Deterioration in Renewable Energy Business Profitability Due to Rising Construction Material Prices
First written in FY2017. 2 of 4 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2022: 32 of 49 companies on the "Worse" side.
14 other companies' latest entry also says "Mitigated".
- FY2022MitigatedAnnual report
「During the current consolidated fiscal year, we were able to substantially complete the restructuring of unprofitable businesses in which we had invested in the past without producing results, an initiative pursued since the previous consolidated fiscal year. These businesses included the renewable energy-related business operated by ZEエナジー, the overseas financial instruments trading business operated by PJB, and overseas investment projects of Traders Investment, among others.」
The restructuring of ZEエナジー's business reduced our group's direct exposure to the construction material price increase risk specific to the renewable energy business. - FY2022-Q3RestatedAnnual report
「During the consolidated cumulative third quarter period under review, there were no material additions or changes to the business and other risks described in the annual securities report for the previous fiscal year.」
States that there have been no significant additions or changes regarding the deterioration in renewable energy business profitability due to rising construction material prices. - FY2021-Q3RestatedAnnual report
「During the consolidated cumulative third quarter period under review, there were no material additions or changes to the business and other risks described in the annual securities report for the previous fiscal year.」
States that there have been no significant additions or changes regarding the deterioration in renewable energy business profitability due to rising construction material prices. - FY2017First statedAnnual report
「In the renewable energy-related business, if construction material prices and other costs rise significantly beyond expectations after the execution of a construction contract due to market conditions and it is difficult to reflect the increases in the contract price, this may increase construction costs, reduce the profits of our group, and adversely affect our group's business and results.」
Newly discloses the risk that increases in construction material prices and other costs after the execution of construction contracts may lead to higher costs and lower profits.