Changes to renewable energy policy and volatility in the solar power market
First written in FY2016. 24 of 27 entries say "Materialised", first in FY2017-Q2. Latest entry: 2026-08-17.
Sanix Holdings moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
1 other company's latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Revenue in the energy business declined 6.6% from the previous fiscal year because of changes in the solar power generation market environment and intensifying competition.」
Changes in the solar power generation market environment and intensifying competition appeared in practice as lower revenue in the energy business. - FY2024MaterialisedAnnual report
「In the SE business segment, the company launched the business in the previous fiscal year and focused on selling solar power generation systems and other products specialized for detached houses. Although battery sales increased year on year, the number of completed solar power generation system projects declined. As a result, revenue was ¥1,267 million, down 26.6% from the previous fiscal year.」
Fluctuations in demand for solar power generation systems and the number of completed projects appeared in results as a 26.6% full-year decline in revenue from the SE business serving detached homes. - FY2024-Q1MaterialisedAnnual report
「In the SE business division, which was launched in the previous fiscal year, we focused on selling solar power generation systems and other products for detached houses. Although battery storage sales increased year on year, the number of completed solar power generation system projects declined. As a result, net sales were ¥292 million, down 27.1% year on year.」
The decline in completed solar power generation system projects occurred in practice and could not be offset by increased battery sales, resulting in a 27.1% year-on-year decline in SE business revenue. Although no material changes were reported in risks, the impact of market and demand fluctuations has appeared in business results. - FY2022MaterialisedAnnual report
「In the SE business segment, solar power generation systems were affected by the decline in commercial projects for investment purposes resulting from the FIT scheme revision. Although the company focused on solar power generation systems for surplus-power sales and self-consumption, and small-scale projects such as residential projects increased, revenue declined 17.9% from the previous fiscal year.」
The decline in investment-oriented projects resulting from the FIT scheme revision continued to appear in full-year results after the shift toward surplus-power sales, self-consumption and smaller projects, with solar power generation systems revenue down 17.9% and SE revenue down 17.0%. - FY2022-Q3MaterialisedAnnual report
「In the SE business division, solar power generation system revenue was affected by a decline in investment-oriented projects following revisions to the FIT scheme. Although we focused on solar power generation systems for surplus-power and self-consumption applications and the number of installations remained at the previous fiscal year's level, revenue declined 19.0% year on year because many projects were small-scale. As a result, net sales were ¥6,223 million, down 19.2% year on year.」
The decline in investment-oriented projects resulting from the FIT scheme revision appeared in results through a focus on surplus-power sales and self-consumption, a shift to smaller projects, a 19.0% decline in solar power generation systems revenue, and a 19.2% decline in SE revenue. - FY2022-Q2MaterialisedAnnual report
「In the SE business division, solar power generation system revenue was affected by a decline in investment-oriented projects following revisions to the FIT scheme. FIT-eligible construction declined 28.5% year on year, and net sales were ¥3,828 million, down 29.1% year on year.」
The decline in investment-oriented projects resulting from the FIT scheme revision continued to appear in results as a 28.5% year-on-year decline in FIT-eligible construction and a 29.1% year-on-year decline in SE revenue. No material changes were reported in the related risks and other factors. - FY2022-Q1MaterialisedAnnual report
「In the SE business division, solar power generation system revenue was affected by revisions to the FIT scheme and lower purchase prices. FIT-eligible construction declined 40.5% year on year. As a result, net sales were ¥1,798 million, down 40.6% year on year.」
The impact of the solar power market from the FIT scheme revision and lower purchase prices appeared as a 40.5% year-on-year decline in FIT-eligible construction and a 40.6% year-on-year decline in SE revenue. - FY2021MaterialisedAnnual report
「In response to revisions to the FIT scheme, the SE business division began selling solar power generation systems for self-consumption during the current fiscal year to develop new markets. However, construction of solar power generation systems with land included, which had performed well in the previous fiscal year, declined. As a result, solar power generation system revenue fell 30.5% year on year, and net sales were ¥10,584 million, down 30.3% year on year.」
The revision of the FIT scheme and the decline in construction of ground-mounted solar power facilities appeared in full-year results as a 30.5% decline in solar power generation systems revenue and a 30.3% decline in SE business revenue. - FY2021-Q3MaterialisedAnnual report
「In response to the revision of the FIT scheme, the SE business segment began selling systems for self-consumption this fiscal year to develop a new market, anticipating a decline in construction of ground-mounted solar power facilities, which had performed well in the previous fiscal year. However, progress has not proceeded as planned, partly because of the impact of the spread of COVID-19.」
The decline in construction of ground-mounted solar power facilities following the FIT scheme revision and the failure to meet the sales plan for self-consumption products have appeared in actual business progress. - FY2020ReframedAnnual report
「As the FIT scheme was redesigned from this fiscal year on the assumption of self-consumption, we expect the product concept and proposal content to change significantly.」
In addition to the risk of fluctuations in the solar power market under the former full-purchase model, the FIT scheme shifted to an assumption of self-consumption, creating risks associated with changes in products and proposal content. In practice, an inventory valuation loss resulting from the scheme change was also recorded. - FY2020-Q2RestatedAnnual report
