Sales Concentration in March Driven by Customer Budget Execution
First written in FY2021. 1 of 2 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2024: 4 of 13 companies on the "Worse" side.
13 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The timing of revenue recognition tends to be concentrated in March because of the timing of budget execution by client companies. Accordingly, if the timing of revenue recognition shifts to the following fiscal year due to delays in project progress or changes in the timing of customer acceptance, this could affect our group’s business and performance.」
The company continues to disclose the concentration of revenue recognition in March due to the timing of client budget execution, as well as the risk of changes in project progress and customer acceptance timing. - FY2021First statedAnnual report
「Our group aims to increase the proportion of recurring revenue to achieve stable revenue growth, but the timing of revenue recognition tends to be concentrated in March because of the timing of budget execution by client companies. Accordingly, if the timing of revenue recognition shifts to the following fiscal year due to changes in the timing of customer acceptance, this could affect our group’s business and performance.」
In addition to the existing risk related to the timing of project acceptance, the company has for the first time disclosed seasonality as a separate risk, with revenue recognition concentrated in March due to client budget execution.