Risks related to coal demand, prices, regulation, and competition
First written in FY2017. 11 of 21 entries say "Materialised", first in FY2020-Q2. Latest entry: FY2026.
Idemitsu Kosan moved to the "Worse" side of this theme in 2019, 6 years before the typical company in this theme (2025).
The whole theme swung hardest in 2025: 5 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「In the Coal and Other Businesses, revenue was ¥164.7 billion, down 26.8% from the previous fiscal year, while segment profit was ¥19.1 billion, down 67.5%, due mainly to price factors associated with weaker coal market conditions.」
The decline in coal market conditions was reflected in full-year results as a 26.8% decrease in revenue and a 67.5% decrease in segment profit. - 2026-05-12MaterialisedEarnings
「In the Coal and Other Businesses, revenue was ¥164.7 billion, down 26.8% from the previous fiscal year, while segment profit was ¥19.1 billion, down 67.5%, due mainly to price factors associated with weaker coal market conditions.」
The decline in coal market conditions was reflected in the full-year results as lower revenue and lower segment profit. - FY2026-H1MaterialisedAnnual report
「In the Coal and Other Businesses, revenue was ¥76.8 billion, down 32.8% year on year, while segment profit was ¥9.2 billion, down 72.1%, due mainly to price factors associated with weaker coal market conditions.」
The decline in coal market conditions materialized in actual results as a 32.8% decrease in revenue and a 72.1% decrease in segment profit. - FY2025MaterialisedAnnual report
「In the Coal and Other Businesses, revenue was ¥224.8 billion, down 32.3% from the previous fiscal year, while segment profit was ¥58.7 billion, down 40.0%, due mainly to price factors associated with weaker coal market conditions.」
The decline in coal market conditions was reflected in the full-year results as lower revenue and lower segment profit. - FY2024WorsenedAnnual report
「Revenue from the Coal and Other Businesses was ¥332.1 billion, down 47.2% from the previous fiscal year, due to factors including lower production volumes resulting from mine downsizing and weaker coal market conditions. Segment profit was ¥97.8 billion, down 50.6%.」
The decline in production volumes due to mine downsizing and the downturn in coal market conditions were reflected in the full-year results, resulting in substantial decreases in revenue and profit. - FY2024-Q3WorsenedAnnual report
「Revenue from the coal and other businesses was ¥289.5 billion, down 37.3% year on year, and segment profit or loss was ¥76.4 billion, down 49.5%, due to lower production volumes resulting from reduced mine scale and lower prices for thermal coal.」
The decline in coal prices and market conditions and the decline in production volumes due to mine downsizing materialized in actual results as a 37.3% year-on-year decrease in revenue and a 49.5% decrease in segment profit. - FY2024-Q2MaterialisedAnnual report
「Revenue from the coal and other businesses was ¥211.5 billion, down 23.9% year on year, and segment profit or loss was ¥59.3 billion, down 28.5%, due to lower production volumes resulting from reduced mine scale and the reaction to the previous fiscal year’s surge in market conditions.」
The reversal from the previous fiscal year's surge in coal market prices and the decline in production volumes due to mine downsizing materialized as lower revenue and lower profit in the Coal and Other Businesses. - FY2023-Q3MitigatedAnnual report
「Revenue in the coal and other businesses was ¥461.6 billion (up 162.1% year on year), mainly due to higher coal prices, and segment profit was ¥151.3 billion (up 603.6% year on year).」
Higher coal prices increased results in the coal and other businesses by 603.6% year on year. The impact of coal price fluctuation risk moved in a favorable direction during the quarter. - FY2023-Q2MitigatedAnnual report
「Revenue in the coal and other businesses was ¥278.1 billion (up 196.5% year on year), mainly due to higher coal prices, and segment profit was ¥83.0 billion (up ¥78.8 billion year on year).」
Higher coal prices significantly improved results in the coal and other businesses from the same period of the previous year. The impact of coal price fluctuations moved in a favorable direction during the quarter. - FY2023-Q1MitigatedAnnual report
