Changes in coal prices and sales volume due to weaker demand in China
First written in FY2017-Q1. 11 of 38 entries say "Worsened", first in FY2017. Latest entry: 2026-07-31.
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- 2026-07-31OtherEarnings
「In our core Coal Business, coal prices have been rising gradually due to the impact of the situation in the Middle East.」
Coal prices rose gradually due to the impact of the situation in the Middle East, while a decrease in coal sales volume was also reported. - FY2026AdvancedAnnual report
「Although coal prices remained weak, effective use of coal storage space and additional orders from large-volume customers such as electric power companies lifted net sales 4.1% from the previous fiscal year to ¥9,954 million. Operating profit increased by ¥221 million to ¥634 million, up 53.5%.」
Despite weak coal prices, effective use of coal storage space and additional orders from large-volume customers lifted net sales and operating profit above the previous fiscal year's levels. - 2026-05-15MitigatedEarnings
「Although coal prices remained weak, net sales increased 4.1% year on year to ¥9,954 million and operating profit increased ¥221 million to ¥634 million, up 53.5%, driven by additional orders from major customers such as electric power companies following thorough utilization of coal storage space, resulting in higher sales and profit.」
Although coal prices remained depressed, the Coal Business achieved higher sales and profit through additional orders and other factors. - FY2026-H1Higher orders despite weak market conditionsAnnual report
「During the first half of the fiscal year, despite weak market conditions, higher orders from earlier coal sales and the expansion of sales to new customers lifted net sales 37.9% year on year to ¥4,713 million and segment profit 17.5% to ¥197 million, resulting in higher revenue and profit.」
Although coal market conditions remained weak, earlier sales and higher orders from expanding sales to new customers resulted in higher revenue and profit in the coal business. - FY2025RestatedAnnual report
「In the coal business, weak coal prices and declining domestic demand during the fiscal year resulted in net sales of ¥9,558 million, down 29.8% from the previous fiscal year, and segment profit of ¥469 million, down 8.9%, resulting in lower revenue and profit.」
Weak coal prices and declining domestic demand continued to affect full-year results, resulting in lower revenue and profit in the coal business. - FY2025-H1WorsenedAnnual report
「During the first half of the fiscal year, transaction volumes declined due to a shift in the timing of coal sales, while lower coal prices and reduced dividends received from the Wambo coal mine in Australia also contributed to the decline. Net sales fell 61.8% year on year to ¥5,806 million, and segment profit declined 55.3% to ¥2,540 million, resulting in lower revenue and profit.」
The decline in transaction volumes caused by a shift in the timing of coal sales and lower coal prices resurfaced, while lower dividends from Wambo Coal compounded the impact, leaving net sales and segment profit well below the year-earlier levels. - FY2024MitigatedAnnual report
「In the coal business, coal market conditions softened during the fiscal year as energy demand eased, but coal transaction volumes remained firm, rising 9.3% from the previous fiscal year. Higher dividends received from investee Wambo Coal in Australia and other factors also contributed. Net sales fell 44.4% to ¥21,799 million, while segment profit rose 113.4% to ¥8,679 million, resulting in lower revenue but higher profit.」
Although coal market conditions softened, coal transaction volumes remained firm, rising 9.3% from the previous fiscal year, and higher dividends from Wambo Coal also contributed to increased profit. - FY2024-Q3WorsenedAnnual report
「During the first nine months of the fiscal year, coal sales volumes declined, but higher dividends received from the Wambo coal mine in Australia and other factors lifted segment profit. Net sales fell 50.1% year on year to ¥16,219 million, while segment profit rose 431.0% to ¥5,659 million, resulting in lower revenue but higher profit.」
Coal sales volumes continued to decline, with coal business net sales down 50.1% year on year. Profit increased due to higher dividends received, but deterioration in sales volume and sales revenue continued. - FY2024-Q2WorsenedAnnual report
「During the first half of the fiscal year, coal sales volumes declined, but higher dividends received from the Wambo coal mine in Australia and other factors lifted segment profit. Net sales fell 37.1% year on year to ¥15,201 million, while segment profit rose 559.2% to ¥5,677 million, resulting in lower revenue but higher profit.」
Coal sales volumes continued to decline, with coal business net sales down 37.1% year on year. Profit increased due to higher dividends received, but volume-related risk has worsened. - FY2024-Q1WorsenedAnnual report
「During the first nine months of the fiscal year, customers held high inventory levels and deferred coal purchases as part of inventory adjustments, among other factors. Net sales fell 12.0% year on year to ¥6,382 million, and segment profit declined 30.1% to ¥89 million, resulting in lower revenue and profit.」
