Supply and Demand Fluctuations in Petroleum Products and High-Pressure Gas and Changes in the Structure of Energy Demand
First written in FY2016. 10 of 18 entries say "Restated". Latest entry: 2026-08-07.
Japan Oil Transportation moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 4 of 7 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- 2026-08-07RestatedEarnings
「With respect to consolidated earnings forecasts for the second quarter (cumulative) and the full fiscal year, the outlook for supply and demand is uncertain in our Group's core businesses of oil transportation and high-pressure gas transportation due to the prolonged situation in the Middle East.」
The Company reconfirms uncertainty over energy supply and demand in the oil transportation and high-pressure gas transportation businesses. - FY2026WorsenedAnnual report
「Demand for domestic petroleum products is in a difficult business environment, with demand declining due to the long-term shift in the energy structure and soaring crude oil prices, while concerns about supply have also arisen from increasing instability in the international situation.」
In addition to identifying the long-term shift in the energy structure and soaring crude oil prices as factors behind declining demand, the company newly specifies supply concerns arising from increasing instability in the international situation. - 2026-05-13RestatedEarnings
「With respect to consolidated earnings for the next fiscal year, the outlook for product prices and supply and demand is uncertain in our Group's core businesses of oil transportation and high-pressure gas transportation, due to escalating tensions in the Middle East.」
The Company reconfirms the uncertainty surrounding product prices and supply and demand for petroleum products and high-pressure gas as factors affecting earnings for the next fiscal year. - FY2025RestatedAnnual report
「Petroleum products, high-pressure gases and chemical products are the principal products handled by our group. Accordingly, a substantial change in supply due to the domestic or global economy, political conditions or other factors, or extreme fluctuations in demand resulting from technological innovation or changes in the energy demand structure, could have a material impact on our business performance.」
The company continues to identify supply-demand fluctuation risk involving petroleum products and high-pressure gases, as well as chemical products, as a principal risk. - FY2025-H1RestatedAnnual report
「Revenue was ¥4,390 million, up 6.3% year on year, reflecting progress in freight rate revisions and increased demand for LNG transportation.」
Higher demand for LNG transportation contributed to increased revenue, but the company does not describe the elimination of the risks arising from fluctuations in energy demand or long-term changes in the demand structure. - FY2023-Q3RestatedAnnual report
「Although LNG transportation increased due in part to new transportation contracts, revenue was ¥6,315 million, broadly in line with the previous year, up 0.2% year on year, due mainly to lower demand for LPG transportation.」
The company continues to describe fluctuations in energy demand, namely an increase in new LNG transportation and a decline in LPG demand. - FY2023-Q2RestatedAnnual report
「Although LNG transportation increased due in part to new transportation contracts, revenue was ¥4,093 million, broadly in line with the previous year, up 0.1% year on year, due mainly to lower demand for LPG transportation.」
The company continues to describe fluctuations in energy demand, including an increase from new LNG transportation and a decline in LPG demand. - FY2023-Q1MaterialisedAnnual report
「Although LNG transportation increased due in part to new transportation contracts, revenue was ¥2,078 million, broadly in line with the previous year, down 0.3% year on year, due mainly to lower demand for LPG transportation.」
Higher LNG transportation was offset by lower demand for LPG transportation, resulting in a 0.3% year-on-year decline in revenue from the high-pressure gas transportation business. - FY2022MitigatedAnnual report
「To address this risk, we are working to diversify our segments and stabilize earnings so as not to become overly dependent on any particular business segment. We are also continuing to expand and develop new businesses, including asset management, in addition to businesses involving petroleum products, chemical products and high-pressure gases.」
The company specifically describes segment diversification, earnings stabilization and the expansion and development of new businesses, including asset management, as measures to address supply-demand fluctuation risk. - FY2022-Q3RestatedAnnual report
「In the high-pressure gas transportation business, revenue increased due in part to a recovery in demand, mainly for LNG (liquefied natural gas).」
The recovery in energy demand, centered on LNG, is continuing. There has been no new change in the long-term shift in the demand structure or in the risk of supply-demand fluctuations itself. - FY2022-Q2RestatedAnnual report
「In the high-pressure gas transportation business, revenue and operating profit increased due in part to a recovery in demand, mainly for LNG (liquefied natural gas). As a result, revenue in this business was ¥4,087 million, up 6.2% year on year, and operating profit was ¥120 million, up 75.6%.」
The recovery in demand, mainly for LNG, is reflected in higher revenue and profit, but this does not indicate that the risks of fluctuations in energy demand or long-term changes in the demand structure have been eliminated. - FY2021WorsenedAnnual report
「Because petroleum products, chemical products, high-pressure gas and other products are among the Group’s principal products handled, the Group’s performance could be materially affected if supply fluctuates significantly due to the domestic or global economy, political conditions or other factors, or if demand fluctuates sharply due to technological innovation or changes in the energy demand structure. In particular, overseas chemical product transportation is more susceptible to the impact of the global economy and political conditions than the Group’s other businesses, which are focused mainly on domestic transportation, and could materially affect performance.」
In addition to petroleum products and high-pressure gas, the company specifically identifies chemical products and adds that overseas chemical product transportation is more susceptible to the impact of the global economy and political conditions. - 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.」
Fluctuations in demand for petroleum products continue to be reflected in sluggish fuel oil demand due to the pandemic, as well as lower revenue and profit in the petroleum transportation business. - FY2021-Q2MaterialisedAnnual report
「In the petroleum transportation business, revenue and operating profit declined as demand for fuel oil fell sharply due to requests to refrain from going out and other effects of the pandemic, and demand remained sluggish even after the government lifted the state of emergency.」
The risk of fluctuations in demand for petroleum products continues to be reflected in a sharp decline in fuel oil demand due to the pandemic, as well as lower revenue and an operating loss in the petroleum transportation business. - FY2021-Q1MaterialisedAnnual report
「In the petroleum transportation business, revenue and operating profit declined as demand for fuel oil fell sharply due to requests to refrain from going out and other effects of the pandemic, and demand remained sluggish even after the state of emergency was lifted.」
The risk of fluctuations in demand for petroleum products actually emerged as a sharp decline in fuel oil demand due to COVID-19. - FY2019RestatedAnnual report
「Because petroleum products, high-pressure gas and other products are among the Group’s principal products handled, the Group’s performance could be materially affected if supply fluctuates significantly due to international conflicts or other factors, or if demand fluctuates sharply due to technological innovation or changes in the energy demand structure.」
The company continues to identify fluctuations in the supply and demand of petroleum products and high-pressure gas, technological innovation and changes in the energy demand structure as business risks. - FY2017-Q3MaterialisedAnnual report
「As a result, revenue for the cumulative third quarter of the fiscal year was ¥22,176 million, nearly unchanged from the previous year and down 0.2% year on year, as demand for petroleum products and LNG increased with the arrival of a cold wave.」
The supply-demand fluctuation caused by increased demand for petroleum products and LNG due to the cold wave is reflected in the current period’s performance analysis. This does not indicate that the long-term risk associated with changes in the energy demand structure has been eliminated. - FY2016First statedAnnual report
「Because petroleum products, high-pressure gas and other products are among the Group’s principal products handled, the Group’s performance could be materially affected if supply fluctuates significantly due to international conflicts or other factors, or if demand fluctuates sharply due to technological innovation or changes in the energy demand structure.」
The company identifies fluctuations in the supply and demand of its principal products handled, technological innovation and changes in the energy demand structure as risks.