Concentration of sales in the fourth quarter and risk of acceptance delays
First written in FY2017. 3 of 6 entries say "Materialised", first in FY2018-Q1. Latest entry: FY2020-Q1.
No other company in this theme has enough history to compare yet.
- FY2020-Q1MaterialisedAnnual report
「Orders received remained strong, but progress in revenue was somewhat delayed.」
The company states that an actual delay occurred in the first quarter of the current fiscal year in connection with seasonality and progress delays, including delays in revenue recognition. - FY2019RestatedAnnual report
「The group prepares plans taking this seasonality into account and works to maintain and expand sales during the relevant period. However, delays in product acceptance inspections may cause the timing of revenue recognition to shift into the following fiscal year, adversely affecting the group's operating results and financial position.」
The concentration of sales in the fourth quarter, the risk of acceptance delays, and planning that takes seasonality into account continue. - FY2018MitigatedAnnual report
「The group prepares plans taking this seasonality into account and works to maintain and expand sales during the relevant period. However, delays in product acceptance inspections may cause the timing of revenue recognition to shift into the following fiscal year, adversely affecting the group's operating results and financial position.」
The concentration of sales in the fourth quarter and the risk of acceptance delays continue, while the company has explicitly identified planning that takes seasonality into account as a response. - FY2018-Q2MaterialisedAnnual report
「Orders received remained strong, but revenue declined as it is expected to be concentrated in the second half.」
The concentration of revenue recognition in the second half of the fiscal year, resulting in lower sales in the current quarter, continues to occur as the seasonal pattern in revenue recognition disclosed in the previous fiscal year. - FY2018-Q1MaterialisedAnnual report
「Orders received remained strong, but revenue recognition has been pushed back to the second quarter onward.」
The timing difference in revenue recognition disclosed as a risk in the previous fiscal year actually occurred in the first quarter of the current fiscal year. - FY2017First statedAnnual report
「The group's quarterly sales tend to be higher in the fourth quarter than in the other quarters. This is because government agencies and many private-sector companies often conduct acceptance inspections of the group's products in March, the fiscal year-end month. Delays in product acceptance inspections may cause the timing of revenue recognition to shift into the following fiscal year, adversely affecting the group's operating results and financial position.」
The company discloses the concentration of sales in the fourth quarter due to fiscal year-end acceptance inspections and the risk that delays in acceptance inspections will shift revenue recognition into the following fiscal year.