Risk of Reliance on the Domestic Electricity Market and Nuclear Power Market and Intensifying Competition Resulting from Electricity Market Liberalization
First written in FY2016. 19 of 29 entries say "Restated". Latest entry: FY2026-H1.
Tve moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2025: 3 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Reframed".
- FY2026-H1ReframedAnnual report
「Amid heightened demands for energy security resulting from increasing international tensions and changing circumstances, including expected growth in electricity demand as DX and GX progress in Japan, the Seventh Strategic Energy Plan was approved by the Cabinet in February 2025. It presented a policy of maximising the use of power sources that contribute to energy security and have significant decarbonisation benefits, including renewable energy and nuclear power.」
In addition to the previous uncertainty associated with dependence on nuclear power and the domestic electricity market, the explanation was reorganised to present changes in the market environment, including energy security, increased electricity demand driven by DX and GX, and the use of nuclear power under the Seventh Strategic Energy Plan. - 2026-05-11RestatedResults
「2025年２月に第７次エネルギー基本計画が閣議決定し、再生可能エネルギーや原子力などのエネルギー安全保障に寄与し、脱炭素効果の高い電源を最大限活用するという方向性が提示されました。」
原子力を含むエネルギー政策の枠組みと2040年度の原子力比率2割程度の方向性を再確認した。 - FY2025ReframedAnnual report
「The plan states that nuclear power will account for approximately 20% of the generation mix in the fiscal 2040 energy supply and demand outlook. While continuing to use nuclear power at the necessary scale, subject above all to ensuring safety, it specifies that the construction of next-generation advanced reactors will be pursued by replacing reactors at the sites of operators that have decided to decommission existing reactors, while taking into account progress in addressing backend issues.」
The description of dependence on the nuclear power market was reorganised to include the policy framework under the Seventh Strategic Energy Plan: a nuclear power share of approximately 20% in fiscal 2040, on-site replacement of reactors, and consideration of backend issues. - FY2025-H1ReframedAnnual report
「Under the plan, nuclear power is expected to account for approximately 20% of the generation mix in the fiscal 2040 energy supply and demand outlook. It explicitly states that nuclear power will continue to be used at the necessary scale, subject above all to ensuring safety, and calls for accelerating backend processes such as the nuclear fuel cycle, decommissioning and final disposal, as well as promoting research and development of next-generation advanced reactors.」
The description was reorganised to add to the previous explanation of uncertainty associated with dependence on nuclear power and the electricity market the policy framework under the Seventh Strategic Energy Plan, including a nuclear power share of approximately 20% in fiscal 2040, acceleration of backend processes and research and development of next-generation advanced reactors. - FY2024ReframedAnnual report
「In October 2024, Unit 2 of Tohoku Electric Power's Onagawa Nuclear Power Station resumed operations for the first time in approximately 13 years. Further reactor restarts are expected, and development of next-generation advanced reactors incorporating new safety mechanisms is also under way. Meanwhile, as initiatives toward GX progress, thermal power generation is expected to shift from conventional fossil fuels such as coal to non-fossil fuels such as hydrogen and ammonia.」
The description of dependence on the nuclear power market was reorganised to present both the use of nuclear power through reactor restarts and next-generation advanced reactors, and the shift in thermal power generation to fuels such as hydrogen and ammonia. - FY2024-Q2RestatedAnnual report
「The business supplied to nuclear power plants, the core market of our valve business, had been difficult since the accident at Tokyo Electric Power Company Holdings' Fukushima Daiichi Nuclear Power Station caused by the tsunami of the Great East Japan Earthquake. However, as initiatives toward global green transformation (GX) progress in response to global warming, Japan's Basic Policy for the Realisation of GX, approved by the Cabinet in February 2023, positions nuclear power as an important source of decarbonised baseload electricity for a stable power supply and the achievement of carbon neutrality. Subject to ensuring safety, it sets out a policy of using nuclear power.」
The previous recognition of the market environment was reconfirmed by presenting both the difficult business environment associated with dependence on the nuclear power market and the policy of using nuclear power to achieve GX. - FY2024-Q1ReframedAnnual report
