Risk of Earnings Volatility Due to Seasonal Travel Demand
First written in FY2022. 1 of 5 entries say "Softened", first in FY2023. Latest entry: 2026-09-14.
tripla moved to the "Worse" side of this theme in 2024.
4 other companies' latest entry also says "Restated".
- 2026-09-14RestatedFinancial results presentation
「旅行需要が高まる下期偏重の収益構造」
旅行需要が高まる下期に営業収益が偏重する構造が、四半期別の収益推移とともに再確認された。 - FY2025Additional overseas-demand factorAnnual report
「Travel demand, including overseas demand, may shift from month to month or quarter to quarter because the timing of extended holidays such as Lunar New Year varies from year to year.」
The risk of seasonality was expanded to include shifts in demand between quarters caused by changes in the timing of overseas extended holidays such as Lunar New Year. - FY2024WorsenedAnnual report
「Composition by quarter (%) for the 10th fiscal year, ended October 2024 18.4 22.5 28.2 30.9 100.0」
The fourth quarter’s share of operating revenue increased from 29.4% in the ninth fiscal year to 30.9% in the 10th, indicating a numerically higher seasonal concentration risk. - FY2023SoftenedAnnual report
「We expect the possibility of this risk materializing due to the spread of COVID-19 or a new infectious disease to be low. The quarterly trend in our operating revenue for the eighth fiscal year, ended October 2022, and the ninth fiscal year, ended October 2023, is shown below.」
Seasonality continues, but the company assessed the risk that infectious diseases could prevent the travel season from being realized as low. The fourth quarter accounted for 29.4% of revenue in the fiscal year ended October 2023. - FY2022First statedAnnual report
「A portion of our operating revenue is charged based on transaction volume or GMV generated at guest checkout. Accordingly, operating revenue tends to be higher during seasons of strong travel demand, such as August.」
The fourth quarter accounted for 32.2% of operating revenue in the fiscal year ended October 2022 and 32.7% in the fiscal year ended October 2021.