Seasonal fluctuations in revenue associated with relocation demand
First written in FY2016. 2 of 3 entries say "Restated". Latest entry: FY2020.
2 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「The Group's revenue tends to be concentrated in the third quarter, particularly March, when demand for relocations is high due to university graduates joining companies and personnel transfers around the end of March and beginning of April, in line with customary practice in Japan, as well as advancement to higher education.」
Reiterates the seasonality of sales, which are concentrated in the third quarter, particularly in March, and the risk that changes in customary practices could spread relocation demand across periods. - FY2017RestatedAnnual report
「The Group's revenue tends to be concentrated in the third quarter, particularly March, when demand for relocations is high due to university graduates joining companies and personnel transfers around the end of March and beginning of April, in line with customary practice in Japan, as well as advancement to higher education.」
Reiterates the seasonality of relocation demand, which is concentrated in the third quarter, particularly in March. - FY2016First statedAnnual report
「The Group's revenue tends to be concentrated in the third quarter, particularly March, when demand for relocations is high due to university graduates joining companies and personnel transfers around the end of March and beginning of April, in line with customary practice in Japan, as well as advancement to higher education.」
Identifies fluctuations in results as a risk because relocation demand is concentrated in the third quarter, particularly in March.