Risk of Business Performance Fluctuations Due to Public Investment Policy and Second-Half Sales Concentration
First written in FY2017. 1 of 3 entries say "Materialised", first in FY2020-Q3. Latest entry: FY2022.
The whole theme swung hardest in 2024: 9 of 38 companies on the "Worse" side.
30 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The Group offers products related to public investment. Orders and sales of these products may be affected by policies of the national government and local governments. In addition, because sales are concentrated in the second half, production is also unevenly distributed between the first and second halves.」
The Group continues to describe the risk of earnings volatility due to dependence on public investment policies and the concentration of sales in the second half. - FY2020-Q3MaterialisedAnnual report
「Regarding government demand, orders were ¥5.1 billion, down 0.1% year on year, due to the impact of plan changes and other factors related to recovery from typhoon damage in various parts of Japan.」
The Group explains that public-sector demand was affected by plan changes and other factors related to recovery from typhoon damage, resulting in a slight year-on-year decline in orders in the industrial machinery business. - FY2017First statedAnnual report
「Orders and sales of these products may be affected by policies of the national government and local governments. In addition, because sales are concentrated in the second half, production is also unevenly distributed between the first and second halves.」
The Group describes its dependence on policies related to public investment products and intra-year volatility caused by the concentration of sales in the second half.