Fluctuations in power and gas procurement prices
First written in FY2020. 8 of 19 entries say "Restated". Latest entry: FY2026-H1.
Earth Infinity moved to the "Worse" side of this theme in 2021.
0 other companies' latest entry also says "Mitigated".
- FY2026-H1MitigatedAnnual report
「The company procures power through the Japan Electric Power Exchange. However, by introducing its own fuel cost and other adjustment charge, a mechanism that reflects electricity market procurement costs in electricity tariffs, it is addressing the risk of market price fluctuations. This reduces the impact on earnings during periods of price spikes, supporting stable business operations.」
The company explains that it addresses market price fluctuation risk through the fuel cost and other adjustment charge, reducing the impact on earnings during periods of price spikes. - FY2025RestatedAnnual report
「We have reduced the risk of fluctuations in procurement prices arising from purchases from JEPX by introducing a proprietary fuel-cost adjustment charge, a mechanism that reflects electricity market procurement costs in electricity bills. However, a time lag between changes in procurement prices and their reflection in electricity bills could temporarily worsen cash flows, potentially affecting our operating results and financial condition.」
The company continues to reduce procurement price fluctuation risk through the fuel cost and other adjustment charge, while retaining the residual risk arising from the time lag before costs are reflected in tariffs. - FY2025-H1RestatedAnnual report
「During the interim accounting period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of fluctuations in electricity and gas procurement prices. - FY2024RestatedAnnual report
「We have reduced the risk of fluctuations in procurement prices arising from purchases from JEPX by introducing a proprietary fuel-cost adjustment charge, a mechanism that reflects electricity market procurement costs in electricity bills. However, a time lag between changes in procurement prices and their reflection in electricity bills could temporarily worsen cash flows, potentially affecting our operating results and financial condition.」
The company continues to reduce procurement price fluctuation risk through the fuel cost and other adjustment charge, while retaining the residual risk arising from the time lag before costs are reflected in tariffs. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of fluctuations in electricity and gas procurement prices. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the risk of fluctuations in electricity and gas procurement prices. - FY2023MitigatedAnnual report
「The company has pursued stable earnings growth and initiatives toward a decarbonized society by introducing its own fuel cost and other adjustment charge, a mechanism that reflects electricity market procurement costs in electricity bills, and actively securing power supplies through bilateral transactions, while hedging the risk of price spikes on the Japan Electric Power Exchange through measures including the purchase of surplus renewable power from post-FIT facilities and the sale of storage batteries and solar panels.」
The company continues to hedge the risk of higher electricity procurement prices by combining the fuel cost and other adjustment charge with power supply procurement through bilateral transactions. - FY2023-Q3RestatedAnnual report
「By introducing our proprietary fuel-cost adjustment charge, a mechanism that reflects electricity market procurement costs in electricity bills, and securing power sources through active bilateral transactions, we have sought to hedge the risk of soaring prices on the Japan Electric Power Exchange. We have also worked toward stable growth in operating results and a decarbonized society by promoting purchases of surplus electricity from post-FIT facilities and sales of storage batteries and solar panels.」
The company continues to hedge the risk of higher electricity procurement prices through the fuel cost and other adjustment charge and by securing power supplies through bilateral transactions. - FY2023-Q2RestatedAnnual report
「In response to the continuing rise in electricity procurement prices since the year before last, we have sought to hedge the risk of soaring prices on the Japan Electric Power Exchange by introducing our proprietary fuel-cost adjustment charge, a mechanism that reflects electricity market procurement costs in electricity bills.」
The company continues to hedge the risk through its own fuel cost and other adjustment charge amid continued increases in electricity procurement prices. - FY2023-Q1RestatedAnnual report
「In response to the continuing rise in electricity procurement prices since last year, we have sought to hedge the risk of soaring prices on the Japan Electric Power Exchange by introducing our proprietary fuel-cost adjustment charge, a mechanism that reflects electricity market procurement costs in electricity bills.」
