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Bike O & Company (3377) · RiskMitigated

First-Quarter Deficit Due to Seasonality in Motorcycle Demand

First written in FY2019-Q1. 4 of 5 entries say "Mitigated", first in FY2020-Q1. Latest entry: FY2021-Q1.

5entries
3years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2019-Q1MitigatedFY2020-Q1 – FY2021-Q12019: 120192020: 220202021: 22021
Same theme, other companies
Performance fluctuations due to product seasonality and differences between actual and forecast weatherA theme 50 companies write about · 48 as a headwind · 3 as a tailwind

The whole theme swung hardest in 2019: 20 of 42 companies on the "Worse" side.

1 other company's latest entry also says "Mitigated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 50 companies compared. The sentences above are computed from all 50.
Full recordFilings, disclosures and news, newest first
  1. FY2021-Q1MitigatedAnnual report

    「As a result, the company eliminated the first-quarter deficit caused by lower motorcycle demand during the off-season, which had been a challenge.」

    Although the seasonal decline in demand during the off-season remains, no first-quarter deficit occurred, reducing the impact of this risk on performance.
  2. FY2020MitigatedAnnual report

    「Looking at the trend, first-quarter performance (December-February) was strong compared with the prior-year period, while」

    Although the seasonal risk of lower winter demand remains, it states that first-quarter performance was strong compared with the prior-year period.
  3. FY2020-Q3MitigatedAnnual report

    「Looking at the trend, first-quarter performance (December-February) was strong compared with the prior-year period, while」

    Regarding the seasonal risk of lower demand in the first quarter due to lower winter demand, it states that performance in the current first quarter was strong compared with the prior-year period.
  4. FY2020-Q1MitigatedAnnual report

    「The first-quarter cumulative period traditionally falls during winter, the off-season for motorcycles, when demand declines and the company reports a loss, and we regard eliminating this loss as a major challenge.」

    The first-quarter deficit caused by lower winter demand recurred this time, but the ordinary loss narrowed from ¥278.600 million in the prior-year period to ¥150.356 million.
  5. FY2019-Q1First statedAnnual report

    「The first quarter falls during winter, the off-season for motorcycles, when demand declines, and the company traditionally reports a loss,」

    It explicitly identifies lower demand during the winter off-season and the seasonal pattern of recurring first-quarter losses as new risks and challenges.
Moved together

"Expanding retail sales channels" moved the same way as this thread, in the same document, in 4 of its 5 moves.

444444★123456
  1. ★This thread
  2. 1Expanding retail sales channels4×
  3. 2Improving unit prices and gross profit in the motorcycle retail business4×
  4. 3Sustainable Growth Focused on Revenue and Ordinary Profit4×
  5. 4Company-wide revenue decline and return to losses4×
  6. 5Maximizing the use of vehicle procurement4×
  7. 6Decline in performance of the motorcycle purchasing business4×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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First-Quarter Deficit Due to Seasonality in Motorcycle Demand | BIKE O & COMPANY Ltd. (3377) | Komori