Declining domestic demand for petroleum products and freight transport volumes, and a shortage of crew members
First written in FY2016. 20 of 32 entries say "Restated". Latest entry: 2026-08-07.
No other company in this theme has enough history to compare yet.
- 2026-08-07RestatedEarnings
「Amid an uncertain outlook for energy supply and demand, conditions remained challenging due to higher personnel costs, fuel prices and other factors, as well as increasingly severe labor shortages resulting from the aging of drivers.」
The Company again identifies increasingly severe labor shortages resulting from the aging of drivers, following the previous year's disclosure. - FY2026WorsenedAnnual report
「Most of the Group's employees are motor-vehicle drivers, but in addition to the aging workforce, low pay and long working hours have tended to discourage applicants in recent years. Furthermore, the application of limits on overtime work in the motor-vehicle transportation business is expected to increase the number of drivers that must be secured, raising concerns about a further driver shortage. If the driver shortage makes it difficult to continue operations, it could have a significant impact on business performance.」
The factors contributing to the driver-shortage risk are specified, including the aging driver workforce, reluctance to accept low pay and long working hours, and the possibility that limits on overtime work will increase the number of drivers required. - 2026-05-13WorsenedEarnings
「The business environment for our Group also remained challenging, due to soaring raw material prices and increasingly severe labor shortages resulting from the aging of drivers and other factors.」
In addition to soaring raw material prices, the Company continues to identify increasingly severe labor shortages resulting from the aging of drivers as part of its challenging business environment. - FY2025WorsenedAnnual report
「The Group's business environment is expected to remain challenging, due in part to soaring raw material prices and a worsening labor shortage against the backdrop of the aging driver workforce.」
In addition to the existing driver shortage, the worsening labor shortage against the backdrop of an aging workforce is explicitly identified, indicating that the challenging business environment is continuing to deteriorate. - FY2025-H1RestatedAnnual report
「The Group's business environment also remained challenging, due in part to soaring energy and raw material prices and concerns about driver shortages resulting from the logistics industry's 2024 problem.」
Soaring energy and raw material prices and concerns about driver shortages resulting from the logistics industry's 2024 problem continue to be described as factors contributing to the challenging business environment. - FY2024-Q3RestatedAnnual report
「The Group's business environment also remains challenging, due in part to soaring energy and raw material prices and concerns about a further shortage of drivers resulting from the logistics industry's 2024 problem.」
Soaring energy and raw material prices and a further shortage of drivers resulting from the logistics industry's 2024 problem have been reaffirmed as factors contributing to the challenging business environment. - FY2024-Q2RestatedAnnual report
「The Group's business environment also remains challenging, due in part to soaring energy and raw material prices and concerns about a further shortage of drivers resulting from the logistics industry's 2024 problem.」
Soaring energy and raw material prices and a further shortage of drivers resulting from the logistics industry's 2024 problem have been reaffirmed as factors contributing to the challenging business environment, as in the previous quarter. - FY2024-Q1WorsenedAnnual report
「The Group's business environment also remains challenging, due in part to soaring energy and raw material prices and concerns about a further shortage of drivers resulting from the logistics industry's 2024 problem.」
In addition to the existing driver shortage, a further shortage resulting from the logistics industry's 2024 problem is explicitly identified as a concern, indicating a deterioration in the wording of the risk. - FY2023-Q3RestatedAnnual report
「Although transportation demand is gradually recovering, the Group's business environment remains challenging due in part to the impact of soaring energy and raw material prices.」
The recovery trend in transportation demand and the challenging business environment caused by soaring energy and raw material prices continue to be described, as in the previous quarter. - FY2023-Q2RestatedAnnual report
「Although transportation demand is gradually recovering, the Group's business environment remains challenging due in part to the impact of soaring energy and raw material prices.」
The recovery trend in transportation demand and the challenging business environment caused by soaring energy and raw material prices continue to be described, as in the previous quarter. - FY2023-Q1Transportation demand recovery and the challenging business environment described togetherAnnual report
「Although transportation demand is gradually recovering, the Group's business environment remains challenging due in part to the impact of soaring energy and raw material prices.」
