Risk of fluctuations in material and labor costs in maintenance cost estimates
First written in FY2021. 14 of 19 entries say "Worsened", first in FY2022-Q1. Latest entry: FY2026.
Ef-On moved to the "Worse" side of this theme in 2021.
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Maintenance at エフオン日田 after two consecutive years of operation was more costly than usual, while expenses also increased at other power plants because of higher material and labor costs compared with the previous fiscal year.」
Regarding estimation and price fluctuation risks for maintenance costs, it states that maintenance costs at the Hita Power Plant were higher than usual and that material and labor costs also increased at other power plants. - FY2026-H1WorsenedAnnual report
「In addition, maintenance following 2 consecutive years of operation was more costly than usual, while costs at other power plants also increased from the previous period, putting pressure on earnings for the interim consolidated accounting period.」
Regarding estimation and price fluctuation risks for maintenance costs, it states that maintenance after 2 consecutive years of operation was more costly than usual and that costs at other power plants also increased year on year, putting pressure on earnings. - FY2025MitigatedAnnual report
「Efuon Hita Power Plant operated for 2 consecutive years, substantially reducing the maintenance cost burden for the Group as a whole.」
Regarding estimation and price fluctuation risks for maintenance costs, it states that operating the Hita Power Plant for 2 consecutive years substantially reduced the Group-wide maintenance cost burden. - FY2025-H1WorsenedAnnual report
「Maintenance cost provision 500 608」
The maintenance cost provision increased from ¥500 million at the end of the previous fiscal year to ¥608 million at the end of the interim period, expanding the estimated future maintenance cost burden. - FY2024-Q3WorsenedAnnual report
「In addition, the costs associated with scheduled maintenance have increased from typical levels due to higher prices for materials and labor, as well as an increase in the number of facilities requiring maintenance.」
It states that the burden of scheduled maintenance costs increased from typical levels due to higher material and labor prices and an increase in the number of facilities subject to maintenance. - FY2024-Q2WorsenedAnnual report
「In addition, the maintenance costs reasonably estimated at each power plant in preparation for future scheduled maintenance were expected to be higher than in typical years, increasing the costs to be borne in the quarter. Costs related to routine maintenance and ash treatment also increased, resulting in earnings falling well below the previous year.」
It states that future scheduled maintenance costs were expected to increase from typical levels, while quarterly costs and routine maintenance and ash treatment costs also rose, putting pressure on earnings. - FY2024-Q1WorsenedAnnual report
「Maintenance cost provision 560 741」
The maintenance cost provision increased from ¥560 million at the end of the previous fiscal year to ¥741 million at the end of the first quarter, expanding the estimated future maintenance cost burden. - FY2023-Q3WorsenedAnnual report
「Maintenance cost provision 418 598」
The maintenance cost provision increased from ¥418 million at the end of the previous fiscal year to ¥598 million, expanding the estimated future maintenance cost burden, including fluctuations in material and labor costs. - FY2023-Q2MitigatedAnnual report
「Maintenance cost provision 418 497」
The maintenance cost provision decreased from ¥594 million at the end of the previous quarter to ¥497 million. However, it remained above the ¥418 million recorded at the end of the previous fiscal year, leaving the estimate of the future cost burden at a higher level than at the fiscal year-end. - FY2023-Q1WorsenedAnnual report
「Maintenance cost provision 418 594」
The maintenance cost provision increased from ¥418 million at the end of the previous fiscal year to ¥594 million at the end of the first quarter, indicating that the future maintenance cost burden has expanded. - FY2022WorsenedAnnual report
「Maintenance cost provision Previous fiscal year ¥403 million Current fiscal year ¥418 million」
The maintenance cost provision increased from ¥403 million at the end of the previous fiscal year to ¥418 million, indicating that the estimated future cost burden, including fluctuations in material and labor costs, had increased as of the fiscal year-end. - FY2022-Q3WorsenedAnnual report
「Maintenance cost provision 403 560」
The maintenance cost provision increased from ¥403 million at the end of the previous fiscal year to ¥560 million at the end of the third quarter, indicating that the estimated cost burden has expanded. - FY2022-Q2WorsenedAnnual report
「Provision for maintenance costs 403 425」
The maintenance cost provision increased from ¥403 million at the end of the previous fiscal year to ¥425 million at the end of the second quarter, indicating that the estimated cost burden has expanded. - FY2022-Q1WorsenedAnnual report
「Provision for maintenance costs 403 602」
The provision for maintenance costs increased from ¥403 million at the end of the previous consolidated fiscal year to ¥602 million at the end of the current quarter, indicating that the estimated cost burden has expanded. - FY2021First statedAnnual report
「Provision for maintenance expenses: ¥403 million. Future prices for materials and labor are affected by market conditions. If actual payments differ from estimates because of unforeseen events or changes in circumstances, the consolidated financial statements for the following consolidated fiscal year may be materially affected.」
The Company newly discloses a provision of ¥403 million for maintenance expenses as a significant accounting estimate, together with the risk that market fluctuations in materials and labor costs may cause actual payments to differ from estimates.