Seasonal LP gas demand drives revenue and profit toward the second half
First written in FY2017. 5 of 11 entries say "Restated". Latest entry: FY2026.
Toho Acetylene moved to the "Worse" side of this theme in 2018.
The whole theme swung hardest in 2018: 3 of 11 companies on the "Worse" side.
0 other companies' latest entry also says "Other".
- FY2026Quarterly sales results updatedAnnual report
「Liquefied petroleum gas consumption is affected by air and water temperatures, so sales volumes tend to decline in summer and increase in winter. Accordingly, the Group's sales and profit structure tends to be weighted toward the second half of the fiscal year, and sales volumes of liquefied petroleum gas may be affected in fiscal years with unusual climate conditions.」
The company continues to disclose LP gas seasonality and second-half concentration, newly presenting quarterly volumes, unit prices and sales amounts for the 92nd fiscal year. - FY2025-H1RestatedAnnual report
「This was due to a ¥1,907 million decrease in trade receivables and other receivables resulting from the collection of trade receivables generated during the energy-demand season in the gas-related business.」
Collections of trade receivables progressed after the energy-demand season, continuing to show seasonal fluctuations in financial position associated with LP gas and other products. - FY2024Quarterly sales results updatedAnnual report
「Liquefied petroleum gas, 90th fiscal year, sales trend: first quarter, volume 14,382, unit price 129.96, sales ¥1,869 million; second quarter, volume 12,281, unit price 124.89, sales ¥1,533 million; third quarter, volume 16,359, unit price 130.97, sales ¥2,142 million; fourth quarter, volume 19,709, unit price 132.46, sales ¥2,610 million.」
The company has updated its quarterly results for the current fiscal year, showing the second-half concentration structure in which LP gas sales volumes and sales amounts increase in the third and fourth quarters. - FY2023RestatedAnnual report
「As liquefied petroleum gas consumption is affected by air and water temperatures, sales volumes tend to decline in summer and increase in winter. Accordingly, our Group's sales and profit structure tends to be concentrated in the second half of the fiscal year.」
The company disclosed quarterly LP gas volumes, unit prices and sales amounts again this fiscal year, continuing to show the second-half concentration in its sales and profit structure. - FY2023-Q2RestatedAnnual report
「Although inventories increased by ¥50 million due to purchases, trade receivables and other receivables decreased by ¥219 million as trade receivables generated during the energy-demand season in the gas-related business were collected.」
Collection of trade receivables progressed after the energy-demand season, continuing to show changes in the financial position associated with LP gas seasonality. - FY2023-Q1RestatedAnnual report
「The main factor was a ¥736 million decrease in trade receivables and other receivables resulting from the collection of trade receivables generated during the energy-demand season in the gas-related business and trade receivables related to large-scale tender projects in the equipment and materials-related business.」
Collection of trade receivables progressed after the energy-demand season, continuing to show seasonal changes in the financial position. - FY2022RestatedAnnual report
「Liquefied petroleum gas: first-quarter volume 14,948 tonnes, sales ¥1,655 million; second-quarter volume 13,200 tonnes, sales ¥1,552 million; third-quarter volume 17,506 tonnes, sales ¥2,199 million; fourth-quarter volume 22,328 tonnes, sales ¥2,763 million.」
Quarterly FY2022 data continues to show the seasonal pattern of higher LP gas sales volumes and sales amounts in the second half, including the winter season. - FY2020-Q2MaterialisedAnnual report
「The main factors were a decline in trade receivables of ¥1,697 million due mainly to lower winter energy demand for liquefied petroleum gas and petroleum products in the gas-related business and lower capital investment demand in the automotive equipment-related business.」
The decline in winter energy demand was reflected in the financial position at the end of the second quarter as a decrease in trade receivables. - FY2019MaterialisedAnnual report
「Consumption of liquefied petroleum gas is affected by air and water temperatures, so sales volumes of liquefied petroleum gas, one of our Group's main products, decline in summer and increase in winter. Accordingly, our Group's sales and profit structure tends to be concentrated in the second half of the fiscal year.」
The company disclosed quarterly LP gas volumes, unit prices and sales amounts for FY2019, showing the second-half concentration in actual results, with volumes increasing from 15,424 thousand tonnes in the first quarter to 20,826 thousand tonnes in the fourth quarter. - FY2019-Q1MaterialisedAnnual report
「The main factors were the collection of trade receivables in the gas-related business as demand for liquefied petroleum gas and petroleum products declined during the winter, while trade receivables increased by ¥578 million due mainly to higher sales in the automotive equipment-related and other businesses.」
The decline in winter energy demand was explicitly described and was reflected in the financial position as progress in collecting receivables due to seasonality. - FY2017First statedAnnual report
「Consumption of liquefied petroleum gas is affected by air and water temperatures, so sales volumes of liquefied petroleum gas, one of our Group's main products, decline in summer and increase in winter. Accordingly, our Group's sales and profit structure tends to be concentrated in the second half of the fiscal year. Unusual seasonal fluctuations may also affect liquefied petroleum gas sales volumes.」
Separately from the risk of a mild winter, the company has for the first time explicitly identified the second-half concentration caused by LP gas seasonality as a structural risk and has disclosed quarterly volumes, unit prices and sales amounts.