Dependence on Certain Power-Related Customers
First written in FY2016. 6 of 16 entries say "Worsened", first in FY2017. Latest entry: FY2026.
Oi Electric moved to the "Worse" side of this theme in 2020, 4 years before the typical company in this theme (2024).
The whole theme swung hardest in 2025: 22 of 69 companies on the "Worse" side.
27 other companies' latest entry also says "Other".
- FY2026Composition of major customers changedAnnual report
「Tokyo Electric Power Grid Inc. 6,164,433 18.8／Mitsubishi Electric Corporation 5,095,550 15.6／KDDI CORPORATION 4,567,983 14.0」
The sales share for Tokyo Electric Power Grid declined from 26.7% to 18.8%, and that for KDDI declined from 16.9% to 14.0%, while the share for Mitsubishi Electric Corporation rose from 6.7% to 15.6%. - FY2025WorsenedAnnual report
「Tokyo Electric Power Grid Inc. 7,741,820 26.7／KDDI CORPORATION 4,905,946 16.9」
Dependence on major customers increased. The sales share for Tokyo Electric Power Grid rose from 19.4% to 26.7%, while that for KDDI rose from 15.0% to 16.9%. - FY2024Composition of major customers changedAnnual report
「Tokyo Electric Power Grid Inc. 5,457,384 19.4／KDDI CORPORATION 4,205,320 15.0／Mitsubishi Electric Corporation 2,974,747 10.6」
Dependence on major customers continues, with sales shares of 19.4% for Tokyo Electric Power Grid, 15.0% for KDDI and 10.6% for Mitsubishi Electric Corporation. - FY2022WorsenedAnnual report
「The Group’s business has a high degree of dependence on certain electricity-related and telecommunications-carrier-related customers. If it is unable to sufficiently identify and gather customer needs and provide attractive products and services, this may reduce future growth and profitability and affect its financial condition and business performance.／KDDI CORPORATION 5,347,337 21.6／Tokyo Electric Power Company Holdings, Inc. 3,217,142 13.0」
The Company continues to disclose dependence on electricity- and telecommunications-carrier-related customers. Sales to KDDI accounted for 21.6% of consolidated sales, while sales to Tokyo Electric Power Grid Inc. accounted for 13.0%. - FY2022-Q1RestatedAnnual report
「Regarding market trends surrounding the Company, although the electricity industry, its principal customer sector, is restraining capital investment because of higher power generation costs and other factors, opportunities to enter the Company’s business markets are expected to expand as a result of the spread of 5G, increased data traffic driven by stay-at-home demand and corporate DX investment, and the rapid adoption of IoT devices.」
The Company reconfirmed that capital investment restraint by the electricity industry, its principal customer sector, continues. It also noted opportunities to enter the market arising from 5G, DX investment, increased data traffic and IoT adoption. - FY2021WorsenedAnnual report
「The Group’s business has a high degree of dependence on certain electricity-related and telecommunications-carrier-related customers. If it is unable to sufficiently identify and gather customer needs and provide attractive products and services, this may reduce future growth and profitability and affect its financial condition and business performance. In particular, revisions to customers’ capital investment plans resulting from large-scale natural disasters, significant changes in social conditions and other factors could have a material adverse effect on the Group’s financial condition and business performance.」
In addition to its previous dependence on electricity-related customers, the Company explicitly identified dependence on telecommunications-carrier-related customers and expanded the factors that could lead to revisions of customers’ capital investment plans to include significant changes in social conditions. - FY2021-Q3RestatedAnnual report
「Although power utilities, our main customers, are curbing aggressive capital investment because of higher power-generation costs and sluggish electricity demand, opportunities to enter our business areas are expected to expand as the spread of fifth-generation mobile communications systems (5G), increased internet use and the rapid adoption of IoT devices drive growth in data traffic. However, the effects of extended customer plans and delays in construction projects due to the spread of COVID-19 have become apparent in the near term.」
The impact of continued restraint in capital investment by the electricity industry, its principal customer sector, and extensions of customer plans and delays in construction projects associated with COVID-19 also continues. - FY2021-Q2MaterialisedAnnual report
