Lower utilization and profitability in the first quarter due to seasonal fluctuations in rental demand
First written in FY2017-Q1. 15 of 16 entries say "Restated". Latest entry: FY2026-H1.
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- FY2026-H1RestatedAnnual report
「Rental income from the unit-house and construction equipment rental businesses is affected by conditions in the construction market, where the volume of construction tends to increase toward winter. These seasonal fluctuations in rental demand tend to result in lower numbers of rental units in operation and lower utilization in the first quarter, with revenue and operating profit lower than in other quarters.」
The explanation that seasonal fluctuations in rental demand tend to result in lower first-quarter numbers of units in operation, utilization, revenue and operating profit continues. - FY2024-Q3RestatedAnnual report
「Rental revenue in the unit house and construction equipment rental businesses is affected by trends in the construction market, where the volume of construction tends to increase toward winter. Due to these seasonal fluctuations in rental demand, the number of rental units in operation and utilization rates tend to be lower in the first-quarter consolidated accounting period, resulting in lower revenue and operating profit than in other quarterly consolidated accounting periods.」
Seasonal fluctuations in rental demand and the tendency toward lower first-quarter numbers of units in operation, utilization, revenue and operating profit continue to be disclosed. - FY2024-Q2RestatedAnnual report
「Rental revenue in the unit house and construction equipment rental businesses is affected by trends in the construction market, where the volume of construction tends to increase toward winter. Due to these seasonal fluctuations in rental demand, the number of rental units in operation and utilization rates tend to be lower in the first-quarter consolidated accounting period, resulting in lower revenue and operating profit than in other quarterly consolidated accounting periods.」
The risk that seasonality in the construction market tends to result in lower first-quarter numbers of rental units in operation, utilization, revenue and operating profit continues to be disclosed. - FY2023-Q1RestatedAnnual report
「Rental revenue in the unit house and construction equipment rental businesses is affected by trends in the construction market, where the volume of construction tends to increase toward winter. Due to these seasonal fluctuations in rental demand, the number of rental units in operation and utilization rates tend to be lower in the first-quarter consolidated accounting period, resulting in lower revenue and operating profit than in other quarterly consolidated accounting periods.」
Seasonal fluctuations in rental demand and the tendency toward lower first-quarter numbers of units in operation, utilization, revenue and operating profit continue to be disclosed. - FY2022-Q2RestatedAnnual report
「Rental revenue in the unit house and construction equipment rental businesses is affected by trends in the construction market, where the volume of construction tends to increase toward winter. Due to these seasonal fluctuations in rental demand, the number of rental units in operation and utilization rates tend to be lower in the first-quarter consolidated accounting period, resulting in lower revenue and operating profit than in other quarterly consolidated accounting periods.」
The risk that seasonal fluctuations in rental demand tend to result in lower first-quarter numbers of units in operation, utilization, revenue and operating profit continues to be disclosed. - FY2020RestatedAnnual report
「These seasonal fluctuations in rental demand tend to result in lower numbers of rental units in operation and lower utilization in the first quarter, with operating profit lower than in other quarters.」
Seasonal fluctuations in rental demand resulting from the timing of public-sector budget execution, and the tendency toward lower first-quarter utilization and operating profit, continue to be reported. - FY2020-Q1RestatedAnnual report
「Rental revenue in the unit house and construction equipment rental businesses is affected by trends in the construction market, where the volume of construction tends to increase toward winter. Due to these seasonal fluctuations in rental demand, the number of rental units in operation and utilization rates tend to be lower in the first-quarter consolidated accounting period, resulting in lower revenue and operating profit than in other quarterly consolidated accounting periods.」
The ongoing risk that seasonal fluctuations in rental demand tend to result in lower first-quarter utilization, revenue and operating profit continues to be disclosed. - FY2019-Q3RestatedAnnual report
「Rental revenue in the unit house and construction equipment rental businesses is affected by trends in the construction market, where the volume of construction tends to increase toward winter. Due to these seasonal fluctuations in rental demand, the number of rental units in operation and utilization rates tend to be lower in the first-quarter consolidated accounting period, resulting in lower revenue and operating profit than in other quarterly consolidated accounting periods.」
