Policy Change Risk for the Solar Power Generation Business
First written in FY2016. 8 of 22 entries say "Restated". Latest entry: FY2022-Q2.
Takashima & moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
The whole theme swung hardest in 2017: 5 of 7 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- FY2022-Q2WorsenedAnnual report
「The solar energy-related sector remained sluggish due to price increases and supply shortages for commercial solar panels, as well as semiconductor supply shortages.」
In addition to feed-in tariff reductions and the infectious disease, price increases and supply shortages for commercial solar panels and semiconductor supply shortages have emerged as factors behind weakness in the solar energy-related sector. - FY2022-Q1RestatedAnnual report
「The solar energy-related market has remained sluggish as feed-in tariff reductions have progressed, compounded by the impact of the infectious disease.」
The disclosure continues to describe weakness in the solar energy-related market due to feed-in tariff reductions and the impact of the infectious disease. - FY2021-Q3RestatedAnnual report
「The solar energy-related market has remained sluggish as feed-in tariff reductions have progressed, compounded by the impact of the infectious disease.」
The disclosure continues to describe weakness in the solar energy-related market due to feed-in tariff reductions and the impact of the infectious disease. - FY2021-Q2RestatedAnnual report
「The solar energy-related market has remained sluggish as feed-in tariff reductions have progressed, compounded by the impact of the infectious disease.」
The disclosure continues to describe weakness in the solar energy-related market due to feed-in tariff reductions and COVID-19. - FY2021-Q1WorsenedAnnual report
「The solar energy-related market has remained sluggish as feed-in tariff reductions have progressed, compounded by the impact of the infectious disease.」
In addition to the market's ongoing weakness due to feed-in tariff reductions, the impact of COVID-19 also weighed on conditions, and the solar energy-related market remained sluggish. Revenue in the building materials segment declined 7.8% year on year. - FY2020MitigatedAnnual report
「The company is addressing the issue by developing and implementing sales initiatives in response to policy changes.」
While identifying the impact of lower feed-in tariff prices and other factors on the solar power generation business as an ongoing risk, the company states that it will address the risk through sales initiatives responsive to policy changes. - FY2020-Q3MaterialisedAnnual report
「The solar energy-related market remained sluggish during the cumulative third-quarter period due to the impact of lower feed-in tariff prices and other factors. Sales in the solar energy-related field declined mainly in the residential market.」
The market slump caused by lower feed-in tariff prices and other factors continued and was reflected mainly in lower sales in the residential market. - FY2020-Q2MaterialisedAnnual report
「The solar energy-related market remained sluggish during the cumulative second-quarter period due to the impact of lower feed-in tariff prices and other factors. Although sales in the industrial field increased, sales in the residential field declined with the market downturn, resulting in an overall decline in the solar energy-related field.」
The market slump caused by lower feed-in tariff prices and other factors continued and was reflected in an actual decline in residential sales. The increase in industrial sales was insufficient to offset this, resulting in an overall decline in the solar energy-related field. - FY2020-Q1RestatedAnnual report
「Meanwhile, the solar energy-related market remained sluggish during the cumulative first-quarter period due to the impact of lower feed-in tariff prices and other factors.」
The company continues to report weakness in the solar energy-related market due to lower feed-in tariff prices and other factors. - FY2019MitigatedAnnual report
「In the solar energy-related field, domestic shipments of solar modules remained flat year on year, but the market remained sluggish during the fiscal year due to the impact of lower feed-in tariff prices and other factors. Meanwhile, as 10 years have nearly passed since the surplus solar power purchase program began in fiscal 2009, the battery storage market is expected to expand in anticipation of the end of purchase periods, an issue commonly known as the “2019 problem.” The company offset the factors reducing earnings, including lower selling prices resulting from reduced feed-in tariff prices in the solar energy-related field, by expanding sales of battery storage systems and other products, resulting in higher segment profit.」
The market slump and lower selling prices caused by reduced feed-in tariff prices continued, but the company offset the factors reducing earnings by expanding sales of battery storage systems. - FY2019-Q3MitigatedAnnual report
「The company offset the factors reducing earnings, including lower selling prices resulting from reduced feed-in tariff prices in the solar energy-related field, by expanding sales of battery storage systems and other products, resulting in higher segment profit.」
Although the impact of lower selling prices due to reduced feed-in tariff prices continued, the company offset the factors reducing earnings by expanding sales of battery storage systems and other products, resulting in higher segment profit. - FY2019-Q2MaterialisedAnnual report
「However, segment profit declined due to lower earnings caused by factors including lower selling prices resulting from reduced feed-in tariff prices in the solar energy-related field. As a result, sales in this segment were ¥24,357 million, up 0.1% year on year, while segment profit was ¥294 million, down 23.8%.」
The decline in selling prices resulting from lower feed-in tariff prices led to an actual decline in earnings, with building materials segment profit falling 23.8% year on year to ¥294 million. - FY2019-Q1RestatedAnnual report