High customer inventory levels and the deferral of coal purchases due to inventory adjustments resulted in lower revenue and profit in the coal business. - FY2023AdvancedAnnual report
「The global scramble for coal caused by the energy crisis following Russia's invasion of Ukraine and other factors drove coal selling prices sharply higher, resulting in a substantial increase in revenue. A ¥3,570 million dividend received from investee Wambo Coal Pty Ltd in Australia, up 67.7% from the previous fiscal year, also made a significant contribution. Net sales rose 234.5% to ¥39,211 million, and segment profit increased 54.7% to ¥4,067 million, resulting in higher revenue and profit.」
The sharp rise in coal selling prices and the ¥3,570 million dividend from Wambo Coal drove full-year coal business net sales up 234.5% and segment profit up 54.7% from the previous fiscal year. - FY2023-Q3AdvancedAnnual report
「During the first nine months of the fiscal year, steam coal prices, including coal for power generation, remained at record-high levels as energy concerns stemming from Russia's invasion of Ukraine were compounded by extreme weather in coal-producing countries. In addition, coal customers placed orders for earlier delivery due to supply concerns, while a ¥536 million dividend received from investee Wambo Coal in Australia, up 24.3% year on year, also contributed. Net sales rose 333.3% to ¥32,492 million, and segment profit increased 40.0% to ¥1,066 million, resulting in higher revenue and profit.」
Record-high steam coal prices continued, while advance orders driven by supply concerns and a ¥536 million dividend from Wambo Coal also contributed, taking cumulative coal business net sales and segment profit above the year-earlier levels. - FY2023-Q2AdvancedAnnual report
「During the first half of the fiscal year, prices for steam coal, used for power generation and other purposes, remained at record-high levels as energy supply shortages stemming from Russia's invasion of Ukraine persisted and extreme weather affected coal production and logistics in coal-producing countries.」
Energy supply shortages and the impact of extreme weather on production and logistics compounded one another, keeping steam coal prices at record-high levels. Coal business net sales were ¥24,173 million and segment profit was ¥861 million, up 599.5% and 32.5% year on year, respectively. - FY2023-Q1AdvancedAnnual report
「During the first quarter of the fiscal year, coal prices rose sharply amid increasing global energy demand, as growing supply concerns stemming from Russia's invasion of Ukraine and the impact of extreme weather on coal production and logistics in coal-producing countries compounded one another. Net sales rose 267.3% year on year to ¥7,256 million, and segment profit increased 8.6% to ¥127 million, resulting in higher revenue and profit.」
Coal prices rose sharply against a backdrop of higher global energy demand, supply concerns and extreme weather, with net sales in the coal business up 267.3% year on year and segment profit up 8.6%. - FY2022AdvancedAnnual report
「Coal prices rose sharply as energy demand increased with the global economic recovery from COVID-19, while a ¥2,128 million dividend from investee Wambo Coal in Australia also contributed. Net sales rose 34.0% year on year to ¥11,721 million, and segment profit increased 773.5% to ¥2,629 million, resulting in higher revenue and profit.」
Higher energy demand accompanying the global economic recovery and sharply higher coal prices contributed to full-year results, while a ¥2,128 million dividend from Wambo Coal also contributed, resulting in higher revenue and profit in the coal business. - FY2022-Q3RestatedAnnual report
「During the first nine months of the fiscal year under review, the substantial rise in coal prices resulting from increased energy demand accompanying the global economic recovery from COVID-19, together with the resumption of dividend payments by Australian investee ワンボ (¥431 million), contributed to revenue of ¥7,498 million, up 17.5% year on year, and segment profit of ¥761 million, up 278.4%, resulting in higher revenue and profit.」
Coal operations posted higher revenue and profit year on year as coal prices rose sharply and energy demand continued to recover. Under the adoption of the revenue recognition accounting standard, transactions totaling ¥1,925 million have been excluded from net sales. - FY2022-Q2MitigatedAnnual report
「During the first six months of the fiscal year under review, coal prices were trending higher amid increased energy demand accompanying the recovery from COVID-19, and revenue increased on the same basis as before. However, following the adoption of the Accounting Standard for Revenue Recognition, certain transactions previously included in revenue were excluded beginning at the start of the first three months of the fiscal year under review, reducing revenue by ¥1,267 million.」
Coal prices trended higher against a backdrop of increased energy demand accompanying the recovery from COVID-19, and revenue increased excluding the reported reduction resulting from the adoption of the accounting standard. - FY2022-Q1MitigatedAnnual report
