Fluctuations in Fuel Prices and Foreign Exchange Rates
First written in FY2016. 13 of 33 entries say "Materialised", first in FY2018-Q1. Latest entry: 2026-09-25.
Hokkaido Electric Power Company moved to the "Worse" side of this theme in 2017, the same year as the typical company in this theme.
The whole theme swung hardest in 2017: 5 of 8 companies on the "Worse" side.
0 other companies' latest entry also says "Raised".
- 2026-09-25RaisedRevision of earnings forecasts
「Ordinary income is expected to increase by ¥16 billion from the previous forecast to approximately ¥46 billion, mainly due to a review of wheeling charges at 北海道電力ネットワーク株式会社 reflecting the impact of higher prices and interest rates.」
The FY2026 consolidated earnings forecast was revised upward, with revenue raised from ¥970 billion to ¥1.025 trillion, operating income from ¥48 billion to ¥61 billion, ordinary income from ¥30 billion to ¥46 billion, and net income attributable to owners of the parent from ¥22 billion to ¥33 billion. The stated reasons include higher fuel cost adjustment amounts and electricity charges for sales to other companies resulting from higher fuel prices, as well as a review of wheeling charges reflecting higher prices and interest rates. - 2026-09-23Raisedwww.nikkei.com
「従来予想から110億円上方修正した。」
2027年3月期の連結純利益予想が従来予想から110億円引き上げられ、330億円となる見通しが報じられた。 - FY2026WorsenedAnnual report
「Fuel and wholesale electricity market prices have recently been rising as tensions in the Middle East have intensified.」
The disclosure newly identifies recent price increases associated with heightened tensions in the Middle East as a risk related to fluctuations in fuel and wholesale electricity market prices. Measures including long-term contracts, spot procurement, supplier diversification and derivatives transactions remain in place. - FY2026-H1MitigatedAnnual report
「Ordinary income increased by ¥11,151 million, or 22.0%, from the previous interim consolidated accounting period to ¥61,939 million, due mainly to the impact of gains from timing differences under the fuel cost adjustment system resulting from lower fuel prices and other factors, and lower fuel costs resulting from increased hydroelectric generation.」
Lower fuel prices and increased hydroelectric generation contributed to improved profitability through lower fuel costs and other expenses and a gain from the timing difference. The adverse impact of fuel price fluctuations was mitigated during the interim period. - FY2025-H1MaterialisedAnnual report
「Ordinary income decreased by ¥19.535 billion, or 27.8%, from the previous interim consolidated accounting period to ¥50.787 billion, mainly because the timing difference under the fuel cost and other adjustment system changed from a gain in the same period of the previous year to a loss, resulting in lower profitability.」
The timing difference under the fuel cost and other adjustment system changed from a gain to a loss, and ordinary income declined 27.8% year on year. Fluctuations in fuel prices and other factors were reflected in the results as a deterioration in profitability. - FY2024-Q3MitigatedAnnual report
「Ordinary income and loss turned from a loss in the same quarter of the previous year into a profit of ¥73,793 million, an improvement of ¥105,383 million, due mainly to the substantial contribution to improved earnings from electricity rate revisions and the timing difference under the fuel cost adjustment system.」
The timing difference under the fuel cost and other adjustment system contributed to improved profitability, and the adverse impact of fuel and market price fluctuations that emerged in the previous period was mitigated during the quarter. - FY2024-Q2MitigatedAnnual report
「Ordinary profit and loss improved by ¥71.393 billion from a loss in the same period of the previous year to a profit of ¥70.323 billion, mainly because the timing difference under the fuel cost and other adjustment system made a significant contribution to improved profitability, in addition to electricity tariff revisions.」
The timing difference under the fuel cost and other adjustment system related to fluctuations in fuel and wholesale electricity market prices emerged as a factor improving profitability during the quarter, and ordinary profit and loss improved from a loss in the same period of the previous year to a profit of ¥70.323 billion. - FY2024-Q1MitigatedAnnual report
「Ordinary income increased by ¥34.8 billion, or 273.0%, year on year to ¥47.549 billion, owing to improved profitability associated with fluctuations in fuel and wholesale electricity market prices, as well as electricity tariff revisions.」
Fluctuations in fuel and wholesale electricity market prices improved profitability during the quarter, while tariff revisions also contributed, resulting in a 273.0% year-on-year increase in ordinary income. The adverse impact of price fluctuations on profitability that emerged in the previous period was mitigated during the quarter. - FY2023MitigatedAnnual report
「For low-voltage customers, the fuel cost adjustment system reflects changes in fuel prices within a specified range. For high-voltage and extra-high-voltage customers, the fuel cost and other adjustment system also reflects changes in wholesale electricity market prices. These systems mitigate the impact of fluctuations in fuel and wholesale electricity market prices on earnings.」
