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Kasai Kogyo (7256) · RiskWorsened

Dependence on sales to the Nissan and Honda groups

First written in FY2016. 17 of 24 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2026.

24entries
11years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseMaterialisedFY2017-Q1 – FY2021-Q3WorsenedFY2022-Q1 – FY20232016: 320162017: 420172018: 320182019: 320192020: 320202021: 320212022: 120222023: 120232024: 020242025: 220252026: 12026
Same theme, other companies
Dependence on Specific Customers for RevenueA theme 92 companies write about · 92 as a headwind · 0 as a tailwind

Kasai Kogyo moved to the "Worse" side of this theme in 2016, 8 years before the typical company in this theme (2024).

The whole theme swung hardest in 2025: 22 of 69 companies on the "Worse" side.

16 other companies' latest entry also says "Worsened".

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 92 companies compared. The sentences above are computed from all 92.
Full recordFilings, disclosures and news, newest first
  1. FY2026WorsenedAnnual report

    「The group's principal customer OEMs are currently the NISSAN MOTOR CO.,LTD. group and the HONDA MOTOR CO.,LTD. group, which together accounted for 74.2% of consolidated net sales for the fiscal year.」

    Sales dependence on the NISSAN MOTOR CO.,LTD. and HONDA MOTOR CO.,LTD. groups rose from 71.7% in the previous fiscal year to 74.2%.
  2. FY2026-H1MaterialisedAnnual report

    「During the interim consolidated accounting period, orders for automotive interior components declined in the Japan, North America, Europe, and Asia segments. This was due to lower production volumes by major customer OEMs in Japan and North America, the withdrawal from the German base in Europe, and production cuts by customer OEMs in China in response to the contraction of the gasoline-vehicle market.」

    Lower production volumes and production cuts by major customer OEMs are reflected in actual results as a decline in orders in Japan, North America, Europe, and Asia.
  3. FY2025MitigatedAnnual report

    「The group's principal customers are currently the NISSAN MOTOR CO.,LTD. group and the HONDA MOTOR CO.,LTD. group, which together accounted for 71.7% of consolidated net sales for the fiscal year.」

    Sales dependence on the NISSAN MOTOR CO.,LTD. and HONDA MOTOR CO.,LTD. groups declined from 73.6% in the previous fiscal year to 71.7%. However, they still account for more than 70% of consolidated net sales.
  4. FY2023WorsenedAnnual report

    「The group's principal customers are currently the NISSAN MOTOR CO.,LTD. group and the HONDA MOTOR CO.,LTD. group, which together accounted for 73.6% of consolidated net sales for the fiscal year.」

    Sales dependence on the NISSAN MOTOR CO.,LTD. and HONDA MOTOR CO.,LTD. groups rose from 72.4% in the previous fiscal year to 73.6%.
  5. FY2022WorsenedAnnual report

    「The group's principal customers are currently the NISSAN MOTOR CO.,LTD. group and the HONDA MOTOR CO.,LTD. group, which together accounted for 72.4% of consolidated net sales for the fiscal year.」

    Sales dependence on the NISSAN MOTOR CO.,LTD. and HONDA MOTOR CO.,LTD. groups rose from 67.6% in the previous fiscal year to 72.4%.
  6. FY2022-Q1MaterialisedAnnual report

    「Due to production cuts by major customers caused by the global semiconductor shortage and production adjustments in preparation for the launch of multiple vehicle models, net sales were ¥14.884 billion, down ¥1.471 billion, or 9.0%, from the same quarter of the previous year, and the segment loss was ¥1.579 billion, compared with a segment loss of ¥997 million in the same quarter of the previous year.」

    Production cuts and production adjustments by major customers are reflected in actual results as a 9.0% decline in North American segment net sales and a ¥1.579 billion loss.
  7. FY2021MitigatedAnnual report

    「The group's principal customers are currently the NISSAN MOTOR CO.,LTD. group and the HONDA MOTOR CO.,LTD. group, which together accounted for 67.6% of consolidated net sales for the fiscal year.」

    Sales dependence on the two major groups declined from 87.4% to 67.6%. The company also stated a policy of maintaining its relationships with both companies while diversifying its customer base.
  8. FY2021-Q3MaterialisedAnnual report

    「As a result, consolidated net sales for the nine months ended December 31 were ¥106.161 billion, down ¥46.548 billion, or 30.5%, from the same period of the previous year, due to the significant production cuts resulting from shutdowns and production adjustments at major customers associated with the spread of COVID-19.」

