Concentration of deliveries in September and March and front-loaded beginning-of-period expenses
First written in FY2016. 6 of 10 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 10 of 32 companies on the "Worse" side.
9 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Although the trend is improving due to changes in the revenue mix, including the expansion of DX areas, revenue tends to be higher in September and March, the ends of the second quarter and fiscal year, because deliveries are concentrated during these months as a result of the impact of commissioned work such as website production and advertising agency services for clients.」
It states that seasonality is improving with the expansion of the DX business, while the concentration of deliveries in September and March continues. - 2026-05-14MitigatedEarnings
「Although the trend is improving due to changes in the revenue mix, including the expansion of DX areas, revenue tends to be higher in September and March, the ends of the second quarter and fiscal year, because deliveries are concentrated during these months as a result of the impact of commissioned work such as website production and advertising agency services for clients.」
Explained that seasonality is improving as DX expands, while deliveries remain concentrated at period ends. - FY2025MitigatedAnnual report
「Although our business characteristics create seasonality, with revenue and profit increasing in the second and fourth quarters, seasonality across quarters has been moderating as the proportion of services providing personnel to support customers' in-house DX projects has increased.」
It reports that the traditional concentration of revenue and profit in September and March is being moderated as services supporting the in-house development of DX projects have increased. - FY2022-Q2RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the second quarter. In addition, there were no material changes to the business and other risks described in the annual securities report for the preceding fiscal year.」
It states that there has been no new occurrence or material change regarding the seasonality risk caused by the concentration of deliveries in September and March and front-loaded costs at the beginning of the fiscal year. - FY2020-Q3RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the third quarter. In addition, there were no material changes to the business and other risks described in the annual securities report for the preceding fiscal year.」
It states that there has been no new occurrence or material change regarding the seasonality risk caused by the concentration of deliveries in September and March and front-loaded costs at the beginning of the fiscal year. - FY2020-Q2RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the second quarter. In addition, there were no material changes to the business and other risks described in the annual securities report for the preceding fiscal year.」
It states that there has been no new occurrence or material change regarding the seasonality risk caused by the concentration of deliveries in September and March and front-loaded costs at the beginning of the fiscal year. - FY2020-Q1RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the first quarter. In addition, there were no material changes to the business and other risks described in the annual securities report for the preceding fiscal year.」
It states that, regarding the seasonality risk caused by the concentration of deliveries in September and March and front-loaded costs at the beginning of the fiscal year, there has been no new occurrence or material change during the current quarter. - FY2018RestatedAnnual report
「Because our group primarily provides commissioned services, such as website production and advertising agency services, deliveries tend to be concentrated in September, the end of the second quarter, and March, the end of the fiscal year, resulting in higher revenue. In addition, we systematically hire and train a large number of new graduates to secure highly skilled web personnel, causing selling, general and administrative expenses to tend to rise ahead of revenue at the beginning of the fiscal year.」
It reconfirms the seasonality caused by the concentration of deliveries in September and March and the front-loading of hiring and training costs for new graduates at the beginning of the fiscal year. - FY2017RestatedAnnual report
「Because our group primarily provides commissioned services, such as website production and advertising agency services, deliveries tend to be concentrated in September, the end of the second quarter, and March, the end of the fiscal year, resulting in higher revenue.」
It reiterates the seasonality of revenue and profit due to the concentration of deliveries in September and March and the hiring and training costs for new graduates at the beginning of the fiscal year. - FY2016First statedAnnual report
「Because our group primarily provides commissioned services, such as website production and advertising agency services, deliveries tend to be concentrated in September, the end of the second quarter, and March, the end of the fiscal year, resulting in higher revenue.」
It states that the timing of deliveries for commissioned services and the costs of hiring and training new graduates create seasonality in revenue and profit.