Seasonality of Business Performance
First written in FY2017. 3 of 5 entries say "Restated". Latest entry: FY2024-Q1.
No other company in this theme has enough history to compare yet.
- FY2024-Q1MitigatedAnnual report
「The Group's profitability had traditionally tended to decline in the first quarter because of increased training and other costs associated with onboarding new employees. However, productivity improved from the previous fiscal year, enabling stable profitability improvements from the first quarter. In the first quarter consolidated cumulative period, both the Digital Marketing-related Business and the IT Infrastructure-related Business recorded increases in revenue and segment profit year on year.」
The Group states that, despite the seasonal tendency for first-quarter profitability to decline due to onboarding new employees and training costs, productivity improvements from the previous fiscal year enabled stable profitability improvements from the first quarter. - FY2023RestatedAnnual report
「As contractual rebates are normally received in the second and fourth quarters, quarterly operating profit consequently tends to fluctuate significantly.」
The Group has reconfirmed the seasonal risk in quarterly performance caused by the timing of contractual rebate receipts. - FY2021RestatedAnnual report
「As contractual rebates are normally received in the second and fourth quarters, quarterly operating profit consequently tends to fluctuate significantly.」
The Group has reconfirmed the seasonal risk of operating profit being concentrated in the second and fourth quarters depending on when contractual rebates are received from manufacturers. - FY2018RestatedAnnual report
「The Group's business performance tends to be concentrated in the second and fourth quarters.」
The risk of business performance being concentrated in the second and fourth quarters due to the timing of purchase rebate receipts has been reiterated. - FY2017First statedAnnual report
「The Group's business performance tends to be concentrated in the second and fourth quarters.」
The Group has identified for the first time as a business performance risk the tendency for operating profit to increase because purchase rebates are received primarily in the second and fourth quarters.