Sluggish First-Half Performance in the Video Equipment Rental Segment Due to Seasonal Factors
First written in FY2018-Q1. 12 of 24 entries say "Mitigated", first in FY2018-Q3. Latest entry: FY2027-H1.
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- FY2027-H1MitigatedAnnual report
「In the video equipment rental segment, in addition to the recognition of large equipment delivery projects for permanent exhibitions, projects related to entertainment, including concerts, continued to be carried out steadily, and the segment performed steadily.」
Large equipment delivery projects for permanent exhibitions and projects such as concerts were booked in the first half, and the impact of the traditional weakness in the first half and concentration in the second half has continued to ease. - 2026-07-14MitigatedEarnings
「In the video equipment rental segment, exhibitions, concerts, and other events involving the operation of large-scale video equipment were held, and the segment performed strongly.」
The holding of exhibitions, concerts, and other events and the operation of large-scale video equipment continued to mitigate the impact of weakness in the first half and the concentration of activity in the latter half. - FY2026-H1MitigatedAnnual report
「In the video equipment rental segment, exhibitions, concerts and similar events involving the use of large-screen video equipment were held, and performance was strong. In particular, as the number of projects held toward the end of the interim period exceeded expectations, the segment as a whole contributed to higher revenue and profit year on year.」
The video equipment rental segment performed strongly in the first half due to exhibitions, concerts and similar events and an increase in projects toward the end of the interim period. The impact of the usual first-half downturn and bias toward the second half has eased. - FY2025MitigatedAnnual report
「In the video equipment rental segment, entertainment-related projects such as concerts continued to be held, utilisation of video equipment remained firm throughout the year, and performance was strong.」
The continued holding of events and concerts eased the video equipment rental segment's usual seasonal downturn in the first half, resulting in strong equipment utilisation and performance for the full year. - FY2024MitigatedAnnual report
「In the video equipment rental segment, utilisation of large-screen video equipment and other equipment remained firm, particularly for concerts, exhibitions and event projects, and performance was strong.」
As concerts, exhibitions and events resumed, utilisation of large-screen video equipment and segment performance became strong, easing the impact of the first-half downturn and bias toward the second half. - FY2024-Q1MitigatedAnnual report
「In the video equipment rental segment, utilisation of large-screen video equipment remained firm and performance was strong, as concerts and stage performances, among others, fully resumed and the market recovered.」
The full-scale resumption of concerts and stage performances, among others, and the market recovery eased the impact of the usual first-half downturn and bias toward the second half, and the video equipment rental segment performed strongly. - FY2023-Q3AdvancedAnnual report
「In the Video Equipment Rental segment, performance is recovering as the impact of COVID-19 has eased and concerts and stage performances have begun to fully resume, resulting in firm utilization of large video equipment and similar equipment.」
As events and similar activities resumed, performance in the video equipment rental segment, which had previously been weak in the first half due to seasonal factors and calls to refrain from holding events, began to recover, and utilisation of large-screen video equipment also became firm. - FY2023-Q2MitigatedAnnual report
「In the video equipment rental segment, performance is showing signs of recovery as the impact of COVID-19 has eased and events, particularly concerts and stage performances, have begun to resume.」
It is stated that the video equipment rental segment is showing signs of recovery as concerts and stage performances, among others, have resumed. The downturn caused by the previous suspension of events has eased partially. - FY2022MitigatedAnnual report
「Operating performance recovered compared with the previous consolidated fiscal year as restrictions on activities were eased from October 2021 and in-person events, exhibitions, concerts and stage performances began to resume, but results remained weak.」
The downturn in the segment caused by the usual seasonal factors and calls to refrain from holding events eased from the previous year as live events and similar activities resumed, but the video equipment rental segment remains weak. - FY2022-Q3RestatedAnnual report
「Meanwhile, in the video equipment rental segment, which was affected by COVID-19, live events, exhibitions, concerts and stage performances, among others, using large-screen video equipment had not fully resumed during the cumulative third-quarter consolidated period, and performance remained weak.」
Although events and similar activities have begun to resume, live events and similar activities using large-screen video equipment have not fully resumed in the video equipment rental segment, and sluggish performance has continued. - FY2022-Q2RestatedAnnual report
「Meanwhile, the video equipment rental segment remains significantly affected by COVID-19. Demand for live events, exhibitions, concerts and stage performances, among others, using large-screen video equipment has not recovered, utilisation of the equipment remains weak, and performance remains sluggish.」
In contrast to the improvement in the Advertising Solutions business, demand for live events and similar activities has not recovered in the video equipment rental segment, and weak utilisation of large-screen video equipment and sluggish performance have continued. - FY2021WorsenedAnnual report
「In the video equipment rental segment, the year-round suspension of events, exhibitions, concerts and stage performances, among others, due to the impact of COVID-19 resulted in weak utilisation of video equipment, particularly large-screen equipment, and sluggish performance.」
Beyond the usual seasonal downturn in the first half, the year-round suspension of events and similar activities caused utilisation of large-screen video equipment and segment performance to remain weak throughout the year. - FY2021-Q3RestatedAnnual report
