Fluctuations in Housing Starts and Concentration of Revenue Recognition
First written in FY2016. 8 of 16 entries say "Restated". Latest entry: 2026-05-13.
Taihei Machinery Works,Limited moved to the "Worse" side of this theme in 2016, 5 years before the typical company in this theme (2021).
The whole theme swung hardest in 2020: 36 of 51 companies on the "Worse" side.
12 other companies' latest entry also says "Restated".
- 2026-05-13RestatedRevision of earnings forecasts
「Production volumes of plywood and laminated veneer lumber, which are closely related to our business, continued to decline gradually, partly due to a decrease in the number of new housing starts.」
The company continues to cite the decline in new housing starts and the downward trend in plywood and laminated veneer lumber production. - FY2025-H1RestatedAnnual report
「New housing starts and plywood and veneer production continued to follow a gradual downward trend.」
The gradual downward trends in new housing starts and plywood and veneer production continue to be reported. - FY2024RestatedAnnual report
「New housing starts are expected to continue declining, and demand for wood products, including plywood, veneer and laminated lumber, is expected to decline accordingly.」
The company continues to recognize that declining housing starts are affecting demand for wood products and performance. - FY2023RestatedAnnual report
「Among other factors, housing starts in both Japan and overseas have a significant impact on the performance of the Group.」
The company continues to recognize that housing starts in Japan and overseas have a significant impact on performance. - FY2022RestatedAnnual report
「Among other factors, housing starts in both Japan and overseas have a significant impact on the performance of the Group.」
The company continues to recognize that housing starts in Japan and overseas have a significant impact on performance. - FY2020RestatedAnnual report
「The previous fiscal year saw a temporary increase in revenue due to concentrated deliveries,」
The company explained that the previous fiscal year's increase in revenue was temporary and due to concentrated deliveries, and continues to recognize uneven revenue recognition timing as an issue. - FY2019MaterialisedAnnual report
「As deliveries were concentrated at the fiscal year-end, both revenue and profit were consequently concentrated in the fourth quarter.」
The concentration of deliveries at the fiscal year-end was reflected in full-year results as the concentration of revenue and profit in the fourth quarter. - FY2019-Q3MaterialisedAnnual report
「However, because deliveries were concentrated in the fourth quarter, results for the cumulative nine-month period of the current consolidated fiscal year were revenue of ¥2,784 million, down 40.0% year on year; an operating loss of ¥287 million, compared with operating income of ¥472 million in the same period last year; an ordinary loss of ¥265 million, compared with ordinary income of ¥483 million; and a quarterly net loss attributable to owners of the parent of ¥178 million, compared with quarterly net income attributable to owners of the parent of ¥324 million.」
The concentration of deliveries in the fourth quarter was reflected in results as a 40.0% decline in revenue and an operating loss for the cumulative nine-month period. - FY2019-Q2MaterialisedAnnual report
「However, revenue for the first half declined substantially because large projects expected to generate sales in the first half were pushed back to the second half.」
The recognition of revenue from large projects shifted from the first half to the second half, and the concentration and uneven timing of revenue recognition were reflected in results as a substantial decline in first-half revenue. - FY2019-Q1MaterialisedAnnual report
「However, revenue for the cumulative first quarter of the current consolidated fiscal year was ¥560 million, down 56.4% year on year, due in part to extended lead times for some precision components and the concentration of deliveries in the second half.」
Extended lead times for precision components and the concentration of deliveries in the second half were reflected in results as a decline in first-quarter revenue. - FY2018RestatedAnnual report
「All large machines in the core plywood machinery business are made to order and require a long production period. Deliveries are also often concentrated during extended holidays such as the year-end and New Year holidays and Obon, resulting in a tendency for revenue recognition to be concentrated.」
The long made-to-order production cycles for large machines and the concentration of deliveries continue to cause uneven revenue recognition timing. - FY2017RestatedAnnual report
「All large machines in the core plywood machinery business are made to order and require a long lead time. Construction is also often concentrated during extended holidays such as the New Year and Obon holidays, resulting in concentrated revenue recognition and becoming a negative factor for productivity improvement.」
The lead times for large made-to-order products and the concentration of construction work continue to be important factors behind uneven revenue recognition timing. - FY2017-Q3MaterialisedAnnual report
「Revenue was below the same period of the previous year because a large project generated sales during the same period last year.」
The uneven timing of revenue recognition for large projects in the same period last year continued to be reflected in results as a 32.5% year-on-year decline in revenue for the nine months ended Q3. - FY2017-Q2MaterialisedAnnual report
「Revenue was below the same period of the previous year because a large project generated sales in the same period last year.」
The uneven timing of revenue recognition for large projects in the same period last year continued to be reflected in results as a year-on-year decline in revenue for the six months ended Q2. - FY2017-Q1MaterialisedAnnual report
「Revenue was below the level in the same period of the previous year because large projects generated revenue in the same period of the previous year and because of production lead-time considerations, among other factors.」
The company explains that uneven revenue timing caused by the timing of revenue recognition for large projects and machinery production periods appeared in the results as a year-on-year decline in revenue for the current quarter. - FY2016First statedAnnual report
「Demand for the group's main products, plywood machinery, woodworking machinery and housing materials, is highly susceptible to fluctuations in new housing starts. In addition, all large machines in the core plywood machinery business are made to order and require a long time to deliver, while construction work is often concentrated during extended holidays such as the New Year and Obon holidays. The resulting concentration of revenue recognition periods is a negative factor for improving productivity.」
The company cites dependence of demand on housing starts, long production lead times for large made-to-order machines and uneven revenue timing resulting from the concentration of construction work.