Fuel cost burden from crude oil prices and foreign exchange fluctuations

「To address increases in electricity and fuel costs, we are promoting the replacement of railway vehicles with energy-efficient models and buses with hybrid models, while also obtaining forecasts based on oil price trends through information exchanges with oil wholesalers and other parties.」

「中東情勢の悪化等による燃料価格の高騰や、国際情勢の緊張に伴う資材・物価上昇等、依然として先行き不透明な状況が続いております。」

「To address increases in electricity and fuel costs, we are promoting the replacement of railway vehicles with energy-efficient models and buses with hybrid models, while also obtaining forecasts based on oil price trends through information exchanges with oil wholesalers and other parties.」

「Although fuel and lubricants costs increased as the sharp rise in crude oil prices continued, the increase in revenue exceeded the increase in costs and improved the balance of income and expenses.」

「Although fuel and lubricants costs increased substantially due to the sharp rise in crude oil prices, the increase in revenue exceeded the increase in costs and improved the balance of income and expenses.」

「Although both the railway and automotive businesses continued to be affected by COVID-19, transportation volume increased and revenue rose in line with the resumption of economic activity. While fuel costs increased as crude oil prices surged, the Group promoted operating-efficiency improvements, including timetable revisions based on actual customer usage, and worked to reduce costs.」

「Both the railway and automotive businesses reported lower revenue because changes in customers’ patterns of behavior led to a substantial decline in users, mainly during daytime and late-night hours. However, the Group improved operating efficiency by moving up the departure time of the last service and revising timetables, including by adjusting the number of services and intervals between services in line with actual usage. It also worked to reduce costs through lower fuel costs resulting from the decline in crude oil prices and by reviewing nonessential expenses.」

「To address increases in electricity and fuel costs, we are promoting the replacement of railway vehicles with energy-efficient models and buses with hybrid models, while also obtaining forecasts based on oil price trends through information exchanges with oil wholesalers and other parties.」

「As a result, operating revenue for the third quarter of the current consolidated cumulative period decreased by 0.4%, or ¥64 million, from the third quarter of the previous consolidated cumulative period to ¥16,874 million. Operating loss was ¥810 million, compared with an operating loss of ¥457 million in the third quarter of the previous consolidated cumulative period, due to higher personnel expenses, increased fuel costs resulting from higher crude oil prices and higher depreciation expenses associated with vessel replacement.」

「As a result, operating revenue for the second quarter of the current consolidated cumulative period decreased by 1.4%, or ¥159 million, from the second quarter of the previous consolidated cumulative period to ¥11,114 million. Operating loss was ¥581 million, compared with an operating loss of ¥210 million in the second quarter of the previous consolidated cumulative period, due to higher personnel expenses, increased fuel costs resulting from higher crude oil prices and higher depreciation expenses associated with vessel replacement.」

「As a result, operating revenue for the first quarter of the current consolidated cumulative period increased by 1.5%, or ¥82 million, from the first quarter of the previous consolidated cumulative period to ¥5,713 million. However, operating loss was ¥127 million, compared with an operating loss of ¥30 million in the first quarter of the previous consolidated cumulative period, due to higher personnel expenses, increased fuel costs resulting from higher crude oil prices and higher depreciation expenses associated with vessel replacement.」

「Electricity costs in the railway business and fuel and lubricants costs in the automotive and maritime transportation businesses fluctuate depending on foreign exchange rates and crude oil prices. If these prices rise due to changes in global conditions or other factors, the burden of electricity costs and fuel and lubricants costs will increase.」

「Electricity costs in the railway business and fuel and lubricants costs in the automotive and maritime transportation businesses fluctuate depending on foreign exchange rates and crude oil prices. If these prices rise due to changes in global conditions or other factors, the burden of electricity costs and fuel and lubricants costs will increase.」

「Electricity costs in the railway business and fuel and lubricants costs in the automotive and maritime transportation businesses fluctuate depending on foreign exchange rates and crude oil prices. If these prices rise due to changes in global conditions or other factors, the burden of electricity costs and fuel and lubricants costs will increase.」