Risks to Monetization and Business Continuity of New Businesses in Japan and Overseas
First written in FY2016. 10 of 17 entries say "Restated". Latest entry: FY2026.
Electric Power Development moved to the "Worse" side of this theme in 2019, 3 years before the typical company in this theme (2022).
The whole theme swung hardest in 2018: 3 of 6 companies on the "Worse" side.
5 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Profit attributable to owners of the parent, in addition to the recording of impairment losses on renewable energy generation facilities in Australia and the Takasago Thermal Power Station, among other assets,」
The risk relating to new businesses and business continuity materialized as impairment losses of ¥32.988 billion, including ¥23.235 billion relating to renewable energy facilities in Australia associated with GENEX. - 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 states that there were no material changes in the risks relating to the monetization and continuity of new businesses in Japan and overseas. - FY2024RestatedAnnual report
「However, these businesses may fail to generate the level of earnings expected by the Company due to unforeseen events, including major changes in circumstances, changes in demand or market conditions, and changes in regulations. If these circumstances result in changes to business plans or the cancellation of businesses or construction projects, the resulting costs and additional funding contributions could also adversely affect the Company's financial position and business performance.」
It reconfirms the risks of failing to achieve expected earnings, changing or cancelling plans, and incurring related costs or making additional funding contributions for new businesses in Japan and overseas. - 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 states that there were no material changes in the risks relating to the monetization and continuity of new businesses in Japan and overseas. - 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 states that there were no material changes in the risks relating to the monetization and continuity of new businesses in Japan and overseas. - 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 states that there were no material changes in the risks relating to the monetization and continuity of new businesses in Japan and overseas. - FY2022RestatedAnnual report
「However, these businesses may fail to generate the level of earnings expected by the Company due to unforeseen events, including major changes in circumstances, changes in demand or market conditions, and changes in regulations. If these circumstances result in changes to business plans or the cancellation of businesses or construction projects, the resulting costs and additional funding contributions could also adversely affect the Company's financial position and business performance.」
It reconfirms the risks of failing to achieve expected earnings, changing or cancelling plans, and making additional funding contributions for new businesses, including overseas power generation, high-efficiency coal-fired power generation, renewable energy and electricity retailing. - FY2022-Q3MaterialisedAnnual report
「When JEPX prices surge, as they did in January 2021, the Company's sales revenue through JEPX rises sharply, while JPST incurs a sharp increase in electricity procurement costs through JEPX and faces a funding shortfall, making it difficult to continue operations without financial support from the Company. The purpose of the absorption-type merger of JPST by the Company, with the Company directly undertaking the retail business, is to strengthen coordination between the generation and sales functions and improve agility and governance.」
It states that the surge in JEPX prices in January 2021 caused JPST's electricity procurement costs to rise sharply, making it difficult for JPST to continue operations without financial support. - 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 states that there were no material changes in the risks relating to the monetization and continuity of new businesses in Japan and overseas. - 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 states that there were no material changes in the risks relating to the monetization and continuity of new businesses in Japan and overseas. - FY2020-Q3MaterialisedAnnual report
「As a result, ordinary profit decreased by 8.7% from the cumulative third quarter of the previous consolidated fiscal year to ¥66.9 billion. In addition, as the Company recorded an extraordinary loss consisting of a loss on businesses of affiliated companies equivalent to the impairment loss relating to the business of its equity-method affiliate Birchwood Power Partners, L.P., among other factors, profit attributable to owners of the parent decreased by 25.1% from the cumulative third quarter of the previous consolidated fiscal year to ¥38.7 billion.」
A loss on businesses of affiliated companies of ¥8.974 billion was recorded as the impairment loss relating to the business of Birchwood Power Partners, L.P., and profit attributable to owners of the parent decreased by 25.1% year on year. - FY2020-Q2MaterialisedAnnual report
「As the Company recorded an extraordinary loss consisting of a loss on businesses of affiliated companies equivalent to the impairment loss relating to the business of its equity-method affiliate Birchwood Power Partners, L.P., among other factors, profit attributable to owners of the parent decreased by 9.4% from the cumulative second quarter of the previous consolidated fiscal year to ¥28.2 billion.」
A loss on businesses of affiliated companies of ¥8.964 billion was recorded as an extraordinary loss, representing the impairment loss relating to the business of Birchwood Power Partners, L.P. The risk relating to the monetization and continuity of new businesses materialized as an actual loss in the form of an impairment loss. - FY2019RestatedAnnual report
「However, these businesses may fail to generate the level of earnings expected by the Company due to unforeseen events, including major changes in circumstances, changes in demand or market conditions, and changes in regulations. If these circumstances result in changes to business plans or the cancellation of businesses or construction projects, the resulting costs and additional funding contributions could also adversely affect the Company's business performance. In addition, some of these businesses are operated as joint ventures with third parties. If changes in the business environment lead to a review of the joint-venture structure, or if the Company is unable to participate in management control because it remains a minority interest holder, the results of the joint venture may not make a beneficial contribution to the Company's business performance.」
It continues to identify, for new businesses in Japan and overseas, the risks of failing to achieve expected earnings, changing or cancelling plans, making additional funding contributions and being unable to exercise control over joint ventures. - FY2017RestatedAnnual report
「However, these businesses may fail to generate the level of earnings expected by the Company due to unforeseen events, including major changes in circumstances, changes in demand or market conditions, and changes in regulations. If these circumstances result in changes to business plans or the cancellation of businesses or construction projects, the resulting costs and additional funding contributions could also adversely affect the Company's business performance.」
It continues to identify risks relating to the monetization, modification or cancellation of plans, and additional funding contributions for new businesses, including overseas IPP operations, high-efficiency coal-fired power generation and renewable energy. - FY2016First statedAnnual report
「However, these businesses may fail to generate the level of earnings expected by the Company due to unforeseen events, including major changes in circumstances, changes in demand or market conditions, and changes in regulations.」
For overseas IPP operations, high-efficiency coal-fired power generation, wind, geothermal and waste-to-energy generation, it identifies changes in demand, markets, regulations and joint-venture structures as risks.