Fluctuations in First- and Second-Half Performance Due to the Timing of Condominium Completions
First written in FY2017-Q1. 19 of 23 entries say "Restated". Latest entry: 2026-05-14.
Amg Holdings moved to the "Worse" side of this theme in 2024, the same year as the typical company in this theme.
The whole theme swung hardest in 2024: 6 of 29 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- 2026-05-14WorsenedEarnings
「As a result, in the construction business, handover of projects already under construction and the start of projects scheduled for the future may be delayed, and changes in construction periods are expected to affect the timing of revenue recognition and profit. In the real estate development business, completion of buildings may also be delayed, resulting in delays in property sales and handovers.」
The company specifically describes the potential for procurement impacts to delay construction starts and handovers, building completion, and property sales and handovers. - FY2024WorsenedAnnual report
「The condominium development business is subject to significant fluctuations in results from period to period due to economic conditions, the status of project land acquisitions, the timing of construction handovers and other factors.」
In addition to the possibility of fluctuations in first-half, second-half and quarterly results, the disclosure explicitly states that results fluctuate significantly from period to period depending on economic conditions, land acquisitions and the timing of construction handovers. - FY2023SoftenedAnnual report
「In the condominium development business, revenue is recognized when condominiums are handed over to customers after sales contracts have been concluded. Accordingly, operating results may fluctuate between the first and second halves depending on the timing of condominium completions.」
The risk of interim-period fluctuations due to variations in the timing of completions continues, but the wording has changed from the previous expression, “tend to fluctuate,” to “may fluctuate,” making the risk disclosure somewhat more general. - FY2023-Q3RestatedAnnual report
「In the Group's core condominium development business, revenue is recognized when condominiums are handed over to customers after sales contracts have been concluded. Accordingly, operating results tend to fluctuate between the first and second halves depending on the timing of condominium completions. In the current fiscal year, results are concentrated in the fourth quarter.」
The disclosure continues to explain that interim-period results fluctuate depending on the timing of completions because revenue is recognized upon handover, and states that results in the current fiscal year are concentrated in the fourth quarter. - FY2023-Q2RestatedAnnual report
「In the Group's core condominium development business, revenue is recognized when condominiums are handed over to customers after sales contracts have been concluded. Accordingly, operating results tend to fluctuate between the first and second halves depending on the timing of condominium completions.」
The disclosure continues to explain that revenue recognized upon handover and operating results in the first and second halves fluctuate depending on variations in the timing of condominium completions. - FY2023-Q1RestatedAnnual report
「In our core condominium development business, revenue is recognized when condominiums are handed over to customers after sales contracts have been concluded. Accordingly, operating results tend to fluctuate between the first and second halves depending on the timing of condominium completions.」
The disclosure continues to explain that interim-period results fluctuate because revenue is recognized upon handover and the timing of condominium completions varies. - FY2022-Q3RestatedAnnual report
「In the Group's core condominium development business, revenue is recognized when condominiums are handed over to customers after sales contracts have been concluded. Accordingly, operating results tend to fluctuate between the first and second halves depending on the timing of condominium completions. In the current fiscal year, results are concentrated in the fourth quarter.」
The disclosure continues to explain that interim-period results fluctuate depending on the timing of completions because revenue is recognized upon handover, and states that results in the current fiscal year are concentrated in the fourth quarter. - FY2022-Q2RestatedAnnual report
「In the Group's core condominium development business, revenue is recognized when condominiums are handed over to customers after sales contracts have been concluded. Accordingly, operating results tend to fluctuate between the first and second halves depending on the timing of condominium completions. In the current fiscal year, results are concentrated in the fourth quarter.」
The disclosure continues to explain that interim-period results fluctuate depending on the timing of completions because revenue is recognized upon handover, and states that results in the current fiscal year are concentrated in the fourth quarter. - FY2021-Q2RestatedAnnual report
「In our core condominium development business, revenue is recognized when condominiums are handed over to customers after sales contracts have been concluded. Accordingly, operating results tend to fluctuate between the first and second halves depending on the timing of condominium completions. In the current fiscal year, results are concentrated in the fourth quarter.」
The disclosure continues to explain that interim-period results fluctuate depending on the timing of completions because revenue is recognized upon handover, and states that results in the current fiscal year are concentrated in the fourth quarter. - FY2021-Q1RestatedAnnual report
「In our core condominium development business, revenue is recognized when condominiums are handed over to customers after sales contracts have been concluded. Accordingly, operating results tend to fluctuate between the first and second halves depending on the timing of condominium completions.」
The disclosure continues to explain that operating results in the first and second halves fluctuate because revenue is recognized upon handover and the timing of condominium completions varies. - FY2020-Q3RestatedAnnual report
