High dependence on the shrinking service station industry
First written in FY2016. 17 of 32 entries say "Restated". Latest entry: 2026-05-27.
No other company in this theme has enough history to compare yet.
- FY2026-H1RestatedAnnual report
「Together with rising prices for daily necessities, food and other items, users' preference for thrift has strengthened further, and the purchasing environment for non-fuel car-care products remained difficult.」
The Group has reconfirmed that users' preference for thrift has strengthened and the difficult purchasing environment for car-care products continues against a backdrop of persistently high fuel prices and rising prices for essential goods. - FY2025-H1WorsenedAnnual report
「Government subsidies have continued and market conditions are stable, but fuel prices remain elevated. Together with price increases for daily necessities and food, this has further strengthened users' preference for thrift, and the purchasing environment for non-fuel car-care products remained difficult.」
The Group states that, while government subsidies have stabilized market conditions, persistently high fuel prices and price increases for daily necessities and food further strengthened the preference for thrift, leaving the purchasing environment for car-care products more difficult than in the previous fiscal year. - FY2024RestatedAnnual report
「More than 99% of the Group's sales are to the SS industry. The Group continues to sell products each year to the market for the SS industry, which continues to contract, and trends in the SS industry's operating environment may affect the Group's performance.」
Dependence on the SS industry for more than 99% of sales and the market's contraction continue to be identified as major risks. - FY2024-Q2WorsenedAnnual report
「In the service-station (SS) industry, the destination market for the Group's car-care products, government subsidies continue to curb a sharp increase in fuel prices, but prices remain elevated, general prices are trending even higher, and users' consumer sentiment continues to deteriorate.」
The Group states that, although government subsidies have curbed a sharp increase in fuel prices, the continued elevation of fuel prices, further increases in general prices and declining consumer sentiment are making the demand environment for SSs difficult. - FY2024-Q1RestatedAnnual report
「In the service-station (SS) industry, the destination market for the Group's car-care products, users' preference for thrift has continued as persistently high fuel prices have increased the burden of living expenses amid rising general prices, and the purchasing environment for non-fuel car-care products remained difficult.」
The Group has reconfirmed that users' preference for thrift and the difficult purchasing environment for car-care products continue against a backdrop of persistently high fuel prices and rising general prices. - FY2023-Q3RestatedAnnual report
「In the service-station (SS) industry, the destination market for the Group's car-care products, government subsidies continue to curb a sharp increase in fuel prices, but prices remain elevated, general prices continue to trend higher, and users' sluggish consumer sentiment persists.」
While government subsidies have curbed a sharp increase in fuel prices, persistently high fuel prices, rising general prices and sluggish consumer sentiment continue, the Group has reconfirmed. - FY2023-Q2WorsenedAnnual report
「In the service-station (SS) industry, the destination market for the Group's car-care products, government subsidies continue to curb a sharp increase in fuel prices, but prices remain elevated, general prices are trending even higher, and users' consumer sentiment continues to deteriorate.」
The Group states that, although government subsidies have curbed a sharp increase in fuel prices, general prices are trending even higher and users' consumer sentiment continues to deteriorate, providing specific evidence of worsening demand conditions for SSs. - FY2023-Q1RestatedAnnual report
「In the service-station (SS) industry, the destination market for the Group's car-care products, government subsidies have curbed a sharp increase in fuel prices, but prices have remained elevated and, together with higher general prices, have reduced users' interest in car-care products.」
Although government subsidies have curbed a sharp increase in fuel prices, persistently high fuel prices and rising general prices have kept the demand environment for car-care products sold to SSs difficult. - FY2022Presentation of an outlook for renewed growth in the SS marketAnnual report
「The Group will further focus its sales efforts on the SS market, an existing business in which renewed market growth is expected over the next several years, with the aim of expanding performance.」
While the structural contraction of and high dependence on the SS industry have long been identified as risks, the Group presents an outlook for renewed growth in the existing SS market over the next several years and aims to expand performance by specializing its sales efforts. - FY2022-Q3WorsenedAnnual report
