Declining Construction and Power-Sector Capital Investment and Sales Concentration in Tokyo Electric Power Company
First written in FY2016. 13 of 37 entries say "Restated". Latest entry: FY2026.
Kandenko moved to the "Worse" side of this theme in 2021, 1 year before the typical company in this theme (2022).
The whole theme swung hardest in 2017: 2 of 11 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「The TEPCO Group accounts for approximately 20% of our Group's sales.」
The TEPCO Group's share of sales declined from approximately 25.2% in the previous fiscal year to approximately 24.4%, indicating a further decline in customer concentration. - 2026-06-04MitigatedGeneral Meetings of Shareholders
「本年2月、東京電力パワーグリッド株式会社が保有する当社株式の売出しを実施いたしました。これにより、同社が保有する当社株式は68,596千株（持株比率34.4％）となり、資本関係に変化が生じることとなりました」
東京電力パワーグリッドの持株比率を34.4％とし、従来の資本関係から変化が生じたことを記載している。顧客・親会社関係への集中に関するリスクの低減方向を示す出来事である。 - FY2026-H1MitigatedAnnual report
「In addition, sales to the TEPCO Group amounted to ¥87.384 billion, an increase of ¥8.826 billion from the previous interim consolidated accounting period.」
Although sales to the TEPCO Group increased year on year, its share of consolidated sales declined from approximately 27.4% in the same period of the previous year to approximately 25.6% in the current interim consolidated accounting period, indicating lower customer concentration. - FY2025-H1WorsenedAnnual report
「In addition, sales to the TEPCO Group amounted to ¥78.558 billion, an increase of ¥9.895 billion from the previous interim consolidated accounting period.」
Interim sales to the TEPCO Group increased by ¥9.895 billion year on year, and its share of consolidated sales rose from approximately 26.2% in the same period of the previous year to approximately 27.4% in the current interim consolidated accounting period. - FY2024MitigatedAnnual report
「The TEPCO Group accounts for approximately 30% of the group’s sales.」
The TEPCO Group’s share of sales declined from 27.0% in the previous fiscal year to 25.2%, indicating lower customer concentration. - FY2024-Q3MitigatedAnnual report
「In addition, sales to the TEPCO Group were ¥107.327 billion, up ¥4.331 billion from the third quarter of the previous fiscal year on a consolidated cumulative basis.」
Although sales to the TEPCO Group increased year on year, its share of consolidated sales declined from approximately 28.0% in the same period of the previous fiscal year to approximately 26.6% in the current third quarter on a cumulative basis, indicating lower sales concentration. - FY2024-Q2MitigatedAnnual report
「In addition, sales to the TEPCO Group were ¥68.663 billion, up ¥2.429 billion from the second quarter of the previous fiscal year on a consolidated cumulative basis.」
Although sales to the TEPCO Group increased year on year, its share of total sales declined from approximately 28.3% in the same period of the previous fiscal year to approximately 26.2%, indicating lower sales concentration on a cumulative basis for the current quarter. - FY2024-Q1MitigatedAnnual report
「In addition, sales to the TEPCO Group were ¥33.401 billion, up ¥128 million from the first quarter of the previous fiscal year on a consolidated cumulative basis.」
Although sales to the TEPCO Group increased year on year, its share of total sales declined from approximately 30.5% in the same period of the previous fiscal year to approximately 28.1%, indicating lower quarterly sales concentration. - FY2023WorsenedAnnual report
「Previous consolidated fiscal year: TEPCO Group ¥131.840 billion 26.6%” “Current consolidated fiscal year: TEPCO Group ¥145.962 billion 27.0%」
The TEPCO Group’s share of sales rose from 26.6% to 27.0%, indicating higher sales concentration than in the previous fiscal year. - FY2023-Q3WorsenedAnnual report
「In addition, sales to the TEPCO Group were ¥102.996 billion, up ¥8.234 billion from the third quarter of the previous fiscal year on a consolidated cumulative basis.」
Cumulative sales to the TEPCO Group increased by ¥8.234 billion year on year, while its share of total sales rose from approximately 27.6% in the same period of the previous fiscal year to approximately 28.0%, indicating a slight increase in sales concentration. - FY2023-Q2WorsenedAnnual report
「In addition, sales to the TEPCO Group were ¥66.233 billion, up ¥4.520 billion from the second quarter of the previous fiscal year on a consolidated cumulative basis.」
Cumulative second-quarter sales to the TEPCO Group increased by ¥4.520 billion year on year. Its share of cumulative sales also rose from approximately 28.0% in the same period of the previous fiscal year to approximately 28.3%, indicating a slight increase in concentration. - FY2023-Q1WorsenedAnnual report
「In addition, sales to the TEPCO Group were ¥33.272 billion, up ¥2.824 billion from the first quarter of the previous fiscal year on a consolidated cumulative basis.」
Sales to the TEPCO Group increased by ¥2.824 billion year on year. Its share of total sales rose from approximately 28.2% in the same quarter of the previous fiscal year to approximately 30.5% in the current quarter. - FY2022MitigatedAnnual report
「Previous consolidated fiscal year: TEPCO Group ¥183.620 billion 33.0%” “Current consolidated fiscal year: TEPCO Group ¥131.840 billion 26.6%」
The TEPCO Group’s share of sales declined from 33.0% to 26.6%, indicating lower sales concentration. - FY2022-Q3MaterialisedAnnual report
「In addition, sales to the TEPCO Group were ¥94.762 billion, down ¥36.150 billion from the third quarter of the previous fiscal year on a consolidated cumulative basis.」
