Komori
Shizuki Electric Company (6994) · RiskMitigated

Risk of dependence on transactions with Mitsubishi Electric Group and concentration of sales customers

First written in FY2016. 18 of 29 entries say "Restated". Latest entry: 2026-06-26.

29entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2019-Q3RestatedFY2022-Q2 – FY2024-Q22016: 320162017: 420172018: 320182019: 420192020: 320202021: 220212022: 220222023: 220232024: 220242025: 120252026: 32026
Same theme, other companies
Dependence on business dealings with a specific corporate groupA theme 4 companies write about · 4 as a headwind · 0 as a tailwind

0 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.
Full recordFilings, disclosures and news, newest first
  1. 2026-06-26MitigatedGovernance

    「その後、2026 年 6 月 2 日付でその他の関係会社に異動が生じ、「その他の関係会社」に該当しないこととなりました。」

    三菱電機はその他の関係会社ではなくなり、資本関係上の位置付けは変化した。一方、2026年3月期には売上高1,862百万円の取引があり、同社の経営戦略変更や製品供給能力への支障が業績・財政状態に影響する可能性も記載されているため、取引依存リスク全体の終息は示されていない。
  2. FY2026MitigatedAnnual report

    「Transactions with Mitsubishi Electric Corporation account for approximately 15% of our group’s transactions in a typical year (11.1% in the current consolidated fiscal year when combined with its subsidiary 三菱電機モビリティ株式会社). This is not significantly higher than the corresponding reliance on other major customer groups, primarily electrical equipment manufacturers,」

    Reliance on transactions with the Mitsubishi Electric Corporation group and others declined from 15.4% in the previous fiscal year to 11.1%. Mitsubishi Electric’s ownership stake is stated as 17.5%.
  3. 2026-06-04OtherOccurring Fact

    「2026 年 6 月 2 日付で、当社のその他の関係会社であった三菱電機株式会社が、以下のとおりその他の関係会社に該当しないこととなりましたので、お知らせいたします。」

    三菱電機の議決権所有割合が22.88%から19.99%へ低下し、その他の関係会社ではなくなった。一方、三菱電機グループとのコンデンサ・電力商品の販売取引は継続し、取引依存度の変化は記載されていない。
  4. FY2025MitigatedAnnual report

    「Transactions with Mitsubishi Electric Corporation account for approximately 15% of our group’s transactions in a typical year (15.4% in the current consolidated fiscal year when combined with its subsidiary 三菱電機モビリティ株式会社),」

    Reliance on transactions with the Mitsubishi Electric Corporation group and others declined from 15.6% in the previous fiscal year to 15.4%.
  5. FY2025-H1RestatedAnnual report

    「No new business or other risks arose during the current interim consolidated accounting period. In addition, no material changes have occurred in the business and other risks described in the securities report for the previous fiscal year.」

    No new risks or material changes are reported in existing business and other risks, including reliance on transactions with the Mitsubishi Electric Corporation group and customer concentration.
  6. FY2024MitigatedAnnual report

    「Transactions with Mitsubishi Electric Corporation account for approximately 20% of our group’s transactions in a typical year (15.6% in the current consolidated fiscal year). This is not significantly higher than the corresponding reliance on other major customer groups, primarily electrical equipment manufacturers,」

    Reliance on transactions with the Mitsubishi Electric Corporation group declined from 21.9% in the previous fiscal year to 15.6%.
  7. FY2024-Q2Mitsubishi Electric Corporation’s ownership stake: 27.64%Annual report

    「Mitsubishi Electric Corporation 2-7-3 Marunouchi, Chiyoda-ku, Tokyo 6,980 27.64」

    As of 30 September 2023, Mitsubishi Electric Corporation held 6,980 thousand shares, representing 27.64% of issued shares excluding treasury shares. This filing does not mention reliance on transactions.
  8. FY2023-Q3RestatedAnnual report

    「No new business or other risks arose during the nine-month period of the third quarter of the current consolidated fiscal year. In addition, no material changes have occurred in the business and other risks described in the securities report for the previous fiscal year.」

    No new risks or material changes are reported regarding the risks of reliance on transactions with the Mitsubishi Electric Corporation group and customer concentration.
  9. FY2023-Q1RestatedAnnual report

    「No new business or other risks arose during the cumulative first quarter of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    No new risks or material changes are reported in existing business and other risks, including reliance on transactions with the Mitsubishi Electric Corporation group and customer concentration.
  10. FY2022-Q3RestatedAnnual report

    「No new business or other risks arose during the nine-month period of the third quarter of the current consolidated fiscal year. In addition, no material changes have occurred in the business and other risks described in the securities report for the previous fiscal year.」

    No new risks or material changes are reported in existing risks, including reliance on transactions with the Mitsubishi Electric Corporation group and customer concentration.
  11. FY2022-Q2RestatedAnnual report

    「No new business or other risks arose during the cumulative first half of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    No new risks or material changes are reported regarding the risks of reliance on transactions with the Mitsubishi Electric Corporation group and customer concentration.
  12. FY2021WorsenedAnnual report

    「Transactions with Mitsubishi Electric Corporation and its affiliates account for approximately 20% of our group’s transactions in a typical year (21.9% in the current consolidated fiscal year),」

    Reliance on transactions with the Mitsubishi Electric Corporation group increased from 16.3% in the previous fiscal year to 21.9%, reaching a level above the previously stated typical level of approximately 15%.
  13. FY2021-Q1RestatedAnnual report

    「No new business or other risks arose during the cumulative first quarter of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    No material changes are reported regarding the risks of reliance on transactions with the Mitsubishi Electric Corporation group and customer concentration.
  14. FY2020WorsenedAnnual report

