Impact of Crude Oil Price Fluctuations on Fuel Costs
First written in FY2016. 19 of 41 entries say "Materialised", first in FY2018. Latest entry: FY2026.
Shinto moved to the "Worse" side of this theme in 2018, 3 years before the typical company in this theme (2021).
The whole theme swung hardest in 2022: 121 of 167 companies on the "Worse" side.
54 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Complex geopolitical risks, including heightened tensions in the Middle East and uncertainty surrounding U.S. trade policy, have not been dispelled. Energy and resource prices have continued to rise, with crude oil prices at one point surging above $110 per barrel.」
Against a backdrop including the situation in the Middle East, crude oil prices temporarily surged above $110 per barrel, and increases in energy and resource prices became evident in the actual cost environment. - FY2026-H1MaterialisedAnnual report
「In terms of profit, we strengthened manufacturing process management and improved production efficiency in response to higher manufacturing costs and other factors.」
Higher manufacturing costs driven by persistently high resource prices and other factors emerged as an actual cost factor during the interim accounting period, and the company responded by strengthening process management and improving production efficiency. - FY2025MaterialisedAnnual report
「In terms of profit, rising crude oil prices and the weakening yen forced up manufacturing costs and product procurement costs.」
Higher manufacturing costs resulting from soaring crude oil prices materialised during the fiscal year. The company responded by passing the costs on through selling prices, improving yield, strengthening process management, and increasing production efficiency. - FY2025-H1MaterialisedAnnual report
「In terms of profit, we strengthened manufacturing process management and improved production efficiency in response to higher manufacturing costs resulting from soaring crude oil prices and other factors.」
Higher manufacturing costs resulting from soaring crude oil prices emerged as an actual cost factor during the interim accounting period, and the company responded by strengthening process management and improving production efficiency. - FY2024MaterialisedAnnual report
「In terms of profit, we passed higher costs on through selling prices in response to higher cost of sales, including higher manufacturing costs resulting from soaring crude oil prices, higher product procurement costs due to the weaker yen, and an additional ¥107 million impairment loss recognised following a review of inventories held during the fiscal year to reduce inventory management costs.」
Higher manufacturing costs resulting from soaring crude oil prices continued as an actual cost factor throughout the fiscal year, and the company responded by passing these costs on through selling prices. - FY2024-Q3MaterialisedAnnual report
「In terms of earnings, the company has been passing on to selling prices the cost increases resulting from higher crude oil prices and the weaker yen.」
Higher manufacturing costs resulting from soaring crude oil prices also emerged as an actual cost factor during the cumulative quarter-to-date period, and the company responded by passing these costs on through selling prices. - FY2024-Q2MaterialisedAnnual report
「In terms of earnings, the company has been passing on to selling prices the cost increases resulting from higher crude oil prices and the weaker yen.」
Higher manufacturing costs resulting from soaring crude oil prices continued to emerge as an actual cost factor, and the company responded by passing these costs on through selling prices. - FY2024-Q1MaterialisedAnnual report
「In terms of earnings, the company has been passing on to selling prices the cost increases resulting from higher crude oil prices and the weaker yen.」
Higher manufacturing costs resulting from soaring crude oil prices continued as an actual cost factor, and the company responded by passing these costs on through selling prices. - FY2023MaterialisedAnnual report
「In terms of earnings, the company has been passing on to selling prices the cost increases resulting from higher crude oil prices and the weaker yen.」
Higher manufacturing costs resulting from soaring crude oil prices materialised, and the company responded by passing these costs on through selling prices. The cost of sales ratio improved year on year through improved yield and more efficient production. - FY2023-Q3MaterialisedAnnual report
「In terms of earnings, the company has been passing on to selling prices the cost increases resulting from higher crude oil prices and the weaker yen.」
Higher manufacturing costs resulting from soaring crude oil prices continued to emerge as an actual cost factor, and the company responded by passing these costs on through selling prices. - FY2023-Q2MaterialisedAnnual report
「In terms of earnings, the company has been passing on to selling prices the cost increases resulting from higher crude oil prices and the weaker yen.」
Higher manufacturing costs resulting from soaring crude oil prices emerged as an actual cost factor during the cumulative quarter-to-date period, and the company responded by passing these costs on through selling prices. - FY2022WorsenedAnnual report
「During the fiscal year, the Japanese economy remained affected by the prolonged impact of COVID-19, with infections involving new variants spreading, and concerns over the impact of COVID-19 continuing. In addition, the outlook remained uncertain due to rising energy resource prices following Russia's invasion of Ukraine and volatility in financial markets.」
Energy resource prices rose against the backdrop of Russia's invasion of Ukraine and other factors, affecting results through higher procurement costs. - FY2022-Q3RestatedAnnual report
