Risk of earnings volatility due to seasonality and product launch timing
First written in FY2018. 1 of 3 entries say "Restated". Latest entry: FY2021.
Wacom moved to the "Worse" side of this theme in 2021.
The whole theme swung hardest in 2018: 1 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Reframed".
- FY2021ReframedAnnual report
「In addition, recently, the global spread of the novel coronavirus disease (COVID-19) increased demand associated with the spread of online education and telework, affecting sales trends, and the occurrence of new events may cause performance to fluctuate in each period.」
A new source of volatility, COVID-19-related demand for online education and telework, was added to the existing risks of volatility due to seasonality and product launch timing. - FY2019RestatedAnnual report
「The performance of our Group tends to increase in the second half of the fiscal year due to factors such as the year-end shopping season and fiscal year-end demand in Japan. In addition, quarterly performance may fluctuate depending on the timing of product launches.」
The second-half concentration due to the year-end shopping season and fiscal year-end demand, and quarterly volatility due to product launch timing, continue to be disclosed as risks. - FY2018First statedAnnual report
「The performance of our Group tends to increase in the second half of the fiscal year due to factors such as the Christmas and year-end shopping seasons and fiscal year-end demand in Japan. In addition, quarterly performance may fluctuate depending on the timing of product launches.」
The risk of a second-half concentration due to seasonal shopping periods and fiscal year-end demand, as well as quarterly earnings volatility due to product launch timing, has been disclosed separately for the first time.