Capital investment recovery risk under shared savings agreements
First written in FY2016. 14 of 15 entries say "Restated". Latest entry: FY2023-Q1.
No other company in this theme has enough history to compare yet.
- FY2023-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
Concludes that there have been no material changes regarding the risk of recovering capital investment under shared-savings contracts. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
Concludes that there have been no material changes regarding the risk of recovering capital investment under shared-savings contracts. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
Concludes that there have been no material changes regarding the risk of recovering capital investment under shared-savings contracts. - FY2021-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
Concludes that there have been no material changes regarding the risk of recovering capital investment under shared-savings contracts. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
Concludes that there have been no material changes regarding the risk of recovering capital investment under shared-savings contracts. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
Concludes that there have been no material changes regarding the risk of recovering capital investment under shared-savings contracts. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
Concludes that there have been no material changes regarding the risk of recovering capital investment under shared-savings contracts. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
Concludes that there have been no material changes regarding the risk of recovering capital investment under shared-savings contracts. - FY2018RestatedAnnual report
「Under a shared-savings contract, the ESCO operator invests in energy-saving equipment on behalf of the customer, and the customer and the ESCO operator share the resulting cost savings generated by the installation of the equipment.」
Continues to describe the risk of recovering capital investment due to customer credit risk under shared-savings contracts, as well as mitigation through non-recourse financing. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
Concludes that there have been no material changes regarding the risk of recovering capital investment under shared-savings contracts. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
Concludes that there have been no material changes regarding the risk of recovering capital investment under shared-savings contracts. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
Concludes that there have been no material changes regarding the risk of recovering capital investment under shared-savings contracts. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
Concludes that there have been no material changes regarding the risk of recovering capital investment under shared-savings contracts. - FY2017-Q1RestatedAnnual report
「There have been no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
Concludes that there have been no material changes regarding recovery risk under shared-savings contracts. - FY2016First statedAnnual report
「Because an ESCO operator makes the capital investment in energy-efficiency equipment on behalf of the customer under a shared-savings contract, the contract inherently contains a risk that the investment may not be recovered because of the customer's creditworthiness.」
Except for some small projects, the Company seeks to mitigate this risk through non-recourse financing, under which financial institutions bear the recovery risk.