Generating stable revenue from utility-scale solar power
First written in FY2017-Q1. 12 of 34 entries say "Softened", first in FY2018. Latest entry: FY2026.
Japan Asia Investment moved to the "Worse" side of this theme in 2026, 2 years after the typical company in this theme (2024).
The whole theme swung hardest in 2024: 3 of 16 companies on the "Worse" side.
0 other companies' latest entry also says "Softened".
- FY2026SoftenedAnnual report
「Electricity sales revenue declined because megasolar projects in operation were sold during the previous consolidated fiscal year.」
Electricity sales revenue declined again in the current fiscal year due to the sale of projects in operation during the previous fiscal year. The expansion of stable revenue sources remains weak. - 2026-05-15SoftenedRevisions to earnings forecasts
「Power sales revenue declined because operating mega-solar projects were sold during the previous consolidated fiscal year.」
The sale of operating projects resulted in a decline in power sales revenue. - FY2026-H1SoftenedAnnual report
「In addition, revenue, primarily from electricity sales at megasolar projects and rental income from group homes for people with disabilities, declined because projects in operation were sold during the previous consolidated fiscal year.」
Revenue from operated projects, including electricity sales revenue from megasolar projects, declined due to the sale of projects in operation. The expansion of stable revenue sources weakened during the interim period. - FY2025AdvancedAnnual report
「In addition, electricity sales revenue increased from newly operational megasolar projects.」
Electricity sales revenue from newly operational megasolar projects increased, continuing the expansion of stable revenue from operating assets. - FY2025-H1AdvancedAnnual report
「Electricity sales revenue increased from newly operational megasolar projects.」
Electricity sales revenue increased due to newly operational megasolar projects, and the expansion of revenue from operated projects was reported. - FY2024-Q3AdvancedAnnual report
「Meanwhile, income from projects operated by the Group increased to ¥742 million, up 30.6% year on year, due to the commencement of operations at new megasolar projects and group homes for people with disabilities, as well as the expansion of existing projects.」
Income from operated projects increased 30.6% year on year due to the commencement of operations at new projects and the expansion of existing projects. - FY2024-Q2AdvancedAnnual report
「Meanwhile, income from projects operated by the Group totaled ¥510 million, up 34.5% year on year. It increased year on year as new projects commenced operations and existing projects expanded in scale.」
Income from operated projects increased to ¥510 million as new projects commenced operations and existing projects expanded in scale. - FY2024-Q1Increase in project incomeAnnual report
「The total of income from partnership interests, investment income and other income for the cumulative first quarter increased year on year to ¥243 million, up 30.6% year on year. The increase resulted from the commencement of operations at new projects and expansion of the scale of existing projects.」
Income from partnership interests, investment income and other income, including electricity sales revenue, increased to ¥243 million as new projects commenced operations and existing projects expanded in scale. - FY2023-Q3SoftenedAnnual report
「Of this amount, income from projects operated by the Group, including electricity sales revenue, vegetable sales and rental income from group homes for people with disabilities, was ¥568 million, down 40.2% year on year. Electricity sales revenue declined because some megasolar projects that were generating electricity were sold during the previous consolidated fiscal year.」
Income from operated projects totaled ¥568 million, down 40.2% year on year. The decline in electricity sales revenue resulting from the sale of some megasolar projects during the previous fiscal year continued. - FY2023-Q2SoftenedAnnual report
「The total of income from partnership interests, investment income and other income for the cumulative second quarter declined year on year to ¥599 million, down 17.9% year on year. Of this amount, income from projects operated by the Group, including electricity sales revenue, vegetable sales and rental income from group homes for people with disabilities, was ¥379 million, down 45.0% year on year. Electricity sales revenue declined because some megasolar projects that were generating electricity were sold during the previous consolidated fiscal year.」
Income from operated projects declined to ¥379 million. Electricity sales revenue declined due to the sale of some megasolar projects during the previous fiscal year, and the expansion of stable revenue sources slowed. - FY2023-Q1SoftenedAnnual report
「Of this amount, electricity sales revenue from projects operated by the Group, vegetable sales and other income totaled ¥184 million, down 42.7% year on year. The main factor behind the decline was the sale of some megasolar projects that were generating electricity during the previous consolidated fiscal year.」
Electricity sales revenue, vegetable sales and other income from operated projects totaled ¥184 million, down 42.7% year on year. The sale of some megasolar projects during the previous fiscal year was cited as a factor behind the decline. - FY2022SoftenedAnnual report
「Of this amount, electricity sales revenue from projects operated by the Group, vegetable sales and other income totaled ¥1,157 million, down 11.8% year on year. The main factor behind the decline was the sale of some megasolar projects that were generating electricity during the previous consolidated fiscal year.」
