Seasonal fluctuations in performance due to the quarterly concentration of construction project acceptance
First written in FY2017-Q1. 17 of 21 entries say "Restated". Latest entry: FY2025-H1.
4 other companies' latest entry also says "Other".
- FY2025-H1Updated wording on the timing of construction completionsAnnual report
「Construction completions tend to be concentrated in September and March, which mark the ends of the fiscal year’s half-year periods, and this concentration is particularly pronounced in industrial-product and engineering projects, which generally have longer construction periods, with completions concentrated in March, the end of the consolidated fiscal year. As a result, the Group’s operating results are subject to seasonal fluctuations.」
It updates the explanation of seasonal fluctuations from the previous reference to the second and fourth quarters to the concentration of construction completions in September and March, particularly March. - FY2024-Q3RestatedAnnual report
「There are concerns about the impact on operating results of construction completion dates being pushed back, as well as the tendency for construction completions to be concentrated in the second and fourth quarters, which mark the ends of the fiscal year’s half-year periods. This concentration is particularly pronounced in industrial-product and engineering projects, which generally have longer construction periods, with completions concentrated in the fourth quarter. As a result, the Group’s operating results are subject to seasonal fluctuations.」
While expressing concern about delays in the completion of large construction projects, it reconfirms the seasonal fluctuations caused by the concentration of construction completions in the second and fourth quarters, particularly the fourth quarter. - FY2024-Q2RestatedAnnual report
「Construction completions tend to be concentrated in the second and fourth quarters, which mark the ends of the fiscal year’s half-year periods. This concentration is particularly pronounced in industrial-product and engineering projects, which generally have longer construction periods, with completions concentrated in the fourth quarter. As a result, the Group’s operating results are subject to seasonal fluctuations.」
It reconfirms the seasonal fluctuations caused by the concentration of construction completions in the second and fourth quarters, particularly the fourth quarter for industrial-product and engineering projects. - FY2024-Q1RestatedAnnual report
「Revenue from these construction businesses accounts for approximately 50% of total revenue. Revenue from construction contracts is recognized over time. However, when the progress toward satisfying the performance obligation cannot be reasonably estimated but the costs incurred to satisfy the performance obligation are expected to be recovered, revenue is recognized using the cost recovery method.」
It continues to disclose that the construction businesses account for approximately 50% of revenue and that revenue from construction contracts is recognized over time and under the cost recovery method. - FY2023-Q2Updated construction revenue ratioAnnual report
「Revenue from these construction businesses accounts for approximately 50% of total revenue. Revenue from construction contracts is recognized over time. However, when the progress toward satisfying the performance obligation cannot be reasonably estimated but the costs incurred to satisfy the performance obligation are expected to be recovered, revenue is recognized using the cost recovery method.」
It updates the construction businesses’ share of revenue from approximately 40% to approximately 50% and reconfirms revenue recognition over time and under the cost recovery method. - FY2023-Q1Clarification of the revenue recognition methodAnnual report
「Revenue from construction contracts is recognized over time. However, when the progress toward satisfying the performance obligation cannot be reasonably estimated but the costs incurred to satisfy the performance obligation are expected to be recovered, revenue is recognized using the cost recovery method.」
In addition to the existing explanation of seasonal fluctuations, it provides more detail on recognizing revenue from construction contracts over time and using the cost recovery method when progress cannot be reasonably estimated. - FY2022-Q1RestatedAnnual report
「The Group’s principal businesses are the manufacture and sale of noncombustible building materials, as well as the design and construction of construction- and building-material-related projects and industrial-product and engineering projects. Revenue from these construction businesses accounts for approximately 40% of total revenue. Because many companies in Japan set their fiscal years from April through the following March, construction completions tend to be concentrated in the second and fourth quarters, which mark the ends of the fiscal year’s half-year periods. This concentration is particularly pronounced in industrial-product and engineering projects, which generally have longer construction periods, with completions concentrated in the fourth quarter. As a result, the Group’s operating results are subject to seasonal fluctuations.」
It reconfirms that the construction businesses account for approximately 40% of total revenue and that construction completions are concentrated in the second and fourth quarters, particularly the fourth quarter for industrial-product and engineering projects, resulting in seasonal fluctuations in operating results. - FY2021-Q3RestatedAnnual report
「Construction completions tend to be concentrated in the second and fourth quarters, which mark the ends of the fiscal year’s half-year periods. This concentration is particularly pronounced in industrial-product and engineering projects, which generally have longer construction periods, with completions concentrated in the fourth quarter. As a result, the Group’s operating results are subject to seasonal fluctuations.」
It reconfirms that construction completions are concentrated in the second and fourth quarters, particularly the fourth quarter for industrial-product and engineering projects, resulting in seasonal fluctuations in operating results. - FY2021-Q1RestatedAnnual report
