Seasonal fluctuations in quarterly revenue due to the concentration of construction project completions and handovers
First written in FY2017-Q1. 15 of 20 entries say "Restated". Latest entry: FY2024-Q1.
The whole theme swung hardest in 2024: 6 of 29 companies on the "Worse" side.
24 other companies' latest entry also says "Restated".
- FY2024-Q1RestatedAnnual report
「The company’s revenue is subject to seasonal fluctuations because, in its principal construction business, contractual completion and handover of construction projects are concentrated in the third and fourth quarter accounting periods. As a result, revenue in the third and fourth quarter accounting periods is significantly higher than revenue in the first and second quarter accounting periods.」
The quarterly notes continue to disclose the seasonal fluctuation whereby completion and handover of construction work are concentrated in the third and fourth quarters. - FY2023-Q3RestatedAnnual report
「The company’s revenue is subject to seasonal fluctuations because, in its principal construction business, contractual completion and handover of construction projects are concentrated in the third and fourth quarter accounting periods. As a result, revenue in the third and fourth quarter accounting periods is significantly higher than revenue in the first and second quarter accounting periods.」
The quarterly notes continue to disclose the seasonal fluctuation whereby completion and handover of construction work are concentrated in the third and fourth quarters. - FY2023-Q2RestatedAnnual report
「The company’s revenue is subject to seasonal fluctuations because, in its principal construction business, contractual completion and handover of construction projects are concentrated in the third and fourth quarter accounting periods. As a result, revenue in the third and fourth quarter accounting periods is significantly higher than revenue in the first and second quarter accounting periods.」
The notes to the quarterly financial statements continue to disclose the seasonal fluctuation whereby completion and handover of construction work are concentrated in the third and fourth quarters. - FY2022-Q3RestatedAnnual report
「The company’s revenue is subject to seasonal fluctuations because, in its principal construction business, contractual completion and handover of construction projects are concentrated in the third and fourth quarter accounting periods. As a result, revenue in the third and fourth quarter accounting periods is significantly higher than revenue in the first and second quarter accounting periods.」
The notes continue to disclose the seasonal fluctuation whereby completion and handover of construction work are concentrated in the third and fourth quarters. - FY2022-Q2RestatedAnnual report
「The company’s revenue is subject to seasonal fluctuations because, in its principal construction business, contractual completion and handover of construction projects are concentrated in the third and fourth quarter accounting periods. As a result, revenue in the third and fourth quarter accounting periods is significantly higher than revenue in the first and second quarter accounting periods.」
The notes continue to disclose the seasonal fluctuation whereby completion and handover of construction work are concentrated in the third and fourth quarters. - FY2022-Q1RestatedAnnual report
「The company’s revenue is subject to seasonal fluctuations because, in its principal construction business, contractual completion and handover of construction projects are concentrated in the third and fourth quarter accounting periods. As a result, revenue in the third and fourth quarter accounting periods is significantly higher than revenue in the first and second quarter accounting periods.」
The notes continue to disclose the seasonal fluctuation whereby completion and handover of construction work are concentrated in the third and fourth quarters. - FY2021-Q2RestatedAnnual report
「The company’s revenue is subject to seasonal fluctuations because, in its principal construction business, contractual completion and handover of construction projects are concentrated in the third and fourth quarter accounting periods. As a result, revenue in the third and fourth quarter accounting periods is significantly higher than revenue in the first and second quarter accounting periods.」
The quarterly notes continue to disclose the seasonal fluctuation whereby completion and handover of construction work are concentrated in the third and fourth quarters. - FY2021-Q1RestatedAnnual report
「The company’s revenue is subject to seasonal fluctuations because, in its principal construction business, contractual completion and handover of construction projects are concentrated in the third and fourth quarter accounting periods. As a result, revenue in the third and fourth quarter accounting periods is significantly higher than revenue in the first and second quarter accounting periods.」
The quarterly notes restate the seasonal fluctuation whereby completion and handover of construction work are concentrated in the third and fourth quarters. - FY2020-Q3RestatedAnnual report
「The company’s revenue is subject to seasonal fluctuations because, in its principal construction business, contractual completion and handover of construction projects are concentrated in the third and fourth quarter accounting periods. As a result, revenue in the third and fourth quarter accounting periods is significantly higher than revenue in the first and second quarter accounting periods.」
The notes to the quarterly financial statements restate the seasonal fluctuation whereby completion and handover of construction work are concentrated in the third and fourth quarters. - FY2020-Q1Reiteration in the quarterly notesAnnual report
「The company’s revenue is subject to seasonal fluctuations because, in its principal construction business, contractual completion and handover of construction projects are concentrated in the third and fourth quarter accounting periods. As a result, revenue in the third and fourth quarter accounting periods is significantly higher than revenue in the first and second quarter accounting periods.」
The seasonal fluctuations in construction work, which had not been mentioned in the most recent annual filing, are restated in the notes to the quarterly financial statements. - FY2019DroppedAnnual reportThe body of this year’s annual filing does not contain an explanation of seasonal fluctuations caused by completion and handover of construction projects being concentrated in the third and fourth quarters.