The disclosure specifies the fuel cost adjustment system for low-voltage customers and the fuel cost and other adjustment system for high-voltage and extra-high-voltage customers, confirming the mechanism for reflecting and mitigating the impact of price fluctuations on earnings within a specified range. - FY2023-Q3MitigatedAnnual report
「For low-voltage customers, including customers on regulated rates, we plan to revise the fuel cost adjustment system in conjunction with the rate revision scheduled for 1 June 2023. For high-voltage and extra-high-voltage customers, we will apply a fuel and other cost adjustment system from 1 April 2023 that reflects fluctuations in wholesale electricity market prices in addition to fuel price movements. These revisions to the fuel cost adjustment system and other measures will reflect fluctuations in fuel prices and other factors within a certain range, mitigating their impact on earnings.」
To address the risk of fluctuations in fuel prices and wholesale electricity market prices, we plan to revise the fuel cost adjustment system for low-voltage customers and apply the fuel and other cost adjustment system to high-voltage and extra-high-voltage customers, thereby mitigating the impact on earnings. - FY2023-Q2WorsenedAnnual report
「Fuel procurement costs are currently being significantly affected by fluctuations in fuel prices resulting from the situation in Ukraine and foreign exchange rates. Purchased power costs are affected by fluctuations in wholesale electricity market prices. Accordingly, we are pursuing a balanced power-generation mix and working to diversify and mitigate price volatility risk through a combination of long-term contracts and spot procurement, diversification of suppliers and other contractual arrangements, and the use of derivatives. There is also a fuel cost adjustment system that reflects fuel price movements in electricity rates. However, fuel prices have risen sharply since the situation in Ukraine deteriorated, and if these high price levels persist, earnings may be affected because the portion exceeding the upper limit of the average fuel price cannot be fully reflected in electricity rates under the fuel cost adjustment system.」
In addition to the existing risks associated with fuel prices and foreign exchange movements, the disclosure explicitly identifies fluctuations in wholesale electricity market prices. It cites long-term contracts, spot procurement, supplier diversification and derivatives as countermeasures, while adding the risk that amounts exceeding the upper limit under the fuel cost adjustment system may not be reflected in rates. - FY2023-Q1MaterialisedAnnual report
「Although electricity sales volume to retail customers and other companies increased, ordinary income decreased by ¥958 million, or 7.0%, from the same quarter of the previous year on a consolidated cumulative basis to ¥12,749 million due to rising fuel prices and other factors.」
Higher fuel prices were reflected in actual results as a factor reducing ordinary income 7.0% year on year, despite an increase in sales volume. - FY2022WorsenedAnnual report
「In fuel procurement, fuel prices have recently been highly volatile due to the situation in Ukraine.」
The disclosure newly identifies increased volatility arising from the situation in Ukraine as a risk associated with fuel price fluctuations. - FY2022-Q2MaterialisedAnnual report
「This was due to deteriorating earnings resulting from higher fuel prices since April of the current year, despite increased electricity sales volume to other companies and lower repair expenses for power-generation facilities.」
Higher fuel prices since April of the current year contributed to deteriorating earnings, with the risk of fuel price volatility reflected in a 18.7% year-on-year decline in ordinary income. - FY2022-Q1MaterialisedAnnual report
「This was due to deteriorating earnings resulting from higher fuel prices since April of the current year, despite lower fuel costs resulting from increased hydroelectric generation and other factors.」
Higher fuel prices since April of the current year contributed to deteriorating earnings, with the risk of fuel price volatility reflected in lower ordinary income during the current quarter. - FY2021-Q2MaterialisedAnnual report
「Revenue decreased ¥9.849 billion, or 2.8%, from the same cumulative period of the previous fiscal year to ¥339.597 billion. Ordinary revenue, including non-operating income, decreased ¥9.882 billion, or 2.8%, to ¥340.383 billion. This was due to the impact of the fuel cost adjustment system resulting from lower fuel prices and lower sales volume due to the impact of COVID-19 and other factors, despite an increase resulting from the feed-in tariff system for renewable energy.」
Lower fuel prices were reflected in actual results as a factor reducing revenue and ordinary revenue through the fuel cost adjustment system, with both revenue and ordinary revenue declining 2.8% year on year. - FY2020-Q1MaterialisedAnnual report
「This was due to the impact of the fuel cost adjustment system and the feed-in tariff system for renewable energy resulting from higher fuel prices, as well as lower retail sales volume and other factors.」
