Delays and Cancellations of Overseas Projects and Deterioration in Profitability
First written in FY2016. 17 of 26 entries say "Restated". Latest entry: FY2026.
Osaka Gas moved to the "Worse" side of this theme in 2022, 1 year before the typical company in this theme (2023).
The whole theme swung hardest in 2020: 6 of 12 companies on the "Worse" side.
2 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「The operating assets in Western Australia were acquired for projects involving the refining, liquefaction and sale of natural gas produced in the region. In light of the impact of the decline in crude oil prices and other factors, we reassessed the value of the business, reduced the carrying amount to the recoverable amount, and recorded the decrease of ¥9,213 million as an impairment loss under extraordinary losses.」
The value of assets related to natural gas refining and liquefaction in Western Australia was reassessed against a backdrop of falling crude oil prices and other factors, resulting in an impairment loss of ¥9,213 million. - FY2026-H1RestatedAnnual report
「No new business or other risks arose during the six months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
We have reconfirmed that there have been no new incidents or material changes relating to the risks of overseas project delays or cancellations and deteriorating profitability. - FY2025-H1RestatedAnnual report
「No new business or other risks arose during the six months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
We determined that there had been no new incidents or material changes relating to the risks of overseas project delays or cancellations and deteriorating profitability. - FY2024-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
We determined that there had been no new incidents or material changes relating to the risks of overseas project delays or cancellations and deteriorating profitability. - FY2024-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
We determined that there had been no new incidents or material changes relating to the risks of overseas project delays or cancellations and deteriorating profitability. - FY2023MaterialisedAnnual report
「These assets were acquired for participation in natural gas and condensate development projects. However, as we decided to withdraw from the business in light of the uncertainty surrounding the undeveloped project, we reduced the carrying amount to the recoverable amount and recorded the impairment loss under extraordinary losses.」
We decided to withdraw from an undeveloped project in Western Australia, resulting in an impairment loss of ¥3,820 million. - FY2023-Q3MaterialisedAnnual report
「In the overseas energy segment, we recorded an impairment loss of ¥3,719 million in the Australian upstream business as an extraordinary loss during the cumulative third-quarter consolidated period.」
An impairment loss of ¥3,719 million was recorded in the Australian upstream business, bringing the deterioration in overseas project profitability and the decline in asset values into the results. - FY2023-Q2MaterialisedAnnual report
「In addition, due mainly to recording an impairment loss of ¥3,500 million in the Australian upstream business as an extraordinary loss, net income attributable to owners of the parent for the quarter was a net loss of ¥29.7 billion, down ¥65.6 billion from the same quarter of the previous year.」
An impairment loss of ¥3,500 million was recorded in the Australian upstream business, bringing the deterioration in overseas project profitability and the decline in asset values into the results for the quarter. - FY2022MaterialisedAnnual report
「The operating assets in Michigan, USA, were acquired for participation in a natural gas-fired power generation project. In light of the impact of revisions to selling prices and other factors, we reassessed the value of the business, reduced the carrying amount to the recoverable amount, and recorded the impairment loss under extraordinary losses.」
The value of the overseas energy business was reassessed, resulting in impairment losses of ¥10,326 million on power generation assets in Michigan and ¥5,295 million on assets in Australia and Timor-Leste. - FY2022-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
We determined that there had been no new incidents or material changes relating to the risks of overseas project delays or cancellations and deteriorating profitability. - FY2022-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
We determined that there had been no new incidents or material changes relating to the risks of overseas project delays or cancellations and deteriorating profitability. - FY2021-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
We determined that there had been no new incidents or material changes relating to the risks of overseas project delays or cancellations and deteriorating profitability. - FY2021-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
We determined that there had been no new incidents or material changes relating to the risks of overseas project delays or cancellations and deteriorating profitability. - FY2020MaterialisedAnnual report
「Impairment losses for the current fiscal year were ¥15,568 million, of which the significant impairment losses were as follows. These assets were acquired for participation in gas and condensate development projects. In light of the impact of the review of the development plans and other factors, we reassessed the value of the businesses, reduced their carrying amounts to their recoverable amounts, and recorded the decreases as impairment losses under extraordinary losses.」
The development plans for overseas gas and condensate development projects were reviewed and the business values were reassessed, resulting in impairment losses of ¥15,568 million. - FY2020-Q3MaterialisedAnnual report