Electricity sales revenue, vegetable sales and other income from operated projects totaled ¥1,157 million, down 11.8% year on year due to the sale of some megasolar projects. - FY2022-Q3SoftenedAnnual report
「Of this amount, electricity sales revenue from projects operated by the Group, vegetable sales and other income totaled ¥951 million, down 15.8% year on year. The main factor behind the decline was the sale of some megasolar projects that were generating electricity during the previous consolidated fiscal year.」
Electricity sales revenue, vegetable sales and other income from operated projects totaled ¥951 million, down 15.8% year on year. The sale of some megasolar projects that were generating electricity during the previous fiscal year was cited as a factor behind the decline. - FY2022-Q2SoftenedAnnual report
「Of this amount, electricity sales revenue from projects operated by the Group, vegetable sales and other income totaled ¥690 million, down 18.0% year on year. The main factor behind the decline was the sale of some megasolar projects that were generating electricity during the previous consolidated fiscal year.」
Electricity sales revenue, vegetable sales and other income from operated projects totaled ¥690 million, down 18.0% year on year. The sale of megasolar projects during the previous fiscal year was cited as a factor behind the decline. - FY2022-Q1SoftenedAnnual report
「Of this amount, electricity sales revenue from projects operated by the Group, vegetable sales and other income totaled ¥321 million, down 23.9% year on year. The main factor behind the decline was the sale of some megasolar projects that were generating electricity during the previous consolidated fiscal year.」
Electricity sales revenue, vegetable sales and other income from operated projects totaled ¥321 million, declining year on year due to the sale of some megasolar projects. - FY2021AdvancedAnnual report
「Of this amount, electricity sales revenue from projects operated by the Group, vegetable sales and other income totaled ¥1,313 million, up 43.7% year on year. Revenue from newly operational megasolar projects increased compared with the previous consolidated fiscal year.」
Electricity sales revenue, vegetable sales and other income from operated projects increased to ¥1,313 million, with newly operational megasolar projects serving as a growth driver. - FY2021-Q3AdvancedAnnual report
「Of this amount, electricity sales revenue from projects operated by the Group, vegetable sales and other income totaled ¥1,129 million, up 38.0% year on year. Revenue from newly operational megasolar projects increased compared with the same period of the previous year.」
Electricity sales revenue, vegetable sales and other income from operated projects increased to ¥1,129 million, with higher revenue from newly operational megasolar projects serving as a growth driver. - FY2021-Q2AdvancedAnnual report
「Of this amount, electricity sales revenue from projects operated by the Group and vegetable sales totaled ¥842 million, up 44.8% year on year. Revenue from newly operational megasolar projects increased compared with the same period of the previous year.」
Higher revenue from newly operational megasolar projects increased electricity sales revenue and vegetable sales from operated projects to ¥842 million. - FY2021-Q1AdvancedAnnual report
「Of this amount, electricity sales revenue from projects operated by the Group and vegetable sales totaled ¥422 million, up 34.6% year on year. Revenue increased year on year as revenue from newly operational megasolar projects offset the decline in electricity sales revenue from megasolar projects sold during the previous consolidated fiscal year.」
Revenue from newly operational megasolar projects offset the decline in revenue from projects already sold, increasing electricity sales revenue and other income to ¥422 million. - FY2020-Q3SoftenedAnnual report
「Of this amount, electricity sales revenue from projects operated by the Group and vegetable sales totaled ¥818 million, down 5.2% year on year. Revenue declined year on year because the decline in electricity sales revenue from projects sold during the previous consolidated fiscal year could not be offset by newly operational projects.」
Stable revenue sources, including electricity sales revenue, totaled ¥818 million, but the decline in revenue from projects sold in the previous fiscal year could not be offset by newly operational projects, resulting in a year-on-year decline. - FY2020-Q2RestatedAnnual report
「Of this amount, electricity sales revenue from projects operated by the Group and vegetable sales totaled ¥581 million, down 3.7% year on year.」
The business structure continues to rely on electricity sales revenue and other sources as stable revenue streams, but revenue declined year on year due to reduced sunlight caused by unfavorable weather conditions and other factors. - FY2020-Q1AdvancedAnnual report
「Electricity sales revenue accounted for ¥313 million, up 13.6% year on year. It increased year on year because the increase from projects that commenced electricity sales during the previous fiscal year exceeded the decline from projects sold during the previous fiscal year.」
Electricity sales revenue increased from ¥276 million in the same period of the previous year to ¥313 million as the number of projects that had commenced electricity sales increased. - FY2019AdvancedAnnual report
「Electricity sales revenue accounted for ¥1,075 million of this amount. It increased from the previous consolidated fiscal year as the number of projects that had commenced electricity sales increased.」
Electricity sales revenue increased to ¥1,075 million for the year as the number of projects that had commenced electricity sales increased. - FY2019-Q3AdvancedAnnual report
