Sluggish Gasoline Sales Driven by the Adoption of Fuel-Efficient Vehicles and Price Competition
First written in FY2018-Q1. 4 of 9 entries say "Restated". Latest entry: FY2021-Q1.
0 other companies' latest entry also says "Mitigated".
- FY2021-Q1MitigatedAnnual report
「In addition, the transfer of the gasoline and kerosene business during the previous fiscal year improved the gross profit margin, as the sales mix shifted significantly toward the higher-margin home-related field and the margin in the lifestyle-related field increased substantially.」
Following the transfer of the gasoline and kerosene business, we no longer have exposure to that business, and the resulting improvements in the sales mix and profit margins have been reported. - FY2020MitigatedAnnual report
「We had operated self-service gasoline stations and kerosene stations to provide convenience for customers arriving by car. However, in light of the medium- to long-term outlook, we gradually transferred this business to Idemitsu Kosan Co.,Ltd. between 1 April 2020 and 10 June 2020.」
To address declining demand for gasoline and kerosene due to the spread of fuel-efficient vehicles and population decline, we transferred this business to Idemitsu Kosan Co.,Ltd. and reduced our business exposure. - FY2020-Q3WorsenedAnnual report
「Meanwhile, the gasoline and kerosene segment remained sluggish due to the effects of a warm winter and declining demand.」
The gasoline and kerosene segment remained sluggish due to the warm winter and declining demand, and revenue in the segment declined 8.6% year on year. - FY2020-Q2WorsenedAnnual report
「However, over the medium to long term, demand for and supply of gasoline and kerosene are expected to decline due to recent significant improvements in passenger vehicle fuel efficiency and the decline in the working-age population.」
In addition to the previously cited spread of fuel-efficient vehicles as a factor behind sluggish sales, we explicitly refer to the expected medium- to long-term decline in demand for and supply of gasoline and kerosene, including the decline in the working-age population. - FY2019-Q3RestatedAnnual report
「Gasoline sales increased significantly due to higher crude oil prices. As a result, revenue increased by ¥413 million from the same quarter of the previous year to ¥10.738 billion, up 4.0% year on year.」
We continue to report the situation in which higher crude oil prices lead to increased revenue in the gasoline segment. - FY2019-Q2RestatedAnnual report
「Gasoline sales increased significantly due to higher crude oil prices. As a result, revenue increased by ¥476 million from the same quarter of the previous year to ¥6.506 billion, up 7.9% year on year.」
We continue to report the situation in which higher crude oil prices lead to increased revenue in the gasoline segment. - FY2018-Q3RestatedAnnual report
「Gasoline sales volumes remained sluggish due to the spread of fuel-efficient vehicles and intense price competition.」
The sluggishness of gasoline sales volumes due to the spread of fuel-efficient vehicles and price competition continued. - FY2018-Q2RestatedAnnual report
「Gasoline sales volumes remained sluggish due to the spread of fuel-efficient vehicles and intense price competition. As a result, revenue decreased by ¥210 million from the same quarter of the previous year to ¥6.029 billion, down 3.4% year on year.」
The sluggishness of gasoline sales due to the spread of fuel-efficient vehicles and price competition continued, and revenue in the gasoline and kerosene segment declined 3.4% year on year. - FY2018-Q1MaterialisedAnnual report
「Gasoline sales volumes remained sluggish and sales value declined due to the spread of fuel-efficient vehicles, including hybrid vehicles, and intense price competition.」
The spread of fuel-efficient vehicles and intense price competition were reflected in sluggish gasoline sales volumes and lower sales value.