「In the service-station (SS) industry, the destination market for the Group's core car-care products, persistently high fuel prices, together with higher prices caused by surging raw-material and transportation costs, reduced consumers' willingness to purchase non-fuel car-care products.」
The Group states that, amid continued high dependence on the SS industry, surging raw-material and transportation costs in addition to fuel prices reduced consumers' willingness to purchase car-care products. - FY2022-Q1MitigatedAnnual report
「Although fuel prices are trending higher, users have not postponed purchases, and price normalization has continued.」
While dependence on the SS industry continues, the Group states that users have not postponed purchases despite the upward trend in fuel prices, and that price normalization has continued, indicating an improvement in the current sales environment. - FY2021-Q3MaterialisedAnnual report
「In the service-station (SS) industry, the destination market for the Group's core car-care products, the suspension of car-care services and other measures continued to affect car-care revenue.」
Regarding the risk associated with high dependence on the SS industry, the Group states that the suspension of car-care services continued to have an actual impact on car-care revenue. - FY2021-Q1MaterialisedAnnual report
「In the service-station (SS) industry, the destination market for the Group's core car-care products, car-care revenue was materially affected by shorter operating hours, the voluntary suspension and cancellation of various customer-attraction campaigns, and the voluntary suspension of car-care services involving work other than fuel dispensing.」
Regarding the risk of high dependence on the SS industry, the Group states that shorter operating hours, cancelled campaigns and the suspension of car-care services due to COVID-19 actually affected car-care revenue. - FY2020RestatedAnnual report
「More than 99% of the Group's sales are to the SS industry. The Group continues to sell products each year to the market for the SS industry, which continues to contract, and trends in the SS industry's operating environment may affect the Group's performance.」
Dependence on the SS industry for more than 99% of sales and the market's contraction continue to be identified as major risks. - FY2020-Q3MaterialisedAnnual report
「Under these conditions, sales of the Group's car-care products at SSs were in an even more difficult environment, as the consumption tax increase from October compounded the persistently elevated fuel prices.」
Regarding the existing risk of high dependence on the SS industry, the Group states that the sales environment for car-care products actually deteriorated against a backdrop of elevated fuel prices and the consumption tax increase. - FY2020-Q2RestatedAnnual report
「In the service-station (SS) industry, the Group's sales market, the restructuring following the business integrations of major petroleum wholesalers has largely run its course, and market conditions are stable. However, fuel prices have remained elevated, and sales of car-care products remained difficult as users continued to favor thrift.」
While recognizing that market conditions have stabilized following the restructuring of petroleum wholesalers, the Group has reconfirmed that the difficult environment in the SS industry, its main sales market, continues against a backdrop of elevated fuel prices and consumers' preference for thrift. - FY2020-Q1RestatedAnnual report
「In the service-station (SS) industry, the destination market for the Group's core car-care products, fuel price competition has re-emerged in some regions, but the benefits of the major petroleum wholesalers' business integrations have continued, and market conditions are generally stable.」
Although fuel price competition has re-emerged in some regions of the SS industry, market conditions are generally stable due to the benefits of petroleum-wholesaler integrations. There has been no material change in the existing risk of high dependence on the SS industry. - FY2019WorsenedAnnual report
「More than 99% of the Group's sales are to the SS industry. The Group continues to sell products each year to the market for the SS industry, which continues to contract, and trends in the SS industry's operating environment may affect the Group's performance.」
Dependence on the SS industry for sales has been specified as more than 99%, up from the previous figures of more than 95% and 98%, further highlighting the Group's high dependence on a shrinking market. - FY2019-Q3RestatedAnnual report
「However, domestic fuel demand continues to decline due to the spread of eco-friendly vehicles and other factors, the environment surrounding SSs remains difficult, and the importance of non-fuel revenue will remain unchanged.」
The continued decline in domestic fuel demand and the difficult environment in the SS industry have been reconfirmed. - FY2019-Q1RestatedAnnual report
「Domestic gasoline demand has continued to decline against a backdrop of the spread of eco-friendly vehicles, including hybrid vehicles, and the declining birth rate. The SS industry has entered an era in which increasingly differentiated strategies and diversified business models are required to attract customers.」
