Seasonal fluctuations in performance due to fiscal year-end construction projects
First written in FY2016. 30 of 31 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2018: 4 of 31 companies on the "Worse" side.
34 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「Our major customers are largely in public utilities, including water and sewage, electricity and city gas, as well as in heavy electrical equipment and plant-related businesses where the end users are government agencies, even among private-sector customers. As a result, sales and profits tend to be subject to seasonal fluctuations, concentrating in the third-quarter accounting period (1 January to 31 March).」
The company is reaffirming the seasonality of sales and profits being concentrated in the third-quarter accounting period, with public utility-related customers among its major customers. - FY2025RestatedAnnual report
「Construction projects tend to be concentrated at the fiscal year-end in March. Accordingly, our sales and profits are subject to seasonal fluctuations, with a concentration in the second half (January to June).」
The company is reaffirming the seasonality of sales and profits being weighted toward the second half because of the concentration of fiscal year-end construction projects, as well as measures to smooth performance through expansion of its business areas and customer base and sales of proprietary software. - FY2025-H1RestatedAnnual report
「Our major customers are largely in public utilities, including water and sewage, electricity and city gas, as well as in heavy electrical equipment and plant-related businesses where the end users are government agencies, even among private-sector customers. As a result, sales and profits tend to be subject to seasonal fluctuations, concentrating in the third-quarter accounting period (1 January to 31 March).」
The company is reaffirming the seasonality of sales and profits being concentrated in the third-quarter accounting period, with public utility-related customers among its major customers. - FY2024RestatedAnnual report
「Our major customers are largely in public utilities, including water supply, electricity and gas, as well as in heavy electrical equipment and plant-related businesses where the end users are government agencies, even among private-sector customers. Construction projects tend to be concentrated at the fiscal year-end in March. Accordingly, our sales and profits are subject to seasonal fluctuations, with a concentration in the second half (January to June).」
The company is reaffirming the seasonality of sales and profits being weighted toward the second half because of the concentration of fiscal year-end construction projects. - FY2024-Q2RestatedAnnual report
「Our major customers are largely in public utilities, including water and sewage, electricity and city gas, as well as in heavy electrical equipment and plant-related businesses where the end users are government agencies, even among private-sector customers. As a result, sales and profits tend to be subject to seasonal fluctuations, concentrating in the third-quarter accounting period (1 January to 31 March).」
The company is reaffirming the seasonality of sales and profits being concentrated in the third-quarter accounting period, with public utility-related customers among its major customers. - FY2024-Q1RestatedAnnual report
「Our major customers are largely in public utilities, including water and sewage, electricity and city gas, as well as in heavy electrical equipment and plant-related businesses where the end users are government agencies, even among private-sector customers. As a result, sales and profits tend to be subject to seasonal fluctuations, concentrating in the third-quarter accounting period (1 January to 31 March).」
The company is reaffirming the seasonality of sales and profits being concentrated in the third-quarter accounting period, with public utility-related customers among its major customers. - FY2023RestatedAnnual report
「Our major customers are largely in public utilities, including water supply, electricity and gas, as well as in heavy electrical equipment and plant-related businesses where the end users are government agencies, even among private-sector customers. Construction projects tend to be concentrated at the fiscal year-end in March. Accordingly, our sales and profits are subject to seasonal fluctuations, with a concentration in the second half (January to June).」
The company is reaffirming the seasonality of sales and profits being weighted toward the second half because of the concentration of fiscal year-end construction projects. - FY2023-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new matters relating to the business or accounting information described in this quarterly report that could materially affect investment decisions, nor any material changes to the business and other risks described in the annual securities report for the preceding fiscal year.」
The company states that there have been no material changes to existing risks, including seasonal fluctuations in performance caused by fiscal year-end construction projects. - FY2023-Q2RestatedAnnual report
