Risk of Seasonality, Temperature and Energy Price Volatility in the Gas Business
First written in FY2016-Q2. 24 of 37 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2019: 6 of 13 companies on the "Worse" side.
4 other companies' latest entry also says "Materialised".
- FY2026-H1MaterialisedAnnual report
「Revenue declined 4.5% to ¥35,040 million and operating income declined 4.5% to ¥3,370 million. Revenue was affected by lower gas selling prices resulting from imported energy prices, while operating income declined partly because household gas sales volumes decreased.」
Lower gas selling prices resulting from imported energy prices and lower household gas sales volumes appeared in interim results as lower revenue and operating income. The risk was quantified. - FY2025Lower selling prices and lower sales volumes for power generation extended to the full yearAnnual report
「Revenue declined 6.2% to ¥67,692 million and operating income declined 2.4% to ¥4,966 million, owing mainly to lower gas selling prices resulting from imported energy prices and lower gas sales volumes for power generation.」
As in the interim period, lower selling prices resulting from imported energy prices and lower sales volumes for power generation reduced full-year gas-business revenue. The operating increase caused by higher wholesale prices for locally produced gas in the interim period became a full-year decline in operating income. - FY2025-H1Lower sales volumes and higher wholesale prices for locally produced gas occurred togetherAnnual report
「Revenue declined 5.4% to ¥36,686 million because gas sales volumes for power generation declined. Operating income increased 0.5% to ¥3,530 million, owing in part to higher wholesale prices for locally produced gas sold to city-gas operators.」
Lower gas sales volumes for power generation reduced revenue, while higher wholesale prices for locally produced gas increased operating income. Changes in gas sales volumes and selling prices continued to affect performance. - FY2024RestatedAnnual report
「Revenue declined 4.9% to ¥72,147 million because gas selling prices fell in response to imported energy prices. Operating income was broadly unchanged year on year at ¥5,091 million, owing in part to lower gas procurement costs.」
Lower gas selling prices resulting from imported energy prices reduced revenue, while lower gas procurement costs limited the impact on operating income over the full year. - FY2024-Q1Shift to lower selling prices and lower procurement costsAnnual report
「Although gas sales volumes for large industrial customers increased, revenue declined 13.0% to ¥21,625 million because gas selling prices fell in response to imported energy prices. Operating income increased 11.9% to ¥1,975 million, owing to lower gas procurement costs.」
While imported energy prices resulted in lower gas selling prices, lower gas procurement costs increased operating income. The direction changed from the previous quarter's higher selling prices and higher procurement costs. - FY2023-Q3RestatedAnnual report
「Although gas selling prices rose in response to imported energy prices, revenue declined 10.3% to ¥58,102 million and operating income declined 6.5% to ¥4,269 million because gas sales volumes for power generation declined.」
Changes in selling prices resulting from imported energy prices and lower gas sales volumes for power generation continued to appear as factors behind lower revenue and operating income in the gas business. - FY2023-Q2RestatedAnnual report
「Although gas selling prices rose in response to imported energy prices, revenue declined 2.8% to ¥41,326 million because gas sales volumes for power generation declined. Operating income declined 6.6% to ¥3,219 million, owing in part to higher depreciation resulting from pipeline investment.」
Imported energy prices, lower sales volumes for power generation and higher depreciation associated with pipeline investment emerged as factors behind lower gas-business revenue and operating income. - FY2023-Q1RestatedAnnual report
「Although gas selling prices rose in response to imported energy prices, gas-business revenue declined 1.0% to ¥24,847 million because gas sales volumes for power generation declined. Operating income declined 12.4% to ¥1,765 million, owing in part to higher gas procurement costs.」
Higher selling prices resulting from imported energy prices, lower gas sales volumes for power generation and higher gas procurement costs continued to affect gas-business performance. - FY2022RestatedAnnual report
「Revenue increased 64.4% to ¥89,993 million, mainly because gas selling prices rose in response to imported energy prices and gas sales volumes increased, reflecting higher demand for power generation. Operating income increased 12.0% to ¥5,300 million, although gas procurement costs also increased.」
Imported energy prices, gas sales volumes and gas procurement costs continued to affect full-year gas-business revenue and profit. - FY2022-Q3RestatedAnnual report
「Revenue increased 73.4% to ¥64,769 million, mainly because gas selling prices rose in response to imported energy prices and gas sales volumes increased, reflecting higher demand for power generation. Operating income increased 12.7% to ¥4,566 million, although gas procurement costs also increased.」
Changes in imported energy prices, gas sales volumes and gas procurement costs continued to affect gas-business performance. Selling prices, volumes and procurement costs are all reported as quantified results. - FY2022-Q2RestatedAnnual report
「Revenue increased 66.4% to ¥42,510 million, mainly because gas selling prices rose in response to imported energy prices and gas sales volumes for power generation increased. Operating income increased 2.0% to ¥3,447 million, although gas procurement costs also increased.」
