Smart Meter Demand Enters Full-Scale Adoption Phase
First written in FY2016. 14 of 28 entries say "Restated". Latest entry: FY2026.
0 other companies' latest entry also says "Other".
- FY2026Launch of second-generation adoption and capture of final demand for current-generation modelsAnnual report
「Revenue increased from the previous fiscal year because, in the smart meter business, the company successfully captured final demand for first-generation smart meters ahead of the full-scale rollout of second-generation smart meters, while shipments of second-generation smart meters also began in earnest from the fourth quarter of fiscal 2025.」
With full-scale shipments of second-generation smart meters beginning in the fourth quarter of fiscal 2025 and the company also capturing final demand for first-generation products, the business moved from the previous demand trough into the initial rollout phase. - FY2026-H1Strengthening final demand for current-generation productsAnnual report
「Revenue increased year on year, mainly because final demand for current-generation smart meters remained firm ahead of the full-scale rollout of second-generation smart meters from fiscal 2025.」
With the full-scale rollout of second-generation smart meters approaching, firm final demand for conventional smart meters contributed to higher revenue in the domestic measurement and control business. - FY2025-H1RestatedAnnual report
「In the domestic measurement and control business, revenue declined slightly from the previous interim consolidated accounting period because demand for the smart meter business is in a trough until the rollout period for second-generation smart meters, although」
The market continues to view the smart meter business as being in a demand trough until the rollout period for second-generation smart meters, resulting in a slight decline. - FY2024-Q3Revenue growth in the domestic smart meter and switchboard businessesAnnual report
「In the domestic measurement and control business, revenue increased 3.7% year on year to ¥38,897 million, driven by higher revenue from the smart meter and switchboard businesses.」
Revenue in the domestic measurement and control business increased 3.7% year on year, driven by higher revenue from the smart meter and switchboard businesses. - FY2024-Q2Continued growth in the domestic smart meter businessAnnual report
「In the domestic measurement and control business, revenue increased 3.1% year on year to ¥25,022 million, owing to higher revenue from the smart meter business.」
Revenue from the domestic smart meter business continued to grow, driving a 3.1% year-on-year increase in revenue for the domestic measurement and control business as a whole. - FY2023-Q3Continued growth in domestic smart meter revenueAnnual report
「In the domestic measurement and control business, revenue increased 16.3% year on year to ¥37,517 million and operating profit increased 161.8% to ¥2,186 million, owing to higher revenue from the smart meter and solutions businesses.」
Revenue continued to grow in the domestic measurement and control business, including smart meters, increasing 16.3% year on year. - FY2023-Q2Increase in domestic smart meter revenueAnnual report
「In the domestic measurement and control business, revenue increased 13.4% year on year to ¥24,276 million, owing to higher revenue from the smart meter, solutions, and switchboard businesses.」
Revenue increased year on year in each of the smart meter, solutions, and switchboard businesses, and total revenue in the domestic measurement and control business increased 13.4%. - FY2023-Q1Slight decline in domestic smart meter revenueAnnual report
「In the domestic measurement and control business, smart meter revenue declined slightly year on year, but total revenue increased 11.6% to ¥11,842 million, owing to higher revenue from the solutions and switchboard businesses.」
While smart meter revenue declined slightly year on year, total revenue in the domestic measurement and control business increased owing to higher revenue from the solutions and switchboard businesses. - FY2022-Q3Decline in domestic smart meter revenueAnnual report
「In the domestic measurement and control business, revenue declined 4.6% year on year to ¥32,248 million, owing to lower smart meter revenue and a decline in revenue from smart locks for rental properties, which had been shipped in significant volume in the same period of the previous year.」
The company’s description changed from a slight increase in revenue to a decline in domestic smart meter revenue. - FY2022-Q2Slight increase in domestic smart meter revenueAnnual report
「In the domestic measurement and control business, smart meter revenue increased slightly year on year, but」
Smart meter revenue increased slightly year on year. - FY2020-Q3RestatedAnnual report
「In the measurement and control equipment business segment, revenue declined in Japan as demand to replace the main product, smart meters, passed its peak while the plan to complete smart meter installation for all households by fiscal 2024 was progressing, with lower prices also having an impact.」
The company continues to recognize the plan to complete installation for all households, the peak-out in replacement demand, and lower domestic revenue due to declining prices. - FY2020-Q2RestatedAnnual report
「In the measurement and control equipment business segment, revenue declined in Japan as demand to replace the Group’s main product, smart meters, passed its peak while the nationwide smart meter rollout was progressing toward completion by fiscal 2024, with lower prices also having an impact.」
