Declining Demand for Petroleum Products Due to Energy Conservation and Diversifying Customer Needs
First written in FY2017-Q1. 20 of 32 entries say "Restated". Latest entry: 2026-08-06.
The whole theme swung hardest in 2020: 4 of 7 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- 2026-08-06RestatedEarnings
「Net sales decreased 6.1% year on year to ¥144.578 billion, mainly due to a decline in sales volumes of petroleum products.」
The quarterly results show that the decline in sales volumes of petroleum products is continuing. - FY2026RestatedAnnual report
「In the petroleum-related business, gasoline sales volumes remained relatively firm, but sales volumes of kerosene, diesel fuel and heavy fuel oil continued to decline, leaving total petroleum product sales below the previous fiscal year.」
Aviation fuel demand remained strong, but declining sales of kerosene, diesel fuel and heavy fuel oil meant that the downward trend in overall demand and sales volumes of petroleum products continued. - 2026-05-14WorsenedRevision of earnings forecasts
「Consolidated net sales for the fiscal year decreased 6.5% year on year to ¥611.570 billion, mainly due to a decline in sales volumes of petroleum products.」
The decline in sales volumes of petroleum products is identified as the cause of the full-year decrease in net sales, showing the impact of the demand decline theme on actual results. There is no statement that structural demand declines have been resolved. - FY2026-H1MitigatedAnnual report
「Demand for aviation fuel remained firm, with the number of inbound visitors reaching record highs in each month from the previous year. In the petroleum-related business, sales volumes of petroleum products remained at approximately the same level as in the previous corresponding period.」
Firm aviation fuel demand continued, and sales volumes of petroleum products in the petroleum-related business were broadly unchanged year on year. This represents partial easing of near-term demand weakness rather than resolution of the structural decline caused by energy conservation and other factors. - FY2025RestatedAnnual report
「In the business environment surrounding the Group, demand for aviation fuel remained strong due to increased inbound travel and domestic tourism following the end of the pandemic, but overall demand for petroleum products continued to decline, partly because consumers remained focused on saving money.」
Demand for aviation fuel remained strong, while the overall decline in demand for petroleum products continued through the full year due to consumers' cost-consciousness. - FY2025-H1WorsenedAnnual report
「Although inbound demand supported aviation fuel demand, overall demand for petroleum products continued to trend downward due to reduced use of private cars and improvements in vehicle fuel efficiency.」
Aviation fuel demand remained firm, while the overall downward trend in demand for petroleum products continued, with reduced use of private cars added as a factor. - FY2024-Q3MitigatedAnnual report
「During the nine months ended the third quarter, demand for aviation fuel and other products remained strong, supported by leisure demand and an increase in inbound visitors.」
Demand for aviation fuel and other products, which had previously been depressed, remained strong due to leisure demand and the increase in inbound visitors. Recovery in aviation-related demand continued. - FY2024-Q2MitigatedAnnual report
「At Haneda Airport, domestic aviation demand remained broadly at the same level as fiscal 2019, while international demand increased sharply due to the rise in inbound visitors. As a result, combined domestic- and international-line fuel-handling volumes were approximately 15% above fiscal 2019 levels.」
The downturn in aviation fuel demand caused by COVID-19 eased further. Domestic demand was broadly at fiscal 2019 levels, and combined domestic- and international-line fuel-handling volumes were approximately 15% above fiscal 2019 levels. - FY2024-Q1MitigatedAnnual report
「The business environment surrounding the Group remained uncertain. Demand for petroleum products, particularly in aviation-related businesses, began to recover following the reclassification of COVID-19 as a Class 5 disease, but concerns remained over weaker consumer sentiment caused by higher prices.」
Demand for petroleum products, particularly in aviation-related businesses, began to recover following the reclassification of COVID-19 as a Class 5 disease. Aviation-related revenue also rose 68.4% year on year, indicating a further easing of the demand weakness caused by the pandemic. - FY2023-Q3MitigatedAnnual report
「As the movement of people recovered, demand for petroleum products, particularly aviation fuel, showed some recovery, and inbound demand is expected to increase further as border controls are eased.」
Reports some recovery in demand for petroleum products, particularly aviation fuel, as the movement of people recovered. Inbound demand is also expected to increase as border controls are eased, further easing the downturn in aviation demand caused by COVID-19. - FY2023-Q2MitigatedAnnual report
