Dependence on Purchases from Hitachi Chemical Co., Ltd.
First written in FY2016. 7 of 12 entries say "Restated". Latest entry: FY2022.
Nippo moved to the "Worse" side of this theme in 2020, 1 year before the typical company in this theme (2021).
The whole theme swung hardest in 2020: 21 of 64 companies on the "Worse" side.
44 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「To address this risk, the Group will seek to strengthen cooperation with its partner companies and curb the risk by increasing its added value within the supply chain through the activities described in "1. Management Policies, Business Environment and Issues to Be Addressed (3) Medium- to Long-Term Management Strategy."」
The Group continues to recognize the risk of supply-chain changes resulting from changes in the procurement policies of specific partners or customers, and is addressing it by strengthening cooperation and increasing added value. - FY2021ReframedAnnual report
「The Group has entered into authorized distributor agreements with several partner companies, including 昭和電工マテリアルズ株式会社 (whose corporate name was changed from 日立化成株式会社 on 1 October 2020), and sells products as an authorized distributor. Changes in the business policies of partner companies or in customers' procurement policies could lead to changes in the supply chain and affect the Group's results.」
The previous risk of dependence on purchases from 日立化成株式会社 has been broadened to cover the risk of supply-chain changes resulting from changes in the procurement policies of multiple partner companies, including the principal partner after the corporate name change, and customers. - FY2020WorsenedAnnual report
「The Group has built a deep relationship of trust through many years of transactions and believes there are no issues regarding continuity. However, if changes in the business environment or policies of 日立化成株式会社 result in the suspension or termination of product supplies, changes in distribution channels or other events, the Group's results could be affected.」
In addition to the impact of changes in the existing supplier's business policy, the potential impact scenarios were specified and expanded to include the suspension or termination of product supplies and changes in distribution channels. - FY2020-Q3RestatedAnnual report
「There were no occurrences of matters relating to the business, financial conditions or other items described in this quarterly report that could have a material impact on investors' decisions during the cumulative third quarter, and no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No significant changes have been identified regarding the risk of dependence on Hitachi Chemical Co., Ltd. for procurement. - FY2019Risk description restatedAnnual report
「Purchases from Hitachi Chemical Co., Ltd. account for a high proportion of the Group's total purchases. Although the parties have a deep relationship of trust built over many years of business dealings and there are believed to be no continuity concerns, changes in Hitachi Chemical Co., Ltd.'s business policies or other factors may affect the Group's business performance.」
The previous risk description was restated regarding the possibility that changes in a specified supplier's business policy could affect results, which had not been explicitly stated in the previous fiscal year. - FY2019-Q3RestatedAnnual report
「There were no occurrences of matters relating to the business, financial conditions or other items described in this quarterly report that could have a material impact on investors' decisions during the cumulative third quarter, and no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No significant changes have been identified regarding the risk of dependence on Hitachi Chemical Co., Ltd. for procurement. - FY2018SoftenedAnnual report
「The Group has entered into a business partner agreement with 日立化成株式会社 and purchases electrical and electronic materials, components and other products from the company. Purchases from 日立化成株式会社 account for a high proportion of the Group's total purchases.」
The Group remains dependent on purchases from 日立化成株式会社 and the business partner agreement remains in place, but the specific proportion of approximately 40% stated in the previous fiscal year is no longer disclosed. - FY2018-Q3RestatedAnnual report
「There were no occurrences of matters relating to the business, financial conditions or other items described in this quarterly report that could have a material impact on investors' decisions during the cumulative third quarter, and no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No significant changes have been identified regarding the risk of dependence on Hitachi Chemical Co., Ltd. for procurement. - FY2018-Q2RestatedAnnual report
「There were no occurrences of matters relating to the business, financial conditions or other items described in this quarterly report that could have a material impact on investors' decisions during the cumulative second quarter, and no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No significant changes have been identified regarding the risk of dependence on Hitachi Chemical Co., Ltd. for procurement. - FY2018-Q1RestatedAnnual report
「There were no new developments during the three-month cumulative consolidated period of the current fiscal year among matters concerning the business and financial conditions described in this quarterly report that could have a material impact on investors' decisions, nor were there any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
No significant changes have been identified regarding the risk of dependence on Hitachi Chemical Co., Ltd. for procurement. - FY2017RestatedAnnual report
「The Group has entered into a business partner agreement with Hitachi Chemical Co., Ltd. and procures electrical and electronic materials, components and other items from the company. Purchases from Hitachi Chemical Co., Ltd. account for approximately 40% of the Group's total purchases.」
The Group's dependence on Hitachi Chemical Co., Ltd. for procurement is explicitly stated through the business partner agreement and the company's approximately 40% share of total purchases. - FY2016First statedAnnual report
「Purchases from Hitachi Chemical Co., Ltd. account for a high proportion of the Group's total purchases. Although the parties have a deep relationship of trust built over many years of business dealings and there are believed to be no continuity concerns, changes in Hitachi Chemical Co., Ltd.'s business policies or other factors may affect the Group's business performance.」
While describing the long-standing relationship of trust with a specific supplier, the Group identifies changes in the supplier's business policies as a risk.