Distribution Consolidation and Concentration of Domestic Sales Channels
First written in FY2018. 4 of 8 entries say "Restated". Latest entry: FY2026.
People moved to the "Worse" side of this theme in 2023, 3 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 6 of 27 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2026ReframedAnnual report
「As distribution has become increasingly consolidated over the past several years, approximately 3 companies, including our domestic customer HAPPINET CORPORATION, account for approximately 60% of our domestic sales, creating a concentration risk. We will continue to deepen our understanding of these major customers' business environments by maintaining opportunities for dialogue, while working with them to build better relationships.」
The explanation has been organized around the sales concentration risk posed by approximately 3 companies accounting for approximately 60% of domestic sales, with dialogue with major customers again presented as a countermeasure. - FY2024ReframedAnnual report
「As distribution has become increasingly consolidated over the past several years, 日本トイザらス株式会社 and HAPPINET CORPORATION, our domestic customers, account for approximately 60% of our domestic sales, creating a concentration risk. We will continue to deepen our understanding of these customers' business environments by maintaining opportunities for dialogue, while working with them to build better relationships.」
The explanation of the sales concentration risk has been narrowed to the approximately 60% share of domestic sales accounted for by 2 major domestic customers, with dialogue with major customers explicitly identified as a countermeasure. - FY2023WorsenedAnnual report
「As distribution has become increasingly consolidated over the past several years, 3 customers, 日本トイザらス株式会社 and HAPPINET CORPORATION in Japan and MVW Holdings, Inc. overseas, account for approximately 80% of our sales, creating a concentration risk.」
Sales concentration among the 3 major customers increased from approximately 70% to approximately 80%, widening the imbalance in sales channels. - FY2022RestatedAnnual report
「Three customers, 日本トイザらス株式会社 and HAPPINET CORPORATION in Japan, and MVW Holdings, Inc., an overseas customer formerly known as VALTECH LLC, together account for approximately 70% of our sales, creating a concentration risk.」
The company continues to identify in its full-year disclosure the concentration of sales among 3 major customers, 2 domestic and 1 overseas, which account for approximately 70% of sales, as a risk. - FY2021RestatedAnnual report
「Three customers, 日本トイザらス株式会社 and HAPPINET CORPORATION in Japan, and MVW Holdings, Inc., an overseas customer formerly known as VALTECH LLC, together account for approximately 70% of our group's sales, creating a concentration risk.」
The company continues to identify the concentration of sales among 3 major customers, 2 domestic and 1 overseas, which account for approximately 70% of sales, as a risk. - FY2020RestatedAnnual report
「Sales to VALTECH LLC., 日本トイザらス㈱ and HAPPINET CORPORATION amounted to ¥1,217.728 million, ¥818.168 million and ¥589.662 million, respectively.」
Sales remain concentrated among major customers, with the combined sales of the top 3 companies accounting for approximately 70% of total sales. - FY2019RestatedAnnual report
「As distribution has become increasingly consolidated over the past several years, 日本トイザらス株式会社 and HAPPINET CORPORATION together account for approximately 70% of our group's domestic sales, creating a concentration risk.」
The concentration of sales channels, with 2 companies accounting for approximately 70% of domestic sales, continues to be identified as a risk. - FY2018First statedAnnual report
「As distribution has become increasingly consolidated over the past several years, 日本トイザらス株式会社 and HAPPINET CORPORATION together account for approximately 70% of our group's domestic sales, creating a concentration risk.」
The concentration of sales channels, with 日本トイザらス株式会社 and HAPPINET CORPORATION accounting for approximately 70% of domestic sales, is identified as a risk.