Fourth-quarter concentration of revenue recognition
First written in FY2017-Q1. 7 of 8 entries say "Restated". Latest entry: FY2026-H1.
17 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「In the water-related business, many projects for government agencies have orders and completion concentrated in the second half. Although we aim to diversify and broaden our project portfolio to include private-sector and overseas projects, performance in the interim period tends to be weak.」
In the water-related business, orders and completion of projects for government agencies are concentrated in the second half, reaffirming the seasonality of weak interim performance. The policy of diversifying and broadening the project portfolio to include private-sector and overseas projects also continues. - FY2025-H1RestatedAnnual report
「In the water-related business, many projects for government agencies have delivery deadlines and construction periods concentrated in the second half. Although we aim to diversify and broaden our project portfolio to include private-sector and overseas projects, performance in the first half currently tends to be weak.」
The seasonality of projects and revenue in the water-related business being concentrated in the second half is reaffirmed. Although the Company aims to diversify and broaden its project portfolio to include private-sector and overseas projects, the tendency toward weak first-half performance continues. - FY2024-Q2RestatedAnnual report
「Meanwhile, although revenue is recognized according to the progress of construction for some projects, performance for the second quarter of the current cumulative consolidated period was weak compared with the previous consolidated fiscal year because many projects have delivery deadlines and construction periods in the second half of the current consolidated fiscal year.」
The seasonality whereby delivery deadlines and construction periods in the water-related business are concentrated in the second half, limiting the contribution to first-half performance, is reaffirmed. - FY2023-Q2RestatedAnnual report
「In the water-related business, the consolidation of Yazawa Ferromite contributed to higher revenue, but profit contribution during the first half of the current cumulative consolidated period was limited because delivery deadlines for projects for government agencies are concentrated around the fiscal year-end.」
The seasonality whereby profit contribution during the first half is limited because delivery deadlines for projects for government agencies are concentrated around the fiscal year-end is reaffirmed. - FY2023-Q1RestatedAnnual report
「Yazawa Ferromite, which became a consolidated subsidiary, did not contribute to performance for the first quarter of the current cumulative consolidated period because projects for government agencies are concentrated at the end of the fiscal year.」
The seasonality whereby Yazawa Ferromite does not contribute to first-quarter performance because projects for government agencies are concentrated at the fiscal year-end is disclosed. - FY2017-Q3RestatedAnnual report
「The Group's revenue is subject to seasonal fluctuations because the proportion of construction projects completed tends to increase toward the end of the consolidated fiscal year.」
The seasonality of construction completion and revenue recognition being concentrated at the fiscal year-end is reaffirmed. - FY2017-Q2RestatedAnnual report
「The Group's revenue is subject to seasonal fluctuations because the proportion of construction projects completed tends to increase toward the end of the consolidated fiscal year.」
The seasonality of revenue recognition upon completion of construction projects being concentrated at the fiscal year-end is reaffirmed as a factor behind the weak performance. - FY2017-Q1First statedAnnual report
「Although the Group's performance for the first quarter of the current cumulative consolidated period was at a low level, both the energy-related business and the water-related business tend to recognize a disproportionate share of revenue in the fourth quarter of the consolidated fiscal year.」
The structural seasonality of revenue recognition upon completion of construction projects being concentrated in the fourth quarter is described for both the energy-related and water-related businesses.