Copper Wire and Cable Theft at Solar Power Facilities and the Suspension of the Nasu Town Power Plant
First written in FY2025-H1. 1 of 2 entries say "Materialised", first in FY2025-H1. Latest entry: FY2025.
3 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「Insurance proceeds received refers to the insurance payment received in connection with the theft of solar power equipment. Equipment restoration costs refers to the costs incurred to restore the equipment following the theft of solar power equipment.」
Following the theft, the Company received insurance proceeds of ¥28.800 million and recorded equipment restoration costs of ¥11.570 million. It describes the insurance coverage of the accident risk and the results of restoration efforts. - FY2025-H1MaterialisedAnnual report
「In the solar power generation business, copper wiring was stolen from solar power equipment at the Company's power generation facility in Nasumachi, Tochigi Prefecture. As a result, operations at the Nasumachi power plant have been suspended, with restoration scheduled for September 2024. The costs of restoring the equipment and lost profits until restoration are covered by insurance, with the amount of the insurance proceeds to be finalized and payment scheduled from the third quarter onward.」
The Company reports that copper wiring was actually stolen from the solar power equipment, resulting in the suspension of operations at the Nasumachi power plant and a planned restoration. The costs of restoring the equipment and lost profits until restoration are stated to be covered by insurance.