「At Haneda Airport, domestic-line fuel-handling volumes recovered to just under 90% of fiscal 2019 levels as measures to prevent the spread of infection were eased. International-line volumes recovered more slowly, reaching just under 50% of fiscal 2019 levels. Combined domestic- and international-line fuel-handling volumes therefore recovered to just over 60% of fiscal 2019 levels.」
The easing of restrictions on movement and border controls led to a recovery in previously depressed aviation fuel demand. Domestic-line volumes recovered to just under 90% of fiscal 2019 levels, international-line volumes to just under 50%, and the combined total to just over 60%. This does not indicate that the structural decline in demand for petroleum products due to energy conservation and other factors has been resolved. - FY2023-Q1MitigatedAnnual report
「Revenue from the aviation-related business rose 34.9% year on year to ¥2,669 million as domestic fuel-handling volumes at Haneda Airport continued to recover. Segment profit was ¥337 million, compared with a segment loss of ¥87 million in the previous corresponding period.」
Fuel-handling volumes that had been depressed by COVID-19 began to recover, and the aviation-related business moved from a loss in the previous corresponding period to a profit. This does not indicate that the structural decline in overall demand for petroleum products has been resolved. - FY2022-Q3RestatedAnnual report
「During the nine months ended the third quarter, the business environment surrounding the Group remained challenging. Demand for petroleum products declined as energy conservation progressed, including improvements in vehicle fuel efficiency, while demand for aviation fuel remained depressed due to COVID-19.」
The decline in demand for petroleum products due to improved vehicle fuel efficiency and the depressed demand for aviation fuel caused by COVID-19 continued to be reported. - FY2021RestatedAnnual report
「In the energy industry surrounding the Group, demand for petroleum products overall declined under the impact of COVID-19, with demand for aviation fuel falling sharply, and the challenging operating environment continued.」
The annual results again confirmed the decline in overall demand for petroleum products, particularly aviation fuel, and the challenging operating environment caused by COVID-19. - FY2021-Q3RestatedAnnual report
「In the energy industry surrounding the Group during the nine months ended the third quarter, demand for petroleum products overall declined under the impact of COVID-19, with demand for aviation fuel falling sharply, and the challenging operating environment continued.」
The sharp decline in demand for aviation fuel and the challenging operating environment caused by COVID-19 continued. - FY2021-Q2RestatedAnnual report
「In the energy industry surrounding the Group, demand for petroleum products overall declined under the impact of COVID-19, with demand for aviation fuel falling sharply, and the challenging operating environment continued.」
The decline in overall demand for petroleum products, particularly aviation fuel, due to COVID-19 continued to be reported. - FY2021-Q1MaterialisedAnnual report
「In the energy industry surrounding the Group, demand for petroleum products overall declined under the impact of COVID-19, with demand for aviation fuel falling sharply, and the challenging operating environment continued.」
States that demand for petroleum products actually declined due to COVID-19, particularly demand for aviation fuel, which fell sharply. - FY2020-Q3RestatedAnnual report
「In the energy industry surrounding the Group during the nine months ended the third quarter, demand for petroleum products remained on a downward trend, while the operating environment changed significantly under the influence of restructuring among petroleum marketers and the liberalization of electricity and city gas retailing.」
The decline in demand for petroleum products continued. - FY2020-Q2RestatedAnnual report
「In the energy industry surrounding the Group, demand for petroleum products continued to trend downward, while the operating environment changed significantly under the influence of restructuring among petroleum marketers and the liberalization of electricity and city gas retailing.」
The continuing downward trend in demand for petroleum products and changes in the energy industry environment were reported again. - FY2020-Q1RestatedAnnual report
「In the energy industry surrounding the Group, demand for petroleum products continued to trend downward, while the operating environment changed significantly under the influence of restructuring among petroleum marketers and other factors.」
The continuing downward trend in demand for petroleum products was reported again. - FY2019RestatedAnnual report
「In the energy industry surrounding the Group, demand for petroleum products continued to trend downward as restructuring among petroleum marketers progressed, resulting in significant changes in the operating environment.」
