Fluctuations in first-half performance due to the concentration of project acceptance in the second half
First written in FY2017-Q2. 12 of 17 entries say "Materialised", first in FY2019-Q1. Latest entry: FY2023-Q1.
Japan Process Development moved to the "Worse" side of this theme in 2019, 7 years before the typical company in this theme (2026).
The whole theme swung hardest in 2019: 1 of 8 companies on the "Worse" side.
0 other companies' latest entry also says "Mitigated".
- FY2023-Q1MitigatedAnnual report
「In the specific information systems business, the crisis management-related business performed well as large-scale contract projects continued.」
Regarding the crisis management-related business, where performance fluctuations had previously been attributed to delays in development work and acceptance timing, it states that continuing large-scale contract projects led to steady performance. - FY2022MaterialisedAnnual report
「Although the large-scale contract project continuing from the previous fiscal year progressed steadily in the conventional railway operations management system, both revenue and profit declined because the volume of work decreased in the fourth quarter.」
While the large-scale contract project progressed, the decline in fourth-quarter work volume reduced revenue and profit, and the concentration of project and work timing also appeared in the current period's results. - FY2022-Q3MaterialisedAnnual report
「In crisis management, staffing was expanded as part of a large-scale contract project got under way, but both revenue and profit declined because full-scale development work will begin from the fourth quarter onward.」
The concentration of acceptance and work timing, with full-scale development work for the large-scale contract project scheduled for the fourth quarter or later, is appearing as declines in revenue and profit. - FY2022-Q2MaterialisedAnnual report
「In the crisis management-related business, although part of a large-scale contract project had started, both revenue and profit declined because full-scale development work was scheduled for the third quarter or later. As a result, revenue was ¥312 million, down 2.6% year on year, and segment profit was ¥73 million, down 13.3%.」
The concentration of acceptance and work timing, with full-scale development work for the large-scale contract project scheduled for the third quarter or later, actually appeared as declines in revenue and segment profit. - FY2022-Q1MaterialisedAnnual report
「In the crisis management-related business, a large-scale contract project had started, but the business remained flat because full-scale development work was scheduled for the second half or later. As a result, revenue was ¥162 million, up 1.9% year on year, and segment profit was ¥35 million, down 19.6%.」
The concentration of acceptance and work timing, with full-scale development work for the large-scale contract project scheduled for the second half or later, appeared as the crisis management-related business remaining flat and segment profit declining year on year. - FY2021-Q3MaterialisedAnnual report
「Meanwhile, the Tokyo metropolitan transport management system and the conventional railway operations management system fell below the previous year in revenue because acceptance was scheduled for the fourth quarter.」
The concentration of contract-project acceptance in the second half, resulting from acceptance being scheduled for the fourth quarter, actually appeared as revenue in the Tokyo metropolitan transport management system and conventional railway operations management system falling below the previous year. - FY2021-Q2MaterialisedAnnual report
「Meanwhile, the Tokyo metropolitan transport management system and the conventional railway operations management system fell below the previous year in both revenue and profit because acceptance was scheduled for the third quarter or later.」
The concentration of contract-project acceptance in the second half, resulting from acceptance being scheduled for the third quarter or later, actually appeared as revenue and profit in the Tokyo metropolitan transport management system and conventional railway operations management system falling below the previous year. - FY2021-Q1MaterialisedAnnual report
「The Shinkansen operations management system performed steadily, supported by replacement projects. Meanwhile, the Tokyo metropolitan transport management system and the conventional railway operations management system fell below the previous year in both revenue and profit because acceptance was scheduled for the second quarter or later.」
Acceptance of the Tokyo metropolitan transport management system and conventional railway operations management system projects was scheduled for the second quarter or later, and the concentration of acceptance timing appeared as first-quarter revenue and profit falling below the previous year. - FY2020-Q3MaterialisedAnnual report
「The Tokyo metropolitan transport management system and the Shinkansen operations management system performed well, while the conventional railway operations management system fell below the previous year because multiple contract projects were scheduled for acceptance in the fourth quarter.」
The concentration of project acceptance timing caused by contract projects being scheduled for acceptance in the fourth quarter actually appeared as the conventional railway operations management system falling below the previous year. - FY2019MaterialisedAnnual report
