Seasonal fluctuations due to the timing of construction completion
First written in FY2016. 13 of 14 entries say "Restated". Latest entry: FY2021-Q3.
The whole theme swung hardest in 2025: 6 of 20 companies on the "Worse" side.
24 other companies' latest entry also says "Restated".
- FY2021-Q3RestatedAnnual report
「Same as above」
The company presents the same information as in the same period of the previous year regarding the seasonal fluctuations caused by construction completions and handovers being concentrated in the fourth quarter. - FY2021-Q1RestatedAnnual report
「The Group's sales are subject to seasonal fluctuations because, in its main facilities construction business, construction completion and delivery are concentrated in the fourth quarter of the consolidated fiscal year, resulting in significantly higher sales in the fourth quarter than in the first through third quarters.」
The company continues to describe the seasonal fluctuations caused by completions and handovers of equipment construction being concentrated in the fourth quarter. - FY2020-Q3RestatedAnnual report
「The Group's sales are subject to seasonal fluctuations because, in its main facilities construction business, construction completion and delivery are concentrated in the fourth quarter of the consolidated fiscal year, resulting in significantly higher sales in the fourth quarter than in the first through third quarters.」
The company continues to disclose seasonal fluctuations in revenue caused by construction completions and handovers being concentrated in the fourth quarter. - FY2020-Q1RestatedAnnual report
「The Group's sales are subject to seasonal fluctuations because, in its main facilities construction business, construction completion and delivery are concentrated in the fourth quarter of the consolidated fiscal year, resulting in significantly higher sales in the fourth quarter than in the first through third quarters.」
It continues to disclose seasonal fluctuations in sales resulting from the concentration of facilities construction completion and delivery in the fourth quarter. - FY2019-Q3RestatedAnnual report
「There were no newly emerging business or other risks during the cumulative third quarter under review. In addition, there were no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new occurrences or material changes in business and other risks, including seasonal fluctuations caused by the timing of construction completions. - FY2019-Q1RestatedAnnual report
「The Group's sales are subject to seasonal fluctuations because, in its main facilities construction business, construction completion and delivery are concentrated in the fourth quarter of the consolidated fiscal year, resulting in significantly higher sales in the fourth quarter than in the first through third quarters.」
It continues to disclose seasonal fluctuations in sales resulting from the concentration of facilities construction completion and delivery in the fourth quarter. - FY2018RestatedAnnual report
「The Group's sales and profits may be subject to seasonal fluctuations, with sales and profits weighted toward the second half of the consolidated fiscal year because, due to industry characteristics, construction completions may be concentrated in the second half.」
The seasonal fluctuations in revenue and profit caused by construction completions being concentrated in the second half continue to be viewed as a structural risk. - FY2018-Q3RestatedAnnual report
「The Group's sales are subject to seasonal fluctuations because, in its main facilities construction business, construction completion and delivery are concentrated in the fourth quarter of the consolidated fiscal year, resulting in significantly higher sales in the fourth quarter than in the first through third quarters.」
It continues to disclose seasonal fluctuations in sales resulting from the concentration of facilities construction completion and delivery in the fourth quarter. - FY2018-Q2RestatedAnnual report
「The Group's sales are subject to seasonal fluctuations because, in its main facilities construction business, construction completion and delivery are concentrated in the fourth quarter of the consolidated fiscal year, resulting in significantly higher sales in the fourth quarter than in the first through third quarters.」
It continues to disclose seasonal fluctuations in sales resulting from the concentration of facilities construction completion and delivery in the fourth quarter. - FY2018-Q1RestatedAnnual report
「The Group's sales are subject to seasonal fluctuations because, in its main facilities construction business, construction completion and delivery are concentrated in the fourth quarter of the consolidated fiscal year, resulting in significantly higher sales in the fourth quarter than in the first through third quarters.」
It continues to disclose seasonal fluctuations in sales resulting from the concentration of facilities construction completion and delivery in the fourth quarter. - FY2017-Q3RestatedAnnual report
「The Group's sales are subject to seasonal fluctuations because, in its main facilities construction business, construction completion and delivery are concentrated in the fourth quarter of the consolidated fiscal year, resulting in significantly higher sales in the fourth quarter than in the first through third quarters.」
It continues to disclose seasonal fluctuations in sales resulting from the concentration of facilities construction completion and delivery in the fourth quarter. - FY2017-Q2RestatedAnnual report
「The Group's sales are subject to seasonal fluctuations because, in its main facilities construction business, construction completion and delivery are concentrated in the fourth quarter of the consolidated fiscal year, resulting in significantly higher sales in the fourth quarter than in the first through third quarters.」
It continues to disclose seasonal fluctuations in sales resulting from the concentration of facilities construction completion and delivery in the fourth quarter. - FY2017-Q1RestatedAnnual report
「The Group's main business, its facilities construction business, particularly air-conditioning systems construction, is subject to seasonal fluctuations, with profit weighted toward the fourth quarter of the consolidated fiscal year because construction completion and delivery are concentrated in that quarter as part of the normal operating cycle, while fixed costs such as selling, general and administrative expenses are incurred on a largely consistent basis.」
It continues to explicitly identify seasonal fluctuations in business performance resulting from the concentration of construction completion and delivery in the fourth quarter. - FY2016First statedAnnual report
「The Group's sales and profits are subject to seasonal fluctuations, with sales and profits weighted toward the second half of the consolidated fiscal year because, as part of its normal operating cycle, construction completions are concentrated in the second half.」
It identifies the seasonality of sales and profits resulting from the structural concentration of construction completions in the second half as a risk.