Dependence on Public Works and the Construction Industry
First written in FY2016. 29 of 30 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2024: 7 of 31 companies on the "Worse" side.
26 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「These companies primarily operate in public-works-related construction, and most of the projects performed by the Group are also related to public works. Accordingly, reductions in public spending could adversely affect the Group’s results.」
Most of the group's major customers' projects and its own construction work are related to public works, and the possibility that reductions in public works spending could affect performance continues. - FY2025-H1RestatedAnnual report
「As the group's business includes a large amount of public works-related construction, revenue tends to decline in the first quarter (July-September) and fourth quarter (April-June), and increase in the second quarter (October-December) and third quarter (January-March).」
The group's dependence on public works-related construction and the resulting quarterly concentration of revenue continue to be confirmed. - FY2024-Q2RestatedAnnual report
「As the group's business includes a large amount of public works-related construction, revenue tends to decline in the first quarter (July-September) and fourth quarter (April-June), and increase in the second quarter (October-December) and third quarter (January-March).」
The group's dependence on public works-related construction and the resulting seasonal revenue fluctuations continue to be confirmed. - FY2024-Q1RestatedAnnual report
「As the group's business includes a large amount of public works-related construction, revenue tends to decline in the first quarter (July-September) and fourth quarter (April-June), and increase in the second quarter (October-December) and third quarter (January-March).」
The group's dependence on public works-related construction and the resulting quarterly concentration of revenue continue to be described. - FY2023-Q3RestatedAnnual report
「As the group's business includes a large amount of public works-related construction, revenue tends to be concentrated in the second quarter (October-December) and third quarter (January-March) throughout the year, while revenue in the first quarter (July-September) and fourth quarter (April-June) tends to be lower.」
The group's dependence on public works-related construction and the resulting quarterly concentration of revenue continue to be described. - FY2023-Q2RestatedAnnual report
「As the group's business includes a large amount of public works-related construction, revenue tends to be concentrated in the second quarter (October-December) and third quarter (January-March) throughout the year, while revenue in the first quarter (July-September) and fourth quarter (April-June) tends to be lower.」
The group's dependence on public works-related construction and the resulting quarterly concentration of revenue continue to be described. - FY2023-Q1RestatedAnnual report
「As the group's business includes a large amount of public works-related construction, revenue tends to be concentrated in the second quarter (October-December) and third quarter (January-March) throughout the year, while revenue in the first quarter (July-September) and fourth quarter (April-June) tends to be lower.」
The group's dependence on public works-related construction and the resulting quarterly concentration of revenue continue to be described. - FY2022-Q3RestatedAnnual report
「As the group's business includes a large amount of public works-related construction, revenue tends to be concentrated in the second quarter (October-December) and third quarter (January-March) throughout the year, while revenue in the first quarter (July-September) and fourth quarter (April-June) tends to be lower.」
The group's dependence on public works-related construction and the resulting quarterly concentration of revenue continue to be described. - FY2022-Q2RestatedAnnual report
「As the group's business includes a large amount of public works-related construction, revenue tends to be concentrated in the second quarter (October-December) and third quarter (January-March) throughout the year, while revenue in the first quarter (July-September) and fourth quarter (April-June) tends to be lower.」
The group's dependence on public works-related construction and the resulting quarterly concentration of revenue continue to be described. - FY2022-Q1RestatedAnnual report
「As the group's business includes a large amount of public works-related construction, revenue tends to be concentrated in the second quarter (October-December) and third quarter (January-March) throughout the year, while revenue in the first quarter (July-September) and fourth quarter (April-June) tends to be lower.」
The group's dependence on public works-related construction and the resulting quarterly concentration of revenue continue to be described. - FY2021-Q3RestatedAnnual report
「As the group's business includes a large amount of public works-related construction, revenue tends to be concentrated in the second quarter (October-December) and third quarter (January-March) throughout the year, while revenue in the first quarter (July-September) and fourth quarter (April-June) tends to be lower.」
The group's dependence on public works-related construction and the resulting quarterly concentration of revenue continue to be described. - FY2021-Q2RestatedAnnual report
「As the group's business includes a large amount of public works-related construction, revenue tends to be concentrated in the second quarter (October-December) and third quarter (January-March) throughout the year, while revenue in the first quarter (July-September) and fourth quarter (April-June) tends to be lower.」
The group's dependence on public works-related construction and the resulting quarterly concentration of revenue continue to be described. - FY2021-Q1RestatedAnnual report
「As the group's business includes a large amount of public works-related construction, revenue tends to be concentrated in the second quarter (October-December) and third quarter (January-March) throughout the year, while revenue in the first quarter (July-September) and fourth quarter (April-June) tends to be lower.」
The group's dependence on public works-related construction and the resulting quarterly concentration of revenue continue to be described. - FY2020RestatedAnnual report
「These companies primarily operate in public-works-related construction, and most of the projects performed by the Group are also related to public works. Accordingly, reductions in public spending could adversely affect the Group’s results.」
Public works-related construction accounts for most of the group's construction work, and the possibility that reductions in public works spending could affect performance continues to be indicated. - FY2020-Q3RestatedAnnual report
「As the group's business includes a large amount of public works-related construction, revenue tends to be concentrated in the second quarter (October-December) and third quarter (January-March) throughout the year, while revenue in the first quarter (July-September) and fourth quarter (April-June) tends to be lower.」
