Seasonality and Supply-and-Demand Fluctuations in Job Advertising Revenue, and High Fixed-Cost Burden
First written in FY2016. 6 of 7 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2020: 7 of 20 companies on the "Worse" side.
8 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Advertising fee revenue from HR solutions-related information tends to be affected by recruitment trends in each prefecture and by seasonal fluctuations.」
The company continues to identify the risk that recruitment advertising fee revenue will be affected by local recruitment trends and seasonal fluctuations. - FY2023RestatedAnnual report
「Because the group’s HR solutions-related information has a relatively high fixed-cost ratio, profits may increase substantially when advertising fee revenue is growing. Conversely, when revenue is declining, profits may deteriorate substantially because the company may be unable to cover fixed costs such as personnel expenses.」
The company continues to identify the risk that fluctuations in recruitment advertising revenue will affect profit through the burden of high fixed costs. - FY2022RestatedAnnual report
「Advertising fee revenue from recruitment-related information tends to be affected by recruitment trends in each prefecture and by seasonal fluctuations. The main seasonal factors driving increases are the period from September to November before the year-end shopping season and the period from February to April around the change of the fiscal year, with revenue tending to dip between these periods.」
The company continues to identify the risk of earnings volatility due to regional and seasonal fluctuations in recruitment advertising revenue. The risk that the fixed-cost burden will affect profit is also noted. - FY2019RestatedAnnual report
「Advertising fee revenue from recruitment magazines tends to be affected by recruitment trends in each prefecture and by seasonal fluctuations. The main seasonal factors driving increases are the period from September to November before the year-end shopping season and the period from February to April around the change of the fiscal year, with revenue tending to dip between these periods.」
The company continues to describe regional and seasonal fluctuations in recruitment advertising revenue and the risk of profit volatility due to high fixed costs, as before. - FY2018RestatedAnnual report
「Because recruitment-related information has a relatively high fixed-cost ratio, profits may increase substantially when advertising fee revenue is growing. Conversely, when revenue is declining, profits may deteriorate substantially because the company may be unable to cover fixed costs such as personnel expenses.」
The company reiterates the risk that seasonality and fluctuations in recruitment advertising revenue, together with the burden of high fixed costs, will have a significant impact on profit. - FY2017RestatedAnnual report
「Because recruitment-related information has a relatively high fixed-cost ratio, profits may increase substantially when advertising fee revenue is growing. Conversely, when revenue is declining, profits may deteriorate substantially because the company may be unable to cover fixed costs such as personnel expenses.」
The company reiterates the risk that seasonality and supply-demand fluctuations in recruitment advertising revenue will affect profit through the burden of high fixed costs. - FY2016First statedAnnual report
「Because recruitment-related information has a relatively high fixed-cost ratio, profits may increase substantially when advertising fee revenue is growing. Conversely, when revenue is declining, profits may deteriorate substantially because the company may be unable to cover fixed costs such as personnel expenses.」
The company identifies the high fixed-cost ratio as a risk because fluctuations in recruitment advertising revenue have a significant impact on profit. The effects of supply and demand in the recruitment market and seasonal fluctuations are also noted.