Commercialization of the Solar Power Generation Business and Its Designation as the Third Reporting Segment
First written in FY2017. 8 of 13 entries say "Advanced", first in FY2018-Q1. Latest entry: FY2020.
The whole theme swung hardest in 2021: 1 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Dropped".
- FY2020DroppedAnnual report
「The solar power generation business, which had previously been a reporting segment, has been excluded from the reporting segments beginning with the current consolidated fiscal year.」
The transfer of the entire interest in KPE was executed on 16 January 2020, and the solar power generation business was excluded from the consolidated subsidiary and reporting segment categories. The previous initiatives to commercialise the solar power generation business and designate it as the third reporting segment have ended. - FY2020-Q3SoftenedAnnual report
「At a meeting of the Board of Directors held on 24 June 2019, the company approved the transaction, and on 5 August 2019 entered into an agreement to transfer all of its interest in its consolidated subsidiary ケーピーエネルギー合同会社 (KPE) to 日本再生可能エネルギー株式会社. The transfer was executed in January 2020. As a result, KPE was excluded from the scope of consolidation.」
While revenue and gross profit increased significantly in the third quarter as the solar power generation facilities became operational, the transfer of the entire interest in KPE was executed in January 2020, and the solar power generation business was set to be removed from the consolidated subsidiary and reporting segment categories. - FY2020-Q2AdvancedAnnual report
「As a solar power generation facility began operating during the second quarter of the current consolidated fiscal year, revenue was ¥134 million, up 372.7% year on year, and gross profit was ¥48 million, up 298.5% year on year.」
A new solar power generation facility began operating during the second quarter, and revenue and gross profit in the solar power generation business significantly exceeded the same period of the previous year. Meanwhile, an agreement to transfer the interest in KPE had also been executed. - FY2020-Q1SoftenedAnnual report
「In addition to frequent output curtailment in the Kyushu region and recent developments surrounding the FIT scheme, landslides caused by sudden torrential rain and other events have occurred during construction of solar power-generation facilities being undertaken by KPE. In light of the various business-execution risks associated with the solar power-generation business under the FIT scheme, we began considering the transfer of our equity interest in KPE.」
Regarding the solar power generation business, the company set out in detail the circumstances that led to its consideration of the transfer of its interest, taking into account output control, developments in the FIT scheme, and landslides during construction work. - FY2019SoftenedAnnual report
「At a meeting of the Board of Directors held on 24 June 2019, the company resolved to transfer all of its interest in its consolidated subsidiary ケーピーエネルギー合同会社 to 日本再生可能エネルギー株式会社.」
The company had promoted the construction of solar power generation facilities and the electricity sales business and had designated it as the third reporting segment, but decided to transfer its entire interest in ケーピーエネルギー合同会社. The transfer was scheduled to be executed in the following fiscal year, reducing the scope of the solar power generation business. - FY2019-Q3AdvancedAnnual report
「In the solar power-generation business, we sell electricity generated by solar power generation to electric power companies. Net sales were ¥36 million, up 1.5% year on year, and gross profit was ¥12 million, up 63.1%.」
The electricity sales business using solar power generation facilities recorded revenue of ¥36 million and gross profit of ¥12 million for the cumulative third quarter. Revenue and gross profit exceeded the same period of the previous year, with results following commercialisation continuing to expand. - FY2019-Q2AdvancedAnnual report
「In the solar power-generation business, we sell electricity generated by solar power generation to electric power companies. Net sales were ¥28 million, up 3.5% year on year, and gross profit was ¥12 million, up 57.2%.」
The electricity sales business using solar power generation facilities recorded revenue of ¥28 million and gross profit of ¥12 million for the cumulative second quarter. Revenue increased 3.5% year on year and gross profit increased 57.2%, with results following commercialisation continuing to expand. - FY2019-Q1AdvancedAnnual report
「In the solar power-generation business, we sell electricity generated by solar power generation to electric power companies. Net sales were ¥13 million, up 2.8% year on year, and gross profit was ¥5 million, up 59.4%.」
The electricity sales business using solar power generation facilities recorded first-quarter revenue of ¥13 million and gross profit of ¥5 million. Revenue increased 2.8% year on year and gross profit increased 59.4%, indicating the expansion of business results. - FY2018AdvancedAnnual report
「In the solar power generation business, we sell electricity to power companies using solar power generation facilities we own. Revenue was ¥45 million, up 45.6% year on year, and gross profit was ¥8 million, up 41.0% year on year. / Yaida Solar Power Plant (Yaida, Tochigi Prefecture) … Planned investment: ¥5,923 million … Completion: September 2019」
Full-year revenue from the solar power generation business was ¥45 million and gross profit was ¥8 million, both exceeding the previous year's levels. ¥2,243 million was invested in the Yaida Solar Power Plant, against a total planned investment of ¥5,923 million, with completion scheduled for September 2019. - FY2018-Q3AdvancedAnnual report
「In the solar power-generation business, we sell electricity generated at our solar power-generation facilities to electric power companies. Net sales were ¥36 million, up 49.3% year on year, and gross profit was ¥7 million, up 140.9%.」
The electricity sales business using solar power generation facilities recorded revenue of ¥36 million and gross profit of ¥7 million for the cumulative third quarter. Revenue increased 49.3% year on year and gross profit increased 140.9%, indicating that results following commercialisation are expanding. - FY2018-Q2AdvancedAnnual report
「In the solar power generation business, we sell electricity to power companies using solar power generation facilities we own. Revenue was ¥27 million, up 70.7% year on year, and gross profit was ¥7 million, up 84.7% year on year.」
The electricity sales business using solar power generation facilities recorded revenue of ¥27 million and gross profit of ¥7 million for the cumulative second quarter. Against the backdrop of the facilities becoming operational, revenue increased 70.7% year on year and gross profit increased 84.7%, indicating that results following commercialisation are expanding. - FY2018-Q1AdvancedAnnual report
「In the solar power generation business, we sell electricity to power companies using solar power generation facilities we own. Revenue was ¥13 million and gross profit was ¥3 million. During the cumulative first quarter of the current consolidated fiscal year, production and sales in the solar power generation business increased significantly, because the solar power generation facilities launched as a new business began operating in June of the previous year. Both production and sales increased 492.1% year on year.」
The electricity sales business using solar power generation facilities recorded first-quarter revenue of ¥13 million and gross profit of ¥3 million. Against the backdrop of the facilities becoming operational, production and sales increased 492.1% year on year, indicating that results following commercialisation are becoming more concrete. - FY2017First statedAnnual report
「Beginning with the current consolidated fiscal year, we have newly added the solar power generation business to the Group's reporting segments. This is to promote the solar power generation business and further enhance our technological capabilities related to solar power generation systems.」
Following the investment in and consolidation of ケーピーエネルギー合同会社, the company launched a new reporting segment for the electricity sales business using solar power generation facilities. Full-year revenue was ¥31 million, and the Yaida Solar Power Plant had a total planned investment of ¥5,923 million, with completion scheduled for March 2019.