Dependence on Government Orders and Diversification of Customers
First written in FY2022-Q1. 13 of 14 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2024: 7 of 31 companies on the "Worse" side.
26 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the current interim consolidated accounting period, there were no material changes in the occurrence of matters relating to the business or accounting situation described in this semiannual report that could have a significant impact on investors’ decisions, or in the matters described under “Business and Other Risks” in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risks related to dependence on government contracts and customer diversification. The filing does not quantify the risks or indicate that they have actually materialized. The English wording above is not based on the original English text but conveys the content of the Japanese disclosure. - FY2025RestatedAnnual report
「Our Group depends on government agencies, including the national and local governments, for most of its orders. Outside the public sector, its principal orders are from energy-related companies, including electric power-related companies.」
The company continues to identify dependence on orders from government agencies and energy-related companies as a key risk. In the fiscal year ended June 2025, sales to the Ministry of Land, Infrastructure, Transport and Tourism were ¥12,006 million, accounting for 32.5% of net sales. - FY2025-H1RestatedAnnual report
「During the current interim consolidated accounting period, there were no material changes in the occurrence of matters relating to the business or accounting situation described in this semiannual report that could have a significant impact on investors’ decisions, or in the matters described under “Business and Other Risks” in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risks related to dependence on government contracts and customer diversification. - FY2024-Q3RestatedAnnual report
「During the current third-quarter consolidated cumulative period, there were no material changes in the occurrence of matters relating to the business or accounting situation described in this quarterly report that could have a significant impact on investors’ decisions, or in the matters described under “Business and Other Risks” in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risks related to dependence on government contracts and customer diversification. - FY2024-Q2RestatedAnnual report
「During the current second-quarter consolidated cumulative period, there were no material changes in the occurrence of matters relating to the business or accounting situation described in this quarterly report that could have a significant impact on investors’ decisions, or in the matters described under “Business and Other Risks” in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risks related to dependence on government contracts and customer diversification. - FY2024-Q1RestatedAnnual report
「During the current first-quarter consolidated cumulative period, there were no material changes in the occurrence of matters relating to the business or accounting situation described in this quarterly report that could have a significant impact on investors’ decisions, or in the matters described under “Business and Other Risks” in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risks related to dependence on government contracts and customer diversification. - FY2023RestatedAnnual report
「Our Group depends on government agencies, including the national and local governments, for most of its orders. Outside the public sector, its principal orders are from energy-related companies, including electric power-related companies.」
The company continues to identify dependence on orders from government agencies and energy-related companies as a key risk, and cites customer diversification through private-sector and overseas businesses and other energy-related services as a countermeasure. - FY2023-Q3RestatedAnnual report
「There were no material changes in the business and financial issues requiring attention during the cumulative third quarter of the current fiscal year.」
The company states that there have been no material changes in the risks related to dependence on government contracts and customer diversification. - FY2023-Q2RestatedAnnual report
「During the current second-quarter consolidated cumulative period, there were no material changes in the occurrence of matters relating to the business or accounting situation described in this quarterly report that could have a significant impact on investors’ decisions, or in the matters described under “Business and Other Risks” in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risks related to dependence on government contracts and customer diversification. - FY2023-Q1RestatedAnnual report
「During the current first-quarter consolidated cumulative period, there were no material changes in the occurrence of matters relating to the business or accounting situation described in this quarterly report that could have a significant impact on investors’ decisions, or in the matters described under “Business and Other Risks” in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risks related to dependence on government contracts and customer diversification. - FY2022RestatedAnnual report
「Our Group depends on government agencies, including the national and local governments, for most of its orders. Outside the public sector, its principal orders are from energy-related companies, including electric utilities. Accordingly, if public-works budgets are reallocated or reduced as a result of a change of government, a policy shift or the occurrence of a national emergency, our Group’s order volume may decline, making it unable to secure the necessary level of orders, and its performance may be affected by a decrease in net sales.」
The company reiterates its dependence on orders from government agencies and energy-related companies as a key risk. It also discloses that annual sales to the Ministry of Land, Infrastructure, Transport and Tourism amounted to ¥11,670,003 thousand, or 36.3%. - FY2022-Q3RestatedAnnual report
「(Thousands of yen) Domestic Central government ministries and agencies 9,295,461 Local governments 7,767,585 Expressway companies 1,778,810 Electric power-related companies 1,937,505 Private sector and other 3,477,523 Overseas 370,888 Revenue from contracts with customers 24,627,774」
The company discloses the revenue breakdown by customer and region, but states that there have been no material changes in the dependence on government contracts and customer diversification identified as business risks. - FY2022-Q2RestatedAnnual report
「During the current second-quarter consolidated accounting period, there were no material changes in the occurrence of matters relating to the business or accounting situation described in this quarterly report that could have a significant impact on investors’ decisions, or in the matters described under “Business and Other Risks” in the first-quarter report.」
The company states that there have been no material changes in the risks related to dependence on government contracts and customer diversification. - FY2022-Q1First statedAnnual report
「Our Group depends on government agencies, including the national and local governments, for most of its orders. Outside the public sector, its principal orders are from energy-related companies, including electric utilities. To address this risk, our Group is working to diversify its customer base by strengthening sales activities aimed at expanding into other energy-related services, private-sector orders outside the energy sector and overseas businesses.」
The company identifies the reallocation or reduction of public-works budgets, price competition and declining orders resulting from changes in nuclear energy policy as risks, and cites diversification into the private sector, overseas businesses and other energy-related services as countermeasures.