Concentration of Revenue from Completed Construction Contracts in the Fourth Quarter
First written in FY2017-Q1. 14 of 20 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2025: 6 of 20 companies on the "Worse" side.
4 other companies' latest entry also says "Dropped".
- FY2022DroppedAnnual reportThe current annual securities report contains no apparent description of the concentration of completed construction revenue in the fourth quarter or the seasonality mitigation provided by the percentage-of-completion method.
- FY2022-Q2RestatedAnnual report
「As part of our normal business operations, completion and handover of construction projects under contracts are concentrated in the fourth quarter accounting period. Consequently, we experience seasonal fluctuations, with completed construction revenue in the fourth quarter accounting period significantly exceeding that in the first through third quarter accounting periods. However, as a greater proportion of completed construction revenue is allocated in accordance with the progress of construction under the percentage-of-completion method, the seasonal fluctuations tend to be mitigated.」
The notes continue to describe the concentration of completed construction revenue in the fourth quarter and the tendency for the percentage-of-completion method to mitigate seasonality. - FY2022-Q1RestatedAnnual report
「As part of our normal business operations, completion and handover of construction projects under contracts are concentrated in the fourth quarter accounting period. Consequently, we experience seasonal fluctuations, with completed construction revenue in the fourth quarter accounting period significantly exceeding that in the first through third quarter accounting periods. However, as a greater proportion of completed construction revenue is allocated in accordance with the progress of construction under the percentage-of-completion method, the seasonal fluctuations tend to be mitigated.」
The notes continue to describe the concentration of completed construction revenue in the fourth quarter and the tendency for the percentage-of-completion method to mitigate seasonality. - FY2021-Q3RestatedAnnual report
「As part of our normal business operations, completion and handover of construction projects under contracts are concentrated in the fourth quarter accounting period. Consequently, we experience seasonal fluctuations, with completed construction revenue in the fourth quarter accounting period significantly exceeding that in the first through third quarter accounting periods. However, as a greater proportion of completed construction revenue is allocated in accordance with the progress of construction under the percentage-of-completion method, the seasonal fluctuations tend to be mitigated.」
The notes continue to describe the concentration of completed construction revenue in the fourth quarter and the tendency for the percentage-of-completion method to mitigate seasonality. - FY2021-Q2RestatedAnnual report
「As part of our normal business operations, completion and handover of construction projects under contracts are concentrated in the fourth quarter accounting period. Consequently, we experience seasonal fluctuations, with completed construction revenue in the fourth quarter accounting period significantly exceeding that in the first through third quarter accounting periods. However, as a greater proportion of completed construction revenue is allocated in accordance with the progress of construction under the percentage-of-completion method, the seasonal fluctuations tend to be mitigated.」
The notes continue to describe the concentration of completed construction revenue in the fourth quarter and the tendency for the percentage-of-completion method to mitigate seasonal fluctuations. - FY2021-Q1Seasonality described againAnnual report
「As part of our normal business operations, completion and handover of construction projects under contracts are concentrated in the fourth quarter accounting period. Consequently, we experience seasonal fluctuations, with completed construction revenue in the fourth quarter accounting period significantly exceeding that in the first through third quarter accounting periods. However, as a greater proportion of completed construction revenue is allocated in accordance with the progress of construction under the percentage-of-completion method, the seasonal fluctuations tend to be mitigated.」
The concentration of completed construction revenue in the fourth quarter, which was not found in the previous annual securities report, and the tendency for this to be mitigated by the percentage-of-completion method are described again in the quarterly notes. - FY2020DroppedAnnual reportThe current annual securities report contains no apparent description of the concentration of completed construction revenue in the fourth quarter or the seasonality mitigation provided by the percentage-of-completion method.
- FY2020-Q3RestatedAnnual report
「As part of our normal business operations, completion and handover of construction projects under contracts are concentrated in the fourth quarter accounting period. Consequently, we experience seasonal fluctuations, with completed construction revenue in the fourth quarter accounting period significantly exceeding that in the first through third quarter accounting periods. However, as a greater proportion of completed construction revenue is allocated in accordance with the progress of construction under the percentage-of-completion method, the seasonal fluctuations tend to be mitigated.」
The notes continue to describe the concentration of completed construction revenue in the fourth quarter and the tendency for the percentage-of-completion method to mitigate seasonal fluctuations. - FY2020-Q2RestatedAnnual report
「As part of our normal business operations, completion and handover of construction projects under contracts are concentrated in the fourth quarter accounting period. Consequently, we experience seasonal fluctuations, with completed construction revenue in the fourth quarter accounting period significantly exceeding that in the first through third quarter accounting periods. However, as a greater proportion of completed construction revenue is allocated in accordance with the progress of construction under the percentage-of-completion method, the seasonal fluctuations tend to be mitigated.」
The notes continue to describe the concentration of completed construction revenue in the fourth quarter and the tendency for the percentage-of-completion method to mitigate seasonal fluctuations. - FY2020-Q1RestatedAnnual report
「As part of our normal business operations, completion and handover of construction projects under contracts are concentrated in the fourth quarter accounting period. Consequently, we experience seasonal fluctuations, with completed construction revenue in the fourth quarter accounting period significantly exceeding that in the first through third quarter accounting periods. However, as a greater proportion of completed construction revenue is allocated in accordance with the progress of construction under the percentage-of-completion method, the seasonal fluctuations tend to be mitigated.」
The notes continue to describe the concentration of completed construction revenue in the fourth quarter and the tendency for the percentage-of-completion method to mitigate seasonality. - FY2019-Q3RestatedAnnual report
