Reliance on Public Works and Concentration of Sales in the Fourth Quarter
First written in FY2017-Q1. 27 of 29 entries say "Restated". Latest entry: 2026-08-07.
The whole theme swung hardest in 2018: 4 of 31 companies on the "Worse" side.
34 other companies' latest entry also says "Restated".
- 2026-08-07RestatedEarnings
「Because a high proportion of our group’s net sales consists of public-sector projects, net sales tend to be concentrated at the end of the consolidated fiscal year, resulting in seasonal fluctuations in quarterly performance.」
The dependence on public-sector projects, the concentration of net sales at the fiscal year-end and seasonal fluctuations in quarterly performance have been reaffirmed. - FY2026-H1RestatedAnnual report
「The Group's sales tend to be concentrated at the end of the fiscal year because public-sector projects account for a high proportion of sales, and performance in the first and second halves of the fiscal year is subject to seasonal fluctuations.」
It reconfirms the concentration of sales at the end of the fiscal year due to dependence on public-sector projects and seasonal fluctuations in first-half and second-half performance. - FY2025-H1RestatedAnnual report
「The Group's sales tend to be concentrated at the end of the fiscal year because public-sector projects account for a high proportion of sales, and performance in the first and second halves of the fiscal year is subject to seasonal fluctuations.」
It reconfirms the concentration of sales at the end of the fiscal year due to dependence on public-sector projects and seasonal fluctuations in first-half and second-half performance. - FY2024-Q3RestatedAnnual report
「Because a high proportion of our group’s net sales consists of public-sector projects, net sales tend to be concentrated at the end of the consolidated fiscal year, resulting in seasonal fluctuations in quarterly performance.」
It reconfirms the concentration of sales at the end of the fiscal year due to dependence on public-sector projects and seasonal fluctuations in quarterly performance. - FY2024-Q2RestatedAnnual report
「Because a high proportion of our group’s net sales consists of public-sector projects, net sales tend to be concentrated at the end of the consolidated fiscal year, resulting in seasonal fluctuations in quarterly performance.」
It reconfirms the concentration of sales at the end of the fiscal year due to dependence on public-sector projects and seasonal fluctuations in quarterly performance. - FY2024-Q1RestatedAnnual report
「Because a high proportion of our group’s net sales consists of public-sector projects, net sales tend to be concentrated at the end of the consolidated fiscal year, resulting in seasonal fluctuations in quarterly performance.」
It reconfirms the concentration of sales at the end of the fiscal year due to dependence on public-sector projects and seasonal fluctuations in quarterly performance. - FY2023MitigatedAnnual report
「In addition to shifting management resources toward domestic private-sector and overseas markets, we will strengthen sales of recurring-revenue businesses to the public sector.」
In response to the risk of a deteriorating earnings environment due to dependence on public-sector projects, it specifies shifting management resources toward domestic private-sector and overseas markets and strengthening recurring-revenue businesses for the public sector as countermeasures. - FY2023-Q3RestatedAnnual report
「Because a high proportion of our group’s net sales consists of public-sector projects, net sales tend to be concentrated at the end of the consolidated fiscal year, resulting in seasonal fluctuations in quarterly performance.」
It reiterates the concentration of sales at the end of the fiscal year due to dependence on public-sector projects and seasonal fluctuations in quarterly performance. - FY2023-Q2RestatedAnnual report
「Because a high proportion of our group’s net sales consists of public-sector projects, net sales tend to be concentrated at the end of the consolidated fiscal year, resulting in seasonal fluctuations in quarterly performance.」
It reiterates the concentration of sales at the end of the fiscal year due to dependence on public-sector projects and seasonal fluctuations in quarterly performance. - FY2023-Q1RestatedAnnual report
「Because a high proportion of our group’s net sales consists of public-sector projects, net sales tend to be concentrated at the end of the consolidated fiscal year, resulting in seasonal fluctuations in quarterly performance.」
It reiterates the concentration of sales at the end of the fiscal year due to dependence on public-sector projects and seasonal fluctuations in quarterly performance. - FY2022-Q3RestatedAnnual report
「Because a high proportion of our group’s net sales consists of public-sector projects, net sales tend to be concentrated at the end of the consolidated fiscal year, resulting in seasonal fluctuations in quarterly performance.」
It reiterates the concentration of sales at the end of the fiscal year due to dependence on public-sector projects and seasonal fluctuations in quarterly performance. - FY2022-Q2RestatedAnnual report
「Because a high proportion of our group’s net sales consists of public-sector projects, net sales tend to be concentrated at the end of the consolidated fiscal year, resulting in seasonal fluctuations in quarterly performance.」
It reiterates the concentration of sales at the end of the fiscal year due to dependence on public-sector projects and seasonal fluctuations in quarterly performance. - FY2022-Q1RestatedAnnual report
「Because a high proportion of our group’s net sales consists of public-sector projects, net sales tend to be concentrated at the end of the consolidated fiscal year, resulting in seasonal fluctuations in quarterly performance.」
It reiterates the concentration of sales at the end of the fiscal year due to dependence on public-sector projects and seasonal fluctuations in quarterly performance. - FY2021-Q3RestatedAnnual report
「The Group's sales tend to be concentrated at the end of the fiscal year because public-sector projects account for a high proportion of sales, and quarterly performance is subject to seasonal fluctuations.」
It reiterates the concentration of sales at the end of the fiscal year due to dependence on public-sector projects and seasonal fluctuations in quarterly performance. - FY2021-Q2RestatedAnnual report
