Higher Revenue and Profit Driven by Rising Crude Oil and Natural Gas Prices and Increased Domestic Natural Gas Sales Volumes
First written in FY2018-Q2. 10 of 25 entries say "Restated". Latest entry: 2026-05-13.
The whole theme swung hardest in 2022: 2 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Cited as achieved".
- 2026-05-13Cited as achievedRevision of earnings forecasts
「For the company's non-consolidated results for the fiscal year, revenue, operating income and ordinary income declined because of lower sales volumes and selling prices for crude oil, natural gas and liquefied natural gas.」
The quotation records lower revenue and earnings in the company's non-consolidated results due to lower sales volumes and selling prices for crude oil, natural gas and liquefied natural gas. - FY2026-H1Lower revenue and profit due to lower prices and LNG sales volumesAnnual report
「The main reasons for the decreases in revenue and profit from the year-earlier period were lower selling prices for crude oil and natural gas and decreased liquefied natural gas sales volumes.」
The company shifted from a trend of higher revenue and profit in the year-earlier period to lower revenue and profit, mainly because selling prices for crude oil and natural gas declined and liquefied natural gas sales volumes decreased. - FY2025AdvancedAnnual report
「For the fiscal year, revenue was ¥389,082 million, an increase of ¥63,218 million from the previous fiscal year (+19.4%), while gross profit was ¥99,157 million, an increase of ¥11,860 million (+13.6%). The main reasons for the increases in revenue and profit were increased crude oil sales volumes in North America and Europe and increased liquefied natural gas sales volumes.」
Driven mainly by increased crude oil sales volumes in North America and Europe and increased liquefied natural gas sales volumes, annual revenue was ¥389,082 million and gross profit was ¥99,157 million, resulting in higher revenue and profit. - FY2025-H1Higher revenue and profit from increased overseas crude oil sales volumesAnnual report
「For the six months ended 30 September, revenue was ¥183,606 million, an increase of ¥32,897 million year on year (+21.8%), while gross profit was ¥46,495 million, an increase of ¥3,191 million (+7.4%). The main reason for the increases in revenue and profit was increased crude oil sales volumes in North America and Europe.」
Driven mainly by increased crude oil sales volumes in North America and Europe, revenue was ¥183,606 million and gross profit was ¥46,495 million, resulting in higher revenue and profit. - FY2024-Q3Higher revenue but lower profit due to increased crude oil sales volumes and market price stabilizationAnnual report
「For the nine months ended 31 December, revenue was ¥229,938 million, an increase of ¥4,833 million year on year (+2.1%), while gross profit was ¥62,745 million, a decrease of ¥1,143 million (-1.8%). The main reason for the increase in revenue but decline in profit was that, although crude oil sales volumes increased in North America and the Middle East, market prices for crude oil and other products stabilized from the year-earlier period, causing selling prices for crude oil, natural gas and electricity to decline.」
Revenue increased on higher crude oil sales volumes in North America and the Middle East, while gross profit declined because market price stabilization led to lower selling prices for crude oil, natural gas, electricity and other products. - FY2024-Q2RestatedAnnual report
「For the six months ended 30 September, revenue was ¥150,708 million, an increase of ¥30,000 million year on year (+24.9%), while gross profit was ¥43,304 million, an increase of ¥9,323 million (+27.4%). The main reasons for the increases in revenue and profit were higher domestic selling prices for natural gas, reflecting the rise in LNG prices, among other factors, and increased crude oil sales volumes in North America.」
Cumulative revenue and gross profit continued to increase, driven by higher domestic natural gas selling prices resulting from rising LNG prices and increased North American crude oil sales volumes. - FY2024-Q1Higher revenue and profit from rising LNG prices and increased North American crude oil sales volumesAnnual report
「For the three months ended 30 June, revenue was ¥61,321 million, an increase of ¥2,704 million year on year (+4.6%), while gross profit was ¥20,508 million, an increase of ¥3,812 million (+22.8%). The main reasons for the increases in revenue and profit were higher domestic selling prices for natural gas, reflecting the rise in LNG prices, among other factors, and increased crude oil sales volumes in North America.」
Revenue and gross profit increased year on year in the quarter, mainly because of higher domestic natural gas selling prices driven by rising LNG prices and increased North American crude oil sales volumes. - FY2023-Q3RestatedAnnual report
