Seasonality of System Integration Projects and Variations in Revenue Recognition Timing
First written in FY2017. 7 of 10 entries say "Restated". Latest entry: FY2026.
9 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「System construction transactions generally tend to be concentrated around the end of March, which is the fiscal year-end for many domestic companies. Quarterly fluctuations in the group’s sales and profit or loss are particularly significant in system integration, and sales and profit tend to increase in the fourth quarter.」
We are reconfirming the seasonality of systems construction revenue, which is concentrated at the end of March and in the fourth quarter, and the risk of earnings fluctuations arising from the timing of project revenue recognition. - FY2024RestatedAnnual report
「System construction transactions generally tend to be concentrated around the end of March, which is the fiscal year-end for many domestic companies. Quarterly fluctuations in the group’s sales and profit or loss are particularly significant in system integration, and sales and profit tend to increase in the fourth quarter.」
We are reconfirming the seasonality of SI construction revenue, which is concentrated at the end of March and in the fourth quarter, and the risk of earnings fluctuations arising from the timing of revenue recognition. - FY2024-Q3Recognition of revenue from deferred projectsAnnual report
「Revenue recognition for an approximately ¥2.8 billion overseas data center construction project that shifted from the first half to the second half, among other factors, resulted in a 12.0% year-on-year increase in systems integration revenue.」
Revenue from the large overseas data center project, whose recognition shifted from the first half to the second half, was recognized in the cumulative third-quarter period. Meanwhile, the prolonged project schedules associated with large-scale projects continue. - FY2024-Q2Changes in the timing of recognizing large projectsAnnual report
「Sales totaled ¥17,987 million, down 8.0% year on year, due in part to a ¥3 billion-scale overseas data center construction project being deferred to the second half and to a tendency for project durations to lengthen as the number of large projects increased.」
The timing of SI construction sales recognition shifted from the first half to the second half due to the progress of large, long-term projects and export procedures. - FY2024-Q1RestatedAnnual report
「Sales volume is typically lowest in the first quarter due to seasonal factors, while expenses such as personnel costs increase at the start of the fiscal year. In the first quarter under review, system construction sales did not grow year on year, and operating profit was therefore at the same level as in the same period of the previous year.」
The company reconfirmed the tendency for first-quarter sales volume and profit to be lower for the full year due to seasonal factors, as well as performance fluctuations caused by the timing of system construction sales recognition. - FY2023RestatedAnnual report
「System construction transactions generally tend to be concentrated around the end of March, which is the fiscal year-end for many domestic companies. Quarterly fluctuations in the group’s sales and profit or loss are particularly significant in system integration, and sales and profit tend to increase in the fourth quarter.」
The company reconfirmed the seasonality of SI construction sales, which are concentrated around the end of March and the fourth quarter, and the risk of performance fluctuations caused by the timing of project recognition. - FY2022-Q1RestatedAnnual report
「Although system construction sales in the first quarter are normally low due to seasonal fluctuations, orders received and order backlog increased by 30.5% and 44.7%, respectively, year on year.」
The company reconfirmed the seasonality of the SI business, in which system construction sales are seasonally low in the first quarter while orders received and order backlog increase. - FY2019RestatedAnnual report
「System construction transactions generally tend to be concentrated around the end of March, which is the fiscal year-end for many domestic companies. Quarterly fluctuations in the group’s sales and profit or loss are particularly significant in system integration, and sales and profit tend to increase in the fourth quarter.」
The company reconfirmed the seasonality of SI and equipment sales revenue recognition, which is concentrated around the end of March and the fourth quarter. - FY2018RestatedAnnual report
「System integration and equipment sales transactions generally tend to be concentrated around the end of March, which is the fiscal year-end for many domestic companies. Quarterly fluctuations in the group’s operating revenue and profit or loss are particularly significant in system integration, and operating revenue and profit tend to increase in the fourth quarter.」
The company reconfirmed the seasonality of SI and equipment sales revenue recognition, which is concentrated around the end of March and the fourth quarter. - FY2017First statedAnnual report
「System integration and equipment sales transactions generally tend to be concentrated around the end of March, which is the fiscal year-end for many domestic companies. Quarterly fluctuations in the group’s operating revenue and profit or loss are particularly significant in system integration, and operating revenue and profit tend to increase in the fourth quarter.」
The company identified as a separate risk the seasonality of SI and equipment sales revenue recognition, which is concentrated around the end of March and the fourth quarter, as well as performance fluctuations caused by project progress.