Second-half weighting of performance due to budget execution for public investment
First written in FY2016. 7 of 9 entries say "Restated". Latest entry: FY2018.
The whole theme swung hardest in 2024: 4 of 35 companies on the "Worse" side.
6 other companies' latest entry also says "Dropped".
- FY2018DroppedAnnual reportThe theme of second-half concentration and fluctuations in profit for the period due to public investment budget execution, which was disclosed through the previous fiscal year, is not explicitly identified among the business risks for the current fiscal year.
- FY2018-Q3RestatedAnnual report
「As part of its normal course of business, the Group's sales fluctuate significantly between the first and second halves of the consolidated fiscal year, and business performance tends to be concentrated in the second half.」
The company continues to describe the seasonality of sales being concentrated in the second half. - FY2018-Q2RestatedAnnual report
「As part of its normal course of business, the Group's sales fluctuate significantly between the first and second halves of the consolidated fiscal year, and business performance tends to be concentrated in the second half.」
The company continues to describe fluctuations in sales between the first and second halves and the seasonality of business performance being concentrated in the second half. - FY2018-Q1RestatedAnnual report
「As part of its normal course of business, the Group's sales fluctuate significantly between the first and second halves of the consolidated fiscal year, and business performance tends to be concentrated in the second half.」
The company continues to describe fluctuations in sales between the first and second halves and the seasonality of business performance being concentrated in the second half. - FY2017RestatedAnnual report
「Accordingly, the Group's business performance is affected by trends in public investment and tends to be concentrated in the second half. Depending on the execution of public investment budgets in the second half, product deliveries may be postponed to the following fiscal year, causing temporary fluctuations in profit for the period.」
The company continues to describe the risk of second-half concentration and fluctuations in profit for the period due to the timing of public investment budget execution and the characteristics of made-to-order production. - FY2017-Q3RestatedAnnual report
「As part of its normal course of business, the Group's sales fluctuate significantly between the first and second halves of the consolidated fiscal year, and business performance tends to be concentrated in the second half.」
The company continues to describe fluctuations in sales between the first and second halves and the seasonality of sales being concentrated in the second half. - FY2017-Q2RestatedAnnual report
「As part of its normal course of business, the Group's sales fluctuate significantly between the first and second halves of the consolidated fiscal year, and business performance tends to be concentrated in the second half.」
The company continues to describe fluctuations in sales between the first and second halves and the seasonality of business performance being concentrated in the second half. - FY2017-Q1RestatedAnnual report
「As part of its normal course of business, the Group's sales fluctuate significantly between the first and second halves of the consolidated fiscal year, and business performance tends to be concentrated in the second half.」
The notes to the quarterly financial statements also continue to describe the seasonality of business performance being concentrated in the second half. - FY2016First statedAnnual report
「Accordingly, the Group's business performance is affected by trends in public investment and tends to be concentrated in the second half. Depending on the execution of public investment budgets in the second half, product deliveries may be postponed to the following fiscal year, causing temporary fluctuations in profit for the period.」
Because the company produces to order for public works projects, it identifies fluctuations in profit for the period based on the timing of budget execution and deliveries as a risk.