Low market procurement prices for purchased electricity
First written in FY2018-Q1. 6 of 10 entries say "Worsened", first in FY2023-Q2. Latest entry: 2026-04-30.
Hokkaido Gas moved to the "Worse" side of this theme in 2022, 1 year after the typical company in this theme (2021).
The whole theme swung hardest in 2022: 5 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- 2026-04-30WorsenedEarnings
「However, if differences arise in the assumptions used to calculate the earnings forecast, actual results may differ materially from the forecast figures.」
The earnings forecast incorporates deterioration in the power business balance due to higher wholesale electricity market prices associated with uncertainty in the Middle East. - FY2026-H1RestatedAnnual report
「Segment profit increased by 0.1% to ¥1,670 million, mainly due to higher sales volume and the relatively low level of wholesale electricity market prices.」
The relatively low level of wholesale electricity market prices continued to be cited, together with higher sales volume, as a factor behind the increase in electricity segment profit. - FY2024Electricity profit increased despite lower wholesale volumes as market prices remained lowAnnual report
「Electricity sales volume decreased by 1.0% to 969 million kWh. In the low-voltage business, the number of household customers increased and demand for air conditioning rose during the hot summer, but in the high-voltage business, the number of contracted customers declined and, in the wholesale business, wholesale sales to the Japan Electric Power Exchange (JEPX) decreased as wholesale electricity market prices remained low. Segment profit increased by 331.8% to ¥2,911 million, helped by higher low-voltage sales volume and the absence of the impact of exceeding the cap under the fuel cost adjustment system in the previous consolidated fiscal year.」
Although wholesale sales volume decreased as market prices remained low, electricity segment profit increased by 331.8% due to higher low-voltage sales volume and the reversal of the impact of exceeding the cap under the fuel cost adjustment system in the previous year. - FY2024-Q2WorsenedAnnual report
「Segment profit decreased by 25.7% to ¥480 million, mainly because the average fuel price under the fuel cost adjustment system exceeded the cap price.」
The average fuel price under the fuel cost adjustment system exceeded the cap price, and its effect continued to result in a 25.7% year-on-year decline in electricity segment profit. - FY2024-Q1WorsenedAnnual report
「The electricity segment recorded a loss of ¥56 million, compared with segment profit of ¥570 million in the previous fiscal year, mainly because the average fuel price under the fuel cost adjustment system exceeded the cap price.」
The average fuel price under the fuel cost adjustment system exceeded the cap price, and the electricity segment shifted from profit of ¥570 million in the previous year to a loss of ¥56 million. - FY2023WorsenedAnnual report
「Segment profit decreased by 30.0% to ¥674 million, mainly due to higher unit prices for generated and procured electricity and the excess over the cap under the fuel cost adjustment system.」
Higher unit prices for generated and procured electricity and the excess over the cap under the fuel cost adjustment system resulted in a 30.0% year-on-year decline in electricity segment profit for the full fiscal year as well. - FY2023-Q3WorsenedAnnual report
「Segment profit decreased by 60.2% to ¥411 million, mainly due to higher unit prices for generated and procured electricity.」
Higher unit prices for generated and procured electricity resulted in a 60.2% year-on-year decline in electricity segment profit, widening the decline from the 26.0% decrease in the previous quarter. - FY2023-Q2WorsenedAnnual report
「Segment profit decreased by 26.0% to ¥646 million, mainly due to higher electricity procurement prices and other factors.」
Higher electricity procurement prices and other factors affected actual results, reducing electricity segment profit by 26.0% year on year. - FY2022Electricity segment profit declined as market prices roseAnnual report
「Segment profit decreased by 31.5% to ¥962 million, affected by higher market prices.」
The previous state, in which market procurement prices for purchased electricity remained low, shifted to one in which rising market prices became a factor behind the 31.5% decline in electricity segment profit. - FY2018-Q1First statedAnnual report
「Segment profit increased by ¥332 million to ¥243 million, helped by higher sales and the relatively low level of market procurement prices for purchased electricity.」
For the first time, the disclosure cited the relatively low level of market procurement prices for purchased electricity as a factor behind the increase in profit in the electricity segment.