Sales Dependence on Major Trading Companies
First written in FY2016. 11 of 21 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 12 of 25 companies on the "Worse" side.
7 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「The combined sales ratio of SMB KenzaI Co., Ltd., Toyo Material Co., Ltd. and Itochu KenzaI Co., Ltd., the Group's top 3 customers by sales in the fiscal year ended February 2026, was 36.3% of the Group's total sales.」
The sales ratio attributable to the top 3 customers declined from 38.5% in the prior year to 36.3%, further reducing sales concentration. The policy of balancing each customer by product remains in place. - FY2024MitigatedAnnual report
「The combined sales ratio of SMB KenzaI Co., Ltd., Sojitz KenzaI Co., Ltd. and Itochu KenzaI Co., Ltd., the Group's top 3 customers by sales in the fiscal year ended March 2024, was 38.5% of the Group's total sales.」
The sales ratio attributable to the top 3 customers declined from 45.7% in the prior year to 38.5%, clearly reducing sales concentration. The company also discloses a policy of balancing each customer by product. - FY2023WorsenedAnnual report
「The combined sales ratio of SMB KenzaI Co., Ltd., Itochu KenzaI Co., Ltd. and Sojitz KenzaI Co., Ltd., the Group's top 3 customers by sales in the fiscal year ended March 2023, was 45.7% of the Group's total sales.」
The sales ratio attributable to the top 3 customers rose from 40.8% in the prior year to 45.7%, increasing sales concentration. The policy of balancing customers by product remains in place. - FY2022MitigatedAnnual report
「The combined sales ratio of SMB KenzaI Co., Ltd., Itochu KenzaI Co., Ltd. and Sojitz KenzaI Co., Ltd., the Group's top 3 customers by sales in the fiscal year ended March 2022, was 40.8% of the Group's total sales.」
The sales ratio attributable to the top 3 customers declined from 44.9% in the prior year to 40.8%, further reducing sales concentration. The policy of balancing customers by product remains in place. - FY2021MitigatedAnnual report
「The combined sales ratio of SMB KenzaI Co., Ltd., Itochu KenzaI Co., Ltd. and Sojitz KenzaI Co., Ltd., the Group's top 3 customers by sales in the fiscal year ended March 2021, was 44.9% of the Group's total sales.」
The sales ratio attributable to the top 3 customers declined from 51.3% in the prior year to 44.9%, clearly reducing sales concentration. The company also discloses a policy of balancing customers by product. - FY2020WorsenedAnnual report
「The combined sales ratio of SMB KenzaI Co., Ltd., Itochu KenzaI Co., Ltd. and Sojitz KenzaI Co., Ltd., the Group's top 3 customers by sales in the fiscal year ended March 2020, was 51.3% of the Group's total sales.」
The sales ratio attributable to the top 3 customers rose from 51.1% in the prior year to 51.3%, slightly increasing sales concentration. - FY2020-Q3RestatedAnnual report
「The combined sales ratio of SMB KenzaI Co., Ltd., Itochu KenzaI Co., Ltd. and Sojitz KenzaI Co., Ltd., the Group's top 3 customers by sales in the fiscal year ended March 2019, was 51.1% of the Group's total sales.」
A 51.1% sales concentration ratio for the top 3 customers and the risks of impacts from deteriorating transaction terms, termination of business relationships and contract changes continue to be disclosed. - FY2020-Q2RestatedAnnual report
「The combined sales ratio of SMB KenzaI Co., Ltd., Itochu KenzaI Co., Ltd. and Sojitz KenzaI Co., Ltd., the Group's top 3 customers by sales in the fiscal year ended March 2019, was 51.1% of the Group's total sales.」
A 51.1% sales concentration ratio for the top 3 customers and the risks of impacts from deteriorating transaction terms, termination of business relationships and contract changes continue to be disclosed. - FY2020-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The company concludes that there have been no material changes in the risk of dependence on sales to major trading companies. - FY2019WorsenedAnnual report
「The combined sales ratio of SMB KenzaI Co., Ltd., Itochu KenzaI Co., Ltd. and Sojitz KenzaI Co., Ltd., the Group's top 3 customers by sales in the fiscal year ended March 2019, was 51.1% of the Group's total sales.」
The sales ratio attributable to the top 3 customers rose from 46.9% in the prior year to 51.1%, increasing sales concentration. The risks of deteriorating transaction terms, termination of business relationships and changes to contract terms continue to be disclosed. - FY2019-Q3RestatedAnnual report
「The combined sales ratio of SMB KenzaI Co., Ltd., Itochu KenzaI Co., Ltd. and Sojitz KenzaI Co., Ltd., the Group's top 3 customers by sales in the fiscal year ended March 2018, was 46.9% of the Group's total sales.」
A 46.9% sales ratio attributable to the top 3 customers and the risks of impacts from deteriorating transaction terms, termination of business relationships and contract changes continue to be disclosed. - FY2019-Q2RestatedAnnual report
「The combined sales ratio of SMB KenzaI Co., Ltd., Itochu KenzaI Co., Ltd. and Sojitz KenzaI Co., Ltd., the Group's top 3 customers by sales in the fiscal year ended March 2018, was 46.9% of the Group's total sales.」
A 46.9% sales ratio attributable to the top 3 customers and the risks of impacts from deteriorating transaction terms, termination of business relationships and contract changes continue to be disclosed. - FY2018MitigatedAnnual report
「The combined sales ratio of SMB KenzaI Co., Ltd., Itochu KenzaI Co., Ltd. and Sojitz KenzaI Co., Ltd., the Group's top 3 customers by sales in the fiscal year ended March 2018, was 46.9% of the Group's total sales.」
The sales ratio attributable to the top 3 customers declined from 49.6% in the prior year to 46.9%, reducing sales concentration further. The risk of dependence on sales remains disclosed, but concentration has declined further. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company concludes that there have been no material changes in the risk of dependence on sales to major trading companies. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company concludes that there have been no material changes in the risk of dependence on sales to major trading companies. - FY2018-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The company concludes that there have been no material changes in the risk of dependence on sales to major trading companies. - FY2017MitigatedAnnual report
「The combined sales ratio of SMB KenzaI Co., Ltd., Itochu KenzaI Co., Ltd. and Sojitz KenzaI Co., Ltd., the Group's top 3 customers by sales in the fiscal year ended March 2017, was 49.6% of the Group's total sales.」
The sales ratio attributable to the top 3 customers declined from 51.2% in the prior year to 49.6%. Although the company also states that business continues smoothly, the risks of deteriorating transaction terms and termination of business relationships remain disclosed. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company concludes that there have been no material changes in the risk of dependence on sales to major trading companies. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company concludes that there have been no material changes in the risk of dependence on sales to major trading companies. - FY2017-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
No material changes are disclosed regarding the risk of dependence on sales to major trading companies. - FY2016First statedAnnual report
「The combined sales ratio of Marubeni KenzaI Co., Ltd., Itochu KenzaI Co., Ltd. and Sojitz KenzaI Co., Ltd., the Group's top 3 customers by sales in the fiscal year ended March 2016, was 51.2% of the Group's total sales.」
The sales ratio attributable to the top 3 customers was quantified at 51.2%, with deterioration in transaction terms, termination of business relationships and possible contract changes identified as risks.