Dependence on EV and EV Charging Infrastructure Policies and Subsidies
First written in FY2022. 2 of 6 entries say "Reframed", first in FY2025. Latest entry: 2026-07-17.
2 other companies' latest entry also says "Mitigated".
- FY2025ReframedAnnual report
「In addition, since 10 March 2025, operations of the EV charging business have been conducted by the new company ミライズエネチェンジ株式会社, a joint venture with Chubu Electric Power Miraiz Co., Inc. As a result of the new company commencing operations, the EV charging business has been excluded from the scope of consolidation since the end of March 2025.」
The policy and subsidy dependence risk of the EV charging business changed in terms of the party bearing the risk and its position in disclosures because the business was transferred from our consolidated operations to those of a joint venture. - FY2023-Q2WorsenedAnnual report
「Because national and prefectural subsidies are established based on annual budgets, if a budget reaches its limit, for example, installation of EV chargers ordered by our group may be postponed to the following fiscal year. In that case, inventories may temporarily increase.」
The risk of dependence on subsidies in the EV charging business was expanded to include the specific effects of installations being postponed to the following fiscal year when annual budget limits are reached, and the resulting increase in inventories. - FY2023-Q1RestatedAnnual report
「We continued to invest proactively to increase our share of the EV charging market, including actively marketing Charge 2, which is compatible with the charging infrastructure development program under the Clean Energy Vehicle and Infrastructure Deployment Promotion Subsidy, and Charge 3, a model for apartment buildings, as well as launching active advertising campaigns such as taxi and elevator advertising.」
In the EV charging business, we continued marketing equipment eligible for government subsidies and recorded ¥113.876 million in subsidy income. We are reaffirming our business operations based on the availability of subsidy programs. - FY2022First statedAnnual report
「In the EV charging business, our group formulates management strategies and conducts sales activities on the assumption of government subsidy programmes for EVs and EV charging infrastructure. If there is a major change in policy, the order value and the number of EV chargers that can be installed may decline, potentially affecting operating results.」
The risk that orders and installations in the EV charging business depend on government subsidy programmes and policy direction was newly disclosed.