Impact of the spread of COVID-19 on demand and business revenue
First written in FY2021-Q1. 2 of 6 entries say "Materialised", first in FY2021-Q2. Latest entry: FY2022-Q3.
The whole theme swung hardest in 2020: 103 of 175 companies on the "Worse" side.
- FY2022-Q3MitigatedAnnual report
「On the revenue side, sales to external customers increased to ¥266,579 million, up ¥43,437 million, or 19.5%, year on year, mainly because area demand increased as demand recovered from the decline caused by the effects of COVID-19, and sales of electricity between service areas increased as power transfers to other areas grew.」
Recovery from the decline in demand caused by infectious diseases is cited as a factor behind higher revenue in the transmission and distribution business, and the impact has been partially mitigated. However, the impact on rental income remains in other businesses. - FY2022-Q2MitigatedAnnual report
「On the revenue side, sales to external customers increased to ¥163,329 million, up ¥14,571 million, or 9.8%, year on year, mainly because area demand increased as demand recovered from the decline caused by the effects of COVID-19.」
In the transmission and distribution business, recovery from the decline in demand caused by infectious diseases is noted, and sales to external customers increased 9.8% year on year. However, the impact on rental income remains in other businesses. - FY2022-Q1RestatedAnnual report
「In terms of revenue, sales to external customers increased by ¥6,305 million (+9.6%) year on year to ¥72,149 million, mainly because regional demand increased as demand recovered from the impact of COVID-19. Including intersegment sales, sales increased by ¥375 million (+0.2%) to ¥202,228 million.」
In the transmission and distribution business, demand recovery from the effects of infectious diseases is noted, while rental income in the lifestyle and business solutions business continues to decline due to the effects of infectious diseases. - FY2021-Q3MaterialisedAnnual report
「During the nine months ended 31 December, retail electricity sales volume decreased 10.9% year on year to 74.9 billion kWh, owing to intensifying competition and the impact of COVID-19, among other factors.」
The impact of COVID-19, together with intensifying competition, continued to materialize as a factor behind the 10.9% decline in retail electricity sales volume. The Company also disclosed lower revenue in the residential and hotel businesses. - FY2021-Q2MaterialisedAnnual report
「During the six months ended 30 September, retail electricity sales volume decreased 11.0% year on year to 51.3 billion kWh, owing to competition from new electricity suppliers and the impact of COVID-19, among other factors.」
The impact of COVID-19 continued to materialize as a factor behind the 11.0% decline in retail electricity sales volume, and also affected lower revenue in the residential and hotel businesses. - FY2021-Q1First statedAnnual report
「The Company and its affiliated companies operate in the comprehensive energy and power transmission and distribution business, which provides comprehensive energy solutions including electricity, gas and utility services; the information and communications business, which provides comprehensive information and communications services; and the lifestyle and business solutions business, which provides real estate-related services and lifestyle and business-related services. During the first quarter of the current consolidated fiscal year, retail electricity sales volume decreased by 13.6% year on year to 23.5 billion kWh, mainly due to the impact of the spread of COVID-19 in the electricity sector and a decline in the number of electricity customers in the lighting sector.」
The spread of COVID-19 was identified for the first time as a factor behind the decline in retail electricity sales volume, and also affected lower revenue in the hotel business and other operations within the lifestyle and business solutions business, as well as the overall decline in revenue.