While transportation demand is described as gradually recovering, the business environment is stated to remain challenging due to soaring energy and raw material prices and other factors. - FY2022WorsenedAnnual report
「Domestic demand for petroleum products is expected to decline over the long term, and the business environment can be described as increasingly challenging due in part to surging crude oil prices and the impact of the infectious disease. The Group will nevertheless use the strengths described above to maintain and expand transportation volumes and market share.」
While transportation demand is recovering, the long-term decline in domestic demand for petroleum products has been compounded by surging crude oil prices and the impact of the infectious disease, and the business environment is described as "more challenging." - FY2022-Q3RestatedAnnual report
「Although the Group's business environment continues to be affected by the infectious disease, transportation demand is gradually recovering.」
Although the impact of the infectious disease continues, the previous trend of gradual recovery in transportation demand has been reaffirmed. - FY2022-Q2Continued recovery in demandAnnual report
「In the petroleum transportation business, railway transportation was affected by changes in shipping locations and the suspension of freight trains due to torrential rain disasters and other factors. However, revenue from motor-vehicle transportation increased due to the recovery in fuel oil demand and other factors, resulting in revenue of ¥6,518 million, up 2.2% year on year.」
While railway transportation was affected by changes in shipping locations and torrential rain disasters, motor-vehicle transportation generated higher revenue due to the recovery in fuel oil demand. This does not represent a change in the outlook for a long-term decline in domestic demand for petroleum products; rather, the short-term recovery in demand is continuing. - FY2022-Q1Short-term recovery in demandAnnual report
「In the petroleum transportation business, although there was an impact from changes in shipping locations and other factors, revenue increased to ¥3,154 million, up 2.1% year on year, due to a recovery in fuel oil demand.」
Although there is no indication that the outlook for a long-term decline in domestic demand for petroleum products has changed, the recovery in fuel oil demand has resulted in higher revenue during the quarter. - FY2021RestatedAnnual report
「Domestic demand for petroleum products is expected to decline over the long term, and the business environment can be described as increasingly challenging due in part to the impact of the infectious disease. The Group will nevertheless use the strengths described above to maintain and expand transportation volumes and market share.」
The long-term decline in domestic demand for petroleum products continues to be described, and the business environment is explained as having become more challenging due to the impact of the infectious disease. - FY2021-Q3RestatedAnnual report
「In the petroleum transportation business, demand for fuel oil remained sluggish due to requests to refrain from going out and other factors related to the infectious disease, while revenue also declined due to changes in shipping locations. As a result, revenue and operating profit declined.」
The continued sluggishness in fuel oil demand due to the infectious disease continues to weigh on revenue and operating profit in the petroleum transportation business. - FY2021-Q1MaterialisedAnnual report
「In the petroleum transportation business, demand for fuel oil fell sharply due to requests to refrain from going out and other factors related to the infectious disease, and demand remained sluggish even after the lifting of the state of emergency. As a result, revenue and operating profit declined. Revenue in this business was ¥3,217 million, down 11.2% year on year, and the operating loss was ¥108 million, compared with operating profit of ¥46 million in the same period of the previous year.」
The previously identified decline in domestic demand for petroleum products has materialized as a sharp decline in fuel oil demand, against the backdrop of requests to refrain from going out and other factors related to COVID-19, and as an operating loss in the petroleum transportation business. - FY2020-Q3RestatedAnnual report
「The Group's business environment remains challenging, as domestic demand for petroleum products is on a long-term declining trend, while driver shortages have led to higher expenses such as personnel costs.」
The long-term decline in domestic demand for petroleum products, driver shortages and rising expenses such as personnel costs continue to be described as a challenging business environment. - FY2020-Q2RestatedAnnual report
「The Group's business environment remains challenging, as domestic demand for petroleum products is on a long-term declining trend, while driver shortages have led to higher expenses such as personnel costs.」
The long-term decline in domestic demand for petroleum products, higher expenses such as personnel costs attributable to driver shortages, and the challenging business environment continue to be described. - FY2020-Q1RestatedAnnual report
「The Group's business environment remains challenging, as domestic demand for petroleum products is expected to decline over the long term, while driver shortages have led to higher expenses such as personnel costs.」
