Risk of Changes in Laws, Regulations, Regulatory Frameworks and Energy Policy
First written in FY2019. 1 of 3 entries say "Worsened", first in FY2020. Latest entry: FY2022.
The whole theme swung hardest in 2024: 8 of 21 companies on the "Worse" side.
16 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「In the gas and electricity businesses, institutional reforms are under way, including the legal separation of the transmission and distribution business and the gas pipeline business following the full liberalisation of retailing. As a result, the environment surrounding the Group is changing substantially.」
Continues to respond to changes in the institutional environment, including the legal separation of the transmission and distribution and pipeline businesses, as well as intensifying competition, in addition to retail liberalisation. - FY2020WorsenedAnnual report
「The legal separation of the pipeline business, which accounts for approximately 30% of total assets and employees, will be an opportunity for the Group's structure to change substantially.」
Specifically describes the possibility that the legal separation of the pipeline business could substantially change the Group's structure as a risk from changes in laws, regulations and systems. - FY2019First statedAnnual report
「Because the Company conducts its business in accordance with the Gas Business Act, Electricity Business Act, Companies Act, Financial Instruments and Exchange Act and other laws and regulations, as well as national and local-government energy policies, changes to these laws, regulations, systems or policies could affect the Company.」
Identifies the impact of changes to laws, regulations, systems and national or local-government energy policies related to the business as a new risk.