「Although the pace of contraction in the solar power market is gradually slowing, the impact of measures including revisions to selling prices in response to lower FIT prices caused revenue from solar power generation systems to decline. As a result, revenue was ¥5,606 million, down 5.7% year on year.」
Although no material changes were reported in business risks, revisions to selling prices in response to lower FIT prices continued to appear as a 5.7% decline in revenue from solar power generation systems. - FY2019MaterialisedAnnual report
「Revenue from the SE business segment was ¥14,427 million, down 19.3% from the previous consolidated fiscal year.」
The ongoing contraction of the solar power generation market resulted in a 19.3% year-on-year decline in full-year revenue from the SE business segment. - FY2019-Q3MaterialisedAnnual report
「Revenue from solar power generation systems declined. In addition to the impact of the shrinking solar power generation market, Feed-in Tariff business plan approvals were delayed more than expected, resulting in delays across the board. As a result, revenue was ¥9,664 million, down 24.8% year on year, representing a substantial decline.」
In addition to the contraction of the solar power market, delays in FIT project-plan approvals continued to exceed expectations, resulting in a 24.8% year-on-year decline in SE business revenue. - FY2019-Q2MaterialisedAnnual report
「Revenue from solar power generation systems declined. In addition to the impact of the shrinking solar power generation market, Feed-in Tariff business plan approvals were delayed more than expected during the six-month period ended 30 September, resulting in delays across the board. As a result, revenue was ¥5,947 million, down 31.8% year on year, representing a substantial decline.」
In addition to the contraction of the solar power market, delays in Feed-in Tariff business plan approvals continued, and SE business revenue fell 31.8% year on year. - FY2019-Q1MaterialisedAnnual report
「Revenue from solar power generation systems declined. In addition to the impact of the shrinking solar power generation market, approval of Feed-in Tariff business plans was delayed more than expected during the three-month period ended 30 June, resulting in delays across the board. As a result, revenue was ¥2,779 million, down 38.2% year on year, representing a substantial decline.」
In addition to the contraction of the solar power market, Feed-in Tariff business plan approvals were delayed more than expected, resulting in a 38.2% year-on-year decline in SE business revenue. - FY2018MaterialisedAnnual report
「The environment surrounding the solar power generation business has become challenging due to the revision of the Feed-in Tariff Act, reductions in purchase prices and other factors. The impact of the shrinking industrial solar power generation market was substantial, and revenue from solar power generation system installations fell 31.3% from the previous fiscal year.」
The market contraction against the backdrop of the revised Feed-in Tariff Act and lower purchase prices continued, resulting in a 31.3% year-on-year decline in installation revenue in the SE business and affecting full-year results. - FY2018-Q3MaterialisedAnnual report
「In response to the amended FIT Act, we expanded the maintenance business, including the installation of ancillary equipment. However, the impact of the shrinking market for industrial solar power generation was significant, and the number of installations of these systems declined substantially. Revenue from the installation of solar power generation systems decreased 31.0% year on year.」
The contraction of the solar power market against the backdrop of the revision of the Feed-in Tariff Act and other factors continued to materialize in a substantial decline in installations and a 31.0% decline in installation revenue. - FY2018-Q2MaterialisedAnnual report
「In response to the amended FIT Act, we focused on the maintenance business, including the installation of ancillary equipment. However, the impact of the shrinking market for industrial solar power generation was significant, and the number of installations of these systems declined. Revenue from the installation of solar power generation systems decreased 27.4% year on year.」
The contraction of the solar power market against the backdrop of the revision of the Feed-in Tariff Act and other factors continued to materialize in a decline in installations and a 27.4% year-on-year decline in installation revenue. - FY2018-Q1MaterialisedAnnual report
「The primary factor was a decline in the number of industrial solar power generation installations due to the impact of the shrinking solar power generation market. As a result, revenue was ¥4,500 million, down 21.8% year on year.」
The contraction of the solar power market against the backdrop of the revision of the Feed-in Tariff Act and other factors materialized in the first quarter as a decline in installations in the SE business division and a 21.8% decline in revenue. - FY2017MaterialisedAnnual report
「The market has continued to contract due to the revision of the Feed-in Tariff Act, reductions in purchase prices and other factors.」
The market continued to contract due to regulatory revisions and lower purchase prices, with SE revenue of ¥26,225 million, down 34.2% from the previous fiscal year. - FY2017-Q3MaterialisedAnnual report
「During the nine-month period ended 31 December, revenue was unavoidably affected by changes in the environment and market contraction in the solar power generation business, and the SE (Solar Engineering) business division recorded a substantial decline in revenue.」
The contraction of the solar power generation market continued to result in lower SE business revenue, with SE revenue of ¥18,597 million, down 36.5% year on year. The disclosure quantifies the impact. - FY2017-Q2MaterialisedAnnual report
「Revenue was unavoidably affected by changes in the market environment for the solar power generation business, and the SE business division recorded a substantial decline in revenue.」
Volatility in the solar power market translated into an actual decline in SE business revenue, with SE revenue of ¥11,972 million, down 39.3% year on year. - FY2016First statedAnnual report
「The Group operates in a challenging market environment surrounding the solar power generation business, including major revisions to the rules of the Feed-in Tariff system for renewable energy.」
The disclosure identifies major revisions to the rules of the Feed-in Tariff system and the challenging market environment as factors behind the decline in revenue from the solar power generation business during the year.