Changes in power utilities’ business environment resulting from the full liberalization of electricity retailing and the legal separation of transmission and distribution operations, among other measures
First written in FY2017-Q1. 16 of 31 entries say "Restated". Latest entry: 2026-08-13.
Iwabuchi moved to the "Worse" side of this theme in 2017, 4 years before the typical company in this theme (2021).
The whole theme swung hardest in 2024: 5 of 7 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「In the electric power sector, our principal source of demand, replacement construction for aging facilities progressed amid efforts by electric power companies to reduce costs against a backdrop of soaring fuel prices,」
The report continues to describe business conditions in the electric power sector, where electric utilities continue to reduce costs against the backdrop of higher fuel prices while replacement work on aging equipment progresses. - FY2025-H1RestatedAnnual report
「In the electric power sector, our principal source of demand, replacement construction for aging facilities progressed amid efforts by electric power companies to reduce costs against a backdrop of soaring fuel prices,」
The report continues to describe the electric power sector as performing favorably because replacement work on aging equipment is progressing while electric utilities continue to reduce costs against the backdrop of higher fuel prices. - FY2024-Q2MitigatedAnnual report
「In the electric power sector, which represents a major source of demand for our Group, replacement work on aging equipment progressed while cost-cutting efforts continued against the backdrop of higher fuel prices, resulting in favorable performance.」
While electric utilities continued to reduce costs against the backdrop of higher fuel prices, replacement work on aging equipment progressed, and the electric power sector continued to perform favorably. - FY2024-Q1MitigatedAnnual report
「In the electric power sector, which represents a major source of demand for our Group, cost-cutting efforts continued against the backdrop of higher fuel prices, while replacement of aging equipment also progressed, resulting in favorable performance.」
While electric utilities continued to reduce costs against the backdrop of higher fuel prices, replacement demand for aging equipment progressed, supported by the revenue cap system and other factors, and the electric power sector turned favorable. - FY2023RestatedAnnual report
「In the electric power sector, which represents a major source of demand for our Group, requests to curb capital investment and reduce costs continued against the backdrop of a sharp rise in fuel prices, resulting in a challenging order environment.」
Restraint on capital investment, requests to reduce costs and a challenging order environment continued in the electric power sector against the backdrop of higher fuel prices. - FY2023-Q3RestatedAnnual report
「In the electric power sector, which represents a major source of demand for our Group, requests to curb capital investment and reduce costs continued amid a sharp rise in fuel prices, resulting in a challenging order environment.」
Restraint on capital investment, requests to reduce costs and a challenging order environment continued in the electric power sector against the backdrop of soaring fuel prices. - FY2023-Q1WorsenedAnnual report
「In the electric power industry, which represents a major source of demand for our Group, requests to curb capital investment and reduce costs continued amid a sharp rise in fuel prices, resulting in a challenging order environment.」
In addition to the existing restraint on capital investment and requests to reduce costs, the report explicitly identifies the sharp rise in fuel prices as a factor and characterizes the order environment in the electric power industry as challenging. - FY2022WorsenedAnnual report
「In distribution-line-related products, we conducted sales activities aimed at launching new products and expanding sales of existing products, but a challenging order environment resulted from electric utilities’ reviews of procurement methods aimed at strengthening their management foundations, as well as restrained capital investment. As a result, revenue was ¥3,385 million, a decrease of ¥94 million, or 2.7%, from the previous consolidated fiscal year.」
Electric utilities’ reviews of procurement methods and restrained capital investment continued, and the impact was quantified in full-year results as distribution-line-related revenue declined 2.7% year on year. - FY2022-Q3RestatedAnnual report
「In the electric power industry, which represents a major source of demand for our Group, requests to curb capital investment and reduce costs through further management rationalization continued against the backdrop of the spin-off of the transmission and distribution businesses, resulting in a challenging order environment.」
Electric utilities’ management rationalization, capital investment restraint, requests to reduce costs and a challenging order environment continued against the backdrop of the spin-off of their transmission and distribution businesses. - FY2022-Q2WorsenedAnnual report
「In distribution-line-related products, we conducted sales activities aimed at launching new products and expanding sales of existing products, but a challenging order environment resulted from electric utilities’ reviews of procurement prices aimed at strengthening their management foundations, as well as restrained capital investment. As a result, revenue was ¥1,622 million, a decrease of ¥91 million, or 5.3%, from the same period of the previous year.」
The challenging order environment resulting from electric utilities’ procurement price reviews and restrained capital investment continued, and distribution-line-related revenue declined 5.3% year on year. - FY2021RestatedAnnual report
「In the electric power industry, which represents a major source of demand for our Group, requests to curb capital investment and reduce costs through further management rationalization continued against the backdrop of the spin-off of the transmission and distribution businesses, resulting in a challenging order environment.」
The report continues to describe electric utilities’ management rationalization, capital investment restraint, requests to reduce costs and a challenging order environment against the backdrop of the spin-off of their transmission and distribution businesses. - FY2021-Q3RestatedAnnual report
