Risks of schedule delays and higher construction costs at the Oma Nuclear Power Plant
First written in FY2016. 14 of 23 entries say "Restated". Latest entry: FY2026.
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- FY2026WorsenedAnnual report
「We have set a target of beginning as soon as possible the additional safety enhancement construction compiled in the above application and completing it in the latter half of 2029, but in light of the status of the Nuclear Regulation Authority's review and additional measures required under the new regulatory standards, achieving the target is difficult. …Construction costs could increase further.」
It is explicitly stated that achieving the target schedule for the Oma Nuclear Power Station is difficult, and the possibility of further increases in construction costs following a detailed review of the schedule is also indicated. - 2026-03-31OtherOccurring Fact
「For the construction project for the Oma Nuclear Power Station, which we are undertaking, we decided to dispose of some instrumentation and control equipment in order to ensure its quality and reliability. As a result, we expect to record an approximately ¥18.5 billion loss on disposal of fixed assets.」
The expected recognition of an approximately ¥18.5 billion loss on disposal of fixed assets was disclosed in connection with the construction project for the Oma Nuclear Power Station. The disclosure does not mention an extension of the construction schedule or an increase in construction costs themselves. - FY2026-H1RestatedAnnual report
「During the current interim consolidated accounting period, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, business performance or cash flows of the Group, or in the business and other risks described in the annual securities report for the previous fiscal year, among the matters concerning the business situation, financial position and other matters described in this interim securities report.」
It is stated that there has been no material change in the risks of schedule delays and higher construction costs at the Oma Nuclear Power Station. - FY2025-H1WorsenedAnnual report
「We are working across the entire company to begin as soon as possible the additional safety enhancement construction compiled in the above application and complete it in the latter half of 2029. However, as the operator, we cannot form a definitive outlook on the progress of the conformity review, and the situation remains such that we cannot make assumptions about when the construction will be completed.」
Although the target completion date for the construction is the latter half of 2029, the disclosure adds that no definitive outlook can be formed on the progress of the conformity review or the construction completion date, highlighting the schedule risk. - FY2024RestatedAnnual report
「As the operator, we cannot make assumptions about the progress of the conformity review, but we aim to begin the additional safety enhancement construction compiled in the above application in the latter half of 2024 and complete it in the latter half of 2029. However, the schedule could be extended due to changes in the circumstances surrounding the nuclear power business, the status of the Nuclear Regulation Authority's review, additional measures required under the new regulatory standards and other factors.」
The target start and completion dates for the additional safety enhancement construction, the latter half of 2024 and the latter half of 2029, respectively, and the risk of schedule delays due to the review and other factors are disclosed at the same level as previously. - FY2024-Q3RestatedAnnual report
「There were no material changes in business or other risks during the cumulative third quarter of the current consolidated fiscal year.」
It is stated that there has been no material change in the risks of schedule delays and higher construction costs at the Oma Nuclear Power Station. - FY2024-Q1RestatedAnnual report
「There were no material changes in business or other risks during the cumulative first quarter of the current consolidated fiscal year.」
It is stated that there has been no material change in the risks of schedule delays and higher construction costs at the Oma Nuclear Power Station. - FY2023-Q2WorsenedAnnual report
「As the operator, we cannot make assumptions about the progress of the conformity review, but we aim to begin the additional safety enhancement construction compiled in the above application in the latter half of 2024 and complete it in the latter half of 2029. However, the schedule could be extended due to changes in the circumstances surrounding the nuclear power business, the status of the Nuclear Regulation Authority's review, additional measures required under the new regulatory standards and other factors. In such cases, construction costs could increase and additional related costs could be incurred. With respect to the safety enhancement construction, we are considering implementing further measures, taking into account the content and scale of safety enhancements at reactors of the same type that passed the conformity review earlier. Accordingly, we expect a corresponding increase in the approximately ¥130 billion construction cost outlook stated in the application dated 16 December 2014.」
The target start and completion dates for the additional safety enhancement construction were pushed back to the latter half of 2024 and the latter half of 2029, respectively. It is also stated that a corresponding increase is expected in the construction cost outlook previously set at approximately ¥130 billion. - FY2023-Q1RestatedAnnual report
「There were no material changes in business or other risks during the cumulative first quarter of the current consolidated fiscal year.」
It is stated that there has been no material change in the risks of schedule delays and higher construction costs at the Oma Nuclear Power Station. - FY2022WorsenedAnnual report
「With respect to the safety enhancement construction, we are considering implementing further measures, taking into account the content and scale of safety enhancements at reactors of the same type that passed the conformity review earlier. Accordingly, we expect a corresponding increase in the approximately ¥130 billion construction cost outlook stated in the application dated 16 December 2014.」
It is stated that a corresponding increase is expected in the previous construction cost outlook of approximately ¥130 billion as further measures are considered, making the risk of higher construction costs more concrete. - FY2022-Q3RestatedAnnual report
「There were no material changes in business or other risks during the cumulative third quarter of the current consolidated fiscal year.」
It is stated that there has been no material change in the risks of schedule delays and higher construction costs at the Oma Nuclear Power Station. - FY2022-Q1RestatedAnnual report
「There were no material changes in business or other risks during the cumulative first quarter of the current consolidated fiscal year.」
It is stated that there has been no material change in the risks of schedule delays and higher construction costs at the Oma Nuclear Power Station. - FY2021-Q3RestatedAnnual report
