Seasonal Concentration of Earnings in the Third Quarter
First written in FY2016. 24 of 32 entries say "Restated". Latest entry: 2026-09-17.
Cota moved to the "Worse" side of this theme in 2020, 4 years before the typical company in this theme (2024).
The whole theme swung hardest in 2024: 4 of 13 companies on the "Worse" side.
13 other companies' latest entry also says "Restated".
- 2026-09-17RestatedEarnings
「From a sales strategy perspective, revenue and each profit item are weighted more heavily toward the second half of the fiscal year, while their weighting in the first quarter is particularly small. We therefore judge that the impact on the full-year results will be limited.」
The company reiterated that performance is concentrated in the second half of the fiscal year and that the first quarter has a limited impact on full-year results. - FY2024WorsenedAnnual report
「Third-quarter sales accounted for 42.5%, operating profit for 80.7%, ordinary profit for 80.0%, and quarterly net income or net income for 80.9%.」
In the fiscal year ended March 2024, concentration in the third quarter increased from the previous year, with the third quarter accounting for 42.5% of sales, 80.7% of operating profit, 80.0% of ordinary profit and 80.9% of net income. - FY2024-Q3RestatedAnnual report
「During the cumulative period of the third quarter, there were no occurrences of the major risks that management recognizes as potentially having a material impact on the company's financial position, operating results or cash flows, among matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the section entitled "Business and Other Risks" in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in the key risks, including the seasonal concentration of performance in the third quarter. - FY2024-Q2RestatedAnnual report
「As shown in the graph below, second-quarter performance fluctuates from period to period, including the second quarter of the 42nd fiscal year, which was significantly affected by the COVID-19 pandemic, and the second quarter of the 43rd fiscal year, when the top toiletries brand COTA COUTURE was launched. However, as part of our operating strategy, sales and each profit measure are weighted toward the second half, and we believe the impact on the full year is small.」
The seasonality of sales and profit being concentrated in the second half continued to be disclosed, and it was explained that fluctuations in the second quarter would have a small impact on the full year. - FY2024-Q1RestatedAnnual report
「From a sales strategy perspective, revenue and each profit item are weighted more heavily toward the second half of the fiscal year, while their weighting in the first quarter is particularly small. We therefore judge that the impact on the full-year results will be limited.」
The seasonality of sales and profit being concentrated in the second half, particularly outside the first quarter, continued to be disclosed, and it was explained that the first quarter would have a small impact on the full year. - FY2023WorsenedAnnual report
「Sales (composition ratio): 1,582 (18.0), 1,801 (20.5), 3,692 (41.9), 1,727 (19.6), 8,804 (100.0); operating profit (composition ratio): 95 (4.7), 254 (12.6), 1,567 (77.6), 103 (5.1), 2,020 (100.0); ordinary profit (composition ratio): 101 (4.8), 259 (12.3), 1,646 (77.8), 108 (5.1), 2,115 (100.0); quarterly net income (net income) (composition ratio): 64 (4.2), 201 (12.9), 1,213 (77.7), 81 (5.2), 1,560 (100.0)」
In the fiscal year ended March 2023, the third quarter accounted for 41.9% of sales, 77.6% of operating profit, 77.8% of ordinary profit and 77.7% of net income, representing a higher concentration than in the previous year. - FY2023-Q3RestatedAnnual report
「During the cumulative period of the third quarter, there were no occurrences of the major risks that management recognizes as potentially having a material impact on the company's financial position, operating results or cash flows, among matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the section entitled "Business and Other Risks" in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in the key risks, including the seasonal concentration of performance in the third quarter. - FY2023-Q2RestatedAnnual report
「As part of our operating strategy, sales and each profit measure are weighted toward the second half, and we believe the impact on the full year is small.」
The seasonality of sales and profit being concentrated in the second half continued to be disclosed, and it was determined that fluctuations in second-quarter performance would have a small impact on the full year. - FY2023-Q1RestatedAnnual report
「During the cumulative period of the first quarter, there were no occurrences of the major risks that management recognizes as potentially having a material impact on the company's financial position, operating results or cash flows, among matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the section entitled "Business and Other Risks" in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in the key risks, including the seasonal concentration of performance in the third quarter. - FY2022SoftenedAnnual report
「Third-quarter sales accounted for 38.6%, operating profit for 64.8%, ordinary profit for 64.2%, and quarterly net income or net income for 69.6%.」
Although concentration in the third quarter remained high, the concentration of each metric declined from the previous fiscal year's 40.4% of sales, 74.7% of operating profit, 73.6% of ordinary profit and 72.4% of net income. - FY2022-Q3RestatedAnnual report
「During the cumulative period of the third quarter, there were no occurrences of the major risks that management recognizes as potentially having a material impact on the company's financial position, operating results or cash flows, among matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the section entitled "Business and Other Risks" in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in the key risks, including the seasonal concentration of performance in the third quarter. - FY2022-Q2RestatedAnnual report
「During the cumulative period of the second quarter, there were no occurrences of the major risks that management recognizes as potentially having a material impact on the company's financial position, operating results or cash flows, among matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the section entitled "Business and Other Risks" in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in the key risks, including the seasonal concentration of performance in the third quarter. - FY2021WorsenedAnnual report
「Shipments of our products tend to be concentrated in the third quarter, when the busy season for beauty salons coincides with the COTA National Retail Sales Contest, resulting in greater fluctuations in quarterly sales and profit amounts.」
