Dependence on Certain Customers
First written in FY2022. 2 of 4 entries say "Worsened", first in FY2024. Latest entry: FY2026.
GiXo moved to the "Worse" side of this theme in 2026, 3 years after the typical company in this theme (2023).
The whole theme swung hardest in 2025: 22 of 69 companies on the "Worse" side.
16 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Specifically, sales to the company's principal counterparty during the consolidated fiscal year and its percentage of total sales were as follows: West Japan Railway Company ¥1,268.569 million (45.9%).」
Sales to West Japan Railway Company rose from 43.8% in the previous fiscal year to 45.9%. In addition, the company disclosed that 58.1% of trade receivables as of the consolidated balance-sheet date were due from a specific major customer. - FY2025Changes in the composition of major customers and concentration of receivablesAnnual report
「Specifically, sales to the company's principal counterparties during the consolidated fiscal year and their percentages of total sales were as follows: West Japan Railway Company ¥1,049.843 million (43.8%), TRAILBLAZER ¥527.642 million (22.0%) and アサヒグループジャパン㈱ ¥284.596 million (11.9%).」
Sales to West Japan Railway Company declined from 52.9% in the previous fiscal year to 43.8%, while TRAILBLAZER became a major customer, accounting for 22.0% of sales. The company also disclosed that 83.7% of trade receivables were due from specific major customers. - FY2024WorsenedAnnual report
「Specifically, sales to the company's principal counterparties during the consolidated fiscal year and their percentages of total sales were as follows: West Japan Railway Company ¥1,121.143 million (52.9%) and アサヒグループジャパン㈱ ¥452.361 million (21.4%).」
Sales to West Japan Railway Company accounted for 52.9%, up from 33.4% previously. アサヒグループジャパン㈱ accounted for 21.4%, quantifying an even greater concentration of sales among specific customers. - FY2022First statedAnnual report
「Specifically, sales to the company's principal counterparties during the fiscal year and their percentages of total sales were as follows: West Japan Railway Company ¥353.619 million (33.4%) and アサヒグループジャパン㈱ ¥353.570 million (33.4%).」
The 2 main customers each accounted for 33.4% of sales, indicating that customer performance, changes in key personnel and changes in internal evaluations may affect business performance.