Changes in selling prices resulting from imported energy prices, higher sales volumes for power generation and higher gas procurement costs continued to affect gas-business performance. The risks associated with changes in selling prices, volumes and procurement costs remain. - FY2022-Q1RestatedAnnual report
「Revenue increased 72.8% to ¥25,110 million as gas selling prices rose in response to imported energy prices. Operating income declined 10.6% to ¥2,016 million, owing in part to higher gas procurement costs.」
Higher selling prices resulting from imported energy prices and higher gas procurement costs were reported together, continuing the disclosure that price and procurement-cost movements affect performance. - FY2021RestatedAnnual report
「Revenue increased 15.1% to ¥54,724 million, mainly because gas selling prices rose in response to imported energy prices and gas sales volumes increased, reflecting higher demand for power generation. Operating income declined 3.2% to ¥3,872 million, owing in part to higher depreciation resulting from new natural-gas development and higher gas procurement costs.」
The disclosure continues to identify imported energy prices, sales volumes, depreciation and gas procurement costs as factors affecting gas-business performance. Selling prices and volumes increased, but higher costs reduced operating income. - FY2021-Q3RestatedAnnual report
「Although gas selling prices declined in response to imported energy prices, revenue increased 1.8% to ¥37,346 million because gas sales volumes increased, mainly reflecting higher demand for power generation. Operating income declined 4.4% to ¥3,404 million, owing to higher depreciation resulting from new natural-gas development and higher gas procurement costs.」
Lower selling prices resulting from imported energy prices, changes in sales volumes for power generation, and higher depreciation and gas procurement costs associated with new development continued to affect gas-business performance. - FY2021-Q2RestatedAnnual report
「Although gas sales volumes increased, mainly because demand for power generation rose, revenue declined 3.8% to ¥25,541 million and operating income declined 4.2% to ¥2,939 million, owing mainly to lower gas selling prices resulting from imported energy prices.」
Although gas sales volumes for power generation increased, lower selling prices resulting from imported energy prices continued to reduce revenue and operating income. - FY2021-Q1RestatedAnnual report
「Although gas sales volumes for power generation increased, revenue declined 7.4% to ¥14,527 million, owing mainly to lower gas selling prices resulting from imported energy prices. Operating income increased 9.2% to ¥2,024 million, mainly because household gas sales volumes increased as temperatures at the beginning of the fiscal year remained lower than in the previous year.」
Lower selling prices resulting from imported energy prices and temperature-related changes in household gas sales volumes continued to affect gas-business performance. - FY2020MaterialisedAnnual report
「Revenue declined 13.9% to ¥47,530 million and operating income declined 3.5% to ¥4,002 million, owing mainly to lower gas selling prices resulting from imported energy prices and reduced business activity among commercial and industrial customers following the spread of COVID-19.」
Lower selling prices resulting from imported energy prices and reduced demand from commercial and industrial customers due to COVID-19 appeared in full-year results as lower revenue and operating income in the gas business. - FY2020-Q3RestatedAnnual report
「Revenue declined 14.0% to ¥36,701 million and operating income declined 6.2% to ¥3,558 million, owing mainly to lower gas selling prices resulting from imported energy prices and lower gas sales volumes for power generation and other applications.」
Lower selling prices resulting from imported energy prices and lower sales volumes for power generation and other applications continued to appear as factors behind lower revenue and operating income in the gas business. - FY2020-Q2RestatedAnnual report
「Revenue declined 10.9% to ¥26,538 million and operating income declined 2.3% to ¥3,066 million, owing mainly to lower gas selling prices resulting from imported energy prices and lower gas sales volumes for power generation and other applications.」
Lower gas selling prices resulting from imported energy prices, together with lower sales volumes for power generation and other applications, continued to reduce revenue and operating income in the gas business. - FY2020-Q1Shift to lower gas selling pricesAnnual report
「Although gas sales volumes for power generation and other applications increased, revenue declined 10.4% to ¥15,686 million and operating income declined 6.7% to ¥1,854 million, owing mainly to lower gas selling prices resulting from imported energy prices.」
Whereas some selling prices had risen through the previous year, lower selling prices resulting from imported energy prices emerged as a factor behind lower revenue and operating income. - FY2019RestatedAnnual report
「Although some gas selling prices rose in response to imported energy prices, revenue declined 5.6% to ¥55,215 million because gas sales volumes for power generation declined. Operating income declined 3.7% to ¥4,146 million.」
The impact of imported energy-price movements and changes in gas sales volumes by application on full-year performance continued to be disclosed. - FY2019-Q3RestatedAnnual report
「Although some gas selling prices rose in response to imported energy prices, revenue declined 2.6% to ¥42,670 million because gas sales volumes for power generation declined. Operating income increased 7.1% to ¥3,795 million, mainly because household gas sales volumes increased.」
