Profit pressure from gondola construction delays and higher energy-related costs
First written in FY2018-Q1. 19 of 23 entries say "Materialised", first in FY2018-Q2. Latest entry: FY2025.
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- FY2025MaterialisedAnnual report
「The factors behind the decline included intensified price competition in the gas station business and lower sales volumes due to intensifying competition in the fuel wholesale and gasket businesses.」
Intensifying competition and declining sales volumes in the gas station, fuel wholesale and gasket businesses emerged as factors behind the decline in full-year profit. - FY2025-H1MaterialisedAnnual report
「The factors behind the decline included lower sales volumes due to intensifying competition in the fuel wholesale and gasket businesses, as well as intensified price competition in the gas station business.」
Intensifying competition and declining sales volumes in the fuel wholesale and gasket businesses emerged as factors behind the decline in profit for the interim consolidated accounting period. - FY2024MaterialisedAnnual report
「Factors behind the decline included lower sales in the animal feed business, higher costs in the cable TV business associated with converting the existing coaxial cable network to a fiber-optic cable network through FTTH (Fiber To The Home), and lower power generation volumes in the wind power business due to weak wind conditions, among other factors.」
FTTH conversion costs, lower animal feed sales, and lower power generation volumes due to weak wind conditions emerged as factors behind the decline in full-year profit. - FY2024-Q3MaterialisedAnnual report
「Factors behind the decline included lower sales in the animal feed business, higher costs in the cable TV business associated with converting the existing coaxial cable network to a fiber-optic cable network through FTTH (Fiber To The Home), and lower power generation volumes in the wind power business due to weak wind conditions, among other factors.」
Higher costs associated with FTTH conversion and lower power generation volumes due to weak wind conditions continued to emerge as factors behind the decline in profit for the cumulative third-quarter period. - FY2024-Q2MaterialisedAnnual report
「Factors behind the decline included lower sales in the animal feed business, higher costs in the cable TV business associated with converting the existing coaxial cable network to a fiber-optic cable network through FTTH (Fiber To The Home), and lower power generation volumes in the wind power business due to weak wind conditions, among other factors.」
Higher costs associated with FTTH conversion and lower power generation volumes due to weak wind conditions emerged as factors behind the decline in profit for the cumulative second-quarter period. - FY2024-Q1MaterialisedAnnual report
「Costs increased in the cable TV business as the existing coaxial cable network was converted to a fiber-optic cable network through FTTH (Fiber To The Home), while in the service station business, increases in selling prices failed to keep pace with rising procurement costs, among other factors.」
Higher costs associated with FTTH conversion and the failure of selling prices in the service station business to keep pace with rising procurement costs emerged as factors putting pressure on profit in the first quarter. - FY2023MaterialisedAnnual report
「Profit declined due to the failure to pass higher procurement costs through to prices in the service station business, among other factors.」
The failure to make as much progress as in the previous period in passing higher costs through to prices emerged during the full year as a factor behind the decline in profit in the service station business. - FY2023-Q2MitigatedAnnual report
「Positive effects included continued strong performance in the gondola business, greater progress than in the previous period in passing higher petroleum product prices through to prices, strong construction materials sales, and higher profit in the overseas business due to foreign exchange effects. As a result, operating profit increased.」
Greater progress than in the previous period in passing higher petroleum product prices through to prices reduced the profit pressure from the previously reported difficulty of passing through higher costs during the cumulative second-quarter period. - FY2023-Q1MitigatedAnnual report
「By contrast, profit increased due to positive effects including strong construction materials sales, greater progress than in the previous period in passing higher petroleum product prices through to prices, continued strong performance in the gondola business, and strong sales in the spices business.」
Greater progress than in the previous period in passing higher petroleum product prices through to prices reduced the profit pressure from the previously reported difficulty of passing through higher costs during the quarter. - FY2022MaterialisedAnnual report
「Factors behind the decline included the difficulty of passing higher costs through to prices in the energy business as petroleum product prices rose, the end of demand for Hokuriku Shinkansen construction work, the absence this period of the special demand from GIGA School, which ended during the previous period, and higher depreciation costs in the wind power business following the recognition of asset retirement obligations associated with the removal of wind turbines after the end of the FIT period.」
The difficulty of passing higher costs through to prices, the end of construction demand, the end of special demand from GIGA School, and higher depreciation costs in the wind power business have emerged as negative factors affecting full-year profit. - FY2022-Q3MaterialisedAnnual report
「Factors behind the decline included the difficulty of passing higher costs through to prices in the energy business as petroleum product prices rose, the end of demand for Hokuriku Shinkansen construction work, higher depreciation costs in the wind power business following the recognition of asset retirement obligations, and lower new-vehicle sales in the car dealership business due to the semiconductor shortage.」
The difficulty of passing higher costs through to prices amid rising petroleum product prices, the end of demand for Hokuriku Shinkansen construction work, and higher depreciation costs in the wind power business, among other factors, continue to contribute to the decline in profit. - FY2022-Q2MaterialisedAnnual report
