Selling prices and earnings fluctuations linked to fuel procurement prices
First written in FY2017-Q1. 12 of 28 entries say "Materialised", first in FY2018-Q3. Latest entry: 2026-11-09.
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- FY2026MaterialisedAnnual report
「In the core LP gas business, sales volumes increased year on year as the Company actively proposed products such as gas fan heaters and gas clothes dryers that encourage higher unit consumption. However, lower unit selling prices resulted in lower net sales year on year.」
Although sales volumes increased, lower unit selling prices actually appeared in results as lower net sales. - FY2024-Q3MaterialisedAnnual report
「In the electricity business, profit declined year on year due to the impact of higher procurement unit prices and other factors.」
Higher procurement unit prices in the electricity business actually appeared as lower profit, and the risk that procurement prices, electricity procurement prices and earnings move together remains. - FY2024-Q2WorsenedAnnual report
「Segment loss was ¥133 million, compared with a segment loss of ¥70 million in the same quarter of the previous year, due to lower sales volumes of LP gas and petroleum products, higher cost of sales from inventory effects accompanying the decline in LP gas procurement prices, and lower profit caused by persistently high electricity procurement prices in the electricity business.」
Fluctuations in procurement prices and persistently high electricity procurement prices affected profit, causing the segment loss in the energy-related business to widen from ¥70 million in the previous year to ¥133 million. - FY2024-Q1WorsenedAnnual report
「(Energy-related business) Due to lower sales volumes of LP gas and petroleum products and other factors, net sales were ¥5,572 million, down 5.8% from the same quarter of the previous year. Segment loss was ¥74 million, compared with segment profit of ¥63 million in the same quarter of the previous year, due in part to higher cost of sales from inventory effects accompanying the decline in LP gas procurement prices and lower profit caused by persistently high electricity procurement prices in the electricity business.」
In addition to lower sales volumes, inventory effects from lower LP gas procurement prices and persistently high electricity procurement prices caused the energy-related business to swing from profit of ¥63 million in the previous year to a segment loss of ¥74 million. - FY2023-Q3WorsenedAnnual report
「However, segment profit was ¥91 million, down 72.9% year on year, due in part to the impact of higher wholesale electricity procurement prices in the electricity business.」
Higher wholesale electricity procurement prices appeared as lower profit. Segment profit in the energy-related business was ¥91 million, down 72.9% year on year. The risk that procurement and electricity procurement prices move together with profit remains. - FY2023-Q2WorsenedAnnual report
「Higher selling prices accompanying the rise in procurement prices for LP gas and petroleum products resulted in net sales of ¥11,575 million, up 16.2% from the same quarter of the previous year. However, segment loss was ¥70 million, compared with segment profit of ¥65 million in the same quarter of the previous year, due in part to delays in passing higher LP gas procurement costs through to selling prices and higher wholesale electricity procurement prices in the electricity business.」
Higher procurement prices led to higher selling prices and net sales, while delays in passing through the increases and higher wholesale electricity procurement prices caused the energy-related business to swing from profit of ¥65 million in the previous year to a loss of ¥70 million. - FY2023-Q1MitigatedAnnual report
「Segment profit was ¥63 million, compared with segment profit of ¥3 million in the same quarter of the previous year, due in part to the gradual pass-through of the substantial increase in procurement prices into selling prices.」
Although the substantial rise in procurement prices continued, the Company gradually passed the increase through to selling prices, and explained that segment profit in the energy-related business increased from ¥3 million in the same quarter of the previous year to ¥63 million. - FY2022WorsenedAnnual report
「However, segment profit was ¥613 million, down 30.2% year on year, as the sharp rise in procurement prices could not be fully offset.」
The sharp rise in procurement prices could not be absorbed through selling prices and other measures, resulting in a 30.2% year-on-year decline in annual segment profit in the energy-related business. - FY2022-Q3RestatedAnnual report
