Dependence on Specific Customers and the Overseas Shift in Automobile Production
First written in FY2016. 15 of 32 entries say "Worsened", first in FY2017. Latest entry: 2026-11-10.
The Lead Co. moved to the "Worse" side of this theme in 2017, 3 years before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 12 of 24 companies on the "Worse" side.
8 other companies' latest entry also says "Restated".
- FY2026WorsenedAnnual report
「For the fiscal year ending March 2026, 81.7% of our sales depended on SUBARU CORPORATION and affiliated parts manufacturers.」
Dependence on SUBARU and affiliated parts manufacturers rose from 80.3% in the previous fiscal year to 81.7%. The company continues to identify dependence on its major customer and the risk of lower orders due to the customer's shift to overseas production and reduced automobile production. - 2026-05-15WorsenedResults
「当社の売上高に大きな影響を与える株式会社ＳＵＢＡＲＵの世界生産台数は、前年度に比較し7.0％減少、国内販売台数も同4.1％減少、輸出台数も同13.2％減少となりました。」
主要販売先であるSUBARUの世界生産台数、国内販売台数、輸出台数の減少を実績として記載した。 - FY2026-H1WorsenedAnnual report
「SUBARU's global production volume, which has a significant impact on our sales, increased 7.7% year on year in April, 2.3% in May and 0.5% in June, then declined 4.9% in July, 12.5% in August and 20.5% in September.」
SUBARU's global production volume increased year on year from April through June but declined from July through September, falling 20.5% in September. The impact of production cuts associated with dependence on the major customer is intensifying again. - FY2025MitigatedAnnual report
「For the fiscal year ended March 2025, 80.3% of our sales depended on SUBARU CORPORATION and affiliated parts manufacturers.」
Dependence on SUBARU and affiliated parts manufacturers declined from 89.7% in the previous fiscal year to 80.3%. However, the company still depended on them for the majority of its sales, and the risks of lower orders due to production cuts and a shift to overseas production remain. - FY2025-H1WorsenedAnnual report
「SUBARU's global production volume, which has a significant impact on our sales, declined 6.4% year on year in April, 1.0% in May, increased 2.0% in June, declined 5.4% in July, 4.0% in August and 6.9% in September.」
SUBARU's global production volume declined year on year in 5 of the 6 months, and the impact of production cuts associated with dependence on the major customer resurfaced. Automotive parts sales also declined 19.7% year on year. - FY2024MitigatedAnnual report
「For the fiscal year ended March 2024, 89.7% of our sales depended on SUBARU CORPORATION and affiliated parts manufacturers.」
Sales dependence on SUBARU and affiliated parts manufacturers declined from 90.9% in the previous fiscal year to 89.7%. However, the company still depended on them for the majority of its sales, and the risks of lower orders due to a shift to overseas production and reduced automobile production remain. - FY2024-Q3Continued SUBARU production growth coincided with lower sales concentrationAnnual report
「SUBARU's global production volume, which has a significant impact on our sales, continued to increase, rising 4.0% year on year in October, 12.2% in November and 5.4% in December.」
Global production by SUBARU, a major customer, increased year on year from October through December, easing the short-term impact of production cuts by the dependent customer. Meanwhile, automotive parts declined from approximately 95.1% of cumulative second-quarter sales to approximately 93.2%, although dependence remains high. - FY2024-Q2Continued SUBARU production growth coincided with rising sales concentrationAnnual report
「SUBARU's global production volume, which has a significant impact on our sales, continued to increase, rising 8.0% year on year in July, 6.3% in August and 26.7% in September.」
SUBARU's global production volume continued to increase year on year, easing the short-term impact of production cuts by the dependent customer. Meanwhile, automotive parts accounted for approximately 95.1% of the sales mix, increasing dependence arising from sales concentration. - FY2024-Q1The easing impact of increased SUBARU production coincided with rising sales concentrationAnnual report
「SUBARU's global production volume, which has a significant impact on our sales, continued to increase, rising 12.8% year on year in April, 25.0% in May and 17.8% in June.」
Global production by SUBARU, a major customer, increased year on year, easing the impact of production cuts by the dependent customer. Meanwhile, automotive parts sales rose to approximately 94.1% of total sales, increasing dependence arising from sales concentration. - FY2023WorsenedAnnual report
「For the fiscal year ended March 2023, 90.9% of our sales depended on SUBARU CORPORATION and affiliated parts manufacturers. If the production and sales of passenger vehicles decline due to an economic downturn or semiconductor shortages, orders may decline. If the company's production shifts substantially overseas, orders from the company and affiliated parts manufacturers are expected to decline because we have no overseas production facilities.」
