Earnings volatility caused by concentration in the peak season for cruise travel
First written in FY2018. 3 of 8 entries say "Materialised", first in FY2020. Latest entry: FY2026.
Bestone.Com moved to the "Worse" side of this theme in 2020.
1 other company's latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「During the current consolidated fiscal year, sales and profit were concentrated in the fourth quarter because charter cruises departing during Golden Week 2026 were operated.」
Regarding earnings volatility caused by seasonality and large projects, the company states that sales and profit were concentrated in the fourth quarter due to charter services departing during Golden Week 2026. - FY2025MitigatedAnnual report
「However, in recent years, new operating schedules, including winter cruises departing from and arriving in Naha, have been expanded, increasing demand throughout the year. As a result, seasonal fluctuations in sales have been relatively moderated, and in the most recent period quarterly net sales were generally balanced.」
The company states that expanded operations, including winter services departing from and arriving in Naha, have relatively eased the former concentration from April through September, with quarterly sales in the most recent period becoming broadly balanced. - FY2024Sharp recovery in full-year sales and update to quarterly compositionAnnual report
「For the 19th consolidated fiscal year (1 August 2023 to 31 July 2024), sales were ¥895.621 million in the first quarter, ¥372.505 million in the second quarter, ¥755.515 million in the third quarter, ¥1,113.517 million in the fourth quarter and ¥3,137.160 million for the full year.」
For the 19th fiscal year, full-year sales recovered to ¥3,137.160 million, with fourth-quarter sales of ¥1,113.517 million. The company discloses a quarterly sales composition that recovered substantially from the previous year's low level while retaining seasonal fluctuations. - FY2022Recovery in full-year sales and update to quarterly compositionAnnual report
「For the 17th consolidated fiscal year (1 August 2021 to 31 July 2022), sales were ¥27.721 million in the first quarter, ¥56.703 million in the second quarter, ¥53.688 million in the third quarter, ¥108.491 million in the fourth quarter and ¥246.604 million for the full year.」
Regarding quarterly sales illustrating seasonal fluctuations, the company reports fourth-quarter sales of ¥108.491 million and full-year sales of ¥246.604 million for the 17th fiscal year, representing a recovery from the previous fiscal year's low level. - FY2021MaterialisedAnnual report
「For the 16th consolidated fiscal year (1 August 2020 to 31 July 2021), sales were ¥13.322 million in the first quarter, ¥39.802 million in the second quarter, ¥24.038 million in the third quarter, ¥6.783 million in the fourth quarter and ¥83.947 million for the full year.」
Regarding earnings volatility caused by concentration in the peak season, the company reports 16th-fiscal-year quarterly sales of ¥13.322 million, ¥39.802 million, ¥24.038 million and ¥6.783 million, respectively, and full-year sales of ¥83.947 million. - FY2020MaterialisedAnnual report
「Sales in the third and fourth quarters declined from the previous fiscal year due to the impact of COVID-19. For the 15th consolidated fiscal year (1 August 2019 to 31 July 2020), sales were ¥704.828 million in the first quarter, ¥303.232 million in the second quarter, ¥95.067 million in the third quarter, ¥8.381 million in the fourth quarter and ¥1,111.508 million for the full year.」
Regarding the risk of seasonal fluctuations in results, including the peak season, the company states that sales in the third and fourth quarters declined year on year due to the impact of COVID-19, with fourth-quarter sales of ¥8.381 million. - FY2019RestatedAnnual report
「Due to the nature of cruise travel, the peak season for cruises in Europe and cruises departing from or arriving in Japan is from April to September each year. In particular, bookings tend to be concentrated during Golden Week in May and the summer holiday period from July to September.」
The company reiterates the seasonal risk of demand being concentrated from April through September, particularly during Golden Week and the summer holidays. - FY2018First statedAnnual report
「Because of the characteristics of cruise travel, the peak season for cruises in Europe and cruises departing from or arriving in Japan is April through September each year, with bookings tending to be concentrated particularly during Golden Week in May and the summer holiday period from July to September. Accordingly, if booking opportunities are lost during April through September, the company's results of operations may be affected.」
The company indicates the seasonal concentration of bookings from April through September and the impact on results of operations from lost opportunities during the peak season.