Seasonality and Weather Variability Risks in the Agricultural Machinery Business
First written in FY2016. 15 of 23 entries say "Restated". Latest entry: FY2024-Q3.
Takakita moved to the "Worse" side of this theme in 2019, 1 year after the typical company in this theme (2018).
The whole theme swung hardest in 2018: 11 of 20 companies on the "Worse" side.
8 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「During the nine months ended the third quarter, there were no new business or other risks and no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes in business and other risks, including seasonality and weather-related risks. - FY2023-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
It is stated that there have been no material changes in business and other risks, including seasonality and weather-related risks. - FY2022-Q3RestatedAnnual report
「During the nine months ended the third quarter, there were no new business or other risks and no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes in the risks related to seasonality and weather fluctuations. - FY2022-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
It is stated that there have been no material changes in the risks related to seasonality and weather fluctuations. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It is stated that there have been no material changes in the risks related to seasonality and weather fluctuations. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It is stated that there have been no material changes in the risks related to seasonality and weather fluctuations. - FY2021-Q1RestatedAnnual report
「During the six months ended [current first quarter], there was no emergence of new business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
It is stated that there have been no material changes in the risks related to seasonality and weather fluctuations. - FY2020MaterialisedAnnual report
「Domestic sales declined due to unfavorable weather in early summer and the impact of powerful typhoons, as well as lower sales of the snow-removal machinery “Snow Blower” following the consumption tax increase and because of insufficient snowfall.」
It is stated that unfavorable weather, powerful typhoons and insufficient snowfall occurred during the full fiscal year as factors behind lower product sales and a decline in domestic sales. - FY2020-Q3MaterialisedAnnual report
「In addition to sluggish sales of small fertilizer spreaders due to low temperatures and insufficient sunlight in early summer and the impact of a succession of powerful typhoons, domestic sales declined because of a reaction following the consumption tax increase and lower sales of snow-removal machinery resulting from insufficient snowfall.」
Weather-related factors, including low temperatures, insufficient sunlight, powerful typhoons and insufficient snowfall, actually resulted in lower sales of fertilizer spreaders and snow-removal machinery and a decline in domestic sales. - FY2020-Q2MaterialisedAnnual report
「Delays beyond initial expectations in the introduction of equipment under the government's Livestock Cluster Program, along with the effects of adverse weather conditions, resulted in lower domestic revenue.」
The effects of unfavorable weather are actually cited as a factor behind the decrease in domestic sales. - FY2020-Q1MaterialisedAnnual report
「Domestic sales declined due to a decrease in orders for soil-preparation machinery resulting from unfavorable weather, as well as delays in the introduction of such machinery under the government’s livestock cluster program.」
The effects of unfavorable weather are actually cited as causing a decline in orders for soil-preparation machinery and a decrease in domestic sales. - FY2019RestatedAnnual report
「The fourth quarter (January to March), which falls in winter, is the off-season, so profitability tends to be lower than in the other quarters and the company may post an operating loss. In addition, crop growing conditions vary significantly depending on the weather in a given year,」
The risk that fourth-quarter seasonality and weather fluctuations will affect performance continues to be disclosed. - FY2019-Q3RestatedAnnual report
「During the nine months ended the third quarter, there were no new business or other risks and no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes in business and other risks, including seasonality and weather-related risks. - FY2019-Q1MaterialisedAnnual report
「In addition to structural factors such as the aging of agricultural workers in Japan and the decline in the number of farms, lower orders for large forage-related machinery due to adverse weather conditions resulted in lower domestic revenue.」
The effects of unfavorable weather are actually cited as a factor behind the decline in orders for large farm machinery and the decrease in domestic sales. - FY2018RestatedAnnual report
「The company’s main business is agricultural machinery. The fourth quarter (January to March), which falls in winter, is the off-season, so profitability tends to be lower than in the other quarters and the company may post an operating loss. In addition, crop growing conditions vary significantly depending on the weather in a given year, and these weather fluctuations may affect the company’s operating results, financial position and share price.」
The impact on performance from fourth-quarter seasonality and weather-related fluctuations continues to be included in the annual risk disclosures. - FY2018-Q3RestatedAnnual report
「During the nine months ended the third quarter, there were no new business or other risks and no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes in business and other risks, including seasonality and weather-related risks. - FY2018-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
It is stated that there have been no material changes in business and other risks, including seasonality and weather-related risks. - FY2018-Q1RestatedAnnual report
「During the six months ended [current first quarter], there was no emergence of new business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
It is stated that there have been no material changes in business and other risks, including seasonality and weather fluctuations. - FY2017RestatedAnnual report
「The fourth quarter (January to March), which falls in winter, is the off-season, so profitability tends to be lower than in the other quarters and the company may post an operating loss. In addition, crop growing conditions vary significantly depending on the weather in a given year,」
The seasonality of the fourth quarter and weather-related fluctuations in crop growth continue to be cited as risks. - FY2017-Q3MaterialisedAnnual report
「Domestic revenue declined due to structural issues such as the aging of agricultural workers in Japan and the decline in the number of farms, uncertainty over the outlook for TPP negotiations, and the effects of natural disasters.」
The effects of natural disasters actually occurred and were cited, together with structural issues and other factors, as reasons for the decline in domestic sales. - FY2017-Q2MaterialisedAnnual report
「Domestic revenue declined due to structural issues such as the aging of agricultural workers in Japan and the decline in the number of farms, uncertainty over the outlook for TPP negotiations, and the effects of natural disasters.」
It is stated that the effects of natural disasters actually occurred and contributed to the decline in domestic sales. - FY2017-Q1RestatedAnnual report
「During the six months ended [current first quarter], there was no emergence of new business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
It is expressly stated that there have been no material changes in business and other risks generally, and seasonality and weather-related risks continue to be treated as before. - FY2016First statedAnnual report
「The fourth quarter, from January to March, is the off-season because it falls during winter, and profitability therefore tends to be lower than in other quarters, with a possibility of recording an operating loss. In addition, crop conditions fluctuate significantly depending on the weather in a given year.」
The off-season in the fourth quarter and fluctuations in crop conditions caused by weather are identified as risks.