Performance Concentrated in the Second Half
First written in FY2016. 27 of 36 entries say "Restated". Latest entry: 2026-11-04.
Dainichi moved to the "Worse" side of this theme in 2026.
The whole theme swung hardest in 2017: 1 of 6 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2026WorsenedAnnual report
「Current fiscal year First quarter Second quarter Third quarter Fourth quarter Full year Sales (¥ million) 1,594 5,382 11,312 1,795 20,084 (Share, %) (7.9) (26.8) (56.3) (9.0) (100.0) Operating profit or operating loss (△) (¥ million) △373 713 2,249 △774 1,813 (Share, %) (△20.6) (39.3) (124.0) (△42.7) (100.0)」
Third-quarter sales accounted for 56.3% of the total and third-quarter operating profit for 124.0%, while the fourth quarter recorded an operating loss of ¥774 million. The concentration of quarterly performance continues. - FY2025-H1RestatedAnnual report
「Because oil-fired heating equipment is our core product, sales are concentrated in the second half, while the first half is the product introduction period at retailers.」
The seasonality whereby sales are concentrated in the second half and the first half is the product introduction period at retailers is reconfirmed, reflecting the Company's focus on oil-fired heating equipment. - FY2024Full-year update of seasonal figuresAnnual report
「Because heating equipment is a core seasonal product, sales tend to be concentrated in the third quarter (October to December).」
In the current fiscal year, third-quarter sales accounted for 54.3% of the total and operating profit for 133.7%, while the first and fourth quarters recorded operating losses. Although the third-quarter share of sales declined from the previous period, the seasonal concentration of quarterly performance continues. - FY2024-Q3RestatedAnnual report
「As part of the Company's normal business cycle, there are significant differences between sales in the third-quarter accounting period and those in the other quarterly accounting periods, resulting in seasonal fluctuations in performance in each quarterly accounting period.」
The seasonality reflected in the significant difference between third-quarter sales and sales in the other quarters is reconfirmed. - FY2024-Q2RestatedAnnual report
「As part of the Company's normal business cycle, there are significant differences between sales in the second-quarter accounting period and those in the other quarterly accounting periods, resulting in seasonal fluctuations in performance in each quarterly accounting period.」
The seasonality reflected in the significant difference between second-quarter sales and sales in the other quarters is reconfirmed. - FY2024-Q1RestatedAnnual report
「As the cumulative first-quarter period is after the demand season for heating equipment and humidifiers, sales are minimal. In addition, selling, general and administrative expenses excluding logistics costs are incurred at approximately the same level in each quarter without tracking sales, resulting in an operating loss in the current cumulative first-quarter period.」
The seasonal pattern of an operating loss in the first quarter, caused by minimal sales after the demand season for heating equipment and humidifiers and selling, general and administrative expenses incurred at approximately the same level in each quarter, is reconfirmed. - FY2023Full-year update of seasonal figuresAnnual report
「Because heating equipment is a core seasonal product, sales tend to be concentrated in the third quarter (October to December).」
In the current period, third-quarter sales accounted for 57.7% of the total and operating profit for 138.3%, while the first and fourth quarters recorded operating losses. The seasonal concentration of quarterly performance continues. - FY2023-Q3RestatedAnnual report
「As part of the Company's normal business cycle, there are significant differences between sales in the third-quarter accounting period and those in the other quarterly accounting periods, resulting in seasonal fluctuations in performance in each quarterly accounting period.」
The notes to the quarterly financial statements reconfirm the seasonality reflected in the significant difference between third-quarter sales and sales in the other quarters. - FY2023-Q2RestatedAnnual report
「As part of the Company's normal business cycle, there are significant differences between sales in the second-quarter accounting period and those in the other quarterly accounting periods, resulting in seasonal fluctuations in performance in each quarterly accounting period.」
The notes to the quarterly financial statements reconfirm the seasonality reflected in the significant difference between second-quarter sales and sales in the other quarters. - FY2023-Q1RestatedAnnual report
「Because sales of our main heating equipment products are concentrated in winter, sales tend to be concentrated in the third-quarter accounting period. Although sales in the cumulative first-quarter period are minimal, heating equipment sales exceeded the year-earlier level because sales of residential oil-fired fan heaters and gas fan heaters in Japan increased.」
The seasonal pattern of heating equipment sales being concentrated in winter and the third quarter, with minimal first-quarter sales, is reconfirmed. Although heating equipment sales in the first quarter exceeded the year-earlier level, no change in the seasonality itself is indicated. - FY2022Full-year update of seasonal figuresAnnual report
「Because heating equipment is a core seasonal product, sales tend to be concentrated in the third quarter (October to December).」
In the current period, third-quarter sales accounted for 58.6% of the total and operating profit for 143.2%, while the first and fourth quarters recorded operating losses. Seasonality and concentration in the second half continue. - FY2022-Q3RestatedAnnual report
