Risk of demand concentration in winter and the third quarter

「Because demand for many of the products handled by the Group is seasonal, concentrated in winter, with some products entering their peak season around the year-end and New Year holidays, the recognition of revenue and profit is weighted toward the second half, particularly the third quarter. The Group has long sought to smooth this seasonality by developing products for the summer season and through other measures, but these efforts have yet to produce significant results. If an unexpected natural disaster, incident or other event were to occur during the demand or peak season, resulting in an inability to secure sufficient demand, the Group's financial position and operating results could be affected through the impact on its performance for the full fiscal year.」