Risk associated with the obligation to purchase a co-investment interest in the Fukuoka Miyako Mega Solar project
First written in FY2023-Q3. 1 of 2 entries say "Restated". Latest entry: FY2023.
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- FY2023RestatedAnnual report
「If profitability were to decline for any reason and a co-investor exercised a put option, our Group would be obliged to purchase the investment interests and other interests, which could affect our Group’s results of operations and financial position.」
The company continues to disclose the risk of an obligation to purchase the interests if co-investors exercise put options when the profitability of Fukuoka Miyako Mega Solar declines. - FY2023-Q3First statedAnnual report
「Based on our Group’s track record in prior fiscal years and the characteristics of the solar power generation business under the FIT scheme, we believe that the risk of deterioration in the profitability of this power generation business is limited. However, if profitability were to decline for any reason and a co-investor exercised a put option, our Group would be obliged to purchase the investment interests and other interests, which could affect our Group’s results of operations and financial position.」
The company states that if the profitability of Fukuoka Miyako Mega Solar declines and a co-investor exercises a put option, our Group would be obliged to purchase the investment interests, potentially affecting results of operations and financial position.