Revenue fluctuations following the completion of large-scale spot projects
First written in FY2022. 2 of 4 entries say "Materialised", first in FY2024-Q3. Latest entry: FY2025.
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- FY2025MaterialisedAnnual report
「A decline resulting from reduced volumes in certain public-sector projects, a decline following the temporary increase in work volume in the electric power industry, and a decline following the completion of projects such as COVID-19 vaccination reception centers」
A decline in earnings following the reduction or completion of large, temporary projects actually emerged as a cause of the decline in revenue for the period. - FY2024-Q3MaterialisedAnnual report
「Progress against the second-half plan has been delayed, partly because spot projects, mainly coronavirus-related projects, have declined and the company is proceeding with the replacement of some low-profitability projects.」
It is stated that a decline in spot projects actually occurred, and, together with the replacement of low-profitability projects, led to delays in the progress of the plan for the second half. - FY2023RestatedAnnual report
「We seek to limit fluctuations in business performance caused by the volume of large spot projects by setting criteria for evaluating new orders to prevent spot projects from accounting for an excessive share of revenue, promoting new contracts for work expected to continue over the medium to long term, and ensuring the profitability of existing operations.」
The risk of an earnings decline following the completion of large spot projects, together with ongoing measures involving order criteria, continuing contracts and profitability assurance, has been reconfirmed. - FY2022First statedAnnual report
「The completion of these projects and the unwinding of the resulting increase in earnings may cause the aforementioned utilization rate to return to normal levels, potentially reducing profitability in the following fiscal year.」
The risk of a temporary increase in revenue and utilization from large spot projects, followed by a decline after their completion, is described.