Quarterly earnings fluctuations caused by the concentration of 計測技研's custom orders at period-end
First written in FY2018-Q1. 1 of 3 entries say "Worsened", first in FY2018-Q2. Latest entry: FY2020.
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- FY2020DroppedAnnual reportThe business risks in this annual securities report do not list the concentration of custom orders at 計測技研 at the fiscal year-end or fluctuations in quarterly earnings as separate risk items.
- FY2018-Q2WorsenedAnnual report
「Revenue has traditionally been weighted toward the second half, and this seasonality has increased. Meanwhile, in terms of earnings, ordinary profit fell 65.8% year on year to ¥125 million, due to higher expenses associated with strengthening production bases for new businesses and accelerating overseas expansion, in addition to the decline in operating profit resulting from the increased seasonality of revenue.」
The weighting of revenue toward the second half and its seasonality increased, contributing to the decline in operating profit. Higher expenses associated with strengthening production bases for new businesses and accelerating overseas expansion also contributed, and ordinary profit fell 65.8% year on year. - FY2018-Q1First statedAnnual report
「On the earnings front, seasonality increased as sales recognition for custom orders from the new subsidiary became concentrated at the fiscal year-end. As a result, the cumulative first quarter of the current fiscal year recorded an ordinary loss of ¥16 million, compared with ordinary income of ¥57 million in the same quarter of the previous fiscal year.」
The seasonality of revenue recognition for custom orders at the new subsidiary has intensified, with revenue increasingly concentrated at the fiscal year-end, and this is cited as one factor behind the ordinary loss of ¥16 million for the quarter.