Seasonal fluctuations caused by the concentration of construction completions
First written in FY2021. 4 of 5 entries say "Restated". Latest entry: FY2026.
5 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Construction tends to be concentrated in the second half of the fiscal year because completion dates cluster around the end of the fiscal year.」
The disclosure of the concentration of construction completions around the fiscal year-end and the resulting shift of revenue recognition into the following fiscal year due to delays continues. - FY2024RestatedAnnual report
「Construction tends to be concentrated in the second half of the fiscal year because completion dates cluster around the end of the fiscal year.」
The disclosure continues to address the risks that construction completions will be concentrated around the fiscal year-end and that delays will push revenue recognition into the following fiscal year. - FY2023RestatedAnnual report
「Construction tends to be concentrated in the second half of the fiscal year because completion dates cluster around the end of the fiscal year.」
The disclosure continues to address the risks that construction completions will be concentrated around the fiscal year-end and that revenue recognition will be pushed into the following fiscal year. - FY2022RestatedAnnual report
「Construction tends to be concentrated in the second half of the fiscal year because completion dates cluster around the end of the fiscal year.」
The disclosure continues to address the risks that construction completions will be concentrated around the fiscal year-end and that revenue recognition will be pushed into the following fiscal year. - FY2021First statedAnnual report
「Construction tends to be concentrated in the second half of the fiscal year because completion dates cluster around the end of the fiscal year. If completion of a relatively large project is delayed for any reason, expected sales may not be recorded and may be pushed into the following fiscal year, potentially affecting the financial position and operating results of our group.」
The concentration of construction completions around the fiscal year-end and the resulting shift of revenue recognition into the following fiscal year due to delays were disclosed as separate risks.