「For the nine months ended 31 December, revenue was ¥225,105 million, an increase of ¥53,740 million year on year (+31.4%), while gross profit was ¥63,888 million, an increase of ¥29,377 million (+85.1%). The main reason for the increases in revenue and profit was that, although the transfer of all shares in Japan Canada Oil Sands Limited (hereinafter, “JACOS”), formerly a consolidated subsidiary promoting the Canadian oil sands project, during the previous fiscal year eliminated diluted bitumen sales, domestic selling prices for crude oil and natural gas rose as crude oil and LNG prices increased.」
Although the transfer of JACOS eliminated diluted bitumen sales and reduced revenue, cumulative revenue and gross profit increased year on year, mainly because higher crude oil and LNG prices lifted domestic selling prices for crude oil and natural gas. - FY2023-Q2RestatedAnnual report
「For the six months ended 30 September, revenue was ¥120,708 million, an increase of ¥2,200 million year on year (+1.9%), while gross profit was ¥33,980 million, an increase of ¥8,195 million (+31.8%). The main reason for the increases in revenue and profit was that, although the transfer of all shares in Japan Canada Oil Sands Limited (hereinafter, “JACOS”), formerly a consolidated subsidiary promoting the Canadian oil sands project, during the previous fiscal year eliminated diluted bitumen sales, domestic selling prices for crude oil and natural gas rose as crude oil and LNG prices increased.」
Although the transfer of JACOS eliminated diluted bitumen sales and reduced revenue, higher domestic selling prices for crude oil and natural gas, driven by rising crude oil and LNG prices, resulted in cumulative increases in revenue and profit, confirming this pattern once again. - FY2023-Q1Higher revenue and profit due to higher prices and a changed business mix following the transfer of a businessAnnual report
「Revenue for the three-month period ended the first quarter was ¥58,617 million, an increase of ¥8,533 million year on year (+17.0%), while gross profit was ¥16,696 million, an increase of ¥5,517 million (+49.4%). The main factors behind the increases in revenue and profit were the loss of diluted bitumen sales, which reduced revenue following the transfer of all shares in Japan Canada Oil Sands Limited (JACOS), a consolidated subsidiary that promoted the Canada oil sands project, during the previous consolidated fiscal year, offset by improved domestic crude oil and natural gas sales margins resulting from higher crude oil prices.」
Although the transfer of JACOS eliminated diluted bitumen sales and reduced revenue, revenue and gross profit increased year on year, mainly because higher crude oil prices improved the domestic crude oil and natural gas sales balance. - FY2022RestatedAnnual report
「Revenue for the consolidated fiscal year was ¥249,140 million, an increase of ¥9,062 million year on year (+3.8%), while gross profit was ¥49,903 million, an increase of ¥13,368 million (+36.6%).」
Although the annual results showed higher revenue and profit due to improved domestic crude oil and diluted bitumen sales margins resulting from higher crude oil prices and other factors, net loss attributable to owners of the parent was ¥30,988 million due to extraordinary losses. - FY2022-Q3RestatedAnnual report
「Revenue for the nine-month period ended the third quarter was ¥171,364 million, an increase of ¥21,264 million year on year (+14.2%), while gross profit was ¥34,511 million, an increase of ¥15,769 million (+84.1%). The main factors behind the increases in revenue and profit were improved domestic crude oil and diluted bitumen sales margins due to higher crude oil prices and increased electricity sales volumes resulting from the Fukushima Natural Gas Power Plant operating for the full year, despite the revenue-reducing effect of presenting most crude oil purchase and resale transactions on a net basis following the application of the accounting standard for revenue recognition.」
Higher revenue and profit driven by improved domestic crude oil and diluted bitumen sales margins due to higher crude oil prices and increased electricity sales volumes resulting from the Fukushima Natural Gas Power Plant operating for the full year were also confirmed for the nine-month period ended the third quarter. - FY2022-Q2Return to higher revenue and earningsAnnual report
「Revenue for the six-month period ended the second quarter was ¥118,507 million, an increase of ¥20,380 million year on year (+20.8%), while gross profit was ¥25,784 million, an increase of ¥16,900 million (+190.2%). The main factors behind the increases in revenue and profit were improved domestic crude oil and diluted bitumen sales margins due to higher crude oil prices and increased electricity sales volumes resulting from the Fukushima Natural Gas Power Plant operating for the full year, despite the revenue-reducing effect of presenting most crude oil purchase and resale transactions on a net basis following the application of the accounting standard for revenue recognition.」
