Seasonality Resulting from Construction Completions and Handovers Being Concentrated in the Fourth Quarter
First written in FY2017-Q1. 18 of 19 entries say "Restated". Latest entry: FY2024-Q3.
The whole theme swung hardest in 2025: 6 of 20 companies on the "Worse" side.
24 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「The Group's net sales exhibit seasonal fluctuations in its principal business, facilities construction, because contractual completion and handover of projects is concentrated in the fourth quarter of the consolidated fiscal year. As a result, completed construction sales in the fourth quarter of the consolidated fiscal year are higher than those in the first through third quarters.」
The company continues to explain seasonal fluctuations in sales caused by the concentration of project completions and handovers in the fourth quarter. - FY2024-Q1RestatedAnnual report
「As part of the Group's normal operating cycle, projects completed at the end of the consolidated fiscal year tend to be large in scale, while fixed costs, including selling, general and administrative expenses, are incurred at roughly equal levels in each quarter. The Group seeks to secure stable sales and profit without seasonal concentration, but profit remains subject to seasonal fluctuations and is concentrated at the end of the consolidated fiscal year.」
The company continues to explain seasonal fluctuations in profit caused by the concentration of project completions at the end of the fiscal year and the even distribution of fixed costs across quarters. - FY2023-Q2RestatedAnnual report
「As part of the Group's normal operating cycle, projects completed at the end of the consolidated fiscal year tend to be large in scale, while fixed costs, including selling, general and administrative expenses, are incurred at roughly equal levels in each quarter. The Group seeks to secure stable sales and profit without seasonal concentration, but profit remains subject to seasonal fluctuations and is concentrated at the end of the consolidated fiscal year.」
The company continues to explain seasonal fluctuations in profit caused by the concentration of project completions at the end of the fiscal year and the even distribution of fixed costs across quarters. - FY2022-Q3RestatedAnnual report
「As part of the Group's normal operating cycle, projects completed at the end of the consolidated fiscal year tend to be large in scale, while fixed costs, including selling, general and administrative expenses, are incurred at roughly equal levels in each quarter. The Group seeks to secure stable sales and profit without seasonal concentration, but profit remains subject to seasonal fluctuations and is concentrated at the end of the consolidated fiscal year.」
The company continues to explain seasonal fluctuations in profit caused by the concentration of project completions at the end of the fiscal year and the even distribution of fixed costs across quarters. - FY2022-Q2RestatedAnnual report
「The Group seeks to secure stable sales and profit without seasonal concentration, but profit remains subject to seasonal fluctuations and is concentrated at the end of the consolidated fiscal year.」
The company continues to explain seasonal fluctuations in profit caused by the concentration of project completions at the end of the fiscal year and the even distribution of fixed costs across quarters. - FY2022-Q1RestatedAnnual report
「The Group's net sales exhibit seasonal fluctuations in its principal business, facilities construction, because contractual completion and handover of projects is concentrated in the fourth quarter of the consolidated fiscal year. As a result, completed construction sales in the fourth quarter of the consolidated fiscal year are higher than those in the first through third quarters.」
The company continues to explain seasonal fluctuations in sales and profit caused by the concentration of project completions and handovers in the fourth quarter. - FY2021-Q3RestatedAnnual report
「The Group seeks to secure stable sales and profit without seasonal concentration, but profit remains subject to seasonal fluctuations and is concentrated at the end of the consolidated fiscal year.」
The company continues to explain seasonal fluctuations in profit caused by the concentration of project completions at the end of the fiscal year and the even distribution of fixed costs across quarters. - FY2021-Q2RestatedAnnual report
「As part of the Group's normal operating cycle, projects completed at the end of the consolidated fiscal year tend to be large in scale, while fixed costs, including selling, general and administrative expenses, are incurred at roughly equal levels in each quarter. The Group seeks to secure stable sales and profit without seasonal concentration, but profit remains subject to seasonal fluctuations and is concentrated at the end of the consolidated fiscal year.」
The company continues to explain seasonal fluctuations in profit caused by the concentration of project completions at the end of the fiscal year and the even distribution of fixed costs across quarters. - FY2020-Q2RestatedAnnual report
「As part of the Group's normal operating cycle, a greater proportion of projects tend to be completed at the end of the consolidated fiscal year. Meanwhile, fixed costs, including selling, general and administrative expenses, are incurred at roughly equal levels in each quarter, resulting in seasonal fluctuations, with profit concentrated at the end of the consolidated fiscal year.」
The company continues to explain seasonal fluctuations in profit caused by the concentration of project completions at the end of the fiscal year and the even distribution of fixed costs across quarters. - FY2019-Q3RestatedAnnual report
