Transition to an Independent Power Producer Following Expiration of the Wholesale Electricity Supply Agreement
First written in FY2016. 4 of 13 entries say "Restated". Latest entry: FY2020.
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- FY2020AchievedAnnual report
「株式会社大平洋エネルギーセンター resolved to dissolve and liquidate the company at the board of directors meeting held on 25 April 2019, and was excluded from the scope of consolidation because its liquidation was completed on 20 January 2020.」
The process progressed from considering a restart after the expiration of the Power Generation Business contract and the facility shutdown to completing the dissolution and liquidation of 株式会社大平洋エネルギーセンター. - FY2020-Q1ReframedAnnual report
「The Group's reporting segments had previously consisted of the Nickel Business and the Power Generation Business, but from the first quarter of the current consolidated accounting period, they were changed to a single reporting segment, the Nickel Business. This change resulted from a review of the segment classification following the resolution at the board of directors meeting held on 25 April 2019 to dissolve and liquidate 株式会社大平洋エネルギーセンター.」
The Power Generation Business shifted from the stage of facility shutdown and consideration of restarting operations to a review of the reporting segments following the resolution to dissolve and liquidate the subsidiary. - FY2019-Q3RestatedAnnual report
「The contract with Tohoku Electric Power Company,Incorporated expired as of the end of the first quarter of the current consolidated fiscal year-to-date period, and the facilities are currently shut down. However, costs related to maintenance continue to be incurred, resulting in a loss. The company is considering restarting the business, including business models that would utilize its business assets and power-generation technology.」
The company reconfirmed that, following the expiration of the contract with Tohoku Electric Power Company,Incorporated, losses from the facility shutdown and maintenance costs continued to be recorded and the company was considering restarting operations. - FY2019-Q2Shifted from facility shutdown to consideration of restarting operationsAnnual report
「The contract with Tohoku Electric Power Company,Incorporated expired as of the end of the first quarter of the current consolidated fiscal year-to-date period, and the facilities are currently shut down. However, costs related to maintenance continue to be incurred, resulting in a loss. The company is considering restarting the business, including business models that would utilize its business assets and power-generation technology.」
Following the expiration of the contract with Tohoku Electric Power Company,Incorporated, the company shifted to recording losses due to the facility shutdown and maintenance costs, and is considering restarting the business by utilizing its business assets and power-generation technology. - FY2019-Q1Maintained higher revenue and profit and a certain level of operations after contract expirationAnnual report
「The Power Generation Business maintained a certain level of operations and therefore recorded a profit. As a result, revenue in this segment was ¥134 million, up 34.8% from the same quarter of the previous year, while operating profit was ¥16 million, up 48.8% year on year. The contract with Tohoku Electric Power Company,Incorporated had expired as of the end of the first quarter of the current consolidated fiscal year-to-date period.」
The Power Generation Business maintained a certain level of operations and recorded a profit, with revenue up 34.8% year on year and operating profit up 48.8%. Meanwhile, the contract with Tohoku Electric Power Company,Incorporated expired at the end of the quarter. - FY2018-Q3Maintained a certain level of operations and recorded a profit despite higher revenue and lower profitAnnual report
「The Power Generation Business recorded lower profit, but maintained a certain level of operations and therefore recorded a profit. As a result, revenue in this segment was ¥459 million, up 2.9% from the same quarter of the previous year, while operating profit was ¥61 million, down 18.2% year on year.」
The Power Generation Business recorded a 2.9% year-on-year increase in revenue and an 18.2% decrease in profit, while maintaining a certain level of operations and recording operating profit of ¥61 million. - FY2018-Q2Maintained a certain level of operations and recorded a profit despite higher revenue and lower profitAnnual report
「The Power Generation Business recorded lower profit than in the same quarter of the previous year, but maintained a certain level of operations and therefore recorded a profit.」
The Power Generation Business recorded lower profit year on year, while maintaining a certain level of operations and recording a profit. - FY2018-Q1Maintained a certain level of operations and recorded a profit despite lower revenue and profitAnnual report
「The Power Generation Business recorded lower revenue and profit than in the same quarter of the previous year, but maintained a certain level of operations and therefore recorded a profit.」
The Power Generation Business recorded lower revenue and profit year on year, while maintaining a certain level of operations and recording a profit. - FY2017RestatedAnnual report
「The Power Generation Business maintained a certain level of operations and therefore recorded a profit.」
The company reconfirmed its explanation that the Power Generation Business maintained a certain level of operations and recorded a profit. - FY2017-Q3RestatedAnnual report
「The Power Generation Business maintained a certain level of operations and therefore recorded a profit.」
The company reconfirmed that the Power Generation Business maintained a certain level of operations and recorded a profit. - FY2017-Q2ReframedAnnual report
「With the liberalization of the electricity market in April 2016, the company changed the name of its reporting segment from the former "Wholesale Electricity Supply Business" to the "Power Generation Business" beginning in the first quarter of the consolidated fiscal year. This change involved only the segment name and had no impact on segment information.」
Due to electricity market liberalization, the reporting segment name was changed from "Wholesale Electricity Supply Business" to "Power Generation Business." The company stated that this was only a name change and had no impact. - FY2017-Q1RestatedAnnual report
「The power generation business maintained a certain level of operations and recorded a profit.」
The company stated that, following its transition to an independent power producer, the power generation business maintained a certain level of operations and recorded a profit. - FY2016First statedAnnual report
「During the first quarter of the consolidated cumulative period, the electricity supply and demand agreement with the power company expired. Since then, the company has entered into a new agreement with the power company as an independent power producer.」
After the former wholesale electricity supply agreement expired, the company entered into a new agreement as an independent power producer.