Dependence on condominium developers and housebuilders
First written in FY2016. 3 of 9 entries say "Mitigated", first in FY2018. Latest entry: FY2026.
Nihon Flush moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
The whole theme swung hardest in 2017: 15 of 72 companies on the "Worse" side.
33 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「万科企業股份有限公司 and its group companies 4,611,503 19.7 厦門建発集団有限公司 and its group companies 3,225,060 13.7 DAIWA HOUSE INDUSTRY CO.,LTD. and its group companies 2,507,617 10.7」
Dependence on major customers continued, with the Vanke group accounting for 19.7% of sales, 厦門建発集団 group for 13.7% and the DAIWA HOUSE INDUSTRY CO.,LTD. group for 10.7%. - FY2025MitigatedAnnual report
「万科企業股份有限公司 and its group companies 4,567,644 19.1 DAIWA HOUSE INDUSTRY CO.,LTD. and its group companies 2,580,664 10.8」
The proportion of sales to the major customer Vanke group declined from 23.0% in the previous fiscal year to 19.1%. The DAIWA HOUSE INDUSTRY CO.,LTD. group accounted for 10.8%, indicating a numerical decline in sales concentration among major customers with respect to Vanke. - FY2023RestatedAnnual report
「万科企業股份有限公司 and its group companies 9,789,399 35.8 DAIWA HOUSE INDUSTRY CO.,LTD. and its group companies 2,805,525 10.3」
Dependence on major customers continued, with the Vanke group accounting for 35.8% of sales and the DAIWA HOUSE INDUSTRY CO.,LTD. group accounting for 10.3%. - FY2021RestatedAnnual report
「The Group places importance on maintaining and deepening sound business relationships by prioritizing the provision of new products and providing maintenance, after-sales support and other services following product delivery. As a result, dependence on properties developed by certain condominium developers and other customers has increased both in Japan and overseas and is expected to remain high.」
It reports that, while deepening business relationships through post-delivery support, dependence on certain condominium developers and other customers is expected to remain high. - FY2020RestatedAnnual report
「The Group places importance on maintaining and deepening sound business relationships by prioritizing the provision of new products and providing maintenance, after-sales support and other services following product delivery. As a result, dependence on properties developed by certain condominium developers and other customers has increased both in Japan and overseas and is expected to remain high.」
It reports that, while continuing to deepen business relationships through priority provision of new products, maintenance and after-sales support, dependence on certain condominium developers and other customers is expected to remain high. - FY2019MitigatedAnnual report
「DAIWA HOUSE INDUSTRY CO.,LTD. 2,761,587 11.2」
The proportion of sales to DAIWA HOUSE INDUSTRY CO.,LTD. declined from 14.2% in the previous fiscal year to 11.2%, indicating a further numerical reduction in sales concentration among major customers. - FY2018MitigatedAnnual report
「DAIWA HOUSE INDUSTRY CO.,LTD. 2,921,693 14.2」
The proportion of sales to DAIWA HOUSE INDUSTRY CO.,LTD. declined from 16.4% in the previous fiscal year to 14.2%, indicating a numerical reduction in sales concentration among major customers. - FY2017WorsenedAnnual report
「DAIWA HOUSE INDUSTRY CO.,LTD. 2,930,935 16.4」
Sales to the major customer DAIWA HOUSE INDUSTRY CO.,LTD. amounted to ¥2,930,935 thousand, accounting for 16.4% of total sales, up from 12.4% in the previous fiscal year. Numerical dependence on concentrated customers increased. - FY2016First statedAnnual report
「Dependence on properties developed by certain condominium developers and other customers has increased both in Japan and overseas and is expected to remain high.」
It reports a high dependence on properties of specific customers, with declines in customers' housing starts and orders potentially affecting business performance.