Risk of seasonal fluctuations in performance concentrated in the fourth quarter
First written in FY2021. 1 of 5 entries say "Restated". Latest entry: FY2025.
6 other companies' latest entry also says "Dropped".
- FY2025DroppedAnnual reportThe FY2025 business and other risks do not include a separate description of the risk of seasonal fluctuations from earnings concentration in the fourth quarter.
- FY2024WorsenedAnnual report
「The quarterly composition of net sales in the packaging-related business for the fiscal years ended October 2022, 2023 and 2024 is shown in the table below. Except for the fiscal year ended October 2023, the fourth quarter accounted for the largest share.」
In FY2024, the fourth quarter had the highest net sales ratio at 28.4%, confirming a return to seasonal concentration after the exception of FY2023, when fourth-quarter concentration was temporarily absent. - FY2023MitigatedAnnual report
「The quarterly composition of net sales in the packaging-related business for the fiscal years ended October 2021, 2022 and 2023 is shown in the table below. Except for the fiscal year ended October 2023, the fourth quarter accounted for the largest share.」
In FY2023, the fourth quarter accounted for 26.1% of net sales, below the second quarter's 28.8%, so the usual concentration in the fourth quarter was not seen in that fiscal year. - FY2022RestatedAnnual report
「The quarterly composition of net sales for the fiscal year ended October 2022 was 20.5% in the first quarter, 28.1% in the second quarter, 21.8% in the third quarter and 29.6% in the fourth quarter, with the fourth quarter accounting for the largest share.」
In FY2022, the fourth quarter again had the highest net sales ratio at 29.6%, reaffirming the seasonal fluctuation risk. - FY2021First statedAnnual report
「The quarterly composition of net sales for the fiscal year ended October 2021 was 21.1% in the first quarter, 24.4% in the second quarter, 22.9% in the third quarter and 31.6% in the fourth quarter, with the fourth quarter accounting for the largest share.」
The fourth quarter has a larger weighting because demand increases during the rice harvest season, and the company states that quarterly results may not be suitable for assessing the full-year outlook.