Seasonal fluctuations in quarterly results
First written in FY2021. 2 of 3 entries say "Restated". Latest entry: FY2023.
1 other company's latest entry also says "Restated".
- FY2023RestatedAnnual report
「The third quarter accounting period coincides with the leisure and year-end party seasons, resulting in an increase in the number of accommodation guests and customers at restaurants and banquet halls. In the fourth quarter accounting period, however, the number of customers tends to decline because business accommodation demand decreases after the New Year and February has fewer days.」
Reiterated the risk of seasonal fluctuations in quarterly results arising from differences in demand between the leisure and year-end party seasons and the New Year and February, and specified the contributing factors. - FY2022RestatedAnnual report
「Demand for our business tends to increase in the third quarter accounting period as the number of guests rises and restaurants and banquet halls receive more customers for year-end parties and other events. In the fourth quarter accounting period, however, demand tends to decline.」
Reiterated the seasonal fluctuations in demand for accommodation and food services and the tendency for fourth-quarter revenue and profit to decline. - FY2021First statedAnnual report
「Demand for the Group's business tends to increase in the third quarter consolidated accounting period as the number of guests rises and restaurants and banquet halls receive more customers for year-end parties and other events. In the fourth quarter consolidated accounting period, however, demand tends to decline.」
Described as a risk the seasonal fluctuations in quarterly demand for accommodation and food services and the tendency for fourth-quarter revenue and profit to decline due to renovations and other factors.