Seasonal sales fluctuations concentrated around shareholder meeting season

「Recently, revenue has tended to increase from the third quarter through the fourth quarter as large projects have been spread across the full fiscal year and as investment banking and securities agency services, which are not tied to a particular period, have expanded. Seasonal fluctuations are therefore tending to diminish.」

「Recently, revenue in the third and fourth quarters has been steadily increasing as large projects have been spread across the full fiscal year and as investment banking and securities agency services, which are not tied to a particular period, have expanded. Seasonal fluctuations are therefore tending to diminish.」

「Recently, revenue has tended to increase from the third quarter through the fourth quarter as large projects have been spread across the full fiscal year and as investment banking and securities agency services, which are not tied to a particular period, have expanded. Seasonal fluctuations are therefore tending to diminish.」

「Recently, the recognition of revenue opportunities in the third and fourth quarters has increased as large projects have been spread across the full fiscal year and as investment banking and securities agency services, which are not tied to a particular period, have expanded. Seasonal fluctuations are expected to diminish.」

「The quarterly revenue of our group has tended to be concentrated in the first and second quarters, around June, when Japanese companies hold their shareholders' meetings, owing to the nature of our core IR and SR consulting business. Recently, revenue in the third and fourth quarters has been steadily increasing as large projects have been spread across the full fiscal year and as investment banking and securities agency services, which are not tied to a particular period, have expanded. Seasonal fluctuations are therefore tending to diminish.」

「The quarterly revenue of our group has tended to be concentrated in the first and second quarters, around June, when Japanese companies hold their shareholders' meetings, owing to the nature of our core IR and SR consulting business. Recently, the recognition of revenue opportunities in the third and fourth quarters has increased as large projects have been spread across the full fiscal year and as investment banking and securities agency services, which are not tied to a particular period, have expanded. Seasonal fluctuations are therefore tending to diminish.」

「Recently, the recognition of revenue opportunities in the third and fourth quarters has increased as large projects have been spread across the full fiscal year and as investment banking and securities agency services, which are not tied to a particular period, have expanded. Seasonal fluctuations are therefore tending to diminish.」

「Recently, revenue in the third and fourth quarters has been steadily increasing as large projects have been spread across the full fiscal year and as investment banking and securities agency services, which are not tied to a particular period, have expanded. Seasonal fluctuations are therefore tending to diminish.」

「Recently, the recognition of revenue opportunities in the third and fourth quarters has increased as large projects have been spread across the full fiscal year and as investment banking and securities agency services, which are not tied to a particular period, have expanded. Seasonal fluctuations are expected to diminish.」

「Recently, the recognition of revenue opportunities in the third and fourth quarters has increased as large projects have been spread across the full fiscal year and as investment banking and securities agency services, which are not tied to a particular period, have expanded. Seasonal fluctuations are therefore tending to diminish.」

「Recently, the recognition of revenue opportunities in the third and fourth quarters has increased as large projects have been spread across the full fiscal year and as investment banking and securities agency services, which are not tied to a particular period, have expanded. Seasonal fluctuations are therefore tending to diminish.」

「Recently, the recognition of revenue opportunities in the third and fourth quarters has increased as large projects have been spread across the full fiscal year and as investment banking and securities agency services, which are not tied to a particular period, have expanded. Seasonal fluctuations are therefore tending to diminish.」

「The quarterly revenue of our group has tended to be concentrated in the first and second quarters, around June, when Japanese companies hold their shareholders' meetings, owing to the nature of our core IR and SR consulting business.」