- FY2019-Q3RestatedAnnual report
「The company’s revenue is subject to seasonal fluctuations because, in its principal construction business, contractual completion and handover of construction projects are concentrated in the third and fourth quarter accounting periods. As a result, revenue in the third and fourth quarter accounting periods is significantly higher than revenue in the first and second quarter accounting periods.」
The seasonal fluctuation caused by completion and handover of construction projects being concentrated in the third and fourth quarters is reiterated in the notes. - FY2018DroppedAnnual reportThe body of this year’s annual filing does not contain an explanation of seasonal fluctuations caused by completion and handover of construction projects being concentrated in the third and fourth quarters.
- FY2018-Q3RestatedAnnual report
「The company’s revenue is subject to seasonal fluctuations because, in its principal construction business, contractual completion and handover of construction projects are concentrated in the third and fourth quarter accounting periods. As a result, revenue in the third and fourth quarter accounting periods is significantly higher than revenue in the first and second quarter accounting periods.」
The seasonal fluctuation caused by completion and handover of construction projects being concentrated in the third and fourth quarters is reiterated in the notes. - FY2018-Q2RestatedAnnual report
「The company’s revenue is subject to seasonal fluctuations because, in its principal construction business, contractual completion and handover of construction projects are concentrated in the third and fourth quarter accounting periods. As a result, revenue in the third and fourth quarter accounting periods is significantly higher than revenue in the first and second quarter accounting periods.」
The seasonal fluctuation caused by completion and handover of construction projects being concentrated in the third and fourth quarters is reiterated in the notes. - FY2018-Q1RestatedAnnual report
「The company’s revenue is subject to seasonal fluctuations because, in its principal construction business, contractual completion and handover of construction projects are concentrated in the third and fourth quarter accounting periods. As a result, revenue in the third and fourth quarter accounting periods is significantly higher than revenue in the first and second quarter accounting periods.」
The explanation of quarterly seasonality in construction work, which could not be confirmed in the annual filing, is reiterated in the quarterly notes. - FY2017DroppedAnnual reportThe body of this year’s annual filing does not contain an explanation of quarterly seasonality arising from completion and handover of construction projects being concentrated in the third and fourth quarters.
- FY2017-Q3RestatedAnnual report
「The company’s revenue is subject to seasonal fluctuations because, in its principal construction business, contractual completion and handover of construction projects are concentrated in the third and fourth quarter accounting periods. As a result, revenue in the third and fourth quarter accounting periods is significantly higher than revenue in the first and second quarter accounting periods.」
The seasonal fluctuation caused by completion and handover of construction projects being concentrated in the third and fourth quarters is reiterated. - FY2017-Q2RestatedAnnual report
「The company’s revenue is subject to seasonal fluctuations because, in its principal construction business, contractual completion and handover of construction projects are concentrated in the third and fourth quarter accounting periods. As a result, revenue in the third and fourth quarter accounting periods is significantly higher than revenue in the first and second quarter accounting periods.」
The seasonal fluctuation caused by completion and handover of construction projects being concentrated in the third and fourth quarters is reiterated. - FY2017-Q1First statedAnnual report
「The company’s revenue is subject to seasonal fluctuations because, in its principal construction business, contractual completion and handover of construction projects are concentrated in the third and fourth quarter accounting periods. As a result, revenue in the third and fourth quarter accounting periods is significantly higher than revenue in the first and second quarter accounting periods.」
The company describes the structural fact that completion and handover of construction projects are concentrated in the third and fourth quarters, resulting in substantial quarter-to-quarter fluctuations in revenue.