「In terms of earnings, the company pursued cost reductions by reviewing the plant operating schedule, strengthening process control and improving production efficiency. However, manufacturing costs rose owing in part to higher fuel unit prices, resulting in gross profit of ¥622 million, compared with ¥612 million in the year-earlier period; an operating loss of ¥6 million, compared with operating profit of ¥3 million; ordinary profit of ¥7 million, compared with ¥15 million; and net income for the quarter of ¥3 million, compared with a net loss of ¥30 million.」
Higher fuel unit prices and manufacturing costs continued to affect actual results, and operating profit declined from ¥3 million in the same period of the previous year to an operating loss of ¥6 million. - FY2022-Q2MaterialisedAnnual report
「In terms of earnings, although manufacturing costs rose owing to higher fuel unit prices, stronger process control, more efficient production and a review of the plant operating schedule resulted in gross profit of ¥445 million, compared with ¥431 million in the year-earlier period; operating profit of ¥21 million, compared with ¥1 million; ordinary profit of ¥31 million, compared with ¥9 million; and net income for the quarter of ¥20 million, compared with a net loss of ¥42 million.」
Higher fuel unit prices and manufacturing costs materialised during the quarter. However, the company states that it contained the impact on profit through more efficient production and other measures. - FY2022-Q1WorsenedAnnual report
「In terms of earnings, although manufacturing costs rose owing to higher fuel unit prices, stronger process control, more efficient production and a review of the plant operating schedule resulted in gross profit of ¥225 million, compared with ¥213 million in the year-earlier period; operating profit of ¥12 million, compared with an operating loss of ¥2 million; ordinary profit of ¥21 million, compared with ordinary profit of ¥0 million; and net income for the quarter of ¥14 million, compared with a net loss of ¥62 million.」
Higher fuel unit prices and manufacturing costs materialised during the quarter. However, the company states that it contained the impact on profit through more efficient production and other measures. - FY2021MaterialisedAnnual report
「In addition, due to soaring fuel procurement prices, gross profit declined by ¥107 million to ¥825 million (¥933 million in the previous fiscal year).」
Soaring fuel procurement prices materialised and reduced gross profit by ¥107 million. The company also describes measures including diversifying suppliers and sharing information. - FY2021-Q3RestatedAnnual report
「During the nine months ended September, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the prior fiscal year.」
The company states that there have been no material changes in its existing risks, including the impact of crude oil price fluctuations on fuel costs. - FY2021-Q2RestatedAnnual report
「During the six months ended June, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the prior fiscal year.」
The company states that there have been no material changes in its existing risks, including the impact of crude oil price fluctuations on fuel costs. - FY2021-Q1MitigatedAnnual report
「In terms of profit, although we strengthened process management, improved production efficiency, reduced manufacturing costs through lower fuel prices, and reviewed the plant operating schedule, gross profit was ¥213 million (down ¥40 million year on year), operating loss was ¥2 million (compared with operating profit of ¥2 million in the same period of the previous year), and ordinary profit was ¥0 million (down ¥10 million year on year).」
Lower fuel prices reduced manufacturing costs, easing cost pressure from fuel price fluctuations. However, profit deteriorated from the same period of the previous year due to lower sales and other factors. - FY2020MitigatedAnnual report
「In terms of earnings, efforts to reduce costs, including lower manufacturing costs resulting from a sharp decline in fuel prices, a review of the plant operating schedule and lower bonuses, resulted in operating profit of ¥32 million, up ¥30 million from the previous fiscal year; ordinary profit of ¥53 million, up ¥1 million; and net income of ¥22 million, up ¥4 million.」
A substantial decline in fuel prices reduced manufacturing costs, lowering the pressure on profit from fluctuations in crude oil and fuel prices during the fiscal year. - FY2020-Q3RestatedAnnual report
「During the nine months ended September, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the prior fiscal year.」
The company states that there have been no material changes in its existing risks, including the impact of crude oil price fluctuations on fuel costs. - FY2020-Q2MitigatedAnnual report
「In terms of earnings, lower energy costs, including fuel costs, and efforts to improve production efficiency resulted in gross profit of ¥536 million, up ¥53 million year on year; operating profit of ¥44 million, up ¥32 million; ordinary profit of ¥56 million, up ¥29 million; and net income for the quarter of ¥37 million, up ¥14 million.」
The company states that lower energy costs, including fuel costs, reduced the pressure on profit from fluctuations in crude oil and fuel prices during the cumulative quarter-to-date period. - FY2020-Q1MitigatedAnnual report
「In terms of earnings, in addition to higher revenue, improved productivity and lower energy costs, including fuel costs, resulted in gross profit of ¥254 million, up ¥68 million year on year; operating profit of ¥2 million, compared with an operating loss of ¥46 million; ordinary profit of ¥10 million, compared with an ordinary loss of ¥42 million; and net income for the quarter of ¥6 million, compared with a net loss of ¥32 million.」
The company states that lower energy costs, including fuel costs, reduced the pressure on profit from fluctuations in crude oil and fuel prices during the quarter. - FY2019MaterialisedAnnual report
