Building a Resilient Business Foundation Amid Declining Domestic Demand and Sluggish Resource Prices
First written in FY2016. 9 of 12 entries say "Restated". Latest entry: FY2026-H1.
32 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「There were no material changes to the issues that the Group needs to address during the current interim consolidated accounting period.」
It was reconfirmed that there had been no material changes to the challenges of responding to the business environment that have existed in the past. - FY2025AdvancedAnnual report
「As a result, the unplanned refinery shutdown rate in the consolidated fiscal year under review improved to 5% from 7% in the same period of the previous year.」
Regarding the development of a resilient business foundation, the unplanned refinery shutdown rate improved from 7% to 5%. - FY2024AdvancedAnnual report
「As a result, the unplanned shutdown rate (UCL) at refineries was 7% in the consolidated fiscal year under review.」
Toward building a resilient earnings and supply base, the unplanned refinery shutdown rate was 7%, demonstrating measurable progress in stabilizing the foundation businesses. - FY2024-Q2RestatedAnnual report
「There have been no material changes in the issues that our group should address during the cumulative consolidated second quarter under review.」
It is stated that there have been no material changes to the challenges of responding to the business environment that have existed in the past. - FY2022RestatedAnnual report
「The Group worked to generate cash continuously by strengthening the competitiveness of its foundation businesses and implemented various measures, including developing and strengthening growth businesses and optimizing its business portfolio in line with the Second Medium-Term Management Plan (fiscal 2020 to fiscal 2022) to achieve its long-term vision.」
Based on declining domestic demand for fuel oil and decarbonization, the Group continues to strengthen the competitiveness of its foundation businesses, develop growth businesses and optimize its portfolio. - FY2021RestatedAnnual report
「In line with the Second Medium-Term Management Plan (fiscal 2020 to fiscal 2022), the Group accelerated structural reforms to strengthen the competitiveness of its foundation businesses and develop and strengthen its growth businesses,」
Based on declining domestic demand for fuel oil and decarbonization, the Second Medium-Term Management Plan carries forward the strengthening of foundation-business competitiveness and the development of growth businesses. - FY2019RestatedAnnual report
「Domestic demand for petroleum products is expected to remain on a declining trend due to factors including the spread of EVs and fuel-efficient vehicles and continued fuel switching.」
Addressing declining domestic demand and building an earnings base capable of withstanding changes in the environment continue to be presented as management challenges. - FY2018RestatedAnnual report
「Establish an earnings and financial base capable of adapting to changes in the business environment.」
Building resilient earnings and financial bases to address declining domestic demand for petroleum products, market volatility and intensifying competition remains a basic policy of the medium-term management plan. - FY2018-Q2RestatedAnnual report
「To build a resilient business capable of withstanding low oil prices and achieve sustainable growth, the business is diligently pursuing rigorous selection and concentration and optimization of investment levels under the medium-term management plan,」
The policy of building a business foundation capable of withstanding low oil prices and declining demand through selection and concentration and optimization of investment levels has been reconfirmed. - FY2017RestatedAnnual report
「Establish an earnings and financial base capable of adapting to changes in the business environment.」
The need to address declining domestic demand and market volatility has been carried forward into the medium-term management plan as the development of resilient earnings and financial bases. - FY2017-Q2RestatedAnnual report
「Japan's oil industry has faced a difficult business environment for more than 10 years as domestic demand for petroleum products has declined. Going forward, it is certain to face further contraction of the domestic market as a result of population decline, the spread of fuel-efficient vehicles, and the shift in energy use toward gas, electricity and other alternatives.」
Addressing the contraction of the domestic market continues to be a challenge, linked to strengthening competitiveness through new businesses such as electricity and gas, overseas expansion, and business restructuring and integration. - FY2016First statedAnnual report
「Even as the decline in domestic demand continues and substantial increases in crude oil and copper prices are not expected, the challenge is to build a resilient business foundation capable of reliably generating profit and to sustain growth over the long term.」
The Group identifies as a challenge the development of an earnings base less susceptible to external conditions and the achievement of sustainable growth.