Earnings Volatility from the Fixed-Cost Structure of Packaged Software
First written in FY2017. 31 of 32 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 9 of 23 companies on the "Worse" side.
11 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The software business is characterized by high fixed costs, including personnel expenses, and a high marginal profit margin. Accordingly, while an increase in revenue produces a larger increase in profit than in other industries, a decline in revenue also produces a larger decrease in profit than in other industries, resulting in a tendency toward greater profit volatility.」
Continues to disclose the risk that revenue fluctuations will significantly affect profit due to the fixed-cost structure and high marginal profit margin of the software business. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business risks and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
States that there are no new occurrences or material changes regarding the profit volatility risk arising from the fixed-cost structure of the software business. - FY2025RestatedAnnual report
「The software business is characterized by high fixed costs, including personnel expenses, and a high marginal profit margin. Accordingly, while an increase in revenue produces a larger increase in profit than in other industries, a decline in revenue also produces a larger decrease in profit than in other industries, resulting in a tendency toward greater profit volatility.」
Continues to disclose the risk that revenue fluctuations will significantly affect profit due to the fixed-cost structure and high marginal profit margin of the software business. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business risks and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
States that there are no new occurrences or material changes regarding the profit volatility risk arising from the fixed-cost structure of the software business. - FY2024RestatedAnnual report
「The software business is characterized by high fixed costs, including personnel expenses, and a high marginal profit margin. Accordingly, while an increase in revenue produces a larger increase in profit than in other industries, a decline in revenue also produces a larger decrease in profit than in other industries, resulting in a tendency toward greater profit volatility.」
Continues to disclose the risk that revenue fluctuations will significantly affect profit due to the fixed-cost structure and high marginal profit margin of the software business. - FY2024-Q3RestatedAnnual report
「During the nine months ended December 2020, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
States that there are no new occurrences or material changes regarding the profit volatility risk arising from the fixed-cost structure of the software business. - FY2024-Q2RestatedAnnual report
「During the six-month period ended [current second quarter], there were no new business risks and no material changes to the business risks described in the prior fiscal year's annual securities report.」
States that there are no new occurrences or material changes regarding the profit volatility risk arising from the fixed-cost structure of the software business. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter under review, there were no newly arising business or other risks, nor any material changes to the business or other risks described in the securities report for the preceding fiscal year.」
States that there are no new occurrences or material changes regarding the profit volatility risk arising from the fixed-cost structure of the software business. - FY2023RestatedAnnual report
「The software business is characterized by high fixed costs, including personnel expenses, and a high marginal profit margin. Accordingly, while an increase in revenue produces a larger increase in profit than in other industries, a decline in revenue also produces a larger decrease in profit than in other industries, resulting in a tendency toward greater profit volatility.」
Continues to disclose the risk that revenue fluctuations will significantly affect profit due to the fixed-cost structure and high marginal profit margin of the software business. - FY2023-Q3RestatedAnnual report
「During the nine months ended December 2020, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
States that there are no new occurrences or material changes regarding the profit volatility risk arising from the fixed-cost structure of the software business. quantified is false, materialized is false. - FY2023-Q2RestatedAnnual report
「During the six-month period ended [current second quarter], there were no new business risks and no material changes to the business risks described in the prior fiscal year's annual securities report.」
States that there are no new occurrences or material changes regarding the profit volatility risk arising from the fixed-cost structure of the software business. quantified is false, materialized is false. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter under review, there were no newly arising business or other risks, nor any material changes to the business or other risks described in the securities report for the preceding fiscal year.」
States that there are no new occurrences or material changes regarding the profit volatility risk arising from the fixed-cost structure of the software business. - FY2022RestatedAnnual report
「The software business is characterized by high fixed costs, including personnel expenses, and a high marginal profit margin. Accordingly, while an increase in revenue produces a larger increase in profit than in other industries, a decline in revenue also produces a larger decrease in profit than in other industries, resulting in a tendency toward greater profit volatility.」
Continues to disclose the risk that revenue fluctuations will significantly affect profit due to the fixed-cost structure and high marginal profit margin of the software business. - FY2022-Q3RestatedAnnual report
「During the nine months ended December 2020, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
States that there are no new occurrences or material changes regarding the profit volatility risk arising from the fixed-cost structure of packaged software. quantified is false, materialized is false. - FY2022-Q2RestatedAnnual report
「During the six-month period ended [current second quarter], there were no new business risks and no material changes to the business risks described in the prior fiscal year's annual securities report.」
States that there are no new occurrences or material changes regarding the profit volatility risk arising from the fixed-cost structure of packaged software. quantified is false, materialized is false. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter under review, there were no newly arising business or other risks, nor any material changes to the business or other risks described in the securities report for the preceding fiscal year.」