「Our major customers are largely in public utilities, including water and sewage, electricity and city gas, as well as in heavy electrical equipment and plant-related businesses where the end users are government agencies, even among private-sector customers. As a result, sales and profits tend to be subject to seasonal fluctuations, concentrating in the third-quarter accounting period (1 January to 31 March).」
The company is reaffirming the seasonality of sales and profits being concentrated in the third-quarter accounting period, with public utility-related customers among its major customers. - FY2023-Q1RestatedAnnual report
「Our major customers are largely in public utilities, including water and sewage, electricity and city gas, as well as in heavy electrical equipment and plant-related businesses where the end users are government agencies, even among private-sector customers. As a result, sales and profits tend to be subject to seasonal fluctuations, concentrating in the third-quarter accounting period (1 January to 31 March).」
The company is reaffirming the seasonality of sales and profits being concentrated in the third-quarter accounting period, with public utility-related customers among its major customers. - FY2022RestatedAnnual report
「Our major customers are largely in public utilities, including water supply, electricity and gas, as well as in heavy electrical equipment and plant-related businesses where the end users are government agencies, even among private-sector customers. Construction projects tend to be concentrated at the fiscal year-end in March. Accordingly, our sales and profits are subject to seasonal fluctuations, with a concentration in the second half (January to June).」
The company is reaffirming the seasonality of sales and profits being weighted toward the second half because of the concentration of fiscal year-end construction projects, with public utility-related customers among its major customers. - FY2022-Q2RestatedAnnual report
「Our major customers are largely in public utilities, including water and sewage, electricity and city gas, as well as in heavy electrical equipment and plant-related businesses where the end users are government agencies, even among private-sector customers. As a result, sales and profits tend to be subject to seasonal fluctuations, concentrating in the third-quarter accounting period (1 January to 31 March).」
The company is reaffirming the seasonality of sales and profits being concentrated in the third-quarter accounting period, with public utility-related customers among its major customers. - FY2022-Q1RestatedAnnual report
「Our major customers are largely in public utilities, including water and sewage, electricity and city gas, as well as in heavy electrical equipment and plant-related businesses where the end users are government agencies, even among private-sector customers. As a result, sales and profits tend to be subject to seasonal fluctuations, concentrating in the third-quarter accounting period (1 January to 31 March).」
The company is reaffirming the seasonality of sales and profits being concentrated in the third-quarter accounting period, with public utility-related customers among its major customers. - FY2021RestatedAnnual report
「Accordingly, our sales and profits are subject to seasonal fluctuations, with a concentration in the second half (January to June).」
The company is reaffirming the seasonality of construction projects being concentrated at the fiscal year-end, with sales and profits weighted toward the second half. - FY2021-Q3RestatedAnnual report
「In our normal course of business, deliveries of equipment and construction completions are concentrated in the third-quarter accounting period, so sales in the third-quarter accounting period tend to be higher than in other quarterly accounting periods.」
The company is reaffirming the seasonality of equipment deliveries and construction completions being concentrated in the third quarter. - FY2021-Q2RestatedAnnual report
「In our normal course of business, deliveries and construction completions are concentrated in the third-quarter accounting period, so sales in the third-quarter accounting period tend to be higher than in other quarterly accounting periods.」
The company is reaffirming the seasonality of deliveries and construction completions being concentrated in the third quarter. - FY2021-Q1RestatedAnnual report
「Our major customers are largely in public utilities, including water and sewage, electricity and city gas, as well as in heavy electrical equipment and plant-related businesses where the end users are government agencies, even among private-sector customers. As a result, sales and profits tend to be subject to seasonal fluctuations, concentrating in the third-quarter accounting period (1 January to 31 March).」
The company is reaffirming the seasonality of sales and profits being concentrated in the third-quarter accounting period, with public utility-related customers among its major customers. - FY2020RestatedAnnual report
「We will work to smooth sales and profits by expanding our business areas and customer base and promoting sales of our proprietary software.」
The company continues to identify the seasonal bias toward the second half caused by fiscal year-end construction projects and presents expansion of its business areas and customer base and sales of proprietary software as response measures. - FY2020-Q3RestatedAnnual report