The tendency toward seasonal fluctuations in rental demand and lower first-quarter utilization, revenue and operating profit continues to be disclosed. - FY2018RestatedAnnual report
「These seasonal fluctuations in rental demand tend to result in lower numbers of rental units in operation and lower utilization in the first quarter, with operating profit lower than in other quarters.」
Seasonal fluctuations in rental demand resulting from the timing of public-sector budget execution, and the tendency toward lower first-quarter utilization and operating profit, continue to be disclosed in the full-year materials. - FY2018-Q3RestatedAnnual report
「Rental revenue in the unit house and construction equipment rental businesses is affected by trends in the construction market, where the volume of construction tends to increase toward winter. Due to these seasonal fluctuations in rental demand, the number of rental units in operation and utilization rates tend to be lower in the first-quarter consolidated accounting period, resulting in lower revenue and operating profit than in other quarterly consolidated accounting periods.」
The risk that seasonal fluctuations in rental demand tend to result in lower first-quarter utilization, revenue and operating profit continues to be disclosed. - FY2018-Q2RestatedAnnual report
「Rental revenue in the unit house and construction equipment rental businesses is affected by trends in the construction market, where the volume of construction tends to increase toward winter. Due to these seasonal fluctuations in rental demand, the number of rental units in operation and utilization rates tend to be lower in the first-quarter consolidated accounting period, resulting in lower revenue and operating profit than in other quarterly consolidated accounting periods.」
The risk that seasonal fluctuations in rental demand tend to result in lower first-quarter utilization, revenue and operating profit continues to be disclosed. - FY2018-Q1RestatedAnnual report
「Rental revenue in the unit house and construction equipment rental businesses is affected by trends in the construction market, where the volume of construction tends to increase toward winter. Due to these seasonal fluctuations in rental demand, the number of rental units in operation and utilization rates tend to be lower in the first-quarter consolidated accounting period, resulting in lower revenue and operating profit than in other quarterly consolidated accounting periods.」
The risk that seasonal fluctuations in rental demand tend to result in lower first-quarter utilization, revenue and operating profit continues to be disclosed. - FY2017RestatedAnnual report
「In particular, demand from the public sector, which accounts for just under 40% of the construction market, is subject to annual budget preparation and execution. As a result, relatively little public-sector construction work is carried out at the beginning of the fiscal year, projects gradually begin around summer, and the volume of construction tends to increase toward winter. These seasonal fluctuations in rental demand tend to result in lower numbers of rental units in operation and lower utilization in the first quarter, with operating profit lower than in other quarters.」
The tendency toward seasonal fluctuations in rental demand and lower first-quarter utilization and operating profit has been reconfirmed in the full-year risk disclosures, together with the structural characteristics of public-sector demand. - FY2017-Q3RestatedAnnual report
「Rental revenue in the unit house and construction equipment rental businesses is affected by trends in the construction market, where the volume of construction tends to increase toward winter. Due to these seasonal fluctuations in rental demand, the number of rental units in operation and utilization rates tend to be lower in the first-quarter consolidated accounting period, resulting in lower revenue and operating profit than in other quarterly consolidated accounting periods.」
Seasonal fluctuations in rental demand and the tendency toward lower utilization and earnings in the first quarter continue to be disclosed in the notes. - FY2017-Q2RestatedAnnual report
「Rental revenue in the unit house and construction equipment rental businesses is affected by trends in the construction market, where the volume of construction tends to increase toward winter. Due to these seasonal fluctuations in rental demand, the number of rental units in operation and utilization rates tend to be lower in the first-quarter consolidated accounting period, resulting in lower revenue and operating profit than in other quarterly consolidated accounting periods.」
Seasonal fluctuations in rental demand and the tendency toward lower utilization and earnings in the first quarter continue to be disclosed in the notes. - FY2017-Q1First statedAnnual report
「Rental revenue in the unit house and construction equipment rental businesses is affected by trends in the construction market, where the volume of construction tends to increase toward winter. Due to these seasonal fluctuations in rental demand, the number of rental units in operation and utilization rates tend to be lower in the first-quarter consolidated accounting period, resulting in lower revenue and operating profit than in other quarterly consolidated accounting periods.」
Both the performance analysis and the notes continue to describe seasonality in the rental business as an ongoing risk.