Earnings fluctuations caused by the concentration of large equipment project deliveries at the fiscal year-end
First written in FY2016. 3 of 8 entries say "Mitigated", first in FY2022. Latest entry: FY2026.
The whole theme swung hardest in 2020: 10 of 32 companies on the "Worse" side.
9 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Fiscal year ending March 2026 Fourth quarter Net sales (¥ thousands) 22,542,754 Sales mix (%) 29.5」
The fourth-quarter sales mix fell from 32.6% in the previous fiscal year to 29.5%, reducing the concentration of sales at the fiscal year-end compared with the previous fiscal year. The company continues to implement strict delivery-date management for large-scale capital equipment projects. - FY2024MitigatedAnnual report
「Fiscal year ending March 2024 Fourth quarter Net sales (¥ thousands) 22,204,734 Sales mix (%) 29.8」
The fourth-quarter sales mix fell from 32.6% in the previous fiscal year to 29.8%, reducing the concentration of performance at the fiscal year-end compared with the previous fiscal year. The company also describes measures to enforce delivery-date management for large-scale capital equipment projects. - FY2023WorsenedAnnual report
「Fiscal year ending March 2023 Fourth quarter Net sales (¥ thousands) 23,152,285 Sales mix (%) 32.6」
The fourth-quarter sales mix rose from 29.7% in the previous fiscal year to 32.6%, increasing the concentration of performance at the fiscal year-end. - FY2022MitigatedAnnual report
「Fiscal year ending March 2022 Fourth quarter Net sales (¥ thousands) 20,084,703 Sales mix (%) 29.7」
The fourth-quarter sales mix fell from 30.6% in the previous fiscal year to 29.7%. However, the company continues to identify the structural risk of performance being concentrated in the second half and at the fiscal year-end. - FY2020WorsenedAnnual report
「Fiscal year ending March 2020 Fourth quarter Net sales (¥ thousands) 24,748,325 Sales mix (%) 30.8」
The fourth-quarter sales mix rose from 27.2% in the previous fiscal year to 30.8%, increasing the concentration of performance at the fiscal year-end. - FY2019RestatedAnnual report
「Large-scale capital equipment projects are relatively often completed and delivered at the fiscal year-end. In addition, many of the Group's major customers have fiscal years ending in March, and their capital investment tends to be cautious at the beginning of the fiscal year and become more active toward the year-end. As a result, the Group's performance tends to be weighted more heavily toward the second half than the first half.」
The company continues to identify the structural risk of performance being concentrated in the second half and at the fiscal year-end. Fourth-quarter sales accounted for 27.2% of total sales in the fiscal year ended March 2019. - FY2018RestatedAnnual report
「Large-scale capital equipment projects in the Group's business are relatively often completed and delivered at the fiscal year-end. In addition, many of the Group's major customers have fiscal years ending in March, and their capital investment tends to be cautious at the beginning of the fiscal year and become more active toward the year-end. As a result, the Group's performance tends to be weighted more heavily toward the second half than the first half.」
The company continues to identify the concentration of performance in the second half and at the fiscal year-end as a structural risk. Fourth-quarter sales accounted for 29.3% of total sales in the fiscal year ended March 2018. - FY2016First statedAnnual report
「Large-scale capital equipment projects are relatively often completed and delivered at the fiscal year-end. In addition, many of the Group's major customers have fiscal years ending in March, and their capital investment tends to be cautious at the beginning of the fiscal year and become more active toward the year-end. As a result, the Group's performance tends to be weighted more heavily toward the second half than the first half.」
Fourth-quarter sales accounted for 30.0% of full-year sales in the fiscal year ended March 2016, and the company identifies the structural concentration of performance in the second half and at the fiscal year-end as a risk.