Risk of intensifying competition and misjudging bid prices in electricity sales
First written in FY2019. 3 of 5 entries say "Restated". Latest entry: FY2022-Q4.
No other company in this theme has enough history to compare yet.
- FY2022-Q4MitigatedAnnual report
「Following the filing on 25 March 2022 of a petition for commencement of bankruptcy proceedings for ホープエナジー, formerly a consolidated subsidiary, and the issuance of a commencement order on the same date, we withdrew from the energy business, changed our business portfolio and, under the new structure, are treating the elimination of negative net worth by the end of the current consolidated fiscal year as our highest priority.」
The Company has withdrawn from the energy business, which was exposed to competition and bid-price risk in electricity sales, thereby reducing its direct exposure to that risk. - FY2020-Q3RestatedAnnual report
「During the cumulative third-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes have been identified in the risk of intensifying competition and misjudging bid prices in electricity sales. - FY2020-Q2RestatedAnnual report
「During the cumulative second-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes have been identified in the risk of intensifying competition and misjudging bid prices in electricity sales. - FY2020-Q1RestatedAnnual report
「During the cumulative first-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes have been identified in the risk of intensifying competition and misjudging bid prices in electricity sales. - FY2019First statedAnnual report
「However, if the Company misjudges competitors' bid amounts, selling prices fall sharply due to intensifying competition, or unexpected changes occur in the tendering system, it may be unable to sell sufficient electricity, resulting in lower revenue and potentially affecting its business performance.」
For GENEWAT's electricity tenders for local governments, the Company identifies misjudging competitors' bids, lower selling prices due to competition and changes in the system as new specific risks.