Seasonal fluctuations in performance associated with customers’ fiscal year-end budget execution
First written in FY2022. 1 of 2 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2024: 4 of 13 companies on the "Worse" side.
15 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The fiscal year-end months of the Group's major customers are concentrated in March, and customers tend to execute their budgets toward the fiscal year-end. Accordingly, the Group's revenue also tends to increase in March.」
The seasonal fluctuation in revenue caused by major customers' March fiscal year-ends and year-end budget execution, as well as the risk of period shifts, continues to be disclosed. - FY2022First statedAnnual report
「The fiscal year-end months of the Group's major customers are concentrated in March, and customers tend to execute their budgets toward the fiscal year-end. Accordingly, the Group's revenue also tends to increase in March. Projects for which revenue is recorded in the final month of the fiscal year may be shifted into a different period due to factors arising on the customer side, potentially affecting the Group's performance.」
The concentration of major customers' fiscal year-ends and budget execution in March creates seasonal fluctuations in revenue, and the risk of period shifts due to customer-side factors was disclosed for the first time.