「Although sales volumes of LP gas and petroleum products declined, higher selling prices accompanying the rise in procurement prices resulted in net sales of ¥17,878 million, up 14.4% from the same quarter of the previous year. However, segment profit was ¥338 million, down 36.3%, as the sharp rise in procurement prices could not be fully offset.」
The Company continued to describe how higher procurement prices led to higher selling prices and net sales, while the sharp rise in procurement prices could not be fully offset in profit, resulting in a 36.3% year-on-year decline in segment profit. - FY2022-Q2WorsenedAnnual report
「On the other hand, segment profit was ¥65 million, down 77.9% year on year, because the Company was unable to fully cover the sharp increase in procurement prices, in addition to the impact of accounting standards and other requirements concerning revenue recognition.」
The sharp rise in procurement prices actually affected sales and profit, resulting in a 77.9% year-on-year decline in segment profit in the energy-related business. The longstanding risk that procurement prices, selling prices and earnings move together has appeared as a substantial decline in profit. - FY2022-Q1MaterialisedAnnual report
「In terms of profit, in addition to the impact of accounting standards concerning revenue recognition, the sharp rise in procurement prices for LP gas and petroleum products and the absence of special factors in the fresh produce and other businesses (construction business) that had been present in the previous year resulted in an operating loss of ¥14 million, compared with operating profit of ¥187 million in the same quarter of the previous year, and ordinary profit of ¥61 million, down 75.7% year on year.」
The Company explained that the sharp rise in procurement prices for LP gas and petroleum products, together with changes in accounting standards and other factors, appeared in results as an operating loss of ¥14 million and a 75.7% year-on-year decline in ordinary profit. - FY2021MaterialisedAnnual report
「In addition to lower demand, particularly for commercial-use LP gas and petroleum products, due to the COVID-19 pandemic, lower selling prices resulting from low fuel import prices led to net sales of ¥22,810 million, down 9.9% year on year.」
Low fuel import prices appeared as lower selling prices and, together with declining demand, led to a 9.9% decrease in net sales in the energy-related business. - FY2021-Q3MaterialisedAnnual report
「In addition to lower demand for LP gas, petroleum products and other products due to the COVID-19 pandemic, lower selling prices resulting from declining procurement prices led to net sales of ¥15,632 million, down 12.9% from the same quarter of the previous year.」
The Company explained that lower procurement prices appeared as lower selling prices and, together with declining demand, led to a 12.9% decrease in net sales in the energy-related business. - FY2021-Q1MaterialisedAnnual report
「As sales volumes of LP gas, gasoline and other products declined due to requests to suspend operations and calls for self-restraint in going out amid the spread of COVID-19, net sales for the three-month period ended June 30 were ¥5,293 million, down 15.9% from the same quarter of the previous year. In terms of profit, operating profit was ¥189 million, down 34.9%, and ordinary profit was ¥256 million, down 31.8%, due to the decline in sales volumes and the effects of inventory valuation for LP gas and other products.」
The Company stated that the decline in sales volumes due to COVID-19 and inventory valuation effects appeared in actual results as a 15.9% decrease in net sales, a 34.9% decrease in operating profit and a 31.8% decrease in ordinary profit. - FY2020MaterialisedAnnual report
「For the fiscal year, sales in the electricity retail business were firm due to an increase in new contracts. However, sales volumes of core products such as LP gas and kerosene remained weak because of the record-warm winter, while lower selling prices for petroleum products also affected results. Net sales were ¥27,912 million, down 1.5% year on year.」
Lower selling prices for petroleum products actually contributed to the decline in net sales, and together with weak sales volumes due to the mild winter, resulted in a 1.5% year-on-year decrease in net sales. - FY2020-Q3MaterialisedAnnual report
「Sales volumes of the Company's core products, LP gas and petroleum products, struggled amid a record trend toward warmer winters, while sales unit prices declined in line with procurement prices.」