Sales to the TEPCO Group declined by ¥36.150 billion year on year, indicating an actual event related to the risks of sales concentration at the TEPCO Group and fluctuations in power-related investment. - FY2022-Q2MaterialisedAnnual report
「In addition, sales to the TEPCO Group were ¥61.712 billion, down ¥24.959 billion from the second quarter of the previous fiscal year on a consolidated cumulative basis.」
Sales to the TEPCO Group declined by ¥24.959 billion year on year, indicating an actual event related to the previously disclosed risks concerning sales concentration and fluctuations in power-related investment. - FY2022-Q1MaterialisedAnnual report
「In addition, sales to the TEPCO Group were ¥30.447 billion, down ¥10.872 billion from the first quarter of the previous fiscal year on a consolidated cumulative basis.」
Sales to the TEPCO Group declined by ¥10.872 billion year on year, indicating an actual event related to the risks of sales concentration at the TEPCO Group and fluctuations in power-related investment. - FY2021WorsenedAnnual report
「Current consolidated fiscal year: TEPCO Group ¥183.620 billion 33.0%」
Sales to the TEPCO Group were ¥183.620 billion, representing 33.0% of sales, up from 29.6% in the previous fiscal year and indicating higher concentration. - FY2021-Q3RestatedAnnual report
「In addition, sales to the TEPCO Group were ¥130.912 billion, up ¥5.664 billion from the third quarter of the previous fiscal year on a consolidated cumulative basis.」
The company quantitatively disclosed sales to the TEPCO Group. Although sales increased year on year, it was stated that there were no material changes in business and other risks. - FY2021-Q2RestatedAnnual report
「In addition, sales to the TEPCO Group were ¥86.672 billion, up ¥4.254 billion from the second quarter of the previous fiscal year on a consolidated cumulative basis.」
The company quantitatively disclosed sales to the TEPCO Group. Although sales increased year on year, it was stated that there were no material changes in business and other risks. - FY2021-Q1RestatedAnnual report
「During the first quarter of the current fiscal year on a consolidated cumulative basis, there were no new business or other risks at the group, comprising the company and its consolidated subsidiaries, and no material changes to the business and other risks described in the securities report for the previous fiscal year.” “In addition, sales to the TEPCO Group were ¥41.320 billion, up ¥787 million from the first quarter of the previous fiscal year on a consolidated cumulative basis.」
Although the company stated that there were no material changes in business and other risks, sales to the TEPCO Group increased year on year. No explicit change in the sales concentration risk was described. - FY2020WorsenedAnnual report
「Regarding the outlook, power equipment investment is expected to remain constrained. In addition, domestic construction investment, which had remained firm, is expected to be affected by a decline in the propensity to invest in equipment resulting from the spread of COVID-19, and the business environment surrounding the company is expected to become extremely challenging.」
In addition to the existing risk of fluctuations in construction and power equipment investment, concern has arisen over a decline in the propensity to invest in equipment due to COVID-19, and the company recognizes that the business environment is extremely challenging. The TEPCO Group accounts for 29.6% of sales. - FY2020-Q3RestatedAnnual report
「In addition, sales to the TEPCO Group were ¥125.247 billion, up ¥3.885 billion from the third quarter of the previous fiscal year on a consolidated cumulative basis.」
The company quantitatively disclosed sales to the TEPCO Group. Although sales increased year on year, it was stated that there were no material changes in business and other risks. - FY2020-Q2RestatedAnnual report
「During the second quarter of the current fiscal year on a consolidated cumulative basis, there were no new business or other risks at the group, comprising the company and its consolidated subsidiaries, and no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes were identified regarding fluctuations in construction and power equipment investment or the concentration of sales at the TEPCO Group. Sales to the TEPCO Group were ¥82.417 billion, up ¥2.605 billion year on year. - FY2020-Q1RestatedAnnual report
「In addition, sales to the TEPCO Group were ¥40.533 billion, up ¥2.475 billion from the first quarter of the previous fiscal year on a consolidated cumulative basis.」
The company quantitatively disclosed sales to the TEPCO Group. Although sales increased year on year, no explicit change in the sales concentration risk was described. - FY2019MitigatedAnnual report
「If significant changes occur in the business environment, such as a decline in construction-related investment and power equipment investment exceeding expectations, this could affect business performance and other results. The TEPCO Group accounts for approximately 30% of the group’s sales.」
The TEPCO Group’s share of sales declined from 33.7% in the previous fiscal year to 30.7%, indicating lower concentration. - FY2019-Q3RestatedAnnual report
「In addition, sales to the TEPCO Group were ¥121.362 billion, up ¥4.077 billion from the third quarter of the previous fiscal year on a consolidated cumulative basis.」
The company quantitatively disclosed sales to the TEPCO Group. Although sales increased year on year, it was stated that there were no material changes in business and other risks. - FY2019-Q2RestatedAnnual report
