Seasonal fluctuations caused by the concentration of project completions
First written in FY2016. 24 of 25 entries say "Materialised", first in FY2017-Q1. Latest entry: 2026-11-12.
Kyowanissei moved to the "Worse" side of this theme in 2016.
0 other companies' latest entry also says "Materialised".
- FY2025MaterialisedAnnual report
「Although orders for plumbing and sanitary installation work related to multi-unit housing and other properties are expected to remain solid, progress on long-duration projects has been sluggish, and because there are concerns that construction delays may occur going forward, we will strengthen schedule management.」
Sluggish progress on long-duration projects and concerns about construction delays were noted, and risks related to concentration and delays in completion timing continue. - FY2024-Q3MaterialisedAnnual report
「However, although orders for hot-water supply and heating work for multi-unit housing remained solid, third-quarter completions declined because of delays in building construction. In addition, the number of large-scale GHP projects declined, resulting in net sales of ¥3,886 million, down 4.1% year on year.」
Third-quarter completions declined because of delays in building construction, while the decline in large-scale GHP projects also contributed to a 4.1% year-on-year decrease in net sales in the building equipment business. The delay in construction completion timing also occurred in the current quarter. - FY2024-Q1MaterialisedAnnual report
「Although orders for GHP (gas heat pump air-conditioning) work remained solid, first-quarter completions declined because many projects were scheduled for completion in the second quarter or later.」
While orders for GHP work remained solid, completion was pushed back to the second quarter or later, resulting in a seasonal concentration of completion timing and a decline in first-quarter revenue from completed construction work. - FY2023-Q3MaterialisedAnnual report
「Although orders under the capital investment plan of Tokyo Gas Network Co., Ltd. remained solid, many projects were completed in the fourth quarter or later.」
While orders remained solid, many projects were completed in the fourth quarter or later, and the concentration of completions in the second half of the year also occurred during the cumulative third-quarter period. - FY2023-Q2MaterialisedAnnual report
「Work under the capital investment plans of Hokkaido Gas Co., Ltd. and SHIZUOKA GAS CO.,LTD. remained solid. Although orders related to the capital investment plan of Tokyo Gas Network Co., Ltd. also remained solid, many projects were completed in the third quarter or later, resulting in fewer completions in the second quarter and net sales of ¥7,819 million, down 1.1% year on year.」
Although orders for Tokyo Gas Network-related work remained solid, completion was pushed back to the third quarter or later, resulting in fewer second-quarter completions and a 1.1% year-on-year decline in net sales. - FY2022-Q3MaterialisedAnnual report
「Although orders for plumbing and sanitary installation work for new buildings and work related to the capital investment plans of major customer Tokyo Gas Co., Ltd. remained solid, many projects were completed in the fourth quarter or later.」
While orders remained solid, many projects were completed in the fourth quarter or later, and the delay in completion timing and seasonal concentration of sales also occurred during the cumulative third-quarter period. - FY2022-Q2MaterialisedAnnual report
「However, although orders for new gas equipment installation work and TES work for detached houses, as well as water utility-related work, remained solid, many projects were completed in the third quarter or later.」
While orders remained solid, projects were delayed until the third quarter or later during the cumulative second-quarter period as well. - FY2022-Q1MaterialisedAnnual report
「In GHP construction, although orders remained strong, many projects were completed in the second quarter or later.」
While orders remained strong, the concentration of project completions in the second quarter and beyond also occurred in the current quarter. - FY2021-Q3MaterialisedAnnual report
「Although orders for hot-water supply and heating work for multi-unit housing remained firm, many projects were completed in the fourth quarter or later. In addition, due to the spread of COVID-19, renovation work requiring access to individual homes had to be suspended.」
Although orders remained firm, the timing of completion was actually delayed until the fourth quarter or later on an ongoing basis. - FY2021-Q2MaterialisedAnnual report
「In underground pipeline construction associated with the capital investment plan of Tokyo Electric Power Grid, Inc., orders remained firm, but delays in construction progress resulted in many projects being completed in the third quarter or later.」
Although orders remained firm, delays in construction progress actually caused completion timing to be pushed back to the third quarter or later during the six months ended the second quarter. - FY2020MaterialisedAnnual report
「Labor shortages caused delays in construction schedules, resulting in many projects being completed in the following fiscal year or later.」
