Risk of Delays in Launching the PKS Business and Dissolution of PT. SDS ENERGY INDONESIA
First written in FY2017. 9 of 12 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2022: 11 of 19 companies on the "Worse" side.
1 other company's latest entry also says "Dropped".
- FY2021DroppedAnnual report
「The Group consists of the Company and 1 subsidiary, which is a consolidated subsidiary. The Company’s principal business is providing energy solution services to customer companies through the promotion of energy-saving businesses.」
The risk of delays in launching the PKS business and dissolution is no longer included in this fiscal year's business description or business and other risks. The only consolidated subsidiary remaining is Shodensha Co., Ltd., which operates the energy-saving-related business. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company explains that there have been no material changes regarding the delay in launching the PKS business and the risk of dissolution of PT.SDS ENERGY INDONESIA. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company explains that there have been no material changes regarding the delay in launching the PKS business and the risk of dissolution of PT.SDS ENERGY INDONESIA. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company explains that there have been no material changes regarding the delay in launching the PKS business and the risk of dissolution of PT.SDS ENERGY INDONESIA. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company explains that there have been no material changes regarding the delay in launching the PKS business and the risk of dissolution of PT.SDS ENERGY INDONESIA. - FY2019-Q3MaterialisedAnnual report
「In Indonesia, the planned source of supply, the company needed to establish a local entity but was unable to secure the necessary personnel and funding. It therefore changed the supply destination from Indonesia to Malaysia and narrowed its transactions to SAID in that country.」
Regarding the PKS business, the Company was unable to secure the personnel and funds required to establish a local entity in Indonesia and changed the supply source to Malaysia. No initial procurement funding was required, and business expenditures were limited to personnel costs and activity expenses for 2 employees in charge. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company explains that there have been no material changes regarding the delay in launching the PKS business and the risk of dissolution of PT.SDS ENERGY INDONESIA. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company explains that there have been no material changes from the previous fiscal year in the risk of delays in launching or dissolving the PKS business of PT.SDS ENERGY INDONESIA. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company explains that there have been no material changes from the previous fiscal year in the risk of delays in launching or dissolving the PKS business of PT.SDS ENERGY INDONESIA. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company explains that there have been no material changes from the previous fiscal year in the risk of delays in launching or dissolving the PKS business of PT.SDS ENERGY INDONESIA. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company explains that there have been no material changes from the previous fiscal year in the risk of delays in launching or dissolving the PKS business of PT.SDS ENERGY INDONESIA. - FY2017First statedAnnual report
「Because the launch of the biomass fuel import and sales business from Indonesia was taking time and it became possible that revenue could instead be generated from referral fees for introducing Japanese biomass power operators to Indonesian biomass fuel suppliers, it became necessary to consider dissolving the subsidiary. Accordingly, establishment costs and other expenses totaling ¥44 million, which had been recorded as advances and deposits pending transfer to capital after the subsidiary commenced operations, were recorded as an extraordinary loss.」
The launch of the PKS import and sales business was delayed, creating a situation in which dissolution of PT. SDS ENERGY INDONESIA had to be considered. Establishment costs and other expenses of ¥44 million were recorded as an extraordinary loss, and an allowance for doubtful accounts was recorded against a long-term receivable of ¥44.030 million.