Market contraction driven by consolidation among petroleum distributors and the closure of service stations
First written in FY2016. 9 of 23 entries say "Advanced", first in FY2017-Q3. Latest entry: 2026-05-14.
1 other company's latest entry also says "Restated".
- 2026-05-14RestatedFinancial results
「In the service-station (abbreviated as “SS”) industry, which is the sales channel for the Group's car-care products,」
The company continues to view the service-station industry as the market to which its car-care products are sold. - FY2024RestatedAnnual report
「Looking ahead, although the SS market is on a declining trend, we forecast that a certain user base will be maintained. SS operators are also pursuing greater operational diversification through various initiatives.」
It reconfirms the previous market view that the SS market will remain on a declining trend, while a certain user base will be maintained and SS operations will become more diversified. - FY2023ReframedAnnual report
「Looking ahead, although the structural decline in demand will continue, we believe that a certain market can be established even amid challenging operating conditions through diversification of SS operations and expanded efforts to generate car-care revenue.」
It maintains the view that the structural decline in demand in the SS market will continue, while organizing the outlook around the possibility of establishing a certain market through diversification of SS operations and expanded car-care revenue. - FY2023-Q3Explicitly stating the slow pace of recoveryAnnual report
「Although the SS market is on a recovery trend, the pace is slow, and the company continues to focus its operations on its traditional core sales activities.」
While maintaining the view that the SS market is on a recovery trend, it adds that the pace of recovery is slow, providing greater detail on how the market recovery is progressing. - FY2023-Q2AdvancedAnnual report
「The SS market is on a recovery trend despite the impact of COVID-19.」
Following the previous statement on the recovery of SS sales operations, this statement indicates that the SS market itself is now on a recovery trend, broadening the scope of the market recovery described. - FY2022-Q1Recovery of SS sales operationsAnnual report
「Customer-attraction events and car-care services at SS, which had been subject to voluntary restrictions, are gradually restarting, and operations are recovering toward normal levels.」
In addition to stable market conditions and improved SS profitability after the restructuring, it states that customer-attraction events and car-care services suspended because of COVID-19 have resumed and that SS sales operations are returning to normal. - FY2021Stable market conditions and improved SS profitability after the restructuringAnnual report
「The SS industry has seen supply and demand normalize and market conditions stabilize as a result of the restructuring following the integration of major oil distributors. The earnings structure of SS is also improving, and capital investment remains strong despite the COVID-19 pandemic. As a result, our group has seen a significant increase in orders for equipment and machinery related to SS.」
Market perceptions have shifted from the disruption of supply and demand and market volatility caused by COVID-19, as described in the previous fiscal year, to normalized supply and demand after the restructuring, stable market conditions, an improved SS earnings structure, and increased capital investment and orders. - FY2020WorsenedAnnual report
「The restructuring of major oil distributors had also largely run its course, supply and demand were being normalized and market conditions were broadly stable, but at the end of the fiscal year the spread of COVID-19 abruptly disrupted the balance between supply and demand, causing significant market volatility.」
It states that the market shifted from normalized supply and demand and stable market conditions after the restructuring of oil distributors to a stage in which the spread of COVID-19 disrupted the balance between supply and demand and destabilized market conditions at the end of the fiscal year. - FY2020-Q3RestatedAnnual report
「The restructuring of major oil distributors has also largely run its course, supply and demand are being normalized, and market conditions are broadly stable.」
It reconfirms the view that the restructuring of oil distributors has largely run its course and that the normalization of supply and demand and stable market conditions are continuing. - FY2020-Q2AdvancedAnnual report
「The restructuring resulting from the integration of major oil distributors has largely run its course, and market conditions are stable.」
Regarding the integration of oil distributors and industry restructuring, it states that the market has moved from the previous stage of restructuring in progress and benefits taking hold to a stage where the restructuring has largely run its course and market conditions have stabilized. - FY2020-Q1AdvancedAnnual report
「In June, JXTG's nationwide service stations were unified under the ENEOS brand, and a policy was announced aimed at strengthening car-care revenue and operating stores as comfortable spaces.」
Regarding the restructuring of the oil-distribution industry, it states that JXTG's nationwide brand was unified under ENEOS in June 2019 and that an operating policy centered on strengthening car-care revenue and providing comfortable spaces was announced. - FY2019Specific market-contraction factors and challenges in the earnings structureAnnual report
