Intensified Competition in the Petrochemical Industry and Logistics Cost Reduction and Base Consolidation
First written in FY2018-Q1. 10 of 24 entries say "Restated". Latest entry: FY2026.
Toyo Gosei moved to the "Worse" side of this theme in 2022, 2 years after the typical company in this theme (2020).
The whole theme swung hardest in 2017: 1 of 7 companies on the "Worse" side.
4 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「In the tank terminal business, demand for tank storage was strong due to increased demand for storing imported products. The start of operations at a new tank dedicated to inorganic chemicals also contributed, and tank utilization remained high.」
Although the risk of weak cargo movements for basic chemicals remains, the contract rate remains high due to demand for storage of imported products and the operation of new tanks. - FY2025-H1MaterialisedAnnual report
「Although cargo movements related to tank terminals remained weak due to weak demand for basic chemicals, the tank contract rate remained high on strong demand for tanks.」
Weak cargo movements caused by weak demand for basic chemicals continue to affect the actual logistics business, while the tank contract rate remains high. - FY2024MaterialisedAnnual report
「Although cargo movements in logistics-related operations remained weak due to inventory adjustments for basic chemicals and weak demand, the tank contract rate remained high on strong demand for tanks.」
Weak cargo movements caused by inventory adjustments for basic chemicals and weak demand continued to affect the actual logistics business throughout the fiscal year, while the tank contract rate remained high. - FY2024-Q3MaterialisedAnnual report
「In the logistics-related business, weak cargo volumes have continued due to inventory adjustments in the supply chain and weak demand, but tank utilization rates remained high because of strong demand for tank capacity.」
Weak cargo movements caused by inventory adjustments in the supply chain and weak demand continue to persist. Meanwhile, the tank contract rate remains high. - FY2024-Q1MaterialisedAnnual report
「In the logistics-related business, weak cargo volumes have continued due to inventory adjustments in the supply chain, but tank utilization rates remained high because of strong demand for tank capacity.」
Weak cargo movements caused by inventory adjustments in the supply chain continue to affect the actual logistics business. Meanwhile, the tank contract rate remains high. - FY2023-Q3MaterialisedAnnual report
「In the logistics-related business, cargo volumes declined due to reduced automobile production and inventory adjustments in the supply chain, but tank utilization rates remained high because of strong demand for tank capacity.」
The decline in cargo movements due to reduced automobile production and inventory adjustments in the supply chain is affecting actual logistics business operations. - FY2023-Q2MaterialisedAnnual report
「In the logistics-related business, cargo volumes declined due to reduced automobile production and inventory adjustments in the supply chain, but tank utilization rates remained high because of strong demand for tank capacity.」
The decline in cargo movements due to reduced automobile production and inventory adjustments in the supply chain is affecting actual logistics business operations. - FY2023-Q1MaterialisedAnnual report
「In the logistics-related business, cargo volumes declined due to reduced automobile production and inventory adjustments in the supply chain, but tank utilization rates remained high because of strong demand for tank capacity.」
The decline in cargo movements due to reduced automobile production and inventory adjustments in the supply chain is affecting actual logistics business operations. - FY2022RestatedAnnual report
「Although the domestic chemical logistics market is expected to remain challenging as petrochemical-related companies continue consolidating their logistics bases, the logistics model of transporting liquid chemicals to major urban consumption centers will remain essential.」
While recognizing the challenging environment caused by the consolidation of logistics bases by petrochemical-related companies, the company continues to describe the need for liquid chemical logistics. - FY2022-Q1MitigatedAnnual report
「Market conditions in logistics-related operations have recovered from the slowing domestic demand for chemicals seen in the previous fiscal year due to the infectious disease. With demand for chemicals also increasing in preparation for the post-pandemic period, cargo movements remained firm in the first quarter.」
The decline in logistics demand caused by the infectious disease and slowing domestic demand for chemicals has eased recently as market conditions recovered and cargo movements remained firm. - FY2021MaterialisedAnnual report
「Although logistics-related operations saw cargo movements decline in the first half of the fiscal year due to slowing domestic demand for chemicals amid the impact of the infectious disease, they recovered toward the second half.」
The company states that cargo movements in the logistics division actually declined due to the infectious disease and slowing domestic demand for chemicals. - FY2021-Q2MaterialisedAnnual report
「In the logistics-related business, domestic chemical demand slowed and cargo volumes declined due to the impact of the COVID-19 pandemic, but as a result of efforts to improve customer satisfaction, tank utilization rates remained high.」
The decline in cargo movements caused by slowing domestic demand for chemicals has actually occurred, and the risk of lower demand for the logistics business continues to materialize. - FY2021-Q1MaterialisedAnnual report
「Although logistics-related operations saw a slight decline in tank turnover due to slowing domestic demand for solvents,」
The slight decline in tank turnover due to slowing domestic demand for solvents shows that the risk of lower demand and cargo-handling volumes is affecting actual business operations. - FY2020RestatedAnnual report
