Intensifying competition and deteriorating earnings conditions in the energy industry

「イラン情勢の不透明感等により、エネルギーは増収確保も減益を予想」

「This business segment continues to operate in a challenging sales environment amid ongoing structural declines in demand for petroleum products.」

「The operating environment for the KAMEI CORPORATION Group's core energy business is expected to become increasingly challenging due to changes in the business environment as the energy shift accelerates with the transition toward a low-carbon and decarbonized society amid growing global environmental awareness, as well as fluctuations in crude oil prices, the full liberalization of retail electricity and city gas and intensifying sales competition following the Company's entry into the renewable energy business.」

「This business segment continues to operate in a challenging sales environment amid ongoing structural declines in demand for petroleum products.」

「In the petroleum-related business, amid a challenging sales environment in which structural declines in demand for petroleum products continued, we worked to develop new customers and deepen existing relationships. We also began handling SUSTEO, a next-generation biodiesel fuel made from biomass feedstocks that do not compete with food production or cause deforestation, in response to demand for CO2 reductions. As a result, revenue was ¥189.860 billion, up 0.0% year on year, while operating profit was ¥2.848 billion, down 14.1%.」

「As a result, revenue was ¥116.095 billion, up 0.0% year on year, while operating profit was ¥1.954 billion, down 28.0%.」

「In the petroleum business, structural declines in demand for petroleum products have continued amid challenging sales conditions. The Company has pursued new customer development and efforts to deepen existing relationships, and began handling SUSTEO, a next-generation biodiesel fuel made from biomass feedstocks that do not compete with food production or cause deforestation, in response to demand for CO2 reduction. As a result, revenue was ¥60.115 billion, down 2.1% year on year, while operating profit was ¥974 million, down 12.5% year on year.」

「The operating environment for the KAMEI CORPORATION Group's core energy business is expected to become increasingly challenging due to changes in the business environment as the energy shift accelerates with the transition toward a low-carbon and decarbonized society amid growing global environmental awareness, as well as fluctuations in crude oil prices, the full liberalization of retail electricity and city gas and intensifying sales competition following the Company's entry into the renewable energy business.」

「Sales to corporate customers requiring industrial fuels and other products were conducted in a difficult environment of rising petroleum product prices and structural declines in demand for petroleum products, but we strongly pursued new customer acquisition, development of existing customers and consultative sales of various products.」

「Sales to corporate customers requiring industrial fuels and other products were conducted in a difficult environment of rising petroleum product prices and structural declines in demand for petroleum products, but we strongly pursued new customer acquisition, development of existing customers and consultative sales of various products.」

「As a result, revenue was ¥166.034 billion, up 33.5% year on year, while operating profit was ¥2.252 billion, down 30.5% year on year, due mainly to lower margins resulting from intensifying sales competition for petroleum products.」

「As a result, revenue was ¥94.636 billion, up 31.3% year on year, while operating profit was ¥1.336 billion, down 39.7% year on year, due mainly to lower margins resulting from intensifying sales competition for petroleum products.」

「Sales to corporate customers requiring industrial fuels and other products were conducted in a difficult environment of rising petroleum product prices and declining demand for petroleum products, but we strongly pursued new customer acquisition, development of existing customers and consultative sales of various products.」

「The operating environment for the KAMEI CORPORATION Group's core energy business is expected to become increasingly challenging due to fluctuations in crude oil prices, changes in the domestic energy demand structure and intensifying sales competition following the full liberalization of retail electricity and city gas and the Company's entry into the renewable energy business.」

「Sales to corporate customers, including sales of other industrial fuels, faced challenging conditions as demand for petroleum products declined due to restrictions on economic activity.」

「Sales to corporate customers, including sales of other industrial fuels, faced challenging conditions as demand for petroleum products declined due to restrictions on economic activity.」

「Sales at service stations were adversely affected as demand declined following requests to refrain from going out. Although the Company shortened operating hours and implemented measures to prevent the spread of infection, including regular disinfection of facilities, handwashing by employees and mask-wearing, and sought to maintain service provision, conditions remained challenging.」

「In the energy industry, structural declines in domestic demand for petroleum products have continued amid uncertainty over the outlook for crude oil prices. In addition, customer acquisition competition across traditional industry boundaries has intensified further following the full liberalization of retail electricity and city gas.」

「In the energy industry, structural declines in domestic demand for petroleum products have continued amid uncertainty over the outlook for crude oil prices. In addition, customer acquisition competition across traditional industry boundaries has intensified further following the full liberalization of retail electricity and city gas.」

「In the energy industry, structural declines in domestic demand for petroleum products have continued amid uncertainty over the outlook for crude oil prices. In addition, customer acquisition competition across traditional industry boundaries has intensified further following the full liberalization of retail electricity and city gas.」

「The operating environment for the KAMEI CORPORATION Group's core energy business is expected to become increasingly challenging due to fluctuations in crude oil prices, changes in the domestic energy demand structure, the impact of the restructuring of oil refiners on the petroleum distribution industry and intensifying sales competition following the full liberalization of retail electricity and city gas.」

「In the energy industry, structural declines in domestic demand for petroleum products have continued amid uncertainty over the outlook for crude oil prices. In addition, customer acquisition competition across traditional industry boundaries has intensified further following the full liberalization of retail electricity and city gas.」

「In the energy industry, structural declines in domestic demand for petroleum products have continued amid uncertainty over the outlook for crude oil prices. In addition, customer acquisition competition across traditional industry boundaries has intensified further following the full liberalization of retail electricity and city gas.」

「In the energy industry, structural declines in domestic demand for petroleum products have continued amid uncertainty over the outlook for crude oil prices. In addition, customer acquisition competition across traditional industry boundaries has intensified further following the full liberalization of retail electricity and city gas.」

「In the energy industry, structural declines in domestic demand for petroleum products have continued amid uncertainty over the outlook for crude oil prices. In addition, customer acquisition competition across traditional industry boundaries has intensified further following the full liberalization of retail electricity and city gas.」

「In the energy industry, structural declines in domestic demand for petroleum products have continued amid uncertainty over the outlook for crude oil prices. In addition, intense competition across traditional industry boundaries has accelerated following the full liberalization of retail electricity and city gas, further intensifying customer acquisition competition.」

「In the core energy business, intense competition across traditional industry boundaries began following the full liberalization of retail electricity in April 2016, amid the decline in demand for domestic petroleum products and uncertainty over the outlook for crude oil prices. Competition is expected to accelerate further following the full liberalization of retail city gas in April 2017. The impact of the consolidation of domestic oil refiners on the petroleum distribution industry is also anticipated.」

「In the energy industry, structural declines in domestic demand for petroleum products have continued amid uncertainty over the outlook for crude oil prices. In addition, customer acquisition competition has intensified further through business alliances that cross industry boundaries following the full liberalization of retail electricity in April 2016.」

「In the energy industry, structural declines in domestic demand for petroleum products have continued amid uncertainty over the outlook for crude oil prices. In addition, customer acquisition competition has intensified further through business alliances that cross industry boundaries following the full liberalization of retail electricity in April of this year.」

「In the energy industry, structural declines in domestic demand for petroleum products have continued amid uncertainty over the outlook for crude oil prices. In addition, customer acquisition competition has intensified further since the full liberalization of retail electricity in April of this year, as companies have formed business alliances with companies from other industries that cross traditional industry boundaries.」

「The operating environment is expected to become increasingly challenging due to fluctuations in crude oil prices, changes in the domestic energy demand structure and intensifying sales competition following the full liberalization of retail electricity and city gas.」