「The business supplied to nuclear power plants, the core market of our valve business, had been difficult since the accident at Tokyo Electric Power Company Holdings' Fukushima Daiichi Nuclear Power Station caused by the tsunami of the Great East Japan Earthquake. However, as initiatives toward global green transformation (GX) progress in response to global warming, Japan's Basic Policy for the Realisation of GX, approved by the Cabinet in February 2023, positions nuclear power as an important source of decarbonised baseload electricity for a stable power supply and the achievement of carbon neutrality. Subject to ensuring safety, it sets out a policy of using nuclear power, including restarting reactors, extending their operating periods, constructing new reactors and replacing existing ones, and considering decommissioning, with further reactor restarts expected. Meanwhile, as initiatives toward GX progress, thermal power generation is expected to shift from conventional fossil fuels such as coal to non-fossil fuels such as hydrogen and ammonia, known as decarbonised fuels.」
The description of the market environment was reorganised to add to the previous framework of difficult conditions caused by dependence on the nuclear power market the GX policy of restarting reactors and extending their operating periods, among other measures, and the shift in thermal power generation toward decarbonised fuels. - FY2023-Q3RestatedAnnual report
「The business supplied to nuclear power plants, the main customers of our valve business, remains difficult since the accident at Tokyo Electric Power Company Holdings' Fukushima Daiichi Nuclear Power Station caused by the tsunami of the Great East Japan Earthquake. Meanwhile, uncertainty is also increasing over the future of coal-fired power plants, another major destination for our products, as initiatives toward global green transformation (GX) progress worldwide in response to global warming.」
We reconfirmed the difficult conditions in the nuclear power business and the uncertainty surrounding the future of coal-fired power plants against the backdrop of GX. - FY2023-Q2RestatedAnnual report
「The business supplied to nuclear power plants, the main customers of our valve business, remains difficult since the accident at Tokyo Electric Power Company Holdings' Fukushima Daiichi Nuclear Power Station caused by the tsunami of the Great East Japan Earthquake. Meanwhile, uncertainty is also increasing over the future of coal-fired power plants, another major destination for our products, as initiatives toward global green transformation (GX) progress in response to global warming.」
We reconfirmed the difficult conditions in the nuclear power business and the uncertainty surrounding the future of coal-fired power plants against the backdrop of GX and global warming. - FY2023-Q1RestatedAnnual report
「The business supplied to nuclear power plants, the main customers of our valve business, remains difficult since the accident at Tokyo Electric Power Company Holdings' Fukushima Daiichi Nuclear Power Station caused by the tsunami of the Great East Japan Earthquake. In addition, as initiatives toward a decarbonised society accelerate further in response to global warming caused by greenhouse gases, uncertainty is increasing over the future of coal-fired power plants, another major destination for our products.」
We reconfirmed the difficult conditions in the nuclear power business and the uncertainty surrounding the future of coal-fired power plants against the backdrop of the transition to a decarbonised society. - FY2022-Q3RestatedAnnual report
「The business supplied to nuclear power plants, the main customers of our valve business, remains extremely difficult since the accident at Tokyo Electric Power Company Holdings' Fukushima Daiichi Nuclear Power Station caused by the tsunami of the Great East Japan Earthquake. In addition, uncertainty is increasing for coal-fired power plants as initiatives toward a decarbonised society progress in response to global warming.」
We reconfirmed the difficult conditions in the nuclear power business and the uncertainty surrounding coal-fired power plants against the backdrop of initiatives toward a decarbonised society. - FY2022-Q2RestatedAnnual report
「The business supplied to nuclear power plants, the main customers of our valve business, remains extremely difficult since the accident at Tokyo Electric Power Company Holdings' Fukushima Daiichi Nuclear Power Station caused by the tsunami of the Great East Japan Earthquake. In addition, uncertainty is increasing for coal-fired power plants as initiatives toward a decarbonised society progress in response to global warming.」
