Changes in electric utility earnings under the fuel cost adjustment mechanism
First written in FY2017-Q1. 21 of 33 entries say "Restated". Latest entry: 2026-10-30.
No other company in this theme has enough history to compare yet.
- FY2026-H1RestatedAnnual report
「Revenue was ¥119.231 billion, down ¥7.998 billion (6.3%) from the same period of the previous year due to the decrease in electricity sold and the impact of the fuel cost adjustment system, among other factors.」
The disclosure continues to state that revenue in the electric power business fell below the same period of the previous year as the decrease in electricity sold was compounded by the impact of the fuel cost adjustment system. - FY2025RestatedAnnual report
「Revenue was ¥224.043 billion, down ¥1.566 billion (0.7%) from the previous consolidated fiscal year, despite an increase in electricity sold, due to a decrease in fuel cost adjustment amounts accompanying the decline in fuel prices and other factors.」
The pattern continued whereby, even with an increase in electricity sold, the decrease in fuel cost adjustment amounts accompanying the decline in fuel prices weighed on revenue in the electric power business. - FY2025-H1RestatedAnnual report
「Revenue was ¥127.229 billion, down ¥3.271 billion (2.5%) from the same period of the previous year, despite an increase in electricity sold, due to a decrease in fuel cost adjustment amounts accompanying the decline in fuel prices and other factors.」
The disclosure states that, even with an increase in electricity sold, the decrease in fuel cost adjustment amounts accompanying the decline in fuel prices and other factors affected revenue. The revenue volatility arising from the fuel cost adjustment system appeared in the opposite direction. - FY2025-H1RestatedAnnual report
「Revenue was ¥127.229 billion, down ¥3.271 billion (2.5%) from the same period of the previous year, despite an increase in electricity sold, due to a decrease in fuel cost adjustment amounts accompanying the decline in fuel prices and other factors.」
The disclosure states that, even with an increase in electricity sold, the decrease in fuel cost adjustment amounts accompanying the decline in fuel prices and other factors affected revenue. The revenue volatility arising from the fuel cost adjustment system appeared in the opposite direction. - FY2024RestatedAnnual report
「In fiscal 2022, the average fuel price under the fuel cost adjustment system substantially exceeded the cap due to the impact of the surge in fuel prices attributable to the situation in Ukraine and the ongoing depreciation of the yen, and the portion above the cap could not be reflected in electricity charges. In light of this situation, the Company applied for an increase in electricity charges in the regulated segment in order to continue providing a stable supply of electricity, and implemented new charges from June 2023 following the government's review.」
The annual risk disclosure continues to cover the excess above the cap under the fuel cost adjustment system and its non-reflection in electricity charges, the price increase in the regulated segment and the revision of charges in the liberalized segment. - FY2023Cap exceedance continued and electricity charges were revisedAnnual report
「In fiscal 2022, the average fuel price under the fuel cost adjustment system substantially exceeded the cap due to the impact of the surge in fuel prices attributable to the situation in Ukraine and the ongoing depreciation of the yen, and the portion above the cap could not be reflected in electricity charges. In light of this situation, the Company applied for an increase in electricity charges in the regulated segment in order to continue providing a stable supply of electricity, and implemented new charges from June 2023 following the government's review.」
While the average fuel price exceeded the cap under the fuel cost adjustment system and the excess was not reflected in electricity charges throughout the year, the regulated segment implemented new charges from June 2023 following the application and review process, and charges in the liberalized segment were also revised. - FY2023-Q3RestatedAnnual report
「In particular, amid the pronounced impact of the surge in fuel prices attributable to the situation in Ukraine and the ongoing depreciation of the yen, the average fuel price under the fuel cost adjustment system has substantially exceeded the cap, and the portion above the cap has not been reflected in electricity charges.」
The disclosure continues to state that the average fuel price exceeds the cap under the fuel cost adjustment system and that the excess cannot be reflected in electricity charges. - FY2023-Q2WorsenedAnnual report
「The fuel cost adjustment system mitigates the impact on the performance of the Group to a certain extent, although it may not fully incorporate sharp fluctuations in fuel prices and other factors. In particular, amid the pronounced surge in fuel prices attributable to the situation in Ukraine, the average fuel price under the fuel cost adjustment system has substantially exceeded the cap, and the portion above the cap has not been reflected in electricity charges.」
The excess of the average fuel price above the cap under the fuel cost adjustment system is described more strongly than in the previous quarter, and the excess above the cap continues not to be reflected in electricity charges. - FY2023-Q1MaterialisedAnnual report
