Import Price and Exchange Rate Fluctuations and the Time Lag in Sales Price Revisions
First written in FY2016. 21 of 36 entries say "Materialised", first in FY2017-Q1. Latest entry: 2026-09-11.
Toell moved to the "Worse" side of this theme in 2017.
0 other companies' latest entry also says "Restated".
- 2026-09-11RestatedEarnings
「There are uncertain factors, including climate change, CP prices and movements in the yen/US dollar exchange rate. If it becomes necessary to revise the earnings forecast in the future, we plan to disclose the revision promptly.」
Uncertain factors that could affect the earnings forecast, including CP prices and movements in the yen/US dollar exchange rate, continue to be identified. - FY2026MaterialisedAnnual report
「However, net sales declined because selling prices fell as full-year LP gas import prices were lower than in the previous consolidated fiscal year.」
Lower imported LPG prices actually materialized as lower revenue in the Energy business through reduced selling prices. - 2026-06-11MaterialisedRevision of earnings forecasts
「However, net sales declined because selling prices fell as full-year LP gas import prices were lower than in the previous consolidated fiscal year.」
Lower LP gas import prices and lower selling prices resulted in lower full-year net sales in the Energy business. - FY2026-H1MaterialisedAnnual report
「Although lower selling prices resulting from imported LPG prices remaining below the previous year's level had an impact, net sales declined only slightly, partly due to the contribution from merchandise sales at events.」
Imported LPG prices remained low, and the resulting decline in selling prices actually occurred, affecting net sales in the Energy business. - FY2025MaterialisedAnnual report
「In the Energy business segment, unit consumption declined as average temperatures rose, but sales volume was maintained at the previous year's level as the customer base expanded. In addition, higher selling prices resulting from elevated imported LPG prices led to higher revenue. On the other hand, profit declined because cost of sales exceeded the previous year's level as imported LPG prices remained high.」
Higher imported LPG prices and cost of sales actually occurred, resulting in lower profit in the Energy business despite higher revenue from increased selling prices. - FY2025-H1MaterialisedAnnual report
「Although average temperatures rose and unit consumption declined, sales volume was maintained at the previous year's level. Net sales increased as imported LPG prices exceeded the year-earlier level, driving up selling prices.」
Imported LPG prices actually exceeded the year-earlier level, contributing to higher selling prices and revenue. - FY2024-Q3MitigatedAnnual report
「Although overall costs increased due to the weaker yen, profit increased as a result of lower manufacturing costs, including fixed-cost reductions and lower depreciation expense.」
Although costs increased due to the weaker yen, it is explained that profit in the Water business increased as a result of lower manufacturing costs, including fixed-cost reductions and lower depreciation expense. - FY2024-Q2MitigatedAnnual report
「Although overall costs increased due to the weaker yen, profit increased as a result of lower manufacturing costs, including fixed-cost reductions and lower depreciation expense.」
Although costs increased due to the weaker yen, it is explained that profit in the Water business increased as a result of lower manufacturing costs, including fixed-cost reductions and lower depreciation expense. - FY2024-Q1MitigatedAnnual report
「Although overall costs increased due to the weaker yen, profit increased as a result of lower manufacturing costs, including fixed-cost reductions and lower depreciation expense.」
Although higher import and overall costs resulting from the weaker yen have continued, profit in the Water business increased due to lower manufacturing costs, including fixed-cost reductions and lower depreciation expense. - FY2023MaterialisedAnnual report
「Selling prices rose in line with higher imported LPG prices, resulting in higher net sales than in the previous consolidated fiscal year.」
Higher imported LPG prices and selling prices actually occurred, contributing to higher revenue in the Energy business. - FY2023-Q3MitigatedAnnual report
「Although overall costs increased due to the weaker yen, profit increased through efficiencies in manufacturing costs, including fixed-cost reductions and lower depreciation expense.」
Although costs increased due to the weaker yen, profit in the Water business increased through efficiencies in manufacturing costs, including fixed-cost reductions and lower depreciation expense. - FY2023-Q2MitigatedAnnual report
「Although overall costs increased due to the weaker yen, profit increased through efficiencies in manufacturing costs, including fixed-cost reductions and lower depreciation expense.」
Although overall costs have increased due to the weaker yen, it is explained that profit in the Water business increased as a result of fixed-cost reductions and lower depreciation expense. - FY2023-Q1MaterialisedAnnual report
「Although the impact of COVID-19 has continued, sales volume has gradually recovered, resulting in higher net sales year on year. Profit declined due to higher import costs resulting from the weaker yen.」
