Demand Declines and Business-Operation Disruptions Caused by Natural Disasters and COVID-19
First written in FY2020. 7 of 14 entries say "Restated". Latest entry: FY2025-H1.
Hokuriku Gas moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2020: 24 of 46 companies on the "Worse" side.
33 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business risks and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to existing risks, including declining demand and disruptions to business operations due to natural disasters and infectious disease outbreaks. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter under review, there were no newly arising business or other risks, nor any material changes to the business or other risks described in the securities report for the preceding fiscal year.」
The company states that there have been no material changes to existing business and other risks, including the impact of COVID-19 on commercial gas demand and business operations. - FY2023RestatedAnnual report
「The company also describes the spread of COVID-19 under “3. Business and Other Risks, (4) Natural Disasters, Accidents, etc., ④ Impact of Natural Disasters and Infectious Disease Outbreaks.” Although the spread could affect performance depending on its extent, the company currently believes that it does not materially affect the business operations of the group.」
While recognizing the possibility that the infectious disease could affect commercial demand and business operations, the company continues to assess the impact as not material at present. - FY2023-Q3RestatedAnnual report
「During the nine-month period ended in the third quarter, there was no occurrence of any new business or other risk, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to existing business and other risks, including the impact of COVID-19 on commercial gas demand and business operations. - FY2023-Q2RestatedAnnual report
「During the six-month period ended [current second quarter], there were no new business risks and no material changes to the business risks described in the prior fiscal year's annual securities report.」
The company states that there have been no material changes to existing business and other risks, including the impact of COVID-19 on commercial gas demand and business operations. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter under review, there were no newly arising business or other risks, nor any material changes to the business or other risks described in the securities report for the preceding fiscal year.」
The company states that there have been no material changes to existing business and other risks, including the impact of COVID-19 on commercial gas demand and business operations. - FY2022-Q3RestatedAnnual report
「The company expects the impact of COVID-19 on gas demand, mainly for commercial use, to continue to a certain extent for the time being. However, it believes that the impact currently does not materially affect the business operations of the group, that the impact on performance is limited, and that it therefore does not materially affect accounting estimates.」
The company continues to assess the impact of the infectious disease on commercial gas demand, business operations, performance, and accounting estimates as limited, although it expects the impact on commercial gas demand to continue to a certain extent. - FY2022-Q2MitigatedAnnual report
「The company expects the impact of COVID-19 on gas demand, mainly for commercial use, to continue to a certain extent for the time being. However, it believes that the impact currently does not materially affect the business operations of the group, that the impact on performance is limited, and that it therefore does not materially affect accounting estimates.」
The company expects the impact of the infectious disease on commercial gas demand to continue to a certain extent, but considers the impact on business operations and performance to be limited and not material. - FY2022-Q1MaterialisedAnnual report
「For the three-month period ended June 2021 (April–June 2021), revenue decreased by ¥809 million year on year to ¥10,481 million. Although gas sales volumes recovered partly from the previous year’s decline, mainly in commercial demand, gas tariff rates were reduced following the fuel cost adjustment, and hot-water and air-conditioning demand declined as temperatures in early spring remained higher than the previous year.」
Although some recovery from the previous year was seen in gas demand, mainly for commercial use, the effects of COVID-19 persisted and, together with weather and tariff-rate effects, resulted in revenue declining by ¥809 million year on year. - FY2021MaterialisedAnnual report
「Net sales were ¥48,333 million, down 6.2% year on year. Although gas sales volumes increased following the acquisition of the Mitsuke City gas business and due to low winter temperatures, sales were affected by lower gas tariff rates resulting from the fuel cost adjustment and declining gas demand, mainly for commercial use, due to the spread of COVID-19.」
The decline in commercial gas demand due to the spread of COVID-19 materialized as an actual full-year decline in revenue. - FY2021-Q3MaterialisedAnnual report
「Gas sales volumes were 293,402 thousand m³, down 1.9% from the same period of the previous year. Although volumes increased following the acquisition of the Mitsuke City gas business in April 2020, gas demand, mainly for commercial use, declined due to the spread of COVID-19.」
The decline in gas demand, mainly for commercial use, due to the spread of COVID-19 continued, and gas sales volumes fell 1.9% year on year even including the increase from the acquisition of the Mitsuke City business. - FY2021-Q2MaterialisedAnnual report
「Gas sales volumes were 183,389 thousand m³, down 6.1% from the same period of the previous year. Although volumes increased following the acquisition of the Mitsuke City gas business in April, gas demand, mainly for commercial use, declined due to the spread of COVID-19.」
The decline in gas demand, mainly for commercial use, due to the spread of COVID-19 continued, and city gas sales volumes fell 6.1% year on year. - FY2021-Q1MaterialisedAnnual report
「Net sales for the cumulative first quarter of the fiscal year (April–June 2020) were ¥11,291 million, down ¥1,237 million from the same period of the previous year. Although gas sales volumes increased following the acquisition of the gas business in Mitsuke City, sales were affected by lower gas sales volumes, mainly for commercial use, due to the spread of COVID-19, as well as lower gas tariff rates resulting from the fuel cost adjustment.」
The decline in gas sales volumes, mainly for commercial use, due to the spread of COVID-19 materialized as an actual decline in revenue. City gas sales volumes fell 11.7% year on year. However, the company stated that the impact on business operations and accounting estimates was limited. - FY2020First statedAnnual report
「Gas sales volumes may decline if customer facilities operate at reduced levels due to natural disasters or infectious disease outbreaks. In addition, if many employees are unable to come to work, business operations may be disrupted, potentially affecting performance.」
The company identifies reduced operation of customer facilities and lower gas sales volumes due to infectious disease outbreaks, as well as operational disruptions caused by employees being unable to come to work, as new risks. Although COVID-19 was spreading at the time, it stated that there had been no material impact on business operations at that point.