「The fuel cost adjustment system reflects fluctuations in fuel prices and foreign exchange rates in electricity charges and mitigates their impact on the performance of the Group to a certain extent, although it may not fully incorporate sharp fluctuations in fuel prices and other factors. In particular, amid the pronounced surge in fuel prices following Russia's invasion of Ukraine, the average fuel price under the fuel cost adjustment system exceeded the cap, and the portion above the cap could not be reflected in electricity charges.」
The surge in fuel prices has caused the average fuel price to exceed the cap under the fuel cost adjustment system, and the excess above the cap cannot be reflected in electricity charges. - FY2022-Q3The impact of the fuel cost adjustment system was disclosed againAnnual report
「Revenue (operating revenue) in the electric power business was ¥132.090 billion, down ¥15.802 billion from the same period of the previous year. Although electricity charges (renewable energy surcharges) and subsidies under the Renewable Energy Special Measures Act declined following the adoption of the Accounting Standard for Revenue Recognition and other standards, revenue benefited from the impact of the fuel cost adjustment system and increases in electricity sales to other companies and other factors.」
The impact of the fuel cost adjustment system, which was not explicitly mentioned in the explanation of revenue in the second-quarter report, was disclosed again in the third quarter. Revenue remained below the same period of the previous year due to the impact of multiple factors. - FY2022-Q2DroppedAnnual report
「Revenue (operating revenue) in the electric power business was ¥87.782 billion, down ¥16.714 billion from the same period of the previous year. Although electricity charges (renewable energy surcharges) and subsidies under the Renewable Energy Special Measures Act declined following the adoption of the Accounting Standard for Revenue Recognition and other standards, revenue increased from electricity sales to other companies and other factors.」
The fuel cost adjustment system, which had been cited as a factor affecting revenue through the previous quarter, was not explicitly mentioned in the explanation of revenue for the second quarter. - FY2022-Q1RestatedAnnual report
「Revenue (operating revenue) in the electric power business was ¥36.610 billion, down ¥8.142 billion from the same period of the previous year, due to decreases in electricity charges (renewable energy surcharges) and subsidies under the Renewable Energy Special Measures Act following the adoption of the Accounting Standard for Revenue Recognition and other standards, as well as the impact of the fuel cost adjustment system.」
The disclosure continues to state that, in addition to the decline in renewable energy-related items following the adoption of the revenue recognition accounting standard and other standards, the fuel cost adjustment system affects revenue in the electric power business. - FY2021-Q3RestatedAnnual report
「Revenue (operating revenue) in the electric power business was ¥147.892 billion, down ¥13.081 billion (8.1%) from the same period of the previous year due to the impact of the fuel cost adjustment system and the decrease in electricity sold.」
The disclosure continues to state that the fuel cost adjustment system and the decrease in electricity sold affect revenue in the electric power business. This time, revenue fell below the same period of the previous year due to both factors. - FY2021-Q2RestatedAnnual report
「Revenue (operating revenue) in the electric power business was ¥104.496 billion, down ¥6.535 billion (5.9%) from the same period of the previous year due to the impact of the fuel cost adjustment system and the decrease in electricity sold.」
The disclosure continues to state that the fuel cost adjustment system and the decrease in electricity sold affect revenue in the electric power business. This time, revenue fell below the same period of the previous year due to both factors. - FY2021-Q1RestatedAnnual report
「Revenue (operating revenue) in the electric power business was ¥44.752 billion, down ¥2.988 billion (6.3%) from the same period of the previous year due to the decrease in electricity sold and the impact of the fuel cost adjustment system.」
The disclosure continues to state that the decrease in electricity sold and the fuel cost adjustment system affect revenue in the electric power business. This time, revenue fell below the same period of the previous year due to both factors. - FY2020The impact of the fuel cost adjustment system was disclosed again for the full yearAnnual report
「Revenue was ¥194.471 billion, down ¥1.489 billion (0.8%) from the previous consolidated fiscal year, as the decrease in electricity sold and the impact of the fuel cost adjustment system outweighed increases in electricity sales revenue to other companies and wheeling revenue.」
The fuel cost adjustment system had disappeared from the explanation of revenue in the second-quarter report, but its impact was explicitly stated again in the explanation of full-year revenue in the electric power business. - FY2020-Q2DroppedAnnual report
「During the second quarter of the current consolidated cumulative period, revenue (operating revenue) was ¥111.032 billion, up ¥1.438 billion (1.3%) from the same period of the previous year, due to increases in electricity sales revenue to other companies and wheeling revenue in the electric power business, as well as an increase in external revenue at consolidated subsidiaries.」
