Impact of Fluctuations in Wholesale Electricity Market Prices on Earnings
First written in FY2021. 5 of 9 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2021: 4 of 15 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「There have been no material changes in the risks related to the Group's business during the interim consolidated accounting period.」
It was stated that there had been no material change in business and other risks relating to the earnings impact of fluctuations in wholesale electricity market prices. - FY2024-Q2RestatedAnnual report
「There were no material changes in the risks relating to the Group's business and other matters during the six months ended the second quarter.」
It was stated that there had been no material change in business and other risks relating to the earnings impact of fluctuations in wholesale electricity market prices. A loss of ¥1.23 billion was reported for the electricity business, but this filing does not identify market prices as the cause. - FY2024-Q1RestatedAnnual report
「There were no material changes in the risks relating to the Group's business and other matters during the nine months ended the first quarter.」
It was stated that there had been no material change in business and other risks relating to the earnings impact of fluctuations in wholesale electricity market prices. Although profit in the electricity business increased, this filing does not identify market prices as the factor. - FY2023-Q3WorsenedAnnual report
「During the cumulative third quarter of the fiscal year, although the gas business was affected by lower gas sales volumes and deterioration in the electricity business balance due to higher procurement costs, profit increased substantially year on year, mainly because of the absence of the prior-year loss caused by a timing difference. The number of customers increased by 67,000 from the end of the same quarter of the previous year to 561,000, while sales volume increased by 14.5% to 1.661 billion kWh. Revenue increased by ¥35.837 billion year on year to ¥78.512 billion. Segment loss was ¥8.385 billion, down ¥10.188 billion year on year.」
Deterioration in the electricity business balance due to higher procurement costs continued, and the electricity segment's loss was reported at ¥8.385 billion. Although electricity sales volume and the number of customers increased, the earnings impact of procurement costs was quantified as the larger factor. - FY2023-Q2MaterialisedAnnual report
「During the cumulative second quarter of the fiscal year, although the gas business was affected by lower gas sales volumes and deterioration in the electricity business balance due to higher procurement costs, profit increased year on year, mainly because of the absence of the prior-year loss caused by a timing difference. Segment loss was ¥6.4 billion, down ¥7.413 billion year on year.」
The electricity business actually experienced deterioration in its balance due to higher procurement costs, and the electricity segment recorded a loss of ¥6.4 billion. - FY2023-Q1RestatedAnnual report
「There were no material changes in the risks relating to the Group's business and other matters during the nine months ended the first quarter.」
It was stated that there had been no material change in business and other risks relating to the earnings impact of fluctuations in wholesale electricity market prices. However, although deterioration in the electricity business balance was reported in the operating results, this filing does not identify market prices as the cause. - FY2022MitigatedAnnual report
「The Group is working to increase the flexibility of bilateral contracts with power generators while optimizing its procurement mix, seeking to balance lower procurement costs with greater stability in its income and expenses.」
The Company specified its response to the risk of fluctuations in wholesale electricity market prices by increasing the flexibility of bilateral contracts and optimizing its procurement mix. - FY2022-Q1RestatedAnnual report
「There were no material changes in the risks relating to the Group's business and other matters during the nine months ended the first quarter.」
It was stated that there had been no material change in business and other risks relating to the earnings impact of fluctuations in wholesale electricity market prices. - FY2021MaterialisedAnnual report
「The Company combines power procurement from power generators and the wholesale electricity market with its own power sources. However, fluctuations in wholesale electricity market prices may affect the Group's business performance. ... Profit declined due to factors including a sharp rise in wholesale electricity market prices. Electricity business balance: ¥2.5 billion decline in profit」
The risk of fluctuations in power procurement costs was disclosed as a standalone item for the first time, and a sharp rise in wholesale electricity market prices actually emerged during the period as a factor reducing the electricity business balance by ¥2.5 billion.