The long-term decline in domestic demand for petroleum products, driver shortages and rising expenses such as personnel costs continue to be described as a challenging business environment. - FY2019RestatedAnnual report
「The Group's business environment remains challenging, as domestic demand for petroleum products is expected to decline over the long term, while driver shortages and increases in expenses such as fuel and personnel costs also persist.」
The long-term decline in domestic demand for petroleum products, driver shortages and rising expenses such as fuel and personnel costs continue to be described as a challenging business environment. - FY2019-Q3RestatedAnnual report
「The Group's business environment remains challenging, as domestic demand for petroleum products is expected to decline over the long term, while driver shortages and increases in expenses such as fuel and personnel costs also persist.」
The long-term decline in domestic demand for petroleum products, driver shortages and rising expenses such as fuel and personnel costs continue to be described as a challenging business environment. - FY2019-Q2RestatedAnnual report
「The Group's business environment remains challenging, as domestic demand for petroleum products is expected to decline over the long term, while driver shortages and increases in expenses such as fuel and personnel costs also persist.」
The long-term decline in domestic demand for petroleum products, driver shortages and rising expenses such as fuel and personnel costs continue to be described as a challenging business environment. - FY2019-Q1RestatedAnnual report
「The Group's business environment remains challenging, as domestic demand for petroleum products is expected to decline over the long term, while driver shortages and increases in expenses such as personnel costs also persist.」
The long-term decline in domestic demand for petroleum products, driver shortages and rising expenses such as personnel costs continue to be described as a challenging business environment. - FY2018-Q3RestatedAnnual report
「The Group's business environment remains challenging, as domestic demand for petroleum products is expected to decline over the long term, while driver shortages and increases in expenses such as fuel costs also persist.」
The long-term decline in domestic demand for petroleum products, driver shortages and rising expenses continue to be described as a challenging business environment. - FY2018-Q2RestatedAnnual report
「The Group's business environment remains challenging, as domestic demand for petroleum products is expected to decline over the long term, while driver shortages and increases in expenses such as fuel costs also persist.」
The long-term decline in domestic demand for petroleum products, driver shortages and rising expenses continue to be described as a challenging business environment. - FY2018-Q1WorsenedAnnual report
「The Group's business environment remains challenging, as domestic demand for petroleum products is expected to decline over the long term, while driver shortages and increases in expenses such as personnel costs also persist.」
In addition to the long-term decline in domestic demand for petroleum products and driver shortages, rising expenses such as personnel costs have been explicitly identified as factors worsening the business environment. - FY2017-Q3RestatedAnnual report
「The Group's business environment remains challenging, as domestic demand for petroleum products is expected to decline over the long term, while domestic freight volumes remain on a declining trend and driver shortages continue to be an issue.」
The long-term decline in domestic demand for petroleum products, the declining trend in freight volumes and driver shortages continue to be described as a challenging business environment. A temporary increase in demand due to a cold spell does not indicate a change in this structural risk. - FY2017-Q2RestatedAnnual report
「The Group's business environment remains challenging, as domestic demand for petroleum products is expected to decline over the long term, while domestic freight volumes remain on a declining trend and driver shortages continue to be an issue.」
The long-term decline in domestic demand for petroleum products, the declining trend in freight volumes and driver shortages continue to be described as a challenging business environment. - FY2017-Q1MaterialisedAnnual report
「In the petroleum transportation business, revenue declined due in part to lower domestic demand for petroleum products and the impact of scheduled refinery maintenance. As a result, revenue in this business was ¥3,157 million, down 3.4% year on year.」
The previously identified risk of declining domestic demand for petroleum products has materialized, together with the impact of scheduled refinery maintenance and other factors, as lower revenue in the petroleum transportation business. - FY2016First statedAnnual report
「In the logistics industry, domestic freight volumes are expected to continue declining, while driver shortages have also become a problem. In addition, domestic demand for petroleum products is expected to continue declining, and the Group is therefore expected to remain in a challenging business environment.」
The structural decline in domestic demand for petroleum products and freight volumes, as well as driver shortages, are explicitly identified as business-environment risks.