Impact of COVID-19 on electricity demand and the supply chain
First written in FY2020. 4 of 13 entries say "Restated". Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024MitigatedAnnual report
「In fiscal 2023, the Okinawa prefectural economy expanded moderately as increased movement of people drove higher demand, resulting in a marked recovery in personal consumption-related and tourism-related activity.」
Personal consumption and tourism-related activity recovered as the movement of people returned to normal, continuing the trend of a weakening impact of COVID-19 on demand. - FY2024-Q1MitigatedAnnual report
「Although demand from industrial users, including the steel industry, declined, electricity demand was roughly unchanged from the same period of the previous year due to increased demand resulting from recovery from the impact of COVID-19 and other factors.」
An increase in demand resulting from recovery from the impact of COVID-19 was reported, and the trend of a weakening impact of COVID-19 on electricity demand has continued. - FY2023MitigatedAnnual report
「In fiscal 2022, the Okinawa prefectural economy showed signs of recovery as demand in tourism-related activity and personal consumption recovered while economic activity became more active amid the continued absence of restrictions on movement.」
Tourism and personal consumption recovered in the absence of restrictions on activities, and the full-year trend indicated that the impact of COVID-19 on demand had weakened from the previous fiscal year. - FY2023-Q3RestatedAnnual report
「Electricity demand exceeded the level of the same period of the previous year due to increased demand resulting from the weakening impact of COVID-19 and other factors.」
The company has continued to report that the impact of COVID-19 on electricity demand weakened and electricity sales volume exceeded the level of the same period of the previous year. - FY2023-Q2MitigatedAnnual report
「Electricity demand exceeded the level of the same period of the previous year, driven by increased demand resulting from the weakening impact of COVID-19 and other factors.」
The impact of COVID-19 on electricity demand weakened, and electricity sales volume exceeded the level of the same period of the previous year. Meanwhile, the impact of COVID-19 on Okinawa Prefecture's economy continues to be reported. - FY2023-Q1RestatedAnnual report
「Although electricity demand increased as the impact of COVID-19 weakened, demand was below the level of the same period of the previous year because temperatures remained lower than in the previous year and demand declined as a result of switching contracts to other providers.」
Although the impact of COVID-19 on electricity demand weakened, demand declined due to temperatures and contract switching, and electricity sales volume was below the level of the same period of the previous year. The impact of COVID-19 on Okinawa Prefecture's economy continues. - FY2022-Q3RestatedAnnual report
「The Okinawa prefectural economy remained in a difficult situation during the nine months ended 31 December of the current consolidated fiscal year due to the impact of COVID-19, but signs of recovery were seen in personal consumption and tourism-related activity, while public investment in the construction-related sector increased moderately.」
Although the impact of COVID-19 on Okinawa Prefecture's economy has continued, a recovery in personal consumption and tourism-related activity and an increase in public investment related to construction were reported, maintaining the assessment from the previous quarter. - FY2022-Q2The impact of COVID-19 on electricity demand is weakening, while the economic impact continuesAnnual report
「Although electricity demand declined from the previous year due to switching contracts to other providers and the impact of temperatures, it was roughly unchanged from the same period of the previous year because of increased demand resulting from the weakening impact of COVID-19 and other factors.」
The impact of COVID-19 on electricity demand was reported to have weakened from the previous year, but personal consumption and tourism-related activity in Okinawa Prefecture continue to be affected. - FY2022-Q1The impact of COVID-19 on electricity demand is weakening, while the economic impact continuesAnnual report
「Electricity demand exceeded the level of the same period of the previous year, driven by the weakening impact of COVID-19 compared with the previous year and increased demand resulting from higher temperatures.」
The impact of COVID-19 on electricity demand was reported to have weakened from the previous year. Meanwhile, personal consumption and tourism-related activity in Okinawa Prefecture continue to be affected. - FY2021-Q3RestatedAnnual report
「Although the Okinawa prefectural economy was significantly affected by COVID-19 in personal consumption, tourism-related activity, and employment and income conditions during the nine months ended 31 December of the current consolidated fiscal year, public investment remained resilient in the construction-related sector and some recovery was seen in tourism-related activity, indicating signs of recovery despite the difficult conditions.」
Although the impact of COVID-19 on personal consumption, tourism-related activity, employment and income has continued, signs of recovery amid the challenging conditions, including a partial recovery in tourism-related activity, were also reported. - FY2021-Q2MaterialisedAnnual report
「The Okinawa prefectural economy remained in a difficult situation during the six months ended 30 September of the current consolidated fiscal year. Although public investment in the construction-related sector remained resilient, personal consumption and tourism-related activity were significantly affected by COVID-19.」
The impact of COVID-19 on personal consumption and tourism-related activity continued in the second quarter, while electricity demand also declined as a result of the spread of the virus. - FY2021-Q1MaterialisedAnnual report
「The Okinawa prefectural economy remained in a difficult situation during the three months ended 30 June of the current consolidated fiscal year. Although public investment in the construction-related sector remained resilient, personal consumption and tourism-related activity were significantly affected by COVID-19.」
The impact of COVID-19 on personal consumption and tourism-related activity has continued, and electricity sales volume was below the level of the same period of the previous year due to the impact of the spread of the virus. - FY2020First statedAnnual report
「As COVID-19 continues to spread worldwide, the outlook has become uncertain, with economic activity slowing and personal consumption declining as people refrain from going out. Following the government's declaration of a state of emergency, calls for people nationwide to refrain from travel and other activities have increased. In Okinawa Prefecture, the deterioration of the prefectural economy has also become apparent, as inbound tourism has declined and hotels, commercial facilities and other businesses have suspended operations.」
In light of the increasingly apparent deterioration of Okinawa Prefecture's economy due to COVID-19, the potential impacts on electricity demand, procurement of materials and equipment, and facility maintenance and inspections if the situation is prolonged are identified as new risks.