Toda (1860) · RiskDropped
Seasonality Risk from the Concentration of Completed Construction Revenue in the Fourth Quarter
First written in FY2017-Q1. 1 of 2 entries say "Dropped", first in FY2017. Latest entry: FY2017.
2entries
2years
0from disclosures
How it moved
Same theme, other companies
Seasonal decline in sales and profit in the first quarterA theme 17 companies write about · 15 as a headwind · 1 as a tailwind
The whole theme swung hardest in 2026: 3 of 7 companies on the "Worse" side.
1 other company's latest entry also says "Dropped".
Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 17 companies compared. The sentences above are computed from all 17.Full recordFilings, disclosures and news, newest first
- FY2017DroppedAnnual reportThe seasonal factor arising from the concentration of completed construction revenue in the fourth quarter, which was disclosed in the quarterly securities report, is not included in the list of business and other risks for the current fiscal year.
- FY2017-Q1First statedAnnual report
「Completed construction revenue, which accounts for most of the Group's sales, is subject to a seasonal factor because its recognition is relatively concentrated in the fourth quarter of the consolidated fiscal year. As a result, completed construction revenue in the first quarter of the consolidated fiscal year tends to be relatively low compared with the full-year earnings forecast.」
Because the timing of recognition of completed construction revenue is concentrated in the fourth quarter, the seasonal factor causing first-quarter completed construction revenue to be relatively low compared with the full-year earnings forecast is disclosed as a new business risk and fluctuation factor.