A challenging operating environment due to major changes in the structure of the electric power industry
First written in FY2017-Q2. 15 of 20 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 1 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「The Company receives and performs orders from its parent company and its demerged subsidiaries, 中部電力パワーグリッド㈱ and 中部電力ミライズ㈱, for new construction and expansion of distribution facilities, as well as other repair work, which account for approximately one-third of the Company's revenue.」
It states that dependence on sales to the Chubu Electric Power Group has declined from approximately 40% to approximately one-third. Although the percentage has fallen, the risk of fluctuations in construction volumes due to restrained investment in power facilities and other factors continues. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter, there were no occurrences of matters described in this quarterly report concerning the business and accounting conditions, among others, that management recognizes could materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」
It concludes that there have been no material changes to the business and other risks described in the previous fiscal year, including changes in the electric power industry's operating environment. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter, there were no occurrences of matters described in this quarterly report concerning the business and accounting conditions, among others, that management recognizes could materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」
It concludes that there have been no material changes to the business and other risks, including changes in the electric power industry's operating environment. - FY2024-Q1RestatedAnnual report
「There have been no material changes to the risks related to the business and other matters described in the annual securities report for the previous fiscal year.」
It concludes that there have been no material changes to the business and other risks described in the previous fiscal year. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter, there were no occurrences of matters described in this quarterly report concerning the business and accounting conditions, among others, that management recognizes could materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」
It concludes that there have been no material changes to the business and other risks described in the previous fiscal year, including changes in the framework of the electric power industry. - FY2022RestatedAnnual report
「The Company receives and performs orders from its parent company and its demerged subsidiaries, 中部電力パワーグリッド㈱ and 中部電力ミライズ㈱, for new construction and expansion of distribution facilities, as well as other repair work, which account for approximately 40% of the Company's revenue. As construction volumes are expected to decline because the 3 companies named above are curbing investment in power facilities in response to changes in their operating environments, the Company is working to strengthen its cost competitiveness through productivity improvements and other measures.」
It continues to describe the approximately 40% dependence on the 3 companies in the Chubu Electric Power Group and ongoing efforts to improve productivity and strengthen cost competitiveness in response to restrained investment in power facilities. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter, there were no occurrences of matters described in this quarterly report concerning the business and accounting conditions, among others, that management recognizes could materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」
It concludes that there have been no material changes to the business and other risks described in the previous fiscal year. - FY2020WorsenedAnnual report
「The Company is a subsidiary of Chubu Electric Power Company,Incorporated. It receives and performs orders from the company for new construction and expansion of distribution facilities, as well as other repair work, which account for approximately 40% of the Company's revenue. Going forward, construction volumes are expected to decline as the company curbs investment in power facilities in response to changes in its operating environment.」
It provides more detail on the existing risks associated with changes in the electric power industry's operating environment, noting that sales to Chubu Electric Power Company,Incorporated account for approximately 40% of revenue and that construction volumes are expected to decline as investment in power facilities is restrained. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter, there were no occurrences of matters described in this quarterly report concerning the business and accounting conditions, among others, that could materially affect investors' decisions, and no material changes to the "Business and Other Risks" described in the securities report for the previous fiscal year.」
It concludes that there have been no material changes to the existing operating-environment risks, including changes in the framework of the electric power industry. - FY2020-Q2RestatedAnnual report
「There have been no material changes to the risks related to the business and other matters described in the annual securities report for the previous fiscal year.」
It concludes that there have been no material changes to the operating-environment risks described in the previous fiscal year, including changes in the framework of the electric power industry. - FY2019WorsenedAnnual report
「In addition, power-related construction volumes are expected to decline, as electric utilities are expected to curb investment in distribution-line construction.」
It explicitly identifies changes in the operating environment resulting from power system reforms and other factors, along with utilities' restraint on distribution-line construction investment and the expected decline in power-related construction volumes. - FY2019-Q3RestatedAnnual report
「There have been no material changes to the risks related to the business and other matters described in the annual securities report for the previous fiscal year.」
The Company summarised that there were no material changes to the risks related to the business and other matters described in the previous fiscal year, and continues to identify existing business-environment risks, including power system reform. - FY2019-Q2RestatedAnnual report
「There have been no material changes to the risks related to the business and other matters described in the annual securities report for the previous fiscal year.」
The Company summarised that there were no material changes to the risks related to the business and other matters, and continues to identify existing business-environment risks, including power system reform. - FY2019-Q1RestatedAnnual report
「There have been no material changes to the risks related to the business and other matters described in the annual securities report for the previous fiscal year.」
The Company summarised that there were no material changes to the risks related to the business and other matters described in the previous fiscal year, and continues to identify existing risks, including changes in the structure of the power industry. - FY2018WorsenedAnnual report
「However, as progress in power system reform brings major changes to the structure of the power industry, the outlook for power-related construction is expected to become even more challenging.」
The wording concerning changes in the environment resulting from power system reform has changed to state that the outlook for power-related construction is expected to become even more challenging. - FY2018-Q3RestatedAnnual report
「Even as the business environment surrounding the Company undergoes major changes, including progress in power system reform」
The Company continues to identify major changes in the business environment resulting from progress in power system reform and other factors as an operating assumption. - FY2018-Q2RestatedAnnual report
「Even as the business environment surrounding the Company undergoes major changes, including progress in power system reform」
The Company continues to identify major changes in the business environment resulting from progress in power system reform and other factors as an operating assumption. - FY2018-Q1RestatedAnnual report
「Even as the business environment surrounding the Company undergoes major changes, including progress in power system reform」
The Company continues to identify major changes in the business environment resulting from progress in power system reform and other factors as an operating assumption. - FY2017-Q3RestatedAnnual report
「Although profitability on construction projects in the domestic construction market showed signs of improvement, the operating environment surrounding the Group remained challenging as the structure of the power industry underwent major changes.」
The challenging operating environment resulting from major changes in the structure of the power industry has been restated. - FY2017-Q2First statedAnnual report
「Although profitability on construction projects in the domestic construction market showed signs of improvement, the operating environment surrounding the Group remained challenging as the structure of the power industry underwent major changes.」
The major changes in the structure of the power industry were identified for the first time in a standalone risk thread as a factor contributing to the continuing challenging operating environment.