Sluggish fuel demand and falling crude oil prices
First written in FY2017-Q1. 12 of 33 entries say "Restated". Latest entry: FY2026.
Takamisawa moved to the "Worse" side of this theme in 2026, 10 years after the typical company in this theme (2016).
The whole theme swung hardest in 2020: 5 of 9 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In the car-life-related business, demand for retail fuel remained weak in the petroleum segment. Sales volumes of industrial fuel for corporate customers and lubricants also stagnated because of market volatility resulting from the situation in the Middle East. In addition, selling prices declined due to intensified price competition and the impact of the government’s expanded subsidy policy aimed at abolishing the temporary tax rate, resulting in lower sales.」
The petroleum segment reported lower sales as weak retail fuel demand, stagnant sales volumes of fuel and lubricants to corporate customers, price competition and lower selling prices resulting from subsidy policy all weighed on performance. - FY2026-H1WorsenedAnnual report
「In the petroleum segment, retail fuel oil sales volumes fell below the previous year, while sales volumes of industrial fuel for corporate customers increased through proactive customer acquisition. However, intensifying sales competition and the government's expanded subsidy policy toward abolishing the provisional tax rate lowered selling prices and reduced revenue. In addition to narrower margins due to worsening competitive conditions, the segment's earnings declined because it could not fully absorb higher labor and selling expenses.」
The petroleum segment reported lower revenue and earnings as declining retail fuel oil sales volumes, intensifying sales competition, lower selling prices due to the subsidy policy, and narrower margins resulting from worsening competitive conditions coincided. - FY2025Continuing demand contraction, price competition and persistently high procurement pricesAnnual report
「Price competition has intensified as demand for automotive fuel oil has contracted, while procurement prices have remained persistently high,」
It indicates that fuel oil demand is expected to continue contracting, price competition to intensify, and procurement prices to remain persistently high. - FY2025-H1Expanded corporate sales but insufficient pass-through of higher costsAnnual report
「In the petroleum segment, retail fuel oil sales were approximately at the previous year's level, while proactive sales efforts targeting corporate customers increased revenue. However, earnings declined because the company could not fully pass through to prices higher costs resulting from persistently high procurement prices and rising labor costs.」
Although proactive sales efforts targeting corporate customers increased revenue, earnings declined because increases in procurement prices and labor costs could not be fully passed through to prices. - FY2024-Q3Delayed pass-through of higher costs caused by elevated crude oil prices and a weaker yenAnnual report
「In the petroleum segment, fuel oil sales were maintained at approximately the previous year's level and non-fuel products performed well, increasing revenue. However, earnings declined because the pass-through of higher costs caused by surging crude oil prices and the weaker yen was delayed.」
Fuel oil and non-fuel product sales were solid, but earnings declined because higher costs resulting from surging crude oil prices and the weaker yen could not be fully passed through to selling prices. - FY2024-Q2RestatedAnnual report
「In the petroleum segment, fuel oil sales were maintained at approximately the previous year's level and non-fuel products performed well, increasing revenue. However, earnings declined because the pass-through of higher costs caused by surging crude oil prices and reduced subsidies under the measures to ease sharp price increases was delayed.」
It continues to describe the condition in which fuel oil sales volumes were approximately at the previous year's level and non-fuel products performed well, but earnings declined because the pass-through of higher costs resulting from surging crude oil prices and reduced subsidies was delayed. - FY2024-Q1WorsenedAnnual report
「In the petroleum segment, fuel oil sales were maintained at approximately the previous year's level and non-fuel products performed well, increasing revenue. However, earnings declined because the pass-through of higher costs caused by surging crude oil prices and reduced subsidies under the measures to ease sharp price increases was delayed.」
