Earnings volatility due to the timing of business development compensation recognition
First written in FY2017. 13 of 21 entries say "Materialised", first in FY2019-Q3. Latest entry: 2026-08-06.
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- 2026-08-06MaterialisedEarnings presentation
「The development and operations business reported lower revenue and lower profit year on year due mainly to a decline in development fees」
The timing, scale and number of business development fee recognitions resulted in lower revenue and lower profit in the first quarter. - FY2026MaterialisedAnnual report
「① Decrease in development fees (△900)」
Development fees decreased by ¥900 million year on year during the fiscal year, and performance volatility due to the completion timing, scale and number of development support projects was reflected in the annual results. - FY2026-H1Update to half-year resultsAnnual report
「④ Increase in business development fees (+305)」
Development fees increased year on year, and the nature of performance volatility in the development and operations business due to the completion timing, scale and number of projects was reflected in the results for the interim consolidated accounting period. - FY2024-Q2MaterialisedAnnual report
「④ Decrease in development fees (△502)」
Development fees decreased by ¥502 million year on year during the first six months of the current fiscal year, and performance volatility due to the completion timing, scale and number of projects was reflected in the results. - FY2023-Q3MaterialisedAnnual report
「④ Decrease in development fees in the development and operations business (△527)」
Development fees decreased by ¥527 million year on year, and performance volatility due to the completion timing, scale and number of projects was reflected in the results for the first nine months of the current fiscal year. - FY2023-Q2MaterialisedAnnual report
「③ Decrease in development fees in the development and operations business (△527)」
Development fees decreased by ¥527 million year on year in the first six months of the current fiscal year, and performance volatility due to the completion timing, scale and number of projects was reflected in the results. - FY2023-Q1MaterialisedAnnual report
「③ Decrease in development fees in the development and operations business (△978)」
Development fees decreased by ¥978 million year on year, and performance volatility due to the completion timing, scale and number of projects was reflected in the results for the quarter. - FY2022MaterialisedAnnual report
「③ Decrease in development fees in the development and operations business (△1,605)」
Performance volatility due to the timing of recognising development fees and the size and number of projects emerged as factors behind the decline in revenue and EBITDA for the fiscal year. - FY2022-Q3MaterialisedAnnual report
「③ Decrease in development fees in the development and operations business (△1,622)」
Development fees decreased by ¥1,622 million year on year, and the risk of performance volatility due to the completion timing, scale and number of projects was reflected in the results for the first nine months of the current fiscal year. - FY2022-Q2Update to half-year resultsAnnual report
「② Increase in development fees in the development and operations business (+64)」
Development fees increased by ¥64 million year on year in the first six months of the current fiscal year, and performance volatility due to the completion timing, scale and number of projects was reflected in the results. - FY2021MaterialisedAnnual report
「② Decrease in development fees in the development and operations business (△1,547)」
Fluctuations in performance due to the timing of recognising development fees and the size and number of projects emerged as factors behind the decline in annual revenue. - FY2021-Q3MaterialisedAnnual report
「② Decrease in development fees in the development and operations business (△131)」
Development fees decreased by ¥131 million year on year in the first nine months of the current fiscal year, and fluctuations in performance due to the completion timing, scale and number of projects were reflected in the results. - FY2021-Q2MaterialisedAnnual report
「② Decrease in development fees in the development and operations business (△235)」
Development fees decreased by ¥235 million year on year in the first six months of the current fiscal year, and fluctuations in performance due to the timing, scale and number of projects were reflected in the results. - FY2021-Q1Increase in recognised amountAnnual report
「② Additional development fees from the Omaezaki Port Biomass project (+965)」
Additional development fees of ¥965 million related to Omaezaki Port Biomass contributed to higher revenue in the first quarter, reflecting performance volatility based on project milestones and the timing of recognition. - FY2020-Q3Increase in recognised amountAnnual report
「② Increase in development fees in the development and operations business (+1,379)」
Development fees increased by ¥1,379 million year on year, and the nature of performance volatility resulting from the completion timing, scale and number of projects was reflected in the results for the period. - FY2020-Q1MaterialisedAnnual report
「③ Decrease in development fees in the development and operations business (△256)」
Development fees decreased by ¥256 million year on year in the first quarter, and fluctuations in performance due to the timing, scale and number of projects were reflected in the results. - FY2019WorsenedAnnual report
「Development fees generally correlate with the scale of the business conducted by the SPC and may range from several hundred million yen to several billion yen per project.」
The expected scale of development fees is now described as ranging from several hundred million yen to several billion yen, rather than the previous range of several hundred million yen to more than ¥1 billion, indicating a wider range of potential earnings volatility due to the timing and scale of recognition. - FY2019-Q3MaterialisedAnnual report
「Decrease in development fees related to the power generation business (△518)」
Development fees decreased by ¥518 million year on year, and fluctuations in performance due to the timing of recognition and the size and number of projects emerged as a factor behind the decline in revenue for the period. - FY2018RestatedAnnual report
「Development fees generally correlate with the scale of the business conducted by the SPC and may range from several hundred million yen to more than ¥1 billion per project.」
The company has reconfirmed the risk of earnings volatility due to the timing, scale and number of development fee recognitions. - FY2018-Q4RestatedAnnual report
「The amount of development fees recognised varies depending on whether development support services for new power plants were completed in each fiscal year, as well as their scale and number. Accordingly, revenue and profit from the Renewable Energy Development and Operations Business tend to fluctuate depending on when development fees are recognised.」
The company has reconfirmed the risk that development fees and the performance of the development and operations business may fluctuate depending on the completion timing, scale and number of development support projects. - FY2017First statedAnnual report
「Development fees generally correlate with the scale of the business conducted by the SPC and may range from several hundred million yen to more than ¥1 billion per project.」
Development fees depend on the size, number and completion timing of projects, indicating a risk that revenue and profit from the development and operations business may fluctuate.