Dependence on OEM Products and Risk of Changes in Customer Policies
First written in FY2020. 2 of 3 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2017: 4 of 15 companies on the "Worse" side.
11 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The Group's sales are heavily dependent on OEM products. As a result, poor performance at customer companies, including automakers and manufacturers of construction and industrial machinery, as well as price discounts and changes in procurement policies, may have a material impact on the Group's operating results and financial condition.」
Dependence on OEM products and the risk of impact from customer-company performance, discounts and changes in procurement policies continue. - FY2024RestatedAnnual report
「The Group's sales are heavily dependent on OEM products. As a result, poor performance at customer companies, including automakers and manufacturers of construction and industrial machinery, as well as price discounts and changes in procurement policies, may have a material impact on the Group's operating results and financial condition.」
Dependence on OEM products and the risk of impact from customer-company performance, discounts and changes in procurement policies continue to be disclosed as a standalone item. - FY2020First statedAnnual report
「The Group's sales are heavily dependent on OEM products. As a result, poor performance at customer companies, including automakers and manufacturers of construction and industrial machinery, as well as price discounts and changes in procurement policies, may have a material impact on the Group's operating results and financial position.」
The high dependence on OEM products, poor performance at customer companies, discounts, changes in procurement policies and the continuation of unprofitable businesses were first disclosed as a standalone risk.