Fuel oil sales volumes were approximately at the previous year's level and non-fuel products performed well, but the delayed pass-through to selling prices of higher costs resulting from surging crude oil prices and reduced subsidies caused earnings in the petroleum segment to decline. - FY2023RestatedAnnual report
「In the car-life-related business, fuel oil demand is expected to decline further, intensifying sales competition, while the environment for vehicle inspections and vehicle sales is also expected to remain challenging.」
It continues to identify further declines in fuel oil demand, intensifying sales competition, and a challenging environment for vehicle inspections and vehicle sales as risks. - FY2023-Q3RestatedAnnual report
「In the petroleum segment, higher oil prices resulting from elevated crude oil prices and steady fuel sales volumes resulted in higher revenue and earnings.」
It continues to describe the condition in which fuel sales volumes remained steady despite surging oil prices due to elevated crude oil prices, resulting in higher revenue and earnings in the petroleum segment. - FY2023-Q1MitigatedAnnual report
「In the petroleum segment, higher oil prices resulting from elevated crude oil prices and steady fuel sales volumes resulted in higher revenue and earnings.」
Despite surging oil prices due to elevated crude oil prices, fuel sales volumes remained steady, resulting in higher revenue and earnings in the petroleum segment. - FY2022-Q3RestatedAnnual report
「In the petroleum segment, sales increased due to sharply higher oil prices, but earnings declined because the COVID-19 pandemic reduced sales volumes and narrowed margins.」
The disclosure continues to describe a situation in which sales increase due to surging oil prices, but earnings decline because the pandemic reduces sales volumes and narrows margins. - FY2022-Q2RestatedAnnual report
「In the petroleum segment, sales increased due to sharply higher oil prices, but earnings declined because the COVID-19 pandemic reduced sales volumes and narrowed margins.」
The disclosure continues to describe a situation in which sales increase due to surging oil prices, but earnings decline because the pandemic reduces sales volumes and narrows margins. - FY2022-Q1WorsenedAnnual report
「In the petroleum segment, sales increased due to sharply higher oil prices, but earnings declined because the COVID-19 pandemic reduced sales volumes and narrowed margins.」
Although sales increased as oil prices surged, earnings in the petroleum segment declined due to lower sales volumes caused by the pandemic and narrower margins. - FY2021RestatedAnnual report
「In the car-life-related business, fuel oil demand is expected to decline further, intensifying sales competition, while the environment for vehicle inspections and vehicle sales is also expected to remain challenging.」
It continues to identify further declines in fuel oil demand, intensifying sales competition, and a challenging environment for vehicle inspections and vehicle sales as risks. - FY2021-Q3RestatedAnnual report
「In the petroleum segment, fuel demand declined due to the impact of the COVID-19 pandemic, but securing margins resulted in lower revenue and higher earnings.」
It describes the continuing condition of lower revenue but higher earnings due to secured margins despite the decline in fuel demand caused by the COVID-19 pandemic. - FY2021-Q2MitigatedAnnual report
「In the petroleum segment, fuel demand declined due to the impact of the COVID-19 pandemic, but securing margins resulted in lower revenue and higher earnings.」
Although the decline in fuel demand caused by the COVID-19 pandemic continued, securing margins resulted in higher earnings despite lower revenue. - FY2021-Q1WorsenedAnnual report
「In the petroleum segment, fuel demand declined due to the impact of the COVID-19 pandemic, while selling promotion and other expenses increased, resulting in lower revenue and earnings.」
The decline in fuel demand caused by the COVID-19 pandemic coincided with higher selling promotion and other expenses, resulting in lower revenue and earnings in the petroleum segment. - FY2020WorsenedAnnual report
「In the car-life-related business, fuel oil demand is expected to decline further, intensifying sales competition, while the environment for vehicle inspections and vehicle sales is also expected to remain challenging.」
It explicitly states that further declines in fuel oil demand and intensifying sales competition, as well as a challenging environment for vehicle inspections and vehicle sales, are expected. - FY2020-Q3SoftenedAnnual report
「In the petroleum segment, fuel sales volumes declined while selling promotion and other expenses increased, resulting in lower revenue and earnings.」