「Construction completions tend to be concentrated in the second and fourth quarters, which mark the ends of the fiscal year’s half-year periods. This concentration is particularly pronounced in industrial-product and engineering projects, which generally have longer construction periods, with completions concentrated in the fourth quarter. As a result, the Group’s operating results are subject to seasonal fluctuations.」
It reconfirms the seasonal fluctuations in operating results caused by the concentration of construction completions in the second and fourth quarters, particularly the fourth quarter. - FY2020-Q3RestatedAnnual report
「Construction completions tend to be concentrated in the second and fourth quarters, which mark the ends of the fiscal year’s half-year periods. This concentration is particularly pronounced in industrial-product and engineering projects, which generally have longer construction periods, with completions concentrated in the fourth quarter. As a result, the Group’s operating results are subject to seasonal fluctuations.」
It reconfirms the seasonal fluctuations in operating results caused by the concentration of construction completions in the second and fourth quarters, particularly the fourth quarter. - FY2020-Q1RestatedAnnual report
「Construction completions tend to be concentrated in the second and fourth quarters, which mark the ends of the fiscal year’s half-year periods. This concentration is particularly pronounced in industrial-product and engineering projects, which generally have longer construction periods, with completions concentrated in the fourth quarter. As a result, the Group’s operating results are subject to seasonal fluctuations.」
It reconfirms the seasonal fluctuations in operating results caused by the concentration of construction completions in the second and fourth quarters, particularly the fourth quarter. - FY2019-Q3RestatedAnnual report
「The Group’s principal businesses are the manufacture and sale of noncombustible building materials, as well as construction- and building-material-related projects and industrial-product and engineering projects. Revenue from these construction businesses accounts for approximately 40% of total revenue. Because many companies in Japan set their fiscal years from April through the following March, construction completions tend to be concentrated in the second and fourth quarters, which mark the ends of the fiscal year’s half-year periods. This concentration is particularly pronounced in industrial-product and engineering projects, which generally have longer construction periods, with completions concentrated in the fourth quarter. As a result, the Group’s operating results are subject to seasonal fluctuations.」
It reiterates that the construction businesses account for approximately 40% of total revenue and that construction completions are concentrated in the second and fourth quarters, particularly the fourth quarter, resulting in seasonal fluctuations in operating results. - FY2019-Q2RestatedAnnual report
「The Group’s principal businesses are the manufacture and sale of noncombustible building materials, as well as the design and construction of construction- and building-material-related projects and industrial-product and engineering projects. Revenue from these construction businesses accounts for approximately 40% of total revenue. Because many companies in Japan set their fiscal years from April through the following March, construction completions tend to be concentrated in the second and fourth quarters, which mark the ends of the fiscal year’s half-year periods. This concentration is particularly pronounced in industrial-product and engineering projects, which generally have longer construction periods, with completions concentrated in the fourth quarter. As a result, the Group’s operating results are subject to seasonal fluctuations.」
It reiterates that the construction businesses account for approximately 40% of total revenue and that construction completions are concentrated in the second and fourth quarters, particularly the fourth quarter, resulting in seasonal fluctuations in operating results. - FY2019-Q1RestatedAnnual report
「The Group’s principal businesses are the manufacture and sale of noncombustible building materials, as well as the design and construction of construction- and building-material-related projects and industrial-product and engineering projects. Revenue from these construction businesses accounts for approximately 40% of total revenue. Because many companies in Japan set their fiscal years from April through the following March, construction completions tend to be concentrated in the second and fourth quarters, which mark the ends of the fiscal year’s half-year periods. This concentration is particularly pronounced in industrial-product and engineering projects, which generally have longer construction periods, with completions concentrated in the fourth quarter. As a result, the Group’s operating results are subject to seasonal fluctuations.」
It reiterates that the construction businesses account for approximately 40% of total revenue and that construction completions are concentrated in the second and fourth quarters, particularly the fourth quarter, resulting in seasonal fluctuations in operating results. - FY2018-Q3RestatedAnnual report
「The Group’s principal businesses are the manufacture and sale of noncombustible building materials, as well as construction- and building-material-related projects and industrial-product and engineering projects. Revenue from these construction businesses accounts for approximately 40% of total revenue. Because many companies in Japan set their fiscal years from April through the following March, construction completions tend to be concentrated in the second and fourth quarters, which mark the ends of the fiscal year’s half-year periods. This concentration is particularly pronounced in industrial-product and engineering projects, which generally have longer construction periods, with completions concentrated in the fourth quarter. As a result, the Group’s operating results are subject to seasonal fluctuations.」
It reiterates that the construction businesses account for approximately 40% of revenue and that construction completions are concentrated in the second and fourth quarters, particularly the fourth quarter, resulting in seasonal fluctuations in operating results. - FY2018-Q2RestatedAnnual report
