Revenue Fluctuations Due to Timing Differences Between Fiscal Periods and Delays in Construction Progress
First written in FY2017-Q3. 13 of 24 entries say "Mitigated", first in FY2019-Q1. Latest entry: 2026-08-06.
Miyaji Engineering Group moved to the "Worse" side of this theme in 2026, 7 years after the typical company in this theme (2019).
The whole theme swung hardest in 2026: 10 of 22 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- FY2026-H1Revenue decline due to the reaction to concentrated construction at MMBAnnual report
「Revenue was ¥28.307 billion, down 21.6% year on year, mainly because revenue from concentrated construction work and other factors in MMB's large-scale renewal and maintenance-related business had been substantial in the same period of the previous year, while there were no similar projects this fiscal year.」
Consolidated revenue fell 21.6% year on year, reflecting the absence this fiscal year of the concentrated construction work that had generated revenue at MMB in the same period of the previous year, as well as the absence of similar projects. - FY2025-H1MitigatedAnnual report
「Revenue was ¥36.1 billion, up 13.9% year on year, as large-scale renewal projects and other major projects progressed smoothly.」
Large-scale renewal projects and major projects progressed smoothly, and revenue increased 13.9% year on year. No revenue decline due to timing shifts or delays in project progress was reported for the interim consolidated accounting period. - FY2024-Q2MitigatedAnnual report
「Revenue amounted to ¥3,169.4 million, up 13.4% year on year and slightly exceeding the forecast, as large-scale renewal work and other large projects progressed smoothly.」
Large-scale renewal work and other large projects progressed smoothly, and revenue slightly exceeded the forecast, increasing 13.4% year on year. No revenue decline due to timing shifts or delays in progress was reported. - FY2024-Q1MitigatedAnnual report
「Revenue amounted to ¥1,568.4 million, up 26.8% year on year, as projects on hand progressed as scheduled.」
Projects on hand progressed as scheduled, and revenue increased 26.8% year on year. No revenue decline due to timing shifts or delays in progress was reported for this quarter. - FY2023MaterialisedAnnual report
「Although construction of projects on hand progressed generally smoothly, revenue amounted to ¥6,027.9 million, up 3.9% year on year but well below the initial plan of ¥6.5 billion, as the timing of orders for new projects expected to generate revenue during the year was delayed, plant operations were lower than expected, and progress on large projects scheduled for completion at year-end was carried forward to the following fiscal year.」
The delayed timing of orders for new projects and the carryover of progress on large projects actually occurred, and revenue fell below the initial plan of ¥6.5 billion. - FY2023-Q3MitigatedAnnual report
「Revenue amounted to ¥4,380.6 million, up 2.4% year on year, as construction of projects on hand progressed generally smoothly.」
Construction of projects on hand progressed generally smoothly, and revenue increased 2.4% year on year. No revenue decline due to timing shifts or delays in progress was reported. - FY2023-Q2MitigatedAnnual report
「Revenue amounted to ¥2,795.1 million, up 6.2% year on year, as large-scale renewal work progressed smoothly.」
Large-scale renewal work progressed smoothly, and revenue increased 6.2% year on year. No revenue decline due to delays in progress or timing shifts was reported. - FY2023-Q1Revenue decline despite progress as scheduledAnnual report
「Although projects on hand progressed as scheduled, revenue was ¥1,237.0 million, down 2.8% year on year.」
Although projects on hand progressed as scheduled, revenue declined 2.8% year on year, indicating a divergence between project progress and revenue trends. - FY2022-Q3MitigatedAnnual report
「Revenue amounted to ¥4,277.0 million, up 5.0% year on year, as projects on hand progressed generally smoothly.」
Construction of projects on hand progressed generally smoothly, and revenue increased 5.0% year on year. No revenue decline due to timing shifts or delays in progress was reported. - FY2022-Q2RestatedAnnual report
「Revenue amounted to ¥2,631.8 million, down 6.1% year on year, despite projects on hand progressing generally as scheduled.」
