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Koryojyuhan (3495) · RiskQuarterly results updated

Seasonality of Rental Brokerage and Property Management Revenue

First written in FY2018. 3 of 7 entries say "Restated". Latest entry: FY2025.

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ProgressHeldSoftenedWorseFirst statedFY2018WorsenedFY2019RestatedFY2020 – FY20252018: 12019: 120192020: 120202021: 020212022: 120222023: 120232024: 120242025: 12025
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  1. FY2025Quarterly results updatedAnnual report

    「Quarterly sales and ordinary profit for the 44th consolidated fiscal year were as follows.」

    Revenue for the first through fourth quarters was disclosed as ¥3,322,212 thousand, ¥3,670,513 thousand, ¥2,602,255 thousand and ¥1,937,907 thousand, respectively, while ordinary profit was ¥336,479 thousand, ¥404,680 thousand, ¥209,022 thousand and ¥85,760 thousand, respectively.
  2. FY2024Quarterly results disclosedAnnual report

    「Quarterly sales and ordinary profit for the 43rd consolidated fiscal year were as follows.」

    Regarding seasonal fluctuations, quarterly sales were ¥3,152,819 thousand in the first quarter, ¥2,629,992 thousand in the second quarter, ¥2,266,340 thousand in the third quarter and ¥1,986,681 thousand in the fourth quarter.
  3. FY2023RestatedAnnual report

    「Revenue from the Group's rental brokerage and property management businesses, including the management of rental properties, tends to be concentrated from February through April, reflecting the Japanese custom of moving for school and work commencement and personnel transfers. Real estate sales revenue may also be significantly affected by the timing and amount of property sales in each quarter.」

    Continues to cite the seasonality of rental brokerage and property management revenue and the risk of quarterly fluctuations due to the timing and amount of real estate sales.
  4. FY2022RestatedAnnual report

    「Revenue from the Group's rental brokerage and property management businesses, including the management of rental properties, tends to be concentrated from February through April, reflecting the Japanese custom of moving for school and work commencement and personnel transfers. Real estate sales revenue may also be significantly affected by the timing and amount of property sales in each quarter.」

    Continues to cite the seasonality of rental brokerage and property management revenue and the risk of quarterly fluctuations due to the timing and amount of real estate sales.
  5. FY2020RestatedAnnual report

    「Revenue from the Group's rental brokerage and property management businesses, including the management of rental properties, tends to be concentrated from February through April, reflecting the Japanese custom of moving for school and work commencement and personnel transfers. Real estate sales revenue may also be significantly affected by the timing and amount of property sales in each quarter.」

    Continues to cite the risk of quarterly fluctuations due to the timing and amount of real estate sales, in addition to the seasonality of rental brokerage and property management revenue.
  6. FY2019WorsenedAnnual report

    「Real estate sales revenue may also be significantly affected by the timing and amount of property sales in each quarter.」

    In addition to the existing seasonality of rental brokerage and property management revenue, the Company explicitly identified fluctuations in quarterly performance due to the timing and amount of real estate sales as a risk. The full-year sales mix was 31.3% in the first quarter, 22.7% in the second quarter, 21.5% in the third quarter and 24.5% in the fourth quarter.
  7. FY2018First statedAnnual report

    「Revenue from the Group's rental brokerage and property management businesses tends to be concentrated from February through April, reflecting the Japanese custom of moving for school and work commencement and personnel transfers.」

    The quarterly sales mix in FY2018 was 29.4% in the first quarter, 23.3% in the second quarter, 26.9% in the third quarter and 20.4% in the fourth quarter.
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Seasonality of Rental Brokerage and Property Management Revenue | Koryojyuhan Co.,Ltd. (3495) | Komori