North American Business Risk from Gasoline Price Fluctuations
First written in FY2016. 10 of 18 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2027-H1.
Seven & i Holdings moved to the "Worse" side of this theme in 2016, 4 years before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 5 of 9 companies on the "Worse" side.
0 other companies' latest entry also says "Other".
- FY2027-H1Gasoline earnings exceeded the prior-year periodAnnual report
「Gasoline earnings exceeded the prior-year period due to the impact of market fluctuations.」
Although gasoline market conditions fluctuated in the North American business, gasoline earnings for the interim consolidated accounting period exceeded those of the prior-year period. - FY2025WorsenedAnnual report
「In countries where restrictions on gasoline-powered vehicle sales and the transition to electric vehicles (EVs) and other alternatives are progressing, revenue from gasoline sales may decline in the future, and customer traffic at stores with service stations may also decrease.」
In addition to the short-term impact of gasoline price fluctuations, the disclosure explicitly identifies the medium- to long-term risk of declining demand and revenue due to the transition to EVs and restrictions on gasoline-powered vehicles. - FY2024-Q3MaterialisedAnnual report
「In addition, total chain sales, comprising sales at company-operated and franchised stores, were ¥7,614,299 million, or 97.7% of the previous-year period, as the decline in gasoline prices and sales volume outweighed growth in merchandise sales.」
The North American business actually experienced lower gasoline prices and sales volume, and total chain sales were 97.7% of the previous-year period. - FY2024-Q2MaterialisedAnnual report
「In addition, total chain sales, comprising sales at company-operated and franchised stores, were ¥4,820,878 million, or 98.3% of the previous-year period, as the decline in gasoline prices and sales volume outweighed growth in merchandise sales.」
The North American business actually experienced lower gasoline prices and sales volume, and total chain sales were 98.3% of the previous-year period. - FY2024-Q1MaterialisedAnnual report
「Operating profit was ¥47,818 million, or 70.4% of the previous-year period, due in part to the impact of the reversal of the previous year's historically high gasoline earnings.」
The disclosure states that operating profit in the North American business declined to 70.4% of the previous-year period due to the reversal of the previous year's high gasoline earnings. The impact of fluctuations in gasoline earnings is reflected in actual results. - FY2022WorsenedAnnual report
「If gasoline demand in the US market declines due to the impact of automotive emissions regulations, policies for medium- to long-term restrictions on gasoline-powered vehicle sales in some states, the spread of electric vehicles and other factors, gasoline sales volume may fall, affecting the Group's operating results and financial position.」
In addition to the existing risk of gasoline price fluctuations, the disclosure adds the risk of shrinking demand due to emissions regulations, restrictions on gasoline-powered vehicle sales and the spread of EVs. - FY2021MaterialisedAnnual report
「Gasoline 1,452,847 72.8 42.6」
Gasoline sales at North American 7-Eleven were ¥1,452,847 million, or 72.8% of the previous-year period, with the adverse impact of fluctuations in gasoline prices and demand reflected in full-year results. - FY2021-Q3WorsenedAnnual report
「The target business primarily operates stores in the US with gasoline stations, and gasoline sales account for approximately 75% of total chain sales. Following completion of the transaction, unexpected changes in the business environment, including sharp fluctuations in retail gasoline prices, trends in the economic conditions surrounding the target business and other factors may prevent the target business from achieving operating results in line with its plans or the Company's expectations, and may prevent the transaction from generating its full expected benefits.」
For the Speedway business acquired in the transaction, gasoline sales account for approximately 75% of total chain sales, and the disclosure specifically states that sharp gasoline price fluctuations and other factors after the acquisition may prevent the expected benefits from being realized. - FY2021-Q1MaterialisedAnnual report
「In addition, due to foreign exchange rate movements in the first quarter, operating revenue decreased by ¥8.6 billion and operating profit decreased by ¥100 million.」
Foreign exchange movements resulted in decreases of ¥8.6 billion in operating revenue and ¥100 million in operating profit, with foreign exchange fluctuation risk related to the North American and other businesses reflected in actual results. - FY2020MaterialisedAnnual report
