Increase in Depreciation Expense in the Power Business Following the Start of Operations at the Ishikari Power Plant
First written in FY2020-Q3. 2 of 5 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2020: 7 of 19 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- FY2021MitigatedAnnual report
「Segment profit rose 16.1% to ¥1,404 million, mainly because efforts to reduce procurement costs through efficient operation of the power plants, including increasing the utilization of in-house power plants when market prices were high, proved effective.」
In response to the situation in which depreciation expense and other costs for power plant facilities had been putting downward pressure on profit, power segment profit increased through higher utilization of in-house power plants and lower procurement costs resulting from efficient operation. - FY2021-Q3Higher power plant depreciation expense continued, while the decline in profit narrowedAnnual report
「Segment profit fell 26.6% to ¥398 million due to lower net sales and higher depreciation expense following the start of operations at the Kitagas Sapporo Power Station, among other factors.」
The increase in depreciation expense following the start of operations at the Sapporo Power Station continued to contribute to the decrease in power business profit. - FY2021-Q2RestatedAnnual report
「Segment profit fell 41.9% to ¥261 million due to lower net sales and higher depreciation expense following the start of operations at the Kitagas Sapporo Power Station, among other factors.」
The increase in depreciation expense following the start of operations at the Sapporo Power Station continued to contribute to the decrease in power business profit. - FY2020RestatedAnnual report
「Although efforts were made to reduce procurement costs through efficient operation of the power plants and other measures, segment profit fell 7.2% to ¥1,209 million due to higher depreciation expense and operating expenses for power plant facilities, among other factors.」
In the power business, higher depreciation expense and operating expenses for power plant facilities continued to put downward pressure on profit. - FY2020-Q3First statedAnnual report
「Segment profit fell 40.8% to ¥542 million due to higher depreciation expense following the start of operations at the Ishikari Power Station, among other factors.」
The increase in depreciation expense following the start of operations at the Ishikari Power Station was described independently for the first time as a factor contributing to the decrease in power segment profit.