Although lower revenue and earnings due to declining fuel sales volumes and higher selling promotion and other expenses continue, the reference in the previous quarter to the closure of Toyono SS due to Typhoon No. 19 has been removed. - FY2020-Q2WorsenedAnnual report
「In the petroleum segment, lower fuel sales volumes, the closure of Toyono SS due to the damage caused by Typhoon No. 19, and higher selling and other expenses resulted in lower revenue and earnings.」
The petroleum segment reported lower revenue and earnings as declining fuel sales volumes coincided with the closure of Toyono SS following typhoon damage and higher expenses. - FY2020-Q1MitigatedAnnual report
「In the petroleum segment, lower selling prices resulting from the decline in crude oil prices reduced revenue, but efforts to maintain profitability and cut costs resulted in higher earnings.」
Although lower crude oil prices reduced selling prices and revenue, maintaining profitability and cutting costs resulted in higher earnings, limiting the impact on profit. - FY2019WorsenedAnnual report
「In the car-life-related business, fuel oil demand is expected to decline further, intensifying sales competition, while the environment for vehicle inspections and vehicle sales is also expected to remain challenging.」
It newly states that fuel oil demand is expected to decline further and sales competition to intensify. - FY2019-Q3RestatedAnnual report
「In the petroleum segment, higher oil prices driven by the rise in crude oil prices increased revenue, while cost reductions and the closure of unprofitable service stations increased earnings.」
The disclosure continues to cite higher revenue from rising oil prices and higher earnings from cost reductions and the closure of unprofitable service stations. - FY2019-Q2RestatedAnnual report
「In the petroleum segment, higher oil prices driven by the rise in crude oil prices increased revenue, while cost reductions and the closure of unprofitable service stations increased earnings.」
The disclosure continues to cite higher revenue from rising oil prices and higher earnings from cost reductions and the closure of unprofitable service stations. - FY2019-Q1MitigatedAnnual report
「In the petroleum segment, higher oil prices driven by the rise in crude oil prices increased revenue, while cost reductions and the closure of unprofitable service stations increased earnings.」
The description has changed from lower revenue and earnings due to weak fuel demand and lower selling prices to higher revenue and earnings due to higher oil prices, cost reductions and the closure of unprofitable service stations. - FY2018-Q3MitigatedAnnual report
「In the petroleum segment, higher fuel oil selling prices increased revenue, while cost-cutting efforts also resulted in higher earnings.」
The description has changed from lower revenue and earnings due to weak fuel demand and lower selling prices to higher revenue and earnings due to higher selling prices and cost reductions. - FY2018-Q2RestatedAnnual report
「The petroleum segment achieved higher revenue due to an increase in the unit selling price of fuel oil, but lower margins resulted in lower profit.」
Although fuel oil selling prices rose, the disclosure continues to cite lower earnings due to narrower margins. - FY2018-Q1SoftenedAnnual report
「The petroleum segment achieved higher revenue due to an increase in the unit selling price of fuel oil, but lower margins resulted in lower profit.」
Instead of the previously described sluggish fuel oil demand and lower selling prices, it states that the unit selling price increased while lower margins resulted in lower profit. - FY2017-Q3RestatedAnnual report
「The petroleum segment posted lower revenue and lower profit because demand for fuel oil remained sluggish and selling prices remained low.」
It reiterates sluggish fuel oil demand and low selling prices as factors behind lower revenue and lower profit in the petroleum segment. - FY2017-Q2RestatedAnnual report
「The petroleum segment posted lower revenue and lower profit due to sluggish demand for fuel oil and persistently low selling prices.」
It reiterates sluggish fuel oil demand and low selling prices as factors behind lower revenue and lower profit in the petroleum segment. - FY2017-Q1First statedAnnual report
「The petroleum segment posted lower revenue and lower profit due to sluggish demand for fuel oil, weak sales of non-fuel products, and lower selling prices resulting from falling crude oil prices.」
Fuel oil demand, sales of non-fuel products and falling crude oil prices have emerged as factors behind lower revenue and lower profit in the car-life-related business.