「In the domestic chemical logistics market, reductions in logistics costs and consolidation of logistics bases are progressing due to the integration of petrochemical-related companies and other factors, and the business environment is expected to remain challenging.」
The company continues to describe the challenging operating environment for the logistics division resulting from the integration of petrochemical-related companies, reductions in logistics costs and consolidation of logistics bases. - FY2020-Q3RestatedAnnual report
「In domestic chemical logistics, reductions in logistics costs and consolidation of logistics bases are progressing due to the integration of petrochemical-related companies and other factors, and the business environment is expected to remain challenging.」
The company continues to describe the challenging operating environment for the logistics division resulting from the integration of petrochemical-related companies, reductions in logistics costs and consolidation of logistics bases. - FY2020-Q2RestatedAnnual report
「In domestic chemical logistics, reductions in logistics costs and consolidation of logistics bases are progressing due to the integration of petrochemical-related companies and other factors, and the business environment is expected to remain challenging.」
The company continues to describe the challenging operating environment for the logistics division resulting from the integration of petrochemical-related companies, reductions in logistics costs and consolidation of logistics bases. - FY2020-Q1RestatedAnnual report
「In domestic chemical logistics, reductions in logistics costs and consolidation of logistics bases are progressing due to the integration of petrochemical-related companies and other factors, and the business environment is expected to remain challenging.」
The company continues to describe the challenging operating environment for the logistics division resulting from the integration of petrochemical-related companies, reductions in logistics costs and consolidation of logistics bases. - FY2019Addition of the risk of lower cargo-handling volumes due to economic fluctuationsAnnual report
「Although the diversification of customers' supply chains has limited the impact of foreign-exchange fluctuations on the logistics division, a decline in cargo-handling volumes due to economic fluctuations could affect the performance of this business.」
In addition to intensifying competition in the logistics industry and consolidation of logistics bases, the company explicitly identifies lower cargo-handling volumes due to economic fluctuations as a risk to the logistics business. It also states that the impact of foreign-exchange fluctuations is limited because customers' supply chains have diversified. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no occurrences of matters concerning the business situation, accounting situation or other matters described in the quarterly report that could have a material impact on investors’ decisions, and no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes to the challenging operating environment for the logistics division resulting from the integration of petrochemical-related companies, reductions in logistics costs and consolidation of logistics bases. - FY2019-Q1RestatedAnnual report
「In addition, in the chemical logistics sector, reductions in logistics costs and consolidation of logistics bases are progressing due to the integration of petrochemical-related companies and other factors, and the business environment is expected to remain challenging.」
The company continues to describe the challenging operating environment for the logistics division resulting from the integration of petrochemical-related companies, reductions in logistics costs and consolidation of logistics bases. - FY2018RestatedAnnual report
「In the chemical logistics sector, reductions in logistics costs and consolidation of logistics bases are progressing due to the integration of petrochemical-related companies and other factors, and the business environment is expected to remain challenging.」
The company continues to describe the challenging operating environment for the logistics division resulting from the integration of petrochemical-related companies, reductions in logistics costs and consolidation of logistics bases. - FY2018-Q3RestatedAnnual report
「The logistics division is reducing logistics costs and consolidating logistics bases amid intensifying competition in the petrochemical-related industries, and the business environment is expected to remain challenging.」
The company continues to describe the challenging operating environment for the logistics division resulting from intensifying competition in the petrochemical-related industries, reductions in logistics costs and consolidation of logistics bases. - FY2018-Q2RestatedAnnual report
「The logistics division is reducing logistics costs and consolidating logistics bases amid intensifying competition in the petrochemical-related industries, and the business environment is expected to remain challenging.」
The company continues to describe the challenging operating environment for the logistics division resulting from intensifying competition in the petrochemical-related industries, reductions in logistics costs and consolidation of logistics bases. - FY2018-Q1First statedAnnual report
「The logistics division is reducing logistics costs and consolidating logistics bases amid intensifying competition in the petrochemical-related industries, and the business environment is expected to remain challenging.」
The company identifies as a new risk the possibility that the operating environment for the logistics division will become more challenging due to intensifying competition in the petrochemical-related industries, reductions in logistics costs and consolidation of logistics bases.