The business shifted from lower revenue and higher profit in the first quarter to higher revenue and profit for the six-month period, with revenue up 20.8% and gross profit up 190.2%. - FY2022-Q1A shift to lower revenue and higher profitAnnual report
「Revenue for the three-month period ended the first quarter was ¥50,083 million, a decrease of ¥935 million year on year (△1.8%), while gross profit was ¥11,179 million, an increase of ¥8,779 million (+365.9%). The main factors behind the decrease in revenue and increase in profit were improved domestic crude oil and diluted bitumen sales margins due to higher crude oil prices, as well as increased electricity sales volumes resulting from the Fukushima Natural Gas Power Plant operating for the full year.」
The performance drivers changed from lower revenue and profit in the previous fiscal year due to lower sales volumes and prices to lower revenue and higher profit due to higher crude oil prices and increased electricity sales volumes. - FY2021-Q2RestatedAnnual report
「Revenue for the six-month period ended the second quarter was ¥98,127 million, a decrease of ¥64,219 million year on year (△39.6%), while gross profit was ¥8,884 million, a decrease of ¥14,217 million (△61.5%).」
The performance structure shifted from higher revenue and profit in the previous fiscal year to lower revenue and profit due to lower sales volumes and prices and deterioration in diluted bitumen sales margins, and this continued through the six-month period ended the second quarter. - FY2021-Q1Reversed from higher revenue and profit to lower revenue and profitAnnual report
「Revenue for the three-month period ended the first quarter was ¥51,018 million, a decrease of ¥42,233 million year on year (△45.3%), while gross profit was ¥2,399 million, a decrease of ¥10,040 million (△80.7%).」
The performance drivers changed from higher revenue and profit in the previous fiscal year due to increased sales volumes and a narrowing heavy-light differential to a substantial decrease in revenue and profit this quarter due to lower sales volumes and selling prices and deterioration in diluted bitumen sales margins. - FY2020RestatedAnnual report
「Revenue for the consolidated fiscal year was ¥318,822 million, an increase of ¥50,842 million year on year (+19.0%), while gross profit was ¥47,042 million, an increase of ¥12,196 million (+35.0%).」
The annual results also showed higher revenue and profit, mainly due to increased crude oil and diluted bitumen sales volumes and higher selling prices resulting from a narrowing heavy-light differential. - FY2020-Q3RestatedAnnual report
「Revenue for the nine-month period ended the third quarter was ¥247,819 million, an increase of ¥40,393 million year on year (+19.5%), while gross profit was ¥35,157 million, an increase of ¥9,712 million (+38.2%). The main factors behind the increases in revenue and profit were higher revenue due to increased crude oil sales volumes and diluted bitumen sales volumes from the JACOS Hangingstone project. Gross profit increased mainly due to improved sales margins for diluted bitumen resulting from a narrowing heavy-light differential in the oil sands business, meaning the price difference between Canadian heavy oil and WTI, a light oil.」
Higher revenue and profit driven by increased crude oil and diluted bitumen sales volumes from the Hangingstone project and improved sales margins due to a narrowing heavy-light differential were also confirmed for the nine-month period ended the third quarter. - FY2020-Q2RestatedAnnual report
「Revenue for the six-month period ended the second quarter was ¥162,346 million, an increase of ¥47,210 million year on year (+41.0%), while gross profit was ¥23,101 million, an increase of ¥8,975 million (+63.5%). The main factors behind the increases in revenue and profit were higher revenue due to increased crude oil sales volumes and diluted bitumen sales volumes from the JACOS Hangingstone project. Gross profit increased mainly due to improved sales margins for diluted bitumen resulting from a narrowing heavy-light differential in the oil sands business, meaning the price difference between Canadian heavy oil and WTI, a light oil.」
Higher revenue and profit driven by increased crude oil and diluted bitumen sales volumes and improved diluted bitumen sales margins due to a narrowing heavy-light differential were also confirmed for the six-month period ended the second quarter. - FY2020-Q1A shift to higher revenue and profit due to increased sales volumes and a narrowing heavy-light differentialAnnual report
「Revenue for the three-month period ended the first quarter was ¥93,252 million, an increase of ¥35,629 million year on year (+61.8%), while gross profit was ¥12,440 million, an increase of ¥7,360 million (+144.9%). The main factors behind the increases in revenue and profit were higher revenue due to increased crude oil and liquefied natural gas sales volumes, as well as increased diluted bitumen sales volumes from the JACOS Hangingstone project. Gross profit increased mainly due to improved sales margins for diluted bitumen resulting from a narrowing heavy-light differential in the oil sands business, meaning the price difference between Canadian heavy oil and WTI, a light oil.」
