Uncertainty over the impact of the OPEC production cut agreement on energy prices and personal consumption
First written in FY2017-Q3. 11 of 26 entries say "Worsened", first in FY2020-Q3. Latest entry: 2026-11-09.
Sanrin moved to the "Worse" side of this theme in 2018, 4 years before the typical company in this theme (2022).
The whole theme swung hardest in 2020: 46 of 65 companies on the "Worse" side.
40 other companies' latest entry also says "Worsened".
- FY2026-H1ReframedAnnual report
「In the energy industry related to our Group, personnel and logistics costs continue to rise, and we need to continue monitoring the impact on management of global warming and geopolitical risks, including those in the Middle East.」
The explanation has expanded from its previous focus on fluctuations in crude oil and energy prices to monitoring the impact on management of higher personnel and logistics costs, global warming and geopolitical risks, including those in the Middle East. - FY2025WorsenedAnnual report
「In the energy industry related to our Group, in addition to heightened tensions in the Middle East and energy prices remaining high because of the prolonged situation between Russia and Ukraine, procurement prices for various supply equipment and machinery have risen, personnel and logistics costs have increased substantially, and subsidies under the Fuel Oil Price Volatility Mitigation Program have been reduced. We need to monitor the potential impact of these and other factors on future consumer activity, and the challenging business environment surrounding our Company continues.」
It explains that the factors affecting conditions have expanded from heightened tensions in the Middle East and the prolonged situation between Russia and Ukraine to procurement prices for equipment and machinery, personnel and logistics costs, and reduced subsidies, and that the challenging environment will continue. - FY2025-H1WorsenedAnnual report
「In the energy industry related to our Group, energy prices have remained high because of the worsening situation in the Middle East and the prolonged situation between Russia and Ukraine. In addition, higher transportation costs are having an impact, and the challenging operating environment surrounding our Company continues.」
It cites the worsening situation in the Middle East in addition to the prolonged situation between Russia and Ukraine, explaining that energy prices continue to remain high. The impact of higher transportation costs has also been added, and the challenging operating environment continues. - FY2024-Q3WorsenedAnnual report
「In the energy industry related to our Group, energy prices have remained high because of the prolonged situation between Russia and Ukraine and growing geopolitical risks surrounding the situation in the Middle East, and a challenging operating environment is expected to continue.」
It explains that, in addition to the prolonged situation between Russia and Ukraine, rising geopolitical risks surrounding the Middle East have become a new factor, and that high energy prices and a challenging operating environment will continue. - FY2024-Q1RestatedAnnual report
「In the energy industry related to our Group, the surge in resource prices and sharp fluctuations in energy prices caused by the prolonged situation between Russia and Ukraine and other factors have continued. We need to continue monitoring developments in the international energy situation, and the business environment surrounding our Company remains challenging.」
It reaffirms the explanation that higher resource prices caused by the prolonged situation between Russia and Ukraine and sharp fluctuations in energy prices continue, and that the challenging business environment will persist. - FY2023-Q3RestatedAnnual report
「In the energy industry related to our Group, the impact on energy costs from higher resource prices caused by the prolonged situation between Russia and Ukraine and mounting global inflationary pressure has continued, and the business environment surrounding our Company remains challenging.」
It explains that the prolonged situation between Russia and Ukraine, higher resource prices and global inflationary pressure continue to affect energy costs, and that the challenging business environment will continue. - FY2023-Q2WorsenedAnnual report
「In our Group's energy-related businesses, procurement prices for LP gas, petroleum products and electricity have risen substantially because of higher crude oil and other energy prices, driven by the situation between Russia and Ukraine and global economic trends, together with the yen's depreciation. These have become factors with a significant impact on our Group's performance.」
The yen's depreciation has compounded the surge in crude oil and other energy prices driven by the situation between Russia and Ukraine and the global economy, causing procurement prices for LP gas, petroleum products and electricity to rise substantially and significantly affecting performance. - FY2023-Q1WorsenedAnnual report
「In the energy industry related to our Group, higher crude oil prices and the depreciation of the yen since Russia's invasion of Ukraine have significantly affected the procurement prices of LP gas and petroleum products, and there are few factors that would alleviate this impact. The business environment surrounding our Company therefore remains challenging.」
It explains that higher crude oil prices and the depreciation of the yen since Russia's invasion of Ukraine have significantly affected the procurement prices of LP gas and petroleum products, with few factors likely to alleviate the impact, and that the challenging business environment will continue. - FY2022WorsenedAnnual report
「In the energy industry related to our Group, since Russia's invasion of Ukraine, the surge in crude oil prices, including WTI breaking above $100 per barrel, has significantly affected the import prices and demand trends for LP gas and petroleum products. The business environment surrounding our Company therefore remains unpredictable.」
Following Russia's invasion of Ukraine, WTI broke above $100 per barrel, worsening conditions as higher crude oil prices significantly affected the import prices and demand trends for LP gas and petroleum products. - FY2022-Q3RestatedAnnual report
「In the energy industry related to our Group, crude oil prices have remained at high levels because global energy demand is strong, despite the uncertain outlook surrounding COVID-19. This continues to significantly affect the procurement prices of LP gas and petroleum products.」
It explains that crude oil prices have remained at high levels against a backdrop of strong global energy demand, continuing to significantly affect the procurement prices of LP gas and petroleum products. - FY2022-Q2WorsenedAnnual report
「In the energy industry related to our Group, crude oil prices have continued to rise sharply, driven by expectations of a global economic recovery following the end of the COVID-19 pandemic and the OPEC+ alliance maintaining coordinated production cuts. This continues to significantly affect the procurement prices of LP gas and petroleum products.」