The disclosure states that lower fuel prices affected electricity business revenue through the fuel cost adjustment system, with the risk of fuel price volatility reflected in actual results during the current quarter. - FY2019RestatedAnnual report
「Fuel-purchasing costs are affected by fluctuations in fuel prices and foreign exchange rates. Accordingly, we are pursuing a balanced power-generation mix and working to diversify the risk of price volatility through measures such as diversifying the contractual arrangements used for fuel purchases.」
We continue to pursue a policy of diversifying the risks associated with fuel prices and foreign exchange movements through a varied power-generation mix and diversified contractual arrangements. - FY2019-Q3MaterialisedAnnual report
「Although higher fuel prices increased fuel costs and purchased power costs, operating expenses declined due to increased hydroelectric generation resulting from abundant water conditions, lower periodic inspection costs for thermal power-generation facilities, reductions in equipment and materials procurement costs under the Committee for Promoting the Strengthening of the Management Base, revisions to construction schedules through ingenuity, and further gains from efficiency improvements and cost reductions, among other factors.」
The rise in fuel prices was reflected in higher fuel costs and purchased power costs, but operating expenses declined due to other factors and efficiency improvements. - FY2019-Q1MitigatedAnnual report
「This was due to our ongoing efforts to achieve thorough efficiency improvements across management. Although fuel prices rose, fuel costs declined due to lower sales volume and abundant water conditions, while repair expenses for thermal power-generation facilities also decreased.」
Although fuel prices rose, operating expenses decreased year on year during the current quarter due to lower sales volume, lower fuel costs resulting from abundant water conditions and other factors. - FY2018MaterialisedAnnual report
「Under our ongoing efforts to achieve thorough efficiency improvements across management, repair expenses declined due to fewer thermal power plants undergoing periodic inspections. However, operating expenses increased due to higher fuel prices, higher fuel costs resulting from low water levels, and the impact of the feed-in tariff system for renewable energy, among other factors.」
Higher fuel prices and low water levels were reflected in annual results through increases in fuel costs and operating expenses. - FY2018-Q3MaterialisedAnnual report
「On the expense side, repair costs declined due in part to the lower number of thermal power plants undergoing periodic inspections, under the company’s ongoing efforts to achieve thorough efficiency improvements across its operations. However, due to higher fuel prices, increased fuel costs caused by low water levels, and the impact of the feed-in tariff scheme for renewable energy, operating expenses increased by ¥16.311 billion year on year to ¥485.425 billion.」
The rise in fuel prices and higher fuel costs due to low water levels were reflected in actual results as a ¥16.311 billion year-on-year increase in operating expenses. - FY2018-Q2MaterialisedAnnual report
「On the expense side, under continued efforts to achieve thorough efficiency improvements across the business, repair expenses decreased due in part to a reduction in the number of thermal power plants undergoing periodic inspections. However, operating expenses increased by ¥16,624 million from the same quarter of the previous year on a consolidated cumulative basis to ¥317,319 million, owing to higher fuel costs resulting from rising fuel prices and drought, as well as the impact of the renewable energy feed-in tariff scheme.」
The rise in fuel prices, together with higher fuel costs due to low water levels, was reflected in actual results as a ¥16.624 billion year-on-year increase in operating expenses. - FY2018-Q1MaterialisedAnnual report
「On the expense side, although the company continued to pursue thorough efficiency improvements across the business, operating expenses increased by ¥14,092 million from the same quarter of the previous year on a consolidated cumulative basis to ¥160,305 million, due mainly to higher fuel costs resulting from rising fuel prices and the reversal of the previous year's abundant water supplies.」
The rise in fuel prices was reflected in actual results through higher fuel costs and operating expenses. - FY2017RestatedAnnual report
「Accordingly, we are pursuing a balanced power-generation mix and working to diversify the risk of price volatility through measures such as diversifying the contractual arrangements used for fuel purchases.」
We have reaffirmed our policy of diversifying the risks associated with fuel prices and foreign exchange movements through a diversified power-generation mix and fuel-purchasing contracts. - FY2016First statedAnnual report
「We are pursuing a balanced power-generation mix and working to diversify the risk of price volatility through measures such as diversifying the contractual arrangements used for fuel purchases.」
Fuel prices and foreign exchange movements are risks, which we seek to diversify through a varied power-generation mix and diversified fuel-purchasing contracts.