We reconfirmed the difficult conditions in the nuclear power business and the uncertainty surrounding coal-fired power plants against the backdrop of initiatives toward a decarbonised society. - FY2022-Q1RestatedAnnual report
「The business supplied to nuclear power plants, the main customers of our valve business, remains extremely difficult since the accident at Tokyo Electric Power Company Holdings' Fukushima Daiichi Nuclear Power Station caused by the tsunami of the Great East Japan Earthquake. In addition, uncertainty is increasing for coal-fired power plants as initiatives toward a decarbonised society progress in response to global warming.」
We reconfirmed the difficult conditions in the nuclear power business and the uncertainty surrounding coal-fired power plants against the backdrop of initiatives toward a decarbonised society. - FY2021WorsenedAnnual report
「The restart of boiling-water reactors (BWRs) that have yet to resume operations is expected in the future. However, uncertainty remains, including over the position of conventional nuclear power plants in Japan's electricity policy, the nature of initiatives involving small modular reactors (SMRs), and whether the nuclear fuel cycle will continue to be pursued.」
The uncertainty surrounding electricity policy, including BWRs, SMRs and the nuclear fuel cycle, was specified as a risk associated with dependence on the nuclear power market. - FY2021-Q3RestatedAnnual report
「The business supplied to nuclear power plants, the main customers of our valve business, remains extremely difficult since the accident at Tokyo Electric Power Company Holdings' Fukushima Daiichi Nuclear Power Station caused by the tsunami of the Great East Japan Earthquake. In addition, uncertainty is increasing for coal-fired power plants as initiatives toward a decarbonised society progress in response to global warming.」
We reconfirmed the difficult conditions in the nuclear power business and the uncertainty in the coal-fired power market against the backdrop of initiatives toward a decarbonised society. - FY2021-Q2RestatedAnnual report
「The business supplied to nuclear power plants, the main customers of our valve business, has been extremely difficult since the accident at Tokyo Electric Power Company Holdings' Fukushima Daiichi Nuclear Power Station caused by the tsunami of the Great East Japan Earthquake. In addition, uncertainty is increasing for coal-fired power plants as initiatives toward a decarbonised society progress in response to global warming.」
We reconfirmed the difficult conditions in the nuclear power business and the uncertainty in the coal-fired power market against the backdrop of initiatives toward a decarbonised society. - FY2021-Q1RestatedAnnual report
「The business supplied to nuclear power plants, the main customers of our valve business, has been extremely difficult since the accident at Tokyo Electric Power Company Holdings' Fukushima Daiichi Nuclear Power Station caused by the tsunami of the Great East Japan Earthquake. In addition, uncertainty is increasing for coal-fired power plants as initiatives toward a decarbonised society progress in response to global warming.」
We reconfirmed the difficult conditions in the nuclear power business and the uncertainty surrounding coal-fired power plants against the backdrop of initiatives toward a decarbonised society. - FY2020WorsenedAnnual report
「As a result of this event, our Group at one point recorded a decline in revenue of more than ¥3 billion and a loss exceeding ¥1 billion. Even now, revenue remains at approximately 80% of its previous scale, and has continued to fall well short of pre-earthquake levels.」
The impact of the risk associated with dependence on nuclear power and the domestic electricity market was quantified as a revenue decline of more than ¥3 billion, a loss exceeding ¥1 billion and revenue at approximately 80% of pre-earthquake levels following the Fukushima nuclear accident. - FY2020-Q3RestatedAnnual report
「The business supplied to nuclear power plants, the main customers of our valve business, has been extremely difficult since the accident at Tokyo Electric Power Company Holdings' Fukushima Daiichi Nuclear Power Station caused by the tsunami of the Great East Japan Earthquake. In addition, uncertainty is increasing for coal-fired power plants because of global warming, making it extremely difficult to assess future market trends.」
We reconfirmed the difficult conditions in the nuclear power business and the uncertainty in the coal-fired power market against the backdrop of global warming. - FY2020-Q2RestatedAnnual report
「The business supplied to nuclear power plants, the main customers of our valve business, has been extremely difficult since the accident at Tokyo Electric Power Company Holdings' Fukushima Daiichi Nuclear Power Station caused by the tsunami of the Great East Japan Earthquake. In addition, uncertainty is increasing for coal-fired power plants because of global warming, making it extremely difficult to assess future market trends.」