「In our core condominium development business, revenue is recognized when condominiums are handed over to customers after sales contracts have been concluded. Accordingly, operating results tend to fluctuate between the first and second halves depending on the timing of condominium completions.」
The disclosure continues to include, as a standalone item, the explanation that operating results in the first and second halves fluctuate because revenue is recognized upon handover and the timing of condominium completions varies. - FY2020-Q2RestatedAnnual report
「In our core condominium development business, revenue is recognized when condominiums are handed over to customers after sales contracts have been concluded. Accordingly, operating results tend to fluctuate depending on the timing of condominium completions.」
The disclosure continues to include, as a standalone item, the risk that operating results fluctuate because revenue is recognized upon handover and the timing of condominium completions varies. - FY2019RestatedAnnual report
「In our core condominium development business, revenue is recognized when condominiums are handed over to customers after sales contracts have been concluded. Accordingly, operating results tend to fluctuate between the first and second halves depending on the timing of condominium completions.」
The disclosure continues to explain that results fluctuate between the first and second halves because revenue is recognized upon handover and the timing of condominium completions varies. - FY2019-Q3RestatedAnnual report
「In our core condominium development business, revenue is recognized when condominiums are handed over to customers after sales contracts have been concluded. Accordingly, operating results tend to fluctuate between the first and second halves depending on the timing of condominium completions.」
The disclosure continues to explain that operating results in the first and second halves fluctuate because revenue is recognized upon handover and the timing of condominium completions varies. - FY2019-Q2RestatedAnnual report
「In our core condominium development business, revenue is recognized when condominiums are handed over to customers after sales contracts have been concluded. Accordingly, operating results tend to fluctuate depending on the timing of condominium completions.」
The disclosure continues to explain that operating results fluctuate because revenue is recognized upon handover and the timing of condominium completions varies. - FY2019-Q1RestatedAnnual report
「In our core condominium development business, revenue is recognized when condominiums are handed over to customers after sales contracts have been concluded. Accordingly, operating results tend to fluctuate between the first and second halves depending on the timing of condominium completions.」
The disclosure continues to explain that results fluctuate between the first and second halves because revenue is recognized upon handover and the timing of condominium completions varies. - FY2018RestatedAnnual report
「In our core condominium development business, revenue is recognized when condominiums are handed over to customers after sales contracts have been concluded. Accordingly, operating results tend to fluctuate between the first and second halves depending on the timing of condominium completions.」
The disclosure continues to explain that results fluctuate between the first and second halves because revenue is recognized upon handover and the timing of condominium completions varies. - FY2018-Q2RestatedAnnual report
「In our core condominium development business, revenue is recognized when condominiums are handed over to customers after sales contracts have been concluded. Accordingly, operating results tend to fluctuate depending on the timing of condominium completions.」
The disclosure continues to explain that revenue recognized upon handover and operating results fluctuate depending on variations in the timing of condominium completions. - FY2018-Q1RestatedAnnual report
「In our core condominium development business, revenue is recognized when condominiums are handed over to customers after sales contracts have been concluded. Accordingly, operating results tend to fluctuate between the first and second halves depending on the timing of condominium completions.」
The disclosure continues to explain that results fluctuate between the first and second halves because revenue is recognized upon handover and the timing of completions varies. - FY2017RestatedAnnual report
「In our core condominium development business, revenue is recognized when condominiums are handed over to customers after sales contracts have been concluded. Accordingly, operating results tend to fluctuate between the first and second halves depending on the timing of condominium completions.」
The disclosure continues to explain that results fluctuate between the first and second halves because revenue is recognized upon handover and the timing of completions varies. - FY2017-Q3RestatedAnnual report
「In our core condominium development business, revenue is recognized when condominiums are handed over to customers after sales contracts have been concluded. Accordingly, operating results tend to fluctuate between the first and second halves depending on the timing of condominium completions.」
The disclosure continues to explain that results fluctuate between the first and second halves because revenue is recognized upon handover and the timing of completions varies. - FY2017-Q2RestatedAnnual report
「In our core condominium development business, revenue is recognized when condominiums are handed over to customers after sales contracts have been concluded. Accordingly, operating results tend to fluctuate between the first and second halves depending on the timing of condominium completions.」
The disclosure continues to explain that results fluctuate between the first and second halves because revenue is recognized upon handover and the timing of completions varies. - FY2017-Q1First statedAnnual report
「In our core condominium development business, revenue is recognized when condominiums are handed over to customers after sales contracts have been concluded. Accordingly, operating results tend to fluctuate between the first and second halves depending on the timing of condominium completions.」
Because revenue is recognized upon handover, the disclosure describes fluctuations in interim-period results caused by variations in the timing of condominium completions.