Komori
Asulina (3647) · InitiativeRestated

Power sales and acquisition of unstarted renewable energy power plants

First written in FY2017-Q1. 11 of 27 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2026-H1.

27entries
10years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2017-Q2 – FY2018-Q2SoftenedFY2020-Q1 – FY2021-Q12017: 420172018: 420182019: 320192020: 120202021: 220212022: 420222023: 420232024: 220242025: 120252026: 2
Same theme, other companies
Electricity sales, acquisition and selective operation of renewable energy power plantsA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. FY2026-H1RestatedAnnual report

    「The Group’s renewable energy business had generated electricity sales revenue from operating solar power plants, as well as purchased and sold power plants. The Company is reassessing the profitability of each solar power plant, including its generation volume, electricity sales revenue, and maintenance costs, and is reviewing and classifying which plants should be sold as real estate held for sale to generate business funds and which should be held as fixed assets to generate recurring electricity sales revenue.」

    The Company continues its policy of classifying solar power plants as assets for sale or assets to be held as fixed assets based on profitability, while operating a business that combines electricity sales and property sales.
  2. 2026-03-26SoftenedRevision of earnings forecasts

    「We sell solar power plants, operate power plants and sell portable battery storage systems and other products, and expect sales of approximately ¥101 million for the fiscal year ending August 2026. Although sales are expected to decline substantially year on year, this is because a large-scale solar power plant was sold in the fiscal year ended August 2025. We will continue to explore the sale of the 2 solar power plants held as properties for sale, but these sales are not included in the figures for the current fiscal year.」

    The sale of portable battery storage systems has been added to the sale and operation of solar power plants. However, sales are expected to decline substantially because of the reaction to the sale of a large-scale project, and the sale of the 2 plants held is not included in the forecast figures.
  3. FY2025-H1ReframedAnnual report

    「The Company is reassessing the profitability of each solar power plant, including its generation volume, electricity sales revenue, and maintenance costs, and reviewing which plants should be sold as real estate held for sale to generate business funds and which should be held as fixed assets to generate recurring electricity sales revenue.」

    The previous approach, which described the purchase and sale of solar power plants and electricity sales together, was reorganized into an explanation of improving profitability by selecting plants for sale or retention as fixed assets based on generation volume, electricity sales revenue, and maintenance costs. The Company is also reviewing fixed assets, including their management costs and repowering requirements.
  4. FY2024-Q3RestatedAnnual report

    「In the renewable energy business, while continuing sales activities for solar power plants, revenue from electricity sales from those plants and other sources resulted in revenue of ¥99 million, down 88.3% year on year, and a segment loss (operating loss) of ¥32 million, compared with segment profit of ¥18 million in the previous year.」

    The Company continues a business model combining solar power plant sales activities with electricity sales.
  5. FY2024-Q2RestatedAnnual report

    「In the renewable energy business, while continuing sales activities for solar power plants, revenue from electricity sales from those plants and other sources resulted in revenue of ¥59 million, down 92.7% year on year, and a segment loss (operating loss) of ¥28 million, compared with segment profit of ¥10 million in the previous year.」

    The Company continues its renewable energy business, combining solar power plant sales activities with electricity sales.
  6. FY2023AdvancedAnnual report

    「The Group’s total capital expenditures for the consolidated fiscal year were ¥139 million. The main factor was the acquisition of a new solar power plant located in Wakayama Prefecture in the renewable energy business.」

    The Company acquired a new solar power plant in Wakayama Prefecture and recorded ¥139 million in capital expenditures for the fiscal year.
  7. FY2023-Q3AdvancedAnnual report

    「At a meeting of the Board of Directors held on 14 July 2023, the Company resolved to enter into a purchase and sale agreement to acquire the Shiraha Solar Power Plant in Omaezaki, owned by Osaka Chuo Electric Godo Kaisha (the “Solar Power Plant”). (3) Generating capacity: 1,000 kilowatts (4) Electricity sales price: ¥36 per kilowatt (9) Annual electricity sales: approximately ¥70 million, including tax (2) Scheduled date of execution of the purchase and sale agreement: 18 July 2023 (3) Scheduled delivery date of the solar power plant: 18 July 2023」

    The Company resolved to acquire, as real estate held for sale, an operating solar power plant with an output of 1,000 kilowatts, an electricity sales price of ¥36 per kilowatt, and annual electricity sales of approximately ¥70 million. Execution of the agreement and delivery were scheduled for 18 July.
  8. FY2023-Q2ReframedAnnual report

    「At a meeting of the Board of Directors held on 24 February 2023, the Company resolved to change the purpose for which the following assets were held, from fixed assets to real estate held for sale.」

    For the G3HD Matsusaka Solar Power Plant and G3HD Otsuki Solar Power Plant, the Company indicated a policy of changing the holding purpose from fixed assets to real estate held for sale as of 1 March 2023. The explanation was expanded to describe the reclassification of assets previously held primarily for ownership and electricity sales as assets intended for sale.
  9. FY2023-Q1ReframedAnnual report

    「(i) Purchase and sale of operating solar power plants (ii) Electricity sales from solar power plant operations (iii) Purchase and sale of power-related products, including solar modules」

