FIT compliance and long-term stable earnings from hydropower plants
First written in FY2016. 2 of 3 entries say "Cited as achieved", first in FY2017-Q2. Latest entry: FY2017.
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- FY2017Cited as achievedAnnual report
「Operating profit in the business was ¥6,537 million, up 26.8% from the previous consolidated fiscal year, partly due to higher profit in the power business following completion of the Higashiyokoyama Hydropower Plant renovation.」
The completed renovation of the Higashiyokoyama Power Plant in the previous fiscal year is cited as having contributed to higher full-year profit in the power business. - FY2017-Q2Cited as achievedAnnual report
「Operating profit in the Other business was ¥2,853 million, up 20.0% from the same period of the previous year, partly due to higher profit in the power business following completion of the Higashiyokoyama Hydropower Plant renovation.」
The report states that the Higashiyokoyama Power Plant renovation completed in the previous fiscal year contributed to results as a factor behind higher profit in the power business. - FY2016First statedAnnual report
「We proceeded with renovation work at the Higashiyokoyama Power Plant to comply with the Feed-in Tariff (FIT) scheme for renewable energy, and the work was completed in March this year as planned.」
The company stated that completion of the Higashiyokoyama Power Plant renovation means that all hydropower plants are now FIT-compliant.