Seasonal Risk in Applications for Guarantee Contracts
First written in FY2016. 14 of 16 entries say "Restated". Latest entry: FY2023-Q1.
No other company in this theme has enough history to compare yet.
- FY2023-Q1SoftenedAnnual report
「Cumulative first quarter (1 April 2022 to 30 June 2022) There are no applicable matters.」
Regarding the seasonal fluctuations in first-quarter operating revenue disclosed previously, the cumulative first quarter is stated as having no applicable matters. - FY2022-Q2RestatedAnnual report
「Because initial guarantee fees and renewal guarantee fees for rent obligations guaranteed for residents (tenants) are concentrated in the fourth quarter, operating revenue in the fourth quarter tends to be higher than in other quarters. Accordingly, operating revenue for the cumulative second quarter represents a relatively small proportion of operating revenue for the fiscal year.」
We continue to disclose the seasonality whereby initial guarantee fees and renewal guarantee fees are concentrated in the fourth quarter, resulting in relatively low operating revenue for the cumulative second quarter. - FY2022-Q1RestatedAnnual report
「Because initial guarantee fees and renewal guarantee fees for rent obligations guaranteed for residents (tenants) are concentrated in the fourth quarter, operating revenue in the fourth quarter tends to be higher than in other quarters. Accordingly, operating revenue for the cumulative first quarter represents a relatively small proportion of operating revenue for the fiscal year.」
We continue to disclose the seasonality whereby initial guarantee fees and renewal guarantee fees are concentrated in the fourth quarter, resulting in relatively low operating revenue for the cumulative first quarter. - FY2021-Q3RestatedAnnual report
「Because initial guarantee fees and renewal guarantee fees for rent obligations guaranteed for residents (tenants) are concentrated in the fourth quarter, operating revenue in the fourth quarter tends to be higher than in other quarters. Accordingly, operating revenue for the cumulative third quarter represents a relatively small proportion of operating revenue for the fiscal year.」
We continue to disclose the seasonality whereby initial guarantee fees and renewal guarantee fees are concentrated in the fourth quarter. - FY2020-Q3RestatedAnnual report
「Because initial guarantee fees and renewal guarantee fees for rent obligations guaranteed for residents (tenants) are concentrated in the fourth quarter, operating revenue in the fourth quarter tends to be higher than in other quarters. Accordingly, operating revenue for the cumulative third quarter represents a relatively small proportion of operating revenue for the fiscal year.」
We continue to disclose the seasonality whereby initial guarantee fees and renewal guarantee fees are concentrated in the fourth quarter, resulting in relatively low operating revenue for the cumulative third quarter. - FY2020-Q2RestatedAnnual report
「Because initial guarantee fees and renewal guarantee fees for rent obligations guaranteed for residents (tenants) are concentrated in the fourth quarter, operating revenue in the fourth quarter tends to be higher than in other quarters. Accordingly, operating revenue for the cumulative second quarter represents a relatively small proportion of operating revenue for the fiscal year.」
We continue to disclose the seasonality whereby initial guarantee fees and renewal guarantee fees are concentrated in the fourth quarter, resulting in relatively low operating revenue for the cumulative second quarter. - FY2020-Q1RestatedAnnual report
「Because initial guarantee fees and renewal guarantee fees for rent obligations guaranteed for residents (tenants) are concentrated in the fourth quarter, operating revenue in the fourth quarter tends to be higher than in other quarters. Accordingly, operating revenue for the cumulative first quarter represents a relatively small proportion of operating revenue for the fiscal year.」
We continue to disclose the seasonality whereby initial guarantee fees and renewal guarantee fees are concentrated in the fourth quarter, resulting in relatively low operating revenue for the cumulative first quarter. - FY2019RestatedAnnual report
「On a cumulative basis, each quarter's share of operating revenue is approximately 29% for the first quarter, 50% for the second quarter and 71% for the third quarter.」
We reconfirmed the seasonality whereby revenue is concentrated in the fourth quarter as applications increase from February through April, together with the cumulative ratios for the current period. - FY2019-Q3RestatedAnnual report
