Seasonal fluctuations resulting in lower first-quarter sales
First written in FY2022-Q1. 5 of 7 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2026: 3 of 7 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Due to the nature of our made-to-measure suit sales business, revenue is subject to seasonal fluctuations, and the proportion of revenue in the first quarter is lower than in the second, third and fourth quarters.」
The company continues to identify the seasonality resulting in relatively lower first-quarter revenue as a business-related fluctuation factor. - FY2024-Q1RestatedAnnual report
「Due to the nature of our made-to-measure suit sales business, revenue is subject to seasonal fluctuations, and the first quarter tends to account for a lower proportion of revenue than the other quarterly accounting periods.」
The company continues to explain the seasonality that results in lower first-quarter revenue than in other quarters. - FY2023RestatedAnnual report
「Due to the nature of our made-to-measure suit sales business, revenue is subject to seasonal fluctuations, and the proportion of revenue in the first quarter is lower than in the second, third and fourth quarters.」
The company continues to identify the seasonality resulting in relatively lower first-quarter revenue as a business risk. - FY2023-Q2Revenue recognition deferred due to the Lunar New Year scheduleAnnual report
「Because the Lunar New Year holiday at our main factory in China began earlier than last year, from 21 to 27 January this year compared with 31 January to 6 February last year, revenue from orders already received has been deferred substantially to the third quarter compared with the previous year, although」
The company explains that, due to the difference in the timing of the Lunar New Year holiday in China, revenue from orders already received was deferred to the third quarter. - FY2023-Q1RestatedAnnual report
「Due to the nature of our made-to-measure suit sales business, revenue is subject to seasonal fluctuations, and the first quarter tends to account for a lower proportion of revenue than the other quarterly accounting periods.」
The company continues to explain the seasonality that results in relatively lower first-quarter revenue. - FY2022RestatedAnnual report
「The proportion of revenue in the first quarter is lower than in the second, third and fourth quarters.」
The explanation of the seasonal decline in first-quarter revenue continues to be included in the full-year risk disclosures. - FY2022-Q1First statedAnnual report
「Due to the nature of our made-to-measure suit sales business, revenue is subject to seasonal fluctuations, and the first quarter tends to account for a lower proportion of revenue than the other quarterly accounting periods.」
The company explicitly identifies the business seasonality that causes first-quarter revenue to be lower than in other quarters.