Komori
Frontier International (7050) · RiskMitigated

Risk of dependence on customer types and major advertising agencies

First written in FY2019. 6 of 9 entries say "Mitigated", first in FY2020. Latest entry: 2026-09-14.

9entries
8years
2from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseFirst statedFY2019MitigatedFY2020WorsenedFY2021MitigatedFY2022 – FY20232019: 120192020: 120202021: 120212022: 120222023: 120232024: 020242025: 120252026: 32026
Same theme, other companies
Dependence on Sales to Dentsu Group and Information Technology Investment Trends RiskA theme 5 companies write about · 5 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. 2026-09-14MitigatedFinancial results presentation

    「直クライアント比率は前年同期よりさらに伸長し、52.8%にまで到達」

    大手広告代理店以外の直接クライアント比率が前年同期から上昇したと記載している。
  2. FY2026MitigatedAnnual report

    「当連結会計年度における株式会社電通の販売実績及び当該販売実績の総販売実績に対する割合につきましては、100分の10未満であるため、記載を省略しております。」

    前年度に10.0%だった電通の販売実績が当年度は10%未満となり、開示対象となる特定販売先がなくなった。
  3. 2026-03-13MitigatedFinancial results presentation

    「We have nearly reached the target level of 50% for the Group's direct-client ratio.」

    The company reports a direct-client ratio of 48.6% and a major advertising agency ratio of 36.4%, indicating that the direct-order ratio is close to the target level.
  4. FY2025WorsenedAnnual report

    「株式会社電通 2,042,190 10.0」

    当年度は株式会社電通の販売実績が2,042百万円、連結売上高の10.0%となり、主要販売先への集中が新たに開示対象となった。
  5. FY2023MitigatedAnnual report

    「当連結会計年度における凸版印刷株式会社の販売実績及び当該販売実績の総販売実績に対する割合につきましては、100分の10未満であるため、記載を省略しております。」

    前年度に連結売上高の35.2%を占めた凸版印刷の割合が10%未満となり、特定販売先への依存度が低下した。
  6. FY2022MitigatedAnnual report

    「凸版印刷株式会社 8,842,179 35.2」

    特定販売先である凸版印刷への売上割合が、前連結会計年度の49.1%から35.2%へ低下したと記載しており、集中度が低下している。
  7. FY2021WorsenedAnnual report

    「凸版印刷株式会社 7,723,728千円 49.1」

    前連結会計年度に主要顧客がなかった一方、当連結会計年度は凸版印刷株式会社への売上高が77億2,372万円、連結売上高の49.1%を占めており、特定販売先への集中が高まっている。
  8. FY2020MitigatedAnnual report

    「当連結会計年度の株式会社ADKアーツの販売実績及び当該販売実績の総販売実績に対する割合につきましては、当該割合が100分の10未満のため、記載を省略しております。」

    前連結会計年度に売上高の10.9%を占めたADKアーツについて、当連結会計年度は10%未満となり、主要顧客の集中度が低下している。
  9. FY2019First statedAnnual report

    「The Group also has a certain level of business with major advertising agencies, and a reduction in orders from major advertising agencies could affect the Group.」

    The Company manages its order mix across three customer types: major advertising companies, foreign-affiliated and other advertising companies, and direct clients. It also disclosed that ADK Arts Co., Ltd. accounted for 10.9% of revenue in the fiscal year ended April 2019.
Moved together

"Securing revenue through recurring exhibition events and other engagements" moved the same way as this thread, in the same document, in 5 of its 9 moves.

555533★123456
  1. ★This thread
  2. 1Securing revenue through recurring exhibition events and other engagements5×
  3. 2Improving profit margins5×
  4. 3Business expansion and improved earnings power with a focus on revenue and gross profit5×
  5. 4Higher cost of sales and lower gross profit margin resulting from strategically won ongoing and large-scale projects5×
  6. 5Expansion and deepening of adjacent solutions, including digital, PR, and campaigns3×
  7. 6Recruitment and development of personnel responsible for integrated promotions3×

★ 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
No upcoming earnings preview for Frontier International yet. It last moved in the Financial results presentation of 2026-09-14: "Mitigated".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.