Decline in corporate electricity demand due to COVID-19
First written in FY2020. 3 of 5 entries say "Restated". Latest entry: FY2022.
1 other company's latest entry also says "Mitigated".
- FY2022MitigatedAnnual report
「However, if the electricity consumption of corporate users were to fall sharply due to repeated declarations of a state of emergency and requests to refrain from going out as a result of a similar infectious disease outbreak, and the impact on the performance of the Group’s customers were to expand beyond expectations, this could affect the business activities of the Group or its business partners and affect the Group’s operating results and financial position.」
Although the Group recognizes that the impact of COVID-19 on its business has been limited due to remote work and other factors, future risks from a similar infectious disease remain. - FY2021RestatedAnnual report
「The issuance of states of emergency and requests to refrain from going out due to COVID-19 temporarily reduced electricity demand, mainly among corporate users in the Energy Platform Business, resulting in some negative impact on the Company’s performance.」
The Company continued to disclose the negative impact of lower electricity demand among corporate users, while explaining that the impact was limited as of the date of disclosure. - FY2021-Q3RestatedAnnual report
「At the same time, the declaration of a state of emergency in response to COVID-19 and requests to refrain from going out temporarily reduced electricity demand, particularly among corporate users of the Energy Platform business, which had some negative impact on the company's results.」
The Company continued to disclose the same impact relating to lower electricity demand among corporate users due to COVID-19. - FY2021-Q2RestatedAnnual report
「At the same time, the declaration of a state of emergency in response to COVID-19 and requests to refrain from going out temporarily reduced electricity demand, particularly among corporate users of the Energy Platform business, which had some negative impact on the company's results.」
The Company again disclosed the impact of a temporary decline in electricity demand, mainly among corporate users, similar to the previous quarter. - FY2020First statedAnnual report
「At the same time, the declaration of a state of emergency in response to COVID-19 and requests to refrain from going out temporarily reduced electricity demand, particularly among corporate users of the Energy Platform business, which had some negative impact on the company's results.」
The Company stated that, despite positive factors such as increased demand for digital transformation, the impact of lower electricity demand among corporate users had already occurred.