Risk from dependence on specific customers and changes in sales strategy
First written in FY2017. 20 of 30 entries say "Restated". Latest entry: FY2027-H1.
The whole theme swung hardest in 2026: 39 of 122 companies on the "Worse" side.
- FY2027-H1RestatedAnnual report
「During the interim accounting period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The risks relating to dependence on specific customers and changes in sales strategy are treated as having no material change. - FY2026Lower dependence on major customersAnnual report
「PRO'S CHOICE GOLF SHAFTS, INC. 1,141,934 37.1 977,600 36.0」
Sales to major customer PRO'S CHOICE GOLF SHAFTS, INC. accounted for 36.0%, down from 37.1% in the previous period. However, it remains a major customer accounting for at least 10% of total sales. - 2026-04-15MitigatedFinancial results
「PRO'S CHOICE GOLF SHAFTS, INC. 977,600 Golf equipment-related business」
Sales to the major customer PRO'S CHOICE GOLF SHAFTS, INC. declined from ¥1,141,934 thousand in the previous fiscal year to ¥977,600 thousand, while its share of total net sales also fell from approximately 37.1% to approximately 36.0%. - FY2026-H1RestatedAnnual report
「During the interim accounting period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The risks relating to dependence on specific customers and changes in sales strategy are treated as having no material change. - FY2025WorsenedAnnual report
「PRO'S CHOICE GOLF SHAFTS, INC. 675,219 25.4 1,141,934 37.1」
Sales to major customer PRO'S CHOICE GOLF SHAFTS, INC. accounted for 37.1%, up from 25.4% in the previous period. Dependence on a specific customer has increased further. - FY2025-H1RestatedAnnual report
「During the interim accounting period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The risks relating to dependence on specific customers and changes in sales strategy are treated as having no material change. - FY2025-Q1RestatedAnnual report
「During the cumulative first-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The risks relating to dependence on specific customers and changes in sales strategy are treated as having no material change. - FY2024Increased dependence on major customersAnnual report
「PRO'S CHOICE GOLF SHAFTS, INC. 675,219 25.4」
Sales to major customer PRO'S CHOICE GOLF SHAFTS, INC. accounted for 25.4%, up from 23.3% in the previous period, increasing the company’s dependence on a specific customer. - FY2024-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The risks relating to dependence on specific customers and changes in sales strategy are treated as having no material change. - FY2024-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The risks relating to dependence on specific customers and changes in sales strategy are treated as having no material change. - FY2024-Q1RestatedAnnual report
「During the cumulative first-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The risks relating to dependence on specific customers and changes in sales strategy are treated as having no material change. - FY2023Increased dependence on major customersAnnual report
「PRO'S CHOICE GOLF SHAFTS, INC. 706,084 21.1 828,444 23.3」
Sales to major customer PRO'S CHOICE GOLF SHAFTS, INC. accounted for 23.3%, up from 21.1% in the previous period. The risk of dependence on specific customers continues. - FY2023-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The risks relating to dependence on specific customers and changes in sales strategy are treated as having no material change. - FY2023-Q1RestatedAnnual report
「During the cumulative first-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The risks relating to dependence on specific customers and changes in sales strategy are treated as having no material change. - FY2022Increased concentration of major customers and changes in the composition of dependenceAnnual report
「PRO'S CHOICE GOLF SHAFTS, INC. 706,084 21.1 Bridgestone Sports Co., Ltd. 315,422 9.4」
PRO'S CHOICE GOLF SHAFTS, INC.’s sales ratio rose from 18.6% in the previous period to 21.1%, while Bridgestone Sports Co., Ltd.’s ratio fell from 15.2% to 9.4%. The risk of dependence on major customers continues, and the composition of dependent customers is changing. - FY2022-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The risks relating to dependence on specific customers and changes in sales strategy are treated as having no material change. - FY2022-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The risks relating to dependence on specific customers and changes in sales strategy are treated as having no material change. - FY2021Changes in the composition of major customers and dependenceAnnual report
「PRO'S CHOICE GOLF SHAFTS, INC. － － 486,380 18.6 Bridgestone Sports Co., Ltd. 522,650 20.5 397,613 15.2」
PRO'S CHOICE GOLF SHAFTS, INC. newly accounted for 18.6% as a major customer, while Bridgestone Sports Co., Ltd.’s share declined from 20.5% to 15.2%. The company continues to describe the risk of dependence on specific customers. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter, there were no new business risks and no material changes in the business and other risks described in the securities report for the previous fiscal year.」
The risks relating to dependence on specific customers and changes in sales strategy are treated as having no material change. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter, there were no new business risks and no material changes in the business and other risks described in the securities report for the previous fiscal year.」
The risks relating to dependence on specific customers and changes in sales strategy are treated as having no material change. - FY2021-Q1RestatedAnnual report
「During the cumulative first-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The risks relating to dependence on specific customers and changes in sales strategy are treated as having no material change. - FY2020-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The risks relating to dependence on specific customers and changes in sales strategy are treated as having no material change. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter, no new business or other risks arose. In addition, there were no material changes in the business or other risks described in the annual securities report for the previous fiscal year.」
The risks relating to dependence on specific customers and changes in sales strategy are treated as having no material change. - FY2020-Q1RestatedAnnual report
「During the cumulative first-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The risks relating to dependence on specific customers and changes in sales strategy are treated as having no material change from the previous fiscal year’s disclosure. - FY2019Increase in the sales ratio of major customersAnnual report
「Bridgestone Sports Co., Ltd. 558,186 18.8」
Sales to Bridgestone Sports Co., Ltd., the company’s major customer, accounted for 18.8%, up from 17.9% in the previous period. The company continues to describe the risk of dependence on specific customers. - FY2019-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The risks relating to dependence on specific customers and changes in sales strategy are treated as having no material change. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter, no new business or other risks arose. In addition, there were no material changes in the business or other risks described in the annual securities report for the previous fiscal year.」
The risks relating to dependence on specific customers and changes in sales strategy are treated as having no material change. - FY2019-Q1RestatedAnnual report
「During the cumulative first-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The risks relating to dependence on specific customers and changes in sales strategy are treated as having no material change from the previous fiscal year’s disclosure. - FY2018Increase in the sales ratio of major customersAnnual report
「Bridgestone Sports Co., Ltd. 522,372 17.9」
The company continues to describe the risk of dependence on specific customers. Sales to Bridgestone Sports Co., Ltd., its major customer, accounted for 17.9%, up from 13.7% in the previous period. - FY2017First statedAnnual report
「Our principal customers are golf-club manufacturers in Japan and the United States, and our sales dependence on specific customers, defined as the percentage of total sales represented by those customers, is high. We intend to maintain stable business relationships with these customers based on past sales of golf clubs using our shafts and our development capabilities. However, changes in customers' sales strategies and trends, or their adoption of competing golf-shaft manufacturers' products, could materially affect our operating results.」
The company is highly dependent on golf-club manufacturers in Japan and the United States, particularly specific customers. Customer strategies, sales trends and adoption of competing products could affect operating results.