Decline in transmission and distribution business revenue due to lower balancing market prices
First written in FY2024-Q1. 3 of 5 entries say "Restated". Latest entry: FY2026.
0 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Sales to external customers decreased by ¥2,899 million, or 0.7%, from the previous consolidated fiscal year to ¥386,221 million, due mainly to a decrease in wheeling and electricity sales revenue to other companies associated with balancing transactions.」
The impact of lower revenue due to declines in balancing market prices and other factors continued, with transmission and distribution business sales to external customers decreasing 0.7% year on year. Profit increased due to lower expenses. - FY2024RestatedAnnual report
「Sales to external customers decreased by ¥128,095 million, or 27.3%, from the previous consolidated fiscal year to ¥341,880 million, due mainly to a decrease in electricity sales revenue resulting from lower balancing market prices.」
The decline in transmission and distribution business sales due to lower balancing market prices continued for the full fiscal year. Segment profit increased due to lower expenses. - FY2024-Q3RestatedAnnual report
「In terms of revenue, sales to external customers decreased by ¥114,724 million year on year, or 31.3%, to ¥251,339 million, due mainly to lower revenue resulting from declines in balancing market prices. Including intersegment sales, sales decreased by ¥116,173 million, or 13.5%, to ¥743,354 million.」
The decline in revenue due to lower balancing market prices continued, with sales to external customers decreasing 31.3% year on year. - FY2024-Q2MaterialisedAnnual report
「In terms of revenue, sales to external customers decreased by ¥83,014 million year on year, or 32.2%, to ¥174,948 million, due mainly to lower revenue resulting from declines in balancing market prices. Including intersegment sales, sales decreased by ¥79,118 million, or 13.5%, to ¥505,293 million.」
The decline in revenue due to lower balancing market prices continued, with transmission and distribution business sales to external customers decreasing 32.2% year on year. - FY2024-Q1First statedAnnual report
「In terms of revenue, sales to external customers decreased by ¥32,441 million year on year, or 30.9%, to ¥72,622 million, due mainly to lower revenue resulting from declines in balancing market prices. Including intersegment sales, sales decreased by ¥31,174 million, or 12.3%, to ¥222,808 million.」
The decline in balancing market prices was cited for the first time as a factor behind the 30.9% decrease in transmission and distribution business sales to external customers and the 12.3% decrease in sales including intersegment sales.