Risk of soaring crude oil prices

「The Company offset the impact of higher fuel costs through adjustments to operating schedules and higher selling prices.」

「Markets for major products such as walleye pollock are expected to remain generally firm, as is consumption of imitation crab in the United States. However, because fuel prices are expected to rise due to geopolitical risks, along with further increases in production costs, including feed, raw materials and labor, and logistics costs, we will continue to respond while closely monitoring changes in the business environment.」

「Energy prices have risen due to the increasingly tense situation in the Middle East, heightening the risk that higher-than-expected inflation will weigh on personal consumption.」

「The fisheries unit reported lower revenue and profit due to lower catches resulting from reduced fishing-vessel operations, lower selling prices for tuna and other products, and higher fuel costs.」

「The fisheries unit reported higher revenue due to strong sales of major fish species, including sablefish, but lower profit due to lower catches resulting from reduced fishing-vessel operations and higher fuel costs.」

「The fisheries unit reported higher revenue due to strong sales of major fish species, including sablefish, and higher profit due to the recovery in fish prices.」

「Meanwhile, the business environment surrounding the industries related to the Group remained uncertain, due to persistently high raw-material and energy-resource prices resulting from the prolonged situation in Ukraine, as well as sharp volatility in foreign exchange markets reflecting interest-rate differentials between Japan and the United States and global economic trends.」

「The Logistics business posted higher net sales by steadily capturing storage demand, mainly in major cities. Despite a substantial increase in power costs following electricity price increases, net sales were ¥8,681 million, up 3.3% year on year, and operating income was ¥727 million, up 0.7% year on year.」

「The fisheries unit reported higher revenue due to strong sales of major fish species, including sablefish, but lower profit due to higher fuel and ocean freight costs.」

「Continued weakness in consumer sentiment due to higher crude oil and raw material prices is considered a downside risk to the economy.」

「Although power costs increased due to higher fuel adjustment rates and labor costs also rose, lower depreciation and other costs resulted in revenue of ¥12,612 million, up 0.9% year on year, and operating profit of ¥1,779 million, up 16.4%.」

「Although power costs increased due to higher fuel adjustment rates and labor costs also rose, lower depreciation and other costs resulted in revenue of ¥8,277 million, up 0.4% year on year, and operating profit of ¥997 million, up 26.0%.」

「Although power costs increased due to higher fuel adjustment charges and labor costs also rose, lower depreciation and outsourcing costs resulted in revenue of ¥4,122 million, down 1.2% year on year, and operating profit of ¥454 million, up 16.7%.」

「During the first nine months of the current consolidated fiscal year, power costs increased due to higher fuel adjustment charges and other factors, while labor costs and rent associated with the start-up of the Heiwajima Logistics Center also increased. However, higher handled cargo from proactive collection activities resulted in net sales of ¥12,496 million, up 3.3% year on year, and operating income of ¥1,528 million, up 2.2% year on year.」

「During the first six months of the current consolidated fiscal year, handled cargo increased as a result of proactive collection activities and the transportation and delivery business grew, but higher power costs associated with rising fuel adjustment charges, higher labor costs, and increased rent following the start-up of the Heiwajima Logistics Center resulted in net sales of ¥8,240 million, up 5.0% year on year, and operating income of ¥791 million, down 2.2% year on year.」

「Although power costs increased due to higher fuel adjustment charges, net sales rose to ¥4,174 million, up 7.4% year on year, and operating income to ¥389 million, up 7.5% year on year, as the Logistics business captured strong storage demand in major metropolitan areas, particularly the Tokyo metropolitan area, and the transportation and delivery and customs clearance businesses also performed well.」

「If crude oil prices rise, this could increase fuel costs for fishing vessels and affect the Group's performance and financial position.」

「If crude oil prices rise, this could increase fuel costs for fishing vessels and affect the performance of the Group.」

「If crude oil prices rise, this could increase fuel costs for fishing vessels and affect the performance of the Group.」