Real Estate Industry’s Heavy Concentration of Revenue Recognition in the Fourth Quarter
First written in FY2017-Q3. 17 of 18 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2026: 11 of 27 companies on the "Worse" side.
19 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「Operating revenue from the subdivision and construction businesses tends to be recognized disproportionately in the fourth-quarter consolidated accounting period, resulting in seasonal fluctuations in which the amount recognized in the interim consolidated accounting period is relatively small.」
The disclosure continues to cite the seasonality of operating revenue in the subdivision and construction businesses being concentrated in the fourth quarter. - FY2024-Q3RestatedAnnual report
「Operating revenue from the subdivision and construction businesses tends to be recognized disproportionately in the fourth-quarter consolidated accounting period, resulting in seasonal fluctuations in which the amount recognized in the third-quarter year-to-date period is relatively small.」
The disclosure continues to cite the seasonality of revenue recognition in the subdivision and construction businesses being concentrated in the fourth quarter. - FY2024-Q2RestatedAnnual report
「As part of the ordinary course of business in the real estate industry, a large proportion of our Group's operating revenue and operating expenses is generated in the fourth-quarter consolidated accounting period from sales. Consequently, operating revenue and operating expenses in the second-quarter year-to-date period are lower than from the third quarter onward, resulting in seasonal fluctuations.」
The disclosure continues to cite the seasonality of operating revenue and operating expenses in the real estate industry being concentrated in the fourth quarter. - FY2024-Q1RestatedAnnual report
「As part of the ordinary course of business in the real estate industry, a large proportion of our Group's operating revenue and operating expenses is generated in the fourth-quarter consolidated accounting period from sales. Consequently, operating revenue and operating expenses in the first-quarter consolidated accounting period are lower than in the fourth-quarter consolidated accounting period, resulting in seasonal fluctuations.」
The disclosure continues to cite the seasonality of operating revenue and operating expenses in the real estate industry being concentrated in the fourth quarter. - FY2023-Q3RestatedAnnual report
「Operating revenue from the subdivision and construction businesses tends to be recognized disproportionately in the fourth-quarter consolidated accounting period, resulting in seasonal fluctuations in which the amount recognized in the third-quarter year-to-date period is relatively small.」
The disclosure continues to cite the seasonality of revenue recognition in the subdivision and construction businesses being concentrated in the fourth quarter. - FY2023-Q2RestatedAnnual report
「As part of the ordinary course of business in the real estate industry, a large proportion of our Group's operating revenue and operating expenses is generated in the fourth-quarter consolidated accounting period from sales. Consequently, operating revenue and operating expenses in the second-quarter year-to-date period are lower than from the third quarter onward, resulting in seasonal fluctuations.」
The disclosure continues to cite the seasonality of operating revenue and operating expenses in the real estate industry being concentrated in the fourth quarter. - FY2023-Q1RestatedAnnual report
「Operating revenue from the subdivision and construction businesses tends to be recognized disproportionately in the fourth-quarter consolidated accounting period, resulting in seasonal fluctuations in which the amount recognized in the first-quarter year-to-date period is relatively small.」
The disclosure continues to cite the seasonality of operating revenue in the subdivision and construction businesses being concentrated in the fourth quarter. - FY2022-Q2RestatedAnnual report
「As part of the ordinary course of business in the real estate industry, a large proportion of our Group's operating revenue and operating expenses is generated in the fourth-quarter consolidated accounting period from sales. Consequently, operating revenue and operating expenses in the second-quarter year-to-date period are lower than from the third quarter onward, resulting in seasonal fluctuations.」
The disclosure continues to cite the seasonality of operating revenue and operating expenses in the real estate industry being concentrated in the fourth quarter. - FY2022-Q1RestatedAnnual report
「Operating revenue from the subdivision and construction businesses tends to be recognized disproportionately in the fourth-quarter consolidated accounting period, resulting in seasonal fluctuations in which the amount recognized in the first-quarter year-to-date period is relatively small.」
The disclosure continues to cite the seasonality of operating revenue in the subdivision and construction businesses being concentrated in the fourth quarter. - FY2021-Q1RestatedAnnual report
「Operating revenue from the subdivision and construction businesses tends to be recognized disproportionately in the fourth-quarter consolidated accounting period, resulting in seasonal fluctuations in which the amount recognized in the first-quarter year-to-date period is relatively small.」
The disclosure continues to cite the seasonality of revenue recognition in the subdivision and construction businesses being concentrated in the fourth quarter. - FY2020-Q3RestatedAnnual report
「Operating revenue from the subdivision and construction businesses tends to be recognized disproportionately in the fourth-quarter consolidated accounting period, resulting in seasonal fluctuations in which the amount recognized in the third-quarter year-to-date period is relatively small.」
We are reconfirming the seasonality of revenue recognition in the subdivision and construction businesses being concentrated in the fourth quarter. - FY2020-Q1RestatedAnnual report
「Operating revenue from the subdivision and construction businesses tends to be recognized disproportionately in the fourth-quarter consolidated accounting period, resulting in seasonal fluctuations in which the amount recognized in the first-quarter year-to-date period is relatively small.」
We are reconfirming the seasonality of revenue recognition in the subdivision and construction businesses being concentrated in the fourth quarter. - FY2019-Q3RestatedAnnual report
「Operating revenue from the subdivision and construction businesses tends to be recognized disproportionately in the fourth-quarter consolidated accounting period, resulting in seasonal fluctuations in which the amount recognized in the third-quarter year-to-date period is relatively small.」
We are reconfirming the seasonality of revenue recognition in the subdivision and construction businesses being concentrated in the fourth quarter. - FY2019-Q1RestatedAnnual report
「Operating revenue from the subdivision and construction businesses tends to be recognized disproportionately in the fourth-quarter consolidated accounting period, resulting in seasonal fluctuations in which the amount recognized in the first-quarter year-to-date period is relatively small.」
We are reconfirming the seasonality of revenue recognition in the subdivision and construction businesses being concentrated in the fourth quarter. - FY2018-Q3RestatedAnnual report
「Operating revenue from the subdivision and construction businesses tends to be recognized disproportionately in the fourth-quarter consolidated accounting period, resulting in seasonal fluctuations in which the amount recognized in the third-quarter year-to-date period is relatively small.」
We are reconfirming the seasonality of revenue recognition in the subdivision and construction businesses being concentrated in the fourth quarter. - FY2018-Q2RestatedAnnual report
「Operating revenue from the subdivision and construction businesses tends to be recognized disproportionately in the fourth-quarter consolidated accounting period, resulting in seasonal fluctuations in which the amount recognized in the second-quarter year-to-date period is relatively small.」
We are reconfirming the seasonality of revenue recognition in the subdivision and construction businesses being concentrated in the fourth quarter. - FY2018-Q1RestatedAnnual report
「Operating revenue from the subdivision and construction businesses tends to be recognized disproportionately in the fourth-quarter consolidated accounting period, resulting in seasonal fluctuations in which the amount recognized in the first-quarter year-to-date period is relatively small.」
We are reconfirming the seasonality of real estate revenue recognition being concentrated in the fourth quarter. - FY2017-Q3First statedAnnual report
「As part of the ordinary course of business in the real estate industry, a large proportion of our Group's operating revenue and operating expenses is generated in the fourth-quarter consolidated accounting period from sales. Product sales revenue and operating expenses in the first, second and third quarterly consolidated accounting periods are lower than in the fourth-quarter consolidated accounting period, resulting in seasonal fluctuations.」
The disclosure describes as a structural fact the seasonality of product sales revenue and operating expenses in the real estate industry being concentrated in the fourth quarter.