Risk of Increased Entry into Electricity Retailing and Declining Price Advantage
First written in FY2021-Q1. 2 of 6 entries say "Restated". Latest entry: FY2024-Q1.
1 other company's latest entry also says "Restated".
- FY2024-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, because electricity supply operations had been transferred to another company, the company provided only collection agency services for electricity bills and customer contact services for existing customers.」
After transferring electricity supply operations to another company, the company continues to provide only collection agency services for electricity bills and customer contact services for existing customers. It has reaffirmed its direction of limiting exposure to price volatility risk as an electricity retailer. - FY2023MitigatedAnnual report
「Accordingly, the company does not believe that risks specific to electricity retailers, such as the impact of surging electricity procurement prices, are likely to have a material effect on the Group's performance.」
Following the transfer of electricity supply operations to an external provider, the shift to agency services, and completion of the customer transfer, the company continues to believe that risks specific to electricity retailers are unlikely to have a material effect on performance. - FY2023-Q2MitigatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the Company completed the transfer of customers to other companies that it had begun in the previous consolidated fiscal year. This measure resulted in a significant improvement in profit and loss.」
After transferring electricity supply operations to an external provider, completing the transfer of customers, and reducing the scale of the business, the profitability of the electricity retail business has improved substantially. - FY2022SoftenedAnnual report
「Accordingly, the company does not believe that risks specific to electricity retailers, such as the impact of surging electricity procurement prices, are likely to have a material effect on the Group's performance.」
After transferring electricity supply operations to an external provider and retaining only agency services, the company now believes that risks specific to electricity retailers, such as procurement price risk, are unlikely to have a material effect on performance. - FY2021-Q3RestatedAnnual report
「If more businesses enter the market in the future, competition may intensify. In addition, the Group's performance may be affected if it loses its price advantage due to revisions to electricity contracts by electricity suppliers, or if a substantial decline in electricity unit prices caused by lower generation costs or fuel prices reduces the savings achieved on customers' electricity bills.」
The company continues to disclose the risks of increased entry into the electricity retail business, loss of price competitiveness, and reduced customer savings due to declining electricity unit prices. - FY2021-Q1First statedAnnual report
「If more businesses enter the market in the future, competition may intensify. In addition, the Group's performance may be affected if it loses its price advantage due to revisions to electricity contracts by electricity suppliers, or if a substantial decline in electricity unit prices caused by lower generation costs or fuel prices reduces the savings achieved on customers' electricity bills.」
For the electricity retail business, the company has identified intensified competition from increased market entry, loss of price competitiveness due to revisions to electricity contracts, and reduced customer savings due to declining electricity unit prices as new performance risks.