「In the overseas energy segment, we recorded an impairment loss of ¥4,494 million on operating assets as an extraordinary loss in the third-quarter consolidated accounting period. This reflected a reassessment of the value of an Australian gas development project in which we participate mainly through a consolidated subsidiary, taking into account the impact of the review of the development plan and other factors. We reduced the carrying amount to the recoverable amount and recorded the decrease as an impairment loss under extraordinary losses.」
The development plan for an Australian gas development project was reviewed and the business value was reassessed, resulting in an actual impairment loss of ¥4,494 million. - FY2020-Q2RestatedAnnual report
「No new business or other risks arose during the six-month period ended the second quarter. There have also been no material changes in the business and other risks described in the annual securities report for the previous fiscal year.」
We determined that there had been no new incidents or material changes relating to the risks of overseas project delays or cancellations and deteriorating profitability. - FY2020-Q1RestatedAnnual report
「During the cumulative first-quarter period, there were no newly arising business or other risks. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
We determined that there had been no new incidents or material changes relating to the risks of overseas project delays or cancellations and deteriorating profitability. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, no new Business and Other Risks arose. There were also no material changes to the Business and Other Risks described in the Annual Securities Report for the previous fiscal year.」
We determined that there had been no new incidents or material changes relating to the risks of overseas project delays or cancellations and deteriorating profitability. - FY2018MaterialisedAnnual report
「The operating assets in Western Province, Papua New Guinea, were acquired for participation in condensate and gas development projects. In light of the impact of the review of the development plan and other factors, we reassessed the value of the business, reduced the carrying amount to the recoverable amount, and recorded the decrease of ¥1,556.8 million as an impairment loss under extraordinary losses.」
The development plan for an overseas development project was reviewed and the business value was reassessed, resulting in an impairment loss. - FY2018-Q3RestatedAnnual report
「No new business or other risks arose during the nine-month period ended the third quarter. There have also been no material changes in the business and other risks described in the annual securities report for the previous fiscal year.」
We determined that there had been no new incidents or material changes relating to the risks of overseas project delays or cancellations and deteriorating profitability. - FY2018-Q2RestatedAnnual report
「No new business or other risks arose during the six-month period ended the second quarter. There have also been no material changes in the business and other risks described in the annual securities report for the previous fiscal year.」
We determined that there had been no new incidents or material changes relating to the risks of overseas project delays or cancellations and deteriorating profitability. - FY2017RestatedAnnual report
「Changes in the business environment, including project delays or cancellations and deteriorating profitability caused by government policies, regulatory implementation or changes, worsening economic and social conditions, and technical issues in countries where our group operates」
We continue to disclose the risks of project delays, cancellations and deteriorating profitability arising from the policies and regulations, economic and social conditions, and technical issues of the countries where we operate overseas. - FY2017-Q3RestatedAnnual report
「No new business or other risks arose during the nine-month period ended the third quarter. There have also been no material changes in the business and other risks described in the annual securities report for the previous fiscal year.」
We determined that there had been no new incidents or material changes relating to the risks of overseas project delays or cancellations and deteriorating profitability. - FY2017-Q2RestatedAnnual report
「No new business or other risks arose during the six-month period ended the second quarter. There have also been no material changes in the business and other risks described in the annual securities report for the previous fiscal year.」
We determined that there had been no new incidents or material changes relating to the risks of overseas project delays or cancellations and deteriorating profitability. - FY2017-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, no new Business and Other Risks arose. There were also no material changes to the Business and Other Risks described in the Annual Securities Report for the previous fiscal year.」
We determined that there had been no new incidents or material changes relating to the risks of overseas project delays or cancellations and deteriorating profitability. - FY2016First statedAnnual report
「Changes in the business environment, including project delays or cancellations and deteriorating profitability caused by government policies, regulatory implementation or changes, worsening economic and social conditions, and technical issues in countries where our group operates」
We identify the policies and regulations, economic and social conditions, and technical issues in the countries where we operate overseas as risk factors for our overseas business.