Decline in Demand for LP Gas and Kerosene Due to a Record-Warm Winter
First written in FY2019-Q3. 4 of 5 entries say "Materialised", first in FY2019-Q3. Latest entry: FY2024-Q3.
Air Water moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
The whole theme swung hardest in 2018: 3 of 7 companies on the "Worse" side.
3 other companies' latest entry also says "Materialised".
- FY2024-Q3MaterialisedAnnual report
「Profit was below the level of the corresponding period of the previous year, owing to the lingering impact of inventory valuation losses on LP gas incurred in the first half of the fiscal year and weak sales of kerosene delivered to households together with LP gas, due to the unusually warm third quarter.」
The warm winter in the third quarter materialised as sluggish kerosene sales to households, and the risk of lower energy demand due to a warm winter once again appeared in business performance. - FY2021MitigatedAnnual report
「Kerosene sales volumes increased because average winter temperatures were low.」
Compared with the previous fiscal year, when record warm weather reduced demand for LP gas and kerosene, kerosene sales volumes increased in the current fiscal year due to lower temperatures, eliminating the impact of the warm winter. - FY2020MaterialisedAnnual report
「Kerosene sales volumes also declined due to the effects of the mild winter.」
The decline in kerosene demand and sales volumes due to the warm winter is reflected in full-year results. - FY2020-Q3MaterialisedAnnual report
「Kerosene sales volumes also declined due to the effects of the mild winter.」
The impact of the mild winter is reflected in lower kerosene sales volume for the cumulative third-quarter period. - FY2019-Q3MaterialisedAnnual report
「In consumer LP gas, the number of customer households increased as the Company promoted direct-sales customer acquisition, but sales volumes declined due to lower demand following the 2018 Hokkaido Eastern Iburi Earthquake and the record warm winter from October onward. Kerosene sales volumes also fell substantially because of lower demand following the earthquake and due to the warm winter, but the impact was minimized through procurement initiatives and more efficient deliveries.」
The record warm weather from October onward actually resulted in lower demand for LP gas and kerosene and reduced sales volumes.