Crude oil prices have continued to rise sharply against a backdrop of expectations for a global economic recovery and OPEC+ maintaining coordinated production cuts, and continue to significantly affect the procurement prices of LP gas and petroleum products. - FY2022-Q1MaterialisedAnnual report
「In the energy industry related to the Group, crude oil prices have continued to rise since November 2020, driven by expectations of a global economic recovery following the end of the COVID-19 pandemic, and have had a major impact on LPG and petroleum product procurement prices.」
The rise in crude oil prices since November 2020 actually occurred and significantly affected the procurement prices of LP gas and petroleum products. - FY2021ReframedAnnual report
「In the energy industry related to the Group, crude oil prices fell abnormally in April 2020 due to a global decline in demand for crude oil, but subsequently remained relatively stable. Since November, however, they have turned upward, and conditions have remained unstable as the spread of COVID-19 and other factors continue to have a major impact on LPG and petroleum product import prices and demand trends.」
It was stated that crude oil prices stabilised after their abnormal decline in April 2020 before turning upward from November onward. The situation was described as unstable, with the spread of COVID-19 affecting import prices and demand trends. - FY2021-Q3ReframedAnnual report
「In the energy industry related to the Group, crude oil prices fell abnormally in April 2020 due to a global decline in demand for crude oil, but subsequently remained relatively stable. However, the spread of COVID-19 continued to have a major impact on LPG and petroleum product import prices and demand trends, and conditions remained unstable, with prices recently trending upward.」
The explanation changed to state that crude oil prices temporarily stabilised after their abnormal decline in April 2020, but that conditions remained unstable as the spread of COVID-19 affected LPG and petroleum product import prices and demand trends, with prices recently trending upward. - FY2021-Q1MaterialisedAnnual report
「In the energy industry related to the Group, demand for petroleum products declined due to a sharp slowdown in the global economy associated with the spread of COVID-19, and crude oil prices fell sharply in April.」
It was recorded that demand for petroleum products declined due to a sharp slowdown in the global economy and that crude oil prices fell sharply in April. - FY2020WorsenedAnnual report
「In the business environment surrounding the Group, crude oil prices continued to fluctuate unstably due to the effects of weather, including warm winter conditions, growing uncertainty over supply and demand adjustments by major oil-producing countries including OPEC, and concerns over a slowdown in the global economy associated with the spread of COVID-19.」
In addition to OPEC and the situation in the Middle East, concerns over a global economic slowdown caused by COVID-19 were cited, and it was stated that crude oil prices continued to fluctuate unstably. - FY2020-Q3WorsenedAnnual report
「In the fuel industry related to the Group, conditions of increasing crude oil market volatility have continued due to the destabilisation of the situation in the Middle East in addition to US-China trade friction.」
It was stated that conditions of increasing crude oil price volatility have continued, with the destabilisation of the situation in the Middle East adding to US-China trade friction as a contributing factor. - FY2020-Q2ReframedAnnual report
「In the energy industry related to the Group, crude oil prices had remained weak amid growing concerns over declining demand due to US-China trade friction, but conditions remained unstable, with prices surging temporarily after Saudi Arabian oil facilities were attacked in September.」
It described the instability of crude oil prices, which remained weak amid concerns over declining demand due to US-China trade friction before surging temporarily following attacks on Saudi Arabian oil facilities. - FY2020-Q1ReframedAnnual report
「In the energy industry related to the Group, crude oil prices have remained highly volatile due in part to US-China trade friction and growing uncertainty over the situation in Iran.」
The explanation of the factors changed from geopolitical risks in the Middle East and surging and plunging crude oil prices to sharp crude oil price volatility against the backdrop of US-China trade friction and growing uncertainty over the situation in Iran. - FY2019-Q3ReframedAnnual report
「In the fuel industry related to the Group, conditions of high price volatility continued, with crude oil prices, which had surged due to geopolitical risks in the Middle East, falling sharply from their October peak toward year-end.」
The explanation changed from an environment of elevated and rising-prone crude oil prices due to coordinated production cuts by OPEC and other factors to conditions of high price volatility, with crude oil prices having surged against the backdrop of geopolitical risks in the Middle East before plunging from their October peak. - FY2019-Q1ReframedAnnual report
「In the fuel industry related to the Group, an environment in which crude oil prices are prone to rise has continued, due in part to coordinated production cuts by OPEC.」
The explanation changed from references to the extension of production-cut measures by OPEC and non-member oil-producing countries and geopolitical risks to the continuation of an environment in which crude oil prices are prone to rise due to coordinated production cuts by OPEC. - FY2018-Q2ReframedAnnual report
「Despite concerns over consumer sentiment arising from a moderate rise in energy prices and geopolitical risks, the economy is recovering moderately.」
The explanation changed from high crude oil prices caused by the previous quarter's extension of production-cut measures by OPEC and major non-member oil-producing countries to concerns over the impact of moderately rising energy prices and geopolitical risks on consumer sentiment. - FY2018-Q1ReframedAnnual report
「In the fuel industry related to the Group, crude oil prices have remained elevated due in part to an agreement between OPEC and major non-member oil-producing countries, including Russia, to extend production-cut measures.」
The explanation changed from uncertainty over the impact on personal consumption of an OPEC-only production cut agreement to the continuation of elevated crude oil prices due to the extension of production-cut measures involving non-member oil-producing countries, including Russia. - FY2017-Q3First statedAnnual report
「Following OPEC's agreement to implement production cuts, the outlook became uncertain as to how energy prices would affect personal consumption.」
The uncertainty over the future impact of energy prices on personal consumption, against the backdrop of OPEC's agreement to implement production cuts, was identified as a new risk.