Higher import costs resulting from the weaker yen materialized as lower profit in the Water business, confirming the impact of fluctuations in exchange rates and import costs. - FY2022WorsenedAnnual report
「In this adverse environment, marked by sluggish gas demand due to a decline in new housing starts associated with the declining birthrate and aging population, as well as the spread of energy-efficient equipment, and by excessive price-cutting competition within the industry, the company has leveraged as a strength its proprietary logistics system, which it has developed since its founding」
In addition to the conventional risks related to import prices and exchange-rate fluctuations, it is explicitly stated that imported LPG prices may become more volatile due to soaring resource prices resulting from the situation in Ukraine and trends in supply and demand and foreign exchange rates. - FY2022-Q3WorsenedAnnual report
「Higher LP gas import prices led to higher selling prices and higher revenue year on year. However, the increase in cost of sales was substantial, resulting in lower Energy segment profit year on year.」
Although higher selling prices driven by elevated imported LPG prices led to higher revenue, the increase in cost of sales was greater, resulting in lower year-on-year segment profit in the Energy business. - FY2022-Q2MaterialisedAnnual report
「Higher LP gas import prices led to higher selling prices, resulting in higher revenue and higher Energy segment profit year on year.」
High LP gas import prices and higher selling prices actually occurred, contributing to higher revenue and profit in the Energy business. - FY2022-Q1MaterialisedAnnual report
「Higher LP gas import prices led to higher selling prices and higher revenue year on year, while higher cost of sales resulted in lower Energy segment profit year on year.」
High LP gas import prices and higher cost of sales actually occurred, resulting in lower Energy segment profit. - FY2021-Q3RestatedAnnual report
「Revenue declined year on year because selling prices fell due in part to low LP gas import prices. However, profit increased because the company continued supplying customers without interrupting operations as a lifeline provider and worked to reduce expenses.」
Although low LP gas import prices and falling selling prices continued to reduce revenue, the company explains that lower expenses resulted in higher profit. - FY2021-Q2MaterialisedAnnual report
「Revenue declined year on year because selling prices fell due in part to low LP gas import prices. However, profit increased because the company continued supplying customers without interrupting operations as a lifeline provider and worked to reduce expenses.」
Low LP gas import prices and falling selling prices actually reduced revenue, while lower expenses and other measures resulted in higher profit. - FY2021-Q1MaterialisedAnnual report
「Revenue declined year on year because selling prices fell due to temperatures remaining higher than the previous year and low LP gas import prices, among other factors. However, profit increased because the company continued supplying customers without interrupting operations as a lifeline provider and worked to reduce expenses.」
Low LP gas import prices and falling selling prices actually occurred, becoming factors behind lower revenue in the Energy business. - FY2020MaterialisedAnnual report
「In the Energy segment, sales volumes remained at the previous year’s level during the current fiscal year despite the effects of an unusually warm winter and the COVID-19 pandemic. However, revenue declined 5.7% year on year to ¥16,444 million due to lower selling prices resulting in part from low LP gas import prices.」
Low LP gas import prices and falling selling prices actually occurred, becoming factors behind lower revenue in the Energy business. - FY2020-Q3MaterialisedAnnual report
「Although revenue declined year on year because selling prices fell due in part to low LP gas import prices, profit increased as the company focused on selling at appropriate prices, including by improving transaction terms.」
The company explains that lower revenue resulting from low LP gas import prices and falling selling prices was offset by higher profit from selling at appropriate prices through improved transaction terms and other measures. - FY2020-Q2MaterialisedAnnual report
「Although gas demand increased, revenue and profit declined year on year because selling prices fell due in part to low LP gas import prices.」
Low LP gas import prices and falling selling prices actually occurred, resulting in lower revenue and profit in the Energy business. - FY2020-Q1MaterialisedAnnual report
「Although gas demand increased because temperatures remained lower than the previous year, revenue declined year on year because selling prices fell due in part to low LP gas import prices.」
Low LP gas import prices and falling selling prices actually occurred, becoming factors behind lower revenue in the Energy business. - FY2019MaterialisedAnnual report
「Selling prices were revised and other measures were taken to reflect the increase in cost of sales resulting from high LP gas import prices, resulting in higher revenue. However, profit declined because of a lag between the increase in cost of sales and the revision of selling prices.」
