Dependence on Sales to Electric Utilities and the Impact of Restrained Capital Investment
First written in FY2017. 14 of 29 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2017: 2 of 11 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Chubu Electric Power Grid, Inc. 3,234,846 10.5」
Sales to Chubu Electric Power Grid, Inc., a major customer, accounted for 10.5% of total sales, down from 11.0% in the previous fiscal year. - 2026-05-08RestatedEarnings
「Demand for distribution automation remote terminal units for electric power companies increased, including due to the continued movement at some electric power companies toward renewals with next-generation models and strengthening distribution facilities, resulting in higher sales.」
一部電力会社における次世代型更新・配電設備強化の動きと売上増が継続した。 - FY2025MitigatedAnnual report
「Chubu Electric Power Grid, Inc. 3,052,657 11.0」
Sales to Chubu Electric Power Grid, Inc., a major customer, accounted for 11.0% of total sales, down from 12.7% in the previous fiscal year. - FY2025-H1RestatedAnnual report
「Meanwhile, sales of distribution automation remote terminal units for electric utilities increased as replacement with next-generation models and efforts to strengthen distribution equipment continued at certain electric utilities. Sales of automatic distribution switches for electric utilities increased due to expanding replacement demand for next-generation models and progress in installation work for distribution equipment.」
Among products for electric utilities, demand related to replacement with next-generation models and the strengthening of distribution equipment continued for both distribution automation remote terminal units and automatic distribution switches, resulting in higher sales. - FY2024-Q3RestatedAnnual report
「For distribution automation remote terminal units for electric utilities, replacement of existing units with next-generation models and efforts to strengthen distribution equipment continued at certain electric utilities, but sales declined because delays in the arrival of components had a slight impact on production. Sales of automatic distribution switches for electric utilities increased due to expanding replacement demand for next-generation models and progress in installation work for distribution equipment.」
Among products for electric utilities, divergent trends by product continue, with sales of distribution automation remote terminal units declining due to delays in component arrivals, while sales of automatic distribution switches increase on replacement demand for next-generation models and progress in installation work. - FY2024-Q2RestatedAnnual report
「Sales of distribution automation remote terminal units for electric utilities declined because delays in the arrival of components for certain products affected production. Sales of automatic distribution switches for electric utilities increased due to expanding replacement demand for next-generation models and progress in installation work for distribution equipment.」
Among products for electric utilities, sales of distribution automation remote terminal units declined due to delays in component arrivals, while sales of automatic distribution switches increased on replacement demand for next-generation models and progress in installation work, with divergent trends by product continuing. - FY2024-Q1Demand for products for electric utilities diverged by product.Annual report
「Sales of distribution automation remote terminal units for electric utilities declined because delays in the arrival of components for certain products affected production. Sales of automatic distribution switches for electric utilities increased due to expanding replacement demand for next-generation models and progress in installation work for distribution equipment.」
For electric utilities, sales of distribution automation remote terminal units declined due to delays in component arrivals, while sales of automatic distribution switches increased on replacement demand for next-generation models and progress in installation work. - FY2023ReframedAnnual report
「Meanwhile, in our Group's principal markets, it is necessary to monitor trends in capital investment by electric utilities against the backdrop of the Revenue Cap System introduced in April 2023.」
The description of the risk of dependence on capital investment by electric utilities changed from the previous restraint on capital investment to monitoring trends against the backdrop of the Revenue Cap System introduced in April 2023. - FY2023-Q3RestatedAnnual report
「Demand for distribution automation remote terminal units for electric power companies increased, including due to growing demand to renew them with next-generation models, resulting in higher sales. Demand for automatic distribution switches for electric power companies also increased, including due to growing demand to renew them with next-generation models, resulting in higher sales.」
Among products for electric utilities, higher sales driven by expanding replacement demand for next-generation models of both distribution automation remote terminal units and automatic distribution switches have continued. - FY2023-Q2MitigatedAnnual report
「Demand for distribution automation remote terminal units for electric power companies increased, including due to growing demand to renew them with next-generation models, resulting in higher sales. Demand for automatic distribution switches for electric power companies also increased, including due to growing demand to renew them with next-generation models, resulting in higher sales.」
