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How definitive the wording is.Contents of this document
Summary of Q&A1 item taken from the company’s own explanation
What the company explained in this material
Key points of the Q&AKey questions raised by investors at the briefing and the company's answers
- Issues Impact of the situation in the Middle East / Questions The impact on PORT's operations and profitability of power companies suspending the acceptance of new high-voltage and extra-high-voltage contracts due to the situation in the Middle East / Answer The company focuses primarily on low-voltage services, and demand for acquiring new low-voltage customers has not changed, so the impact on business performance is currently limited. A prolonged surge in resource prices could have an impact, but power retailers are currently introducing plans linked to market prices and other measures, so the company does not anticipate a sharp impact like that seen in 2022.
- Issues Rising energy prices and contracted unit prices / Questions Whether rising energy prices will lead to higher contracted unit prices received and have a positive impact on business performance / Answer Under one-off contracts, rising resource prices do not directly increase the contracted unit price. However, demand for acquiring new customers remains solid, and the company's growing presence has also supported contracted unit prices. Under stock-based contracts, fees are recognized based on electricity rates and usage, so stock-based revenue increases when electricity rates rise.
| Item | Details |
|---|---|
| Document type | Summary of Q&A |
| Key points of the Q&A | Issues Impact of the situation in the Middle East / Questions The impact on PORT's operations and profitability of power companies suspending the acceptance of new high-voltage and extra-high-voltage contracts due to the situation in the Middle East / Answer The company focuses primarily on low-voltage services, and demand for acquiring new low-voltage customers has not changed, so the impact on business performance is currently limited. A prolonged surge in resource prices could have an impact, but power retailers are currently introducing plans linked to market prices and other measures, so the company does not anticipate a sharp impact like that seen in 2022., Issues Rising energy prices and contracted unit prices / Questions Whether rising energy prices will lead to higher contracted unit prices received and have a positive impact on business performance / Answer Under one-off contracts, rising resource prices do not directly increase the contracted unit price. However, demand for acquiring new customers remains solid, and the company's growing presence has also supported contracted unit prices. Under stock-based contracts, fees are recognized based on electricity rates and usage, so stock-based revenue increases when electricity rates rise. |
Items this document does not state (29)
Fiscal Period CoveredNet SalesOperating profitOrdinary incomeNet incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterFull-year earnings forecastProgress against full-year forecastSelf-assessment against the planSegment resultsBreakdown of Factors Affecting the ChangeKey KPIsUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareNew initiatives
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The energy business is focused primarily on low-voltage services for individuals and households, and demand from power retailers to acquire new low-voltage customers has not changed. The company therefore considers the impact on business performance to be limited at present. Under stock-based contracts, fees are recognized based on electricity rates and usage, so higher electricity rates resulting from rising resource prices increase stock-based revenue. By contrast, it explained that the contracted unit price under one-off contracts tends to track power and gas retailers' willingness to acquire new customers rather than resource prices.
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