Dependence on Second- and Fourth-Quarter Performance
First written in FY2016. 4 of 10 entries say "Mitigated", first in FY2018-Q1. Latest entry: FY2020-Q1.
20 other companies' latest entry also says "Restated".
- FY2020-Q1RestatedAnnual report
「Although a loss was recorded, as in the same quarter of the previous year, because profit tends to be concentrated at the fiscal year-end, the loss decreased as the earnings structure improved.」
The concentration of profit at the fiscal year-end continues, and the information security field recorded a quarterly loss, but the loss decreased as the earnings structure improved. - FY2018MitigatedAnnual report
「Operating profit (¥ million) 125 449 226 359 1,159 (as a percentage of full-year results, %) 10.8 38.7 19.5 31.0 100.0」
The fourth quarter accounted for 31.0% of operating profit, down from 95.4% in the previous fiscal year. The concentration of profit at the fiscal year-end has eased quantitatively. - FY2018-Q3MitigatedAnnual report
「Profit improved from the same quarter of the previous year, when some unprofitable projects occurred. In addition, because profit tends to be concentrated at the fiscal year-end, efforts such as improving utilization during the year were implemented, which narrowed the loss compared with the same quarter of the previous year.」
The effects of measures such as improving utilization during the year in response to the concentration of profit at the fiscal year-end continued, narrowing the loss from the same period of the previous year. - FY2018-Q2MitigatedAnnual report
「Because profit tends to be concentrated at the fiscal year-end, efforts such as improving utilization during the year were implemented, narrowing the loss compared with the same quarter of the previous year.」
The effects of efforts to improve utilization during the year in response to the concentration of profit at the fiscal year-end continued, narrowing the loss in the information security field from the same period of the previous year. - FY2018-Q1MitigatedAnnual report
「Profit improved from the same quarter of the previous year, when some unprofitable projects occurred. In addition, because profit tends to be concentrated at the fiscal year-end, efforts such as improving utilization during the year were implemented, which narrowed the loss compared with the same quarter of the previous year.」
The effect of measures such as improving utilization during the year in response to the concentration of profit at the fiscal year-end is evident, and the loss has narrowed from the previous year. The disclosure describes the effect of addressing the risk of quarterly concentration. - FY2017WorsenedAnnual report
「Operating profit (¥ million) △224, 195, 67, 779, 817 (as a percentage of full-year results, %) △27.5, 23.9, 8.2, 95.4, 100.0」
A total of 95.4% of operating profit for the fiscal year was recorded in the fourth quarter, indicating greater dependence on the second half and fourth quarter than the previous fiscal year's fourth-quarter ratio of 59.1%. - FY2017-Q3WorsenedAnnual report
「However, gross profit was below the same quarter of the previous year because outsourcing costs increased in line with higher revenue, personnel expenses rose in advance of expanding demand and new businesses, and the tendency for profit to be concentrated in the second half strengthened during the fiscal year at some group companies, particularly those in the BPO business.」
The concentration of profit in the second half strengthened during the fiscal year and emerged as a factor behind gross profit falling below the same period of the previous year despite higher revenue. - FY2017-Q2MaterialisedAnnual report
「In addition, because some of our group companies, particularly those in the BPO business, tend to generate a greater share of their profit in the second half, results were below the same quarter of the previous year.」
The concentration of profit in the second half has emerged as a factor behind the downside in gross profit and performance in the first half. - FY2017-Q1MaterialisedAnnual report
「In addition, because some group companies tend to generate a greater share of their profit in the second half, results were below the same quarter of the previous year.」
The concentration of profit in the second half has resulted in quarterly imbalances that have emerged as a factor behind the downside in profit for the quarter. - FY2016First statedAnnual report
「Because many Japanese companies have fiscal year-ends at the end of March, performance is highly dependent on the second quarter, which includes the end of September, and the fourth quarter, which includes the end of March.」
Operating profit in the current fiscal year was 59.1% concentrated in the fourth quarter, quantitatively demonstrating the quarterly imbalance.