Profit Decline Due to Higher LP Gas Procurement Costs
First written in FY2019-Q1. 4 of 8 entries say "Restated". Latest entry: FY2023-Q1.
The whole theme swung hardest in 2022: 122 of 167 companies on the "Worse" side.
- FY2023-Q1RestatedAnnual report
「As a result, overall revenue increased 24.3% year on year to ¥1.737 billion. Operating profit, however, fell 43.5% year on year to ¥29 million because increases in procurement prices could not be fully reflected in selling prices.」
Insufficient pass-through of higher procurement prices into selling prices continued to be a factor behind the decline in profit, and operating profit fell 43.5% year on year. - FY2022-Q3RestatedAnnual report
「Operating profit fell 76.2% year on year to ¥25 million, as cost increases could not be fully reflected in selling prices and costs associated with strengthening the workforce and other expenses increased.」
Insufficient pass-through of higher costs into prices and continued increases in workforce-related and other expenses remained factors behind the decline in profit, and operating profit fell 76.2% year on year. - FY2022-Q2WorsenedAnnual 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.」
Operating profit in the energy-related business fell 97.8% year on year to ¥1 million because cost increases could not be fully passed on to selling prices and costs associated with strengthening the workforce and other expenses increased. - FY2022-Q1WorsenedAnnual report
「As a result, overall revenue increased 22.7% year on year to ¥1.397 billion. Operating profit, however, fell 51.9% year on year to ¥52 million, as cost increases could not be fully reflected in selling prices and costs associated with strengthening the workforce and other expenses increased.」
Operating profit in the energy-related business fell 51.9% year on year because cost increases could not be fully passed on to selling prices and costs associated with strengthening the workforce and other expenses increased. - FY2020-Q1DroppedAnnual reportThe current quarter's discussion of factors behind the decline in profit in the energy-related business contains no direct mention of higher LP gas procurement costs.
- FY2019-Q3RestatedAnnual report
「Operating profit fell 29.3% year on year to ¥96 million due to higher costs and lower sales volume for residential LP gas.」
Higher costs for residential LP gas, together with lower sales volume, became factors behind the decline in profit, and operating profit in the energy-related business fell 29.3% year on year. - FY2019-Q2RestatedAnnual report
「Operating profit fell 34.7% year on year to ¥53 million, due to higher LP gas procurement prices in addition to deteriorating margins on industrial fuels amid intensifying competition.」
Higher LP gas procurement prices have continued to push down operating profit in the energy-related business. - FY2019-Q1First statedAnnual report
「Operating profit fell 4.0% year on year to ¥85 million, due to higher LP gas procurement costs in addition to deteriorating margins on industrial fuels amid intensifying competition.」
Higher LP gas procurement costs actually occurred and pushed down operating profit in the energy-related business.