Seasonal concentration of business performance toward the year-end and New Year holidays
First written in FY2016. 8 of 15 entries say "Restated". Latest entry: 2026-08-14.
Ride On Express Holdings moved to the "Worse" side of this theme in 2024.
The whole theme swung hardest in 2020: 2 of 8 companies on the "Worse" side.
12 other companies' latest entry also says "Restated".
- 2026-08-14RestatedEarnings
「Our group’s operating income is also concentrated particularly in December and January, which cover the year-end and New Year period, and is heavily weighted toward the second half, from the third to fourth quarters (October through March of the following year).」
The company continues to explicitly identify the concentration of earnings in the second half, particularly around the year-end and New Year period. - FY2026MitigatedAnnual report
「For the fiscal year ending March 2026, sales comprise 45.9% in the first half and 54.1% in the second half, while operating profit comprises 26.4% in the first half and 73.6% in the second half.」
The second-half share of operating profit declined from 101.1% in the previous fiscal year to 73.6%, but the concentration in the second half around year-end and New Year continues. - FY2025WorsenedAnnual report
「Fiscal year ended March 2025 First half Second half Sales Ratio 45.6% 54.4% Operating profit Ratio △1.1% 101.1%」
For the fiscal year ended March 2025, the second-half share of operating profit was 101.1%, further strengthening the concentration in the second half from 70.1% in the previous fiscal year. The company recorded an operating loss in the first half. - FY2024WorsenedAnnual report
「For the fiscal year ended March 2024, sales comprised 46.1% in the first half and 53.9% in the second half, while operating profit comprised 29.9% in the first half and 70.1% in the second half.」
For the fiscal year ended March 2024, the second-half share of operating profit was 70.1%, indicating a stronger concentration in the second half than the 62.5% recorded for the fiscal year ended March 2023. - FY2024-Q3RestatedAnnual report
「For Gin no Sara, December and January, including the year-end and New Year period, are the months with the highest customer usage and the greatest ability to generate revenue during the year.」
The company continues to show usage and revenue concentrated in December and January, including the year-end and New Year period. - FY2023Updated seasonal performance for the fiscal year ended March 2023Annual report
「For the fiscal year ended March 2023, sales comprised 47.8% in the first half and 52.2% in the second half, while operating profit comprised 37.5% in the first half and 62.5% in the second half.」
For the fiscal year ended March 2023, the second-half share was 52.2% for sales and 62.5% for operating profit, updating the quantitative measure of the concentration in the second half around year-end and New Year. - FY2023-Q3RestatedAnnual report
「For Gin no Sara, December and January, including the year-end and New Year period, are the months with the highest customer usage and the greatest ability to generate revenue during the year.」
The company continues to show usage and revenue concentrated in December and January, including the year-end and New Year period. - FY2022Changes in seasonal performanceAnnual report
「For the fiscal years ended March 2021 and March 2022, the ratios of sales and operating profit differed from the usual trend due to factors including the timing of declarations of a state of emergency related to COVID-19 and changes in procurement conditions caused by soaring resource prices.」
For the fiscal year ended March 2022, sales comprised 48.1% in the first half and 51.9% in the second half, while operating profit comprised 60.3% in the first half and 39.7% in the second half, differing from the usual concentration in the second half around year-end and New Year. - FY2020WorsenedAnnual report
「During this busy period, if operations are suspended or curtailed due to the impact of COVID-19, or if consumer spending declines significantly because of an economic downturn, weaker consumer sentiment or other factors, this could affect the Group’s performance.」
In addition to the seasonal concentration around year-end and New Year, the company explicitly identifies the risk of operations being suspended or curtailed due to COVID-19. It also quantifies the second-half share of operating profit at 62.7%. - FY2020-Q3RestatedAnnual report
「For Gin no Sara, December and January, including the year-end and New Year period, are the months with the highest customer usage and the greatest ability to generate revenue during the year.」
The company continues to show usage and revenue concentrated in December and January, including the year-end and New Year period. - FY2019RestatedAnnual report
「The Group’s operating profit tends to be concentrated particularly in December and January around year-end and New Year, resulting in a high proportion of operating profit in the second half.」
The company continues to disclose the seasonal concentration of sales and operating profit in December and January around year-end and New Year. - FY2019-Q3RestatedAnnual report
「For Gin no Sara, December and January, including the year-end and New Year period, are the months with the highest customer usage and the greatest ability to generate revenue during the year.」
The company continues to show usage and revenue concentrated in December and January, including the year-end and New Year period. - FY2017RestatedAnnual report
「The Group’s operating profit tends to be concentrated particularly in December and January around year-end and New Year, resulting in a high proportion of operating profit in the second half.」
The company continues to disclose the seasonal concentration of operating profit around year-end and New Year. - FY2017-Q3RestatedAnnual report
「For Gin no Sara, December and January, including the year-end and New Year period, are the months with the highest customer usage and the greatest ability to generate revenue during the year.」
The company continues to show seasonality, with usage and revenue concentrated around year-end and New Year. - FY2016First statedAnnual report
「The Group’s operating profit tends to be concentrated particularly in December and January around year-end and New Year, resulting in a high proportion of operating profit in the second half.」
The company points to the impact on performance if operations are suspended during the busy season or other such events occur.