「Revenue in the coal and other businesses was ¥97.1 billion (up 175.5% year on year), mainly due to higher coal prices, and segment profit was ¥25.1 billion (up ¥24.5 billion year on year).」
Higher coal prices improved segment results in the coal and other businesses by ¥24.5 billion year on year. The impact of coal price fluctuations eased during the quarter. - FY2022MitigatedAnnual report
「Revenue in the coal and other businesses was ¥263.4 billion (up 89.4% from the previous fiscal year). Segment profit was ¥42.3 billion (up ¥44.3 billion from the previous fiscal year), mainly due to higher coal prices.」
Higher coal prices improved results in the coal and other businesses from a loss in the previous fiscal year to a ¥42.3 billion profit. - FY2022-Q3MitigatedAnnual report
「Revenue in the coal and other businesses was ¥176.1 billion (up 61.7% year on year), mainly due to higher coal prices, and segment profit was ¥21.5 billion (up ¥22.2 billion year on year).」
Higher coal prices improved results in the coal and other businesses from a loss in the same period of the previous year to a ¥21.5 billion profit. The impact of coal price fluctuation risk eased during the quarter. - FY2022-Q2MitigatedAnnual report
「Revenue in the coal and other businesses was ¥93.8 billion (up 33.9% year on year), mainly due to higher coal prices, and segment profit was ¥4.2 billion (up 265.9% year on year).」
Higher coal prices improved results in the coal and other businesses from a loss in the same period of the previous year to a ¥4.2 billion profit. - FY2021MaterialisedAnnual report
「Segment loss was ¥2.0 billion, compared with a decline of ¥26.0 billion from the previous fiscal year, mainly due to lower coal prices.」
Lower coal prices affected the coal and other businesses within the Resource segment, which swung to a ¥2.0 billion loss. - FY2021-Q3MaterialisedAnnual report
「Segment loss was ¥700 million, compared with a year-on-year decrease of ¥23.0 billion, mainly due to lower coal prices.」
Lower coal prices caused the segment results of the coal and other businesses to swing from a profit in the same period of the previous year to a ¥700 million loss. - FY2021-Q2MaterialisedAnnual report
「Segment profit was ¥1.1 billion (down 93.6% year on year), mainly due to lower coal prices.」
Lower coal prices were reflected in the results of the coal and other businesses within the Resource segment, which declined 93.6% year on year. - FY2021-Q1MaterialisedAnnual report
「Segment profit was ¥1.0 billion (down 89.7% year on year), mainly due to lower coal prices.」
Lower coal prices reduced profit in the coal and other businesses within the Resource segment by 89.7% year on year, indicating that coal price fluctuation risk had affected results. - FY2020-Q3MaterialisedAnnual report
「Segment profit, comprising operating profit plus equity in earnings of affiliates, was ¥22.3 billion (down 39.7% year on year), mainly due to lower coal prices.」
Lower coal prices reduced Resource segment profit by 39.7% year on year, indicating that coal price fluctuation risk had affected results. - FY2020-Q2MaterialisedAnnual report
「Segment profit, comprising operating profit plus equity in earnings of affiliates, was ¥17.8 billion (down 21.1% year on year), mainly due to lower coal prices.」
Lower coal prices were an actual factor in the decline in Resource segment profit, indicating that coal price fluctuation risk had affected results. - FY2018RestatedAnnual report
「Demand may fail to grow due to a shift in demand to other energy sources, environmental and other regulations, and other factors. Even if demand increases, the Group may face competition from companies that are larger in scale and have more established operating bases than the Group.」
The Company continues to identify the shift in coal demand to other energy sources, environmental regulations, price fluctuations, and competition as risks. - FY2017First statedAnnual report
「Demand may fail to grow due to a shift in demand to other energy sources, environmental and other regulations, and other factors. Even if demand increases, the Group may face competition from companies that are larger in scale and have more established operating bases than the Group.」
The Company has disclosed the impact on its coal business of shifts in demand to other energy sources, environmental regulations, competition, climate-related factors, accidents, and other risks.