Decline in large-scale projects and project volume due to the slowdown in construction plans for ultra-supercritical thermal power generation
First written in FY2017-Q2. 14 of 21 entries say "Restated". Latest entry: FY2024.
1 other company's latest entry also says "Reframed".
- FY2024ReframedAnnual report
「Against this backdrop, power plants are undergoing major changes. The Group considers the shift first to fuels such as hydrogen and ammonia for zero-emission thermal power generation, followed by changes in plant management technology using AI and IT, to be particularly important.」
The risk of a slowdown in conventional thermal power plant construction plans and market contraction was reorganised as a shift in market structure involving the transition to hydrogen and ammonia fuels and changes in plant management technology using AI and IT. - FY2024-Q2RestatedAnnual report
「In addition, as efforts toward achieving GX progress, thermal power plants, another major destination for the Group’s products, are expected to shift from power generation using conventional fossil fuels such as coal to power generation using non-fossil fuels such as hydrogen and ammonia.」
The expected shift in the thermal power generation market from fossil fuels such as coal to hydrogen, ammonia and other fuels against the backdrop of GX was reconfirmed. - FY2024-Q1ReframedAnnual report
「In addition, as efforts toward achieving GX progress, thermal power plants, another major destination for the Group’s products, are expected to shift from power generation using conventional fossil fuels such as coal to power generation using non-fossil fuels such as hydrogen and ammonia, commonly referred to as decarbonised fuels.」
The uncertainty surrounding the thermal power generation market was reorganised in terms of a shift in the method of power generation toward decarbonised fuels such as hydrogen and ammonia, rather than solely a contraction of the conventional coal-fired power generation market. - FY2023-Q3RestatedAnnual report
「In addition, coal-fired power plants, another major destination for the Group’s products, are also facing increasing uncertainty regarding their future as efforts toward a worldwide green transformation (hereinafter, “GX”) progress in response to the issue of global warming.」
The increasing future uncertainty in the coal-fired power generation market accompanying progress toward decarbonisation and GX was reconfirmed. - FY2023-Q2RestatedAnnual report
「In addition, coal-fired power plants, another major destination for the Group’s products, are also facing increasing uncertainty regarding their future as efforts toward a worldwide green transformation (hereinafter, “GX”) progress in response to the issue of global warming.」
The recognition that worldwide efforts toward achieving GX are increasing uncertainty about the future of the thermal power generation market, including coal-fired power plants, was reconfirmed. - 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.」
The recognition that uncertainty in the thermal power generation market, including coal-fired power plants, is increasing as a result of efforts toward a decarbonised society was reconfirmed. - FY2021WorsenedAnnual report
「Conditions overseas are already becoming more difficult than in Japan, and we recognise that new business plans are being cancelled one after another amid moves to withdraw or cancel investment worldwide.」
The uncertainty surrounding the thermal power generation market against the backdrop of decarbonisation and greenhouse gas reduction efforts was specified in greater detail, including the withdrawal or cancellation of overseas investment and the cancellation of new projects. - 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.」
The existing recognition that efforts toward a decarbonised society are contributing to uncertainty in the thermal power generation market, including coal-fired power plants, was reconfirmed. - 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.」
The recognition through the previous quarter of uncertainty in the thermal power generation market, including coal-fired power plants, was reconfirmed. - 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.」
The recognition that uncertainty in the thermal power generation market, including coal-fired power plants, is increasing as a result of efforts toward a decarbonised society was reconfirmed. - FY2020RestatedAnnual report
「Although there are no major disruptions at domestic thermal power plants, the future market is extremely uncertain because of the need to reduce greenhouse gas emissions, and we recognise that conditions are also becoming increasingly difficult worldwide.」
The uncertainty surrounding the coal-fired and thermal power generation markets against the backdrop of greenhouse gas reduction efforts, as well as concerns about a future decline in large-scale projects, was reconfirmed. - 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.」
The recognition through the previous quarter of uncertainty in the thermal power generation market, including coal-fired power plants, was reconfirmed. - 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.」
The recognition through the previous quarter of uncertainty in the thermal power generation market, including coal-fired power plants, was reconfirmed. - FY2020-Q1WorsenedAnnual report
「The issue of global warming is also increasing uncertainty surrounding coal-fired power plants, making it extremely difficult to assess future market trends.」
The increasing uncertainty surrounding the thermal power generation market, including coal-fired power plants, against the backdrop of global warming was highlighted. - 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.」
It was determined that there had been no material change regarding the risk of a decline in large-scale projects and project volume due to the slowdown in ultra-supercritical thermal power plant construction plans. - 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.」
It was determined that there had been no material change regarding the risk of a decline in large-scale projects and project volume due to the slowdown in ultra-supercritical thermal power plant construction plans. - FY2018WorsenedAnnual report
「The world is taking an increasingly stringent stance, particularly toward coal-fired power generation, in response to the need to reduce greenhouse gas emissions. In Japan, while regulations on newly built thermal power plants are being tightened for environmental reasons, regulations on existing thermal power plants are being eased, and the Group is being forced to revise its sales strategy accordingly.」
The difficult environment for new projects in the market for newly built thermal power plants, including ultra-supercritical thermal power plants, was reiterated in light of greenhouse gas reduction efforts and tighter domestic regulations, and the revision of the sales strategy was explicitly stated. - FY2018-Q3RestatedAnnual report
「There have been no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It was determined that there had been no material change regarding the risk of a decline in large-scale projects and project volume due to the slowdown in ultra-supercritical thermal power plant construction plans. - FY2017WorsenedAnnual report
「For thermal power plants as well, large-scale projects were becoming scarce and the overall number of projects was also trending downward because of the slowdown in advanced ultra-supercritical thermal power plant construction plans and other factors. As a result, net sales for the consolidated fiscal year amounted to ¥8,102 million, down 4.9% year on year.」
The decline in large-scale projects and project volume resulting from the slowdown in ultra-supercritical thermal power plant construction plans was reflected in full-year performance, with company-wide net sales down 4.9% year on year. - FY2017-Q3RestatedAnnual report
「For thermal power plants as well, large-scale projects were becoming scarce and the number of projects was also trending downward because of the slowdown in ultra-supercritical thermal power plant construction plans and other factors.」
It was reconfirmed that the slowdown in ultra-supercritical thermal power plant construction plans had made large-scale projects scarce and caused project volume to trend downward. - FY2017-Q2First statedAnnual report
「However, as some nuclear power plants considered likely to restart had already resumed operations or were approaching restart, and large-scale projects were becoming scarce while the number of projects was also trending downward because of the slowdown in ultra-supercritical thermal power plant construction plans and other factors, net sales for the six months ended the second quarter of the current consolidated fiscal year amounted to ¥3,846 million, down 3.7% year on year.」
The decline in large-scale projects and the downward trend in project volume resulting from the slowdown in ultra-supercritical thermal power plant construction plans were cited as factors behind the quarterly decline in sales.