Seasonality in performance due to year-end handovers in the housing and brokerage businesses and the winter concentration of wellness activities
First written in FY2017-Q1. 7 of 8 entries say "Restated". Latest entry: FY2024-Q1.
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- FY2024-Q1RestatedAnnual report
「Property handovers tend to be concentrated at the end of the fiscal year in housing development and other businesses within the Urban Development business, while ski resorts are operated during the winter in the Property Management and Operations business. Accordingly, revenue for the first quarter of the consolidated fiscal year is normally lower than revenue for the fourth quarter of the consolidated fiscal year.」
The company has again confirmed the first-quarter seasonality resulting from year-end concentration of housing development handovers and winter ski resort operations. - FY2022-Q1RestatedAnnual report
「Property handovers tend to be concentrated at the end of the fiscal year in housing development and other businesses within the Urban Development business, while ski resorts are operated during the winter in the Property Management and Operations business. Accordingly, revenue for the first quarter of the consolidated fiscal year is normally lower than revenue for the fourth quarter of the consolidated fiscal year.」
The company has again confirmed the first-quarter seasonality resulting from year-end concentration of housing development handovers and winter ski resort operations in the Property Management and Operations business. - FY2021-Q1RestatedAnnual report
「Property handovers tend to be concentrated at the end of the fiscal year in the Housing and other business segments, while the Wellness business segment operates ski resorts during the winter. Accordingly, revenue for the first quarter of the consolidated fiscal year is normally lower than revenue for the fourth quarter of the consolidated fiscal year.」
The company has again confirmed the first-quarter seasonality resulting from property handovers in Housing and other businesses being concentrated at the end of the fiscal year and the Wellness business operating ski resorts during the winter. - FY2020-Q3RestatedAnnual report
「The progress rate against the full-year forecast is low because sales of office buildings for investors and other properties in the Urban business segment, handovers of condominiums in the Housing business segment, and property sales in the Wellness business segment are scheduled for the fourth quarter. However, we believe that performance for the current fiscal year is progressing steadily against the full-year forecast.」
The company has again confirmed the seasonality of sales of office buildings for investors and other properties, condominium handovers, and Wellness property sales being concentrated in the fourth quarter. - FY2020-Q1RestatedAnnual report
「The progress rate against the full-year forecast is low because property handovers are expected to be concentrated in the fourth quarter in the Housing and other business segments. However, we believe that performance for the current fiscal year is progressing steadily against the full-year forecast.」
The company has again confirmed the seasonality that makes the first-quarter progress rate low because property handovers in Housing and other businesses are concentrated in the fourth quarter, while stating that performance is progressing steadily against the full-year forecast. - FY2018-Q1RestatedAnnual report
「Property handovers tend to be concentrated at the end of the fiscal year in the Brokerage and other business segments, while the Wellness business segment operates ski resorts during the winter. Accordingly, revenue for the first quarter of the consolidated fiscal year is normally lower than revenue for the fourth quarter of the consolidated fiscal year.」
The company has again confirmed the first-quarter seasonality resulting from property handovers in the Brokerage and other businesses being concentrated at the end of the fiscal year and the Wellness business operating ski resorts during the winter. - FY2017-Q3RestatedAnnual report
「Because the full-year plan assumes that condominium handovers will be concentrated in the fourth quarter of the consolidated fiscal year, revenue for the nine-month period of the third quarter of the current consolidated fiscal year was limited to ¥38.6 billion, resulting in an operating loss.」
The housing business has again confirmed the seasonality of property handovers being concentrated in the fourth quarter. - FY2017-Q1First statedAnnual report
「The progress rate against the full-year forecast is low because property handovers tend to be concentrated at the end of the fiscal year in the Housing and Brokerage business segments and because the Wellness business segment operates ski resorts during the winter. However, performance for the current fiscal year is progressing steadily against the full-year forecast.」
Property handovers in the Housing and Brokerage businesses are concentrated at the end of the fiscal year, while the Wellness business operates ski resorts during the winter, resulting in a structurally low first-quarter progress rate against the full-year forecast.