The group's dependence on public works-related construction and the resulting quarterly concentration of revenue continue to be described. - FY2020-Q2RestatedAnnual report
「As the group's business includes a large amount of public works-related construction, revenue tends to be concentrated in the second quarter (October-December) and third quarter (January-March) throughout the year, while revenue in the first quarter (July-September) and fourth quarter (April-June) tends to be lower.」
The group's dependence on public works-related construction and the resulting quarterly concentration of revenue continue to be described. - FY2020-Q1RestatedAnnual report
「As the group's business includes a large amount of public works-related construction, revenue tends to be concentrated in the second quarter (October-December) and third quarter (January-March) throughout the year, while revenue in the first quarter (July-September) and fourth quarter (April-June) tends to be lower.」
The group's dependence on public works-related construction and the resulting quarterly concentration of revenue continue to be described. - FY2019RestatedAnnual report
「The group's cutting and drilling business primarily operates under subcontracting agreements as a specialist contractor, with its main customers being private-sector general contractors, road construction companies and equipment contractors. These companies primarily operate in public works-related construction, and most of the construction work performed by the group is also related to public works.」
Dependence on public works-related construction continues to be described as a structural business risk. - FY2019-Q3RestatedAnnual report
「As the group's business includes a large amount of public works-related construction, revenue tends to be concentrated in the second quarter (October-December) and third quarter (January-March) throughout the year, while revenue in the first quarter (July-September) and fourth quarter (April-June) tends to be lower.」
The group's dependence on public works-related construction and the resulting quarterly concentration of revenue continue to be described. - FY2019-Q2RestatedAnnual report
「As the group's business includes a large amount of public works-related construction, revenue tends to be concentrated in the second quarter (October-December) and third quarter (January-March) throughout the year, while revenue in the first quarter (July-September) and fourth quarter (April-June) tends to be lower.」
The group's dependence on public works-related construction and the resulting quarterly concentration of revenue continue to be described. - FY2019-Q1RestatedAnnual report
「As the group's business includes a large amount of public works-related construction, revenue tends to be concentrated in the second quarter (October-December) and third quarter (January-March) throughout the year, while revenue in the first quarter (July-September) and fourth quarter (April-June) tends to be lower.」
The group's dependence on public works-related construction and the resulting quarterly concentration of revenue continue to be described. - FY2018RestatedAnnual report
「These companies primarily operate in public-works-related construction, and most of the projects performed by the Group are also related to public works. Accordingly, reductions in public spending could adversely affect the Group’s results.」
The company continues to explain that most of its construction work is related to public works and that reductions in public works spending could affect performance. - FY2018-Q3RestatedAnnual report
「As the group's business includes a large amount of public works-related construction, revenue tends to be concentrated in the second quarter (October-December) and third quarter (January-March) throughout the year, while revenue in the first quarter (July-September) and fourth quarter (April-June) tends to be lower.」
The group's dependence on public works-related construction and the resulting quarterly concentration of revenue continue to be described. - FY2018-Q2RestatedAnnual report
「As the group's business includes a large amount of public works-related construction, revenue tends to be concentrated in the second quarter (October-December) and third quarter (January-March) throughout the year, while revenue in the first quarter (July-September) and fourth quarter (April-June) tends to be lower.」
The group's dependence on public works-related construction and the resulting quarterly concentration of revenue continue to be described. - FY2018-Q1RestatedAnnual report
「As the group's business includes a large amount of public works-related construction, revenue tends to be concentrated in the second quarter (October-December) and third quarter (January-March) throughout the year, while revenue in the first quarter (July-September) and fourth quarter (April-June) tends to be lower.」
The group's dependence on public works-related construction and the resulting quarterly concentration of revenue continue to be described. - FY2017RestatedAnnual report
「These companies primarily operate in public-works-related construction, and most of the projects performed by the Group are also related to public works. Accordingly, reductions in public spending could adversely affect the Group’s results.」
The company continues to explain that most of its construction work is related to public works and that reductions in public works spending could affect performance. - FY2017-Q3RestatedAnnual report
「As the group's business includes a large amount of public works-related construction, revenue tends to be concentrated in the second quarter (October-December) and third quarter (January-March) throughout the year, while revenue in the first quarter (July-September) and fourth quarter (April-June) tends to be lower.」
The group's dependence on public works-related construction and the resulting quarterly concentration of revenue continue to be described. - FY2017-Q2RestatedAnnual report
「As the group's business includes a large amount of public works-related construction, revenue declines in the first quarter (July-September) and fourth quarter (April-June), and increases in the second quarter (October-December) and third quarter (January-March).」
The group's dependence on public works-related construction and the resulting seasonal revenue fluctuations continue to be described. - FY2017-Q1RestatedAnnual report
「As the group's business includes a large amount of public works-related construction, revenue tends to decline in the first quarter (July-September) and fourth quarter (April-June), and increase in the second quarter (October-December) and third quarter (January-March).」
The group's dependence on public works-related construction and the resulting seasonal revenue fluctuations are described again. - FY2016First statedAnnual report
「These companies primarily operate in public-works-related construction, and most of the projects performed by the Group are also related to public works. Accordingly, reductions in public spending could adversely affect the Group’s results.」
The disclosure identifies the concentration of major customers’ businesses and the Group’s own construction work in public works as an external risk to results.