「In recent years, users' lifestyles have diversified, and the era is shifting from owning cars to using them according to the purpose, through services such as ride-sharing, car-sharing and rental cars. As a result, users themselves have fewer opportunities to maintain the cars they own. Service stations (SS) continue to decline due to lower fuel demand resulting from the rise of eco-friendly vehicles, lower non-fuel revenue caused by staff shortages and difficulties finding successors. In rural areas, this has also created the problem of regions without adequate service-station coverage.」
It specifically identifies the shift toward using rather than owning cars, lower fuel demand from eco-friendly vehicles, staff shortages, difficulties finding successors and rural areas without adequate service-station coverage as factors behind the contraction of the SS market. - FY2019-Q3RestatedAnnual report
「The effects of improved supply and demand resulting from the integration of major oil distributors continued.」
It states that the effects of improved supply and demand resulting from the integration of oil distributors continued. - FY2019-Q2AdvancedAnnual report
「The effects of improved supply and demand resulting from the integration of major oil distributors took hold, and cost-linked market conditions continued.」
It states that the effects of improved supply and demand from the integration of oil distributors had taken hold and that cost-linked market conditions continued, specifying how the restructuring benefits spread through the market. - FY2019-Q1AdvancedAnnual report
「The business integration of Idemitsu Kosan and Showa Shell Sekiyu was decided for April of the following year, ushering in an era dominated by 2 major players: the largest petroleum wholesaler, JXTG, and the new company formed by Idemitsu Kosan and Showa Shell.」
The business integration of Idemitsu Kosan and Showa Shell Sekiyu was decided, specifically establishing a 2-player structure in the petroleum-wholesaler industry comprising JXTG and the new company formed by the integration. - FY2018Improved supply-demand structure and stable market conditionsAnnual report
「Led by major petroleum wholesalers, the supply-demand structure improved fundamentally and market conditions stabilized. The continued formation of a market environment linked to costs led to improved profits in some areas.」
While SS closures and restructuring resulting from petroleum-wholesaler consolidation continued, the Group described new market changes, including a fundamental improvement in the supply-demand structure and stable market conditions. - FY2018-Q2AdvancedAnnual report
「JXTG Energy, the largest petroleum wholesaler, announced that it would unify its 3 existing brands, including Esso and Mobil, under ENEOS by 2020.」
Regarding petroleum-wholesaler restructuring, the Group states that a specific plan was announced for JXTG Energy to unify 3 brands under ENEOS by 2020. - FY2018-Q1AdvancedAnnual report
「Business integrations, business alliances and capital alliances have been completed among the petroleum wholesalers, and the industry is being restructured under a new framework.」
Regarding the petroleum-wholesaler restructuring previously described as planned or underway, the Group specifies that business integrations, business alliances and capital alliances have been completed and restructuring is progressing under a new framework. - FY2017AdvancedAnnual report
「The business integrations of major petroleum wholesalers accelerated the consolidation and closure of SSs, causing confusion and deterioration in the market environment.」
The Group specifies the progress of the structural change, stating that the business integrations of petroleum wholesalers actually led to accelerated consolidation and closure of SSs and to confusion and deterioration in the market environment. - FY2017-Q3AdvancedAnnual report
「The large-scale business integration of JX Holdings and TonenGeneral Sekiyu is expected to enter the implementation phase next spring as planned. This will create an overwhelmingly leading brand with more than half of domestic sales, further expanding the outlook for the market environment surrounding the Group. Idemitsu Kosan and Showa Shell Sekiyu, the other major group, are also expected to follow soon with a similar structure.」
The integration of petroleum wholesalers is expected to enter the implementation phase the following spring as planned, specifically creating a leading brand with more than half of domestic sales and advancing the other integration plan. - FY2017-Q2Specific changes in the market structureAnnual report
「The major wave of industry restructuring triggered by the business integrations of major petroleum wholesalers has made SS operations focused on expanding fuel-market share the mainstream model. At present, car-maintenance revenue at SSs is increasingly concentrated in car washing and vehicle inspections.」
In addition to the existing structural changes of petroleum-wholesaler restructuring and SS closures, the Group specifies the transformation of the market structure, with SS revenue sources becoming concentrated in car washing and vehicle inspections. - FY2017-Q1RestatedAnnual report
「The 2 petroleum-wholesaler integration plans announced the previous year lacked a clear shape or direction, leaving the industry surrounding the Group in an unstable situation.」
The Group has reiterated its recognition that the direction of petroleum-wholesaler integration is unclear and the industry is unstable. - FY2016First statedAnnual report
「As the petroleum-wholesaler industry enters an era dominated by 2 major players, the elimination of SSs is accelerating, and the market itself is unmistakably contracting.」
The announced business integrations of Idemitsu Kosan and Showa Shell Sekiyu, and of JX Holdings and TonenGeneral Sekiyu, together with the accelerating closure of SSs, are described as structural changes in the business environment.