For products for electric utilities, where demand had diverged by product through the previous fiscal year, replacement demand for next-generation models expanded for both distribution automation remote terminal units and automatic distribution switches during the current quarter, resulting in higher sales. - FY2022ReframedAnnual report
「The industrial distribution equipment business accounts for a high proportion of both our Group's sales and profit.」
The description of risk was refined from dependence on sales to electric utilities to dependence on a specific segment, the industrial distribution equipment business. - FY2022-Q3RestatedAnnual report
「Demand for distribution automation remote terminal units for electric power companies increased, including due to growing demand to renew them with next-generation models, resulting in higher sales. Demand for automatic distribution switches for electric power companies declined from the previous year, resulting in lower sales.」
Among products for electric utilities, replacement demand for distribution automation remote terminal units is expanding, while demand for automatic distribution switches is declining, with divergent trends by product continuing. - FY2022-Q2Demand from electric power companies diverged by productAnnual report
「Demand for distribution automation remote terminal units for electric power companies increased, including due to growing demand to renew them with next-generation models, resulting in higher sales. Demand for automatic distribution switches for electric power companies declined from the previous year, resulting in lower sales.」
Among products for electric utilities, replacement demand for distribution automation remote terminal units expanded, while demand for automatic distribution switches declined, resulting in divergent trends by product. - FY2022-Q1Demand from electric power companies diverged by productAnnual report
「Sales of remote terminal units for distribution automation for electric power companies increased due to growing demand for upgrades to next-generation models and other factors. Sales of automatic distribution switches for electric power companies declined as demand decreased compared with the same period of the previous year.」
Among products for electric utilities, sales of distribution automation remote terminal units increased on expanding replacement demand, while demand and sales for automatic distribution switches declined, resulting in divergent trends by product. - FY2021-Q3MitigatedAnnual report
「As a result, strong demand for products for electric power companies, together with large-scale projects involving switchboards and system equipment, resulted in net sales of ¥16,342 million for the third quarter cumulative consolidated period, up 0.7% year on year.」
Demand for products supplied to electric power companies remained strong, and cumulative sales increased 0.7% year on year even amid continued capital investment restraint risks. - FY2021-Q2RestatedAnnual report
「As a result, although demand for products supplied to electric power companies remained strong, overseas demand declined and construction activity stagnated due to the impact of COVID-19. Consequently, consolidated net sales for the six-month cumulative period of the current fiscal year were ¥10,385 million, down 4.9% from the same period of the previous year.」
While demand for products supplied to electric power companies remained strong, overseas demand declined and construction activity stagnated, resulting in total sales down 4.9% year on year. - FY2021-Q1Demand recovery coexisted with the impact of COVID-19Annual report
「As a result, in addition to increased sales of remote terminal units for distribution automation and automatic distribution switches for electric power companies, operating profit was ¥349 million, up 30.3% year on year, following efforts to reduce costs and expenses across the Group. Ordinary profit was ¥381 million, up 33.6%, partly due to a decline in foreign exchange losses.」
While the company reported increased sales of its main products for electric power companies, its overall explanation for the same quarter also cited construction delays and changes to delivery schedules due to COVID-19, indicating that recovery in demand from electric power companies coexisted with the impact of the pandemic. - FY2020ReframedAnnual report
「Meanwhile, in our major markets, electric power companies are expected to continue restraining capital investment against the backdrop of the separation of power generation and transmission implemented in April this year. In addition, the spread of COVID-19 is expected to make a broad range of industries more cautious about capital investment.」
In addition to capital investment restraint by electric power companies, the company indicated that a broad range of industries had become more cautious about capital investment due to the spread of COVID-19, expanding the scope of the risk. - FY2020-Q3RestatedAnnual report
「Against this backdrop, amid the continuing tendency for the electric power industry, which was due to implement the separation of power generation and transmission in 2020, to restrain capital investment as it pursued greater operating efficiency and cost reductions, demand at some electric power companies increased for remote terminal units for distribution automation and automatic distribution switches.」
