Dependence on crude oil prices and protected-horticulture capital investment
First written in FY2016. 6 of 9 entries say "Restated". Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025RestatedAnnual report
「Most of the fuel used by the Thermal Equipment Business’s hot-air heaters for protected horticulture is oil, and trends in crude oil prices may affect growers’ willingness to invest in equipment.」
The company continues to disclose dependence on oil and fluctuations in equipment investment caused by crude oil prices as risks, and describes risk diversification measures involving electric heat pumps. - FY2023RestatedAnnual report
「Most of the fuel used by the facility horticulture hot-air heaters in the Thermal Equipment business is oil, and trends in crude oil prices may affect growers’ willingness to invest in equipment. In response, we are diversifying risk by promoting the production and sale of electric heat pumps for facility horticulture.」
The company continues to disclose dependence on oil and fluctuations in equipment investment caused by crude oil prices as risks, while continuing to diversify risk through electric heat pumps. - FY2020MitigatedAnnual report
「In response, we are diversifying risk by promoting the production and sale of electric heat pumps for protected horticulture.」
The company identified the production and sale of electric heat pumps as a risk-diversification measure in response to dependence on oil and fluctuations in capital investment caused by crude oil prices. - FY2018RestatedAnnual report
「Most of the fuel used by the Thermal Equipment Business’s hot-air heaters for protected horticulture is oil, and trends in crude oil prices may affect growers’ willingness to invest in equipment.」
The company continues to disclose dependence on oil and crude oil prices as factors affecting capital investment in protected horticulture. - FY2017RestatedAnnual report
「Most of the fuel used by the Thermal Equipment Business’s hot-air heaters for protected horticulture is oil, and trends in crude oil prices may affect growers’ willingness to invest in equipment.」
The company continues to disclose dependence on crude oil prices and protected-horticulture capital investment as risks. In terms of results, heat-pump shipments continued to decline as crude oil prices remained low. - FY2017-Q3RestatedAnnual report
「The recovery work following the snow damage two years earlier, which had produced results in the previous fiscal year, came to an end, and shipments of heat pumps for protected horticulture declined because crude oil prices remained low.」
The decline in shipments of heat pumps for protected horticulture due to persistently low crude oil prices continues to appear in the results commentary, indicating that the impact of an already materialized risk continues. - FY2017-Q2RestatedAnnual report
「The recovery work following the snow damage two years earlier, which had produced results in the previous fiscal year, came to an end, and shipments of heat pumps for protected horticulture also declined because of lower crude oil prices, but」
The decline in heat-pump shipments caused by lower crude oil prices was again reflected in the current period’s results commentary, indicating that the impact of an already materialized risk continues. - FY2017-Q1MaterialisedAnnual report
「Shipments of heat pumps for protected horticulture declined further because of lower crude oil prices, but」
The decline in crude oil prices was reflected in lower heat-pump shipments, indicating that the risk materialized in quarterly results. Meanwhile, the company stated that proactive sales activities enabled it to exceed its plan. - FY2016First statedAnnual report
「Most of the fuel used by the Thermal Equipment Business’s hot-air heaters for protected horticulture is oil, and trends in crude oil prices may affect growers’ willingness to invest in equipment.」
The company stated that lower crude oil prices reduced shipments of heat pumps for protected horticulture during the fiscal year, causing sales to fall below the initial plan.