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Ef-On (9514) · RiskRestated

Risk of unstable quality in woody biomass fuel

First written in FY2016. 17 of 21 entries say "Restated". Latest entry: FY2024-Q3.

21entries
9years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2021-Q3RestatedFY2023-Q1 – FY2024-Q32016: 22017: 220172018: 320182019: 320192020: 220202021: 320212022: 320222023: 120232024: 22024
Same theme, other companies
Quality Instability in Woody Biomass FuelA theme 2 companies write about · 2 as a headwind · 0 as a tailwind

1 other company's 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

    「Regarding costs, the quality of wood-chip fuel produced from logs in distribution has remained poorer than before because of its higher moisture content, and the volume and cost of fuel procured at each power plant continued to increase.」

    High moisture content in wood chips has persisted, and the volume and cost of fuel procurement have continued to increase.
  2. FY2024-Q2RestatedAnnual report

    「Regarding costs, the quality of wood-chip fuel produced from logs in distribution has remained poorer than before because of its higher moisture content, and the volume and cost of fuel procured at each power plant continued to increase.」

    High moisture content in wood chips has persisted, and the volume and cost of fuel procurement have continued to increase.
  3. FY2024-Q1RestatedAnnual report

    「Regarding costs, the company has actively procured wood-chip fuel against a backdrop of surging timber prices, but was unable to obtain high-quality fuel, and the volume and cost of fuel procured at each power plant continued to increase.」

    Continues to describe the situation in which insufficient access to high-quality fuel has increased the volume and cost of fuel procured at each power plant.
  4. FY2023-Q1RestatedAnnual report

    「Against a backdrop of surging timber prices, the company has actively procured wood-chip fuel, but was unable to obtain high-quality fuel, resulting in higher fuel procurement costs.」

    Continues to describe the fuel quality problem of higher procurement costs caused by insufficient access to high-quality fuel.
  5. FY2022MaterialisedAnnual report

    「Surging timber prices tightened supply and demand, shortening the period during which materials remained in distribution from log harvesting through product processing. As a result, the moisture content of the materials did not decline, which increased fuel consumption and is believed to have contributed to lower earnings.」

    Regarding fuel quality issues, states that material moisture content did not decline, increasing fuel consumption and contributing to lower earnings.
  6. FY2022-Q2MaterialisedAnnual report

    「To maintain the proactive procurement of wood-chip fuel, we promoted the procurement of adequate-quality fuel, including from remote areas, which resulted in higher fuel procurement costs.」

    Although the company sought to secure high-quality fuel, active procurement, including procurement from distant locations, actually resulted in higher fuel procurement costs.
  7. FY2022-Q1MaterialisedAnnual report

    「Against a backdrop of surging timber prices, the company actively procured wood-chip fuel, but was unable to secure high-quality fuel, resulting in higher fuel procurement costs.」

    States that despite efforts to procure fuel actively, the company was unable to secure high-quality fuel, and the resulting fuel quality problem actually appeared as higher procurement costs.
  8. 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 instability in woody biomass fuel quality.
  9. 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 instability in woody biomass fuel quality.
  10. 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 instability in woody biomass fuel quality.
  11. 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 instability in woody biomass fuel quality.
  12. 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 instability in woody biomass fuel quality.
  13. 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 instability in woody biomass fuel quality.
  14. 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 instability in woody biomass fuel quality.
  15. FY2018RestatedAnnual report

    「If fuel is below the expected specifications or contains foreign matter, the power generation facilities may be damaged, potentially affecting the Group's results.」

    Continues to describe the risk of equipment damage caused by woody biomass fuel failing to meet specifications or being contaminated with foreign matter.
  16. 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 instability in woody biomass fuel quality.
  17. 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 instability in woody biomass fuel quality.
  18. 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 instability in woody biomass fuel quality.
  19. 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 instability in woody biomass fuel quality.
  20. 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 woody biomass fuel quality risk.
  21. FY2016First statedAnnual report

    「If fuel is below the expected specifications or contains foreign matter, the power generation facilities may be damaged, potentially affecting the Group's results.」

    The Company identifies not only fuel availability but also compliance with specifications and contamination by foreign matter as risks.
Moved together

"Risk of supply disruption and price increases for wood biomass fuel" moved the same way as this thread, in the same document, in 3 of its 21 moves.

333333★123456
  1. ★This thread
  2. 1Risk of supply disruption and price increases for wood biomass fuel3×
  3. 2Risk to the stable operation of power-generation facilities3×
  4. 3Dependence on Interest-Bearing Debt and Interest-Rate Risk3×
  5. 4Substantial growth in consolidated revenue and earnings led by the power-generation business3×
  6. 5Political instability in the United States and Europe and geopolitical risks in East Asia3×
  7. 6Risk of fluctuations in material and labor costs in maintenance cost estimates3×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Ef-On's next results are scheduled for 2026-11-05. Read the earnings preview
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Risk of unstable quality in woody biomass fuel | EF-ON INC. (9514) | Komori