The company continues to hedge the risk through its own fuel cost and other adjustment charge amid continued increases in electricity procurement prices. - FY2022Introduction of hedging measures and disclosure of time-lag riskAnnual report
「We have reduced the risk of fluctuations in procurement prices arising from purchases from JEPX by introducing a proprietary fuel-cost adjustment charge, a mechanism that reflects electricity market procurement costs in electricity bills. However, a time lag between changes in procurement prices and their reflection in electricity bills could temporarily worsen cash flows, potentially affecting our operating results and financial condition.」
While describing the reduction of procurement price fluctuation risk through the fuel cost and other adjustment charge, the company newly identifies the risk of a short-term deterioration in cash flow caused by the time lag before costs are reflected in tariffs. - FY2022-Q3Hedging measures for procurement price riskAnnual report
「By introducing our proprietary fuel-cost adjustment charge, which reflects electricity market procurement costs in electricity bills, we are hedging the risk of price spikes on the Japan Electric Power Exchange, while promoting the purchase of post-FIT electricity and sales of storage batteries and solar panels as part of our efforts to achieve stable earnings growth and a decarbonized society.」
The company states that it will introduce its own fuel cost and other adjustment charge, which reflects electricity market procurement costs in electricity bills, to hedge the risk of price spikes on the Japan Electric Power Exchange (JEPX). - FY2022-Q2MaterialisedAnnual report
「Although the rise in procurement prices from the Japan Electric Power Exchange affected cost of sales during the cumulative period of the current second quarter, we increased the proportion of procurement through bilateral transactions and stabilized electricity procurement unit prices, which reduced our profit margin.」
Higher procurement prices from JEPX affected cost of sales, and the measures taken to stabilize procurement unit prices resulted in a decline in the profit margin. - FY2022-Q1MaterialisedAnnual report
「During the cumulative period of the current first quarter, we increased the proportion of procurement through bilateral transactions in preparation for soaring prices on the Japan Electric Power Exchange and stabilized electricity procurement prices, which consequently reduced our profit margin.」
The company states that it needed to take procurement measures in preparation for soaring prices on JEPX, and that while it stabilized procurement prices, its profit margin declined. - FY2021MaterialisedAnnual report
「Meanwhile, soaring trading prices on JEPX from mid-December 2020 to late January 2021 caused power purchase procurement prices to rise, and shortage imbalance charges for January 2021 to surge beyond expectations, affecting the performance of the Energy business.」
The company states that soaring JEPX trading prices, higher power purchase procurement prices, and soaring shortage imbalance charges actually affected the Energy business's full-year performance. - FY2021-Q3MaterialisedAnnual report
「In addition, the surge in procurement prices from the Japan Electric Power Exchange between mid-December 2020 and late January 2021 caused electricity purchasing and procurement prices to rise. The resulting-than-expected surge in imbalance charges for January 2021 also affected the energy business.」
The company states that soaring procurement prices from JEPX and the resulting surge in shortage imbalance charges actually affected the Energy business. - FY2021-Q2MaterialisedAnnual report
「Although the rise in procurement prices from the Japan Electric Power Exchange caused by concerns over tight electricity supply and demand from mid-December affected cost of sales for the second quarter, we have taken measures such as increasing the proportion of bilateral transactions.」
The company states that higher JEPX procurement prices resulting from concerns over tight power supply and demand actually affected cost of sales. - FY2021-Q1MitigatedAnnual report
「In addition, we have been able to contain procurement prices because of factors including the decline in market procurement unit prices accompanying an overall decrease in electricity demand, and operating results have remained solid.」
The company states that it was able to contain procurement prices during the quarter because of lower market procurement unit prices and other factors, reducing the impact of the risk of higher procurement prices. - FY2020First statedAnnual report
「If transaction prices on JEPX rise because of higher fuel prices or other factors, this may affect our results of operations and financial position.」
The company identifies fluctuations in JEPX prices caused by fuel prices, demand, power plant operating conditions, and other factors, as well as higher procurement prices from gas companies, as risks.