Concentration of IT Solutions Project Deliveries in the Fourth Quarter
First written in FY2018-Q1. 1 of 5 entries say "Reframed", first in FY2020-Q3. Latest entry: FY2020.
The whole theme swung hardest in 2020: 10 of 32 companies on the "Worse" side.
9 other companies' latest entry also says "Mitigated".
- FY2020MitigatedAnnual report
「Under these conditions, CC remained in a difficult situation due to the impact of the spread of COVID-19, the concentration of resources on large projects and partial restrictions on order-taking activity in the first half. However, project orders remained solid from the third quarter onward, and revenue in the fourth quarter exceeded the previous year's level.」
The impact of resource concentration on large projects and restrictions on order-taking activity arose in the first half, but orders were solid from the third quarter onward, and fourth-quarter revenue exceeded the previous year. - FY2021-Q1WorsenedAnnual report
「However, order-taking activity in the first half was partially restricted at CC due to the impact of the spread of COVID-19 and the concentration of resources on large projects, reducing the number of projects that could be recognized in the quarter, and revenue for the business remained below the level of the same quarter of the previous year.」
In addition to the concentration of resources on large projects, the impact of COVID-19 restricted order-taking activity, actually resulting in fewer projects being recognized in the quarter and lower revenue. - FY2020-Q4RestatedAnnual report
「Although segment profit (operating profit) recovered from the first quarter, it fell below the same quarter of the previous year due to the impact of responding to the large projects described above and other factors.」
The concentration of resources on large contracted development projects continued, and although profit recovered from the first quarter, it remained below the same period of the previous year. - FY2020-Q3ReframedAnnual report
「The company's revenue remained slightly below the level of the same quarter of the previous year, partly because resources were concentrated on large contracted development projects, delaying the handling of other projects.」
In addition to the traditional concentration of delivery dates, the concentration of resources on large contracted development projects has been identified as a risk that could delay work on other projects and lead to downside in revenue. - FY2018-Q1First statedAnnual report
「Revenue was broadly at the same level as in the same period of the previous year, partly because delivery dates for some projects were concentrated in the fourth quarter.」
The concentration of delivery dates for some projects in the fourth quarter actually resulted in cumulative revenue for the IT Solutions business through the third quarter remaining broadly at the same level as in the same period of the previous year.