Earnings Volatility Due to Building Completion Timing
First written in FY2016. 5 of 7 entries say "Restated". Latest entry: FY2023.
Eri Holdings moved to the "Worse" side of this theme in 2023, 2 years before the typical company in this theme (2025).
The whole theme swung hardest in 2025: 6 of 20 companies on the "Worse" side.
0 other companies' latest entry also says "Softened".
- FY2023SoftenedAnnual report
「In particular, on-site inspection revenue at completion, comprising completion inspections within confirmation and inspection services and construction housing performance evaluations within housing performance evaluation services, accounts for approximately 30% of the Group's sales. As a result, sales tend to be concentrated in March, September and December, when many buildings are completed.」
The description of the sales mix for on-site inspection revenue at completion changed from "approximately one-third" to "approximately 30%." The risk of performance fluctuations due to seasonal concentration and delays in completion remains unchanged. - FY2022RestatedAnnual report
「In particular, on-site inspection revenue at completion, comprising completion inspections within building confirmation and inspection services and construction housing performance evaluations within housing performance evaluation services, accounts for approximately one-third of the Group's sales. Consequently, sales tend to be concentrated in March, September and December, when many buildings are completed.」
Continues to disclose the risk of performance fluctuations, with completion-related revenue accounting for approximately one-third of sales and sales concentrated in March, September and December. - FY2021RestatedAnnual report
「In particular, on-site inspection revenue at completion, comprising completion inspections within building confirmation and inspection services and construction housing performance evaluations within housing performance evaluation services, accounts for approximately one-third of the Group's sales. Consequently, sales tend to be concentrated in March, September and December, when many buildings are completed.」
Continues to identify the risk of performance fluctuations, with completion-related revenue accounting for approximately one-third of sales and sales concentrated in certain months. - FY2020RestatedAnnual report
「In particular, on-site inspection revenue at completion, comprising completion inspections within building confirmation and inspection services and construction housing performance evaluations within housing performance evaluation services, accounts for approximately one-third of the Group's sales. Consequently, sales tend to be concentrated in March, September and December, when many buildings are completed.」
Continues to identify the risk of performance fluctuations, with completion-related revenue accounting for approximately one-third of sales and sales concentrated in certain months. - FY2018RestatedAnnual report
「In particular, on-site inspection revenue at completion, comprising completion inspections within building confirmation and inspection services and construction housing performance evaluations within housing performance evaluation services, accounts for approximately one-third of the Group's sales. Consequently, sales tend to be concentrated in March, September and December, when many buildings are completed.」
Continues to disclose the risk of performance fluctuations, with completion-related revenue accounting for approximately one-third of sales and sales concentrated in March, September and December. - FY2017RestatedAnnual report
「In particular, on-site inspection revenue at completion, comprising completion inspections within building confirmation and inspection services and construction housing performance evaluations within housing performance evaluation services, accounts for approximately one-third of the Group's sales. Consequently, sales tend to be concentrated in March, September and December, when many buildings are completed.」
Continues to disclose the risk of performance fluctuations due to seasonal concentration of completion-related revenue and projects being completed in the following period. - FY2016First statedAnnual report
「In particular, on-site inspection revenue at completion, comprising completion inspections within building confirmation and inspection services and construction housing performance evaluations within housing performance evaluation services, accounts for approximately one-third of the Group's sales. Consequently, sales tend to be concentrated in March, September and December, when many buildings are completed.」
Notes the possibility of quarterly and annual performance fluctuations due to projects being completed in the following period, among other factors.