Heavy reliance on the marine business
First written in FY2019. 2 of 4 entries say "Worsened", first in FY2024. Latest entry: FY2026.
Furuno Electric moved to the "Worse" side of this theme in 2024, 2 years after the typical company in this theme (2022).
The whole theme swung hardest in 2025: 22 of 54 companies on the "Worse" side.
5 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The marine business accounted for 86.2% of the Group's consolidated net sales in the fiscal year under review, maintaining a high level.」
The marine business's share of net sales rose from 85.5% previously to 86.2%, further increasing the Group's dependence on the business. - FY2024WorsenedAnnual report
「The marine business accounted for 85.5% of the Group's consolidated net sales in the fiscal year under review, maintaining a high level.」
The marine business's share of net sales rose from 76.5% in the previous disclosure to 85.5%, increasing the Group's dependence on the business. - FY2021MitigatedAnnual report
「The marine business accounted for 76.5% of the Group's consolidated net sales in the fiscal year under review, and this high level of dependence has continued.」
The marine business's share of net sales declined from 81.1% in the previous fiscal year to 76.5%, but the Group remains highly dependent on the business. - FY2019First statedAnnual report
「The marine business accounted for 81.1% of the Group's consolidated net sales in the fiscal year under review, and this high level of dependence has continued. Compared with the Group's other businesses, the performance of the marine business therefore has a significant impact on the Group's overall performance.」
The 81.1% share of net sales generated by the marine business is quantified for the first time as a structural dependency risk.