「During the first three months of the fiscal year under review, production by major customers was recovering relative to the first three months of the previous fiscal year, which had been significantly affected by COVID-19. Sales volume and revenue increased on the same basis as before. However, following the adoption of the revenue recognition accounting standard, certain transactions previously included in revenue were excluded from revenue beginning in the first three months of the fiscal year under review. As a result, revenue was ¥1,975 million, down 4.7% year on year, while segment profit was ¥126 million, up 80.3%, resulting in lower revenue but higher profit.」
Production by major customers, which had declined due to the impact of COVID-19, was recovering, and sales volume and revenue increased on the same basis. Although reported revenue declined due to the revenue recognition accounting standard, segment profit rose 80.3% year on year. - FY2021WorsenedAnnual report
「In the coal business, coal prices remained depressed throughout the fiscal year under review due to the impact of COVID-19, while sales volume declined as major customers adjusted production.」
Depressed coal prices and lower sales volume due to production adjustments by major customers became evident in full-year results, with revenue in the coal business at ¥8,749 million, down 44.2% year on year. - FY2021-Q3WorsenedAnnual report
「During the first nine months of the fiscal year under review, demand from major customers had declined substantially through the first six months due to the impact of COVID-19. Although demand recovered somewhat during the third quarter, it remained depressed, resulting in lower sales volume. In addition, no dividends were received from Australian investee ワンボ because the company recognized an impairment loss following a sharp decline in coal market prices and substantial production adjustments; dividend income was ¥948 million in the first nine months of the previous fiscal year. As a result, revenue was ¥6,384 million, down 44.7% year on year, and segment profit was ¥255 million, down 79.9%, resulting in lower revenue and profit.」
Demand from major customers recovered somewhat in the third quarter but remained depressed, resulting in lower sales volume. ワンボ paid no dividend due to the sharp decline in coal market prices and other factors, and revenue in the coal business fell 44.7% year on year, while segment profit fell 79.9%. - FY2021-Q2WorsenedAnnual report
「During the first six months of the fiscal year under review, coal prices remained depressed due to the impact of COVID-19, while sales volume declined as major customers adjusted production.」
The impact of COVID-19 continued to depress coal prices and reduce sales volume as major customers adjusted production, leading to lower revenue and profit in the coal business. - FY2021-Q1WorsenedAnnual report
「During the first three months of the fiscal year under review, sales volume declined as major customers reduced operating rates and adjusted production due to the impact of COVID-19, while coal prices also plunged. As a result, revenue was ¥2,072 million, down 48.6% year on year, and segment profit was ¥70 million, down 30.3%.」
Lower operating rates and production adjustments by major customers reduced coal sales volume, while coal prices also plunged. Revenue in the coal business fell 48.6% year on year, and segment profit fell 30.3%. - FY2020WorsenedAnnual report
「In the coal business, lower sales volume, declining coal prices and other factors resulted in revenue of ¥14,378 million for the fiscal year under review, down 23.4% year on year.」
As through the third quarter, lower sales volume and coal prices became evident in full-year results, with revenue in the coal business down 23.4% year on year. - FY2020-Q3WorsenedAnnual report
「During the first nine months of the fiscal year under review, revenue declined to ¥10,594 million, down 25.5% year on year, due to lower sales volume and coal prices. However, an increase in high-margin transactions limited the decline in segment profit to ¥354 million, down 5.8%.」
In addition to lower sales volume, the decline in coal prices was explicitly cited, resulting in a 25.5% year-on-year decrease in revenue in the coal business. The increase in high-margin transactions limited the decline in profit, but segment profit also fell 5.8%. - FY2020-Q2Lower volume, with profit flat due to high-margin transactionsAnnual report
「During the first six months of the fiscal year under review, revenue declined to ¥6,544 million, down 18.0% year on year, as sales volume fell due to changes in sales timing and other factors. However, an increase in high-margin transactions kept segment profit broadly flat at ¥236 million, down 0.1%.」
Sales volume and revenue declined due to changes in the timing of imported coal sales and other factors, while an increase in high-margin transactions kept segment profit at roughly the year-earlier level. - FY2020-Q1Volume flat and profitability deterioratingAnnual report
「During the first three months of the fiscal year under review, sales volume was flat, but the sales mix changed from the first three months of the previous fiscal year due to differences in the timing of individual customers’ purchases. Although the average selling price increased, a lower proportion of highly profitable transactions and other factors resulted in revenue of ¥4,035 million, up 6.0% year on year, and segment profit of ¥100 million, down 20.7%.」