Sales dependence on SUBARU and affiliated parts manufacturers rose from 89.9% in the previous fiscal year to 90.9%. The company continues to identify the risks of lower orders due to semiconductor shortages, reduced passenger-vehicle production and a shift to overseas production. - FY2023-Q3MitigatedAnnual report
「SUBARU's global production volume, which has a significant impact on our sales, continued to increase, rising 43.1% year on year in October, 4.8% in November and 12.0% in December.」
Global production by SUBARU, a major customer, increased year on year from October through December, and the impact of the risk associated with dependence on the specific customer following the previous fiscal year's production cuts eased. - FY2023-Q2MitigatedAnnual report
「SUBARU's global production volume, which has a significant impact on our sales, continued to increase, rising 13.1% year on year in July, 18.1% in August and 138.7% in September.」
Global production by SUBARU, a major customer, increased year on year from July through September, and the impact of lower orders and sales due to production cuts by the specific customer eased from the previous fiscal year. - FY2023-Q1MitigatedAnnual report
「SUBARU's global production volume, which has a significant impact on our sales, increased 63.3% year on year in April, but declined 2.9% in May and 5.3% in June.」
SUBARU's global production volume increased 63.3% year on year in April and declined in May and June, but the impact eased from the substantial production cuts seen in the previous fiscal year. - FY2022MitigatedAnnual report
「For the fiscal year ended March 2022, 89.9% of our sales depended on SUBARU CORPORATION and affiliated parts manufacturers.」
Dependence on SUBARU and affiliated parts manufacturers declined from 93.0% in the previous fiscal year to 89.9%. However, the company still depended on them for the majority of its sales and explicitly identified the risks of lower orders due to semiconductor shortages and a shift to overseas production. - FY2022-Q3WorsenedAnnual report
「SUBARU's global production volume, which has a significant impact on our sales, continued to decline, falling 33.2% year on year in October, 4.3% in November and 21.6% in December.」
Global production by SUBARU, a major customer, declined year on year from October through December, and the impact of dependence on a specific customer on orders and sales continued. - FY2022-Q2WorsenedAnnual report
「SUBARU's global production volume, which has a significant impact on our sales, continued to decline, falling 18.5% year on year in July, 28.0% in August and 68.1% in September.」
Global production by SUBARU, a major customer, declined year on year from July through September, with a 68.1% decline in September. The impact of dependence on a specific customer on orders and sales is increasing. - FY2022-Q1MaterialisedAnnual report
「However, as initially projected, the impact of lower orders, mainly due to the shortage of semiconductor supplies, resulted in a segment loss (ordinary loss) of ¥36 million, compared with a segment loss (ordinary loss) of ¥146 million in the same period of the previous year.」
The impact of semiconductor shortages has materialized in the automotive parts business, which depends on specific customers including SUBARU, with lower orders actually occurring and a segment loss of ¥36 million being recorded. - FY2021WorsenedAnnual report
「For the fiscal year ended March 2021, 93.0% of our sales depended on SUBARU CORPORATION and affiliated parts manufacturers. If the production and sales of passenger vehicles decline due to an economic downturn or semiconductor shortages, orders may decline.」
Dependence on SUBARU and affiliated parts manufacturers rose to 93.0%, and reduced automobile production due to semiconductor shortages was identified as a new factor that could reduce orders. In fact, orders declined in the fourth quarter due to semiconductor shortages. - FY2021-Q3MitigatedAnnual report
「SUBARU's global production volume, which has a significant impact on our sales, continued to fall substantially in the first quarter, showed signs of recovery in the second quarter, and in the third quarter increased 14.0% year on year in October, declined 17.1% in November and increased 4.0% in December.」
SUBARU's global production volume fluctuated from month to month in the third quarter, but increased year on year in October and December. Automotive parts sales for the third-quarter accounting period recovered to 95.2% of the prior-year level, and the impact of production cuts by the dependent customer eased from the previous quarter. However, cumulative sales remained down 26.0% year on year, so the impact remains. - FY2021-Q2MitigatedAnnual report
