarter of the previous year, and the segment recorded a loss of ¥70 million, compared with segment profit of ¥390 million in the same quarter of the previous year.」
Regarding dependence on business with automakers, the impact of operating suspensions and production cuts at finished-vehicle plants of customers continued, and the Japan molding-related business recorded lower revenue and a segment loss. - FY2021-Q1MaterialisedAnnual report
「In the Japan molding-related business, automakers receiving deliveries suspended operations or reduced production at their finished-vehicle plants due to the spread of COVID-19. As a result, revenue was ¥2,360 million, down 39.5% from the same quarter of the previous year, and the segment recorded a loss of ¥83 million, compared with segment profit of ¥163 million in the same quarter of the previous year.」
Regarding dependence on business with automakers, operating suspensions and production cuts were implemented at finished-vehicle plants of customers, resulting in an actual decline in revenue of 39.5% year on year and a shift in segment earnings from a profit to a loss. - FY2020WorsenedAnnual report
「Approximately 60% of the Group's revenue is generated from Japanese automakers. If domestic and overseas vehicle sales decline due to changes in the economic environment resulting from the spread of COVID-19 and other factors, continued deliveries of the Group's products could become difficult, potentially adversely affecting the Group's results and financial condition.」
The company explicitly states that approximately 60% of sales are to Japanese automakers and provides additional explanation of the risk that declining vehicle sales or COVID-19 could make continued deliveries difficult. - FY2019WorsenedAnnual report
「SUBARU CORPORATION 4,721 26.8」
The share of sales to SUBARU CORPORATION in total sales rose from 21.6% in the previous consolidated fiscal year to 26.8%. Dependence on sales to a major automaker has increased further. - FY2018WorsenedAnnual report
「SUBARU CORPORATION 3,355 21.6」
The share of sales to major customer SUBARU CORPORATION in total sales rose from 17.1% in the previous year to 21.6%. Exposure related to dependence on automakers has increased numerically. - FY2017RestatedAnnual report
「The Group's major customers are automakers, and stable business relationships are currently continuing. However, automakers are engaged in intense competition for market leadership, and there is a risk that continued deliveries of the Group's products could become difficult due to economic fluctuations, intensifying competition and overseas expansion.」
The company continues to disclose its dependence on automakers and the possibility that continued deliveries could become difficult. Sales to Fuji Heavy Industries, Ltd. were ¥2,626 million, accounting for 17.1% of total sales. - FY2016First statedAnnual report
「The Group's major customers are automakers, and stable business relationships are currently continuing. However, automakers are engaged in intense competition for market leadership, and there is a risk that continued deliveries of the Group's products could become difficult due to economic fluctuations, intensifying competition and overseas expansion.」
While recognizing stable business with major customers, the company indicates that competition among customers, economic fluctuations and overseas expansion could make continued deliveries difficult. Sales were ¥2,361 million to Fuji Heavy Industries, Ltd. and ¥3,219 million to Sanko Co., Ltd.