Although projects on hand progressed generally as scheduled, revenue declined 6.1% year on year, indicating continued divergence between project progress and revenue fluctuations. - FY2022-Q1Revenue decline despite scheduled progress on projects on handAnnual report
「Revenue amounted to ¥1,272.9 million, down 8.0% year on year, despite projects on hand progressing as scheduled.」
Although projects on hand progressed as scheduled, revenue declined 8.0% year on year, indicating that revenue fluctuated even with progress proceeding as planned. - FY2021Revenue decline despite continued progress on projects on handAnnual report
「Revenue amounted to ¥5,526.8 million, down 13.4% year on year, despite generally smooth progress on projects on hand.」
Although projects on hand progressed generally smoothly, annual revenue declined 13.4% year on year, partly due to the reaction to the completion of large-scale projects in the previous fiscal year. - FY2021-Q3Revenue decline despite continued progress on projects on handAnnual report
「Revenue amounted to ¥4,073.9 million, down 12.8% year on year, despite generally smooth progress on projects on hand.」
Although projects on hand were said to be progressing generally smoothly, revenue declined 12.8% year on year, confirming a fluctuation in revenue. Timing shifts or delays in progress were not cited as causes. - FY2020MitigatedAnnual report
「Revenue amounted to ¥6,384.1 million, up 22.6% year on year, as construction of projects on hand progressed smoothly.」
Construction of projects on hand progressed smoothly, and annual revenue increased 22.6% year on year. No revenue decline due to timing shifts or delays in progress was reported. - FY2020-Q3MitigatedAnnual report
「Revenue amounted to ¥4,670.5 million, up 26.0% year on year, as construction of projects on hand progressed smoothly.」
Construction of projects on hand progressed smoothly, and revenue increased 26.0% year on year. No revenue decline due to timing shifts or delays in progress was reported. - FY2020-Q2MitigatedAnnual report
「Revenue amounted to ¥3,017.9 million, up 25.1% year on year, as construction of projects on hand progressed smoothly.」
Construction of projects on hand progressed smoothly, and revenue increased 25.1% year on year. No revenue decline due to timing shifts or delays in progress was reported. - FY2020-Q1MitigatedAnnual report
「Revenue amounted to ¥1,514.7 million, up 30.4% year on year, as construction of projects on hand progressed smoothly.」
Construction of projects on hand progressed smoothly, and revenue increased 30.4% year on year. No revenue decline due to timing shifts or delays in progress was reported for this quarter. - FY2019-Q3MitigatedAnnual report
「Revenue amounted to ¥3,707.4 million, up 6.8% year on year, as construction of projects on hand progressed generally smoothly.」
Construction of projects on hand progressed generally smoothly, and revenue increased 6.8% year on year. No revenue decline due to timing shifts was reported. - FY2019-Q2MitigatedAnnual report
「Revenue amounted to ¥2,412.6 million, up 1.9% year on year, as construction of projects on hand progressed generally smoothly.」
Construction of projects on hand progressed generally smoothly, and revenue increased 1.9% year on year. No revenue decline due to timing shifts was reported for this quarter. - FY2019-Q1MitigatedAnnual report
「Revenue amounted to ¥1,161.7 million, up 12.2% year on year, as construction of projects on hand progressed generally smoothly.」
Construction of projects on hand progressed generally smoothly, and revenue increased 12.2% year on year. No revenue decline due to timing shifts was reported for this quarter. - FY2017MaterialisedAnnual report
「Revenue amounted to ¥3,629.8 million, down 9.1% year on year, as construction of projects on hand proceeded generally smoothly, but timing shifts occurred for some projects.」
Timing shifts occurred for some projects during the year, and revenue fell 9.1% year on year. - FY2017-Q3MaterialisedAnnual report
「Revenue amounted to ¥2,594.4 million, down 13.3% year on year, as construction of projects on hand proceeded generally smoothly, but timing shifts occurred for some projects.」
It was explained that timing shifts occurred for some projects, resulting in a 13.3% year-on-year decline in revenue.