Komori
Nf Holdings (6864) · RiskMitigated

Risk of Dependence on Energy Storage Systems Sales to Itochu Corporation

First written in FY2020. 5 of 6 entries say "Mitigated", first in FY2021. Latest entry: FY2026.

6entries
7years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2020MitigatedFY2021 – FY20262020: 120202021: 120212022: 120222023: 120232024: 020242025: 120252026: 12026
Same theme, other companies
Dependence on Specific Customers for RevenueA theme 106 companies write about · 106 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2025: 23 of 76 companies on the "Worse" side.

27 other companies' latest entry also says "Mitigated".

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 106 companies compared. The sentences above are computed from all 106.
Full recordFilings, disclosures and news, newest first
  1. FY2026MitigatedAnnual report

    「ITOCHU Corporation 1,205,239 13.2」

    Sales to ITOCHU Corporation were ¥1,205 million, accounting for 13.2% of consolidated net sales, down from 16.5% in the previous fiscal year. The ratio of dependence on sales to a major customer has declined further.
  2. FY2025MitigatedAnnual report

    「ITOCHU Corporation 1,500,125 16.5」

    Sales to ITOCHU Corporation were ¥1,500 million, accounting for 16.5% of consolidated net sales, down from 25.6% in the previous fiscal year. Although the risk of dependence on sales remains, the ratio has declined further.
  3. FY2023MitigatedAnnual report

    「ITOCHU Corporation 3,045,364 31.6」

    Sales to ITOCHU Corporation were ¥3,045 million, accounting for 31.6% of consolidated net sales, down from 37.5% in the previous fiscal year. However, the risk of dependence on sales to a major customer remains.
  4. FY2022MitigatedAnnual report

    「ITOCHU Corporation 3,806,214 37.5」

    Sales to ITOCHU Corporation were ¥3,806 million, accounting for 37.5% of consolidated net sales, down from 39.6% in the previous fiscal year. However, the risk of dependence on sales to a major customer remains.
  5. FY2021MitigatedAnnual report

    「The Group sells energy storage systems to ITOCHU Corporation, and sales to the company account for a certain proportion of consolidated net sales. The Group's performance may therefore fluctuate depending on future sales conditions and trends in the product market.」

    Sales of energy storage systems to ITOCHU Corporation were ¥4,222 million, accounting for 39.6% of consolidated net sales, down from 46.2% in the previous fiscal year. The risk was nevertheless identified as sales to the company still accounting for a certain proportion of total sales.
  6. FY2020First statedAnnual report

    「The Group sells energy storage systems to ITOCHU Corporation, and sales to the company account for a certain proportion of consolidated net sales. The Group's performance may therefore fluctuate depending on future sales conditions and trends in the product market.」

    Sales of energy storage systems to ITOCHU Corporation were ¥6,118 million, accounting for 46.2% of consolidated net sales. Fluctuations in performance due to future sales conditions and market trends were identified as a new risk.
Moved together

"Building a Resilient Corporate Structure Capable of Responding to Changes in the Business Environment" moved the same way as this thread, in the same document, in 5 of its 6 moves.

554443★123456
  1. ★This thread
  2. 1Building a Resilient Corporate Structure Capable of Responding to Changes in the Business Environment5×
  3. 2Upgrade and Expansion of Head Plant and Subsidiary Production Facilities5×
  4. 3Strengthening Collaboration with Domestic Agencies and Solution Sales4×
  5. 4Strengthening the earnings base through productivity improvements, cost reductions and shorter lead times4×
  6. 5Focus on the Environment and Energy, Advanced Measurement, and Aerospace Markets4×
  7. 6Stable maintenance of an ordinary profit margin on sales of 8% or higher3×

★ 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
Nf Holdings's next results are scheduled for 2026-10-30. Read the earnings preview
News
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