Higher selling prices resulting from imported energy prices and changes in sales volumes by application continued to affect performance. The gas business reported lower revenue but higher operating income because household sales volumes increased. - FY2019-Q2RestatedAnnual report
「Although some gas selling prices rose in response to imported energy prices, revenue was broadly unchanged year on year at ¥29,791 million because gas sales volumes for power generation declined. Operating income increased 3.9% to ¥3,139 million, mainly because household gas sales volumes increased.」
Changes in selling prices resulting from imported energy prices and changes in gas sales volumes by application continued to affect performance. Although sales volumes for power generation declined, higher household sales volumes increased operating income for the gas business. - FY2019-Q1WorsenedAnnual report
「Although gas sales volumes for power generation declined, revenue increased 0.5% to ¥17,505 million because some gas selling prices rose in response to imported energy prices. Operating income declined 1.7% to ¥1,988 million, owing in part to higher gas procurement prices.」
While selling prices continued to rise in response to imported energy prices, higher gas procurement prices emerged again as a factor reducing operating income, explicitly showing the impact of price volatility on profit. - FY2018RestatedAnnual report
「Revenue increased 8.4% to ¥5,848 million, mainly because some gas selling prices rose in response to imported energy prices. Operating income declined 3.0% to ¥430 million, owing in part to lower household gas sales volumes as temperatures remained relatively high in spring and at the end of the fiscal year.」
Higher selling prices resulting from imported energy prices and lower household gas sales volumes resulting from high temperatures affected full-year performance, continuing the disclosure of existing price-volatility and seasonality risks. - FY2018-Q3RestatedAnnual report
「Revenue increased 7.9% to ¥4,379 million, mainly because some gas selling prices rose in response to imported energy prices. Operating income declined 2.1% to ¥354 million, owing in part to lower household gas sales volumes as spring temperatures remained relatively high.」
The impact of imported energy prices on selling prices and of high spring temperatures on household gas sales volumes continued to be disclosed. Higher prices increased revenue, while temperature-related factors reduced operating income. - FY2018-Q2RestatedAnnual report
「Revenue increased 5.2% to ¥2,981 million, mainly because some selling prices rose in response to imported energy prices. Operating income declined 1.6% to ¥302 million, owing in part to lower household gas sales volumes as spring temperatures remained relatively high.」
The disclosure continues to identify higher selling prices resulting from imported energy-price volatility and lower household gas sales volumes resulting from high spring temperatures, reflecting the existing price and seasonality risks. - FY2018-Q1RestatedAnnual report
「Revenue increased 10.8% to ¥1,741 million, mainly because some selling prices rose due to imported energy prices and gas sales volumes for power generation increased.」
The impact of imported energy price movements on gas selling prices continues to be disclosed. In this instance, it appeared as higher selling prices, with the effect quantified in reported results. - FY2017RestatedAnnual report
「Because gas demand, particularly for heating, cooling and hot-water supply, is affected by temperature and water temperature, adverse weather conditions may reduce gas sales volumes.」
The risk of fluctuations in gas demand due to weather and temperature is expressly identified as a business risk. The disclosure also states that profit may decline because procurement prices fluctuate in line with imported energy prices, continuing the annual disclosure of seasonality and price volatility risks. - FY2017-Q2RestatedAnnual report
「Revenue increased 2.2% to ¥2,834 million, mainly because gas sales volumes for power generation increased, but operating profit declined 8.6% to ¥307 million due partly to higher gas procurement costs and depreciation from new development projects.」
Although gas sales volumes increased, higher gas procurement costs continued to reduce operating profit. The effects of higher costs and lower profit are reflected in reported figures. - FY2017-Q1WorsenedAnnual report
「Although gas sales volumes for power generation increased, revenue declined 6.0% to ¥1,571 million due mainly to lower selling prices for some gas products resulting from lower imported energy prices. Operating profit declined 11.8% to ¥191 million, due partly to higher gas procurement costs and depreciation from new development projects.」
Selling price declines caused by lower imported energy prices continued, while higher gas procurement costs this time appeared as a factor reducing operating profit. - FY2016-Q3RestatedAnnual report
「Revenue declined 26.2% to ¥3,810 million because winter temperatures remained relatively high and some selling prices fell due to lower imported energy prices. Operating profit declined 7.3% to ¥392 million.」
The impact of temperature and imported energy price movements on gas selling prices and revenue continues to be disclosed as a year-on-year decline in revenue and operating profit. - FY2016-Q2First statedAnnual report
「Revenue decreased 26.1% to ¥2,774 million due mainly to relatively high winter temperatures and lower prices for some products as a result of falling imported energy prices, while operating profit declined 3.8% to ¥336 million, partly because gas procurement costs decreased.」
The disclosure identifies temperature and imported energy prices as factors affecting gas selling prices and revenue. During the quarter, this was reflected in lower revenue, while the decline in procurement costs relatively contained the impact on profit.