Risk of fluctuations in FIT gross margins due to wood biomass fuel mix
First written in FY2018. 8 of 14 entries say "Restated". Latest entry: FY2026-H1.
No other company in this theme has enough history to compare yet.
- FY2026-H1RestatedAnnual report
「Regarding fuel, the proportion of unused wood chips increased at the エフオン Shirakawa Power Plant and the エフオン Shingu Power Plant, while the proportion of unused wood chips declined and that of general wood chips increased at the other power plants. At the power plants where the use of unused wood chips declined, the unit price of electricity sold deteriorated slightly, but overall performance remained relatively steady.」
Regarding fluctuations in the unit price of electricity sold and profitability arising from the fuel mix, it states that the use of unused wood chips fluctuated by power plant and that the unit price of electricity sold deteriorated slightly at some plants, although overall performance was relatively steady. - FY2025MitigatedAnnual report
「Meanwhile, the high levels of wood-chip fuel procurement and costs continued, but procurement of unused wood improved at some power plants compared with the previous fiscal year, contributing to improved profitability.」
Regarding the risk to the unit price of electricity sold and profitability arising from the fuel mix, it states that fuel procurement volumes and costs remained high, while improved procurement of unused wood at some power plants contributed to improved profitability. - FY2025-H1MitigatedAnnual report
「During the current interim consolidated accounting period, the proportion of unused wood in fuel used at the group's power plants other than EF-ON Shingu improved year on year, increasing revenue. In addition, fuel, maintenance and other costs returned to normal levels, resulting in higher profit as these factors offset EF-ON Shingu's weak performance.」
Regarding the risk to the unit price of electricity sold and profitability arising from the fuel mix, it states that the proportion of unused wood improved at all power plants except the Shingu Power Plant, contributing to higher revenue and profit. - FY2023-Q3ReframedAnnual report
「During the current quarterly consolidated accounting period, our group's EF-ON Shirakawa power plant transitioned to the FIP scheme (Feed-in Premium). Performance under the FIP scheme during the period exceeded the projected revenue under the previous FIT scheme.」
Regarding the risk of fluctuations in the unit price of electricity sold and profit margins arising from the FIT fuel mix, it states that the revenue framework for the Shirakawa Power Plant changed to FIP and that performance under FIP exceeded the previously assumed revenue under FIT. - 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.」
It concludes that there have been no material changes regarding the risk of fluctuations in FIT gross profit margin due to woody biomass fuel composition. - FY2022-Q1MaterialisedAnnual report
「The company focused on proactively procuring fuel, causing the wood-chip fuel mix at each power generation operation to diverge from assumptions and resulting in performance below expectations.」
It states that the fuel allocation diverged from assumptions, resulting in revenue below expectations. - 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.」
It concludes that there have been no material changes in the risk of fluctuations in the FIT gross margin on revenue due to the wood biomass fuel mix. - 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.」
It concludes that there have been no material changes regarding the risk of fluctuations in FIT gross profit margin due to woody biomass fuel composition. - 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.」
It concludes that there have been no material changes regarding the risk of fluctuations in FIT gross profit margin due to woody biomass fuel composition. - FY2020-Q2RestatedAnnual report
「Although revenue did not increase substantially because existing power plants were working to reduce fuel consumption and increased their use of recycled wood, revenue increased year on year due to the trial operation of the エフオン壬生 plant.」
It states that, although continuing the fuel mix that increases the proportion of recycled wood did not result in a substantial increase in revenue, revenue rose year on year due to the trial operation of 壬生. The existing description of the trade-off between the fuel mix and the unit price of electricity sold and profitability has been retained. - FY2020-Q1MaterialisedAnnual report
「The company had changed to a procurement approach centered on relatively dry recycled wood, which resulted in a decline in the unit price of electricity sold.」
It states that increased use of recycled wood due to changes in the fuel procurement mix actually pushed down the unit price of electricity sold. - 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.」
It concludes that there have been no material changes regarding the risk of fluctuations in FIT gross profit margin due to woody biomass fuel composition. - 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.」
It concludes that there have been no material changes regarding the risk of fluctuations in FIT gross profit margin due to woody biomass fuel composition. - FY2018First statedAnnual report
「For wood biomass generation under FIT, the electricity selling price varies according to the mix of unused wood, general-use wood and recycled wood. Because these factors are based on natural-source fuels and therefore fluctuate constantly, the gross margin for a particular period may vary.」
The Company newly discloses the risk that the fuel mix, calorific value, moisture content and purchase volume of unused wood, general-use wood and recycled wood may cause the electricity selling price and period-specific gross margin to fluctuate.