「SUBARU's global production volume continued to fall substantially in the first quarter, but began to recover in the second quarter, increasing 0.0% year on year in July, 22.2% in August and 13.0% in September.」
Global production by SUBARU, a major customer, recovered year on year in the second quarter. However, automotive parts sales for the cumulative second quarter declined 37.5% year on year, and the impact of dependence on a specific customer remains. - FY2021-Q1MaterialisedAnnual report
「SUBARU's global production volume, which has a significant impact on our sales, fell 83.4% year on year in April, 82.2% in May and 25.3% in June, indicating that substantial production cuts continued.」
Global production by SUBARU, a major customer, fell substantially, and orders and sales of automotive parts also declined. The risk arising from dependence on a specific customer has materialized in the results. - FY2020-Q3Quarterly composition ratio updatedAnnual report
「Revenue in this segment was ¥4,407 million, up 9.4% year on year.」
The automotive parts sales mix remained high at approximately 93.2%. Although it declined slightly from approximately 93.3% in the previous quarter, dependence on automotive parts, including those supplied to specific customers and affiliated parts manufacturers, remains high. - FY2020-Q2Quarterly composition ratio updatedAnnual report
「The segment reported sales of ¥2,851 million, up 16.8% year on year.」
The automotive parts sales mix remained high at approximately 93.3%. Although it declined slightly from approximately 93.9% in the previous quarter, dependence on automotive parts, including those supplied to specific customers and affiliated parts manufacturers, remains high. - FY2020-Q1WorsenedAnnual report
「The segment reported sales of ¥1,390 million, up 25.8% year on year.」
Automotive parts sales accounted for approximately 93.9% of total sales, up from 90.6% in the previous fiscal year. Although no customer name was disclosed to directly indicate dependence on a specific customer, concentration in automotive parts sales increased. - FY2019WorsenedAnnual report
「For the fiscal year ended March 2019, 90.6% of our sales depended on SUBARU CORPORATION and affiliated parts manufacturers.」
Dependence on SUBARU and affiliated parts manufacturers rose from 90.0% in the previous fiscal year to 90.6%. The risks associated with a shift to overseas production and changes in the order structure between mass-production and replacement parts also remain. - FY2019-Q3WorsenedAnnual report
「Revenue in this segment was ¥4,027 million, up 17.6% year on year.」
Automotive parts sales accounted for approximately 90.7% of total sales, representing a slight increase in concentration from 90.0% in the previous fiscal year. Although no specific customer or overseas shift was identified, dependence on automotive parts sales remains high. - FY2018WorsenedAnnual report
「For the fiscal year ended March 2018, 90.0% of our sales depended on SUBARU CORPORATION and affiliated parts manufacturers.」
Sales dependence on SUBARU and affiliated parts manufacturers rose from 88.7% in the previous fiscal year to 90.0%. The risks of lower orders following a shift to overseas production and of changes in the order structure also remain. - FY2018-Q3WorsenedAnnual report
「Revenue in this segment was ¥3,423 million, up 3.1% year on year.」
Automotive parts sales accounted for approximately 90.9% of total sales, up from 88.7% in the previous fiscal year. Sales dependence on specific customers and affiliated parts manufacturers remains high. - FY2017WorsenedAnnual report
「For the fiscal year ended March 2017, 88.7% of our sales depended on Fuji Heavy Industries Ltd. (renamed SUBARU CORPORATION on 1 April 2017) and affiliated parts manufacturers. If the production and sales of passenger vehicles decline due to an economic downturn, or if the company's production shifts substantially overseas, orders from the company and affiliated parts manufacturers are expected to decline because we have no overseas production facilities.」
Dependence on specific customers and affiliated parts manufacturers rose to 88.7% of sales. Failure to respond to changes in the order structure, including cost differences between mass-production parts and replacement parts, was also added as a contributing factor. - FY2016First statedAnnual report
「For the fiscal year ended March 2016, 85.5% of our sales depended on Fuji Heavy Industries Ltd. and affiliated parts manufacturers. If the production and sales of passenger vehicles decline due to an economic downturn, or if the company's production shifts substantially overseas, orders from the company and affiliated parts manufacturers are expected to decline because we have no overseas production facilities.」
The company depended on Fuji Heavy Industries and affiliated parts manufacturers for 85.5% of sales, and disclosed the possibility of lower orders if production shifted overseas.