「By contrast, while the previous period was marked by declining petroleum product prices following a sharp fall in crude oil prices, petroleum product prices rose this period as crude oil prices increased, making it difficult to pass higher costs through to prices. In addition, demand for Hokuriku Shinkansen construction work ended, costs increased in the cable TV business as the existing coaxial cable network was converted to a fiber-optic cable network through FTTH (Fiber To The Home), and depreciation costs increased in the wind power business following the recognition of asset retirement obligations, resulting in negative effects on profit, among other factors.」
The difficulty of passing higher costs through to prices amid rising petroleum product prices, the end of demand for Hokuriku Shinkansen construction work, higher FTTH conversion costs, and higher depreciation costs in the wind power business continue to be negative factors affecting profit. - FY2022-Q1MaterialisedAnnual report
「On the other hand, profit was negatively affected by several factors, including the fact that passing on higher costs was easier last year as petroleum product prices were falling, whereas it was more difficult this fiscal year as petroleum product prices were rising; the completion of demand related to Hokuriku Shinkansen construction; higher costs associated with converting the existing coaxial cable network in the cable television business to a fiber-optic network through FTTH (Fiber To The Home); and higher depreciation expenses in the wind power business due to the recognition of asset retirement obligations.」
The difficulty of passing higher costs through to prices amid rising petroleum product prices, the end of construction demand, and higher FTTH conversion costs are specifically reflected as negative factors affecting profit. - FY2021-Q3MaterialisedAnnual report
「Although the spread of COVID-19 led to the postponement of renovation work on existing buildings and other projects in the gondola business, reducing demand, and the ODA trading business was temporarily suspended due to restrictions on overseas travel, among other effects,」
The postponement of renovation work on existing buildings and the resulting decline in gondola demand due to COVID-19 are specifically reflected as factors putting pressure on operating profit. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter of the fiscal year, there were no major risk events that management recognizes could have a material impact on the financial position, operating results or cash flows of the consolidated companies, among the matters concerning the business situation, accounting situation and other matters described in this quarterly report, and there were no material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company concluded that there had been no major risks or significant changes relating to profit pressure from delays in gondola construction and higher energy-related costs. - FY2020-Q3MaterialisedAnnual report
「Operating profit in the gondola business was strong, but operating profit declined because the ODA trading business and energy business remained difficult, while electricity sales volumes in the wind power business declined due to weak wind conditions and wind turbine failures, among other factors.」
Difficult conditions in the energy business and lower electricity sales volumes caused by weak wind conditions and wind turbine failures are specifically reflected as factors behind the decline in operating profit for the cumulative third-quarter period. - FY2020-Q1MaterialisedAnnual report
「Operating profit declined due to higher costs in the gondola business and lower electricity sales volumes in the wind power business, among other factors.」
Higher costs in the gondola business and lower electricity sales volumes in the wind power business are specifically reflected in the decline in operating profit in the corporate supply-related business. - FY2019-Q3MaterialisedAnnual report
「Operating profit was broadly in line with the previous period due to lower sales volumes in the car dealership business and difficult conditions in the energy-related division, among other factors.」
Difficult conditions in the energy-related division were also reflected in the third quarter as a factor limiting operating profit in the Living and Regional Services-related business. - FY2019-Q2MaterialisedAnnual report
「Operating profit declined due to lower sales volumes in the car dealership business and difficult conditions in the energy-related division, among other factors.」
Difficult conditions in the energy-related division are specifically reflected as a factor behind the decline in operating profit in the Living and Regional Services-related business in the second quarter. - FY2018MaterialisedAnnual report
「Operating profit in the gondola business increased, but overall operating profit declined due to intensified sales competition and higher costs in the construction materials and energy-related divisions, among other factors.」
Intensified competition and higher costs in the construction materials and energy-related divisions are specifically reflected in the full-year decline in operating profit in the corporate supply-related business. - FY2018-Q3MaterialisedAnnual report
「Operating income increased in the gondola business, but declined due to higher costs and lower commissions in the construction materials business and energy-related business, as well as the low level of power generation in the wind power generation business.」
Higher construction materials and energy-related costs, lower margins, and low wind power generation volumes were also reflected in the decline in operating profit in the corporate supply-related business in the third quarter. - FY2018-Q2MaterialisedAnnual report
「Operating profit in the gondola business increased, but overall operating profit declined due to higher costs in the construction materials and energy-related businesses, lower margins, and low power generation volumes in the wind power business, among other factors.」
Higher construction materials and energy-related costs, lower margins, and low wind power generation volumes are specifically reflected in the decline in operating profit in the corporate supply-related business. - FY2018-Q1First statedAnnual report
「Operating profit declined due to delays in construction work in the gondola business and higher costs in the energy-related business, among other factors.」
Delays in gondola construction and higher costs in the energy-related business are specifically cited as factors behind the decline in operating profit in the corporate supply-related business in the first quarter.