We reconfirmed the difficult conditions in the nuclear power business and the uncertainty in the coal-fired power market against the backdrop of global warming. - FY2020-Q1WorsenedAnnual report
「The business supplied to nuclear power plants, the main customers of our valve business, has been extremely difficult since the accident at Tokyo Electric Power Company Holdings' Fukushima Daiichi Nuclear Power Station caused by the tsunami of the Great East Japan Earthquake. Uncertainty is also increasing for coal-fired power plants because of global warming, making it extremely difficult to assess future market trends.」
In addition to the difficult conditions in the nuclear power business, uncertainty has increased for coal-fired power plants against the backdrop of global warming, broadening uncertainty over the outlook for the electricity market. - FY2019-Q2RestatedAnnual report
「No new business or other risks arose during the 2nd quarter cumulative period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes were identified in the risk of intensified competition resulting from dependence on the domestic electricity and nuclear power markets and electricity-market deregulation. - FY2019-Q1RestatedAnnual report
「During the first quarter of the fiscal year, there were no newly emerging business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No material changes were identified in the risk of intensified competition resulting from dependence on the domestic electricity and nuclear power markets and electricity-market deregulation. - FY2018WorsenedAnnual report
「It will remain unavoidable for us to operate a business that is heavily dependent on the electricity market. Accordingly, any major change in the electricity business environment, whatever the cause, could have a material impact on our Group's performance.」
The unavoidable nature of dependence on the electricity market was reiterated, and the risk factors were expanded to include changes in the form of power generation businesses, delays in adopting digital technologies, market contraction resulting from global warming, and changes in the policies of major customers. - FY2018-Q3RestatedAnnual report
「The business model of our Group, which is built around periodic inspection and maintenance work at nuclear power plants, was significantly affected, and we recognise that the business environment has remained difficult even 7 years after the earthquake.」
We reconfirmed the impact on the business model centred on periodic nuclear power plant inspection and maintenance work and our recognition that the business environment has continued to be difficult even 7 years after the earthquake. - FY2018-Q2RestatedAnnual report
「The business model of our Group, which is built around periodic inspection and maintenance work at nuclear power plants, was significantly affected, and we recognise that the business environment has remained difficult even 7 years after the earthquake.」
We reconfirmed the impact on the business model centred on periodic nuclear power plant inspection and maintenance work and our recognition that the business environment remained difficult even 7 years after the earthquake. - FY2018-Q1RestatedAnnual report
「The business model of our Group, which is built around periodic inspection and maintenance work at nuclear power plants, was significantly affected, and the business environment has remained difficult even 6 years after the earthquake.」
We reconfirmed the impact on the business model centred on periodic nuclear power plant inspection and maintenance work, as well as the continued difficult business environment after the earthquake. - FY2017RestatedAnnual report
「However, since the Fukushima Daiichi nuclear accident, market stability has been completely lost and operations have continued amid uncertainty. We are concerned that electricity-market deregulation could create even greater uncertainty.」
We reconfirmed the risks associated with dependence on the domestic electricity and nuclear power markets, as well as competition and uncertainty resulting from electricity-market deregulation. - FY2016First statedAnnual report
「However, since the Fukushima Daiichi nuclear accident, market stability has been completely lost and operations have continued amid uncertainty. We are concerned that electricity-market deregulation could create even greater uncertainty.」
Dependence on the domestic electricity market, particularly the nuclear power market, was redefined as a structural risk, with the loss of market stability after the Fukushima Daiichi nuclear accident and intensified competition resulting from electricity-market deregulation identified as factors.