Weak overseas infrastructure investment budgets due to low crude oil prices
First written in FY2017. 3 of 5 entries say "Mitigated", first in FY2018. Latest entry: FY2022.
The whole theme swung hardest in 2020: 3 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Mitigated".
- FY2022MitigatedAnnual report
「Sales of oil products increased due to higher crude oil prices, bringing sales in this business to ¥6,776 million, up 30.0% from the previous consolidated fiscal year, while operating profit was ¥605 million, up 0.5%.」
Unlike the concerns about overseas infrastructure and oil-related products during the period of low crude oil prices, sales of oil products increased during the current fiscal year as crude oil prices rose. - FY2022-Q1MitigatedAnnual report
「Sales of oil products increased due to higher crude oil prices, bringing sales in this business to ¥1,382 million, up 23.6% year on year.」
In contrast to the impact of low crude oil prices on oil-related products, higher crude oil prices increased sales of oil products, resulting in a 23.6% year-on-year increase in sales. - FY2021MaterialisedAnnual report
「Sales of oil products also declined as crude oil prices fell.」
The decline in crude oil prices was reflected in actual results as lower sales of oil products. - FY2018MitigatedAnnual report
「Sales of oil-related products increased as crude oil prices rose, bringing sales in this business to ¥8,553 million, up 13.9% from the previous consolidated fiscal year.」
Rather than the previously described low crude oil prices and weak overseas infrastructure investment budgets, the current fiscal year describes rising crude oil prices and higher sales of oil-related products. - FY2017MaterialisedAnnual report
「The current situation is that infrastructure investment budgets have remained weak in all regions due to low crude oil prices since 2015.」
The company described the expansion of disaster prevention product sales in the Middle East and Central Asia, while also noting weak infrastructure investment budgets in each region due to low crude oil prices.