Declining demand due to lower solar power feed-in tariffs and purchase prices
First written in FY2017-Q1. 7 of 18 entries say "Restated". Latest entry: FY2026.
Sanyo Denki moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
The whole theme swung hardest in 2025: 5 of 14 companies on the "Worse" side.
2 other companies' latest entry also says "Other".
- FY2026Weak demand related to solar power generation continuesAnnual report
「Meanwhile, demand related to solar power generation was weak.」
While sluggish demand related to solar power generation continued, some demand for information and communications, social infrastructure and renewable energy remained stable. - FY2022-Q1RestatedAnnual report
「Meanwhile, demand for renewable energy equipment was weak.」
The company stated that demand for renewable energy equipment remained weak. - FY2021-Q2WorsenedAnnual report
「However, demand for the solar power generation business, which had been strong through the previous fiscal year, declined sharply.」
Demand for the solar power generation business was described as having "declined sharply," strengthening the wording from the previous descriptions of stagnation and decline. - FY2021-Q1WorsenedAnnual report
「The power system product "SANUPS" saw weak demand for social infrastructure, industrial facilities and information and communications applications due to the spread of COVID-19. In addition, customer project delays contributed to a significant decline in orders.」
In addition to the solar power generation market, demand for social infrastructure, industrial facilities and information and communications applications was weak due to the impact of COVID-19 and project delays, resulting in a significant decline in orders. - FY2020Solid public facilities demand; self-consumption investment postponedAnnual report
「The power system product "SANUPS" saw solid demand for public facilities, mainly for disaster preparedness applications. Renewable energy applications were weak due to the postponement of investment in self-consumption applications, among other factors.」
While demand for public facilities was solid, renewable energy applications were weak due to the postponement of self-consumption investment, among other factors. - FY2020-Q3Strong demand for self-consumption and energy storage equipment, but weak overall conditionsAnnual report
「In the renewable energy market, demand for self-consumption and energy storage equipment was strong, but conditions were weak overall.」
In the renewable energy market, demand for self-consumption and energy storage equipment was strong, while the market as a whole was described as weak. - FY2020-Q2RestatedAnnual report
「The power system product "SANUPS" saw sluggish demand for communications equipment and solar power generation applications.」
The continued sluggish demand for communications equipment and solar power generation applications was reconfirmed. Meanwhile, demand for public facilities, including disaster prevention and blackout countermeasures, increased. - FY2020-Q1RestatedAnnual report
「The power system product "SANUPS" saw sluggish demand related to solar power generation and for communications equipment. Meanwhile, demand for public facilities, including disaster prevention facilities, increased. Demand for factory and hospital facilities also remained solid.」
While sluggish demand related to solar power generation continued, the company reported increased demand for public facilities and solid demand for factory and hospital facilities. - FY2019-Q3RestatedAnnual report
「The power system product "SANUPS" saw solid demand for factory and hospital facilities, but demand was sluggish due to weakness in the solar power generation and information and communications markets. Revenue was ¥5,374 million, down 2.7% year on year, orders were ¥5,572 million, down 5.1%, and the order backlog was ¥2,013 million, down 20.5%.」
Continued sluggish demand for power conditioners due to weakness in the solar power generation market was reconfirmed in lower revenue, orders and order backlog for the power systems business. - FY2019-Q2RestatedAnnual report
「The power system product "SANUPS" saw sluggish demand due to stagnation in the solar power generation market and weakness in the information and communications market. Meanwhile, demand for factory and public facilities remained solid.」
While demand remained sluggish due to stagnation in the solar power generation market and weakness in the information and communications market, demand for factory and public facilities was described as solid. - FY2019-Q1Weakness in the solar power generation and information and communications markets, with solid factory automation demandAnnual report
「The power system product "SANUPS" saw sluggish demand due to weakness in the solar power generation and information and communications markets. Meanwhile, demand for factory automation equipment, including semiconductor manufacturing equipment, remained solid.」
While weakness in the solar power generation market continued and weakness in the information and communications market was also noted, demand for factory automation equipment, including semiconductor manufacturing equipment, was described as solid. - FY2018-Q3RestatedAnnual report
「The power system product "SANUPS" saw sluggish demand for power conditioners due to stagnation in the solar power generation market. As a result, revenue was ¥5,521 million, down 11.7% year on year, orders were ¥5,872 million, down 16.5%, and the order backlog was ¥2,532 million, down 16.8%.」
The continued stagnation in the solar power generation market and sluggish demand for power conditioners were reconfirmed in lower revenue, orders and order backlog. - FY2018-Q2RestatedAnnual report
「Demand for power conditioners remained weak as the market for the feed-in tariff scheme for solar power generation contracted.” “Sales revenue was ¥3,318 million, down 14.4% year on year, orders were ¥3,883 million, down 15.8%, and the order backlog was ¥2,747 million, down 8.4%.」
The contraction of the feed-in tariff market and weak demand for power conditioners continued, reconfirmed by declines in sales, orders and the order backlog in the power systems business. - FY2018-Q1WorsenedAnnual report
「Demand for power conditioners remained weak as the market for the feed-in tariff scheme for solar power generation contracted.” “As a result, sales revenue was ¥1,524 million, down 9.4% year on year, orders were ¥1,751 million, down 20.7%, and the order backlog was ¥2,408 million, down 13.6%.」
The description changed from market stagnation to market contraction, and declines in sales, orders and the order backlog in the power systems business continued in the first quarter. - FY2017MaterialisedAnnual report
「Demand for power conditioners remained weak as the market for the feed-in tariff scheme for solar power generation continued to stagnate.” “Sales revenue was ¥9,287 million, down 17.1% year on year, orders were ¥9,208 million, down 17.6%, and the order backlog was ¥2,181 million, down 3.5%.」
Continued weak demand resulting from stagnation in the feed-in tariff market was reflected in full-year results as declines in sales, orders and the order backlog in the power systems business. - FY2017-Q3WorsenedAnnual report
「As a result, sales were ¥6,250 million, down 18.6% year on year, orders were ¥7,032 million, down 22.4%, and the order backlog was ¥3,043 million, down 17.1%.」
The feed-in tariff market continued to stagnate, and sales, orders and the order backlog for power conditioners were below the same period of the previous year. - FY2017-Q2WorsenedAnnual report
「Demand for power conditioners declined because the market stagnated as a result of the feed-in tariff scheme for solar power generation.” “As a result, sales were ¥3,875 million, down 16.1% year on year, orders were ¥4,615 million, down 24.5%, and the order backlog was ¥2,999 million, down 20.7%.」
The market stagnation caused by the feed-in tariff scheme continued, and sales, orders and the order backlog in the power systems business were below the same period of the previous year. - FY2017-Q1First statedAnnual report
「Demand for power conditioners declined because the market stagnated as a result of the feed-in tariff scheme for solar power generation.” “Both orders and sales declined because of the impact of lower purchase prices for solar power generation.」
Across multiple businesses, including the power systems, electrical equipment sales and electrical installation businesses, the disclosure describes the relationship between the feed-in tariff scheme and lower purchase prices for solar power generation and declines in demand, orders and sales.