Risk of declining existing gas demand due to energy conservation and changes in the industrial structure
First written in FY2024. 1 of 3 entries say "Worsened", first in 2026-04-28. Latest entry: FY2026.
The whole theme swung hardest in 2020: 2 of 6 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「To address these changes in the business environment, the company will expand decarbonization-related solutions as set out in Compass2030 and the Carbon Neutral Roadmap 2050, lead the transition to a carbon-neutral society, and provide solutions under its IGNITURE solutions business brand that address customers’ new lifestyles and values, thereby seeking to establish new earnings foundations alongside gas and electricity.」
The company continues to address the risk of declining existing gas demand due to changes in energy conservation, industrial structure and lifestyles by establishing new earnings foundations through decarbonization solutions and IGNITURE. - 2026-04-28WorsenedRevision of earnings forecasts
「City gas sales volume in fiscal 2026 is expected to be 10,790 million m3, down 3.4% from fiscal 2025, reflecting an anticipated decline in residential demand due to energy savings associated with improved housing performance, as well as lower demand for power generation and other uses.」
The anticipated decline in residential demand due to energy savings and in demand for power generation and other uses has been reflected in the outlook for city gas sales volume for the following fiscal year. - FY2024First statedAnnual report
「Progress in energy conservation and changes in industrial structure over the medium to long term could reduce part of future existing gas demand from industrial and commercial customers. In addition, declining household sizes, changes in lifestyles and the wider adoption of energy-efficient equipment could reduce part of existing residential demand.」
Separate from intensifying competition and weather variability, the company has identified medium- to long-term declines in existing gas demand due to energy conservation, changes in industrial structure, declining household sizes, changes in lifestyles and the adoption of energy-efficient equipment as a new risk.