Earnings volatility due to fuel price and interest rate fluctuations
First written in FY2016. 6 of 13 entries say "Materialised", first in FY2019-Q1. Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025RestatedAnnual report
「The Company is proceeding with the fixing of interest rates through long-term borrowings to prepare for the risk of short-term interest rate increases, while working to improve and maintain its financing terms.」
In response to interest rate risk, fixing rates through long-term borrowings and improving and maintaining financing terms continue to be cited as countermeasures. - FY2024MitigatedAnnual report
「The Group is proceeding with the fixing of interest rates through long-term borrowings to prepare for the risk of short-term interest rate increases, while working to improve and maintain its financing terms.」
The disclosure explicitly identifies the risk that higher interest rates will increase the cost of debt, and cites fixing rates through long-term borrowings and improving and maintaining financing terms as countermeasures. - FY2024-Q1RestatedAnnual report
「Meanwhile, the outlook for the economy remained uncertain, reflecting factors including the impact on personal consumption of the prolonged Russian invasion of Ukraine and the continued upward trend in prices.」
The prolonged situation in Ukraine and the impact of higher prices on personal consumption continue to be cited as factors contributing to an uncertain economic outlook. - FY2023RestatedAnnual report
「Higher crude oil prices lead to higher fuel costs for buses and taxis and may affect business performance. In the petroleum products sales business, fluctuations in crude oil prices directly affect market selling prices. However, if prices cannot be passed through because of competition with other companies or for other reasons, business performance may be affected.」
Higher transportation fuel costs and difficulty passing through price increases in petroleum products sales remain risks associated with crude oil price fluctuations. - FY2022WorsenedAnnual report
「Higher crude oil prices lead to higher fuel costs for buses and taxis and may affect business performance. In the petroleum products sales business, fluctuations in crude oil prices directly affect market selling prices. However, if prices cannot be passed through because of competition with other companies or for other reasons, business performance may be affected.」
The disclosure explicitly identifies the risk from crude oil price fluctuations, including higher fuel costs and the impact of being unable to pass through price increases in the petroleum products sales business because of competition or other factors. - FY2021MaterialisedAnnual report
「In the petroleum products sales business, operating revenue declined due to lower sales volumes resulting from requests to refrain from going out and other measures associated with the spread of COVID-19, as well as gasoline and other selling prices remaining low throughout the period.」
Low crude oil and gasoline prices, combined with lower sales volumes, have materialized as lower revenue in the petroleum products sales business. - FY2021-Q1MaterialisedAnnual report
「In the petroleum products sales business, operating revenue declined due to lower sales volumes resulting from the spread of eco-friendly vehicles and reduced use of private cars and other vehicles affected by COVID-19, as well as lower selling prices for gasoline and other products resulting from the decline in crude oil prices.」
The decline in selling prices caused by lower crude oil prices actually materialized as a factor contributing to lower revenue in the petroleum products sales business. - FY2020-Q3MaterialisedAnnual report
「In the petroleum products sales business, operating revenue declined due to lower sales volumes resulting from the spread of eco-friendly vehicles and other factors, as well as lower selling prices for gasoline and other products accompanying the decline in crude oil prices.」
The decline in crude oil prices affected lower revenue in the petroleum products sales business through lower selling prices, and fuel-price volatility risk continues to materialize. - FY2020-Q2MaterialisedAnnual report
「In the petroleum products sales business, operating revenue declined due to lower sales volumes resulting from the spread of eco-friendly vehicles and other factors, as well as lower selling prices for gasoline and other products accompanying the decline in crude oil prices.」
The decline in crude oil prices actually affected lower revenue in the petroleum products sales business through lower selling prices, demonstrating fuel-price volatility risk in the opposite direction from a rising-price environment. - FY2019-Q3MaterialisedAnnual report
「In the transportation segment, revenue and profit declined due to a shortage of drivers, the impact of typhoons and higher fuel costs resulting from the surge in crude oil prices.」
The company explicitly identifies higher fuel costs caused by the surge in crude oil prices as a factor in the transportation segment’s decline in revenue and profit. - FY2019-Q1MaterialisedAnnual report
「In the transportation segment, revenue and profit declined due to the reaction to the “Ise-san Kashihakaku 2017” held from April to May of the previous year, the impact of a shortage of drivers, and higher fuel costs resulting from a surge in crude oil prices.」
The company states that higher fuel costs caused by the surge in crude oil prices actually affected the transportation segment’s decline in revenue and profit. - FY2017-Q3RestatedAnnual report
「Overseas, the outlook remained uncertain amid a rising trend in crude oil prices resulting from the OPEC production-cut agreement and unstable international conditions.」
The filing describes the upward trend in crude oil prices as an external factor, but does not state any specific financial impact from it. - FY2016First statedAnnual report
「An increase in crude oil prices would raise the price of fuel required to operate the core bus and taxi businesses, potentially affecting business performance.」
The company describes higher fuel costs caused by rising crude oil prices and the impact of higher interest rates on funding costs and willingness to purchase real estate.