Medium- to long-term increases in fuel prices
First written in FY2016. 5 of 23 entries say "Materialised", first in FY2017. Latest entry: FY2026.
Zero moved to the "Worse" side of this theme in 2017, 4 years before the typical company in this theme (2021).
The whole theme swung hardest in 2020: 7 of 17 companies on the "Worse" side.
5 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Diesel: ¥153.4/L; regular gasoline: ¥168.6/L」
The national average price of diesel fell from ¥158.1/L to ¥153.4/L, while the price of regular gasoline fell from ¥178.4/L to ¥168.6/L, reducing the risk of higher fuel prices from the previous year. - FY2025Fuel price increases alongside appropriate pricingAnnual report
「The national average price of diesel rose from ¥155.7 to ¥158.1 per litre, while the price of regular gasoline rose from ¥176.0 to ¥178.4 per litre.」
Although fuel prices rose year on year, the overall cost of sales ratio fell from 87.4% to 85.3% as a result of efforts to optimise pricing and focus on gross profit. - FY2023-Q3The impact of continued fuel price increases offset by fuel surchargesAnnual report
「Segment profit was affected on the cost side by higher per-unit fuel costs and ocean freight fuel surcharges resulting from higher crude oil prices and the sharp depreciation of the yen. However, on the revenue side, the fuel surcharge system introduced from September 2022 offset the impact of surging fuel costs, while higher utilization rates and other factors resulted in higher profit.」
While higher crude oil prices and the weaker yen drove up per-unit fuel costs and ocean freight fuel surcharges, the fuel surcharge system introduced in September 2022 offset the impact of surging fuel costs, resulting in higher profit. - FY2023-Q2WorsenedAnnual report
「Segment profit was affected on the cost side by higher per-unit fuel costs and ocean freight fuel surcharges resulting from higher crude oil prices and the sharp depreciation of the yen. However, on the revenue side, the effects of introducing a fuel surcharge system from September 2022 and higher utilization rates exceeded the impact of surging fuel costs, resulting in higher profit.」
The diesel price rose from ¥142.1/L in the same period of the previous year to ¥149.4/L, and the regular gasoline price rose from ¥162.2/L to ¥169.3/L. Although the impact of surging fuel costs continued, the effects of the fuel surcharge system and higher utilization rates prevailed, resulting in higher profit. - FY2023-Q1WorsenedAnnual report
「Segment profit was affected on the cost side by higher per-unit fuel costs and ocean freight fuel surcharges resulting from higher crude oil prices and the sharp depreciation of the yen. However, on the revenue side, the effects of introducing a fuel surcharge system from September 2022 and higher utilization rates resulting from increased revenue exceeded the impact of surging fuel costs, resulting in higher profit.」
Higher crude oil prices and the sharp depreciation of the yen drove up per-unit fuel costs and ocean freight fuel surcharges, with the impact of higher fuel prices appearing in actual results. Meanwhile, a fuel surcharge system has been in place since September 2022. - FY2022-Q3WorsenedAnnual report
「However, operating profit declined because the surge in per-unit fuel costs and ocean freight fuel surcharges substantially increased vehicle transportation costs, the number of vehicle transportation contracts declined amid sluggish automotive distribution, and employment adjustment subsidies decreased from the previous consolidated fiscal year.」
The surge in per-unit fuel costs and ocean freight fuel surcharges emerged as a substantial increase in vehicle transportation costs and a factor behind lower profit. The diesel price also rose from ¥117.4/L in the same period of the previous year to ¥145.1/L. - FY2022-Q2WorsenedAnnual report
「Profit declined because per-unit fuel costs and ocean freight fuel surcharges rose as a result of higher crude oil prices.」
Higher crude oil prices drove up per-unit fuel costs and ocean freight fuel surcharges, emerging as factors behind lower profit. The diesel price rose from ¥114.7/L in the same period of the previous year to ¥142.1/L, and the regular gasoline price rose from ¥134.0/L to ¥162.2/L. - FY2022-Q1WorsenedAnnual report
「Segment profit declined due to lower revenue in the vehicle transportation and maintenance businesses, as well as higher per-unit fuel costs and ocean freight fuel surcharges resulting from the surge in crude oil prices, among other factors.」
Higher crude oil prices drove up per-unit fuel costs and ocean freight fuel surcharges, causing fuel price risk to re-emerge as a factor behind lower profit. - FY2021MitigatedAnnual report
「The automotive-related business reported higher profit because the number of vehicle transportation orders and the number of used vehicles exported increased, while per-unit fuel costs declined from the same period of the previous year.」
The diesel price was ¥121.0/L and the regular gasoline price was ¥140.6/L, with the decline in per-unit fuel costs contributing to higher profit. - FY2021-Q2RestatedAnnual report
「Although per-unit fuel costs declined from the same quarter of the previous year, the automotive-related business reported lower profit because the impact of lower revenue from vehicle transportation and pre-delivery maintenance inspections was substantial.」
The year-on-year decline in per-unit fuel costs has continued, but the impact of lower revenue from vehicle transportation and pre-delivery maintenance inspections was substantial, resulting in lower profit in the automotive-related business. - FY2021-Q1MitigatedAnnual report
「Although per-unit fuel costs declined from the same period of the previous year, the automotive-related business reported lower profit because the impact of lower revenue from vehicle transportation and pre-delivery maintenance inspections was substantial.」
