Steel and Crude Oil Price Volatility
First written in FY2016. 15 of 27 entries say "Materialised", first in FY2018-Q1. Latest entry: 2026-08-13.
The whole theme swung hardest in 2022: 122 of 167 companies on the "Worse" side.
- 2026-08-13WorsenedEarnings
「Uncertainty continued due to factors including surging crude oil prices resulting from heightened tensions in the Middle East, rising prices accompanying the yen's depreciation, and persistently high energy and raw material costs.」
In addition to the previous uncertainties related to fuel prices, geopolitics and foreign exchange, the company explicitly identifies heightened tensions in the Middle East as a factor behind surging crude oil prices. - FY2026RestatedAnnual report
「In the domestic transportation business, the operating environment has changed significantly, due to factors including higher fuel prices resulting from the destabilisation of international affairs, heightened geopolitical risks and exchange-rate movements.」
It continues to identify higher fuel prices resulting from geopolitical risks and exchange-rate movements as factors affecting the operating environment. - FY2025WorsenedAnnual report
「Social and economic activity and financial conditions remain highly uncertain, due to higher raw material and energy prices resulting from the weaker yen and the risk of a downturn in overseas economies.」
In addition to the traditional volatility in crude oil and material prices, it explicitly identifies higher raw material and energy prices resulting from the weaker yen as uncertainty factors. - FY2024MaterialisedAnnual report
「The outlook remains uncertain due to historically weak yen levels and other factors driving up crude oil and raw material prices, as well as wage increases failing to keep pace with rising prices.」
Higher crude oil and raw material prices continue to be identified as actual factors putting pressure on the economic environment and earnings. - FY2023MaterialisedAnnual report
「Due to higher fuel costs associated with rising crude oil prices in each segment, lower demand resulting from the COVID-19 pandemic and the invasion of Ukraine, and other factors, operating profit was ¥6 million, down ¥145 million (95.8%) from the previous consolidated fiscal year.」
Higher fuel costs associated with rising crude oil prices are reflected in actual company-wide performance as a factor pressuring earnings. - FY2023-Q3MaterialisedAnnual report
「Turning to earnings, although expenses for outsourced transportation and other costs declined, the difficult environment was reflected in higher fuel costs, higher product purchase costs and other factors,」
Higher fuel costs and product purchase costs related to fluctuations in crude oil and material prices are reflected in actual performance as factors pressuring earnings for the cumulative period of the current quarter. - FY2023-Q2MaterialisedAnnual report
「In petroleum sales, higher average selling prices resulted in higher revenue, but higher purchase prices and lower volumes handled led to lower earnings. In drum and other product sales, higher selling prices for new drums resulted in higher revenue.」
Higher purchase prices related to fluctuations in crude oil and material prices are reflected in actual performance as a factor reducing profit in petroleum sales. - FY2023-Q1MaterialisedAnnual report
「Although the increase in transportation volume resulted in higher revenue, higher fuel costs led to lower earnings.」
The risk of higher fuel costs due to elevated crude oil prices and other factors is reflected in actual performance as a factor reducing profit in the freight trucking business. - FY2022MaterialisedAnnual report
「Higher fuel costs associated with rising crude oil prices in each segment」
The risk of rising crude oil prices is reflected in earnings for the current fiscal year through higher fuel costs. - FY2022-Q3MaterialisedAnnual report
「Turning to earnings, although fuel and other costs increased,」
Whereas cost savings from lower fuel prices had been disclosed for the previous fiscal year, higher fuel and other costs were identified as actual earnings factors for the cumulative period of the current quarter. - FY2022-Q1Shift to higher fuel costsAnnual report
「Although labor costs, including overtime pay, fuel costs, and depreciation expenses increased, the increase in handling volume resulted in」
Whereas cost savings from lower fuel prices had been disclosed for the previous fiscal year, higher fuel costs were identified as an earnings factor in the current quarter. - FY2021Cost savings from lower fuel pricesAnnual report
「In addition, despite cost savings from lower fuel prices and other factors, net sales were ¥3,403 million, down ¥220 million (6.1%) from the previous consolidated fiscal year, while segment profit (operating profit) was ¥305 million, down ¥7 million (2.3%).」