The impact of the fuel cost adjustment system on revenue, which had been repeatedly disclosed previously, was not mentioned in the explanation of revenue for the current quarter. Instead, higher electricity sales revenue to other companies, wheeling revenue and external revenue at consolidated subsidiaries were cited as factors driving the increase in revenue. - FY2020-Q1Revenue declined due to a decrease in electricity soldAnnual report
「During the first quarter of the current consolidated cumulative period, revenue (operating revenue) in the electric power business was ¥47.741 billion, down ¥441 million (0.9%) from the same period of the previous year, as the decrease in electricity sold outweighed the increase attributable to the fuel cost adjustment system.」
Although the fuel cost adjustment system contributed to higher revenue, revenue in the electric power business fell below the same period of the previous year due to the decrease in electricity sold. - FY2019RestatedAnnual report
「Revenue was ¥195.960 billion, up ¥7.884 billion (4.2%) from the previous consolidated fiscal year, due to the impact of the fuel cost adjustment system despite a decrease in electricity sold.」
The disclosures also describe a full-year increase in electricity business revenue due to the impact of the fuel cost adjustment system despite a decline in electricity sales volume. - FY2019-Q3RestatedAnnual report
「Revenue (operating revenue) in the electric power business was ¥158.958 billion, up ¥6.028 billion (3.9%) from the same period of the previous year, due to the impact of the fuel cost adjustment system despite a decrease in electricity sold.」
The disclosure continues to state that revenue in the electric power business exceeded the same period of the previous year due to the impact of the fuel cost adjustment system, despite a decrease in electricity sold. - FY2019-Q2RestatedAnnual report
「Revenue (operating revenue) in the electric power business was ¥109.593 billion, up ¥4.515 billion (4.3%) from the same period of the previous year, despite a decrease in electricity sold, due to the impact of the fuel cost adjustment system.」
The disclosure continues to state that revenue in the electric power business exceeded the same period of the previous year due to the impact of the fuel cost adjustment system, despite a decrease in electricity sold. - FY2019-Q1RestatedAnnual report
「Revenue (operating revenue) in the electric power business was ¥48.183 billion, up ¥5.005 billion (11.6%) from the same period of the previous year, owing to an increase in electricity sold and the impact of the fuel cost adjustment system.」
The disclosure continues to state that, in addition to the increase in electricity sold, the fuel cost adjustment system affects revenue in the electric power business. - FY2018RestatedAnnual report
「Revenue rose by ¥15,735 million, or 9.1%, from the previous fiscal year to ¥188,075 million, despite a decrease in electricity sales volume, due to the impact of the fuel cost adjustment system.」
The disclosures also describe a full-year increase in electricity business revenue due to the impact of the fuel cost adjustment system despite a decline in electricity sales volume. - FY2018-Q3RestatedAnnual report
「In terms of operating performance, revenue rose by ¥11,632 million, or 8.5%, year on year to ¥147,735 million, despite a decrease in electricity sales volume, due to the impact of the fuel cost adjustment system.」
Even as electricity sales volume declines, electricity business revenue continues to exceed the year-earlier level due to the impact of the fuel cost adjustment system. - FY2018-Q2RestatedAnnual report
「In terms of operating performance, revenue rose by ¥8,371 million, or 9.0%, year on year to ¥101,664 million, despite a decrease in electricity sales volume, due to the impact of the fuel cost adjustment system.」
Even as electricity sales volume declines, electricity business revenue continues to exceed the year-earlier level due to the impact of the fuel cost adjustment system. - FY2018-Q1Revenue increased despite lower electricity sales volumeAnnual report
「In terms of operating performance, revenue rose by ¥1,376 million, or 3.4%, year on year to ¥41,528 million, despite a decrease in electricity sales volume, due to the impact of the fuel cost adjustment system.」
Electricity sales volume declined, but electricity business revenue exceeded the year-earlier level due to the impact of the fuel cost adjustment system. - FY2017-Q3RestatedAnnual report
「In terms of operating performance, revenue fell by ¥939 million, or 0.7%, year on year to ¥136,102 million, despite an increase in electricity sales volume, due to the impact of the fuel cost adjustment system.」
Even as electricity sales volume increases, electricity business revenue continues to fall below the year-earlier level due to the impact of the fuel cost adjustment system. - FY2017-Q2RestatedAnnual report
「In terms of operating performance, revenue fell by ¥528 million, or 0.6%, year on year to ¥93,292 million, despite an increase in electricity sales volume, due to the impact of the fuel cost adjustment system.」
Even as electricity sales volume increases, electricity business revenue continues to fall below the year-earlier level due to the impact of the fuel cost adjustment system. - FY2017-Q1First statedAnnual report
「In terms of operating performance, revenue fell by ¥433 million, or 1.1%, year on year to ¥40,152 million, despite an increase in electricity sales volume, due to the impact of the fuel cost adjustment system.」
Electricity business revenue fell below the year-earlier level due to the impact of the fuel cost adjustment system, despite an increase in electricity sales volume.