「In addition, although we strengthened process management and worked to improve production efficiency in response to persistently high fuel procurement prices, the gross profit margin declined to 15.1% from 15.4% in the previous fiscal year. However, because sales increased year on year, gross profit increased by ¥23 million to ¥910 million (¥886 million in the previous fiscal year).」
Fuel procurement prices remained high, and although the company worked to strengthen process management and improve production efficiency, the gross profit margin declined from 15.4% in the previous fiscal year to 15.1%. - FY2019-Q3RestatedAnnual report
「During the nine months ended September, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the prior fiscal year.」
The company states that there have been no material changes in its existing risks, including the impact of crude oil price fluctuations on fuel costs. - FY2019-Q2MaterialisedAnnual report
「In terms of earnings, although efforts were made to improve production efficiency, gross profit was ¥483 million, down ¥46 million year on year; operating profit was ¥11 million, down ¥30 million; ordinary profit was ¥26 million, down ¥24 million; and net income for the quarter was ¥22 million, down ¥11 million, owing in part to crude oil prices remaining at higher levels than in the year-earlier period.」
Crude oil prices were at higher levels than in the same period of the previous year, and this was reflected in the actual results as a factor behind the decline in profit. - FY2019-Q1MaterialisedAnnual report
「In terms of earnings, although efforts were made to improve production efficiency, gross profit was ¥185 million, down ¥64 million year on year; operating loss was ¥46 million, compared with operating profit of ¥9 million in the previous fiscal year; ordinary loss was ¥42 million, compared with ordinary profit of ¥15 million; and net loss for the quarter was ¥32 million, compared with net income of ¥9 million, owing to higher energy costs resulting from the rise in crude oil prices and other factors.」
Higher energy costs resulting from rising crude oil prices materialised and contributed to lower gross profit and an operating loss, despite efforts to improve production efficiency. - FY2018MaterialisedAnnual report
「In addition, although we strengthened process management and worked to improve production efficiency in response to declining sales and persistently high fuel procurement prices, the gross profit margin was 15.4% (17.8% in the previous fiscal year), and gross profit declined by ¥231 million to ¥886 million (¥1,118 million in the previous fiscal year).」
Persistently high fuel procurement prices materialised and led to a decline in the gross profit margin and gross profit despite efforts to strengthen process management and improve production efficiency. - FY2018-Q3RestatedAnnual report
「During the nine months ended September, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the prior fiscal year.」
The company states that there have been no material changes in its existing risks, including the impact of crude oil price fluctuations on fuel costs. - FY2018-Q2RestatedAnnual report
「During the six months ended June, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the prior fiscal year.」
The company states that there have been no material changes in its existing risks, including the impact of crude oil price fluctuations on fuel costs. - FY2018-Q1RestatedAnnual report
「During the three months ended March, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the prior fiscal year.」
The company states that there have been no material changes in its existing risks, including the impact of crude oil price fluctuations on fuel costs. - FY2017RestatedAnnual report
「We use liquefied petroleum gas and heavy oil as fuels. While continuously monitoring market prices, we negotiate prices with our suppliers. However, crude oil prices may fluctuate sharply depending on supply and demand in emerging countries such as China and India, the situation in the Middle East, economic conditions in the United States and the euro area, exchange rates, and conditions in speculative funds, which could affect our results.」
The company reiterates the risk of crude oil price fluctuations associated with the use of liquefied petroleum gas and heavy oil, and its response through monitoring market conditions and negotiating prices. - FY2017-Q3RestatedAnnual report
「During the nine months ended September, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the prior fiscal year.」
The company states that there have been no material changes concerning the impact of crude oil price fluctuations on fuel costs. - FY2017-Q2RestatedAnnual report
「During the six months ended June, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the prior fiscal year.」
The company states that there have been no material changes concerning the impact of crude oil price fluctuations on fuel costs. - FY2017-Q1RestatedAnnual report
「During the three months ended March, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the prior fiscal year.」
The company states that there have been no material changes concerning the impact of crude oil price fluctuations on fuel costs. - FY2016First statedAnnual report
「We use liquefied petroleum gas and heavy oil as fuels. While continuously monitoring market prices, we negotiate prices with our suppliers. However, crude oil prices may fluctuate sharply depending on supply and demand in emerging countries such as China and India, the situation in the Middle East, economic conditions in the United States and the euro area, exchange rates, and conditions in speculative funds, which could affect our results.」
The company discloses its fuel use and price negotiations, and identifies crude oil price fluctuations driven by supply and demand, geopolitical conditions, economic conditions, foreign exchange rates, and speculative factors as risks.