Revenue and Equipment Risks in the Solar Power Generation Business
First written in FY2016. 3 of 6 entries say "Mitigated", first in FY2017-Q3. Latest entry: FY2020.
No other company in this theme has enough history to compare yet.
- FY2020MitigatedAnnual report
「In fiscal 2019, the three power plants generated more electricity than the total amount of electricity used by all of the Group's studios, producing a certain earnings benefit.」
The solar power business had 3 operating power plants, whose generation exceeded total electricity consumption by all studios, and the disclosure notes a certain earnings benefit. - FY2020-Q3MaterialisedAnnual report
「It became clear that profitability since the start of the business had declined substantially below the initial forecast due to soaring construction and other costs. Nippon Television Work 24 Co., Ltd., a consolidated subsidiary of the Company, decided to withdraw from the solar power business at the site and recorded the amount of equipment investment already made and other withdrawal-related costs as a loss on business withdrawal for the cumulative third quarter of the current consolidated fiscal year.」
At the solar power project in Towada, Aomori Prefecture, construction and other costs soared. The company decided to withdraw from the business as profitability declined and recorded a loss on withdrawal. - FY2018MitigatedAnnual report
「The Group launched its solar power business in the Tohoku region in 2014 and brought a large-scale solar power plant in the Aso region of Kumamoto Prefecture online in May 2018.」
The disclosure states that the solar power plant in the Aso region, where construction had been suspended due to the Kumamoto Earthquake, began operations in May 2018. - FY2017RestatedAnnual report
「Construction of the solar power plant under construction north of the Aso region of Kumamoto Prefecture was temporarily suspended due to the Kumamoto Earthquake. Following repeated consultations with the local authorities, construction resumed in February 2017 as an agrivoltaic power plant aimed at restoring abandoned farmland and promoting agriculture.」
The full-year report also describes how construction suspended due to the Kumamoto Earthquake resumed as an agrivoltaic power plant. - FY2017-Q3MitigatedAnnual report
「Following repeated consultations with the local authorities regarding the temporary suspension of construction of the solar power plant under construction north of the Aso region of Kumamoto Prefecture due to the Kumamoto Earthquake, construction resumed in February 2017 as an agrivoltaic power plant aimed at restoring abandoned farmland and promoting agriculture.」
Construction of the solar power plant, which had been suspended due to the Kumamoto Earthquake, resumed in February 2017 as an agrivoltaic power plant. - FY2016MaterialisedAnnual report
「Regarding the impact of the Kumamoto Earthquake that occurred in April 2016, a power plant intended to be the core of the business was under construction north of the Aso region of Kumamoto Prefecture, but construction was temporarily suspended due to the earthquake.」
In addition to the feed-in tariff scheme and weather and equipment problems, the temporary suspension of construction due to the Kumamoto Earthquake actually occurred.