Seasonal fluctuations in revenue and operating expenses arising from the timing of handover of completed construction projects
First written in FY2017-Q1. 4 of 8 entries say "Dropped", first in FY2017. Latest entry: FY2020-Q1.
2 other companies' latest entry also says "Dropped".
- FY2020-Q1DroppedAnnual reportThe first-quarter report contains no specific mention of the concentration of delivery timing or seasonal fluctuations arising from the percentage-of-completion method.
- FY2019-Q3DroppedAnnual reportThe third-quarter report contains no specific mention of the concentration of delivery timing or seasonal fluctuations arising from the percentage-of-completion method.
- FY2019-Q2DroppedAnnual reportThe second-quarter report contains no specific mention of the concentration of delivery timing or seasonal fluctuations arising from the percentage-of-completion method.
- FY2019-Q1Seasonality description reintroducedAnnual report
「Revenue and operating expenses for the cumulative first quarter tend to be relatively low because deliveries of completed construction projects, which account for most of the revenue, tend to be concentrated in the second and fourth quarters.」
It again describes the seasonal pattern whereby first-quarter revenue and operating expenses are relatively low because deliveries of completed construction projects are concentrated in the second and fourth quarters. - FY2018-Q1Seasonality description reintroducedAnnual report
「Revenue and operating expenses for the cumulative first quarter tend to be relatively low because deliveries of completed construction projects, which account for most of the revenue, tend to be concentrated in the second and fourth quarters.」
The first-quarter report again describes seasonal fluctuations due to the timing of deliveries of completed construction projects, which were not specifically mentioned in the full-year report. - FY2017DroppedAnnual report
「During the current consolidated fiscal year, Japan's economy continued on a moderate recovery trend overall, with corporate earnings improving, although recovery in consumption lagged behind improvements in employment and income conditions in some respects.」
The full-year filing contains no specific mention of the concentration of delivery timing or seasonal fluctuations arising from the percentage-of-completion method that was described in the quarterly report. - FY2017-Q3Mitigation of seasonal fluctuations through increased revenue recognised using the percentage-of-completion methodAnnual report
「Revenue and operating expenses tend to be relatively low because deliveries of completed construction projects, which account for most of the Group's revenue, tend to be concentrated in the second and fourth quarters. However, revenue and operating expenses increased in the third quarter of the previous fiscal year and the third quarter of the current fiscal year because revenue recognised using the percentage-of-completion method increased due to a higher construction progress rate and other factors.」
While the pattern of deliveries being concentrated in the second and fourth quarters remains unchanged, the filing describes an increase in third-quarter revenue recognised using the percentage-of-completion method due to a higher construction progress rate and other factors. - FY2017-Q1First statedAnnual report
「Revenue and operating expenses for the cumulative first quarter are relatively low because deliveries of completed construction projects, which account for most of the Group's revenue, tend to be concentrated in the second and fourth quarters.」
For the first time, it describes the pattern whereby first-quarter revenue and operating expenses are relatively low because deliveries of completed construction projects are concentrated in the second and fourth quarters.