Seasonal fluctuations in property completion and handover
First written in FY2016. 19 of 24 entries say "Restated". Latest entry: FY2026.
Agratio urban design moved to the "Worse" side of this theme in 2026, 2 years after the typical company in this theme (2024).
The whole theme swung hardest in 2025: 6 of 20 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Fiscal year ending March 2026, fourth quarter: net sales ¥13,814.456 million, 37.5%; operating profit ¥1,374.096 million, 41.4%.」
The fourth quarter’s share of net sales rose from 36.3% in the previous fiscal year to 37.5%, while its share of operating profit rose from 40.5% to 41.4%, slightly intensifying seasonal concentration. - FY2025MitigatedAnnual report
「Fourth quarter: net sales ¥11,125.201 million, 36.3%; operating profit ¥1,060.892 million, 40.5%.」
The share of net sales generated in the fourth quarter declined from 48.4% in the previous fiscal year to 36.3%, while the share of operating profit declined from 78.5% to 40.5%, reducing the disparity in performance caused by seasonality. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in the seasonality risk associated with property completion and handovers. - FY2024-Q1RestatedAnnual report
「Property completion and handovers tend to be concentrated in September and March, and the company’s net sales tend to be concentrated in the second and fourth quarters.」
The company reconfirms the seasonal pattern in which property completion, handovers and net sales are concentrated in the second and fourth quarters. - FY2023MitigatedAnnual report
「Fiscal year ended March 2023, fourth quarter: net sales ¥8,738.479 million, 33.8%; operating profit ¥728.526 million, 35.3%.」
The fourth quarter’s share of net sales declined from 47.4% in the previous fiscal year to 33.8%, while its share of operating profit declined from 54.6% to 35.3%, reducing the disparity between quarters. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the seasonality risk associated with property completion and handovers. - FY2022WorsenedAnnual report
「Fourth quarter: net sales ¥11,258.521 million, 47.4%; operating profit ¥1,229.664 million, 54.6%.」
The share of net sales generated in the fourth quarter rose from 34.7% in the previous fiscal year to 47.4%, while the fourth quarter accounted for 54.6% of operating profit. The numerical concentration of performance caused by seasonality intensified. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the seasonality risk associated with property completion and handovers. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the seasonality risk associated with property completion and handovers. - FY2021-Q1RestatedAnnual report
「In the company’s core detached-home subdivision business, demand is highly seasonal, and property completion and handovers tend to be concentrated in September and March. Consequently, the company’s net sales tend to be concentrated in the second and fourth quarters.」
The company reconfirms the seasonal pattern in which property completion, handovers and net sales are concentrated in the second and fourth quarters. - FY2020RestatedAnnual report
「Property completion and handovers tend to be concentrated in September, December and March. Consequently, the company’s net sales in the first quarter tend to be lower than in the other quarters, while net sales in the second and fourth quarters tend to be relatively higher.」
The company continues to disclose the seasonal pattern, with the fourth quarter accounting for 40.2% of net sales and 72.0% of operating profit in the current period. - FY2020-Q3RestatedAnnual report
「In the company’s core detached-home subdivision business, demand is highly seasonal, and property completion and handovers tend to be concentrated in September and March. Consequently, the company’s net sales tend to be concentrated in the second and fourth quarters.」
The company reconfirms the seasonal pattern in which property completion, handovers and net sales are concentrated in the second and fourth quarters. - FY2019RestatedAnnual report
「In the company’s core detached-home subdivision business, property completion and handovers tend to be concentrated in September, December and March. Consequently, the company’s net sales in the first quarter tend to be lower than in the other quarters, while net sales in the second and fourth quarters tend to be relatively higher.」
The seasonal pattern in which property completion, handovers and net sales are concentrated in specific quarters continues. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the seasonality risk associated with property completion and handovers. - FY2019-Q1RestatedAnnual report
「In the company’s core detached-home subdivision business, demand is highly seasonal, and property completion and handovers tend to be concentrated in September and March. Consequently, the company’s net sales tend to be concentrated in the second and fourth quarters.」
The company reconfirms the seasonal pattern in which property completion, handovers and net sales are concentrated in the second and fourth quarters. - FY2018RestatedAnnual report
「Property completion and handovers tend to be concentrated in September, December and March. Consequently, the company’s net sales in the first quarter tend to be lower than in the other quarters, while net sales in the second and fourth quarters tend to be relatively higher.」
The seasonal pattern continued, with the fourth quarter of the fiscal year ended March 2018 accounting for 41.9% of net sales and 57.4% of operating profit. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the seasonality risk associated with property completion and handovers. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the seasonality risk associated with property completion and handovers. - FY2018-Q1RestatedAnnual report
「Property completion and handovers tend to be concentrated in September and March, and the company’s net sales tend to be concentrated in the second and fourth quarters.」
The company reconfirms the seasonal pattern in which property completion, handovers and net sales are concentrated in specific quarters. - FY2017RestatedAnnual report
「Property completion and handovers tend to be concentrated in September, December and March. Consequently, the company’s net sales in the first quarter tend to be lower than in the other quarters, while net sales in the second and fourth quarters tend to be relatively higher.」
The seasonal pattern remains unchanged, with fourth-quarter net sales accounting for 41.1% of the full-year total and operating profit accounting for 52.3%. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the seasonality risk associated with property completion and handovers. - FY2017-Q2RestatedAnnual report
「There have been no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the seasonality risk associated with property completion and handovers. - FY2017-Q1RestatedAnnual report
「There have been no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the seasonality risk. - FY2016First statedAnnual report
「Property completion and handovers tend to be concentrated in September, December and March. Consequently, the company’s net sales in the first quarter tend to be lower than in the other quarters, while net sales in the second and fourth quarters tend to be relatively higher.」
Quarterly variations in net sales and operating profit or loss are disclosed in a numerical table.