Soaring Electricity Costs
First written in FY2017. 4 of 7 entries say "Materialised", first in FY2023-Q1. Latest entry: FY2024-Q1.
Life moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 7 of 11 companies on the "Worse" side.
1 other company's latest entry also says "Materialised".
- FY2024-Q1MaterialisedAnnual report
「Meanwhile, SG&A expenses increased due to soaring utilities costs and higher property-related expenses, including rent associated with new store openings, as well as higher personnel expenses resulting from stepped-up hiring」
States that soaring utilities costs actually contributed to higher SG&A expenses in the first quarter, together with property-related expenses associated with new store openings and personnel expenses resulting from stepped-up hiring. - FY2023MaterialisedAnnual report
「The Group consumes large amounts of electricity and fuel in operating each of its business locations. If prices rise, this may increase expenses and affect its operating results and financial condition.」
Explicitly identifies soaring electricity and fuel costs as risks and states that utilities costs increased from ¥8,585 million in the previous fiscal year to ¥12,699 million in the current fiscal year. - FY2023-Q3MaterialisedAnnual report
「As a result of opening new stores, expanding its online supermarket business, strengthening private-label products such as “BIO-RAL (ビオラル)” and implementing product initiatives focused on taste, the Group's operating revenue amounted to ¥568.681 billion. Meanwhile, SG&A expenses increased due to soaring utilities costs and higher property-related expenses, including rent associated with new store openings, as well as higher personnel expenses resulting from stepped-up hiring」
States that soaring utilities costs actually contributed to higher SG&A expenses, together with property-related expenses associated with new store openings and personnel expenses resulting from stepped-up hiring. - FY2023-Q2WorsenedAnnual report
「Meanwhile, SG&A expenses increased due to soaring utility costs and higher property-related expenses, including rent associated with new store openings, as well as higher personnel expenses resulting from stepped-up hiring」
States that soaring utility costs continued to contribute to higher SG&A expenses, and that the Company was required to respond to surging electricity prices and tight electricity supply. - FY2023-Q1MaterialisedAnnual report
「Meanwhile, SG&A expenses increased due to soaring utilities costs and higher property-related expenses, as well as higher rent associated with new store openings and higher personnel expenses resulting from stepped-up hiring」
States that soaring utilities costs actually contributed to the increase in SG&A expenses during the quarter, together with property-related expenses and costs associated with new store openings and stepped-up hiring. - FY2022Detailed the environmental and energy factors.Annual report
「Increases in energy costs for stores may occur.」
In connection with the risk of soaring electricity prices, identifies higher store energy costs resulting from climate change as a specific risk. - FY2017First statedAnnual report
「However, if electricity costs rise unexpectedly due to higher crude oil prices or other factors, the extent of the increase could affect the Group's business performance and financial condition.」
Identifies unexpected increases in electricity costs driven by higher crude oil prices or other factors as a risk.