Second-half concentration of earnings due to construction schedules
First written in FY2016. 12 of 13 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 2 of 6 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Group’s sales and profit tend to be concentrated in the second half of the fiscal year.」
The structural concentration in the second half attributable to construction schedules and the timing of property handovers continues to be disclosed. - FY2024-Q1RestatedAnnual report
「The Group’s net sales tend to be concentrated in the second half of the fiscal year. Accordingly, net sales for the first quarter of the consolidated fiscal year are normally lower than those for the other quarterly accounting periods.」
The seasonality under which sales are concentrated in the second half and first-quarter sales are relatively low continues to be disclosed. - FY2023RestatedAnnual report
「The interior system components handled by the Group are generally installed during the later stages of the construction schedule for condominiums and other properties. Property handovers tend to increase toward the end of the fiscal year, as construction schedules are set to meet demand for property sales and occupancy. As a result, the Group’s sales and profit tend to be concentrated in the second half of the fiscal year.」
The structural concentration of sales and profit in the second half, resulting from installation during the later construction stages and handovers toward the end of the fiscal year, continues to be disclosed. - FY2023-Q1RestatedAnnual report
「The Group’s net sales tend to be concentrated in the second half of the fiscal year. Accordingly, net sales for the first quarter of the consolidated fiscal year are normally lower than those for the other quarterly accounting periods.」
The seasonality under which sales are concentrated in the second half and first-quarter sales are relatively low continues to be disclosed. - FY2021RestatedAnnual report
「The interior system components handled by the Group are generally installed during the later stages of the construction schedule for condominiums and other properties. Property handovers tend to increase toward the end of the fiscal year, as construction schedules are set to meet demand for property sales and occupancy. As a result, the Group’s sales and profit tend to be concentrated in the second half of the fiscal year.」
The structural concentration of sales and profit in the second half, resulting from installation during the later construction stages and handovers toward the end of the fiscal year, has been reconfirmed. - FY2020RestatedAnnual report
「The Group’s sales and profit tend to be concentrated in the second half of the fiscal year.」
The concentration of sales and profit in the second half due to the timing of interior system component installation and property handovers has been reconfirmed. - FY2020-Q1RestatedAnnual report
「Demand for product shipments generally rises mainly from July to February. Accordingly, net sales for the first quarter of the consolidated fiscal year are normally lower than those for the other quarterly accounting periods.」
Shipment demand is concentrated from July to February, confirming the seasonality under which first-quarter sales are relatively low. - FY2019RestatedAnnual report
「The interior system components handled by the Group are generally installed during the later stages of the construction schedule for condominiums and other properties. Property handovers tend to increase toward the end of the fiscal year, as construction schedules are set to meet demand for property sales and occupancy. As a result, the Group’s sales and profit tend to be concentrated in the second half of the fiscal year.」
The structural concentration of sales and profit in the second half, resulting from installation during the later construction stages and handovers toward the end of the fiscal year, has been reconfirmed. - FY2018RestatedAnnual report
「The interior system components handled by the Group are generally installed during the later stages of the construction schedule for condominiums and other properties. Property handovers tend to increase toward the end of the fiscal year, as construction schedules are set to meet demand for property sales and occupancy. As a result, the Group’s sales and profit tend to be concentrated in the second half of the fiscal year.」
The structural concentration of sales and profit in the second half, resulting from installation during the later construction stages and handovers toward the end of the fiscal year, has been disclosed again. - FY2018-Q1RestatedAnnual report
「Demand for product shipments generally rises mainly from July to February. Accordingly, net sales for the first quarter of the consolidated fiscal year are normally lower than those for the other quarterly accounting periods.」
Shipment demand is concentrated from July to February, confirming the seasonality under which first-quarter sales are relatively low. - FY2017RestatedAnnual report
「Interior system components are generally installed during the later stages of the construction schedule for condominiums and other properties. Property handovers tend to increase toward the end of the fiscal year, as construction schedules are set to meet demand for property sales and occupancy. As a result, the Group’s sales and profit tend to be concentrated in the second half of the fiscal year.」
The structural concentration of sales and profit in the second half, resulting from installation during the later construction stages and handovers toward the end of the fiscal year, has been reconfirmed. - FY2017-Q1RestatedAnnual report
「Demand for product shipments generally rises mainly from July to February. Accordingly, net sales for the first quarter of the consolidated fiscal year are normally lower than those for the other quarterly accounting periods.」
Shipment demand is concentrated from July to February, confirming the seasonality under which first-quarter sales are relatively low. - FY2016First statedAnnual report
「The Group’s sales and profit tend to be concentrated in the second half of the fiscal year.」
The disclosure describes the structural concentration of sales and profit in the second half, reflecting the timing of installation of interior system components and property handovers.