Seasonal fluctuations in performance due to spring peak demand
First written in FY2017-Q1. 33 of 34 entries say "Restated". Latest entry: FY2027-H1.
The whole theme swung hardest in 2022: 1 of 6 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「Bicycles and bicycle-related products, the company’s main products, see their strongest demand during the spring enrollment and hiring season, so first-half net sales tend to exceed those in the second half. In contrast, because the fixed-cost ratio is almost constant between the first and second halves, operating profit tends to be weighted toward the first half.」
The company continues to explain that spring is the peak demand season and that net sales and operating income are concentrated in the first half. - FY2026-H1RestatedAnnual report
「Bicycles and bicycle-related products, the company’s main products, see their strongest demand during the spring enrollment and hiring season, so first-half net sales tend to exceed those in the second half. In contrast, because the fixed-cost ratio is almost constant between the first and second halves, operating profit tends to be weighted toward the first half.」
It continues to explain the seasonality whereby the spring enrollment and hiring season is the peak demand period and revenue and operating profit are concentrated in the first half. - FY2025RestatedAnnual report
「Bicycles and bicycle-related products, the company’s main products, see their strongest demand during the spring enrollment and hiring season, so first-half net sales tend to exceed those in the second half. In contrast, because the fixed-cost ratio is almost constant between the first and second halves, operating profit tends to be weighted toward the first half.」
The company continues to explain that spring is the peak demand season and that net sales and operating income are concentrated in the first half. - FY2025-H1RestatedAnnual report
「Bicycles and bicycle-related products, the company’s main products, see their strongest demand during the spring enrollment and hiring season, so first-half net sales tend to exceed those in the second half. In contrast, because the fixed-cost ratio is almost constant between the first and second halves, operating profit tends to be weighted toward the first half.」
It continues to explain the seasonality whereby the spring enrollment and hiring season is the peak demand period and revenue and operating profit are concentrated in the first half. - FY2025-Q1RestatedAnnual report
「Bicycles and bicycle-related products, the company’s main products, see their strongest demand during the spring enrollment and hiring season, so first-half net sales tend to exceed those in the second half. In contrast, because the fixed-cost ratio is almost constant between the first and second halves, operating profit tends to be weighted toward the first half.」
The company continues to explain that its peak demand season is the spring enrollment and hiring season, resulting in seasonality with sales and operating profit weighted toward the first half. - FY2024RestatedAnnual report
「Because bicycles and bicycle-related products, the company's main products, are in highest demand during the spring enrollment and hiring season, sales in the first half tend to exceed those in the second half. However, because fixed costs are distributed in nearly equal proportions between the first and second halves, operating profit tends to be weighted toward the first half.」
The company continues to explain the seasonality of revenue and operating profit being concentrated in the first half, with spring as the peak demand season. - FY2024-Q3RestatedAnnual report
「Bicycles and bicycle-related products, the company’s main products, see their strongest demand during the spring enrollment and hiring season, so first-half net sales tend to exceed those in the second half. In contrast, because the fixed-cost ratio is almost constant between the first and second halves, operating profit tends to be weighted toward the first half.」
It continues to explain the seasonality whereby spring is the peak demand period and revenue and operating profit are concentrated in the first half. - FY2024-Q2RestatedAnnual report
「Bicycles and bicycle-related products, the company’s main products, see their strongest demand during the spring enrollment and hiring season, so first-half net sales tend to exceed those in the second half. In contrast, because the fixed-cost ratio is almost constant between the first and second halves, operating profit tends to be weighted toward the first half.」
It continues to explain the seasonality whereby spring is the peak demand period and revenue and operating profit are concentrated in the first half. - FY2024-Q1RestatedAnnual report
「Bicycles and bicycle-related products, the company’s main products, see their strongest demand during the spring enrollment and hiring season, so first-half net sales tend to exceed those in the second half. In contrast, because the fixed-cost ratio is almost constant between the first and second halves, operating profit tends to be weighted toward the first half.」
It continues to explain the seasonality whereby spring is the peak demand period and revenue and operating profit are concentrated in the first half. - FY2023RestatedAnnual report
「Because bicycles and bicycle-related products, the company's main products, are in highest demand during the spring enrollment and hiring season, sales in the first half tend to exceed those in the second half. However, because fixed costs are distributed in nearly equal proportions between the first and second halves, operating profit tends to be weighted toward the first half.」
