Risk of declining demand due to concentration of sales in the automotive industry and major customers
First written in FY2019. 2 of 4 entries say "Materialised", first in FY2020. Latest entry: FY2026.
NIKKON Holdings moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 11 of 20 companies on the "Worse" side.
7 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「For the Group, sales to the automotive industry account for more than 50% of consolidated revenue. If production adjustments at major customer companies or a decline in logistics demand, among other factors, occurs, this may affect the Group's operating results and financial position.」
The disclosure continues to describe the structure in which sales to the automotive industry account for more than 50% of revenue and the potential impact of production adjustments by major customers, among other factors. - FY2021MaterialisedAnnual report
「For the Group, sales to the automotive industry account for more than 50% of consolidated revenue. If production adjustments at major customer companies or a decline in logistics demand, among other factors, occurs, this may affect the Group's operating results and financial position.」
The disclosure continues to show that sales to the automotive industry account for more than 50% of revenue, and the full-year results confirm that freight volumes handled and operating volumes actually decreased due to production cuts by major customers, among other factors. - FY2020MaterialisedAnnual report
「The volume of automotive-related freight handled for the Group's major customers decreased due to the impact of production cuts by those customers.」
The disclosure states that, within the structure in which sales to the automotive industry account for more than half of revenue, automotive-related freight volumes actually decreased due to production cuts by major customers. - FY2019First statedAnnual report
「For the Group, sales to the automotive industry account for more than half of consolidated revenue. If production adjustments at major customer companies or a decline in logistics demand, among other factors, occurs, this may affect the Group's operating results and financial position.」
The Group's sales structure, in which sales to the automotive industry account for more than half of consolidated revenue, was described, and the potential impact on operating results and financial position from production adjustments at major customers and lower logistics demand was explicitly identified as a new risk.