LP Gas Business: Upfront Investment in Workforce Expansion and New Customer Acquisition
First written in FY2017-Q1. 8 of 14 entries say "Restated". Latest entry: 2026-04-27.
The whole theme swung hardest in 2026: 4 of 19 companies on the "Worse" side.
0 other companies' latest entry also says "Mitigated".
- 2026-04-27MitigatedEarnings
「Operating profit rose 16.6% year on year to ¥420 million, a record high, as improvements in the cost structure were achieved.」
In the Energy-related Business, improvements in the cost structure lifted operating profit to a record high, easing the previous pressure from upfront investments and other factors. - FY2026-H1MitigatedAnnual report
「As a result, total revenue rose 0.4% year on year to ¥3,295 million, while operating profit rose 172.1% to ¥83 million because the year-earlier period included one-time expenses related to acquiring new customers.」
Operating profit in the energy-related business increased due to the absence of the one-time expenses related to acquiring new customers in the year-earlier period. - FY2025-H1RestatedAnnual report
「Meanwhile, operating profit fell 52.9% year on year to ¥30 million, as the company made upfront investments related to acquiring new consumer-use LPG customers.」
Upfront investments to acquire new LPG customers continued, putting downward pressure on operating profit in the energy-related business. - FY2022-Q2RestatedAnnual report
「Meanwhile, operating profit fell 97.8% year on year to ¥1 million, as the company was unable to fully pass higher costs through to selling prices and expenses associated with strengthening the workforce and other costs increased.」
Higher expenses associated with strengthening the workforce and other costs were again cited as factors putting downward pressure on profit in the energy-related business. - FY2022-Q1AdvancedAnnual report
「Sales volumes exceeded the year-earlier period due to growth in new customer acquisitions, as well as increased unit consumption by commercial customers and apartment buildings.」
In LPG, new customer acquisitions grew, and higher unit consumption by commercial customers and apartment buildings also contributed, bringing sales volumes above the year-earlier period. Meanwhile, expenses associated with strengthening the workforce and other costs increased. - FY2021RestatedAnnual report
「As a result, total revenue fell 8.7% from the previous period to ¥5,352 million, due to lower selling prices for petroleum products. Operating profit fell 8.4% to ¥231 million, despite an increase in gross profit in consumer-use LPG, because expenses increased for upfront investments to acquire new customers and the introduction of smart meters to improve operating efficiency, among other factors.」
Upfront investments to acquire new LPG customers continued, while investments to improve operating efficiency, including the introduction of smart meters, also increased expenses. - FY2020-Q1Re-emergenceAnnual report
「Meanwhile, operating profit fell 17.1% year on year to ¥70 million, as the company made upfront investments in expenses related to acquiring new LPG customers.」
The upfront investment to acquire new LPG customers, which was not directly mentioned in the previous quarter, was cited again and became a factor behind the decline in operating profit. - FY2019-Q1DroppedAnnual reportThe business performance for the current quarter contains no direct reference to strengthening the LPG business workforce or making upfront investments to acquire new customers.
- FY2018-Q3RestatedAnnual report
「Operating profit fell 16.1% year on year to ¥136 million, due to deteriorating profit margins on industrial fuel, as well as higher depreciation of the new in-house gas system and higher personnel expenses associated with the increase in personnel, among other factors.」
Higher depreciation of the new in-house gas system and personnel expenses associated with the increase in personnel continue to put downward pressure on profit. - FY2018-Q2RestatedAnnual report
「Operating profit fell 13.1% year on year to ¥81 million, due to higher depreciation of the new in-house gas system, which began full-scale operation in October last year, and higher personnel expenses associated with the increase in personnel, among other factors.」
Depreciation of the new in-house gas system and personnel expenses associated with the increase in personnel continue to put downward pressure on profit in the energy-related business. - FY2018-Q1RestatedAnnual report
「Meanwhile, operating profit fell 1.5% year on year to ¥88 million, due to higher personnel expenses associated with workforce expansion and higher depreciation of the new in-house gas system, which began full-scale operation in October last year.」
Higher personnel expenses associated with strengthening the LPG business workforce continue, while increased depreciation of the new in-house gas system is also putting downward pressure on profit. - FY2017-Q3RestatedAnnual report
「Operating profit fell 15.3% year on year to ¥162 million, despite an improvement in profit margins per unit, due to higher upfront investment expenses to acquire new customers in the consumer-use LPG division.」
Expenses for upfront investments to acquire new LPG customers continue to rise, putting downward pressure on operating profit. - FY2017-Q2RestatedAnnual report
「Operating profit fell 16.1% year on year to ¥94 million, due to higher upfront investment expenses to acquire new customers in the consumer-use LPG division.」
Expenses for upfront investments to acquire new LPG customers continue to rise, putting downward pressure on profit. - FY2017-Q1First statedAnnual report
「Higher expenses associated with increasing personnel in the consumer-use gas division and making upfront investments to acquire new customers」
The company is increasing personnel in the consumer-use gas division and making upfront investments to acquire new customers. The resulting increase in expenses is cited as a factor behind the decline in operating profit.