The Company explained that lower procurement prices appeared as lower selling prices and, together with sluggish sales volumes due to the mild winter, led to lower net sales in the energy-related business. - FY2020-Q1RestatedAnnual report
「In the energy-related business, both sales volumes and selling prices remained above the previous fiscal year.」
The Company explained that both sales volumes and selling prices in the energy-related business exceeded the previous year, continuing to demonstrate the linkage between fuel prices, selling prices and earnings. - FY2019-Q3MaterialisedAnnual report
「In terms of profitability, the cost of sales increased due to the inventory impact of fluctuations in the procurement prices of petroleum products and LP gas. However, as a result of efforts to reduce expenses, operating profit was ¥358 million, up 4.8% year on year, and ordinary profit was ¥488 million, up 2.7%.」
Fluctuations in procurement prices for petroleum products and LP gas actually resulted in higher cost of sales through inventory effects. At the same time, the Company stated that operating profit and ordinary profit exceeded the levels recorded in the same quarter of the previous year as a result of cost reductions and other measures. - FY2019-Q1MaterialisedAnnual report
「In terms of profit, cost of sales increased as procurement prices for petroleum products and LP gas rose. However, efforts to reduce expenses resulted in operating profit of ¥168 million, up 14.2% year on year, and ordinary profit of ¥228 million, up 7.6%.」
Higher procurement prices for petroleum products and LP gas actually resulted in higher cost of sales. At the same time, the Company explained that expense reductions resulted in operating profit of ¥168 million and ordinary profit of ¥228 million. - FY2018-Q3MaterialisedAnnual report
「In terms of profit, cost of sales increased due in part to inventory effects from fluctuations in procurement prices for petroleum products and LP gas. Operating profit was ¥341 million, down 28.2% from the same quarter of the previous year, and ordinary profit was ¥475 million, down 21.9%.」
Changes in procurement prices actually resulted in higher cost of sales and lower profit through inventory effects. Operating profit was ¥341 million, down 28.2% year on year, while ordinary profit was ¥475 million, down 21.9%. - FY2018-Q2RestatedAnnual report
「Selling prices also increased in line with procurement prices. As a result, net sales in the energy-related business were ¥9,764 million, up 9.1% from the same quarter of the previous year.」
The Company continued to describe how higher procurement prices are reflected in selling prices. This time, net sales in the energy-related business increased 9.1% year on year, partly due to higher sales volumes. - FY2018-Q1RestatedAnnual report
「In addition, sales prices also increased in line with procurement prices.」
The Company continued to describe how changes in fuel procurement prices are reflected in selling prices. This time, it explained that higher selling prices, together with increased sales volumes of petroleum products and LP gas, led to higher net sales. - FY2017RestatedAnnual report
「For the fiscal year, fuel-related procurement prices remained low year on year, and selling prices likewise remained low, resulting in net sales of ¥25,585 million, down 3.1% year on year.」
The Company continued to explain how low fuel procurement prices affected net sales through selling prices, reporting a 3.1% year-on-year decline in annual net sales. - FY2017-Q3RestatedAnnual report
「During the nine-month period ended December 31, as fuel-related procurement prices remained low year on year, selling prices also remained low in line with them, resulting in net sales of ¥17,690 million, down 8.3% from the same period of the previous year.」
The Company continued to explain that low fuel procurement prices resulted in low selling prices and lower net sales. - FY2017-Q2RestatedAnnual report
「During the six-month period ended September 30, as fuel-related procurement prices remained low year on year, selling prices also remained low in line with them, resulting in net sales of ¥10,316 million, down 13.7% from the same period of the previous year.」
The Company continued to explain that low fuel procurement prices resulted in low selling prices and lower net sales. - FY2017-Q1First statedAnnual report
「As procurement prices for fuel-related products remained low year on year, selling prices also remained low in line with them, resulting in net sales of ¥5,151 million, down 15.7% from the same quarter of the previous year.」
The Company explained that persistently low fuel procurement prices led to lower selling prices and a 15.7% year-on-year decline in net sales.