「We project construction costs of approximately ¥130 billion for the additional work. Going forward, we will respond sincerely and appropriately to the Nuclear Regulation Authority's conformity review and steadily implement the necessary safety measures, working across the entire company to develop a safe power station. As the operator, we cannot make assumptions about the progress of the conformity review, but we aim to begin additional safety enhancement construction in the latter half of 2022 and complete it in the latter half of 2027. However, the schedule could be extended due to changes in the circumstances surrounding the nuclear power business, the status of the Nuclear Regulation Authority's review, additional measures required under the new regulatory standards and other factors. In such cases, construction costs could increase and additional related costs could be incurred.」
The projected construction cost of approximately ¥130 billion for the additional safety enhancement construction, the target start and completion dates in the latter half of 2022 and the latter half of 2027, respectively, and the risks of schedule delays and higher construction costs due to the review and other factors continue to be disclosed. - FY2021-Q2WorsenedAnnual report
「As the operator, we cannot make assumptions about the progress of the conformity review, but we aim to begin additional safety enhancement construction in the latter half of 2022 and complete it in the latter half of 2027. However, the schedule could be extended due to changes in the circumstances surrounding the nuclear power business, the status of the Nuclear Regulation Authority's review, additional measures required under the new regulatory standards and other factors. In such cases, construction costs could increase and additional related costs could be incurred.」
The target timing for the additional safety enhancement construction at the Oma Nuclear Power Station was pushed back to a start in the latter half of 2022 and completion in the latter half of 2027, and the risks of schedule delays and higher construction and related costs continue to be disclosed. - FY2021-Q1RestatedAnnual report
「There were no material changes in business or other risks during the cumulative first quarter of the current consolidated fiscal year.」
It is stated that there has been no material change in the risks of schedule delays and higher construction costs at the Oma Nuclear Power Station. - FY2020-Q3RestatedAnnual report
「There were no material changes in business or other risks during the cumulative third quarter of the current consolidated fiscal year.」
It is stated that there has been no material change in the risks of schedule delays and higher construction costs at the Oma Nuclear Power Station. - FY2019RestatedAnnual report
「As the operator, we cannot make assumptions about the progress of the conformity review, but we aim to begin additional safety enhancement construction in the latter half of 2020 and complete it in the latter half of 2025. However, the schedule could be extended due to changes in the circumstances surrounding the nuclear power business, the status of the Nuclear Regulation Authority's review, additional measures required under the new regulatory standards and other factors. In such cases, construction costs could increase and additional related costs could be incurred.」
The target start and completion dates for the additional safety enhancement construction, the latter half of 2020 and the latter half of 2025, respectively, are reaffirmed, along with the risks of schedule delays and higher construction and related costs due to the review and additional measures. - FY2019-Q3RestatedAnnual report
「However, the schedule could be extended due to changes in the circumstances surrounding the nuclear power business, the status of the Nuclear Regulation Authority's review, additional measures required under the new regulatory standards and other factors. In such cases, construction costs could increase and additional related costs could be incurred.」
The risks of schedule delays and higher construction and related costs at the Oma Nuclear Power Station due to the review and additional safety measures continue to be disclosed. - FY2019-Q2WorsenedAnnual report
「As the operator, we cannot make assumptions about the progress of the conformity review, but we aim to begin additional safety enhancement construction in the latter half of 2020 and complete it in the latter half of 2025. However, the schedule could be extended due to changes in the circumstances surrounding the nuclear power business, the status of the Nuclear Regulation Authority's review, additional measures required under the new regulatory standards and other factors. In such cases, construction costs could increase and additional related costs could be incurred.」
The target timing for the additional safety enhancement construction was pushed back, and the risks of schedule delays and higher construction and related costs continue to be disclosed. - FY2017RestatedAnnual report
「As the operator, we cannot make assumptions about the progress of the conformity review, but we aim to begin additional safety enhancement construction in the latter half of 2018 and complete it in the latter half of 2023. However, the schedule could be extended due to changes in the circumstances surrounding the nuclear power business, the status of the Nuclear Regulation Authority's review, additional measures required under the new regulatory standards and other factors. In such cases, construction costs could increase further and related costs could be incurred.」
The target start and completion dates for the additional safety enhancement construction, together with the risks of schedule delays and higher construction costs due to the review and additional measures, are reiterated without change. - FY2017-Q3RestatedAnnual report
「However, the schedule could be extended due to changes in the circumstances surrounding the nuclear power business, the status of the Nuclear Regulation Authority's review, additional measures required under the new regulatory standards and other factors. In such cases, construction costs could increase further and related costs could be incurred.」
The risks of schedule delays and higher construction costs at the Oma Nuclear Power Station due to the review and additional safety measures continue to be disclosed. - FY2017-Q2WorsenedAnnual report
「However, the schedule could be extended due to changes in the circumstances surrounding the nuclear power business, the status of the Nuclear Regulation Authority's review, additional measures required under the new regulatory standards and other factors. In such cases, construction costs could increase further and related costs could be incurred.」
The target timing for the additional safety measures construction was pushed back, and the potential for schedule delays and higher construction costs due to the review and additional measures continues to be disclosed. - FY2016First statedAnnual report
「As the operator, we cannot make assumptions about the progress of the conformity review, but we aim to begin additional safety enhancement construction in November 2016 and complete it in December 2021. However, the schedule could be extended due to changes in the circumstances surrounding the nuclear power business, the status of the Nuclear Regulation Authority's review, additional measures required under the new regulatory standards and other factors. In such cases, construction costs could increase further and related costs could be incurred.」
Construction costs of approximately ¥130 billion are projected for additional safety measures, with schedule delays and higher construction costs identified as risks.