Dependence on major consulting-firm customers
First written in FY2023. 2 of 4 entries say "Mitigated", first in FY2024. Latest entry: FY2026.
The whole theme swung hardest in 2017: 12 of 76 companies on the "Worse" side.
39 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「The company's largest customer by sales during the consolidated fiscal year was PwC Consulting LLC, which accounted for 19.2% of total sales.」
The largest customer's share of sales declined from 25.2% to 19.2%, indicating a numerical reduction in dependence on a specific customer. Expanding services for operating companies remains an ongoing response measure. - FY2025WorsenedAnnual report
「The largest customer by sales during the fiscal year was PwC Consulting LLC, accounting for 25.2% of total sales.」
The largest customer’s sales share rose from 22.6% to 25.2%, increasing measured dependence on that customer. - FY2024MitigatedAnnual report
「The largest customer by sales during the most recent two consolidated fiscal years was PwC Consulting LLC, accounting for 23.8% of total sales in the 22nd consolidated fiscal year and 22.6% in the 23rd.」
The largest customer’s sales share declined from 23.8% to 22.6%. Expanding services for operating companies is intended to reduce dependence on a particular customer. - FY2023First statedAnnual report
「If unexpected policy changes or poor performance at a top consulting-firm customer make it difficult to continue transactions smoothly, our Group’s business activities and operating results could be affected. The largest customer by sales during the most recent two consolidated fiscal years was PwC Consulting LLC, accounting for 29.1% of total sales in the 21st consolidated fiscal year and 23.8% in the 22nd.」
Dependence on major customers is identified as a risk. The largest customer accounted for 29.1% and 23.8% of sales; expanding services for operating companies is the response.