High dependence on the Mitsubishi Group and a small number of users
First written in FY2017. 16 of 21 entries say "Restated". Latest entry: FY2024-Q1.
The whole theme swung hardest in 2019: 1 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Restated".
- FY2024-Q1RestatedAnnual report
「During the first three months of the consolidated fiscal year, there were no material changes concerning matters described in the quarterly securities report that could materially affect investors' decisions, or to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to its business and other risks, including high dependence on the Mitsubishi Group and a small number of users. - FY2023RestatedAnnual report
「Although the Power Business's share of sales declined due to the application of the revenue recognition standard, the underlying business conditions have not changed, and the business remains highly dependent on the Power Business.」
The company continues to explain that, although the reported share of sales declined due to the application of accounting standards, its underlying dependence on the Power Business remains high. - FY2023-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 management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to its key risks, including high dependence on the Mitsubishi Group and a small number of users. - FY2023-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 states that there have been no material changes to the risks described in the previous fiscal year, including high dependence on the Mitsubishi Group and a small number of users. - FY2022ReframedAnnual report
「Although the Power Business's share of sales declined due to the application of the revenue recognition standard, the underlying business conditions have not changed, and the business remains highly dependent on the Power Business.」
The company explains that the reported share of sales declined under the revenue recognition accounting standard, but that its underlying dependence on the Power Business remains high. - FY2022-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 states that there have been no material changes to the risks described in the previous fiscal year, including high dependence on the Mitsubishi Group and a small number of users. - FY2021-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 states that there have been no material changes to the risks described in the previous fiscal year, including high dependence on the Mitsubishi Group and a small number of users. - FY2021-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 states that there have been no material changes to the risks described in the previous fiscal year, including high dependence on the Mitsubishi Group and a small number of users. - FY2021-Q1RestatedAnnual report
「During the first three months of the consolidated fiscal year, there were no material changes concerning matters described in the quarterly securities report that could materially affect investors' decisions, or to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to the risks described in the previous fiscal year, including high dependence on the Mitsubishi Group and a small number of users. - FY2020SoftenedAnnual report
「Sales from the Power Business segment in the current consolidated fiscal year accounted for 53.2% of sales across all business divisions, representing a significant proportion.」
Previously, the company disclosed the combined dependence on the Power Business and the Chemical and Environmental businesses, but following the segment change it discloses the 53.2% attributable solely to the Power Business as its dependence ratio. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to the risks described in the previous fiscal year, including high dependence on the Mitsubishi Group and a small number of users. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to the risks described in the previous fiscal year, including high dependence on the Mitsubishi Group and a small number of users. - FY2019WorsenedAnnual report
「Sales from the Power Business segment in the current consolidated fiscal year accounted for 86.9% of sales across all business divisions, representing a significant proportion. Accordingly, the company's sales may be materially affected by future trends in capital investment by the power industry, the fiscal conditions of the national and local governments, and manufacturers' sales policies.」
The proportion of sales from the Power Business and the Chemical and Environmental businesses rose from 84.9% in the previous fiscal year to 86.9%, indicating increased dependence on Mitsubishi Group products, the power industry, and national and local governments. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to the risks described in the previous fiscal year, including high dependence on the Mitsubishi Group and a small number of users. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to the risks described in the previous fiscal year, including high dependence on the Mitsubishi Group and a small number of users. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to the risks described in the previous fiscal year, including high dependence on the Mitsubishi Group and a small number of users. - FY2018WorsenedAnnual report
「Sales from these two divisions in the current fiscal year accounted for 84.9% of sales across all divisions, representing a significant proportion.」
The proportion of sales from the power business and the Chemical and Environmental businesses related to Mitsubishi Group products, the power industry, and national and local governments rose from 67.6% in the previous fiscal year to 84.9%. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to the risks described in the previous fiscal year, including high dependence on the Mitsubishi Group and a small number of users. - FY2018-Q2RestatedAnnual report
「There have been no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to the risks described in the previous fiscal year, including high dependence on the Mitsubishi Group and a small number of users. - FY2018-Q1RestatedAnnual report
「There have been no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to the risks described in the previous fiscal year, including high dependence on the Mitsubishi Group and a small number of users. - FY2017First statedAnnual report
「In particular, in the Power-related division, we have delivered and repaired power generation plants for the power industry in the position of an agent. In the Environmental-related division, we receive orders for and deliver public facilities, including waste incineration plants manufactured by affiliates of Mitsubishi Heavy Industries,Ltd., to the national government and local authorities. Sales from these two divisions in the current fiscal year accounted for 67.6% of sales across all divisions, representing a significant proportion.」
The company indicates dependence on products from Mitsubishi Heavy Industries,Ltd., Mitsubishi Hitachi Power Systems, Mitsubishi Electric and other companies, as well as on the power industry and national and local governments, with the Power and Environmental divisions accounting for 67.6% of sales.