Impact of Extreme Weather on the Gas and Aqua Businesses
First written in FY2017. 6 of 8 entries say "Materialised", first in FY2019-Q1. Latest entry: FY2024.
TOKAI Holdings moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
The whole theme swung hardest in 2019: 6 of 13 companies on the "Worse" side.
4 other companies' latest entry also says "Materialised".
- FY2024MaterialisedAnnual report
「Although unit household gas consumption declined because of higher temperatures and other factors, sales were ¥83,688 million, up 0.9% from the end of the previous consolidated fiscal year, due to an increase in the number of households served.」
Lower unit household gas consumption due to higher temperatures and other factors appeared in business performance for the fiscal year. - FY2024-Q3MaterialisedAnnual report
「However, lower selling prices linked to procurement prices and lower household gas sales volume due to higher temperatures and other factors resulted in sales of ¥56,491 million, down 1.8% year on year.」
Lower household gas sales volume due to higher temperatures and other factors affected actual performance, resulting in a 1.8% year-on-year decline in sales. - FY2024-Q2MaterialisedAnnual report
「In the LP gas business, continued efforts to acquire customers increased the number of households served by 16 thousand from the end of the previous consolidated fiscal year to 762 thousand. However, lower selling prices linked to procurement prices and lower household gas sales volume due to higher temperatures and other factors resulted in sales of ¥34,417 million, down 4.3% year on year.」
Lower household gas sales volume due to higher temperatures and other factors affected actual performance by reducing sales in the energy business. - FY2019-Q3MaterialisedAnnual report
「As a result, segment sales were ¥54,675 million, up 2.9% year on year, but lower unit gas consumption due to higher temperatures and increased procurement costs, among other factors, resulted in operating profit of ¥1,214 million, down 41.5% year on year.」
Lower unit gas consumption due to higher temperatures, together with higher procurement costs, actually affected the decline in operating profit in the gas and petroleum segment. - FY2019-Q2MaterialisedAnnual report
「As a result, segment sales were ¥33,948 million, up 3.6% year on year, but lower unit gas consumption due to higher temperatures resulted in an operating loss of ¥52 million, compared with operating profit of ¥393 million in the same period of the previous year.」
Lower unit gas consumption due to higher temperatures led to an actual operating loss in the segment. - FY2019-Q1MaterialisedAnnual report
「Although gas sales volume declined because temperatures remained higher than in the same period of the previous year」
Higher temperatures reduced gas sales volume, and the impact of abnormal weather and temperature appeared in the explanation of actual business performance. - FY2018ReframedAnnual report
「The gas, petroleum and Aqua businesses are significantly affected by weather, particularly temperature and water temperature. If abnormal weather such as cool summers or warm winters were to occur, this could affect the Group's operating results and financial position.」
The risk heading changed from “Abnormal Weather” to “Impact of Climate Change.” The specific impacts, involving temperature, water temperature and abnormal weather, remained the same as before. - FY2017First statedAnnual report
「The gas, petroleum and Aqua businesses are significantly affected by weather, particularly temperature and water temperature. If abnormal weather such as extremely hot summers or severe winters were to occur, this could affect the Group's operating results and financial position.」
The disclosure covered the business characteristics affected by temperature and water temperature, as well as the risk of abnormal weather such as extremely hot summers and severe winters.