High LP gas import prices and the lag in selling price revisions actually occurred, becoming factors behind lower profit in the Energy business. - FY2019-Q3MaterialisedAnnual report
「However, profit declined as high LP gas import prices increased cost of sales and a lag arose in revising selling prices.」
High LP gas import prices and the lag in selling price revisions actually occurred, resulting in lower profit in the Energy business. - FY2019-Q2MaterialisedAnnual report
「Crude oil prices were pushed up by concerns over geopolitical and political risks in the Middle East, and LP gas import prices also remained higher than in the same quarter of the previous year, prompting selling price revisions and increasing revenue. However, profit declined because price revisions lagged behind the rise in cost of sales caused by the sharp increase in LP gas import prices.」
The surge in LP gas import prices caused by geopolitical factors and the lag in selling price revisions actually occurred, resulting in lower profit in the Energy business. - FY2019-Q1WorsenedAnnual report
「As concerns over geopolitical and political risks in the Middle East pushed up international energy prices, LP gas import prices also remained higher than in the same quarter of the previous year, resulting in higher selling prices.」
Against a backdrop of geopolitical risks in the Middle East, international energy prices and LP gas import prices remained high, and the resulting price increases appeared in the actual business environment. - FY2018-Q3MaterialisedAnnual report
「LP gas import prices began rising in October 2017 due to the upward trend in international crude oil prices and remained higher than the previous year.」
LP gas import prices began rising in October 2017, and the lag in price revisions actually resulted in a 9.4% year-on-year decline in Energy segment profit. - FY2018-Q2WorsenedAnnual report
「LP gas import prices had remained low for an extended period, but began to rise this year and remained higher than in the same period of the previous year.」
LP gas import prices shifted to an upward trend and were higher year on year. The lag in retail price revisions in response to higher cost of sales also occurred, resulting in a 4.3% year-on-year decline in Energy segment profit. - FY2018-Q1MaterialisedAnnual report
「In the current fiscal year, revenue had continued to decline because selling prices were reduced as cost of sales fell over the past several years. However, revenue and profit increased due to higher sales volumes and a review of prices toward appropriate levels.」
The company explains that reductions in selling prices accompanying lower cost of sales affected the decline in revenue, while higher sales volumes and a review of prices toward appropriate levels contributed to higher revenue and profit. - FY2017RestatedAnnual report
「For household customers, the company revises prices while carefully monitoring price trends to obtain consumer understanding, which can create a lag between cost of sales and selling prices and affect profit.」
The company continues to recognize that fluctuations in costs caused by import prices and exchange rates, as well as the lag in reflecting them in household selling prices, are factors causing earnings volatility. - FY2017-Q3RestatedAnnual report
「Revenue declined in the nine months ended December 31 because selling prices were also reduced as the decline in LP gas import prices lowered cost of sales. However, operating profit increased because the company worked to adjust selling prices when prices were revised.」
The effects of fluctuations in LP gas import prices and revisions to selling prices continued to appear in results, with adjustments made when prices were revised affecting operating profit. - FY2017-Q2RestatedAnnual report
「Revenue declined in the six months ended September 30 because selling prices were also reduced as the decline in LP gas import prices lowered cost of sales. However, operating profit increased because the company worked to adjust selling prices when prices were revised.」
The effects of fluctuations in LP gas import prices and revisions to selling prices continued to appear in results, with price adjustments contributing to higher operating profit. - FY2017-Q1MaterialisedAnnual report
「Operating profit increased due to profits generated by the lag between the decline in cost of sales and revisions to selling prices, as well as the restraint shown in the extent of price reductions.」
The company explains that the lag between changes in selling prices and costs actually affected profit and, together with restrained price reductions, contributed to higher profit in the LP gas business. - FY2016First statedAnnual report
「Japan depends on imports for 80% of its LP gas consumption. Import prices are determined by CP, announced monthly by Saudi Aramco, Saudi Arabia’s state-owned oil company, and by exchange rates.」
The company explains that LP gas’s 80% import dependence, price fluctuations driven by CP and exchange rates, and the lag in reflecting these changes in household selling prices are factors causing earnings volatility.