It continues to explain the seasonality whereby spring is the peak demand period and revenue and operating profit are concentrated in the first half. - FY2023-Q3RestatedAnnual report
「Bicycles and bicycle-related products, the company’s main products, see their strongest demand during the spring enrollment and hiring season, so first-half net sales tend to exceed those in the second half. In contrast, because the fixed-cost ratio is almost constant between the first and second halves, operating profit tends to be weighted toward the first half.」
It continues to explain the seasonality whereby spring is the peak demand period and revenue and operating profit are concentrated in the first half. - FY2023-Q1RestatedAnnual report
「Bicycles and bicycle-related products, the company’s main products, see their strongest demand during the spring enrollment and hiring season, so first-half net sales tend to exceed those in the second half. In contrast, because the fixed-cost ratio is almost constant between the first and second halves, operating profit tends to be weighted toward the first half.」
The company continues to explain that sales and operating profit are seasonally concentrated in the first half, with spring being the peak demand season. - FY2022-Q3RestatedAnnual report
「*1 Because sales peak in spring, when the enrollment and hiring seasons overlap, net sales in the first-quarter accounting period are higher than in the other quarterly accounting periods, resulting in seasonal fluctuations in performance.」
The Company continues to explain in its notes the seasonal fluctuations in net sales, with spring representing the peak demand season. - FY2022-Q2RestatedAnnual report
「*1 Because sales peak in spring, when the enrollment and hiring seasons overlap, net sales in the first-quarter accounting period are higher than in the other quarterly accounting periods, resulting in seasonal fluctuations in performance.」
The company continues to disclose the seasonal fluctuation in revenue, with spring being the peak demand season. - FY2022-Q1RestatedAnnual report
「Note: Because spring, when the school enrollment and hiring seasons overlap, is the peak demand season for our sales, sales in the first quarter are higher than in other quarters, resulting in seasonal fluctuations in performance.」
The company continues to disclose the seasonal fluctuation in revenue, with spring being the peak demand season. - FY2021RestatedAnnual report
「Bicycles and bicycle-related products, the Company's main products, see peak demand during the spring school entrance and hiring season. As a result, first-half net sales tend to be higher than second-half net sales. Meanwhile, because the first-half and second-half shares of fixed costs are broadly consistent, operating income tends to be weighted toward the first half.」
The company continues to explain that sales and operating profit are seasonally concentrated in the first half, with spring being the peak demand season. - FY2021-Q3RestatedAnnual report
「*1 Because sales peak in spring, when the enrollment and hiring seasons overlap, net sales in the first-quarter accounting period are higher than in the other quarterly accounting periods, resulting in seasonal fluctuations in performance.」
The company continues to disclose the seasonal fluctuation in revenue, with spring being the peak demand season. - FY2021-Q2RestatedAnnual report
「Note: Because spring, when the school enrollment and hiring seasons overlap, is the peak demand season for our sales, sales in the first quarter are higher than in other quarters, resulting in seasonal fluctuations in performance.」
The company continues to explain in its notes the seasonal fluctuation in revenue, with spring being the peak demand season. - FY2021-Q1RestatedAnnual report
「Note: Because spring, when the school enrollment and hiring seasons overlap, is the peak demand season for our sales, sales in the first quarter are higher than in other quarters, resulting in seasonal fluctuations in performance.」
The company continues to disclose the seasonal fluctuation in revenue, with spring being the peak demand season. - FY2020RestatedAnnual report
「The company's main products, bicycles and bicycle-related products, generally experience peak leisure demand from spring through autumn, with spring, when the school and employment entry seasons overlap, being the strongest demand period. Accordingly, sales tend to be higher in the first half than in the second half, while fixed costs are distributed almost evenly between the first and second halves, causing operating income to be weighted toward the first half.」
The company continues to explain that sales and operating profit are seasonally concentrated in the first half, with spring being the peak demand season. - FY2020-Q3RestatedAnnual report
「Because spring, when the school enrollment and hiring seasons overlap, is the peak demand period, the Company’s first-quarter accounting-period sales are higher than those in other quarters, resulting in seasonal fluctuations in operating performance.」
The company continues to explain in its notes the seasonal fluctuation in revenue, with spring being the peak demand season. - FY2020-Q2RestatedAnnual report
「Because spring, when the school enrollment and hiring seasons overlap, is the peak demand period, the Company’s first-quarter accounting-period sales are higher than those in other quarters, resulting in seasonal fluctuations in operating performance.」
The company continues to disclose seasonal fluctuations in sales, with spring as the peak demand season. - FY2019RestatedAnnual report