「Of this amount, electricity sales revenue was ¥863 million for the cumulative third quarter. It increased year on year as the number of projects that had commenced electricity sales increased.」
Electricity sales revenue increased from ¥734 million in the same period of the previous year to ¥863 million as the number of projects that had commenced electricity sales increased. - FY2019-Q2AdvancedAnnual report
「Of this amount, electricity sales revenue was ¥604 million for the cumulative second quarter. It increased year on year as the number of projects that had commenced electricity sales increased.」
As the number of projects that had commenced electricity sales increased, electricity sales revenue rose to ¥604 million, demonstrating the expansion of a stable revenue source. - FY2019-Q1RestatedAnnual report
「Electricity sales revenue increased to ¥276 million, up 170.0% year on year, as the number of projects that had commenced electricity sales increased.」
No projects were sold during the quarter, while electricity sales revenue increased to ¥276 million as the number of projects that had commenced electricity sales rose. The revenue mix combining gains on sales with electricity sales revenue continued. - FY2018SoftenedAnnual report
「In addition, in the project investment business, the sale of some projects slowed the pace of asset accumulation. A challenge remains in that the projects currently retained on their own cannot generate sufficient stable revenue to cover selling, general and administrative expenses.」
The Company explicitly identified the challenge that, as early monetization through project sales progressed, the remaining projects alone could not generate sufficient stable revenue to cover selling, general and administrative expenses. - FY2018-Q3RestatedAnnual report
「The figure increased year on year to ¥734 million, up 39.9% year on year. Gains from the sale of renewable energy projects were recorded, and the number of renewable energy projects generating power increased, resulting in higher electricity sales revenue than in the same period of the previous year.」
The policy of generating revenue by combining gains from renewable energy project sales with electricity sales revenue continues, and income from partnership interests and other income increased to ¥734 million. - FY2018-Q2RestatedAnnual report
「As gains from the sale of renewable energy projects and electricity sales revenue from renewable energy projects already generating power were recorded, the figure increased year on year to ¥533 million, up 36.3% year on year.」
The renewable energy business continues to pursue a revenue policy combining gains from project sales with electricity sales revenue. - FY2018-Q1RestatedAnnual report
「As gains from the sale of 2 megasolar projects totaling 3.0 MW, all attributable to the Company, and electricity sales revenue from megasolar projects already generating power were recorded, the figure increased year on year to ¥322 million, up 284.5% year on year.」
The policy of combining electricity sales revenue from long-term holdings with income from project sales is reflected in gains on the sale of 2 projects totaling 3.0 MW and electricity sales revenue. - FY2017ReframedAnnual report
「The business was initially launched with the aim of holding projects over the long term and generating stable income from electricity sales over 20 years. However, as the external environment improved, including the establishment of an infrastructure REIT market by the Tokyo Stock Exchange, we decided to sell some projects to realize profits and recover funds earlier. For some of the projects in which we invest, our policy is to continue holding them for an extended period to secure stable electricity-sales income.」
The company now describes a policy combining electricity-sales income from long-term holdings with earlier revenue realization through partial sales, rather than the previous specific target of beginning electricity sales from 100MW of capacity by a deadline. - FY2017-Q3DroppedAnnual report
「Across the investment business as a whole, including income from partnership interests generated by the mega-solar investment business and other operations, operating revenue increased year on year to ¥3,515 million, up 18.4%, and gross operating profit increased to ¥1,276 million, up 68.9%, driven by higher sales proceeds and electricity-sales income.」
References to the target of beginning electricity sales from projects with a capacity of approximately 100MW by March 2018 and to generating stable income have been removed and replaced with a description of actual results, namely higher electricity-sales income and other revenue. - FY2017-Q2ReframedAnnual report
「We had sought to begin selling electricity from mega-solar projects with a combined capacity of approximately 100MW by March 2018 in order to generate stable income from electricity sales. However, as projects have been steadily accumulated and the external environment has improved, including the opening of the Tokyo Stock Exchange's infrastructure fund market, going forward we will also seek to obtain revenue opportunities earlier by selling projects, depending on the terms and conditions.」
While maintaining the target of beginning electricity sales from projects with a capacity of approximately 100MW as a source of stable income, the company has shifted toward a policy of also monetizing projects earlier through sales. - FY2017-Q1First statedAnnual report
「We have sought to begin selling electricity from mega-solar projects with a combined capacity of approximately 100MW by March 2018, in order to generate stable income from electricity sales.」
The company has set a target of beginning electricity sales from projects with a capacity of approximately 100MW by March 2018, with electricity-sales income as a source of stable earnings.