「As part of the Company's normal business cycle, there are significant differences between sales in the third-quarter accounting period and those in the other quarterly accounting periods, resulting in seasonal fluctuations in performance in each quarterly accounting period.」
The notes to the quarterly financial statements reconfirm the seasonality reflected in the significant difference between third-quarter sales and sales in the other quarters. - FY2022-Q2RestatedAnnual report
「As part of the Company's normal business cycle, there are significant differences between sales in the second-quarter accounting period and those in the other quarterly accounting periods, resulting in seasonal fluctuations in performance in each quarterly accounting period.」
The seasonality reflected in the significant difference between second-quarter sales and sales in the other quarters is reconfirmed. - FY2022-Q1RestatedAnnual report
「Because sales of our core heating equipment are concentrated in winter, sales tend to be concentrated in the third-quarter accounting period. Although first-quarter sales are minimal, heating equipment sales exceeded the year-earlier level due to increased sales of models for export.」
The seasonal pattern of heating equipment sales being concentrated in winter and the third quarter, with minimal first-quarter sales, is reconfirmed. Heating equipment sales in the current first quarter exceeded the year-earlier level due to increased sales of models for export. - FY2021MitigatedAnnual report
「We began contract manufacturing of fuel cell units in October 2019 and have worked to reduce the risk of sales being concentrated in a specific period.」
Contract manufacturing of fuel cell units continued. The share of sales concentrated in the third quarter declined from 67.1% in the previous period to 61.1%, while the fourth-quarter share rose from 2.7% to 11.4%. However, concentration in the third quarter and seasonal fluctuations between quarters remain. - FY2021-Q3RestatedAnnual report
「As part of the Company's normal business cycle, there are significant differences between sales in the third-quarter accounting period and those in the other quarterly accounting periods, resulting in seasonal fluctuations in performance in each quarterly accounting period.」
The notes to the quarterly financial statements reconfirm the seasonality reflected in the significant difference between third-quarter sales and sales in the other quarters. - FY2021-Q2RestatedAnnual report
「As part of the Company's normal business cycle, there are significant differences between sales in the second-quarter accounting period and those in the other quarterly accounting periods, resulting in seasonal fluctuations in performance in each quarterly accounting period.」
The notes to the quarterly financial statements reconfirm the seasonality reflected in the significant difference between second-quarter sales and sales in the other quarters. - FY2021-Q1RestatedAnnual report
「Because sales of our main heating equipment products are concentrated in winter, sales tend to be concentrated in the third-quarter accounting period, while sales in the first-quarter accounting period are minimal.」
The seasonal pattern of sales being concentrated in winter and the third quarter, with minimal first-quarter sales, is reconfirmed. An operating loss was also recorded in the current first quarter. - FY2020MitigatedAnnual report
「We began contract manufacturing of fuel cell units with built-in hot-water storage tanks in October 2019 and have worked to reduce the risk of sales being concentrated in the second half.」
The Company began contract manufacturing of fuel cell units, a year-round product, as a measure to reduce the second-half concentration risk arising from heating equipment. However, 69.8% of sales and 291.7% of operating profit were still recorded in the second half of the current fiscal year, so the concentration remains. - FY2020-Q3RestatedAnnual report
「As part of the Company's normal business cycle, there are significant differences between sales in the third-quarter accounting period and those in the other quarterly accounting periods, resulting in seasonal fluctuations in performance in each quarterly accounting period.」
The notes to the quarterly financial statements reconfirm the seasonality reflected in the significant difference between third-quarter sales and sales in the other quarters. - FY2020-Q2RestatedAnnual report
「As part of the Company's normal business cycle, there are significant differences between sales in the second-quarter accounting period and those in the other quarterly accounting periods, resulting in seasonal fluctuations in performance in each quarterly accounting period.」
The notes to the quarterly financial statements reconfirm the seasonality reflected in the significant difference between second-quarter sales and sales in the other quarters. - FY2020-Q1RestatedAnnual report
「Because heating equipment, our core product, is sold mainly in winter, sales tend to be concentrated in the third-quarter accounting period, while sales in the first-quarter accounting period are minimal. In contrast, selling, general and administrative expenses excluding logistics costs are incurred at approximately the same level in each quarter without tracking sales, resulting in an operating loss in the cumulative first-quarter period.」
The seasonal pattern of sales being concentrated in winter and the third quarter, minimal first-quarter sales, and a first-quarter operating loss due to fixed selling, general and administrative expenses is reconfirmed. - FY2019Full-year update of second-half concentrationAnnual report