「As part of the Group's normal operating cycle, a greater proportion of projects tend to be completed at the end of the consolidated fiscal year. Meanwhile, fixed costs, including selling, general and administrative expenses, are incurred at roughly equal levels in each quarter, resulting in seasonal fluctuations, with profit concentrated at the end of the consolidated fiscal year.」
The company continues to explain seasonal fluctuations in profit caused by the concentration of project completions at the end of the fiscal year and the even distribution of fixed costs across quarters. - FY2019-Q2RestatedAnnual report
「As part of the Group's normal operating cycle, a greater proportion of projects tend to be completed at the end of the consolidated fiscal year. Meanwhile, fixed costs, including selling, general and administrative expenses, are incurred at roughly equal levels in each quarter, resulting in seasonal fluctuations, with profit concentrated at the end of the consolidated fiscal year.」
The company continues to explain seasonal fluctuations in profit caused by the concentration of project completions at the end of the fiscal year and the even distribution of fixed costs across quarters. - FY2019-Q1RestatedAnnual report
「As part of the Group's normal operating cycle, a greater proportion of projects tend to be completed at the end of the consolidated fiscal year. Meanwhile, fixed costs, including selling, general and administrative expenses, are incurred at roughly equal levels in each quarter, resulting in seasonal fluctuations, with profit concentrated at the end of the consolidated fiscal year.」
The company continues to explain seasonal fluctuations in profit caused by the concentration of project completions at the end of the fiscal year and the even distribution of fixed costs across quarters. - FY2018-Q3RestatedAnnual report
「As part of the Group's normal operating cycle, a greater proportion of projects tend to be completed at the end of the consolidated fiscal year. Meanwhile, fixed costs, including selling, general and administrative expenses, are incurred at roughly equal levels in each quarter, resulting in seasonal fluctuations, with profit concentrated at the end of the consolidated fiscal year.」
The company continues to explain seasonal fluctuations in profit caused by the concentration of project completions at the end of the fiscal year. - FY2018-Q2RestatedAnnual report
「As part of the Group's normal operating cycle, a greater proportion of projects tend to be completed at the end of the consolidated fiscal year. Meanwhile, fixed costs, including selling, general and administrative expenses, are incurred at roughly equal levels in each quarter, resulting in seasonal fluctuations, with profit concentrated at the end of the consolidated fiscal year.」
The company continues to explain seasonal fluctuations in profit caused by the concentration of project completions at the end of the fiscal year. - FY2018-Q1RestatedAnnual report
「As part of the Group's normal operating cycle, a greater proportion of projects tend to be completed at the end of the consolidated fiscal year. Meanwhile, fixed costs, including selling, general and administrative expenses, are incurred at roughly equal levels in each quarter, resulting in seasonal fluctuations, with profit concentrated at the end of the consolidated fiscal year.」
The company continues to explain seasonal fluctuations in profit caused by the concentration of project completions at the end of the fiscal year. - FY2017RestatedAnnual report
「As part of the Group's normal operating cycle, projects completed at the end of the consolidated fiscal year tend to be larger in scale. Meanwhile, fixed costs, including selling, general and administrative expenses, are incurred at roughly equal levels in each quarter, resulting in seasonal fluctuations, with profit concentrated at the end of the consolidated fiscal year.」
The company continues to explain seasonal fluctuations in profit caused by the concentration of project completions at the end of the fiscal year. - FY2017-Q3RestatedAnnual report
「As part of the Group's normal operating cycle, a greater proportion of projects tend to be completed at the end of the consolidated fiscal year. Meanwhile, fixed costs, including selling, general and administrative expenses, are incurred at roughly equal levels in each quarter, resulting in seasonal fluctuations, with profit concentrated at the end of the consolidated fiscal year.」
The company continues to explain seasonal fluctuations in profit caused by the concentration of project completions at the end of the fiscal year. - FY2017-Q2RestatedAnnual report
「As part of the Group's normal operating cycle, a greater proportion of projects tend to be completed at the end of the consolidated fiscal year. Meanwhile, fixed costs, including selling, general and administrative expenses, are incurred at roughly equal levels in each quarter, resulting in seasonal fluctuations, with profit concentrated at the end of the consolidated fiscal year.」
The company continues to explain seasonal fluctuations in profit caused by the concentration of project completions at the end of the fiscal year. - FY2017-Q1First statedAnnual report
「The Group's net sales exhibit seasonal fluctuations in its principal business, facilities construction, because contractual completion and handover of projects is concentrated in the fourth quarter of the consolidated fiscal year. As a result, completed construction sales in the fourth quarter of the consolidated fiscal year are significantly higher than those in the first through third quarters.」
The company explains that completion and handover of facilities construction projects is concentrated in the fourth quarter, resulting in seasonal fluctuations in sales and profit.