Seasonal Revenue Fluctuations Due to Concentrated Project Completions
First written in FY2017-Q1. 10 of 15 entries say "Restated". Latest entry: FY2020.
1 other company's latest entry also says "Dropped".
- FY2020DroppedAnnual reportThe current-year text does not explicitly mention the seasonal fluctuation in revenue resulting from the concentration of project completions, which had been included through the previous quarter.
- FY2020-Q3RestatedAnnual report
「The Group's revenue is subject to seasonal fluctuations, with revenue in the period from the third quarter to the fourth quarter generally exceeding that in the period from the first quarter to the second quarter because a greater proportion of construction projects are completed during the former period in the ordinary course of business.」
The seasonality whereby revenue in the third and fourth quarters exceeds that in the first and second quarters due to the concentration of project completions is described again. - FY2020-Q2RestatedAnnual report
「The Group's revenue is subject to seasonal fluctuations, with revenue in the period from the third quarter to the fourth quarter generally exceeding that in the period from the first quarter to the second quarter because a greater proportion of construction projects are completed during the former period in the ordinary course of business.」
The seasonality whereby revenue in the third and fourth quarters exceeds that in the first and second quarters due to the concentration of project completions is described again. - FY2020-Q1RestatedAnnual report
「The Group's revenue is subject to seasonal fluctuations, with revenue in the period from the third quarter to the fourth quarter generally exceeding that in the period from the first quarter to the second quarter because a greater proportion of construction projects are completed during the former period in the ordinary course of business.」
The quarterly notes again describe the seasonality whereby revenue in the third and fourth quarters exceeds that in the first and second quarters due to the concentration of project completions. - FY2019DroppedAnnual reportThe current-year text does not explicitly mention the seasonal fluctuation in revenue resulting from the concentration of project completions, which had been included through the previous quarter.
- FY2019-Q3RestatedAnnual report
「The Group's revenue is subject to seasonal fluctuations, with revenue in the period from the third quarter to the fourth quarter generally exceeding that in the period from the first quarter to the second quarter because a greater proportion of construction projects are completed during the former period in the ordinary course of business.」
The seasonality whereby revenue in the third and fourth quarters exceeds that in the first and second quarters due to the concentration of project completions is described again. - FY2019-Q2RestatedAnnual report
「The Group's revenue is subject to seasonal fluctuations, with revenue in the period from the third quarter to the fourth quarter generally exceeding that in the period from the first quarter to the second quarter because a greater proportion of construction projects are completed during the former period in the ordinary course of business.」
The seasonality whereby revenue in the third and fourth quarters exceeds that in the first and second quarters due to the concentration of project completions is described again. - FY2019-Q1RestatedAnnual report
「The Group's revenue is subject to seasonal fluctuations, with revenue in the period from the third quarter to the fourth quarter generally exceeding that in the period from the first quarter to the second quarter because a greater proportion of construction projects are completed during the former period in the ordinary course of business.」
The seasonality whereby revenue in the third and fourth quarters exceeds that in the first and second quarters due to the concentration of project completions is described again. - FY2018-Q3RestatedAnnual report
「The Group's revenue is subject to seasonal fluctuations, with revenue in the period from the third quarter to the fourth quarter generally exceeding that in the period from the first quarter to the second quarter because a greater proportion of construction projects are completed during the former period in the ordinary course of business.」
The seasonality whereby revenue in the third and fourth quarters exceeds that in the first and second quarters due to the concentration of project completions is described again. - FY2018-Q2SoftenedAnnual report
「The Group's revenue is subject to seasonal fluctuations, with revenue in the period from the third quarter to the fourth quarter generally exceeding that in the period from the first quarter to the second quarter because a greater proportion of construction projects are completed during the former period in the ordinary course of business.」
The seasonality resulting from the concentration of project completions is described again, but the wording has been softened from “becomes significantly higher” to “becomes higher.” - FY2018-Q1RestatedAnnual report
「The Group's revenue is subject to seasonal fluctuations, with revenue in the period from the third quarter to the fourth quarter generally exceeding that in the period from the first quarter to the second quarter because a greater proportion of construction projects are completed during the former period in the ordinary course of business.」
The seasonal fluctuation in revenue attributable to the timing of project completion, which was not explicitly stated in the prior-year text, is again included in the notes to the quarterly consolidated income statement. - FY2017DroppedAnnual reportThe main text for the fiscal year does not explicitly mention the seasonal fluctuations in revenue caused by the concentration of construction project completions that had been described through the previous quarter.
- FY2017-Q3RestatedAnnual report
「As part of our normal operating pattern, a large proportion of construction projects are completed during the fourth consolidated accounting quarter, following the third quarter. Consequently, our revenue during the third and fourth consolidated accounting quarters is significantly higher than during the first and second consolidated accounting quarters, resulting in seasonal fluctuations.」
The company again describes the seasonality whereby revenue in the third and fourth quarters significantly exceeds revenue in the first and second quarters due to the concentration of construction project completions. - FY2017-Q2RestatedAnnual report
「As part of our normal operating pattern, a large proportion of construction projects are completed during the fourth consolidated accounting quarter, following the third quarter. Consequently, our revenue during the third and fourth consolidated accounting quarters is significantly higher than during the first and second consolidated accounting quarters, resulting in seasonal fluctuations.」
The company again describes the seasonality whereby revenue in the third and fourth quarters significantly exceeds revenue in the first and second quarters due to the concentration of construction project completions. - FY2017-Q1First statedAnnual report
「As part of our normal operating pattern, a large proportion of construction projects are completed during the fourth consolidated accounting quarter, following the third quarter. Consequently, our revenue during the third and fourth consolidated accounting quarters is significantly higher than during the first and second consolidated accounting quarters, resulting in seasonal fluctuations.」
The company describes structural seasonality in which revenue in the third and fourth quarters significantly exceeds revenue in the first and second quarters due to the concentration of construction project completions.