「Although power utilities, our main customers, are curbing aggressive capital investment because of higher power-generation costs and sluggish electricity demand, opportunities to enter our business areas are expected to expand as the spread of fifth-generation mobile communications systems (5G), increased internet use and the rapid adoption of IoT devices drive growth in data traffic. However, the effects of extended customer plans and delays in construction projects due to the spread of COVID-19 have become apparent in the near term.」
The Company stated that restraint in capital investment by the electricity industry, its principal customer sector, has continued, and that the effects have materialized in extensions of customer plans and delays in construction projects. - FY2021-Q1WorsenedAnnual report
「Regarding market trends surrounding the Company, in the electricity industry, its principal customer sector, capital investment is being restrained because of higher power generation costs, sluggish electricity demand and other factors.」
The Company stated that capital investment by major electricity-related customers is being restrained because of higher power generation costs and sluggish electricity demand. - FY2020WorsenedAnnual report
「In particular, depending on revisions to customers’ capital investment plans resulting from nuclear power plant shutdowns, large-scale natural disasters and other factors, the Group’s financial condition and business performance could be materially adversely affected.」
The Company added revisions to customers’ capital investment plans resulting from large-scale natural disasters as a factor affecting the risk of dependence on certain electricity-related customers. - FY2020-Q3RestatedAnnual report
「Regarding market trends surrounding the Company, the impact of higher power generation costs resulting from the shutdown of nuclear power plants and other factors in the electricity industry, its principal customer sector, has continued over an extended period.」
The Company stated that the impact of higher power generation costs in the electricity industry, its principal customer sector, has continued over an extended period. - FY2020-Q2RestatedAnnual report
「Regarding market trends surrounding the Company, the impact of higher power generation costs resulting from the shutdown of nuclear power plants and other factors in the electricity industry, its principal customer sector, has continued over an extended period.」
The Company stated that the impact of higher power generation costs in the electricity industry, its principal customer sector, has continued over an extended period. - FY2020-Q1RestatedAnnual report
「Regarding market trends surrounding the Company, the impact of higher power generation costs resulting from the shutdown of nuclear power plants and other factors in the electricity industry, its principal customer sector, has continued over an extended period.」
The Company stated that the impact of higher power generation costs in the electricity industry, its principal customer sector, continues. - FY2019RestatedAnnual report
「The Group’s business has a high degree of dependence on certain electricity-related customers. If it is unable to sufficiently identify and gather customer needs and provide attractive products and services, this may reduce future growth and profitability and affect its financial condition and business performance.」
The Company continues to disclose the risk of dependence on certain electricity-related customers and revisions to customers’ capital investment plans resulting from nuclear power plant shutdowns. - FY2017WorsenedAnnual report
「The Group’s business has a high degree of dependence on certain electricity-related customers. If it is unable to sufficiently identify and gather customer needs and provide attractive products and services, this may reduce future growth and profitability and affect its financial condition and business performance. In particular, revisions to customers’ capital investment plans resulting from the suspension of nuclear power plant operations could have a material adverse effect on the Group’s financial condition and business performance.」
In addition to dependence on electricity-related customers, the Company explicitly stated that revisions to capital investment plans resulting from nuclear power plant shutdowns could have a material adverse effect. - FY2016First statedAnnual report
「The Group’s business has a high degree of dependence on certain electricity-related customers. If it is unable to sufficiently identify and gather customer needs and provide attractive products and services, this may reduce future growth and profitability and affect its financial condition and business performance.」
The Company disclosed sales by major customer: Mitsubishi Electric Corporation 21.0%, Tokyo Electric Power Company 16.5%, and Kansai Electric Power Company 16.4%.