Concentration of sales and profit due to seasonal business fluctuations
First written in FY2017. 5 of 14 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2024: 4 of 14 companies on the "Worse" side.
1 other company's latest entry also says "Other".
- FY2026Update to 72% second-half operating profit concentration rateAnnual report
「On a consolidated basis, the second half accounted on average for 53% of annual sales and 72% of annual operating profit over the past 10 fiscal years. If any business disruption occurs during this period, it could have a significant impact on business performance.」
The company continues to describe second-half concentration and has updated the 10-year average operating profit concentration rate from 73% to 72%. - FY2025Update to second-half concentration rateAnnual report
「On a consolidated basis, the second half accounted on average for 53% of annual sales and 73% of annual operating profit over the past 10 fiscal years. If any business disruption occurs during this period, it could have a significant impact on business performance.」
The wording was changed from the previous focus on fourth-quarter concentration to second-half concentration, which was quantified at 53% of sales and 73% of operating profit based on the 10-year average. - FY2024-Q1RestatedAnnual report
「However, during the cumulative first-quarter period, in addition to the challenging market environment, our business model, in which sales and profit are concentrated in the second half, particularly the fourth quarter, made business conditions difficult.」
The company continues to cite its business structure, in which sales and profit are concentrated in the second half, particularly the fourth quarter, as a factor behind the weak performance in the first quarter. - FY2023MitigatedAnnual report
「On a consolidated basis, the fourth quarter accounted on average for 28% of annual sales and 44% of annual operating profit over the past 10 fiscal years. If any business disruption occurs during this period, it could have a significant impact on business performance.」
While the fourth-quarter operating profit concentration rate declined from the previous 47% to 44%, the risk of seasonal concentration affecting business performance remains. - FY2022Decline in operating profit concentration rate to 47%Annual report
「On a consolidated basis, the fourth quarter accounted on average for 28% of annual sales and 47% of annual operating profit over the past 10 fiscal years. If any business disruption occurs during this period, it could have a significant impact on business performance.」
Regarding concentration in the fourth quarter, the 10-fiscal-year average operating profit ratio was updated to 47%. - FY2022-Q2RestatedAnnual report
「However, in addition to the challenging market environment, our business model, in which sales and profit are concentrated in the second half, particularly the fourth quarter, also contributed to the limited recovery in business performance during the cumulative second-quarter period.」
The company continues to cite its business structure, in which sales and profit are concentrated in the second half, particularly the fourth quarter, as a factor behind the limited recovery in business performance. - FY2022-Q1RestatedAnnual report
「However, in addition to the challenging market environment noted above, our business model, in which sales and profit are concentrated in the second half, particularly the fourth quarter, also contributed to the limited recovery in business performance.」
The company continues to cite its business structure, in which sales and profit are concentrated in the second half, particularly the fourth quarter, as a factor behind the limited recovery in business performance for the current quarter. - FY2021Increase in fourth-quarter operating profit concentration rateAnnual report
「On a consolidated basis, the fourth quarter accounted on average for 28% of annual sales and 51% of annual operating profit over the past 10 fiscal years. If any business disruption occurs during this period, it could have a significant impact on business performance.」
Regarding concentration in the fourth quarter, the 10-fiscal-year average operating profit ratio was updated from the previous 50% to 51%. - FY2021-Q1RestatedAnnual report
「In addition to the previously mentioned challenging operating environment, our business model, in which sales and profit are concentrated in the second half, particularly the fourth quarter, also contributed to an operating loss of ¥297 million.」
The company continues to cite its business structure, in which sales and profit are concentrated in the second half, particularly the fourth quarter, as a factor behind the loss in the first quarter. - FY2020MaterialisedAnnual report
「On a consolidated basis, the fourth quarter accounted on average for 28% of annual sales and 47% of annual operating profit over the past 10 fiscal years. If any business disruption occurs during this period, it could have a significant impact on business performance. In recent years, the Great East Japan Earthquake that occurred in March 2011 and the restraint on advertising and promotional activities due to the spread of COVID-19 from the beginning of this year had a considerable impact on business performance.」
The company quantified the concentration of profit in the fourth quarter at 28% of sales and 47% of operating profit, and stated that the restraint on advertising and promotional activities due to COVID-19 actually had a considerable impact on business performance. - FY2020-Q1RestatedAnnual report
「The previously mentioned surge in raw material prices, together with our group's business model in which sales and profit are concentrated in the second half, particularly the fourth quarter, also affected results.」
The company continues to cite its business structure, in which sales and profit are concentrated in the second half, particularly the fourth quarter, as a factor behind the operating loss for the current quarter. - FY2019Update to seasonal concentration rateAnnual report
「On a consolidated basis, the fourth quarter accounted on average for 28% of annual sales and 50% of annual operating profit over the past 10 fiscal years. If any business disruption occurs during this period, it could have a significant impact on business performance.」
Regarding concentration in the fourth quarter, the 10-fiscal-year average operating profit ratio was updated from 48% to 50%, quantifying the concentration risk. - FY2018Quantification of seasonal concentrationAnnual report
「On a consolidated basis, the fourth quarter accounted on average for 28% of annual sales and 48% of annual operating profit over the past 10 fiscal years. If any business disruption occurs during this period, it could have a significant impact on business performance.」
The company has for the first time quantified the risk of sales and operating profit being concentrated in the fourth quarter, reporting 10-fiscal-year averages of 28% of sales and 48% of operating profit. - FY2017First statedAnnual report
「As noted above, our group's business is centered on the domestic printing-related market, with commercial printing as its core business. Accordingly, many projects follow the April–March fiscal year, including printed materials updated in April and October and projects involving the use of budgets at the fiscal year-end, and sales and profit tend to be concentrated in September and March, particularly March. If any business disruption occurs in these concentrated months, it could have a significant impact on our business performance.」
Sales and profit are concentrated in September and March due to projects updated in April and October and fiscal year-end projects, and the company has for the first time explicitly identified the risk that disruptions in these concentrated months could affect business performance.