「The Group's sales tend to be concentrated at the end of the fiscal year because public-sector projects account for a high proportion of sales, and quarterly performance is subject to seasonal fluctuations.」
It reiterates the concentration of sales at the end of the fiscal year due to dependence on public-sector projects and seasonal fluctuations in quarterly performance. - FY2020RestatedAnnual report
「Working capital demand is short-term funding demand to cover potential shortfalls in funds for payments during the fiscal year, such as labor costs and payments to external parties, because the timing of collections from the Group's accounts receivable is concentrated around the end of the fiscal year.」
It reiterates the seasonality related to the timing of collections from accounts receivable and public-sector projects, as well as working capital demand during the fiscal year. - FY2020-Q2RestatedAnnual report
「The Group's sales tend to be concentrated at the end of the fiscal year because public-sector projects account for a high proportion of sales, and quarterly performance is subject to seasonal fluctuations.」
It reiterates the concentration of sales at the end of the fiscal year due to dependence on public-sector projects and seasonal fluctuations in quarterly performance. - FY2020-Q1RestatedAnnual report
「The Group's sales tend to be concentrated at the end of the fiscal year because public-sector projects account for a high proportion of sales, and quarterly performance is subject to seasonal fluctuations.」
It reiterates the concentration of sales at the end of the fiscal year due to dependence on public-sector projects and seasonal fluctuations in quarterly performance. - FY2019RestatedAnnual report
「Working capital demand is short-term funding demand to cover potential shortfalls in funds for payments during the fiscal year, such as labor costs and payments to external parties, because the timing of collections from the Group's accounts receivable is concentrated around the end of the fiscal year.」
It reiterates the seasonality of the business and its impact on funding needs, including the timing of collections from accounts receivable and the concentration of public-sector projects at the end of the fiscal year. - FY2019-Q3RestatedAnnual report
「The Group's sales tend to be concentrated at the end of the fiscal year because public-sector projects account for a high proportion of sales, and quarterly performance is subject to seasonal fluctuations.」
It reiterates the concentration of sales at the end of the fiscal year due to dependence on public-sector projects and seasonal fluctuations in quarterly performance. - FY2019-Q2RestatedAnnual report
「The Group's sales tend to be concentrated at the end of the fiscal year because public-sector projects account for a high proportion of sales, and quarterly performance is subject to seasonal fluctuations.」
It reiterates the concentration of sales at the end of the fiscal year due to dependence on public-sector projects and seasonal fluctuations in quarterly performance. - FY2019-Q1RestatedAnnual report
「The Group's sales tend to be concentrated at the end of the fiscal year because public-sector projects account for a high proportion of sales, and quarterly performance is subject to seasonal fluctuations.」
It reiterates the concentration of sales at the end of the fiscal year due to dependence on public-sector projects and seasonal fluctuations in quarterly performance. - FY2018RestatedAnnual report
「Because public-sector business accounts for a high proportion of the Group's operations, continued declines in public investment could intensify competition and worsen the earnings environment.」
It reiterates the possibility that high dependence on public-sector business and declining public investment could intensify competition and worsen the earnings environment. - FY2018-Q3RestatedAnnual report
「The Group's sales tend to be concentrated at the end of the fiscal year because public-sector projects account for a high proportion of sales, and quarterly performance is subject to seasonal fluctuations.」
It reiterates the concentration of sales at the end of the fiscal year due to dependence on public-sector projects and seasonal fluctuations in quarterly performance. - FY2018-Q2RestatedAnnual report
「The Group's sales are seasonal and concentrated at the end of the fiscal year because public-sector projects account for a high proportion of sales. Accordingly, sales in the second quarter generally remain at a relatively low level.」
It reiterates the concentration of sales at the end of the fiscal year due to dependence on public-sector projects and the seasonality of relatively low second-quarter sales. - FY2018-Q1RestatedAnnual report
「The Group's sales are seasonal and concentrated at the end of the fiscal year because public-sector projects account for a high proportion of sales. Accordingly, sales in the first quarter generally remain at a relatively low level.」
It reiterates the concentration of sales at the end of the fiscal year due to dependence on public-sector projects and the seasonality of relatively low first-quarter sales. - FY2017RestatedAnnual report
「Because public-sector business accounts for a high proportion of the Group's operations, continued declines in public investment could intensify competition and worsen the earnings environment.」
It identifies as a risk the possibility that high dependence on public-sector business and declining public investment could intensify competition and worsen the earnings environment. - FY2017-Q2RestatedAnnual report
「The Group's sales are seasonal and concentrated at the end of the fiscal year because public-sector projects account for a high proportion of sales. Accordingly, sales in the second quarter generally remain at a relatively low level.」
It reiterates the concentration of sales at the end of the fiscal year due to dependence on public-sector projects and the seasonality of relatively low second-quarter sales. - FY2017-Q1First statedAnnual report
「The Group's sales are seasonal and concentrated at the end of the fiscal year because public-sector projects account for a high proportion of sales.」
It identifies as a risk factor the business characteristic of high dependence on public-sector projects, which causes sales to be concentrated at the end of the fiscal year.