States that there are no new occurrences or material changes regarding the profit volatility risk arising from the fixed-cost structure of packaged software. - FY2021-Q3RestatedAnnual report
「During the nine months ended December 2020, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
States that there are no new occurrences or material changes regarding the profit volatility risk arising from the fixed-cost structure of packaged software. - FY2021-Q2RestatedAnnual report
「During the six-month period ended [current second quarter], there were no new business risks and no material changes to the business risks described in the prior fiscal year's annual securities report.」
States that there are no new occurrences or material changes regarding the profit volatility risk arising from the fixed-cost structure of packaged software. - FY2021-Q1RestatedAnnual report
「During the cumulative first quarter under review, there were no newly arising business or other risks, nor any material changes to the business or other risks described in the securities report for the preceding fiscal year.」
States that there are no new occurrences or material changes regarding the profit volatility risk arising from the fixed-cost structure of packaged software. - FY2020RestatedAnnual report
「The packaged software business is characterized by high fixed costs, including personnel expenses, and a high marginal profit margin. Accordingly, while an increase in revenue produces a larger increase in profit than in other industries, a decline in revenue also produces a larger decrease in profit than in other industries, resulting in a tendency toward greater profit volatility.」
Continues to disclose the risk that revenue fluctuations will significantly affect profit due to the high fixed-cost base and high marginal profit margin. - FY2020-Q3RestatedAnnual report
「During the nine months ended December 2020, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
States that there are no new occurrences or material changes regarding the profit volatility risk arising from the fixed-cost structure of packaged software. - FY2020-Q2RestatedAnnual report
「During the six-month period ended [current second quarter], there were no new business risks and no material changes to the business risks described in the prior fiscal year's annual securities report.」
States that there are no new occurrences or material changes regarding the profit volatility risk arising from the fixed-cost structure of packaged software. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter under review, there were no newly arising business or other risks, nor any material changes to the business or other risks described in the securities report for the preceding fiscal year.」
States that there are no new occurrences or material changes regarding the profit volatility risk arising from the fixed-cost structure of packaged software. - FY2019RestatedAnnual report
「The packaged software business is characterized by high fixed costs, including personnel expenses, and a high marginal profit margin. Accordingly, while an increase in revenue produces a larger increase in profit than in other industries, a decline in revenue also produces a larger decrease in profit than in other industries, resulting in a tendency toward greater profit volatility.」
Continues to disclose the risk that revenue fluctuations will significantly affect profit due to the high fixed-cost base and high marginal profit margin. - FY2019-Q3RestatedAnnual report
「During the nine months ended December 2020, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
States that there are no new occurrences or material changes regarding the profit volatility risk arising from the fixed-cost structure of packaged software. - FY2019-Q2RestatedAnnual report
「During the six-month period ended [current second quarter], there were no new business risks and no material changes to the business risks described in the prior fiscal year's annual securities report.」
States that there are no new occurrences or material changes regarding the profit volatility risk arising from the fixed-cost structure of packaged software. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter under review, there were no newly arising business or other risks, nor any material changes to the business or other risks described in the securities report for the preceding fiscal year.」
States that there are no new occurrences or material changes regarding the profit volatility risk arising from the fixed-cost structure of packaged software. - FY2018RestatedAnnual report
「The packaged software business is characterized by high fixed costs, including personnel expenses, and a high marginal profit margin. Accordingly, while an increase in revenue produces a larger increase in profit than in other industries, a decline in revenue also produces a larger decrease in profit than in other industries, resulting in a tendency toward greater profit volatility.」
Continues to disclose the risk that revenue fluctuations will significantly affect profit due to the fixed-cost structure and high marginal profit margin of packaged software. quantified is false, materialized is false. - FY2018-Q3RestatedAnnual report
「During the nine months ended December 2020, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
States that there are no new occurrences or material changes regarding the profit volatility risk arising from the fixed-cost structure of packaged software. - FY2018-Q2RestatedAnnual report
「During the six-month period ended [current second quarter], there were no new business risks and no material changes to the business risks described in the prior fiscal year's annual securities report.」
States that there are no new occurrences or material changes regarding the profit volatility risk arising from the fixed-cost structure of packaged software. - FY2018-Q1RestatedAnnual report
「During the cumulative first quarter under review, there were no newly arising business or other risks, nor any material changes to the business or other risks described in the securities report for the preceding fiscal year.」
States that there are no new risks and no material changes to the risks disclosed in the previous fiscal year. Provides no specific explanation of the profit volatility risk arising from the fixed-cost structure. - FY2017First statedAnnual report
「The packaged software business is characterized by high fixed costs, including personnel expenses, and a high marginal profit margin. Accordingly, while an increase in revenue produces a larger increase in profit than in other industries, a decline in revenue also produces a larger decrease in profit than in other industries, resulting in a tendency toward greater profit volatility.」
Describes the risk that changes in revenue will have a significant impact on profit due to the high fixed-cost base and high marginal profit margin of packaged software.