    「Transactions with Mitsubishi Electric Corporation and its affiliates account for approximately 15% of our group’s transactions in a typical year (16.3% in the current consolidated fiscal year),」

    Reliance on transactions with the Mitsubishi Electric Corporation group increased from 16.1% in the previous fiscal year to 16.3%, remaining above the stated typical level of approximately 15%.
  15. FY2020-Q3RestatedAnnual report

    「No new business or other risks arose during the cumulative first three quarters of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    No new risks or material changes are reported in existing risks, including reliance on transactions with the Mitsubishi Electric Corporation group and customer concentration.
  16. FY2020-Q2RestatedAnnual report

    「No new business or other risks arose during the cumulative first half of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    No material changes are reported regarding the risks of reliance on transactions with the Mitsubishi Electric Corporation group and customer concentration.
  17. FY2020-Q1RestatedAnnual report

    「No new business or other risks arose during the cumulative first quarter of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    No material changes are reported regarding the risks of reliance on transactions with the Mitsubishi Electric Corporation group and customer concentration.
  18. FY2019WorsenedAnnual report

    「Transactions with Mitsubishi Electric Corporation and its affiliates account for approximately 15% of our group’s transactions in a typical year (16.1% in the current consolidated fiscal year),」

    Reliance on transactions with the Mitsubishi Electric Corporation group increased from 12.4% in the previous fiscal year to 16.1%, exceeding the stated typical level of approximately 15%.
  19. FY2019-Q3RestatedAnnual report

    「No new business or other risks arose during the cumulative first three quarters of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    No material changes are reported in existing risks, including reliance on transactions with the Mitsubishi Electric Corporation group and customer concentration.
  20. FY2019-Q1RestatedAnnual report

    「No new business or other risks arose during the cumulative first quarter of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    No material changes are reported regarding the risks of reliance on transactions with the Mitsubishi Electric Corporation group and customer concentration.
  21. FY2018Reliance on transactions declined.Annual report

    「Transactions with Mitsubishi Electric Corporation and its affiliates account for approximately 15% of our group’s transactions in a typical year (12.4% in the current consolidated fiscal year). This is not significantly higher than the corresponding reliance on other major customer groups, primarily electrical equipment manufacturers,」

    Reliance on transactions with the Mitsubishi Electric Corporation group declined from 13.5% in the previous fiscal year to 12.4% in the current fiscal year.
  22. FY2018-Q3RestatedAnnual report

    「No new business or other risks arose during the cumulative first three quarters of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    No material changes are reported regarding the risks of reliance on transactions with the Mitsubishi Electric Corporation group and customer concentration.
  23. FY2018-Q2RestatedAnnual report

    「No new business or other risks arose during the cumulative first half of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    No material changes are reported regarding the risks of reliance on transactions with the Mitsubishi Electric Corporation group and customer concentration.
  24. FY2018-Q1RestatedAnnual report

    「No new business or other risks arose during the cumulative first quarter of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    No material changes are reported regarding the risks of reliance on transactions with the Mitsubishi Electric Corporation group and customer concentration.
  25. FY2017RestatedAnnual report

    「Transactions with Mitsubishi Electric Corporation and its affiliates account for approximately 15% of our group’s transactions in a typical year (13.5% in the current consolidated fiscal year). This is not significantly higher than the corresponding reliance on other major customer groups, primarily electrical equipment manufacturers. Transaction terms are determined individually through price negotiations based on market prices, in line with customary commercial terms.」

    The company has reconfirmed that reliance on transactions with the Mitsubishi Electric Corporation group is 13.5%, while its customer base is diversified and transaction terms are based on market prices.
  26. FY2017-Q3RestatedAnnual report

    「No new business or other risks arose during the cumulative first three quarters of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    No material changes are reported regarding reliance on transactions with the Mitsubishi Electric Corporation group and customer concentration.
  27. FY2017-Q2RestatedAnnual report

    「No new business or other risks arose during the cumulative first half of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    No material changes are reported regarding reliance on transactions with the Mitsubishi Electric Corporation group and customer concentration.
  28. FY2017-Q1RestatedAnnual report

    「No new business or other risks arose during the cumulative first quarter of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    No material changes are reported regarding reliance on transactions with the Mitsubishi Electric Corporation group and customer concentration.
  29. FY2016First statedAnnual report

    「Mitsubishi Electric Corporation holds 21.1% of the Company's shares outstanding.」

    It shows Mitsubishi Electric's 21.1% shareholding and a 13.1% transaction dependence ratio for the current consolidated fiscal year, and also mentions efforts to avoid concentrating sales with a single corporate group.
Moved together

"Price Competition Driven by Sustained High Raw Material Prices and Entry by Manufacturers from China and Southeast Asia" moved the same way as this thread, in the same document, in 4 of its 29 moves.

444333★123456
  1. ★This thread
  2. 1Price Competition Driven by Sustained High Raw Material Prices and Entry by Manufacturers from China and Southeast Asia4×
  3. 2Impact of Yen Appreciation and Exchange-Rate Fluctuations on Financial Performance and Financial Position4×
  4. 3Business Process Reform and Productivity Improvement through Rebuilding Core Information Systems4×
  5. 4Expanding the product range for power quality improvement and safety measures, and growing the scale of the business3×
  6. 5Securing Orders and Sales and Cost-Reduction Initiatives3×
  7. 6Talent Development and Creating a Culture That Embraces Challenges3×

★ 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
Shizuki Electric Company's next results are scheduled for 2026-11-05. Read the earnings preview It last moved in the Governance of 2026-06-26: "Mitigated".
News
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