While the electric power industry as a whole continued to restrain capital investment in line with operating efficiency improvements and cost reductions, the company stated that demand for its main products increased at some electric power companies. - FY2020-Q2Increased demand for some products amid capital investment restraintAnnual report
「Against this backdrop, amid the continuing tendency for the electric power industry, which was due to implement the separation of power generation and transmission in 2020, to restrain capital investment as it pursued greater operating efficiency and cost reductions, demand at some electric power companies increased for remote terminal units for distribution automation and automatic distribution switches.」
While the electric power industry as a whole continued to restrain capital investment, the company stated that demand for remote terminal units for distribution automation and automatic distribution switches increased at some electric power companies. - FY2019RestatedAnnual report
「If electric power companies restrain capital investment beyond the Group’s expectations, this could affect business performance.」
The company continues to disclose the risk that dependence on sales to electric power companies and capital investment restraint beyond expectations could affect business performance. - FY2019-Q3RestatedAnnual report
「Sales of remote terminal units for distribution automation for electric power companies declined as progress toward building next-generation power distribution networks showed signs of stagnation. Sales of automatic distribution switches for electric power companies also declined as progress toward building next-generation power distribution networks showed signs of stagnation.」
Sales of the main products supplied to electric power companies continued to decline amid stagnation in the development of next-generation power distribution networks. - FY2019-Q2RestatedAnnual report
「Sales of remote terminal units for distribution automation for electric power companies declined as progress toward building next-generation power distribution networks showed signs of stagnation. Sales of automatic distribution switches for electric power companies also declined as progress toward building next-generation power distribution networks showed signs of stagnation.」
Sales of the main products supplied to electric power companies continued to decline amid stagnation in the development of next-generation power distribution networks. - FY2019-Q1RestatedAnnual report
「Although demand related to new energy continued, net sales for the first quarter cumulative consolidated period were ¥5,094 million, down 9.3% year on year, due in part to the continuing trend toward restrained capital investment accompanying efforts to improve operating efficiency in the electric power industry.」
The continuing tendency for the electric power industry to restrain capital investment as it improves operating efficiency was a factor behind the decline in total sales. - FY2018WorsenedAnnual report
「Sales of automatic distribution switches for electric power companies remained sluggish due to the impact of capital investment restraint by some electric power companies. As a result, total sales of automatic distribution switches for distribution networks were ¥9,923 million, down 14.4% year on year.」
Capital investment restraint by some electric power companies was reflected in sluggish full-year sales, with total sales of automatic distribution switches for distribution networks down 14.4% year on year. - FY2018-Q3RestatedAnnual report
「Sales of automatic distribution switches for electric power companies declined as a result of capital investment restraint by some electric power companies.」
Capital investment restraint by some electric power companies continued to weigh on sales of automatic distribution switches for electric power companies. - FY2018-Q2RestatedAnnual report
「Sales of automatic distribution switches for electric power companies declined as a result of capital investment restraint by some electric power companies.」
Capital investment restraint by some electric power companies continued to weigh on sales of the main products supplied to electric power companies. - FY2018-Q1MaterialisedAnnual report
「Meanwhile, sales of remote terminal units for distribution automation for electric power companies declined as progress toward building next-generation power distribution networks showed signs of stagnation. Sales of automatic distribution switches for electric power companies also declined as progress toward building next-generation power distribution networks slowed.」
The company actually stated that sales of its key products for electric power companies declined as progress toward building next-generation power distribution networks stagnated or slowed. - FY2017First statedAnnual report
「Sales by the Group to electric power companies nationwide account for a high proportion of total sales. This is because the Group has a long history and strong technological capabilities as a specialised manufacturer of automatic distribution switches and distribution systems. If electric power companies restrain capital investment beyond the Group’s expectations, this could affect business performance.」
The company stated that sales to electric power companies nationwide account for a high proportion of total sales and that capital investment restraint by electric power companies beyond expectations could affect business performance.