「Because heating equipment is a core seasonal product, sales tend to be concentrated in the second half (October to March).」
In the current fiscal year, second-half sales were ¥1,323.4 million, representing 69.6% of the total, while operating profit was ¥74.7 million, representing 133.0%. Compared with the previous fiscal year, the second-half share of sales declined from 75.9%, while the second-half share of operating profit rose from 130.5%, indicating that the concentration in the second half, including an operating loss in the first half, continues. - FY2019-Q3RestatedAnnual report
「As part of the Company's normal business cycle, there are significant differences between sales in the third-quarter accounting period and those in the other quarterly accounting periods, resulting in seasonal fluctuations in performance in each quarterly accounting period.」
The seasonality reflected in the significant difference between third-quarter sales and sales in the other quarters is reconfirmed. - FY2019-Q1RestatedAnnual report
「Because heating equipment, our core product, is sold mainly in winter, sales tend to be concentrated in the third-quarter accounting period, while sales in the first-quarter accounting period are minimal. In contrast, selling, general and administrative expenses excluding logistics costs are incurred at approximately the same level in each quarter without tracking sales, resulting in an operating loss in the cumulative first-quarter period.」
The seasonal pattern of sales being concentrated in winter and the third quarter, minimal first-quarter sales, and a first-quarter operating loss due to fixed selling, general and administrative expenses is reconfirmed. - FY2018RestatedAnnual report
「Because heating equipment is a core seasonal product, sales tend to be concentrated in the second half (October to March).」
The seasonality is reconfirmed. The full-year results show that the second half accounted for 75.9% of sales and 130.5% of operating profit, specifically demonstrating the continued concentration in the second half, including an operating loss in the first half. - FY2018-Q3RestatedAnnual report
「As part of the Company's normal business cycle, there are significant differences between sales in the third-quarter accounting period and those in the other quarterly accounting periods, resulting in seasonal fluctuations in performance in each quarterly accounting period.」
The notes to the quarterly financial statements reconfirm the seasonality reflected in the significant difference between third-quarter sales and sales in the other quarters. - FY2018-Q2RestatedAnnual report
「As part of the Company's normal business cycle, there are significant differences between sales in the second-quarter accounting period and those in the other quarterly accounting periods, resulting in seasonal fluctuations in performance in each quarterly accounting period.」
The notes to the quarterly financial statements reconfirm the seasonality reflected in the significant difference between second-quarter sales and sales in the other quarters. - FY2018-Q1RestatedAnnual report
「Because heating equipment, our core product, is sold mainly in winter, sales tend to be concentrated in the third-quarter accounting period, while sales in the first-quarter accounting period are minimal. In contrast, selling, general and administrative expenses excluding logistics costs are incurred at approximately the same level in each quarter without tracking sales, resulting in an operating loss in the cumulative first-quarter period.」
The seasonal pattern of sales being concentrated in winter and the third quarter, with minimal first-quarter sales and an operating loss in the first quarter, is restated here. The structure under which selling, general and administrative expenses are incurred at approximately the same level in each quarter is also explained. - FY2017RestatedAnnual report
「Because heating equipment is a core seasonal product, sales tend to be concentrated in the second half (October to March).」
The concentration of sales in the second half, from October to March, due to the seasonality of heating equipment is restated here. - FY2017-Q3RestatedAnnual report
「As part of the Company's normal business cycle, there are significant differences between sales in the third-quarter accounting period and those in the other quarterly accounting periods, resulting in seasonal fluctuations in performance in each quarterly accounting period.」
The notes to the quarterly financial statements reconfirm the seasonality reflected in the significant difference between third-quarter sales and sales in the other quarters. - FY2017-Q2RestatedAnnual report
「As the second-quarter accounting period is the product introduction period for heating equipment and humidifiers at retailers, sales are minimal, although」
The seasonal pattern of quarterly performance is restated, with sales of heating equipment and humidifiers in their product introduction period. - FY2017-Q1RestatedAnnual report
「Because sales of our main heating equipment products are concentrated in winter, sales tend to be concentrated in the third-quarter accounting period, while sales in the first-quarter accounting period are minimal.」
The seasonality of heating equipment causes sales to be concentrated in winter and the third quarter, while first-quarter sales are minimal; this structure is restated here. - FY2016First statedAnnual report
「As heating equipment is a core seasonal product, sales tend to be concentrated in the second half (October to March).」
Because heating equipment is a seasonal product, the concentration of sales from October to March is treated as a risk.