Lower first-quarter profit due to the timing of construction completions
First written in FY2017-Q1. 24 of 25 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 2 of 6 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Group operates primarily in business areas related to construction work and is affected by seasonal fluctuations in the economic environment and construction demand. The Group takes measures to minimize these risks by rigorously managing the progress of large-scale construction projects.」
Reconfirming the risk that seasonal fluctuations in construction work and construction delays may affect results, and the response through progress management of large-scale construction projects. - FY2026-H1RestatedAnnual report
「Because construction projects are completed mainly in the second half of the fiscal year, there is a seasonal characteristic of significantly lower profit.」
Reconfirming the seasonality of lower profit through the interim period because construction projects are completed mainly in the second half of the fiscal year. - FY2025-H1RestatedAnnual report
「Because construction projects are completed mainly in the second half of the fiscal year, there is a seasonal characteristic of significantly lower profit.」
Reconfirming the seasonality of lower profit through the interim period because construction projects are completed mainly in the second half of the fiscal year. - FY2024RestatedAnnual report
「The Group takes measures to minimize these risks by rigorously managing the progress of large-scale construction projects.」
Reconfirming the risk that seasonal fluctuations in construction work and construction delays may affect results, and the response through progress management of large-scale construction projects. - FY2024-Q1RestatedAnnual report
「Because construction projects are completed mainly in the second half of the fiscal year, there is a seasonal characteristic of significantly lower profit.」
Reconfirming the seasonality that first-quarter profit is low because construction projects are completed mainly in the second half of the fiscal year. - FY2023RestatedAnnual report
「The Group operates primarily in business areas related to construction work and is affected by seasonal fluctuations in the economic environment and construction demand. The Group takes measures to minimize these risks by rigorously managing the progress of large-scale construction projects.」
Reconfirming the seasonal fluctuation and construction delay risks, and the response through progress management of large-scale construction projects. - FY2023-Q2RestatedAnnual report
「Because construction projects are completed mainly in the second half of the fiscal year, there is a seasonal characteristic of significantly lower profit.」
Reconfirming the seasonality that profit remains low through the cumulative second quarter because construction projects are completed mainly in the second half of the fiscal year. - FY2023-Q1RestatedAnnual report
「Because construction projects are completed mainly in the second half of the fiscal year, there is a seasonal characteristic of significantly lower profit.」
Reconfirming the seasonality that first-quarter profit is low because construction projects are completed mainly in the second half of the fiscal year. - FY2022RestatedAnnual report
「The Group operates primarily in business areas related to construction work and is affected by seasonal fluctuations in the economic environment and construction demand. If progress on a large-scale project such as construction work falls behind due to construction delays or other factors, sales and other amounts may be recognized in the month or fiscal year following the originally scheduled period, resulting in so-called month shifts and fiscal-year shifts. This may affect the Group's operating results and financial position.」
Reconfirming the risk that seasonal fluctuations in construction work and delays in large-scale projects may cause month shifts and fiscal-year shifts, affecting results. - FY2022-Q2RestatedAnnual report
「Because construction projects are completed mainly in the second half of the fiscal year, there is a seasonal characteristic of significantly lower profit.」
Reconfirming the seasonality that profit remains low through the cumulative second quarter because construction projects are completed mainly in the second half of the fiscal year. - FY2022-Q1RestatedAnnual report
「Because construction projects are completed mainly in the second half of the fiscal year, there is a seasonal characteristic of significantly lower profit.」
Reconfirming the seasonality that first-quarter profit is low because construction projects are completed mainly in the second half of the fiscal year. - FY2021RestatedAnnual report
「The Group operates primarily in business areas related to construction work and is affected by seasonal fluctuations in the economic environment and construction demand. If progress on a large-scale project such as construction work falls behind due to construction delays or other factors, sales and other amounts may be recognized in the month or fiscal year following the originally scheduled period, resulting in so-called month shifts and fiscal-year shifts. This may affect the Group's operating results and financial position.」
Reconfirming the risk that seasonal fluctuations in construction work and delays in large-scale projects may cause month shifts and fiscal-year shifts, affecting results. - FY2021-Q2RestatedAnnual report
「Because construction projects are completed mainly in the second half of the fiscal year, there is a seasonal characteristic of significantly lower profit.」
Reconfirming the seasonality that profit remains low through the cumulative second quarter because construction projects are completed mainly in the second half of the fiscal year. - FY2021-Q1RestatedAnnual report