In the fiscal year ended March 2021, the third quarter accounted for 40.4% of sales, 74.7% of operating profit, 73.6% of ordinary profit and 72.4% of net income, representing a higher concentration of profit in the third quarter than in the previous fiscal year. - FY2021-Q3RestatedAnnual report
「During the cumulative period of the third quarter, there were no occurrences of the major risks that management recognizes as potentially having a material impact on the company's financial position, operating results or cash flows, among matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the section entitled "Business and Other Risks" in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in the key risks, including the seasonal concentration of performance in the third quarter. - FY2021-Q2RestatedAnnual report
「During the cumulative period of the second quarter, there were no occurrences of the major risks that management recognizes as potentially having a material impact on the company's financial position, operating results or cash flows, among matters concerning the business and accounting conditions described in this quarterly report, nor were there any material changes to the section entitled "Business and Other Risks" in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in the key risks, including the seasonal concentration of performance in the third quarter. - FY2021-Q1WorsenedAnnual report
「As part of our operating strategy, profit is weighted toward the second half, and the proportion of profit generated in the first quarter is particularly small. The cumulative operating loss, ordinary loss and quarterly net loss for the first quarter were the first losses in 10 periods, but we believe the amounts of those losses were small.」
The seasonality of profits being concentrated in the second half continued to be disclosed, and it was explained that the first quarter had recorded an operating loss, ordinary loss and net loss for the first time in 10 periods. At the same time, it was determined that the amounts of the losses were small. - FY2020SoftenedAnnual report
「Third-quarter sales accounted for 37.3%, operating profit for 65.2%, ordinary profit for 64.5%, and quarterly net income or net income for 64.6%.」
Although concentration in the third quarter remained high, it declined from 39.2% of sales, 70.0% of operating profit, 70.3% of ordinary profit and 72.6% of net income in the previous fiscal year. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in the existing risks, including the seasonal concentration of performance in the third quarter. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in the existing risks, including the seasonal concentration of performance in the third quarter. - FY2019WorsenedAnnual report
「Shipments of our products tend to be concentrated in the third quarter, when the busy season for beauty salons coincides with the COTA National Retail Sales Contest, resulting in greater fluctuations in quarterly sales and profit amounts.」
In the fiscal year ended March 2019, the third quarter accounted for 39.2% of sales, 70.0% of operating profit, 70.3% of ordinary profit and 72.6% of net income, representing a higher concentration than in the previous fiscal year. - FY2019-Q3RestatedAnnual report
「We held the COTA National Retail Sales Contest, a sales contest for our products, from November to December 2018, and exceeded the same quarter of the previous year because sales of our core toiletries remained strong.」
It indicates the seasonal sales structure in the third quarter, when the busy season in the beauty industry coincides with the sales contest. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in the existing risks, including the seasonal concentration of performance in the third quarter. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in the existing risks, including the seasonal concentration of performance in the third quarter. - FY2018RestatedAnnual report
「Shipments of our products tend to be concentrated in the third quarter, when the busy season for beauty salons coincides with the COTA National Retail Sales Contest, resulting in greater fluctuations in quarterly sales and profit amounts.」
The seasonal concentration risk continued to be disclosed, and in the fiscal year ended March 2018, the third quarter accounted for 38.4% of sales, 65.7% of operating profit, 65.0% of ordinary profit and 62.5% of net income. - FY2018-Q3RestatedAnnual report
「We exceeded the same quarter of the previous year because we held the COTA National Retail Sales Contest, a sales contest for our products, in November and December 2017, and sales of our core toiletries remained strong.」
It indicates the seasonal sales structure in the third quarter, when the sales contest coincides with the busy season in the beauty industry. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in the existing risks, including the seasonal concentration of performance in the third quarter. - FY2018-Q1RestatedAnnual report
「During the cumulative first quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes in the existing business and other risks, including the seasonal concentration of performance in the third quarter. - FY2017RestatedAnnual report
「Shipments of our products tend to be concentrated in the third quarter, when the busy season for beauty salons coincides with the COTA National Retail Sales Contest, resulting in greater fluctuations in quarterly sales and profit amounts.」
The concentration of performance in the third quarter continued to be disclosed, and in the fiscal year ended March 2017, the third quarter accounted for 37.5% of sales and 67.9% of operating profit. - FY2017-Q3RestatedAnnual report
「Sales of toiletries were strong because we held the COTA National Retail Sales Contest, a sales contest for our products, in November and December 2016.」
It again indicates the seasonal structure in which the busy season in the beauty industry coincides with the sales contest in the third quarter. - FY2017-Q2RestatedAnnual report
「From the third quarter onward, in addition to coinciding with the busy season in the beauty industry, we plan to hold the COTA National Retail Sales Contest for our products from November to December.」
It again states that the busy season in the beauty industry and the sales contest coincide from the third quarter onward. - FY2017-Q1RestatedAnnual report
「During the cumulative first quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It explicitly states that there have been no material changes in the risks disclosed in the previous fiscal year, including the seasonal concentration of performance in the third quarter. - FY2016First statedAnnual report
「Our product shipments tend to be concentrated in the third quarter, when the busy season for beauty salons coincides with the COTA National Retail Sales Contest.」
Quantifies the concentration of quarterly results, with the third quarter accounting for 36.3% of sales and 66.8% of operating profit.