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BeMap (4316) · RiskWorsened

Intra-year concentration of revenue and profit due to large projects being concentrated in the second half

First written in FY2019-Q2. 10 of 22 entries say "Worsened", first in FY2022-Q3. Latest entry: 2026-08-13.

22entries
9years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseMaterialisedFY2020-Q3 – FY2023WorsenedFY2025-H1 – 2026-08-132018: 12019: 220192020: 220202021: 420212022: 320222023: 320232024: 320242025: 220252026: 22026
Same theme, other companies
Earnings volatility due to concentration of orders for large projectsA theme 17 companies write about · 17 as a headwind · 0 as a tailwind

BeMap moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.

The whole theme swung hardest in 2019: 5 of 9 companies on the "Worse" side.

0 other companies' latest entry also says "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 17 companies compared. The sentences above are computed from all 17.
Full recordFilings, disclosures and news, newest first
  1. FY2026-H1WorsenedAnnual report

    「Maintenance and operations projects for telecommunications carriers progressed as scheduled, but the company was unable to obtain large new construction projects and did not increase sales.」

    In the Wireless Innovation business, maintenance and operations progressed as scheduled, but the company could not obtain large new construction projects. The risks of sales fluctuations depending on whether projects are obtained and of results being concentrated within the fiscal year continued to emerge.
  2. FY2025WorsenedAnnual report

    「Maintenance and operations projects progressed as scheduled, but the company was unable to obtain large systems construction projects, resulting in a substantial decline in sales.」

    Performance fluctuations due to the presence or absence of large systems construction projects emerged again in the current fiscal year. The Wireless business recorded a 40.4% year-on-year decline in sales and a segment loss of ¥47.045 million.
  3. FY2025-H1WorsenedAnnual report

    「Maintenance and operations projects progressed as scheduled, while new construction projects remained at approximately the level of the previous fiscal year despite the absence of large projects.」

    The Wireless Innovation business had no large projects, and sales fell 26.9% year on year while the segment loss widened from ¥17.331 million to ¥49.072 million. Performance fluctuations depending on whether large projects are obtained continued.
  4. FY2024MitigatedAnnual report

    「The concentration of large projects in the fourth quarter improved development efficiency, and the lower cost ratio also improved gross profit.」

    The concentration of large projects in the fourth quarter continued, but project recognition improved development efficiency and the cost ratio, contributing to higher segment profit in the Wireless business and improved company-wide gross profit. The company does not state that the risk of results being concentrated within the fiscal year was eliminated.
  5. FY2024-Q3MitigatedAnnual report

    「Maintenance and operations projects progressed as scheduled, while the addition of large systems construction projects for the retail sector and other projects increased sales and improved the profit margin.」

    The addition of large systems construction projects led to higher sales and an improved profit margin in the Wireless Innovation business. The impact of lower sales and profit caused by the shortage of large projects through the year-earlier period eased on a cumulative basis for the current quarter, and the segment recorded a profit of ¥13.715 million. However, the company does not state that the risk of performance fluctuations within the fiscal year depending on whether large projects are obtained has been eliminated.
  6. FY2024-Q2RestatedAnnual report

    「Although there were no large new construction projects, performance remained at approximately the level of the previous fiscal year.」

    The Wireless Innovation business continued to have no large projects. Sales increased 10.0% year on year, and the segment loss narrowed from ¥40.543 million in the year-earlier period to ¥17.331 million, but the risk of performance fluctuations depending on whether large projects are obtained continued.
  7. FY2023WorsenedAnnual report

    「For the consolidated fiscal year, sales in the Wireless Innovation and Solutions businesses exceeded the previous fiscal year. However, the Wireless Innovation business was unable to build up a sufficient volume of large projects and fell short of the plan. The Mobility Innovation business worked on a turnaround but did not achieve results, and sales fell below both the previous fiscal year and the plan.」

    The inability to build up large projects was reflected in the Wireless business falling short of its plan, while the Mobility business produced no turnaround results and sales fell below both the previous fiscal year and the plan.
  8. FY2023-Q3WorsenedAnnual report

    「In the third quarter, particularly in the Wireless Innovation and Mobility Innovation businesses, sales and gross profit fell below the year-earlier period because there were no large projects.」

    Neither the Wireless Innovation nor the Mobility Innovation business had large projects, and the concentration in project timing continued to be reflected in lower sales and gross profit.
  9. FY2023-Q2WorsenedAnnual report

    「In the second quarter, particularly in the Wireless Innovation and Mobility Innovation businesses, sales and gross profit fell below the year-earlier period because there were no large projects.」

    Neither the Wireless Innovation nor the Mobility Innovation business had large projects, and the concentration in project timing was reflected in lower sales and gross profit.
  10. FY2023-Q1WorsenedAnnual report

    「Particularly in the Wireless Innovation and Mobility Innovation businesses, sales and gross profit fell below the year-earlier period because there were no large projects, while selling, general and administrative expenses increased due to lower staff utilization, widening the operating loss.」

    The absence of large projects in both the Wireless Innovation and Mobility Innovation businesses was reflected in lower sales and gross profit and a wider operating loss.
  11. FY2022-Q3WorsenedAnnual report