    Significant production cuts resulting from shutdowns and production adjustments at major customers are reflected in actual results as a 30.5% year-on-year decline in consolidated net sales.
  9. FY2021-Q2MaterialisedAnnual report

    「As a result, consolidated net sales for the six months ended September 30 were ¥60.284 billion, down ¥41.824 billion, or 41.0%, from the same quarter of the previous year, due to the significant production cuts resulting from shutdowns and production adjustments at major customers associated with the spread of COVID-19.」

    Production cuts resulting from shutdowns and production adjustments at major customers are reflected in actual results as a 41.0% year-on-year decline in consolidated net sales.
  10. FY2021-Q1MaterialisedAnnual report

    「As a result, consolidated net sales for the three months ended June 30 were ¥34.556 billion, down ¥16.660 billion, or 32.5%, from the same quarter of the previous year, due to production cuts resulting from customer shutdowns and production adjustments associated with the spread of COVID-19.」

    Production cuts for ordered vehicle models resulting from customer shutdowns and production adjustments are reflected in actual results as a 32.5% year-on-year decline in consolidated net sales.
  11. FY2020-Q3MaterialisedAnnual report

    「As a result, consolidated net sales for the nine months ended December 31 were ¥152.709 billion, down ¥15.993 billion, or 9.5%, from the same period of the previous year, due to sluggish growth in North America and China and the impact of offsetting sales and costs for transactions involving customer-supplied goods that qualified as repurchase agreements, following the application of ASC 606, "Revenue from Contracts with Customers," from the first quarter at a subsidiary that uses U.S. GAAP.」

    Sluggish growth in North America and China, together with the presentation impact of applying ASC 606, is reflected in actual results as a 9.5% year-on-year decline in consolidated net sales.
  12. FY2020-Q2MaterialisedAnnual report

    「Consolidated net sales for the six months ended September 30 were ¥102.109 billion, down ¥10.086 billion, or 9.0%, from the same quarter of the previous year, as increased sales in the Japan segment were more than offset by lower sales in the North America, Europe, and Asia segments.」

    Lower sales resulting from production cuts and other factors affecting ordered vehicle models occurred in North America, Europe, and Asia, causing consolidated net sales to decline 9.0% year on year. Dependence on major customers and order trends is reflected in performance.
  13. FY2020-Q1MaterialisedAnnual report

    「As a result, consolidated net sales for the three months ended June 30 were ¥51.217 billion, down ¥3.234 billion, or 5.9%, from the same quarter of the previous year due to the impact of production cuts for vehicle models ordered by the company in the Europe and Asia segments.」

    Production cuts for ordered vehicle models in Europe and Asia are reflected in actual results as a 5.9% decline in consolidated net sales, and the risk of dependence on major customers and order trends continues to materialize.
  14. FY2019-Q3MaterialisedAnnual report

    「As a result, consolidated net sales for the nine months ended December 31 increased ¥2.304 billion, or 1.4%, from the same period of the previous year to ¥168.703 billion, as sales contributions from newly launched vehicle models in the Japan and Asia segments offset sluggish growth in North America.」

    The disclosure describes newly launched vehicle models in Japan and Asia offsetting sluggish growth in North America, with trends among major customers and for ordered vehicle models affecting consolidated performance.
  15. FY2019-Q2MaterialisedAnnual report

    「As a result, consolidated net sales for the six months ended September 30 were ¥112.195 billion, down ¥198 million, or 0.2%, from the same quarter of the previous year, due to lower sales in the Japan and North America segments.」

    Production cuts and sales trends for ordered vehicle models and major customers in Japan and North America continue to appear in actual results as factors behind the decline in consolidated net sales.
  16. FY2019-Q1MaterialisedAnnual report

    「As a result, consolidated net sales for the three months ended June 30 were ¥54.452 billion, down ¥684 million, or 1.2%, from the same quarter of the previous year, as increased production of vehicle models ordered by the company in the Europe and Asia segments was insufficient to offset the impact of production cuts in the Japan and North America segments.」

    Production cuts for ordered vehicle models in Japan and North America are reflected in actual results as a factor behind the decline in consolidated net sales.
  17. FY2018-Q3MaterialisedAnnual report