Whereas rising crude oil prices and higher fuel costs had previously been disclosed, cost savings from lower fuel prices were disclosed for the current fiscal year. - FY2021-Q3RestatedAnnual report
「Although labor and fuel costs declined, reflecting the difficult environment,」
Fuel costs are identified as a factor reducing costs, and there is no new disclosure that higher costs due to rising crude oil prices appeared in earnings for the current quarter. - FY2020RestatedAnnual report
「Although vehicle fuel costs and toll road charges declined,」
In contrast to the previous risk of higher fuel costs due to rising material and crude oil prices, lower vehicle fuel costs are identified as an actual performance factor for the current fiscal year. - FY2020-Q3RestatedAnnual report
「In addition, due to lower vehicle fuel and repair costs, net sales were ¥2,720 million, down ¥21 million (0.8%) from the same quarter of the previous year, while segment profit (operating profit) was ¥231 million, up ¥14 million (6.4%) year on year.」
As in the previous quarter, lower vehicle fuel costs are identified as a factor improving earnings. This differs from the previous description that the risk of higher steel and crude oil prices appeared as higher fuel costs, but there has been no new change in the current quarter. quantified is false, and materialized is false. - FY2020-Q2Shift to lower fuel costsAnnual report
「Although revenue also benefited from revised freight rates and lower vehicle fuel and repair costs,」
Whereas higher fuel costs due to rising crude oil prices and other factors had previously been identified as a factor pressuring earnings, lower vehicle fuel costs are identified as a factor improving earnings for the current cumulative period. - FY2019MaterialisedAnnual report
「There were higher fuel costs due to rising crude oil prices and higher depreciation expenses associated with the vehicle replacement plan, but」
Higher fuel costs due to rising crude oil prices continue to appear as an actual earnings factor for the current fiscal year. - FY2019-Q3MaterialisedAnnual report
「Higher fuel costs due to rising crude oil prices,」
The impact of rising crude oil prices continues to be reflected in actual earnings through higher fuel costs. - FY2019-Q2MaterialisedAnnual report
「Higher fuel costs due to rising crude oil prices,」
The impact of rising crude oil prices is reflected in actual earnings for the current quarter through higher fuel costs. - FY2019-Q1MaterialisedAnnual report
「Higher fuel costs due to elevated crude oil prices,」
Elevated crude oil prices continue to be reflected in actual earnings through higher fuel costs. - FY2018MaterialisedAnnual report
「Higher fuel costs due to rising crude oil prices,」
The risk of higher crude oil prices is reflected in full-year earnings through higher fuel costs. - FY2018-Q3MaterialisedAnnual report
「Higher fuel costs due to rising crude oil prices,」
The impact of rising crude oil prices continues to appear as higher fuel costs among the factors affecting earnings for the nine months ended Q3. - FY2018-Q2MaterialisedAnnual report
「Higher fuel costs due to rising crude oil prices,」
The impact of rising crude oil prices continues to appear as higher fuel costs among the factors affecting earnings in the current quarter. - FY2018-Q1MaterialisedAnnual report
「Higher fuel costs due to rising crude oil prices,」
The rise in crude oil prices is reflected in actual earnings through higher fuel costs. - FY2017-Q2RestatedAnnual report
「The logistics industry remains in a difficult operating environment. Despite signs of economic recovery, total freight volumes have stagnated because of weak domestic demand, fuel prices are trending upward, and the industry also faces a driver shortage.」
It continues to indicate that fuel prices are trending upward. - FY2017-Q1RestatedAnnual report
「The logistics industry remains in a difficult operating environment. Despite signs of economic recovery, total freight volumes have stagnated because of weak domestic demand, fuel prices are trending upward, and the industry also faces a driver shortage.」
Changes in fuel prices continue to be identified as a factor affecting the operating environment and performance of the logistics business. - FY2016First statedAnnual report
「Higher prices for steel, crude oil and other materials may cause fluctuations in earnings, primarily through factors such as lower drum sales volumes and higher vehicle fuel costs in the petroleum and drum sales business (in part) and the freight trucking business.」
It states that higher steel and crude oil prices affect earnings through lower sales volumes and higher fuel costs.