「In the specific information systems business, staffing in the geospatial information-related business was reduced, while staffing in the autonomous driving/advanced driver assistance-related business was expanded for road-sign image recognition and identification projects. In the crisis management-related business, although a large contract project was accepted in the fourth quarter, over-assignment due to schedule delays occurred in some projects.」
It states that the concentration of projects accepted in the fourth quarter continued, with large contract projects scheduled for acceptance in that quarter, and that over-assignment due to schedule delays actually occurred. - FY2019-Q3MaterialisedAnnual report
「In the specific information systems business, the crisis management-related business fell below the previous year in both revenue and profit because acceptance of large contract projects was scheduled for the fourth quarter. Although the geospatial information-related business reduced its staffing, the autonomous driving/advanced driver assistance-related business expanded its staffing for image recognition and identification projects involving road signs. As a result, revenue was ¥355 million, down 18.4% year on year, and segment profit was ¥80 million, down 23.7%.」
The decline in revenue and profit caused by acceptance of large contract projects being scheduled for the fourth quarter actually occurred in the specific information systems business and was quantified as declines in revenue and segment profit. - FY2019-Q2MaterialisedAnnual report
「In specialized information systems, revenue and profit in crisis management fell below the previous year because acceptance of a large-scale contract project will occur from the third quarter onward. In addition, although staffing in geographic information systems was reduced, staffing in autonomous driving and advanced driver assistance was expanded for image recognition and identification projects involving road signs. As a result, revenue was ¥222 million, down 26.2% year on year, and segment profit was ¥47 million, down 41.0%.」
The decline in revenue and profit caused by the acceptance of large contract projects being deferred to the third quarter or later has actually occurred and been quantified in the specific information systems business. - FY2019-Q1MaterialisedAnnual report
「However, profit fell below the previous year because some contract projects in the control systems and specialized information systems businesses will be accepted from the second quarter onward. As a result, revenue for the first quarter of the current consolidated cumulative period was ¥1,479 million, up 6.5% year on year, while operating profit was ¥123 million, down 8.7%.」
The fact that acceptance of contract projects will occur from the second quarter onward actually emerged as a factor behind the decline in profit for the current quarter, with operating profit down 8.7% year on year. - FY2018-Q2MitigatedAnnual report
「In the contract-heavy transportation-related control systems and specialized information systems businesses, acceptances had been unusually concentrated in the second half of the previous year. In addition, some contract projects scheduled for acceptance in the second half of the current fiscal year were accepted earlier than planned, resulting in revenue and profit substantially exceeding the previous year.」
While the concentration of acceptances in the second half of the previous year is cited as a factor behind fluctuations, it is explained that some projects were accepted earlier than planned in the current fiscal year, mitigating the impact on first-half results. - FY2018-Q1RestatedAnnual report
「In the contract-heavy transportation-related control systems and specialized information systems businesses, acceptances had been unusually concentrated in the second half of the previous fiscal year. In addition, some contract projects were accepted during the current first quarter, resulting in revenue and profit substantially exceeding the previous year.」
The concentration of acceptances in the second half of the previous fiscal year and the acceptance of some projects during the current quarter continue to be explained as factors behind fluctuations in results. - FY2017-Q3RestatedAnnual report
「In addition to the large number of projects accepted in the fourth quarter in the contract-heavy specialized information systems and transportation-related control systems businesses, company-wide revenue has been more concentrated in the fourth quarter than in the previous fiscal year.」
The company continues to explain that the concentration of project acceptances and revenue in the fourth quarter is a factor behind fluctuations in first-half and interim results. - FY2017-Q2First statedAnnual report
「In addition to the large number of projects accepted from the third quarter onward in the contract-heavy specialized information systems and transportation-related control systems businesses, company-wide revenue has been more concentrated in the second half than in the previous fiscal year.」
It was explained that project acceptances were concentrated from the third quarter onward and that company-wide second-half concentration caused first-half revenue and profit to fall below the previous year.