「The Group's results for the first quarter cumulative period of the consolidated fiscal year have a seasonal characteristic of being significantly lower in terms of profit because construction projects are completed mainly in the second half of the fiscal year.」
Reconfirming the seasonality that first-quarter profit is low because construction projects are completed mainly in the second half of the fiscal year. - FY2020RestatedAnnual report
「If progress on a large-scale project such as construction work falls behind due to construction delays or other factors, sales and other amounts may be recognized in the month or fiscal year following the originally scheduled period, resulting in so-called month shifts and fiscal-year shifts. This may affect the Group's operating results and financial position.」
Reconfirming the risk that construction seasonality and delays in large-scale projects may cause month shifts and fiscal-year shifts, affecting results. - FY2020-Q2RestatedAnnual report
「The Group's results for the first six months of the fiscal year have a seasonal characteristic of significantly lower profit because construction projects are completed mainly in the second half of the fiscal year.」
Reconfirming the seasonality that profit remains low through the cumulative second quarter because construction projects are completed mainly in the second half of the fiscal year. - FY2020-Q1RestatedAnnual report
「The Group's results for the first quarter cumulative period of the consolidated fiscal year have a seasonal characteristic of being significantly lower in terms of profit because construction projects are completed mainly in the second half of the fiscal year.」
Reconfirming the seasonality that first-quarter profit is low because construction projects are completed mainly in the second half of the fiscal year. - FY2019-Q2RestatedAnnual report
「The Group's results for the first six months of the fiscal year have a seasonal characteristic of significantly lower profit because construction projects are completed mainly in the second half of the fiscal year.」
The company reconfirms the seasonality of lower profit through the first six months of the fiscal year because construction projects are completed mainly in the second half of the fiscal year. - FY2019-Q1RestatedAnnual report
「The Group's results for the first quarter cumulative period of the consolidated fiscal year have a seasonal characteristic of being significantly lower in terms of profit because construction projects are completed mainly in the second half of the fiscal year.」
Reconfirming the seasonality that first-quarter profit is low because construction projects are completed mainly in the second half of the fiscal year. - FY2018RestatedAnnual report
「The Group seeks to ensure rigorous progress management when it receives orders for large-scale projects such as construction work. However, if project progress falls behind the original schedule due to construction delays or other factors, sales and other amounts may be recognized in the month or fiscal year following the originally scheduled period, resulting in so-called month shifts and fiscal-year shifts. These developments may affect the Group's operating results and financial position.」
Reconfirming the risk that construction seasonality and delays in large-scale projects may cause month shifts and fiscal-year shifts, affecting results. - FY2018-Q2RestatedAnnual report
「The Group's results for the first six months of the fiscal year have a seasonal characteristic of significantly lower profit because construction projects are completed mainly in the second half of the fiscal year.」
The company reconfirms the seasonality of lower profit through the first six months of the fiscal year because construction projects are completed mainly in the second half of the fiscal year. - FY2018-Q1RestatedAnnual report
「The Group's first-quarter results have a seasonal characteristic of significantly lower profit because construction projects are completed mainly in the second half of the fiscal year.」
The company reconfirms the seasonality of lower first-quarter profit because construction projects are completed mainly in the second half of the fiscal year. - FY2017RestatedAnnual report
「The Group mainly operates in business areas related to construction and other work and, due to the nature of its businesses, is affected by seasonal fluctuations in the economic environment and construction demand, among other factors. When the Group receives orders for large-scale construction and other projects, it works to manage progress thoroughly. However, when project progress falls behind the original schedule due to construction delays or other factors, revenue and other amounts may be recognized in the month or fiscal year following the originally scheduled timing, resulting in what is commonly referred to as a month shift or fiscal-year shift.」
The disclosure states that, in addition to seasonality in construction, month shifts and fiscal-year shifts caused by construction delays are factors behind fluctuations in results. - FY2017-Q2RestatedAnnual report
「The Group's results for the first six months of the fiscal year have a seasonal characteristic of significantly lower profit because construction projects are completed mainly in the second half of the fiscal year.」
The company reconfirms the seasonality of lower profit through the second quarter due to construction projects being completed mainly in the second half of the fiscal year. - FY2017-Q1First statedAnnual report
「The Group's first-quarter results have a seasonal characteristic of significantly lower profit because construction projects are completed mainly in the second half of the fiscal year.」
The disclosure describes as a structural fact the seasonality of lower first-quarter profit because construction projects are completed mainly in the second half of the fiscal year.