The decline in revenue due to the peak-out in domestic smart meter replacement demand and lower prices continued through the cumulative second quarter, while the plan to complete the nationwide rollout was progressing. - FY2020-Q1Assessing the impact of peak demand and lower prices on performanceAnnual report
「In the measurement and control equipment business segment, revenue declined in Japan as demand to replace the Group’s main product, smart meters, passed its peak while the nationwide smart meter rollout was progressing toward completion by fiscal 2024, with lower prices also having an impact.」
The company indicates that, while the plan to complete the nationwide rollout was progressing, domestic demand to replace smart meters had passed its peak and lower prices also contributed to the decline in revenue. - FY2019WorsenedAnnual report
「In Japan, demand to switch from mechanical electricity meters to smart meters has peaked, and difficult market conditions are expected between the peak in replacement demand and replacement demand for smart meters from the fiscal year ending March 2025, 6 years later.」
The company’s market view shifted from full-scale adoption and high demand to expectations of a gap between the peak in replacement demand and the emergence of replacement demand. - FY2019-Q3RestatedAnnual report
「In Japan, demand for smart meters remains high, and inventory adjustments at some electric utilities since the second half of the previous fiscal year have come to an end. However, the decline in revenue in the first half was not recovered, and sales of switchboards and other products remained weak, resulting in lower revenue.」
The company explains that demand for smart meters remains high and that inventory adjustments since the second half of the previous fiscal year have come to an end. However, the decline in revenue in the first half could not be recovered, and switchboards and other products performed poorly. - FY2019-Q2RestatedAnnual report
「In Japan, demand for smart meters, the main product, remains high, but revenue declined because inventory adjustments at some electric utilities continued from the second half of the previous fiscal year and sales of switchboards and other products also decreased.」
The company indicates that demand for smart meters remains high, while recognizing that inventory adjustments at some electric utilities have continued from the second half of the previous fiscal year. - FY2019-Q1RestatedAnnual report
「In Japan, demand for smart meters remains high, but revenue declined because inventory adjustments at some electric utilities continued from the second half of the previous fiscal year.」
The company maintains its view that demand for smart meters remains high, while explaining that inventory adjustments at some electric utilities have continued from the second half of the previous fiscal year. - FY2018RestatedAnnual report
「Meanwhile, smart meters have entered a period of full-scale adoption, and demand remains at a high level, although some temporary fluctuations in demand, including inventory adjustments, have been observed.」
The company indicates that demand for smart meters remains at a high level while acknowledging temporary fluctuations in demand. - FY2018-Q3RestatedAnnual report
「Meanwhile, smart meters have entered a period of full-scale adoption, and demand remains at a high level, although some temporary declines in demand, including inventory adjustments, have been observed.」
The company indicates that demand for smart meters remains high, although temporary declines in demand due to inventory adjustments and other factors have been observed in some areas. - FY2018-Q2RestatedAnnual report
「Meanwhile, smart meters have entered a period of full-scale adoption, and demand remains at a high level, although some inventory adjustments and other developments have been observed.」
The company indicates that demand for smart meters remains high, although inventory adjustments have been observed in some areas. - FY2018-Q1RestatedAnnual report
「Meanwhile, smart meters have entered a period of full-scale adoption, and demand remains at a high level.」
The company indicates that smart meters are entering a period of full-scale adoption and that demand remains at a high level. - FY2017RestatedAnnual report
「Meanwhile, smart meters have entered a period of full-scale adoption, and demand is increasing significantly, particularly in the Tokyo region.」
The company continues to recognize full-scale adoption of smart meters and expanding demand as business opportunities, citing the Tokyo region as an area of demand. - FY2017-Q3RestatedAnnual report
「Meanwhile, smart meters have entered a period of full-scale adoption, and demand is increasing significantly, particularly in the Tokyo and Kyushu regions.」
The company continues to indicate full-scale adoption of smart meters and expanding demand, citing the Tokyo and Kyushu regions as areas of demand. - FY2017-Q2RestatedAnnual report
「Meanwhile, smart meters have entered a period of full-scale adoption, and demand is increasing significantly.」
The company continues to recognize the full-scale adoption of smart meters and expanding demand as market trends. - FY2017-Q1RestatedAnnual report
「Meanwhile, smart meters have entered a period of full-scale adoption, and demand is increasing significantly.」
The company continues to indicate that smart meters are entering full-scale adoption and that demand is expanding. - FY2016First statedAnnual report
「Smart meters have entered a period of full-scale adoption, and demand is increasing significantly.」
Against the backdrop of electricity-sector reform and retail liberalization in Japan, the company describes expanding demand in its core market as a structural business opportunity.