    In the list of renewable energy initiatives, the description was revised from the purchase and sale of “non-operating and operating” power plants to the purchase and sale of “operating” power plants. Electricity sales and the purchase and sale of power-related products continue.
  10. FY2022AdvancedAnnual report

    「In addition to selling electricity generated by solar power plants owned by the Group, the Company used its proprietary network and operational flexibility to sell solar power plants held for sale in Aomori, Iwate, and Fukuoka prefectures, and conducted purchase and sale transactions for solar modules with a developer of a large-scale utility-scale solar power plant in Miyagi Prefecture.」

    In addition to selling electricity from owned power plants, the Company sold power plants held for sale in multiple regions and sold modules for large-scale utility-scale solar projects.
  11. FY2022-Q3RestatedAnnual report

    「(i) Purchase and sale of non-operating and operating solar power plants (ii) Electricity sales from operating solar power plants (iii) Purchase and sale of power-related products for solar power operators (iv) Solar power plant operations and maintenance and contracting for new projects」

    The list of ongoing renewable energy initiatives includes the purchase and sale of solar power plants, electricity sales, sales of power-related products, and O&M and contracting for new projects.
  12. FY2022-Q1RestatedAnnual report

    「In the renewable energy business, while continuing sales activities for solar power plants, the Company generated revenue from electricity sales from those plants, sales of power-generation products such as solar panels to utility-scale solar power operators, and power plant maintenance services. Revenue was ¥271 million, up 10.8% year on year, and segment profit (operating profit) was ¥4 million, up 336.6%.」

    The Company continues to operate a business model combining solar power plant sales, electricity sales, sales of power-generation products, and maintenance services.
  13. FY2021AdvancedAnnual report

    「Capital expenditures for the consolidated fiscal year totaled ¥557 million. The main factor was the acquisition of new solar power plants located in Mie and Miyagi prefectures in the renewable energy business segment.」

    The Company acquired new solar power plants in Mie and Miyagi prefectures and made capital expenditures of ¥557 million.
  14. FY2021-Q3AdvancedAnnual report

    「On 9 July 2021, the Company acquired the following fixed asset, an operating solar power plant.」

    As an investment strategy for generating recurring operating income, the Company used its own funds to acquire, on 9 July 2021, an operating solar power plant with an output of 1,500 kilowatts, a procurement price of ¥36 per kilowatt, and a procurement term of 14 years and 6 months.
  15. FY2021-Q1ReframedAnnual report

    「(i) Investment in unstarted solar power plants (ii) Sale of power generation products to solar power producers (iii) Electricity sales through the operation of solar power plants」

    The description changed from the previous focus on purchasing unstarted power plants and selling electricity from owned power plants to a description identifying investment in non-operating power plants, sales of power-generation products, and electricity sales from operating plants as core businesses.
  16. FY2020-Q1SoftenedAnnual report

    「During the three-month period ended in the current first quarter, the Company's main revenue consisted of electricity sales from six solar power plants owned and operated by the Company and the Group. However, taking into account the risk of output curtailment by power companies, electricity sales revenue declined following the sale of some of the Company's power plants that had been held as property, plant and equipment in the previous consolidated fiscal year. As a result, revenue from the environmental business fell 96.2% year on year to ¥74 million, while the segment loss (operating loss) was ¥19 million, compared with profit of ¥0.9 million in the same quarter of the previous year, resulting in a substantial decline in revenue and profit.」

    The number of solar power plants owned and operated fell from the previously reported 9 to 6, and electricity sales revenue declined following the sale of some of the Company's own power plants. The scale of the ownership and electricity sales business has contracted.
  17. FY2019-Q3Additional gain recorded on the sale of an equity interestAnnual report

    「Although this was not reflected in segment profit, the Company sold its equity interest in a solar power plant in which it had invested and recorded a ¥232 million gain on the sale of investments in affiliates as extraordinary income.」

    The sale of an equity interest in a solar power plant resulted in a ¥232 million gain on the sale of investments in affiliates being recorded as extraordinary income.
  18. FY2019-Q2Sale of an equity interestAnnual report

    「Although this was not reflected in segment profit, the Company sold its equity interest in a solar power plant in which it had invested and recorded a ¥128 million gain on the sale of investments in affiliates as extraordinary income.」

    The Company sold its equity interest in a solar power plant and recorded a ¥128 million gain on the sale of investments in affiliates as extraordinary income. The disclosure records the disposal of an equity interest under the existing business model of owning and selling electricity from power plants and investing in operating companies.
  19. FY2019-Q1AdvancedAnnual report

    「During the three-month period ended in the current first quarter, revenue included electricity sales from nine solar power plants owned and operated by the Company, proceeds from the sale of certifications for solar power plant facilities and rights held by power producers, and sales revenue from solar power generation products including solar cell modules. Tomioka Solar Power Plant  1,500 kilowatts Expected annual electricity sales: approximately ¥76.880 million (excluding tax) Total: ¥669.900 million (including ¥660.000 million for IDs and all equipment, etc.)」

