Concentration of Revenue Recognition at Quarter-End and Fiscal Year-End
First written in FY2017. 2 of 4 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2024: 4 of 23 companies on the "Worse" side.
17 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「The Group's sales tend to be weighted toward the second quarter and thereafter. In contrast, fixed costs such as personnel expenses and rent, which account for a substantial portion of operating expenses, are incurred every month. As a result, profitability in the first quarter tends to be lower than in other quarters, increasing the likelihood of recording an operating loss in the first quarter compared with other quarters.」
The weighting of sales toward the second quarter and thereafter and the possibility of recording an operating loss in the first quarter continue to be disclosed. - FY2019RestatedAnnual report
「The Group's sales tend to be weighted toward the second quarter and thereafter. In contrast, fixed costs such as personnel expenses and rent, which account for a substantial portion of operating expenses, are incurred every month. As a result, profitability in the first quarter tends to be lower than in other quarters, increasing the likelihood of recording an operating loss in the first quarter compared with other quarters.」
The weighting of sales toward the second quarter and thereafter and the possibility of recording an operating loss in the first quarter continue to be disclosed as seasonal risks. - FY2018WorsenedAnnual report
「The Group's sales tend to be weighted toward the second quarter and thereafter. In contrast, fixed costs such as personnel expenses and rent, which account for a substantial portion of operating expenses, are incurred every month. As a result, profitability in the first quarter tends to be lower than in other quarters, increasing the likelihood of recording an operating loss in the first quarter compared with other quarters.」
In addition to the concentration of sales in September and March, the disclosure specifies the weighting toward the second quarter and thereafter and the possibility of recording an operating loss in the first quarter, providing greater detail on the downside from seasonality. - FY2017First statedAnnual report
「The timing of the Group's revenue recognition tends to be concentrated at quarter-end, particularly in September and March. As a result, the Group's annual sales are not evenly distributed.」
The disclosure states that implementations aligned with end users' fiscal-year start dates lead to sales recognition being concentrated in September and March, which may result in lower profitability in the first quarter.