The performance drivers changed from higher revenue and lower profit in the previous fiscal year due to a widening heavy-light differential and higher operating costs at the Soma LNG terminal to higher revenue and profit due to increased crude oil, LNG and diluted bitumen sales volumes and a narrowing heavy-light differential. - FY2019Annual confirmation of higher revenue and lower profit amid a widening heavy-light differentialAnnual report
「Revenue for the consolidated fiscal year was ¥267,980 million, an increase of ¥37,350 million year on year (+16.2%), while gross profit was ¥34,846 million, a decrease of ¥4,416 million (△11.2%). The increase in revenue and decrease in profit compared with the previous consolidated fiscal year resulted from higher revenue, mainly due to higher crude oil and natural gas selling prices and bitumen sales from the Hangingstone project of Japan Canada Oil Sands Limited (JACOS), which began full-scale production in August 2017. Gross profit declined due to deterioration in the sales margin for diluted bitumen resulting from a widening heavy-light differential in the oil sands business, meaning the price difference between Canadian heavy oil and WTI, a light oil, as well as higher operating costs associated with full-year operation of the Soma LNG terminal, which began operations in March 2018.」
In the annual results, revenue increased due to higher crude oil and natural gas prices and bitumen sales from the Hangingstone project, while gross profit decreased due to the widening heavy-light differential and full-year operating costs at the Soma LNG terminal. - FY2019-Q3Higher revenue from higher prices and bitumen sales, alongside lower profit due to operating costsAnnual report
「Revenue for the nine-month period ended the third quarter was ¥207,425 million, an increase of ¥49,151 million year on year (+31.1%), while gross profit was ¥25,445 million, a decrease of ¥1,371 million (△5.1%). The main factors behind the increase in revenue and decrease in profit were higher revenue, mainly due to higher crude oil and natural gas selling prices and bitumen sales from the Hangingstone project of Japan Canada Oil Sands Limited (JACOS), which began full-scale production in August 2017, while gross profit declined due mainly to higher operating costs at the Soma LNG terminal, which began operations in March 2018.」
Revenue increased due to higher crude oil and natural gas selling prices and bitumen sales from the Hangingstone project, while gross profit decreased due to higher operating costs at the Soma LNG terminal and other factors. - FY2019-Q1Sales volumes changed from an increase to a decreaseAnnual report
「Revenue for the three-month period ended the first quarter was ¥57,623 million, a decrease of ¥2,180 million year on year (△3.6%), while gross profit was ¥5,079 million, a decrease of ¥4,569 million (△47.4%). The main factors behind the decreases in revenue and profit were lower crude oil and natural gas sales volumes, despite higher selling prices.」
The performance drivers changed from higher revenue and profit due to higher crude oil and natural gas prices and increased domestic natural gas sales volumes through the previous period to lower revenue and profit this period, as crude oil and natural gas sales volumes declined despite higher prices. - FY2018-Q3RestatedAnnual report
「Revenue for the nine-month period ended the third quarter was ¥158,274 million, an increase of ¥13,596 million year on year (+9.4%), while gross profit was ¥26,816 million, an increase of ¥6,148 million (+29.7%). The main factors behind the increases in revenue and profit were higher selling prices for crude oil and natural gas, together with increased domestic natural gas sales volumes and other factors.」
The Company disclosed another increase in revenue and profit for the nine-month period, mainly driven by higher crude oil and natural gas selling prices and increased domestic natural gas sales volumes. - FY2018-Q2First statedAnnual report
「Revenue for the six-month period ended the second quarter was ¥112,382 million, an increase of ¥20,887 million year on year (+22.8%), while gross profit was ¥17,884 million, an increase of ¥6,209 million (+53.2%). The main factors behind the increases in revenue and profit were higher selling prices for crude oil and natural gas, together with increased domestic natural gas sales volumes.」
The increase in revenue and profit for the six-month period, driven mainly by higher crude oil and natural gas selling prices and increased domestic natural gas sales volumes, is recorded as a standalone performance fact for the first time.