Reduction in subsidies for EV/PHEV charging stations
First written in FY2017-Q2. 2 of 6 entries say "Materialised", first in FY2017-Q2. Latest entry: FY2024-Q2.
2 other companies' latest entry also says "Mitigated".
- FY2024-Q2MitigatedAnnual report
「As sales of EV charging stations increased due to a rise in projects supported by the national government's subsidy policy, revenue was ¥6,218 million, up 9.0% from the same quarter of the previous year.」
Regarding the subsidy environment that had previously been a factor in declining sales, the company states that the national government's subsidy policy supported an increase in EV charging station projects this time. - FY2020MaterialisedAnnual report
「The EV business was positioned as a key pillar of new business in the medium-term management plan, but the development of electric vehicle charging infrastructure has lagged behind initial expectations, resulting in a significant gap between forecasts and actual results.」
The delay in developing EV charging infrastructure and the gap between plans and actual results have been explicitly identified as actual business challenges in a form different from the previous reduction in subsidies. - FY2019DroppedAnnual report
「In the charging infrastructure business, the Company will deepen collaboration with Group companies and business partners to promote a broad range of services, including maintenance, servicing, and billing, in addition to manufacturing and selling hardware.」
In the risks related to the business and other matters in this filing, the decline in EV and PHEV charging station sales due to reduced government subsidies is not explicitly identified. The charging infrastructure business itself, however, is described as a strategic initiative. - FY2017RestatedAnnual report
「As sales of EV and PHEV charging stations declined following the reduction in government subsidies, revenue was ¥4,931 million, down 23.0% from the previous fiscal year.」
The company continues to report an annual decline in sales related to EV and PHEV charging stations due to reduced government subsidies. - FY2017-Q3RestatedAnnual report
「In the construction and services business, sales related to the sale and installation of EV and PHEV charging stations declined as government subsidies were reduced. However, sales of disaster-prevention equipment installation work increased significantly. As a result, revenue rose 11.1% year on year to ¥1,947 million, and segment profit (operating profit) increased 263.2% to ¥118 million.」
A decline in sales related to EV and PHEV charging stations due to reduced government subsidies continues to be reported, but no new stage of deterioration has been indicated. - FY2017-Q2MaterialisedAnnual report
「As sales of EV and PHEV charging stations declined following the reduction in government subsidies, revenue was ¥2,340 million, down 12.2% from the same quarter of the previous year.」
The reduction in government subsidies actually resulted in lower sales of EV and PHEV charging stations, and revenue in the Parts and Other segment fell 12.2% from the same quarter of the previous year.