Quarterly Performance Volatility Due to Shipment and Acceptance Concentration in September and March
First written in FY2017. 5 of 8 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2020: 10 of 32 companies on the "Worse" side.
20 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Although the proportion of stock businesses is currently increasing, shipments and acceptance inspections in the flow businesses tend to be concentrated in September and March each year, and the Group's overall revenue is also weighted toward the second and fourth quarters because of the sales mix.」
While describing the effect of the higher stock business ratio in limiting volatility, the Company continues to report shipments and acceptance inspections concentrated in September and March and sales weighted toward the second and fourth quarters. - FY2024RestatedAnnual report
「Although the proportion of stock businesses is currently increasing, shipments and acceptance inspections in the flow businesses tend to be concentrated in September and March each year, and the Group's overall revenue is also weighted toward the second and fourth quarters because of the sales mix.」
While noting the increase in the stock business ratio, the Company continues to report shipments and acceptance inspections concentrated in September and March and sales weighted toward the second and fourth quarters. - FY2022MitigatedAnnual report
「The Group's speech business consists of flow businesses, including product sales and solution businesses, and stock businesses, including subscription services. Although the proportion of stock businesses is currently increasing, shipments and acceptance inspections in the flow businesses tend to be concentrated in September and March each year, and the Group's overall revenue is also weighted toward the second and fourth quarters because of the sales mix.」
The Company describes progress in limiting volatility through the increasing proportion of stock businesses, while shipments and acceptance inspections remain concentrated in September and March and sales remain weighted toward the second and fourth quarters. - FY2021MitigatedAnnual report
「The Group's speech business consists of flow businesses, including product sales and solution businesses, and stock businesses, including subscription services. Although the proportion of stock businesses is currently increasing, shipments and acceptance inspections in the flow businesses tend to be concentrated in September and March each year, and the Group's overall revenue is also weighted toward the second and fourth quarters because of the sales mix.」
While the increasing proportion of stock businesses has made progress in limiting earnings volatility, shipments and acceptance inspections remain concentrated in September and March, and sales remain weighted toward the second and fourth quarters. - FY2020RestatedAnnual report
「In the flow business, shipments and acceptance inspections tend to be concentrated in September and March each year, and the Group's overall revenue is also weighted toward the second and fourth quarters because of the volume of sales. The Group plans to expand its stock business to reduce this volatility, but the same trend may continue for some time.」
The Company continues to disclose shipments and acceptance inspections being concentrated in September and March and sales being weighted toward the second and fourth quarters, with expansion of the stock business presented as a countermeasure. - FY2019RestatedAnnual report
「In the PS business, shipments and acceptance inspections tend to be concentrated in September and March each year, and the Group's overall revenue is also weighted toward the second and fourth quarters because of the volume of sales. The Group plans to increase revenue from the stock-based FS business to reduce this volatility, but the same trend may continue for some time.」
The Company continues to describe shipments and acceptance inspections being concentrated in September and March and sales being weighted toward the second and fourth quarters, while presenting expansion of the FS business as a measure to reduce volatility. - FY2018RestatedAnnual report
「Shipments and acceptance inspections tend to be concentrated in September and March each year.」
The Company continues to describe the risk of quarterly earnings volatility caused by shipments and acceptance inspections being concentrated in September and March. - FY2017First statedAnnual report
「Shipments and acceptance inspections tend to be concentrated in September and March each year.」
The Company describes the structural risk of earnings volatility caused by shipments and acceptance inspections for license revenue, package sales and contract development projects being concentrated in specific months.