Per-unit fuel costs declined from the same period of the previous year, easing cost pressure from higher fuel prices. However, the substantial decline in revenue from vehicle transportation and pre-delivery maintenance inspections resulted in lower profit in the automotive-related business. - FY2020MitigatedAnnual report
「The automotive-related business as a whole reported higher profit due to the review of the depreciation period for transportation equipment and the decline in per-unit fuel costs from the same period of the previous year, among other factors.」
Diesel prices fell from ¥129.9/L to ¥126.5/L, and regular gasoline prices fell from ¥150.0/L to ¥146.1/L, with the decline in per-unit fuel costs contributing to higher profit in the automotive-related business. - FY2020-Q3MitigatedAnnual report
「In addition to the revision of transportation charges implemented from January 2019, the automotive-related business reported higher profit due to the review of the depreciation period for transportation equipment to align it with its actual useful life, the decline in per-unit fuel costs from the same quarter of the previous year, and other factors.」
Per-unit fuel costs declined from the same period of the previous year and, together with the revision of transportation charges and other factors, contributed to higher profit in the automotive-related business. - FY2020-Q2RestatedAnnual report
「Meanwhile, in the logistics industry, operating conditions are difficult due to cost pressures including a driver shortage stemming from tight labor supply and demand, rising wages and recruiting costs, persistently high fuel costs, and compliance-related expenses.」
While persistently high fuel costs continue to be described as a cost-increasing factor, the year-on-year decline in per-unit fuel costs became a factor contributing to higher profit in the automotive-related business. - FY2020-Q1Fuel costs remain high, while lower per-unit prices have emerged as a factor contributing to higher profit.Annual report
「Meanwhile, amid management challenges including promoting work-style reforms to create a rewarding workplace and reduce total working hours, higher labor and recruiting costs to address the driver shortage, and higher vehicle costs from adding transportation equipment and addressing aging equipment, the automotive-related business reported higher profit due to the revision of transportation charges implemented from January 2019, the review of the depreciation period for transportation equipment to align it with its actual useful life, and the decline in per-unit fuel costs from the same quarter of the previous year.」
While persistently high fuel costs are noted for the logistics industry as a whole, the year-on-year decline in per-unit fuel costs emerged as a factor contributing to higher profit in the automotive-related business. - FY2019-Q3RestatedAnnual report
「In the logistics industry, operating conditions are extremely difficult due to cost pressures including a driver shortage caused by tight labor supply and demand, higher wages and recruiting costs, surging fuel costs, and compliance-related expenses such as vehicle weight restrictions and restrictions on handling cargo on public roads.」
Surging fuel costs continue to be described as a cost-increasing factor alongside driver shortage-related expenses and compliance-related expenses. - FY2019-Q2RestatedAnnual report
「In the logistics industry, operating conditions are extremely difficult due to cost pressures including a driver shortage caused by tight labor supply and demand, higher wages and recruiting costs, surging fuel costs, and compliance-related expenses such as vehicle weight restrictions and restrictions on handling cargo on public roads.」
Surging fuel costs have continued as a cost-increasing factor alongside labor and recruiting costs and compliance-related expenses. - FY2019-Q1MaterialisedAnnual report
「In the logistics industry, operating conditions are extremely difficult due to cost pressures including a driver shortage caused by tight labor supply and demand, higher wages and recruiting costs, surging fuel costs, and compliance-related expenses such as vehicle weight restrictions and restrictions on handling cargo on public roads.」
Surging fuel costs have continued to appear in actual results as a cost-increasing factor alongside driver shortage-related expenses and compliance-related expenses. - FY2018MaterialisedAnnual report
「If fuel prices, including diesel and gasoline, rise substantially and the resulting increase in transportation costs cannot be absorbed through the Company’s own efforts or reflected in transportation charges, including fuel surcharges, this could adversely affect the performance of the Group.」
The national average diesel price rose from ¥107.4/L to ¥118.7/L, and the regular gasoline price rose from ¥128.2/L to ¥140.2/L, with fuel price risk appearing in actual results. - FY2018-Q3MaterialisedAnnual report
「In addition to surging fuel costs, higher depreciation expenses from adding equipment, and profit-reducing factors stemming from the completed-vehicle inspection issue, the automotive-related business as a whole reported lower profit.」
Surging fuel costs have continued to appear in actual results as a factor behind lower profit in the automotive-related business. - FY2018-Q2MaterialisedAnnual report
「Surging fuel costs」
Surging fuel costs have emerged in actual results as one factor behind lower profit in the automotive-related business. - FY2017MaterialisedAnnual report
「In the logistics industry, operating conditions remained difficult, as fuel prices rose moderately and the driver shortage became even more severe.」
Diesel prices rose from ¥107.0/L to ¥107.4/L, and regular gasoline prices rose from ¥125.8/L to ¥128.2/L, with higher fuel prices recorded in actual results. - FY2016First statedAnnual report
「In addition, risks of a medium- to long-term surge in crude oil prices and stronger environmental measures, including emissions regulations」
The Company separately identifies as a risk the impact on performance if higher fuel prices push up transportation costs and the increase cannot be passed on to customers.