「During the second quarter of the current fiscal year on a consolidated cumulative basis, there were no new business or other risks at the group, comprising the company and its consolidated subsidiaries, and no material changes to the business and other risks described in the securities report for the previous fiscal year.” “In addition, sales to the TEPCO Group were ¥79.811 billion, up ¥2.184 billion from the second quarter of the previous fiscal year on a consolidated cumulative basis.」
Although the company stated that there were no material changes in business and other risks, sales to the TEPCO Group increased year on year. No explicit change in the sales concentration risk was described. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current fiscal year on a consolidated cumulative basis, there were no new business or other risks at the group, comprising the company and its consolidated subsidiaries, and no material changes to the business and other risks described in the securities report for the previous fiscal year.” “In addition, sales to the TEPCO Group were ¥38.058 billion, up ¥272 million from the first quarter of the previous fiscal year on a consolidated cumulative basis.」
Although the company stated that there were no material changes in business and other risks, sales to the TEPCO Group increased year on year. No explicit change in the sales concentration risk was described. - FY2018MitigatedAnnual report
「If significant changes occur in the business environment, such as a decline in construction-related investment and power equipment investment exceeding expectations, this could affect business performance and other results. The TEPCO Group accounts for approximately 30% of the group’s sales.」
The disclosed concentration of sales at the TEPCO Group declined from approximately 40% to approximately 30%. In the current fiscal year, sales to the group were ¥171.029 billion, representing 33.7%. - FY2018-Q3MaterialisedAnnual report
「In addition, sales to the TEPCO Group were ¥117.284 billion, down ¥1.209 billion from the third quarter of the previous fiscal year on a consolidated cumulative basis.」
Sales to the TEPCO Group declined by ¥1.209 billion year on year, and an event related to the previously disclosed risks concerning sales concentration and fluctuations in power-related investment was disclosed as an actual result. - FY2018-Q2MaterialisedAnnual report
「In addition, sales to the TEPCO Group were ¥77.627 billion, down ¥2.654 billion from the second quarter of the previous fiscal year on a consolidated cumulative basis.」
Sales to the TEPCO Group declined by ¥2.654 billion year on year, and an event related to the previously disclosed risks concerning sales concentration and fluctuations in power-related investment was disclosed as an actual result. - FY2018-Q1MaterialisedAnnual report
「Although power-related construction declined as a result of management rationalization at the TEPCO Group, private-sector construction investment remained firm, led by large-scale redevelopment projects and construction related to the Olympic and Paralympic Games.” “In addition, sales to the TEPCO Group were ¥37.785 billion, down ¥1.292 billion from the first quarter of the previous fiscal year on a consolidated cumulative basis.」
The company disclosed as actual results a decline in power-related construction associated with the TEPCO Group and a year-on-year decline in sales to the group, events related to the previously disclosed risks of fluctuations in power equipment investment and sales concentration. - FY2017RestatedAnnual report
「If significant changes occur in the business environment, such as a decline in construction-related investment and power equipment investment exceeding expectations, this could affect business performance and other results. The TEPCO Group accounts for approximately 40% of the group’s sales.」
The company continues to disclose the risk of declining construction and power equipment investment and concentration of sales at the TEPCO Group, including the figure of approximately 40%. No actual occurrence of the risk is described. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, there were no new business or other risks, nor any significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes were identified regarding fluctuations in construction and power equipment investment or the concentration of sales at the TEPCO Group. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no new business or other risks, nor any significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes were identified regarding fluctuations in construction and power equipment investment or the concentration of sales at the TEPCO Group. Separately, sales to the TEPCO Group were disclosed as ¥80.281 billion. - FY2017-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, there were no new business or other risks, nor any significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」
No material changes were identified regarding fluctuations in construction and power equipment investment or the concentration of sales at the TEPCO Group. - FY2016First statedAnnual report
「If significant changes occur in the business environment, such as a decline in construction-related investment and power equipment investment exceeding expectations, this could affect business performance and other results. TEPCO accounts for approximately 40% of the group’s sales.」
In addition to the risk of fluctuations in construction and power investment, the company quantitatively indicates that TEPCO accounts for approximately 40% of sales.