Seasonal fluctuations in performance weighted toward the second half
First written in FY2016. 16 of 21 entries say "Restated". Latest entry: FY2024.
Saftec moved to the "Worse" side of this theme in 2022, 2 years before the typical company in this theme (2024).
The whole theme swung hardest in 2017: 2 of 10 companies on the "Worse" side.
1 other company's latest entry also says "Dropped".
- FY2024DroppedAnnual report
「The company had described seasonal fluctuations in business performance through the fiscal year ended March 2021, but no fluctuations were observed in March 2022 or March 2023. Although fluctuations were observed in operating profit in March 2024, sales had leveled out, so the company determined that there was no impact and discontinued the disclosure. It will include the disclosure if it determines that seasonal fluctuations pose a risk in the future.」
The company discontinued the description of seasonal fluctuations as a business risk because it determined that sales had leveled out and there was no impact. - FY2023SoftenedAnnual report
「Over the three-year period above, seasonal fluctuations were observed in the fiscal year ended March 2021, while there was no first-half/second-half fluctuation in sales in the fiscal year ended March 2022, although operating profit did fluctuate. In the fiscal year ended March 2023, no first-half/second-half fluctuations were observed in either sales or operating profit. Seasonal fluctuations are currently diminishing, but we will determine whether this resulted from the impact of COVID-19 restrictions on activities or from a change in the industry market, and assess whether they may pose a risk going forward.」
The company indicated that no first-half/second-half fluctuations were observed in either sales or operating profit in the fiscal year ended March 2023 and that the seasonal risk had weakened. However, it stated that it would determine whether this was a temporary change caused by restrictions on activities and other factors. - FY2022SoftenedAnnual report
「For the fiscal year ended March 2022, sales were higher in the first half, while operating profit was higher in the second half, and there was little difference between the first and second halves, with few seasonal factors observed. This was due to special factors, and we will continue working to minimize the impact on the assumption that seasonal factors remain a risk.」
The company explained that sales were not weighted toward the second half in the fiscal year ended March 2022 and that seasonal factors had weakened. However, it attributed this to special factors and retained the seasonal risk itself. - FY2021RestatedAnnual report
「Although the pattern has changed gradually in recent years, sales are still tending to be weighted toward the second half, and operating income or loss may consequently also be significantly affected.」
The disclosure continues to describe the risk of seasonal fluctuations in business performance resulting from the weighting toward the second half. For the fiscal year ended March 2021, sales were 47.8% in the first half and 52.2% in the second half, while operating profit was 39.4% in the first half and 60.6% in the second half. - FY2021-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The disclosure states that there have been no material changes to the risk of seasonal fluctuations in business performance resulting from the weighting toward the second half. - FY2021-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The disclosure states that there have been no material changes to the risk of seasonal fluctuations in business performance resulting from the weighting toward the second half. - FY2021-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The disclosure states that there have been no material changes to the risk of seasonal fluctuations in business performance resulting from the weighting toward the second half. - FY2020RestatedAnnual report
「Although the pattern has changed gradually in recent years, sales are still tending to be weighted toward the second half, and operating income or loss may consequently also be significantly affected.」
The disclosure states that sales remain weighted toward the second half. For the fiscal year ended March 2020, sales were 47.8% in the first half and 52.2% in the second half, while operating profit was 33.0% in the first half and 67.0% in the second half. - FY2020-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no material changes to the risk of seasonal fluctuations in business performance resulting from the weighting toward the second half. - FY2020-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second quarter of the current consolidated fiscal year. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no material changes to the risk of seasonal fluctuations in business performance resulting from the weighting toward the second half. - FY2020-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended March 31. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no material changes to the risk of seasonal fluctuations in business performance resulting from the weighting toward the second half. - FY2019SoftenedAnnual report
「Although the pattern has changed gradually in recent years, sales are still tending to be weighted toward the second half, and operating income or loss may consequently also be significantly affected.」
The weighting toward the second half remains, but an explanation was added that the pattern has been changing gradually in recent years. For the fiscal year ended March 2019, sales were 47.3% in the first half and 52.7% in the second half, while operating profit was 34.2% in the first half and 65.8% in the second half. - FY2019-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no material changes to the risk of seasonal fluctuations in business performance resulting from the weighting toward the second half. - FY2019-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second quarter of the current consolidated fiscal year. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no material changes to the risk of seasonal fluctuations in business performance resulting from the weighting toward the second half. - FY2019-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended March 31. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no material changes to the risk of seasonal fluctuations in business performance resulting from the weighting toward the second half. - FY2018-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no material changes to the risk of seasonal fluctuations in business performance resulting from the weighting toward the second half. - FY2018-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second quarter of the current consolidated fiscal year. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no material changes to the risk of seasonal fluctuations in business performance resulting from the weighting toward the second half. - FY2018-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended March 31. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no material changes to the risk of seasonal fluctuations in business performance resulting from the weighting toward the second half. - FY2017RestatedAnnual report
「First-half sales for the Group tend to decline in April and May because projects are completed by the end of March and because of Golden Week and other factors, and in August because of the summer holiday period. Second-half sales tend to increase because of projects concentrated at the end of the fiscal year, resulting in sales being weighted toward the second half and potentially having a significant effect on operating income or loss.」
The seasonal pattern of sales and operating income or loss being weighted toward the second half because of projects concentrated at the end of the fiscal year and other factors is reiterated, together with the sales composition ratios for the fiscal year. - FY2017-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The disclosure comprehensively states that there have been no material changes to the risk of seasonal fluctuations in business performance resulting from the weighting toward the second half. - FY2016First statedAnnual report
「Sales tend to be weighted toward the second half, and operating income or loss may consequently also be significantly affected.」
The disclosure presents the composition ratios of first- and second-half sales and operating income or loss for the fiscal years ended March 2014 through March 2016.