Rising Energy Costs Due to Soaring Crude Oil Prices
First written in FY2019-Q3. 6 of 14 entries say "Worsened", first in FY2022. Latest entry: FY2026.
Renaissance moved to the "Worse" side of this theme in 2019, 3 years before the typical company in this theme (2022).
2 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In particular, in a business environment where various costs, including utility and labour costs, are expected to remain high, we regard restoring profitability across the business, including the underlying earnings structure, as an urgent priority in order to continue operating our core sports club business.」
We stated that restoring profitability across the business was an urgent priority, based on the assumption that utility, labour and other costs would remain high. - FY2025-H1MitigatedAnnual report
「Costs came in below plan, mainly because government subsidies contained utility costs and some store repair expenses and post-merger integration (PMI) costs related to the merger with Oasis were deferred to the second half of the year.」
Although the risk of persistently high and rising utility costs remains, costs for the interim period were below plan due to government subsidies and other measures. - FY2024-Q3MitigatedAnnual report
「Costs remained substantially below plan because utility expenses were contained through company-wide energy-saving measures and the government’s program to mitigate sharp increases in electricity and gas prices.」
Despite persistently high utility costs and the risk of further increases, company-wide energy-saving measures and the government's price-relief measures kept costs well below plan. - FY2024-Q2MitigatedAnnual report
「From a cost perspective, costs remained below plan because utility expenses were contained through company-wide energy-saving measures and the government’s program to mitigate sharp increases in electricity and gas prices.」
Although the risk of persistently high or rising utility expenses remains, costs were below plan due to company-wide energy-saving measures and the government’s price-mitigation measures. - FY2024-Q1MitigatedAnnual report
「From a cost perspective, utility expenses remained elevated, but costs were substantially below plan due to company-wide energy-saving measures and the government’s program to mitigate sharp increases in electricity and gas prices.」
Utility expenses remain elevated, but quarterly costs were substantially below plan due to energy-saving measures and the government’s price-mitigation measures. - FY2023WorsenedAnnual report
「In response to the government’s request to conserve electricity, we implemented electricity conservation measures during the summer (July to September) and winter (December to March), but utility expenses rose by more than expected.」
Although electricity conservation measures were implemented, utility expenses rose by more than expected due to soaring resource prices, resulting in a full-year impact that reduced operating profit. - FY2023-Q3WorsenedAnnual report
「On the other hand, unit utility costs rose due to soaring resource prices and other factors, causing expense outlays to exceed expectations. In response to the government’s request to conserve electricity, we implemented electricity conservation measures during the summer (July to September) and winter (December to March, planned), but the increase in utility expenses due to soaring resource prices exceeded expectations.」
The increase in utility expenses due to soaring resource prices exceeded expectations, affecting expense outlays and profit for the cumulative third quarter. Winter electricity conservation measures were also scheduled in addition to the summer measures. - FY2023-Q2WorsenedAnnual report
「From a cost perspective, utility expenses rose to a level exceeding expectations due to soaring resource prices.」
Utility expenses rose to a level exceeding expectations as resource prices soared, increasing the impact of energy cost risks. - FY2023-Q1WorsenedAnnual report
「Energy costs are trending higher amid soaring global resource prices. In response to the government’s request to conserve electricity from July onward, we are also implementing electricity conservation and energy-saving measures throughout our facilities.」
The Company stated that energy costs were trending higher against a backdrop of soaring global resource prices. It also began implementing electricity conservation and energy-saving measures throughout its facilities. - FY2022WorsenedAnnual report
「Operating costs, including fuel expenses, are currently trending higher, and we expect the challenging business environment to continue.」
Rising energy costs due to soaring crude oil prices continue to raise concerns about higher operating costs, including fuel expenses. - FY2020-Q2MaterialisedAnnual report
「Operating profit increased despite higher expenses resulting from higher energy costs per unit caused by the surge in crude oil prices and the strengthening of the organization for developing new business formats. This was due to the 2.2% year-on-year increase in membership to 421,427 and the contribution to earnings from sports clubs opened in the previous fiscal year.」
Higher unit energy costs resulting from soaring crude oil prices were explicitly cited as a factor behind increased expenses in the cumulative second quarter. - FY2020-Q1MaterialisedAnnual report
「Operating profit was ¥543 million, down 14.7% year on year, due to higher unit energy costs resulting from soaring crude oil prices and increased expenses associated with the expanded use of digital solutions, among other factors.」
Higher unit energy costs resulting from soaring crude oil prices were explicitly cited as one factor behind the 14.7% year-on-year decline in operating profit in the first quarter. - FY2019MaterialisedAnnual report
「Operating profit was ¥3,782 million, down 6.9% year on year, partly due to higher energy costs per unit and increased expenses associated with the increase in new club facilities.」
Higher unit energy costs resulting from soaring crude oil prices and other factors were explicitly cited as a factor behind the decline in full-year operating profit. - FY2019-Q3First statedAnnual report
「Operating profit was ¥2,781 million, down 5.3% year on year, and ordinary profit was ¥2,681 million, down 3.1%, due to the impact of launch costs for new clubs, higher energy costs per unit resulting from the surge in crude oil prices, and other factors.」
Higher unit energy costs resulting from soaring crude oil prices were explicitly cited as a factor behind the decline in profit.