Sales volume was flat and the average selling price increased, but segment profit declined 20.7% year on year due to the lower proportion of highly profitable transactions and other factors. - FY2019RestatedAnnual report
「In the coal business, higher sales volume, rising coal prices and other factors resulted in revenue of ¥18,767 million for the fiscal year under review, up 39.9% year on year.」
Higher sales volume and coal prices continued throughout the fiscal year, bringing revenue in the coal business to ¥18,767 million, up 39.9% year on year. - FY2019-Q3Higher volume and pricesAnnual report
「Revenue was ¥14,227 million, up 30.3% year on year, and segment profit was ¥376 million, up 0.6%, due to higher volume, rising coal prices and other factors.」
The previous description of prices remaining stable at high levels was replaced by explicit references to higher sales volume and coal prices, and both revenue and segment profit in the coal business exceeded the year-earlier levels. - FY2019-Q2Prices stable at high levels and higher volumeAnnual report
「Sales volume increased slightly, partly because a business partner resumed transactions that had been suspended, while coal prices remained stable at high levels compared with the first six months of the previous fiscal year. Revenue was ¥7,982 million, up 18.2% year on year, and segment profit was ¥236 million, up 1.3%.」
The description of coal prices shifted from an upward trend to stability at high levels, while sales volume increased slightly as a result in part of a business partner resuming transactions. Both revenue and segment profit in the coal business exceeded the year-earlier levels. - FY2019-Q1The coal market continues to riseAnnual report
「Revenue was ¥3,807 million, up 26.4% year on year, and segment profit was ¥127 million, up 19.9%, due in part to the continued rise in the coal market.」
The coal market continued to rise, resulting in year-on-year increases in revenue and profit in the coal business. The explanation continues to focus on the contribution of rising prices to results, rather than the previously cited risks from price and volume fluctuations. - FY2018RestatedAnnual report
「In the coal business, sales volume declined slightly due to changes in delivery timing and other factors, but the rise in the coal market resulted in revenue of ¥13,412 million for the fiscal year under review, up 16.3% year on year.」
Although sales volume declined slightly, the rise in the coal market brought full-year revenue to ¥13,412 million, up 16.3% year on year. - FY2018-Q3RestatedAnnual report
「The substantial rise in coal prices resulted in revenue of ¥10,917 million, up 49.1% year on year, and segment profit of ¥374 million, up 7.7%.」
As in the previous quarter, the substantial rise in coal prices drove revenue growth in the coal business. - FY2018-Q2Revenue growth driven by higher coal pricesAnnual report
「The substantial rise in coal prices resulted in revenue of ¥6,751 million, up 42.9% year on year, and segment profit of ¥233 million, up 2.1%.」
The explanation shifted from the previously reported declines in prices and sales volume to a substantial rise in coal prices that drove revenue growth in the coal business. - FY2018-Q1Shift to higher prices and lower volumeAnnual report
「Although sales volume declined slightly, the rise in coal prices resulted in revenue of ¥3,012 million, up 6.0% year on year, while segment profit was ¥106 million, down 20.2%.」
The explanation shifted from previously reported price declines to rising coal prices, while sales volume declined slightly and segment profit fell 20.2% year on year. - FY2017WorsenedAnnual report
「Due in part to the impact of lower coal sales volume and prices, revenue was ¥12,548 million, down 30.2% year on year, and operating profit was ¥134 million, down 52.7%.」
Lower coal sales volume and prices became evident in full-year results, with consolidated revenue down 30.2% year on year and operating profit down 52.7%. - FY2017-Q3RestatedAnnual report
「Revenue was ¥7,324 million, down 42.6% year on year, and segment profit was ¥347 million, down 23.9%, due to lower sales volume, changes in vessel scheduling and other factors.」
In the coal business, lower sales volume and changes in vessel scheduling continued to reduce revenue and profit. - FY2017-Q2Change in the factors behind the declineAnnual report
「In addition to lower revenue resulting from declining sales volume amid intensifying competition in coal import and sales transactions, revenue for the first six months of the fiscal year under review was ¥5,190 million, down 43.4% year on year, due in part to a ¥287 million decrease from the previous consolidated fiscal year in dividends received from an Australian coal mining company and reimbursements of litigation expenses.」
Coal sales volume continued to decline, but the explanation for the quarter cited intensifying competition in import and sales transactions and changes in vessel scheduling, rather than demand in China and coal prices, as factors behind the decline. - FY2017-Q1First statedAnnual report
「Revenue was ¥2,842 million, down 30.5% year on year, due to lower coal prices and sales volume resulting from weaker demand in China.」
Weaker demand in China became evident in lower coal prices and sales volume, leading to a decline in revenue in the coal business.