Headwinds for the Coal-Fired Power Generation Business from Decarbonization
First written in FY2019. 2 of 7 entries say "Reframed", first in FY2022. Latest entry: FY2026.
Seika moved to the "Worse" side of this theme in 2022, 3 years before the typical company in this theme (2025).
The whole theme swung hardest in 2025: 4 of 6 companies on the "Worse" side.
2 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「Energy policy risks; changes in the power generation mix based on the Basic Energy Plan; the presentation of energy policies that would be disadvantageous to us; and customers’ decisions and actions to voluntarily transition their energy sources」
The previous framework focused on decarbonization and headwinds for coal-fired power generation was broadened to cover energy policy risks, including the Seventh Basic Energy Plan, changes in the power generation mix and customers’ voluntary energy transition. - FY2025WorsenedAnnual report
「• Greenhouse gas emissions regulations for thermal power generation, which accounts for a large share of electricity supply, are being tightened in stages. • Delays in responding to these regulations in a timely and appropriate manner could have a material impact on the profitability of the thermal power business.」
The decarbonization and energy policy risks were specified as the phased tightening of greenhouse gas emissions regulations for thermal power generation and the impact on profitability from delays in responding. - FY2023WorsenedAnnual report
「Various factors, including the global shift toward decarbonization, Russia’s war and other natural disasters in Australia, have combined to drive major changes in energy policy, and the direction of those changes has yet to be determined.」
The previous focus on headwinds for coal-fired power generation was broadened to cover decarbonization, the Russia-Ukraine situation, uncertainty in energy policy due to natural disasters in Australia, and the risk of reviewing business strategies. - FY2022ReframedAnnual report
「However, if we fail to accurately identify customer needs and technological trends relating to decarbonization through steady information gathering and analysis and prompt action based on them, we may be unable to translate them into our group’s business as planned, which could have a material impact on business performance.」
The previous focus on headwinds for coal-fired power generation was reorganized around the risk of lost business opportunities from failing to identify customer needs and technological trends relating to decarbonization. - FY2020DroppedAnnual report
「During the consolidated fiscal year, the Japanese economy was on a gradual recovery trend, supported by improvements in corporate earnings and the employment environment, despite the effects of a series of natural disasters and the consumption tax rate increase.」
The headwinds for coal-fired power generation from the shift toward decarbonization were removed from the separate disclosure of the business environment and major risks for the fiscal year. - FY2020-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no changes or newly arising matters concerning the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
It is stated that there have been no changes or newly arising matters concerning the headwinds for coal-fired power generation from the shift toward decarbonization. - FY2019First statedAnnual report
「Although the power industry faces headwinds for coal-fired power generation from the global shift toward decarbonization, demand in the chemical industry remains firm, particularly for electronic and battery materials used in electric vehicles and smartphones. In the general industrial sector, capital investment is on an upward trend, supported by facility renewals and labor-saving investment in response to labor shortages.」
The global shift toward decarbonization and the resulting headwinds for coal-fired power generation in the power industry were disclosed as business-environment risks.