「The company's main products, bicycles and bicycle-related products, generally experience peak leisure demand from spring through autumn, with spring, when the school and employment entry seasons overlap, being the strongest demand period. Accordingly, sales tend to be higher in the first half than in the second half, while fixed costs are distributed almost evenly between the first and second halves, causing operating income to be weighted toward the first half.」
The company continues to explain in its full-year report that sales and operating profit are seasonally concentrated in the first half, with spring being the peak demand season. - FY2019-Q3RestatedAnnual report
「Because spring, when the school enrollment and hiring seasons overlap, is the peak demand period, the Company’s first-quarter accounting-period sales are higher than those in other quarters, resulting in seasonal fluctuations in operating performance.」
The company continues to describe in the notes the seasonal fluctuations in revenue, with spring as the peak demand season. - FY2019-Q2RestatedAnnual report
「Because spring, when the school enrollment and hiring seasons overlap, is the peak demand period, the Company’s first-quarter accounting-period sales are higher than those in other quarters, resulting in seasonal fluctuations in operating performance.」
The company continues to disclose seasonal fluctuations in sales, with spring as the peak demand season. - FY2019-Q1RestatedAnnual report
「Because spring, when the school enrollment and hiring seasons overlap, is the peak demand period, the Company’s first-quarter accounting-period sales are higher than those in other quarters, resulting in seasonal fluctuations in operating performance.」
The company continues to explain the seasonal fluctuation in revenue, with spring being the peak demand season. - FY2018RestatedAnnual report
「The company's main products, bicycles and bicycle-related products, generally experience peak leisure demand from spring through autumn, with spring, when the school and employment entry seasons overlap, being the strongest demand period. Accordingly, sales tend to be higher in the first half than in the second half, while fixed costs are distributed almost evenly between the first and second halves, causing operating income to be weighted toward the first half.」
The company continues to explain in its full-year reports that spring is the peak demand season and that net sales and operating income are concentrated in the first half. - FY2018-Q3RestatedAnnual report
「Because spring, when the school enrollment and hiring seasons overlap, is the peak demand period, the Company’s first-quarter accounting-period sales are higher than those in other quarters, resulting in seasonal fluctuations in operating performance.」
The company continues to describe in the notes the seasonal fluctuations in revenue, with spring as the peak demand season. - FY2018-Q2RestatedAnnual report
「Because spring, when the school enrollment and hiring seasons overlap, is the peak demand period, the Company’s first-quarter accounting-period sales are higher than those in other quarters, resulting in seasonal fluctuations in operating performance.」
The company continues to describe in the notes the seasonal fluctuations in revenue, with spring as the peak demand season. - FY2018-Q1RestatedAnnual report
「Because spring, when the school enrollment and hiring seasons overlap, is the peak demand period, the Company’s first-quarter accounting-period sales are higher than those in other quarters, resulting in seasonal fluctuations in operating performance.」
The company continues to disclose seasonal fluctuations in sales, with spring as the peak demand season. - FY2017RestatedAnnual report
「The company's main products, bicycles and bicycle-related products, generally experience peak leisure demand from spring through autumn, with spring, when the school and employment entry seasons overlap, being the strongest demand period. Accordingly, sales tend to be higher in the first half than in the second half, while fixed costs are distributed almost evenly between the first and second halves, causing operating income to be weighted toward the first half.」
The company details, together with full-year results tables, the seasonality whereby spring is the peak demand season and revenue and operating income are concentrated in the first half. - FY2017-Q3RestatedAnnual report
「Because spring, when the school enrollment and hiring seasons overlap, is the peak demand period, the Company’s first-quarter accounting-period sales are higher than those in other quarters, resulting in seasonal fluctuations in operating performance.」
The company continues to disclose seasonal fluctuations in sales, with spring as the peak demand season. - FY2017-Q2RestatedAnnual report
「Because spring, when the school enrollment and hiring seasons overlap, is the peak demand period, the Company’s first-quarter accounting-period sales are higher than those in other quarters, resulting in seasonal fluctuations in operating performance.」
The company continues to disclose seasonal fluctuations in sales, with spring as the peak demand season. - FY2017-Q1First statedAnnual report
「Because spring, when the school enrollment and hiring seasons overlap, is the peak demand period, the Company’s first-quarter accounting-period sales are higher than those in other quarters, resulting in seasonal fluctuations in operating performance.」
The Company describes the seasonality of revenue, with spring as the peak demand season, as a structural fact.