「In our normal course of business, deliveries of equipment and construction completions are concentrated in the third-quarter accounting period, so sales in the third-quarter accounting period tend to be higher than in other quarterly accounting periods.」
The company is reaffirming the seasonality of equipment deliveries and construction completions being concentrated in the third quarter. - FY2020-Q2RestatedAnnual report
「In our normal course of business, deliveries and construction completions are concentrated in the third-quarter accounting period, so sales in the third-quarter accounting period tend to be higher than in other quarterly accounting periods.」
The company is reaffirming the seasonality of deliveries and construction completions being concentrated in the third quarter. - FY2019RestatedAnnual report
「Construction projects tend to be concentrated at the fiscal year-end in March. Accordingly, our sales and profits are subject to seasonal fluctuations, with a concentration in the second half (January to June).」
The company is reaffirming the seasonality of construction projects being concentrated at the fiscal year-end, with sales and profits weighted toward the second half. - FY2019-Q3RestatedAnnual report
「In our normal course of business, deliveries of equipment and construction completions are concentrated in the third-quarter accounting period, so sales in the third-quarter accounting period tend to be higher than in other quarterly accounting periods.」
The company is reaffirming the seasonality of equipment deliveries and construction completions being concentrated in the third quarter. - FY2019-Q2RestatedAnnual report
「In our normal course of business, deliveries and construction completions are concentrated in the third-quarter accounting period, so sales in the third-quarter accounting period tend to be higher than in other quarterly accounting periods.」
The company is reaffirming the seasonality of deliveries and construction completions being concentrated in the third quarter. - FY2018-Q3RestatedAnnual report
「In our normal course of business, deliveries of equipment and construction completions are concentrated in the third-quarter accounting period, so sales in the third-quarter accounting period tend to be higher than in other quarterly accounting periods.」
The company is reaffirming the seasonality of equipment deliveries and construction completions being concentrated in the third quarter. - FY2018-Q2RestatedAnnual report
「In our normal course of business, deliveries and construction completions are concentrated in the third-quarter accounting period, so sales in the third-quarter accounting period tend to be higher than in other quarterly accounting periods.」
The company is reaffirming the seasonality of deliveries and construction completions being concentrated in the third quarter. - FY2018-Q1RestatedAnnual report
「In our normal course of business, deliveries and construction completions are concentrated in the third-quarter accounting period, so sales in the third-quarter accounting period tend to be higher than in other quarterly accounting periods.」
The company is reaffirming the seasonality of deliveries and construction completions being concentrated in the third quarter. - FY2017RestatedAnnual report
「Construction projects tend to be concentrated at the fiscal year-end in March. Accordingly, our sales and profits are subject to seasonal fluctuations, with a concentration in the second half (January to June).」
The company is reaffirming the seasonality of public utility and government-related construction projects being concentrated at the fiscal year-end, with sales and profits weighted toward the second half. - FY2017-Q3RestatedAnnual report
「In our normal course of business, deliveries of equipment and construction completions are concentrated in the third-quarter accounting period, so sales in the third-quarter accounting period tend to be higher than in other quarterly accounting periods.」
The company is reaffirming the seasonality of equipment deliveries and construction completions being concentrated in the third quarter. - FY2017-Q2RestatedAnnual report
「In our normal course of business, deliveries and construction completions are concentrated in the third-quarter accounting period, so sales in the third-quarter accounting period tend to be higher than in other quarterly accounting periods.」
The company is reaffirming the seasonality of deliveries and construction completions being concentrated in the third quarter. - FY2017-Q1RestatedAnnual report
「In our normal course of business, deliveries and construction completions are concentrated in the third-quarter accounting period, so sales in the third-quarter accounting period tend to be higher than in other quarterly accounting periods.」
The company again describes the seasonality of deliveries and construction completions being concentrated in the third quarter, consistent with the previous explanation of a fiscal year-end and second-half bias. - FY2016First statedAnnual report
「Construction projects tend to be concentrated at the fiscal year-end in March. Accordingly, our sales and profits are subject to seasonal fluctuations, with a concentration in the second half (January to June).」
Construction projects related to public utilities and government agencies are concentrated at the fiscal year-end, resulting in sales and profits being weighted toward the second half.