Delayed impact on results from strong orders scheduled for second-half delivery
First written in FY2019-Q1. 4 of 8 entries say "Restated". Latest entry: FY2022-Q2.
Puequ moved to the "Worse" side of this theme in 2022, 2 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 10 of 32 companies on the "Worse" side.
21 other companies' latest entry also says "Restated".
- FY2022-Q2RestatedAnnual report
「Inquiries for the landscape-sensitive “Sea Wall” coastal flood barrier continued to increase, but many projects had lead times exceeding one year, resulting in limited results during the six months ended the second quarter of the current consolidated fiscal year.」
While inquiries for Seawall increased, many projects had lead times exceeding 1 year, and the time lag between receiving orders and recognizing results continues. - FY2022-Q1WorsenedAnnual report
「Inquiries for the landscape-conscious Seawall flood barrier continued to increase, but business performance remained subdued because recognition of results during the first quarter of the current consolidated cumulative period was limited.」
While inquiries for Seawall increased, many projects had lead times exceeding 1 year, and the time lag between receiving orders and recognizing results has been indicated more specifically and over a longer period than previously. - FY2021-Q2MitigatedAnnual report
「Against this backdrop, including progress on the national resilience plan, the Group drove performance by steadily accumulating orders for the “Sea Wall” coastal flood barrier and reflecting them in its results.」
The company explains that the accumulated Seawall orders have been reflected in results, mitigating the impact of the time lag between receiving orders and recognizing their contribution to business performance. - FY2021-Q1MitigatedAnnual report
「Overall, business performance remained solid, mainly because construction of the Seawall flood barriers carried over from the previous fiscal year progressed and contributed to results.」
Although a time lag remains between receiving Seawall orders and recognizing the results, the carryover construction projects progressed and contributed to business performance, mitigating the impact of delayed recognition. - FY2020-Q2RestatedAnnual report
「For the landscape-conscious seawall "SeaWall," in addition to projects ordered in the previous fiscal year and carried over, the company also received orders for large projects during the current fiscal year. As these results are expected to be reflected in operating performance from the third quarter onward, the business is now in a position with promising prospects.」
While orders for Seawall have accumulated, the contribution of results, including carryover projects, is expected from the third quarter onward, and the time lag between receiving orders and recognizing them continues. - FY2019-Q3RestatedAnnual report
「The landscape-conscious seawall "SeaWall," for which full-scale sales activities are under way, has accumulated an order track record, including projects currently under construction, placing it in a position with promising prospects.」
Orders received have accumulated, but the company remains in a position of waiting for their contribution to future business performance, including projects under construction. - FY2019-Q2RestatedAnnual report
「Several large-scale inquiries have arisen, and we expect them to be reflected in future business performance.」
While large-scale inquiries have arisen, their contribution to business performance is expected in the future, and the time lag between receiving orders and recognizing results continues. - FY2019-Q1First statedAnnual report
「As a result of these activities, orders have progressed smoothly and ahead of expectations. However, since many of these orders are scheduled for delivery in the second half or later, their contribution to results has been deferred until the second half or later of the current fiscal year.」
While orders for SEAWALL have remained strong, many are scheduled for delivery in the second half or later, and the carryover of their contribution to sales and results until the second half or later has emerged as a separate theme for the first time.