「Like the SP and Events segment, the video equipment rental segment has not reached a full-scale resumption of events, exhibitions, concerts and stage performances, among others. Although there is demand for streamed concerts and similar offerings, utilisation of video equipment, particularly large-screen equipment, has remained weak, and performance remains sluggish.」
The weak utilisation of large-screen video equipment and the sluggish performance of the video equipment rental segment have continued because events and similar activities have not resumed and people have been asked to refrain from holding them. - FY2021-Q2RestatedAnnual report
「Like the SP and Events segment, the video equipment rental segment continued to be affected by calls to refrain from holding events, exhibitions, concerts and stage performances, among others. Utilisation remained weak, particularly for large-screen video equipment, and performance remained sluggish.」
The video equipment rental segment remains weak. In addition to the usual seasonal factors, the current causes cited are calls to refrain from holding events and the weak utilisation of large-screen video equipment. - FY2020WorsenedAnnual report
「The video equipment rental segment performed below the level of the previous consolidated fiscal year, owing mainly to a decline in highly profitable projects that had been undertaken in the previous consolidated fiscal year.」
While the seasonal downturn in the first half had eased, the video equipment rental segment's full-year performance fell below the previous year due to a decline in highly profitable projects from the previous year. - FY2020-Q3MitigatedAnnual report
「In the video equipment rental division, as in the SP and events division, the third accounting quarter is the busy season, with many events and exhibitions held, and orders were firm,」
It is stated that orders in the video equipment rental segment, which is weak through the first and second quarters due to seasonal factors, were firm during the busy season in the third quarter. - FY2020-Q2MitigatedAnnual report
「The video equipment rental segment, which performed poorly in the first quarter accounting period, saw an improvement in orders during the second quarter accounting period, while utilisation of the video equipment in which investment had been made remained firm.」
It is stated that orders in the video equipment rental segment, which had been weak through the first quarter, improved in the second quarter accounting period, while utilisation of the equipment purchased also remained firm. - FY2020-Q1RestatedAnnual report
「Although results for the video equipment rental division improved from the first consolidated cumulative period of the previous fiscal year, it is also a division where seasonal factors lead to stable results from the third accounting quarter onward. Results for the first quarter of the current consolidated cumulative period therefore remained weak.」
While performance improved from the same period of the previous year, the first quarter was weak due to seasonal factors, and the seasonal pattern of stabilisation from the third quarter onward continues. - FY2019-Q3MitigatedAnnual report
「As with the SP and events division, many events and exhibitions are held in autumn, and revenue from large-scale entertainment-related projects is scheduled to be recognized in the fourth consolidated accounting quarter. As a result, the video equipment rental division is showing signs of recovery.」
It is stated that the downturn caused by seasonal factors through the first half is showing signs of recovery, as the autumn events and exhibitions have taken place and major projects are scheduled for the fourth quarter. - FY2019-Q2RestatedAnnual report
「Results for the video equipment rental division in the second quarter of the current consolidated cumulative period were weak. As is usual, results through the second quarter remain subdued, as with the SP and events division, while orders tend to increase after the period when autumn events and exhibitions are held in large numbers.」
The Company reconfirmed the seasonal pattern of weak performance through the cumulative second-quarter period and increasing orders from autumn onward. - FY2019-Q1RestatedAnnual report
「The video equipment rental division is subject to seasonal factors, as is the SP and events division. Although revenue from long-term projects such as concert tours is expected from the third consolidated accounting quarter onward in the current fiscal year, results for the first quarter of the current consolidated cumulative period remained weak.」
For the video equipment rental segment, the Company reconfirmed the seasonal pattern and timing concentration of projects, with the first quarter weak due to seasonal factors and revenue from long-term projects expected from the third quarter onward. - FY2018-Q3MitigatedAnnual report
「As with the SP and events division, the video equipment rental division performed well in the third consolidated accounting quarter after the autumn period, when many events and exhibitions are held, but this was insufficient to recover the weak results through the second quarter. Results through the third consolidated cumulative period therefore remained below the same period of the previous year.」
The third quarter consolidated accounting period, beginning in the autumn, performed well, and the seasonal weakness through the first half was partly mitigated, but cumulative performance remained below the year-earlier period. - FY2018-Q2RestatedAnnual report
「The video equipment rental segment tends to perform poorly through the cumulative second-quarter period each year due to seasonal factors and other reasons. As in the SP and events segment, it receives many orders from the period when autumn events, exhibitions and other events are held in large numbers, resulting in weak performance through the cumulative second-quarter period.」
The Company reconfirmed that the video equipment rental segment tends to perform poorly through the cumulative second-quarter period due to seasonal factors, with orders increasing from autumn onward. - FY2018-Q1First statedAnnual report
「The video equipment rental segment tends to perform poorly through the second quarter of each year due to seasonal factors and other reasons. As there were also no orders for major projects, performance was weak.」
For the video equipment rental segment, the Company explicitly stated for the first time in its first-quarter results commentary that performance tends to be weak through the cumulative second-quarter period due to seasonal factors.