    The number of solar power plants owned and operated increased from 6 to 9, and revenue was recorded from electricity sales and the sale of facility certifications and power producer rights, among other items. In addition, a plan was presented to acquire the Tomioka Solar Power Plant, with a capacity of 1,500 kilowatts, a total acquisition cost of ¥669.900 million and expected annual electricity sales of approximately ¥76.880 million.
  20. FY2018AdvancedAnnual report

    「The Company expects an approximately ¥117.350 million annual increase in electricity sales revenue from the four sites in total. The total investment for the four sites is expected to be ¥680.504 million, consisting of the cost of solar power generation equipment, with the breakdown as follows.」

    A plan was presented to invest a total of ¥680.504 million in four existing solar power plants to add solar cell modules, increase total generating capacity by 2,288.88 kilowatts and generate approximately ¥117.350 million in additional annual electricity sales revenue.
  21. FY2018-Q3RestatedAnnual report

    「From the perspective of managing assets based on investment efficiency in the energy-related field, the Company has developed a business model involving the sale of electricity to power companies through ownership of solar power plants, the acquisition of unstarted solar power plants, and investment in companies operating solar power plants.」

    The business model of owning and selling electricity from solar power plants, acquiring unstarted power plants and investing in solar power plant operating companies continues to be described.
  22. FY2018-Q2AdvancedAnnual report

    「From the perspective of managing assets based on investment efficiency in the energy-related field, the Company has developed a business model involving the sale of electricity to power companies through ownership of solar power plants, the acquisition of unstarted solar power plants, and investment in companies operating solar power plants.」

    Revenue from electricity sales at six solar power plants and proceeds from the sale of solar power plants were recorded, demonstrating progress in executing the business model of owning and selling electricity, acquiring unstarted power plants and investing in operating companies.
  23. FY2018-Q1RaisedAnnual report

    「From the perspective of managing assets based on investment efficiency in the energy-related field, the Company has developed a business model involving the sale of electricity to power companies through ownership of solar power plants, the acquisition of unstarted solar power plants, and investment in companies operating solar power plants.」

    In addition to owning and selling electricity from solar power plants and acquiring unstarted power plants, investment in solar power plant operating companies was explicitly identified as a component of the business model, broadening the scope of activities described.
  24. FY2017AdvancedAnnual report

    「The Group's total capital expenditure for the consolidated fiscal year was ¥4,292.669 million. Its principal components included ¥3,819.904 million for machinery and equipment related to the construction of Nagaizumi Town No. 2, Tagawa No. 1, Tagawa No. 2, Iwasaki No. 1 and Iwasaki No. 2 solar power plants by the Company in its environmental business, and ¥428.501 million for the acquisition of land for solar power generation by 株式会社エコ・ボンズ in its environmental business.」

    Through the construction of multiple solar power plants and the acquisition of land, total capital expenditure for the full fiscal year was ¥4,292.669 million, including ¥3,819.904 million related to power plant construction.
  25. FY2017-Q3AdvancedAnnual report

    「During the nine-month period ended in the current third quarter, revenue included electricity sales from six solar power plants owned and operated by the Company, proceeds from the sale of unstarted solar power plants by the Company, and sales revenue from solar power generation products, including solar cell modules and related equipment, sold by エコ・ボンズ.」

    The Company owned and operated six solar power plants, and electricity sales revenue and proceeds from the sale of unstarted power plants made a significant contribution to results.
  26. FY2017-Q2AdvancedAnnual report

    「Funds raised through installment sales: ¥2,921 million (planned)」

    As a significant subsequent event, a resolution was presented to acquire four solar power plants, Tagawa I, Tagawa II, Iwasaki ① and Iwasaki ②, under installment sale agreements to promote the electricity sales business. The planned funds raised were ¥2,921 million, and the planned installment contract term was 168 months, marking progress toward the acquisition of specific facilities for the electricity sales business.
  27. FY2017-Q1First statedAnnual report

    「From the perspective of managing assets based on investment efficiency in the energy-related field, the Company has developed a business model involving the sale of electricity to power companies and the acquisition of unstarted solar power plants.」

    The holding company itself stated for the first time a business model involving the sale of electricity to power companies and the acquisition of unstarted solar power plants as asset management based on investment efficiency.
Moved together

"Group Management Under a Holding Company Structure" moved the same way as this thread, in the same document, in 8 of its 27 moves.

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  1. ★This thread
  2. 1Group Management Under a Holding Company Structure8×
  3. 2Cash flow outflows associated with expanded investment and increased short-term borrowings7×
  4. 3Proactive investment through M&A, subsidiary formation and capital and business alliances7×
  5. 4Growing Earnings Contribution from the Environment-Related Business5×
  6. 5Contribution to earnings from cosmetics and health food sales5×
  7. 6Changes to the Management Structure and Specific Measures to Prevent Recurrence5×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Asulina's next results are scheduled for 2026-10-13. Read the earnings preview It last moved in the Revision of earnings forecasts of 2026-03-26: "Softened".
Power sales and acquisition of unstarted renewable energy power plants | ASULINA Co.,Ltd. (3647) | Komori