Seasonal fluctuations in product shipments
First written in FY2016. 2 of 3 entries say "Restated". Latest entry: FY2018.
6 other companies' latest entry also says "Restated".
- FY2018RestatedAnnual report
「The group's fourth-quarter consolidated-period sales may account for a somewhat lower proportion of annual sales. This is because shipments of spring/summer merchandise and replacement shipments of standard products tend to be relatively concentrated from January to March, shipments of products for nursery and school enrollment tend to be concentrated from December to March, and shipments of autumn/winter merchandise tend to be concentrated from September to October, while July and August in the fourth-quarter consolidated accounting period tend to be a relatively quiet period with fewer shipments to customers.」
Due to the seasonality of merchandise shipments, progress through the third quarter continues not necessarily to indicate the level of achievement of the full-year plan. - FY2017RestatedAnnual report
「This is because shipments of spring/summer merchandise and replacement shipments of standard products tend to be relatively concentrated from January to March, shipments of products for nursery and school enrollment tend to be concentrated from December to March, and shipments of autumn/winter merchandise tend to be concentrated from September to October, while July and August in the fourth-quarter consolidated accounting period tend to be a relatively quiet period with fewer shipments to customers.」
Due to the seasonality of merchandise shipments, progress through the third quarter continues not necessarily to indicate the level of achievement of the full-year plan. - FY2016First statedAnnual report
「Shipments of spring/summer merchandise and replacement shipments of standard products tend to be relatively concentrated from January to March, shipments of products for nursery and school enrollment tend to be concentrated from December to March, and shipments of autumn/winter merchandise tend to be relatively concentrated from September to October. Accordingly, July and August, within the fourth-quarter consolidated accounting period, tend to be a relatively quiet period with fewer shipments to customers.」
The company indicates the shipment timing for each product category and states that quarterly sales composition and progress through the third quarter may not indicate progress toward the full-year plan.