Risk of energy demand fluctuations due to extreme weather
First written in FY2017. 14 of 15 entries say "Materialised", first in FY2019-Q3. Latest entry: FY2026-H1.
Itochu Enex moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
The whole theme swung hardest in 2019: 6 of 13 companies on the "Worse" side.
4 other companies' latest entry also says "Materialised".
- FY2026-H1MaterialisedAnnual report
「[LP Gas Business] The number of direct-sale customer households declined by approximately 2 thousand from the end of the previous fiscal year to approximately 573 thousand. LP gas sales volumes were slightly below the same period of the previous year.」
LPG sales volume was slightly below the same period of the previous year, indicating that demand volatility risk has materialised in actual results. - FY2024MaterialisedAnnual report
「[LPG business] The number of direct-sale customers was approximately 574,000 households, an increase of approximately 9,000 from the end of the previous fiscal year, due to the acquisition of new customers and the promotion of acquisitions of operating rights. LPG sales volume fell below the previous fiscal year due to the mild winter.」
Demand volatility caused by the mild winter appeared in full-year performance as a year-on-year decline in LPG sales volume. - FY2024-Q3MaterialisedAnnual report
「LPG sales volume fell below the same period of the previous year, partly due to average temperatures being higher than in the same period of the previous year.」
Higher average temperatures have continued to appear in actual results as a year-on-year decline in LPG sales volume. - FY2024-Q2MaterialisedAnnual report
「LPG sales volume fell below the same period of the previous year, partly due to average temperatures being higher than in the same period of the previous year.」
Demand volatility risk caused by temperature fluctuations has materialised as a year-on-year decline in LPG sales volume accompanying higher average temperatures. - FY2024-Q1MaterialisedAnnual report
「LPG sales volume was slightly below the same period of the previous year, partly because average temperatures were higher than in the same period of the previous year.」
Higher average temperatures have continued to materialise as a year-on-year decline in LPG sales volume. - FY2023MaterialisedAnnual report
「LPG sales volume fell below the same period of the previous year because average temperatures during the demand season were higher than in the previous period and high prices prompted customers to economise.」
Higher temperatures and the tendency to economise prompted by high prices have appeared in full-year performance as a year-on-year decline in LPG sales volume. - FY2023-Q3MaterialisedAnnual report
「LPG sales volume fell below the same period of the previous year because average temperatures were higher than in the same period of the previous year and high prices prompted customers to economise.」
Higher average temperatures and the tendency to economise prompted by high prices have materialised as a year-on-year decline in LPG sales volume. - FY2022MaterialisedAnnual report
「However, because average temperatures this winter were lower than in the previous period, heat demand in the second half exceeded the previous period, while full-year heat demand was slightly below the previous period.」
The risk of thermal energy demand volatility caused by temperature fluctuations has materialised as seasonal demand fluctuations and a slight year-on-year decline in full-year thermal energy demand. - FY2022-Q2MaterialisedAnnual report
「In the heat supply business, heat demand fell below the previous year because average temperatures this summer were substantially lower than the previous year.」
The extreme weather and temperature fluctuation risk associated with lower temperatures actually emerged as a year-on-year decline in thermal energy demand. - FY2022-Q1MaterialisedAnnual report
「In the heat supply business, as in the previous year, tenants at heat supply customers' facilities shortened their business hours and employees worked from home due to the impact of states of emergency declared amid the spread of COVID-19, resulting in heat demand being roughly unchanged from the previous year.」
Reduced tenant operating hours and continued work-from-home arrangements associated with infectious diseases have had an actual impact on thermal energy demand. - FY2020-Q3MaterialisedAnnual report
「Sales volume of petroleum products fell below the same period of the previous year due to a decline in the number of service stations, improved vehicle fuel efficiency, the mild winter, and a decrease in supply and demand transactions, among other factors.」
Demand volatility factors, including the mild winter and improved vehicle fuel efficiency, have actually emerged as a year-on-year decline in petroleum product sales volume. - FY2020-Q2MaterialisedAnnual report
「In the heat supply business, both heat demand and earnings fell below the previous year because temperatures remained lower than in the previous year.」
It states that lower temperatures had an actual impact in the form of lower thermal energy demand and profit and loss year on year. - FY2020-Q1MaterialisedAnnual report
「In the thermal energy supply business, both thermal energy demand and profit and loss fell below the same period of the previous year, partly because temperatures did not rise.」
The energy demand volatility risk associated with extreme weather and temperature fluctuations has actually emerged, with lower temperatures putting downward pressure on thermal energy demand and profit and loss. - FY2019-Q3MaterialisedAnnual report
「Although sales volume fell below the same period of the previous year due to natural disasters and a mild winter, a certain profit margin was maintained.」
It states that natural disasters and the mild winter had an actual impact in the form of lower LPG sales volume. - FY2017First statedAnnual report
「Consumption of kerosene, heavy oil, LPG, electricity for heating and cooling, and thermal energy supplies such as chilled and hot water, which are the main sources of energy for winter heating, is closely related to climate change. Extreme weather may therefore affect the operating performance of the Group.」
This indicates that demand for kerosene, heavy oil, LPG, electricity and thermal energy supplies may be affected by climate change and extreme weather.