Construction schedule delays resulted in project completions being carried over to the following fiscal year or later, and seasonal concentration in completion timing and its impact on performance actually occurred. - FY2020-Q1MaterialisedAnnual report
「However, although orders under the capital investment plan of Tokyo Gas Co., Ltd., our major business partner, and orders for new gas equipment construction remained firm, many projects were completed in the second quarter or later.」
Although orders remained firm, the timing of completion was delayed until the second quarter or later for many projects, including in the current quarter. - FY2019MaterialisedAnnual report
「Although orders for multi-unit housing hot-water supply and heating work in new gas equipment construction were secured steadily, many projects were completed in the following fiscal year or later.」
Although orders were secured, completions were actually delayed until the following fiscal year or later over the full fiscal year. - FY2019-Q3MaterialisedAnnual report
「Many projects involving plumbing and sanitary equipment work for newly built properties and underground pipeline construction associated with the capital investment plan of Tokyo Electric Power Grid, Inc. were completed in the fourth quarter or later.」
Although orders remained firm, the completion timing of several projects was delayed until the fourth quarter or later, resulting in cumulative sales actually declining 3.7% year on year. - FY2019-Q2MaterialisedAnnual report
「However, because many projects under the capital investment plan of Tokyo Gas Co., Ltd., our major business partner, were completed in the third quarter or later, sales for the six months ended the second quarter were ¥14,526 million, down 9.1% year on year.」
Although orders remained firm, many projects were completed in the third quarter or later, resulting in an actual delay in completion timing and a decline in sales in the second quarter as well. - FY2019-Q1MaterialisedAnnual report
「However, although orders generated by the capital investment plans of our major customer, Tokyo Gas Co., Ltd., remained firm, many projects were completed in or after the second quarter.」
Although orders remained firm, many projects were completed in the second quarter or later, and performance fluctuations caused by the concentration of completions in the second half of the fiscal year also occurred in the current quarter. - FY2018-Q2MaterialisedAnnual report
「Although orders for new gas equipment construction and irrigation construction at golf courses and other sites, namely landscaping and irrigation equipment construction, remained firm, many projects were completed in the third quarter or later.」
Although orders remained firm, project completions were actually delayed until the third quarter or later. - FY2018-Q1MaterialisedAnnual report
「Although orders for new gas equipment construction and renovation work, including wastewater pipe lining, remained firm, many projects were completed in the second quarter or later.」
Although orders remained firm, the timing of completion was actually delayed, with many projects completed in the second quarter or later. - FY2017MaterialisedAnnual report
「Delays in the progress of difficult construction projects in central urban areas resulted in many projects being completed in the following fiscal year or later.」
Delays in the progress of difficult construction projects actually resulted in project completions being carried over to the following fiscal year or later. - FY2017-Q3MaterialisedAnnual report
「The order environment for new gas equipment construction remained favorable and orders were secured steadily. However, many projects involving hot-water supply and heating work for multi-unit housing and GHP construction were not completed in the third quarter because of the construction schedules for the buildings.」
The impact of building construction schedules actually resulted in many projects not being completed in the third quarter, delaying the timing of completion. - FY2017-Q2MaterialisedAnnual report
「In addition to the small number of projects carried over from the previous fiscal year, delays caused by poor weather from the summer onward resulted in many projects being completed in the third quarter or later.」
The small number of carryover projects and construction delays caused by poor weather actually resulted in project completions being concentrated in the third quarter and later. - FY2017-Q1MaterialisedAnnual report
「Many projects, including those carried over from the previous fiscal year, were scheduled for completion in the second quarter or later and had not been completed in the first quarter.」
Although orders related to Tokyo Gas increased significantly because completions were weighted toward the second half of the fiscal year, the resulting failure of these projects to contribute to completed construction revenue in the first quarter actually occurred. - FY2016First statedAnnual report
「Because project completions are concentrated in the second half of the fiscal year, there are significant differences in completed construction revenue between the first and second halves, resulting in seasonal fluctuations in performance.」
Risk of performance fluctuations attributable to the timing of project completions.