Dependence on sales to financial institutions
First written in FY2016. 11 of 16 entries say "Materialised", first in FY2019-Q2. Latest entry: FY2025-H1.
Toyo Tec moved to the "Worse" side of this theme in 2018.
0 other companies' latest entry also says "Materialised".
- FY2025-H1MaterialisedAnnual report
「The main factors were a ¥253 million increase in other items, including advance payments, offset by decreases of ¥1,363 million in entrusted cash and deposits related to ATM management services and ¥180 million in real estate for sale.」
Entrusted cash and deposits related to ATM management services decreased by ¥1,363 million from the end of the previous fiscal year, and the amount under management in services related to financial institutions continued to contract. - FY2023-Q2MaterialisedAnnual report
「This was also attributable to a ¥462 million decrease in entrusted cash and deposits related to ATM management services.」
Regarding the risk associated with dependence on services related to financial institutions, entrusted cash and deposits related to ATM management services decreased by ¥462 million from the end of the previous fiscal year. - FY2022MaterialisedAnnual report
「On-site security grew steadily due to winning new customers and security services at COVID-19 vaccination venues and for the Tokyo Olympics and Paralympics. Mechanical security also returned to revenue growth for the first time in 4 periods. Construction and equipment sales, which had struggled in the previous fiscal year, also recovered. However, segment profit declined slightly due mainly to a decrease in the highly profitable ATM management business.」
Regarding the risk associated with dependence on sales to financial institutions, ATM management services declined from ¥1,631 million in the previous fiscal year to ¥1,616 million, and the contraction in highly profitable services emerged in full-year results. - FY2022-Q1MaterialisedAnnual report
「ATM management also remains in a challenging situation as the shift to cashless payments progresses,」
Regarding the risk associated with dependence on transactions with financial institutions, the difficult conditions in ATM management resulting from the shift to cashless payments continued to be reflected in actual results. - FY2021MaterialisedAnnual report
「The progress of cashless payments, the decline in ATM management services resulting from the consolidation and integration of ATMs and financial institutions, and the decline in power-supply restoration services following the spread of smart meters resulted in security business revenue being flat year on year.」
The decline in ATM management services associated with the consolidation and integration of financial institutions and the shift to cashless payments emerged in full-year results, with ATM management revenue down 10.5% year on year. - FY2021-Q3MaterialisedAnnual report
「Covering the decline in ATM management resulting from weak construction and equipment sales and the progress of the shift to cashless payments」
While the decline in ATM management resulting from the shift to cashless payments continued to be a factor behind the revenue decline in actual results, transportation security made up for the shortfall. - FY2021-Q2MaterialisedAnnual report
「Construction and equipment sales struggled, while ATM management declined as the shift to cashless payments progressed, among other factors.」
Regarding the risk of dependence on services related to financial institutions, the decline in ATM management associated with the shift to cashless payments emerged in the current quarter's results. - FY2021-Q1MaterialisedAnnual report
「The decline in revenue from ATM management services due to restrictions on going out and the contraction in cash transactions during the COVID-19 pandemic, as well as the accelerated shift to cashless payments」
Regarding the risk of dependence on sales to financial institutions, restrictions on going out, the contraction in cash transactions and the accelerated shift to cashless payments actually emerged as a decline in revenue from ATM management services. - FY2020WorsenedAnnual report
「Because the Group derives a high proportion of its sales from financial institutions, contracted services such as electronic security for branches, valuables transportation security, and ATM management services that comprehensively manage CD/ATM machines may be canceled or scaled back as a result of the shift to cashless payments and reorganizations, including mergers and integrations, which could have a significant adverse impact on the Group's performance.」
Regarding the risk of dependence on financial institutions, the company explicitly identified the shift to cashless payments in addition to conventional reorganizations, while the financial institution business also rapidly stagnated in actual results. - FY2020-Q2MaterialisedAnnual report
「In addition to the decline in electronic security and ATM management accompanying the consolidation of financial institution branches and other factors, discontinuation of certain other security services and the “Mimamori Anshin Call” emergency call service also declined.」
The decline in electronic security for branches and ATM management associated with branch consolidations and other changes at financial institutions emerged as an actual factor behind the revenue decline in the current quarter. - FY2020-Q1MaterialisedAnnual report
「Although orders from financial institutions for ATM management declined, as did discontinuation and suspension services in other security operations and the Mimamori Anshin Call service,」
The decline in ATM management orders from financial institutions was specifically identified as a factor behind the security business's revenue decline in the current quarter. - FY2019Explicitly identified the contraction in transactions with financial institutions resulting from the shift to cashless paymentsAnnual report
「At the same time, the operating environment remains challenging, due to hiring difficulties caused by a chronic labor shortage, higher personnel and outsourcing costs, and the full-scale arrival of the cashless era.」
In addition to the dependence risk arising from financial institution reorganizations and other factors, the company explicitly identified the contraction in transactions with financial institutions resulting from the full-scale shift to cashless payments as an operating environment factor. - FY2019-Q2MaterialisedAnnual report
「Although cancellations by major customers during the previous fiscal year and price reductions for financial institutions in the electronic security and other security businesses were factors behind the decline in revenue, construction and equipment sales and on-site security performed well. As a result, revenue excluding intersegment internal revenue and transfers increased to ¥8,335 million, up 4.3% year on year.」
Price reductions for financial institutions were identified as an actual factor behind the decline in revenue, and the risk associated with dependence on transactions with financial institutions emerged as a performance factor. - FY2018RestatedAnnual report
「Because the Group derives a high proportion of its sales from financial institutions, contracted services such as electronic security for branches, valuables transportation security, and ATM management services that comprehensively manage CD/ATM machines may be canceled or scaled back as a result of reorganizations, including mergers and integrations, which could have a significant adverse impact on the Group's performance.」
The company reiterated its dependence on sales to financial institutions and the risk of cancellations and service reductions resulting from financial institution reorganizations and improper incidents involving related services. - FY2017RestatedAnnual report
「Because the Group derives a high proportion of its sales from financial institutions, contracted services such as electronic security for branches, valuables transportation security, and ATM management services that comprehensively manage CD/ATM machines may be canceled or scaled back as a result of reorganizations, including mergers and integrations, which could have a significant adverse impact on the Group's performance.」
The company reiterated its dependence on sales to financial institutions and the risk of service reductions and cancellations resulting from financial institution reorganizations and other factors. - FY2016First statedAnnual report
「Because the Group derives a high proportion of its sales from financial institutions, contracted services such as electronic security for branches, valuables transportation security, and outsourced management of CD/ATM machines may be canceled or scaled back as a result of reorganizations, including mergers and integrations, which could have a significant adverse impact on the Group's performance.」
The company expressed concern about cancellations and service reductions resulting from financial institution reorganizations and improper incidents involving related services.