「As part of our normal business operations, completion and handover of construction projects under contracts are concentrated in the fourth quarter accounting period. Consequently, we experience seasonal fluctuations, with completed construction revenue in the fourth quarter accounting period significantly exceeding that in the first through third quarter accounting periods. However, as a greater proportion of completed construction revenue is allocated in accordance with the progress of construction under the percentage-of-completion method, the seasonal fluctuations tend to be mitigated.」
The notes continue to describe the concentration of completed construction revenue in the fourth quarter and the tendency for the percentage-of-completion method to mitigate seasonality. - FY2019-Q2RestatedAnnual report
「As part of our normal business operations, completion and handover of construction projects under contracts are concentrated in the fourth quarter accounting period. Consequently, we experience seasonal fluctuations, with completed construction revenue in the fourth quarter accounting period significantly exceeding that in the first through third quarter accounting periods. However, as a greater proportion of completed construction revenue is allocated in accordance with the progress of construction under the percentage-of-completion method, the seasonal fluctuations tend to be mitigated.」
The notes continue to describe the concentration of completed construction revenue in the fourth quarter and the tendency for the percentage-of-completion method to mitigate seasonal fluctuations. - FY2019-Q1RestatedAnnual report
「As part of our normal business operations, completion and handover of construction projects under contracts are concentrated in the fourth quarter accounting period. Consequently, we experience seasonal fluctuations, with completed construction revenue in the fourth quarter accounting period significantly exceeding that in the first through third quarter accounting periods. However, as a greater proportion of completed construction revenue is allocated in accordance with the progress of construction under the percentage-of-completion method, the seasonal fluctuations tend to be mitigated.」
The notes continue to describe the concentration of completed construction revenue in the fourth quarter and the tendency for the percentage-of-completion method to mitigate seasonality. - FY2018-Q3RestatedAnnual report
「Completed construction revenue, which represents our main source of revenue, is subject to seasonal fluctuations because, as part of our normal business operations, completion and handover of construction projects under contracts are concentrated in the fourth quarter accounting period, resulting in substantially higher completed construction revenue in the fourth quarter accounting period than in the first through third quarter accounting periods. However, as a greater proportion of completed construction revenue is allocated in accordance with the progress of construction under the percentage-of-completion method, the seasonal fluctuations tend to be mitigated.」
The notes continue to describe the concentration of completed construction revenue in the fourth quarter and the tendency for the percentage-of-completion method to mitigate seasonal fluctuations. - FY2018-Q2RestatedAnnual report
「As part of our normal business operations, completion and handover of construction projects under contracts are concentrated in the fourth quarter accounting period. Consequently, we experience seasonal fluctuations, with completed construction revenue in the fourth quarter accounting period significantly exceeding that in the first through third quarter accounting periods. However, as a greater proportion of completed construction revenue is allocated in accordance with the progress of construction under the percentage-of-completion method, the seasonal fluctuations tend to be mitigated.」
The notes continue to describe the concentration of completed construction revenue in the fourth quarter and the tendency for the percentage-of-completion method to mitigate seasonal fluctuations. - FY2018-Q1ReinclusionAnnual report
「As part of our normal business operations, completion and handover of construction projects under contracts are concentrated in the fourth quarter accounting period. Consequently, we experience seasonal fluctuations, with completed construction revenue in the fourth quarter accounting period significantly exceeding that in the first through third quarter accounting periods. However, as a greater proportion of completed construction revenue is allocated in accordance with the progress of construction under the percentage-of-completion method, the seasonal fluctuations tend to be mitigated.」
The concentration of completed construction revenue in the fourth quarter, which was not found in the previous fiscal year's annual securities report, and the tendency for this to be mitigated by the percentage-of-completion method are described again in the notes to the quarterly financial statements. - FY2017DroppedAnnual reportThe current annual securities report's section on business and other risks contains no apparent description of the seasonality arising from the concentration of completed construction revenue in the fourth quarter.
- FY2017-Q3RestatedAnnual report
「As part of our normal business operations, completion and handover of construction projects under contracts are concentrated in the fourth quarter accounting period. Consequently, we experience seasonal fluctuations, with revenue in the fourth quarter accounting period significantly exceeding completed construction revenue in the first through third quarter accounting periods. However, as a greater proportion of completed construction revenue is allocated in accordance with the progress of construction under the percentage-of-completion method, the seasonal fluctuations tend to be mitigated.」
The concentration of completed construction revenue in the fourth quarter and the tendency for the percentage-of-completion method to mitigate seasonality are described with the same content. - FY2017-Q2RestatedAnnual report
「As part of our normal business operations, completion and handover of construction projects under contracts are concentrated in the fourth quarter accounting period. Consequently, we experience seasonal fluctuations, with completed construction revenue in the fourth quarter accounting period significantly exceeding that in the first through third quarter accounting periods. However, as a greater proportion of completed construction revenue is allocated in accordance with the progress of construction under the percentage-of-completion method, the seasonal fluctuations tend to be mitigated.」
The concentration of completed construction revenue in the fourth quarter and the tendency for the percentage-of-completion method to mitigate seasonality are described with the same content. - FY2017-Q1First statedAnnual report
「As part of our normal business operations, completion and handover of construction projects under contracts are concentrated in the fourth quarter accounting period. Consequently, we experience seasonal fluctuations, with completed construction revenue in the fourth quarter accounting period significantly exceeding that in the first through third quarter accounting periods. However, as a greater proportion of completed construction revenue is allocated in accordance with the progress of construction under the percentage-of-completion method, the seasonal fluctuations tend to be mitigated.」
The concentration of completed construction revenue in the fourth quarter is identified as a risk, while the percentage-of-completion method is said to be mitigating this trend.