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Asnova (9223) · RiskQuarterly Results Updated

Seasonal Concentration in the Third Quarter

First written in FY2022. 2 of 6 entries say "Restated". Latest entry: FY2026.

6entries
5years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseOtherFY2022 – FY20262022: 120222023: 120232024: 220242025: 120252026: 12026
Same theme, other companies
Quarterly earnings concentration caused by the timing of budget execution, project progress and acceptance inspections for public-sector and customer projectsA theme 59 companies write about · 59 as a headwind · 0 as a tailwind

The whole theme swung hardest in 2018: 4 of 31 companies on the "Worse" side.

1 other company's latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 59 companies compared. The sentences above are computed from all 59.
Full recordFilings, disclosures and news, newest first
  1. FY2026Quarterly Results UpdatedAnnual report

    「First quarter 902,918, (121,975); second quarter 1,318,869, 28,768; third quarter 1,404,100, 112,704; fourth quarter 1,289,292, (14,070).」

    FY2026 quarterly results were added. Third-quarter revenue and operating income were the highest, while the first and fourth quarters recorded operating losses.
  2. FY2025Quarterly Results UpdatedAnnual report

    「First quarter 943, (35); second quarter 1,026, 17; third quarter 1,179, 118; fourth quarter 1,116, (52).」

    Quarterly revenue and operating income or loss for FY2025 were added. Third-quarter revenue and operating income were the highest, while the first and fourth quarters recorded operating losses.
  3. FY2024Quarterly Results UpdatedAnnual report

    「First quarter 792, 0; second quarter 916, 81; third quarter 1,052, 141; fourth quarter 1,024, 127.」

    Quarterly revenue and operating income or loss for the fiscal year ended March 2024 were added. Third-quarter revenue was ¥1,052 million and operating income was ¥141 million, providing updated evidence of seasonality.
  4. FY2024-Q3RestatedAnnual report

    「Our small and medium-sized scaffolding contractors, who are customers, tend to have project deadlines concentrated at the end of March. Scaffolding is erected before those deadlines, causing our revenue to be concentrated in the third quarter. However, much of the depreciation expense arising from temporary equipment and equipment-center operating expenses are fixed costs incurred regardless of revenue, so weak revenue could result in an operating loss.」

    In addition to third-quarter seasonality, the company explicitly identifies the possibility of operating losses due to fixed costs. Reference quarterly figures for the fiscal year ended March 2023 were revenue of ¥673 million, ¥789 million, ¥894 million and ¥782 million, and operating income or loss of ¥(21) million, ¥11 million, ¥146 million and ¥50 million, respectively.
  5. FY2023RestatedAnnual report

    「Although our revenue and earnings tend to be concentrated in the third quarter, results in quarters other than the third quarter may be weak.」

    The company continues to disclose the seasonal concentration in the third quarter resulting from deadlines at the end of March.
  6. FY2022First statedAnnual report

    「Although our revenue and earnings tend to be concentrated in the third quarter, results in quarters other than the third quarter may be weak.」

    The company attributes seasonal variation in quarterly results to customer project deadlines being concentrated at the end of March.
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Seasonal Concentration in the Third Quarter | ASNOVA Co.,Ltd. (9223) | Komori