「In the electric power industry, which represents a major source of demand for our Group, requests to curb capital investment and reduce costs through further management rationalization continued against the backdrop of the spin-off of the transmission and distribution businesses, resulting in a challenging order environment.」
Electric utilities’ management rationalization, capital investment restraint, requests to reduce costs and a challenging order environment continued against the backdrop of the spin-off of their transmission and distribution businesses. - FY2021-Q2RestatedAnnual report
「In the electric power industry, which represents a major source of demand for our Group, requests to curb capital investment and reduce costs through further management rationalization continued against the backdrop of the spin-off of the transmission and distribution businesses, resulting in a challenging order environment.」
The explanation continues to cite electric utilities’ management rationalization, capital investment restraint and requests to reduce costs, against the backdrop of the spin-off of their transmission and distribution businesses, as factors contributing to a challenging order environment. - FY2021-Q1WorsenedAnnual report
「In distribution-line-related products, we pursued active sales activities, including the launch of new products, but electric utilities’ procurement reviews aimed at strengthening their management foundations resulted in a challenging order environment. As a result, revenue was ¥861 million, a decrease of ¥47 million, or 5.2%, from the same period of the previous year.」
The challenging order environment resulting from electric utilities’ procurement reviews continued, and the impact of business conditions was quantified by the 5.2% year-on-year decline in distribution-line-related revenue. - FY2020ReframedAnnual report
「Although the spin-off of electric utilities’ transmission and distribution businesses has been completed and the series of electric power system reforms has ended in the key distribution-line-related market, we recognize that restructuring efforts involving the specifications, procurement and distribution of equipment and materials are likely to continue.」
The legal separation of the transmission and distribution businesses and electric power system reforms are treated as completed matters rather than future plans, and the description has been revised to reflect an environment in which restructuring of the specifications, procurement and distribution of equipment and materials continues. - FY2020-Q3Added a reference to the impact of typhoon damage.Annual report
「In distribution-line-related products, we pursued active sales activities, including the launch of new products, amid a challenging order environment caused by electric utilities’ efforts to review procurement as part of strengthening their management foundations, as well as the impact of typhoon damage. As a result, revenue was ¥2,610 million, an increase of ¥17 million, or 0.7%, from the same period of the previous year.」
The challenging order environment resulting from electric utilities’ procurement reviews continued, and the impact of typhoon damage was also explicitly noted. Meanwhile, sales activities including the launch of new products lifted distribution-line-related revenue 0.7% year on year. - FY2020-Q2RestatedAnnual report
「Among the electric utilities that are major customers of our Group, requests to curb capital investment and reduce costs through further management rationalization continue, reflecting higher power generation costs, efforts to maintain competitiveness against new electric power providers, and the strengthening of their management foundations in preparation for the legal separation of their transmission and distribution businesses.」
Electric utilities continued to rationalize management, curb capital investment and seek cost reductions against the backdrop of higher power generation costs, competition with new electric power providers, and efforts to strengthen management foundations in preparation for the legal separation of their transmission and distribution businesses. - FY2020-Q1RestatedAnnual report
「Among the electric utilities that are major customers of our Group, requests to curb capital investment and reduce costs through further management rationalization continue, reflecting higher power generation costs, efforts to maintain competitiveness against new electric power providers, and the strengthening of their management foundations in preparation for the legal separation of their transmission and distribution businesses.」
Management rationalization, capital investment restraint and requests to reduce costs continued against the backdrop of higher power generation costs, competition with new electric power providers, and efforts to strengthen management foundations in preparation for the legal separation of the transmission and distribution businesses. - FY2019WorsenedAnnual report
「Among the electric utilities that are major customers of our Group, requests to curb capital investment and achieve further cost reductions continue, driven not only by higher fuel costs but also by legal separation of the transmission and distribution businesses and management rationalization to compete with new electric power providers.」
Requests to curb capital investment and reduce costs continued against the backdrop of management rationalization by electric utilities, legal separation of their transmission and distribution businesses, and competition with new electric power providers. Revenue from distribution-line-related products declined 5.7% year on year. - FY2019-Q3WorsenedAnnual report
「The distribution-line business pursued proactive activities, including the launch of new products. However, electric utilities reviewed their procurement practices to strengthen their management bases, resulting in a challenging order environment. As a result, sales were ¥2,593 million, down ¥199 million, or 7.1%, from the same period of the previous year.」
The challenging order environment resulting from procurement reviews by electric utilities continued, and sales in the distribution-line business fell 7.1% year on year. - FY2019-Q2WorsenedAnnual report