The continuing downward trend in demand for petroleum products was reported again. - FY2019-Q3RestatedAnnual report
「In the energy industry surrounding the Group, demand for petroleum products continued to decline, while supply and demand adjustments progressed following the restructuring of petroleum marketers and competition among energy companies intensified, together with increased entry by companies from other industries following the liberalization of electricity and city gas retailing. The operating environment has changed significantly.」
The continuing downward trend in demand for petroleum products was reported again. Changes in the competitive environment, including increased entry by companies from other industries, are addressed in a separate thread. - FY2019-Q2RestatedAnnual report
「In the energy industry surrounding the Group, demand for petroleum products continued to decline, while supply and demand adjustments progressed following the restructuring of petroleum marketers and competition among energy companies intensified, together with increased entry by companies from other industries following the liberalization of electricity and city gas retailing. The operating environment has changed significantly.」
The downward trend in demand for petroleum products continued to be reported. - FY2019-Q1RestatedAnnual report
「In the energy industry surrounding the Group, demand for petroleum products remained on a downward trend, while restructuring among petroleum marketers progressed and retail sales of electricity and city gas were fully liberalized, resulting in significant changes in the operating environment.」
The continuing downward trend in demand for petroleum products was reported again. - FY2018RestatedAnnual report
「In the energy industry surrounding the Group, demand for petroleum products remained on a downward trend,」
The downward trend in demand for petroleum products continued. The spread of fuel-efficient vehicles and other factors were also cited as drivers of declining demand. - FY2018-Q3RestatedAnnual report
「In the energy industry surrounding the Group during the nine months ended the third quarter, demand for petroleum products was on a gradual downward trend due to progress in energy conservation and other factors.」
The gradual decline in demand for petroleum products due to progress in energy conservation and other factors continued to be reported. - FY2018-Q2RestatedAnnual report
「In the energy industry surrounding the Group, demand for petroleum products was on a gradual downward trend due to progress in energy conservation and other factors.」
The gradual decline in demand for petroleum products due to progress in energy conservation continued to be reported. - FY2018-Q1RestatedAnnual report
「The energy industry surrounding the Group continued to see a gradual decline in demand for petroleum products, driven by progress in energy conservation and other factors.」
The gradual decline in demand for petroleum products due to energy conservation and other factors continued. - FY2017RestatedAnnual report
「In the energy industry surrounding the Group, demand for petroleum products continued to trend downward due to energy conservation and diversifying customer needs, while restructuring among petroleum marketers progressed and electricity retailing was fully liberalized in April of the previous year.」
The decline in demand for petroleum products due to energy conservation and diversifying customer needs continues to be reported. Annual net sales declined 12.2% year on year due to lower sales volumes and selling prices, but this is treated as continuation of the risk rather than a new deterioration in demand. - FY2017-Q3WorsenedAnnual report
「In the energy industry surrounding the Group, demand for petroleum products continued to trend downward due to energy conservation and diversifying customer needs, leaving the operating environment challenging. As a result, consolidated net sales for the nine months ended the third quarter declined 19.0% year on year to ¥473,785 million, mainly because of lower sales volumes and selling prices for petroleum products, although」
In addition to the downward trend in demand for petroleum products, lower sales volumes and selling prices translated into a 19.0% year-on-year decline in net sales, confirming an impact on business performance. - FY2017-Q2RestatedAnnual report
「As demand for petroleum products continued to decline due to energy conservation and diversifying customer needs, the operating environment remained challenging.」
The decline in demand for petroleum products and the challenging operating environment continued. - FY2017-Q1First statedAnnual report
「The energy industry continued to face a challenging operating environment, including declining demand for petroleum products due to energy conservation and diversifying customer needs.」
Describes a challenging operating environment in which demand for petroleum products continues to decline. The quarter also references lower sales volumes, indicating an impact on business performance.