「Because initial guarantee fees and renewal guarantee fees for rent obligations guaranteed for residents (tenants) are concentrated in the fourth quarter, operating revenue in the fourth quarter tends to be higher than in other quarters. Accordingly, operating revenue for the cumulative third quarter represents a relatively small proportion of operating revenue for the fiscal year.」
We continue to disclose the seasonality whereby initial guarantee fees and renewal guarantee fees are concentrated in the fourth quarter, resulting in relatively low operating revenue for the cumulative third quarter. - FY2019-Q1RestatedAnnual report
「Because initial guarantee fees and renewal guarantee fees for rent obligations guaranteed for residents (tenants) are concentrated in the fourth quarter, operating revenue in the fourth quarter tends to be higher than in other quarters. Accordingly, operating revenue for the cumulative first quarter represents a relatively small proportion of operating revenue for the fiscal year.」
We continue to disclose the seasonality whereby initial guarantee fees and renewal guarantee fees are concentrated in the fourth quarter, resulting in relatively low operating revenue for the cumulative first quarter. - FY2018-Q3RestatedAnnual report
「Because initial guarantee fees and renewal guarantee fees for rent obligations guaranteed for residents (tenants) are concentrated in the fourth quarter, operating revenue in the fourth quarter tends to be higher than in other quarters. Accordingly, operating revenue for the cumulative third quarter represents a relatively small proportion of operating revenue for the fiscal year.」
We continue to disclose the seasonality whereby initial guarantee fees and renewal guarantee fees are concentrated in the fourth quarter, resulting in relatively low operating revenue for the cumulative third quarter. - FY2018-Q2RestatedAnnual report
「Because initial guarantee fees and renewal guarantee fees for rent obligations guaranteed for residents (tenants) are concentrated in the fourth quarter, operating revenue in the fourth quarter tends to be higher than in other quarters. Accordingly, operating revenue for the cumulative second quarter represents a relatively small proportion of operating revenue for the fiscal year.」
We reconfirmed the seasonality whereby initial guarantee fees and renewal guarantee fees are concentrated in the fourth quarter, resulting in relatively low operating revenue for the cumulative second quarter. - FY2017RestatedAnnual report
「On a cumulative basis, each quarter's share of operating revenue is approximately 26% for the first quarter, 47% for the second quarter and 69% for the third quarter (with total operating revenue for the fiscal year ended March 2017 set at 100%).」
We reconfirmed the seasonality of revenue associated with the increase in applications from February through April, together with the cumulative ratios for the fiscal year. - FY2017-Q3RestatedAnnual report
「Because initial guarantee fees and renewal guarantee fees for rent obligations guaranteed for residents (tenants) are concentrated in the fourth quarter, operating revenue in the fourth quarter tends to be higher than in other quarters. Accordingly, operating revenue for the cumulative third quarter represents a relatively small proportion of operating revenue for the fiscal year.」
We reconfirmed the seasonality whereby initial guarantee fees and renewal guarantee fees are concentrated in the fourth quarter, resulting in relatively low operating revenue for the cumulative third quarter. - FY2017-Q1RestatedAnnual report
「Because initial guarantee fees and renewal guarantee fees for rent obligations guaranteed for residents (tenants) are concentrated in the fourth quarter, operating revenue in the fourth quarter tends to be higher than in other quarters. Accordingly, operating revenue for the cumulative first quarter represents a relatively small proportion of operating revenue for the fiscal year.」
We reconfirmed the seasonality whereby initial guarantee fees and renewal guarantee fees are concentrated in the fourth quarter, resulting in relatively low operating revenue for the cumulative first quarter. - FY2016First statedAnnual report
「On a cumulative basis, each quarter's share of the company's operating revenue is approximately 25% in the first quarter, 47% in the second quarter and 69% in the third quarter.」
The company quantifies the seasonality of revenue, based on an increase in applications from February through April.