The decline in gasoline demand caused by the spread of eco-friendly vehicles and the declining birth rate, as well as the continued difficult environment in the SS industry, has been reconfirmed. - FY2018Quantifying dependence on SSsAnnual report
「98% of the Group's sales come from sales of car-care products to SSs. Sales volumes of the Group's core products, including oil filters, car-wash detergents, wiper blades, batteries and air-conditioning products, are affected by weather, the policies of petroleum wholesalers and the policies of SSs.」
In addition to the previous risk disclosure stating "more than 95%," the management analysis specifically states that 98% of sales are to SSs. - FY2018WorsenedAnnual report
「Fuel demand is expected to continue declining by approximately 2% each year, sales volumes are not expected to turn upward, and the number of service stations continues to decline.」
Regarding the contraction of the SS market, the Group indicates that fuel demand is expected to decline by approximately 2% each year, sales volumes are not expected to recover, and the number of service stations will continue to fall. The management analysis also states that 98% of sales come from car-care products sold to SSs, quantifying the degree of dependence. - FY2018-Q3RestatedAnnual report
「In the service-station (SS) industry, the destination market for the Group's core car-care products, consumers have continued to postpone purchases because fuel prices have remained elevated following the rise in crude oil prices, and the difficult operating environment continues.」
The difficult environment in the SS industry, the Group's main sales market, continues against a backdrop of elevated fuel prices following the rise in crude oil prices and consumers' postponement of purchases. - FY2018-Q2RestatedAnnual report
「In the service-station (SS) industry, the destination market for the Group's core car-care products, consumers have continued to postpone purchases because of their preference for thrift, compounded by the spread of eco-friendly vehicles and the surge in fuel prices since this summer. The difficult operating environment therefore continues.」
The difficult operating environment in the SS industry continues amid the spread of eco-friendly vehicles, surging fuel prices and consumers' postponement of purchases. - FY2018-Q1RestatedAnnual report
「The operating environment remains difficult in the service-station (SS) industry, the destination market for the Group's core car-care products, due to the spread of eco-friendly vehicles, including hybrid vehicles, and consumers' continued postponement of purchases.」
The difficult environment in the SS industry, the Group's main sales market, continues amid the spread of eco-friendly vehicles and consumers' postponement of purchases. There has been no material change in the existing risks of market contraction and dependence on the SS industry. - FY2017RestatedAnnual report
「More than 95% of the Group's sales are to the service-station (SS) industry. The Group continues to sell products each year to the market for the SS industry, which continues to contract, and trends in the SS industry's operating environment may affect the Group's performance.」
Dependence on the SS industry for more than 95% of sales and the market's contraction continue to be identified as major risks. - FY2017-Q3MaterialisedAnnual report
「Under these economic and market conditions, although the industry is in a transitional phase, a gap emerged between the products the SS industry sought to sell and the direction targeted by the Group. The Group revised its course during the third quarter of the consolidated fiscal period and achieved higher sales, but was unable to offset the impact of the first half. As a result, the cumulative third quarter consolidated period recorded higher sales but lower profit year on year.」
The divergence between the SS industry's sales policy and the Group's direction continued, and the impact of the first half could not be offset, affecting performance as higher sales but lower profit for the cumulative period. - FY2017-Q2MaterialisedAnnual report
「These changes in the market environment created some divergence between the Group's direction and the role it is intended to fulfill by proposing the core car-maintenance revenue essential to SS operations, and sales fell short of the initial forecast.」
The transformation of the SS industry created a divergence from the Group's proposals, and the resulting impact on performance, with sales falling short of the initial forecast, actually occurred. - FY2017-Q1RestatedAnnual report
「A market environment that continues to contract, albeit at a slower pace than before」
The continued contraction of the SS market has been reconfirmed. - FY2016First statedAnnual report
「More than 95% of the Group's sales are to the service-station (SS) industry. The Group continues to sell products each year to the market for the SS industry, which continues to contract, and trends in the SS industry's operating environment may affect the Group's performance.」
The contraction of the industry on which more than 95% of sales depend is identified as a major business risk.