Revenue fluctuations resulting from statutory inspections and periodic repairs at the Tomakomai Power Plant

「Operating profit was ¥1,726 million, down 38.4% from the previous fiscal year, due to higher maintenance costs following the statutory inspection in the Power Generation business, the prolonged period thereafter during which the plant was unable to operate at full capacity, and the recording of a provision for processing costs related to the increase in plastic fuel inventories caused by the suspension of operations.」

「Operating profit in the Resource Recycling field was ¥293 million, down 74.9% year on year, partly due to the prolonged period during which the Tomakomai Power Plant was unable to operate at full capacity after its statutory inspection and the recording of a provision for processing costs related to the increase in plastic fuel inventories caused by the suspension of operations.」

「In addition, scheduled maintenance at the Tomakomai Power Plant was conducted from March to April in the previous fiscal year, but from April to May in the current fiscal year. The resulting decline in operating days compared with the previous fiscal year also contributed to a 9.4% year-on-year decline in revenue during the six-month period.」

「However, if operations are suspended for an extended period due to a serious problem with power generation equipment or other facilities, the performance and financial position of the Group may be affected. Accordingly, the Tomakomai Power Plant is working to maintain stable operations through maintenance, including equipment upgrades.」

「Although maintenance costs associated with the statutory inspection of the Tomakomai Power Plant were recorded, profitability improved due to higher contracted electricity sales prices, resulting in operating profit of ¥3,200 million, up 36.6% year on year.」

「Meanwhile, power plant sales rose 66.3% year on year due to higher contracted electricity sales prices at the Tomakomai Power Plant. As a result, revenue was ¥9,198 million, up 11.9% year on year. Although maintenance costs associated with the statutory inspection of the Tomakomai Power Plant were recorded, profitability improved due to higher contracted electricity sales prices, resulting in operating profit of ¥1,981 million, up 27.1% year on year.」

「Meanwhile, power plant sales rose 62.9% year on year due to higher contracted electricity sales prices at the Tomakomai Power Plant. As a result, revenue was ¥4,495 million, up 10.4% year on year. Operating profit was ¥497 million, down 30.1% year on year, due to maintenance costs associated with the statutory inspection of the Tomakomai Power Plant.」

「Power plant sales rose 10.4% year on year due to the rebound from the suspension of power generation during the statutory inspection at the Tomakomai Power Plant in April of the previous fiscal year.」

「Power plant sales rose 11.7% year on year due to the rebound from the suspension of power generation during the statutory inspection at the Tomakomai Power Plant in April of the previous fiscal year. As a result, revenue was ¥8,218 million, up 0.3% year on year. Operating profit was ¥1,558 million, up 29.1% year on year, due to the rebound from the previous year's lower revenue and maintenance costs associated with the statutory inspection of the Tomakomai Power Plant.」

「In addition, power plant sales declined 4.0% from the previous fiscal year because the biennial statutory inspection of the Sanix Energy Tomakomai Power Plant was conducted in April 2021. As a result, revenue was ¥17,008 million, up 2.6% from the previous fiscal year. Operating profit was ¥3,158 million, down 14.0% from the previous fiscal year, partly due to maintenance costs associated with the statutory inspection of the Tomakomai Power Plant.」

「Power plant sales declined 9.0% year on year because the biennial statutory inspection of the Sanix Energy Tomakomai Power Plant was conducted in April, requiring operations to be suspended. Operating profit was ¥2,342 million, down 21.9% year on year, due to lower revenue and maintenance costs associated with the statutory inspection of the Tomakomai Power Plant.」

「Power plant sales declined 10.2% year on year because the biennial statutory inspection of the Sanix Energy Tomakomai Power Plant was conducted in April, requiring operations to be suspended. As a result, revenue was ¥8,194 million, down 1.2% year on year. Operating profit was ¥1,207 million, down 38.9% year on year, due to lower revenue and maintenance costs associated with the statutory inspection of the Tomakomai Power Plant.」

「Power plant sales declined 22.2% year on year because the biennial statutory inspection of the Sanix Energy Tomakomai Power Plant was conducted in April, requiring operations to be suspended. Operating profit was ¥174 million, down 81.5% year on year, due to lower revenue and maintenance costs associated with the statutory inspection of the Tomakomai Power Plant.」

「Although profit margins improved due to higher acceptance prices for waste plastics and profitability in the new electricity business also improved, operating profit was ¥972 million, down 5.6% from the previous fiscal year, due mainly to higher maintenance and other costs related to the biennial statutory inspection of the Tomakomai Power Plant.」

「Operating profit was ¥502 million, down 26.0% year on year, mainly due to higher inspection-related and other costs associated with the biennial statutory inspection of the Tomakomai Power Plant boiler.」

「Operating loss was ¥57 million, compared with operating profit of ¥577 million in the same period of the previous year. This was mainly due to lower electricity sales revenue and higher statutory inspection, maintenance and other costs at the Tomakomai Power Plant, where the biennial statutory inspection and annual scheduled maintenance were carried out during the six-month period ended in the second quarter.」