Risk of surges in wholesale electricity market prices
First written in FY2021-Q3. 3 of 4 entries say "Materialised", first in FY2021-Q3. Latest entry: FY2023.
Kddi moved to the "Worse" side of this theme in 2023, 1 year after the typical company in this theme (2022).
The whole theme swung hardest in 2021: 4 of 15 companies on the "Worse" side.
3 other companies' latest entry also says "Materialised".
- FY2023MaterialisedAnnual report
「Operating profit was ¥1,075,749 million, up 1.4%, despite the impact of higher fuel prices and communications outages compared with the previous fiscal year, owing mainly to higher revenue.」
The disclosure states that the impact of higher fuel prices associated with surging wholesale electricity market prices and other factors, together with communications outages, affected operating profit for the fiscal year. - FY2023-Q3MaterialisedAnnual report
「Operating income was ¥843,420 million, down 3.6% year on year, due to lower mobile communications service revenue, including roaming revenue, and the impact of surging fuel prices.」
The impact of higher fuel prices associated with surging wholesale electricity market prices and other factors emerged in results as a reason for the decrease in operating profit for the cumulative first 3 quarters. - FY2022RestatedAnnual report
「Higher procurement costs due to surging wholesale electricity market prices and other factors in the energy business」
The increase in procurement costs caused by higher wholesale electricity market prices continued to be disclosed as an existing major risk relating to the energy business. - FY2021-Q3MaterialisedAnnual report
「The rise in wholesale market prices caused by nationwide tight electricity supply and demand continuing since the end of last year may affect our Group's operating performance and other results.」
The surge in wholesale market prices resulting from tight electricity supply and demand was disclosed independently for the first time as a major risk arising during the current quarter.