「Meanwhile, the solar energy-related market remained sluggish during the cumulative first-quarter period due to the impact of lower feed-in tariff prices and other factors. The company is also concerned about the prolonged administrative review process for certification of business plans in fiscal 2018. At the same time, the battery storage market is expected to expand in anticipation of the end of the purchase periods for customers who began using the surplus solar power purchase program launched in fiscal 2009, an issue commonly known as the “2019 problem.”」
While continuing to cite the market slump caused by lower feed-in tariff prices and concerns over prolonged certification application reviews, the company also indicated that the battery storage market is expected to expand against the backdrop of the “2019 problem.” - FY2018RestatedAnnual report
「Policy changes, including reductions in the prices at which electric utilities purchase surplus electricity from residential customers and in feed-in tariff prices for industrial customers, as well as delays in electric utilities’ acceptance of renewable energy applications and output curtailment regulations, may affect demand and adversely affect the performance and financial condition of the Group.」
The company continues to disclose policy and regulatory risks, including lower purchase prices, delays in accepting applications, and output curtailment regulations. The solar energy-related market remained sluggish throughout the fiscal year. - FY2018-Q3WorsenedAnnual report
「Meanwhile, although the prolonged administrative review process for certification of business plans associated with the amended FIT Act began to ease, the market remained sluggish throughout the cumulative third-quarter period, resulting in lower sales in both the residential and industrial fields.」
Although the prolonged certification review process began to ease, the market remained sluggish, and sales declined in both the residential and industrial fields, including industrial sales that had partly offset the decline through the previous quarter. - FY2018-Q2Review delays eased, but the market remained sluggishAnnual report
「Meanwhile, the prolonged administrative review process for certification of business plans following the enforcement of the amended FIT Act in April 2017 began to ease, but the solar energy-related market remained sluggish throughout the cumulative second-quarter period.」
While the prolonged administrative certification review process associated with the amended FIT Act began to ease, the solar energy-related market remained sluggish throughout the cumulative second-quarter period, and residential sales continued to decline. - FY2018-Q1MaterialisedAnnual report
「The solar energy-related market remained sluggish during the cumulative first quarter of the fiscal year because the administrative review process for applications for certification of business plans became prolonged following the enforcement of the amended FIT Act in April 2017.」
The company states that the prolonged administrative review process for certification applications following amendments to the feed-in tariff system actually occurred as market weakness during the quarter and led to lower sales in the residential solar energy-related field. - FY2017WorsenedAnnual report
「In the solar energy-related field, sales declined due to the continued market slump caused by lower feed-in tariff prices and other factors, in addition to the decline in sales from a subsidiary sold in the previous fiscal year. Sales fell significantly in both the residential and industrial fields, resulting in a decline of more than ¥6 billion from the previous fiscal year.」
The market slump caused by lower feed-in tariff prices and other factors continued, resulting in a year-on-year sales decline of more than ¥6 billion in the solar energy-related field. - FY2017-Q3RestatedAnnual report
「The market for solar energy-related products remained sluggish due to lower feed-in tariff prices and other factors, and sales declined significantly in both the residential and industrial fields. Demand in the solar energy-related field is expected to remain weak going forward.」
The company reiterated the weakness in the solar energy-related field caused by lower feed-in tariff prices and other factors, as well as its outlook for continued weak demand. - FY2017-Q2RestatedAnnual report
「The market for solar energy-related products remained sluggish due to lower feed-in tariff prices and other factors, and sales declined significantly in both the residential and industrial fields. We expect demand in the solar energy-related field to remain weak going forward.」
The company reiterated the weakness in the residential and industrial solar energy-related fields caused by lower feed-in tariff prices and other factors, as well as its outlook for continued weak demand. - FY2017-Q1WorsenedAnnual report
「The market for solar energy-related products remained sluggish, and sales declined significantly. In addition to continued lower demand in the residential solar energy-related field, demand in the industrial solar energy-related field also fell sharply due to factors including lower feed-in tariff prices. As a result, sales in this field were approximately 60% of the level in the same quarter of the previous year.」
Demand in the solar energy-related field remained weak, and industrial demand also declined due to lower feed-in tariff prices and other factors, bringing sales down to approximately 60% of the previous year’s level. - FY2016MaterialisedAnnual report
「From the fiscal year ended March 2015, sales in the solar energy field began to decline due to policy changes and other factors, preventing the company from achieving its sales target.」
The risk of policy changes, including changes to feed-in tariff prices, was reflected in an actual decline in sales in the solar energy field.