「The distribution-line business pursued proactive activities, including the launch of new products. However, electric utilities reviewed their procurement practices to strengthen their management bases, resulting in a challenging order environment. As a result, sales were ¥1,712 million, down ¥93 million, or 5.2%, from the same period of the previous year.」
The review of procurement practices by electric utilities, in addition to management rationalization and capital investment restraint, resulted in a challenging order environment for the distribution-line business, and sales fell 5.2% year on year. - FY2019-Q1RestatedAnnual report
「Electric utilities, which are major customers of the Group, continue to restrain capital investment and demand further cost reductions as they promote management rationalization in preparation for the planned legal separation of their transmission and distribution businesses, in addition to the impact of higher alternative power-generation fuel costs following the suspension of nuclear power generation.」
The company states that electric utilities continue to face higher alternative power-generation fuel costs, management rationalization in preparation for the legal separation of transmission and distribution businesses, restraint on capital investment and demands for cost reductions. - FY2018-Q3RestatedAnnual report
「Electric utilities, which are major customers of the Group, continue to restrain capital investment and demand further cost reductions due to the impact of higher alternative power-generation fuel costs following the suspension of nuclear power generation, the shift to new electric power retailers following the full liberalization of retail electricity sales that began last fiscal year, and the planned legal separation of transmission and distribution businesses.」
The company continues to face restraint on capital investment and demands for cost reductions by electric utilities against a backdrop of higher fuel costs, the full liberalization of retail electricity sales, and the legal separation of transmission and distribution businesses. - FY2018-Q2WorsenedAnnual report
「The distribution-line business has pursued proactive activities, including the launch of new products. However, electric utilities have reviewed their procurement practices to strengthen their management bases, resulting in a challenging order environment. As a result, sales were ¥1,712 million, down ¥93 million, or 5.2%, from the same period of the previous year.」
In addition to the previous restraint on capital investment and demands for cost reductions, the company describes reductions in construction budgets and further management rationalization by some electric utilities, making the order environment more challenging. - FY2018-Q1WorsenedAnnual report
「Electric utilities, which are major customers of the Group, continue to restrain capital investment and demand further cost reductions due to the impact of higher alternative power-generation fuel costs following the suspension of nuclear power generation, the shift to new electric power retailers following the full liberalization of retail electricity sales that began last fiscal year, and the planned legal separation of transmission and distribution businesses.」
The company describes more specifically the impact on electric utilities, stating that capital investment restraint and demands for further cost reductions have continued in addition to changes in the business environment due to previous institutional changes and higher fuel costs. - FY2017RestatedAnnual report
「The business environment for electric utilities, which are major customers of the Group, has changed significantly due to the suspension of nuclear power generation and the resulting increase in alternative power-generation fuel costs, the shift to new electric power retailers following the full liberalization of retail electricity sales that began this fiscal year, and the planned legal separation of transmission and distribution businesses.」
The company continues to identify changes in the business environment resulting from higher alternative power-generation fuel costs for electric utilities, the full liberalization of retail electricity sales, and the legal separation of transmission and distribution businesses as key environmental factors. - FY2017-Q3RestatedAnnual report
「The business environment for electric utilities, which are major customers of the Group, has changed significantly due to the suspension of nuclear power generation and the resulting increase in alternative power-generation fuel costs, the shift to new electric power retailers following the full liberalization of retail electricity sales that began this fiscal year, and the planned legal separation of transmission and distribution businesses.」
The company continues to describe changes in the business environment for electric utilities resulting from higher fuel costs following the suspension of nuclear power generation, the full liberalization of retail electricity sales, and the legal separation of transmission and distribution businesses. - FY2017-Q2RestatedAnnual report
「The business environment for electric utilities, which are major customers of the Group, has changed significantly due to the suspension of nuclear power generation and the resulting increase in alternative power-generation fuel costs, the shift to new electric power retailers following the full liberalization of retail electricity sales that began this fiscal year, and the planned legal separation of transmission and distribution businesses.」
The company continues to describe changes in the business environment for electric utilities resulting from higher fuel costs following the suspension of nuclear power generation, the liberalization of retail electricity sales, and the legal separation of transmission and distribution businesses. - FY2017-Q1First statedAnnual report
「The business environment for electric utilities, which are major customers of the Group, has changed significantly due to the suspension of nuclear power generation and the resulting increase in alternative power-generation fuel costs, the shift to new electric power retailers following the full liberalization of retail electricity sales that began this fiscal year, and the planned legal separation of transmission and distribution businesses.」
The company identifies changes in the institutional and cost environment surrounding electric utilities, which are major customers, as a business risk.