Excess domestic refining capacity and intensifying competition
First written in FY2016. 3 of 4 entries say "Restated". Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025RestatedAnnual report
「If domestic market prices remain weak due to significant fluctuations in crude oil prices or intense competition in the domestic oil market, the Group’s financial position and business performance could be materially affected.」
The risks of intense competition in the domestic oil market and weak market prices continue to be disclosed. - FY2018RestatedAnnual report
「Japan’s oil market is highly competitive due to excess refining capacity and an oversupply of service stations. If the Group is unable to operate its businesses efficiently under these competitive conditions, its financial position and business performance could be materially affected.」
Excess domestic refining capacity and service stations, together with intensifying competition, continue to be identified as risks. - FY2017RestatedAnnual report
「Japan’s oil market is highly competitive due to excess refining capacity and an oversupply of service stations. If the Group is unable to operate its businesses efficiently under these competitive conditions, its financial position and business performance could be materially affected.」
Excess domestic refining capacity and service stations, together with intense competition, continue to be identified as risks. - FY2016First statedAnnual report
「Japan’s oil market is highly competitive due to excess refining capacity and an oversupply of service stations. If the Group is unable to operate its businesses efficiently under these competitive conditions, its financial position and business performance could be materially affected.」
Strengthening the competitiveness of its domestic supply and sales structure is identified as a response measure.