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Electric Power Development (9513) · InitiativeRestated

Spin-off of Transmission and Substation Operations and Ensuring Neutrality

First written in FY2019. 7 of 10 entries say "Restated". Latest entry: FY2024-Q3.

10entries
6years
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ProgressHeldSoftenedWorseRestatedFY2020-Q2 – FY2020-Q3AchievedFY2021-Q1RestatedFY2022-Q1 – FY2024-Q32019: 320192020: 220202021: 120212022: 320222023: 020232024: 1
Same theme, other companies
Response to the legal separation of the transmission and distribution businesses in April 2020A theme 10 companies write about · 0 as a headwind · 4 as a tailwind

7 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2024-Q3RestatedAnnual report

    「In addition, as part of its transmission business, it provides electricity wheeling services to 9 general transmission and distribution operators, excluding The Okinawa Electric Power Company,Incorporated, using transmission and transformation facilities owned by its subsidiary.」

    It has reconfirmed that, even after the legal separation of the transmission business, it continues to provide electricity wheeling services to 9 general transmission and distribution operators through transmission and transformation facilities owned by its subsidiary.
  2. FY2023-Q1RestatedAnnual report

    「Through transmission and transformation facilities owned by a subsidiary as part of our transmission business, we provide wheeling services to 9 general transmission and distribution utilities, excluding The Okinawa Electric Power Company,Incorporated.」

    Reconfirms that, even after the legal separation of the transmission business, it provides wheeling services to 9 general transmission and distribution utilities through transmission and transformation facilities owned by a subsidiary.
  3. FY2022RestatedAnnual report

    「Through transmission and transformation facilities owned by a subsidiary as part of our transmission business, we provide wheeling services to 9 general transmission and distribution utilities, excluding The Okinawa Electric Power Company,Incorporated.」

    Even after the legal separation of the transmission business, it provides wheeling services to 9 general transmission and distribution operators through facilities owned by its subsidiary.
  4. FY2022-Q3RestatedAnnual report

    「Through transmission and transformation facilities owned by a subsidiary as part of our transmission business, we provide wheeling services to 9 general transmission and distribution utilities, excluding The Okinawa Electric Power Company,Incorporated.」

    Reconfirms that, even after the legal separation of the transmission business, it provides wheeling services to 9 general transmission and distribution utilities through transmission and transformation facilities owned by a subsidiary.
  5. FY2022-Q1RestatedAnnual report

    「Through transmission and transformation facilities owned by a subsidiary as part of our transmission business, we provide wheeling services to 9 general transmission and distribution utilities, excluding The Okinawa Electric Power Company,Incorporated.」

    It has reconfirmed that, even after the legal separation of the transmission business, it continues to provide electricity wheeling services to 9 general transmission and distribution operators through transmission and transformation facilities owned by its subsidiary.
  6. FY2021-Q1AchievedAnnual report

    「To comply with the legal separation of the power transmission business stipulated in the Electricity Business Act and further ensure the neutrality of its transmission and transformation business, the Company transferred its power transmission business to 電源開発送変電ネットワーク株式会社.」

    On 1 April 2020, the transmission business was transferred through a company split to 電源開発送電事業分割準備㈱, which changed its corporate name to 電源開発送変電ネットワーク㈱ on the same date, implementing the legal separation of the transmission business.
  7. FY2020-Q3RestatedAnnual report

    「From the first quarter, the Company newly included 電源開発送電事業分割準備株式会社, established in April 2019, in the scope of consolidation.」

    The company reiterates that the preparatory company established for the legal separation of the power transmission business was included in the scope of consolidation.
  8. FY2020-Q2RestatedAnnual report

    「From the first quarter, the Company newly included 電源開発送電事業分割準備株式会社, established in April 2019, in the scope of consolidation.」

    The company reiterates that the preparatory company established for the legal separation of the power transmission business was included in the scope of consolidation.
  9. FY2020-Q1AdvancedAnnual report

    「From the first quarter of the fiscal year, the Company newly included 電源開発送電事業分割準備株式会社, established in April 2019, in the scope of consolidation.」

    The preparatory company established for the legal separation of the power transmission business was included in the scope of consolidation from the first quarter. Following approval at the shareholders' meeting of the successor company on 24 May 2019, procedures are proceeding toward implementation of the absorption-type company split on 1 April 2020.
  10. FY2019First statedAnnual report

    「To comply with the legal separation of the power transmission business stipulated in the Electricity Business Act and further ensure the neutrality of its transmission and transformation business, the Company established on 1 April 2019 the wholly owned company "電源開発送電事業分割準備株式会社" as a preparatory company for separating the transmission and transformation business into a separate company. The Company has now entered into an absorption-type company split agreement, with 1 April 2020 scheduled as the effective date, to transfer its power transmission business to that company.」

    To comply with the legal separation of the power transmission business, the company established a wholly owned preparatory company in April 2019 and entered into an absorption-type company split agreement with 1 April 2020 as the effective date.
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Electric Power Development's next results are scheduled for 2026-10-30. Read the earnings preview
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Spin-off of Transmission and Substation Operations and Ensuring Neutrality | Electric Power Development Co.,Ltd. (9513) | Komori