「In addition, total chain sales, comprising sales at company-operated and franchised stores, were ¥3,936,217 million, or 98.6% of the previous-year period, as the decline in gasoline sales outweighed growth in merchandise sales.」
The decline in gasoline sales actually occurred, and total chain sales in North America were 98.6% of the previous-year period. - FY2020-Q3MaterialisedAnnual report
「In addition, total chain sales, comprising sales at company-operated and franchised stores, were ¥2,977,538 million, or 99.2% of the previous-year period, as the decline in gasoline sales outweighed growth in merchandise sales.」
The North American business actually experienced a decline in gasoline sales, and total chain sales were 99.2% of the previous-year period. - FY2018MitigatedAnnual report
「In addition, total chain sales, comprising sales at company-operated and franchised stores, were ¥3,134,412 million, or 114.6% of the previous-year period, due to growth in merchandise sales and gasoline sales resulting from higher gasoline prices and increased sales volume.」
Higher gasoline prices and increased sales volume drove growth in North American gasoline sales, mitigating the adverse impact of previous price declines in full-year results. - FY2018-Q3MitigatedAnnual report
「In addition, total chain sales, comprising sales at company-operated and franchised stores, were ¥2,340,382 million, or 115.5% of the previous-year period, due to growth in merchandise sales and gasoline sales resulting from higher gasoline prices and increased sales volume.」
Compared with the previous decline in sales caused by lower crude oil and gasoline prices, gasoline sales grew during the cumulative period under review due to higher gasoline prices and increased sales volume, mitigating the adverse impact of price fluctuations. - FY2017MaterialisedAnnual report
「Gasoline ¥1,113,921 million (91.2% of the previous-year period)」
Gasoline sales in the North American convenience store business were 91.2% of the previous-year period, with gasoline price fluctuation risk reflected in full-year actual results. - FY2017-Q3WorsenedAnnual report
「Operating revenue was ¥4,288,929 million, or 95.0% of the previous-year period, despite higher revenue from the financial services business, mainly due to a ¥156.2 billion decline attributable to foreign exchange rate movements, a ¥47.4 billion decline in gasoline sales in the North American convenience store business due to lower gasoline prices associated with lower crude oil prices, and difficult conditions in the department store, mail-order and other businesses.」
The decline in North American gasoline sales due to lower crude oil prices and gasoline prices increased from ¥46.3 billion for the cumulative second quarter to ¥47.4 billion. The impact of foreign exchange movements on operating revenue was also reported as a ¥156.2 billion decline. - FY2017-Q2MaterialisedAnnual report
「Operating revenue was ¥2,866,167 million, or 95.7% of the previous-year period, despite higher revenue from the financial services business, mainly due to a ¥70.3 billion decline attributable to foreign exchange rate movements, a ¥46.3 billion decline in gasoline sales in the North American convenience store business due to lower gasoline prices associated with lower crude oil prices, and difficult conditions in the department store, mail-order and other businesses.」
Lower gasoline prices resulting from lower crude oil prices caused gasoline sales in the North American convenience store business to decline by ¥46.3 billion, with price fluctuation risk materializing in actual results for the second consecutive quarter. - FY2017-Q1MaterialisedAnnual report
「Operating revenue was ¥1,394,749 million, or 96.8% of the previous-year period, mainly due to a ¥23.5 billion decline in gasoline sales in the North American convenience store business resulting from lower gasoline prices associated with lower crude oil prices, as well as difficult conditions in the department store, mail-order and other businesses.」
Lower gasoline prices resulting from lower crude oil prices caused gasoline sales in the North American convenience store business to decline by ¥23.5 billion, demonstrating the impact of price fluctuation risk in actual results. - FY2016First statedAnnual report
「We hedge the risk of lower margins arising from fluctuations in retail gasoline prices through vertical integration of the gasoline supply chain and other measures, but unexpected changes in the business environment, including sharp price fluctuations, may affect the Group's operating results and financial position.」
Against a backdrop in which gasoline sales account for approximately half of total chain sales in North America, price fluctuations are identified as a risk.