Lower Fuel Costs Due to Falling Crude Oil Prices
First written in FY2017-Q1. 11 of 19 entries say "Restated". Latest entry: FY2026.
Okayamaken Freight Transportation moved to the "Worse" side of this theme in 2026, 5 years after the typical company in this theme (2021).
The whole theme swung hardest in 2022: 15 of 22 companies on the "Worse" side.
9 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The company is operating in a challenging environment, with further increases in transportation costs a concern due to surging fuel and material prices and higher outsourcing expenses amid a chronic labor shortage, and the outlook remains uncertain.」
The scope of the impact has expanded from the previously cited persistently high fuel prices and higher transportation costs to surging material prices, higher outsourcing expenses and concerns over further increases in transportation costs. - FY2025-H1RestatedAnnual report
「The company is operating in a challenging environment due in part to higher expenses resulting from the response to the 2024 problem and persistently high fuel prices.」
Higher expenses due to persistently high fuel prices continue to be cited, together with the response to the 2024 problem, as factors contributing to the transportation industry's challenging operating environment. - FY2024-Q3RestatedAnnual report
「Higher transportation costs associated with rising fuel prices and other factors.」
Higher transportation costs associated with rising fuel prices continue to be cited as a factor contributing to the transportation industry's challenging operating environment. - FY2024-Q2ReframedAnnual report
「In the transportation industry, conditions remain extremely challenging due to higher expenses resulting from surging fuel prices and various price increases, as well as declining domestic freight volume.」
The scope of the impact of higher fuel prices has expanded from the burden of higher transportation costs to increased expenses, including various price increases. - FY2024-Q1RestatedAnnual report
「Higher transportation costs, including fuel prices and outsourcing expenses, put pressure on profit, and difficult conditions continued.」
The disclosure continues to state that the burden of higher transportation costs due to rising fuel prices, together with outsourcing expenses, is putting pressure on profit. - FY2023-Q3RestatedAnnual report
「In the transportation industry as well, substantial increases in expenses associated with surging fuel prices and」
Substantial increases in expenses associated with surging fuel prices continue to be cited as a factor contributing to the transportation industry's challenging operating environment. - FY2023-Q2RestatedAnnual report
「In the transportation industry as well, substantial increases in expenses associated with surging fuel prices and」
Higher transportation costs and expenses associated with surging fuel prices continue to be cited as factors contributing to the transportation industry's challenging environment. - FY2023-Q1ReframedAnnual report
「Higher transportation costs associated with surging fuel prices.」
The impact of fuel prices on profit is described not in terms of the actual increase or decrease in fuel costs, as previously, but as an industry-wide cost burden in the form of higher transportation costs associated with surging fuel prices. - FY2022RestatedAnnual report
「Although fuel costs increased as crude oil prices rose from the previous fiscal year,」
The disclosure continues to describe the impact as higher fuel costs due to rising crude oil prices, rather than lower fuel costs due to falling crude oil prices, as in the previous update. - FY2022-Q2ReframedAnnual report
「In the logistics industry, total domestic freight volume is expected to increase modestly, but the industry continues to face a challenging operating environment, including higher costs associated with improving working conditions and addressing safety measures, as well as a substantial increase in expenses due to surging fuel prices.」
The direction of fuel prices' impact on profit has shifted from the previous explanation of lower fuel costs due to falling crude oil prices to a substantial increase in expenses due to surging fuel prices. - FY2021RestatedAnnual report
「Lower fuel costs due to crude oil prices falling from the previous fiscal year.」
As in the previous fiscal year, lower fuel costs due to falling crude oil prices are cited as a factor reducing operating costs. - FY2020ReframedAnnual report
「Lower fuel costs due to crude oil prices falling from the previous fiscal year.」
The direction of fuel prices' impact on profit has shifted from higher fuel costs due to the previous year's rise in crude oil prices to lower fuel costs due to falling crude oil prices. - FY2020-Q3RestatedAnnual report
「In addition, fuel price trends must be closely monitored, and the business continues to operate in a challenging environment.」
The disclosure continues to identify fuel price trends as a factor requiring close monitoring, as in the previous quarter. - FY2019RestatedAnnual report
「Higher fuel costs in the freight transportation business, the Group's principal business, due to crude oil prices rising from the previous fiscal year.」
The shift from lower fuel costs due to falling crude oil prices to higher fuel costs due to rising crude oil prices has continued. - FY2019-Q2ReframedAnnual report
「The domestic freight volume in the logistics industry, the Group's principal business, has also continued to trend upward, albeit modestly, but the industry faces a challenging operating environment due to labor shortages, efforts to curb long working hours and surging fuel prices.」
The discussion of fuel prices has shifted from their impact on fuel costs to describing surging fuel prices as a factor contributing to the transportation industry's challenging operating environment. - FY2018-Q3ReframedAnnual report
「Operating profit was ¥1,242 million, up 3.3% year on year, as efforts to reduce expenses offset increases in fuel costs resulting from higher crude oil prices and other factors.」
The direction of fuel prices' impact on profit has shifted from lower fuel costs due to falling crude oil prices to higher fuel costs as crude oil prices rise. - FY2017-Q3RestatedAnnual report
「Although fuel costs declined as crude oil prices fell, operating profit was ¥1,203 million, down 3.1% year on year, due mainly to higher outsourcing costs, including chartered-vehicle expenses.」
The benefit of lower fuel costs resulting from falling crude oil prices continues to be shown, but operating profit declined due mainly to higher outsourcing costs and other factors. - FY2017-Q2RestatedAnnual report
「Although fuel costs declined as crude oil prices fell, operating profit was ¥749 million, down 12.4% year on year, due mainly to higher outsourcing costs, including chartered-vehicle expenses.」
The benefit of lower fuel costs due to falling crude oil prices continues to be noted, but operating profit in the freight transportation business declined due mainly to higher outsourcing costs and other factors. - FY2017-Q1First statedAnnual report
「Operating profit was ¥411 million, up 10.2% year on year, partly due to lower fuel costs resulting from falling crude oil prices.」
Lower fuel costs resulting from falling crude oil prices are cited as a factor behind higher operating profit in the freight transportation business.