Impact of COVID-19 on electricity demand and results
First written in FY2021-Q1. 1 of 8 entries say "Softened", first in FY2021-Q2. Latest entry: FY2023-Q3.
0 other companies' latest entry also says "Dropped".
- FY2023-Q3DroppedAnnual reportThis filing's sections on business risks and analysis of operating results contain no direct reference to the impact of COVID-19 on demand. The factors behind the decline in demand are described as lower production of transport equipment and other products, and the transition following revisions to sales prices.
- FY2022-Q3Continued recovery in demandAnnual report
「Electricity demand in the Chubu area during the current third-quarter consolidated cumulative period increased 2.7% from the previous third-quarter consolidated cumulative period, due partly to the rebound from the impact of COVID-19 in the previous third-quarter consolidated cumulative period. Based on the results for the current third-quarter consolidated cumulative period and information obtained from customers, electricity demand in the Chubu area for the consolidated fiscal year is assumed to increase by approximately 2% from the previous consolidated fiscal year.」
Electricity demand in the Chubu area for the cumulative third quarter increased 2.7% year on year due to the rebound from the impact of COVID-19, and an increase of approximately 2% year on year is assumed for the fiscal year. - FY2022-Q2Continued recovery in demandAnnual report
「Based on the results for the current second-quarter consolidated cumulative period and information obtained from customers, electricity demand in the Chubu area for the consolidated fiscal year is assumed to increase by approximately 2% from the previous consolidated fiscal year. However, financial position, operating results and cash flows may be affected if the impact of COVID-19 expands or continues for longer, or if the group fails to anticipate changes in social structures sufficiently.」
Electricity demand in the Chubu area for the cumulative second quarter increased 3.5% year on year, partly due to the rebound from the impact of COVID-19, and an increase of approximately 2% year on year is assumed for the fiscal year. At the same time, the potential impact of a wider or prolonged spread of infections and delays in responding to changes in social structures remains. - FY2022-Q1Continued recovery in demandAnnual report
「Electricity demand in the Chubu area during the current first-quarter consolidated cumulative period increased 7.1% from the previous first-quarter consolidated cumulative period, due partly to the rebound from the impact of COVID-19 in the previous first-quarter consolidated cumulative period.」
Electricity demand in the Chubu area increased 7.1% year on year due to the rebound from the decline caused by COVID-19. An increase of approximately 2% year on year is assumed for the full year, while the potential impact of a renewed or prolonged spread of infections and other factors continues to be disclosed. - FY2021Annual results and outlook for recovery in the following fiscal yearAnnual report
「Electricity demand in the Chubu area during the consolidated fiscal year decreased 2.4% from the previous consolidated fiscal year due to the impact of COVID-19 and other factors. Electricity demand in the Chubu area bottomed out in May 2020 and has been recovering since June, exceeding the results for the corresponding months of the previous year from January through May 2021.」
Annual electricity demand decreased 2.4% year on year, while recovery continued after bottoming out in May 2020. An increase of approximately 2% is assumed for the following consolidated fiscal year. - FY2021-Q3RestatedAnnual report
「Electricity demand in the Chubu area during the current third-quarter consolidated cumulative period decreased 4.3% from the previous third-quarter consolidated cumulative period due to the spread of COVID-19 and other factors. The decline in electricity demand in the Chubu area bottomed out in May and has been recovering since June. In addition to the impact on electricity demand of the state of emergency declared in January 2021, some uncertainty remains regarding future effects, including changes in social structures resulting from COVID-19. Based on the results for the current third-quarter consolidated cumulative period and information obtained from customers, electricity demand in the Chubu area is assumed to decrease by approximately 2% from the previous consolidated fiscal year.」
Electricity demand for the cumulative third quarter decreased 4.3% year on year, while recovery has continued since the May trough. The projected annual decrease has been maintained at approximately 2% year on year. The impact of the state of emergency declared in January 2021 and uncertainty regarding the outlook are also described. - FY2021-Q2SoftenedAnnual report
「Electricity demand in the Chubu area during the current second-quarter consolidated cumulative period decreased 5.8% from the previous second-quarter consolidated cumulative period due to the impact of COVID-19 and other factors. The decline in electricity demand in the Chubu area bottomed out in May and has been recovering since June. Although the future impact remains uncertain, including changes in social structures resulting from COVID-19, based on the results for the current second-quarter consolidated cumulative period and information obtained from customers, we expect the recovery trend to continue in the second half and assume that electricity demand in the Chubu area for the consolidated fiscal year that includes the current second-quarter consolidated accounting period will decrease by approximately 2% from the previous consolidated fiscal year.」
Although electricity demand decreased 5.8% year on year during the period, it was judged to have been on a recovery trend since June after bottoming out in May, and the projected annual decline was reduced from approximately 6% to approximately 2%. The uncertainty of the impact and its potential effects on financial position, operating results and cash flows continue to be disclosed. - FY2021-Q1First statedAnnual report
「Electricity demand in the Chubu area during the current first-quarter consolidated cumulative period decreased 9.1% from the previous first-quarter consolidated cumulative period due to the impact of COVID-19 and other factors. The decrease in electricity demand in the Chubu area bottomed out in May and has been gradually recovering since June. Although the impact of the recent resurgence of infections and changes in social structures resulting from COVID-19 on future electricity demand remains uncertain, based on currently available information, including the results for the current first-quarter consolidated cumulative period and information obtained from customers, we assume that electricity demand in the Chubu area for the consolidated fiscal year that includes the current first-quarter consolidated accounting period will continue to recover gradually, but will not recover to the pre-pandemic level within fiscal 2020, and will decrease by approximately 6% from the previous consolidated fiscal year. In light of the status of electricity demand and other factors, financial position, operating results and cash flows are expected to be affected during the consolidated fiscal year that includes the current first-quarter consolidated accounting period. The extent of the impact will vary depending on the timing of the containment of the pandemic, the pace of economic recovery and other factors.」
Electricity demand decreased 9.1% as a result of the impact of COVID-19, and a full recovery within fiscal 2020 is not expected. The annual decrease is assumed to be approximately 6% year on year. The potential impact on financial position, operating results and cash flows was also explicitly disclosed.