Downside to electricity sales revenue and earnings due to output curtailment
First written in FY2024-Q1. 1 of 3 entries say "Mitigated", first in FY2025-H1. Latest entry: FY2025.
The whole theme swung hardest in 2025: 5 of 14 companies on the "Worse" side.
12 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Although electricity sales revenue to power companies under the feed-in tariff system is our primary source of revenue, the increase in total solar power generation in recent years has led to more cases in which power companies request output curtailment to maintain the supply-demand balance, which may reduce net sales.」
The Company has reaffirmed output curtailment-related downside risk to electricity sales revenue as an ongoing risk in its renewable energy business. - FY2025-H1MitigatedAnnual report
「All power plants are operating broadly as expected.」
Regarding output curtailment, which was cited in the previous period as a factor behind the downside in electricity sales revenue, the Company stated that all power plants operated broadly as expected during the current interim consolidated accounting period. - FY2024-Q1First statedAnnual report
「The Company was affected by output curtailment in the service areas of Kyushu Electric Power, Chugoku Electric Power and Tohoku Electric Power. Electricity sales revenue fell below plan, resulting in lower revenue and lower earnings.」
Output curtailment occurred in several electricity service areas during the quarter, resulting in electricity sales revenue falling below plan.