「The Group’s principal businesses are the manufacture and sale of noncombustible building materials, as well as the design and construction of construction- and building-material-related projects and industrial-product and engineering projects. Revenue from these construction businesses accounts for approximately 40% of total revenue. Because many companies in Japan set their fiscal years from April through the following March, construction completions tend to be concentrated in the second and fourth quarters, which mark the ends of the fiscal year’s half-year periods. This concentration is particularly pronounced in industrial-product and engineering projects, which generally have longer construction periods, with completions concentrated in the fourth quarter. As a result, the Group’s operating results are subject to seasonal fluctuations.」
It reiterates that the construction businesses account for approximately 40% of total revenue and that construction completions are concentrated in the second and fourth quarters, particularly the fourth quarter for industrial-product and engineering projects, resulting in seasonal fluctuations in operating results. - FY2018-Q1RestatedAnnual report
「The Group’s principal businesses are the manufacture and sale of noncombustible building materials, as well as the design and construction of construction- and building-material-related projects and industrial-product and engineering projects. Revenue from these construction businesses accounts for approximately 40% of total revenue. Because many companies in Japan set their fiscal years from April through the following March, construction completions tend to be concentrated in the second and fourth quarters, which mark the ends of the fiscal year’s half-year periods. This concentration is particularly pronounced in industrial-product and engineering projects, which generally have longer construction periods, with completions concentrated in the fourth quarter. As a result, the Group’s operating results are subject to seasonal fluctuations.」
It reiterates that the construction businesses account for approximately 40% of total revenue and that construction completions are concentrated in the second and fourth quarters, particularly the fourth quarter for industrial-product and engineering projects, resulting in seasonal fluctuations in operating results. - FY2017RestatedAnnual report
「Construction completions tend to be concentrated in the second and fourth quarters, which mark the ends of the fiscal year’s half-year periods. This concentration is particularly pronounced in industrial-product and engineering projects, which generally have longer construction periods, with completions concentrated in the fourth quarter. As a result, the Group’s operating results are subject to seasonal fluctuations.」
It reiterates the seasonal fluctuations in operating results caused by the concentration of construction completions in the second and fourth quarters, particularly the fourth quarter. - FY2017-Q3RestatedAnnual report
「The Group’s principal businesses are the manufacture and sale of noncombustible building materials, as well as the design and construction of construction- and building-material-related projects and industrial-product and engineering projects. Revenue from these construction businesses accounts for approximately 40% of total revenue. Because many companies in Japan set their fiscal years from April through the following March, construction completions tend to be concentrated in the second and fourth quarters, which mark the ends of the fiscal year’s half-year periods. This concentration is particularly pronounced in industrial-product and engineering projects, which generally have longer construction periods, with completions concentrated in the fourth quarter. As a result, the Group’s operating results are subject to seasonal fluctuations.」
It reiterates that the construction businesses account for approximately 40% of total revenue and that construction completions are concentrated in the second and fourth quarters, particularly the fourth quarter for industrial-product and engineering projects, resulting in seasonal fluctuations in operating results. - FY2017-Q2RestatedAnnual report
「The Group’s principal businesses are the manufacture and sale of noncombustible building materials, as well as the design and construction of construction- and building-material-related projects and industrial-product and engineering projects. Revenue from these construction businesses accounts for approximately 40% of total revenue. Because many companies in Japan set their fiscal years from April through the following March, construction completions tend to be concentrated in the second and fourth quarters, which mark the ends of the fiscal year’s half-year periods. This concentration is particularly pronounced in industrial-product and engineering projects, which generally have longer construction periods, with completions concentrated in the fourth quarter. As a result, the Group’s operating results are subject to seasonal fluctuations.」
It reiterates that the construction businesses account for approximately 40% of total revenue and that construction completions are concentrated in the second and fourth quarters, particularly the fourth quarter for industrial-product and engineering projects, resulting in seasonal fluctuations in operating results. - FY2017-Q1First statedAnnual report
「The Group’s principal businesses are the manufacture and sale of noncombustible building materials, as well as the design and construction of construction- and building-material-related projects and industrial-product and engineering projects. Revenue from these construction businesses accounts for approximately 40% of total revenue. Because many companies in Japan set their fiscal years from April through the following March, construction completions tend to be concentrated in the second and fourth quarters, which mark the ends of the fiscal year’s half-year periods. This concentration is particularly pronounced in industrial-product and engineering projects, which generally have longer construction periods, with completions concentrated in the fourth quarter. As a result, the Group’s operating results are subject to seasonal fluctuations.」
The construction businesses account for approximately 40% of revenue, and construction completions are concentrated in the second and fourth quarters, particularly the fourth quarter for industrial-product and engineering projects, resulting in seasonal fluctuations in operating results.