    「For its various wireless LAN systems and services, the company is expanding its business by working with NTT Broadband Platform, Inc. (NTTBP) to provide services to wireless LAN hotspot operators, including those serving telecommunications, railways, retail and local governments. Maintenance and operations projects progressed as scheduled, while new construction projects remained solid, mainly among small and medium-sized projects, but sales and profit declined because there were no large projects. As a result, sales in this business area were ¥420.243 million, down 12.8% year on year, and the segment loss was ¥21.025 million.」

    The shortage of large systems construction projects continued, and the Wireless Innovation business recorded a 12.8% year-on-year decline in sales, turning a segment profit into a ¥21.025 million loss. The impact of project timing concentration on performance has become more apparent.
  12. FY2022-Q2MaterialisedAnnual report

    「Particularly in the Wireless Innovation business, sales and gross profit fell below the year-earlier period because there were no large projects of the type recorded in the corresponding period of the previous fiscal year, and the operating loss widened.」

    The large project recorded in the year-earlier period was absent in the current fiscal year, and the concentration in project timing was reflected in actual performance as lower sales and gross profit and a wider operating loss.
  13. FY2022-Q1MaterialisedAnnual report

    「Particularly in the Wireless Innovation business, sales and gross profit fell below the year-earlier period because there were no large projects of the type recorded in the corresponding period of the previous fiscal year, and the operating loss widened.」

    The large project recorded in the year-earlier period was absent in the first quarter of the current fiscal year, and the concentration in project timing was reflected in actual performance as lower sales and gross profit and a wider operating loss.
  14. FY2021MaterialisedAnnual report

    「Gross profit also declined as sales decreased, and the company recorded operating losses through the third quarter. However, it recorded operating profit for the full fiscal year because profit margins on projects at fiscal year-end improved beyond expectations and selling, general and administrative expenses were contained.」

    The concentration of results within the fiscal year due to the timing of large and year-end projects continued. After recording operating losses through the third quarter, the company returned to full-year operating profit through improved profit margins and other factors at year-end.
  15. FY2021-Q3MaterialisedAnnual report

    「For its various wireless LAN systems and services, the company is expanding its business by working with NTT Broadband Platform, Inc. (NTTBP) to provide services to wireless LAN hotspot operators, including those serving telecommunications, railways, retail and local governments. Maintenance and operations projects progressed as scheduled, while new construction projects remained solid, mainly among small and medium-sized projects, but sales and profit declined because there were no large projects.」

    The lack of large systems construction projects and the concentration in project timing were reflected in lower sales and profit in the Wireless Innovation business.
  16. FY2021-Q2MaterialisedAnnual report

    「The Wireless Innovation business remained solid, but sales and profit declined because of the rebound effect from recording a large systems construction project in the second quarter of the previous fiscal year.」

    The absence in the current quarter of a large project recorded in the year-earlier period was reflected in the Wireless Innovation business as lower sales and profit.
  17. FY2020-Q3MaterialisedAnnual report

    「Although the company struggled because it could not generate additional revenue from large systems construction projects during the period, cumulative sales and segment profit through the end of the third quarter exceeded the year-earlier period.」

    In the Wireless Innovation business, the company could not generate additional sales from large systems construction projects during the period, and the concentration in project timing was reflected in actual performance. Meanwhile, cumulative results for the third quarter exceeded the year-earlier period.
  18. FY2019RestatedAnnual report

    「Selling, general and administrative expenses increased due to higher staffing and other factors, resulting in losses from the first through third quarters. However, earnings improved in the fourth quarter as large projects were recorded in each business area, particularly the Wireless Innovation business, enabling the company to return to profitability for the full fiscal year.」

    The concentration of large project revenue recognition in the second half and fourth quarter continued. The company states that recognition of large projects in the fourth quarter contributed to the return to full-year profitability.
  19. FY2019-Q3MaterialisedAnnual report

    「This was affected by a large systems construction project for the retail sector, scheduled for revenue recognition in the third quarter, being postponed to the fourth quarter, particularly in the Wireless Innovation business.」

    A large systems construction project for the retail sector that was scheduled for revenue recognition in the third quarter was postponed to the fourth quarter, which actually resulted in sales and profit falling below the initial outlook and the year-earlier period.
  20. FY2019-Q2First statedAnnual report

    「Sales declined through the second quarter of the current fiscal year because large projects, particularly in the Wireless Innovation business, were concentrated in the third and fourth quarters.」

    The company states that large projects in the Wireless Innovation business were concentrated in the third and fourth quarters, resulting in lower sales through the second quarter. The timing concentration of projects actually emerged as a factor behind sales and profit falling below the initial outlook and the year-earlier period.
Moved together

"Insufficient Distributable Amount and Stabilization of the Financial Base" moved the same way as this thread, in the same document, in 16 of its 22 moves.

161514665★123456
  1. ★This thread
  2. 1Insufficient Distributable Amount and Stabilization of the Financial Base16×
  3. 2Operating loss, ordinary loss and net loss for the period15×
  4. 3Contraction of Existing Core Businesses and Prolonged Launch of New Businesses14×
  5. 4Sales of Air Compass Media, IgniteNet products, and cloud management systems6×
  6. 5Increase in selling, general and administrative expenses due to the issuance of stock acquisition rights and an increase in headcount6×
  7. 6Mobility business development aligned with technology trends in MaaS and related fields5×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for BeMap yet. It last moved in the Occurring Fact of 2026-08-13: "Worsened".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Intra-year concentration of revenue and profit due to large projects being concentrated in the second half | BeMap,Inc. (4316) | Komori