    「As a result, consolidated net sales for the nine months ended December 31 rose sharply in the Asia segment on strong sales of newly launched vehicle models, but the impact of production cuts for vehicle models ordered by the company in the Japan and North America segments limited the increase to ¥166.399 billion, up ¥1.582 billion, or 1.0%, from the same period of the previous year.」

    Production cuts for ordered vehicle models in Japan and North America are reflected in actual results as a constraint on growth in consolidated net sales, and the risk of dependence on major customers and order trends continues to materialize.
  18. FY2018-Q2MaterialisedAnnual report

    「(North America) Affected by production cuts for vehicle models ordered by the company, net sales were ¥51.759 billion, a decrease of ¥1.970 billion, or 3.7%, from the same quarter of the previous year, and segment profit was ¥2.688 billion, a decrease of ¥958 million, or 26.3%.」

    Production cuts for ordered vehicle models have appeared in performance as a 3.7% decline in North American net sales and a 26.3% decline in segment profit, with the risk of dependence on major customers and order trends continuing to materialize.
  19. FY2018-Q1MaterialisedAnnual report

    「(North America) Affected by production cuts for vehicle models ordered by the company and foreign-exchange movements, net sales were ¥25.732 billion, a decrease of ¥2.456 billion, or 8.7%, from the same quarter of the previous year, and segment profit was ¥1.468 billion, a decrease of ¥539 million, or 26.9%.」

    The risk that production trends for major customers and ordered vehicle models could affect performance is reflected in an actual decline in North American net sales and segment profit caused by production cuts for ordered vehicle models.
  20. FY2017WorsenedAnnual report

    「The group's principal customers are currently the NISSAN MOTOR CO.,LTD. group and the HONDA MOTOR CO.,LTD. group, which together accounted for 87.4% of consolidated net sales for the fiscal year.」

    Sales dependence on the two major groups rose to 87.4%, from 86.4% in the previous full-year disclosure.
  21. FY2017-Q3MaterialisedAnnual report

    「(Asia) Affected by production cuts by major customers and the foreign-exchange impact of the stronger yen, net sales were ¥27.131 billion, a decrease of ¥2.129 billion, or 7.3%, from the same quarter of the previous year, and segment profit was ¥4.631 billion, a decrease of ¥902 million, or 16.3%.」

    Production cuts by major customers continue to appear in actual results as a 7.3% decline in Asian net sales and a 16.3% decline in segment profit.
  22. FY2017-Q2MaterialisedAnnual report

    「(North America) Affected by production cuts by major customers and the foreign-exchange impact of the stronger yen, net sales were ¥53.729 billion, a decrease of ¥8.468 billion, or 13.6%, from the same quarter of the previous year, and segment profit was ¥3.647 billion, a decrease of ¥28 million, or 0.8%.」

    The impact of production cuts by major customers on North American net sales and segment profit continues to appear in actual results.
  23. FY2017-Q1MaterialisedAnnual report

    「(North America) Affected by production cuts by major customers, net sales were ¥28.188 billion, a decrease of ¥2.683 billion, or 8.7%, from the same quarter of the previous year,」

    The risk that sales trends at major customers could affect performance is reflected in an actual decline in North American sales caused by production cuts by major customers.
  24. FY2016First statedAnnual report

    「The group's principal customers are currently the NISSAN MOTOR CO.,LTD. group and the HONDA MOTOR CO.,LTD. group, which together accounted for 86.4% of consolidated net sales for the fiscal year.」

    The company quantified its dependence on the two groups at 86.4% and stated that sales trends could affect its operating results.
Moved together

"Foreign Exchange Risk Associated with Growth in Overseas Sales" moved the same way as this thread, in the same document, in 18 of its 24 moves.

1814131155★123456
  1. ★This thread
  2. 1Foreign Exchange Risk Associated with Growth in Overseas Sales18×
  3. 2Economic, Political and Institutional Risks in Countries of Overseas Operations14×
  4. 3Cost Burden Associated with Preparations for the Launch of New Vehicles13×
  5. 4Dependence on Interest-Bearing Debt and Rising Interest Rates11×
  6. 5Shortages and Rising Prices of Raw Materials and Other Supplies5×
  7. 6Declining Passenger-Car Demand Driven by North America's Shift to SUVs5×

★ 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.

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Dependence on sales to the Nissan and Honda groups | KASAI KOGYO CO.,LTD. (7256) | Komori