Risk of fluctuations in economic conditions, foreign exchange rates, and crude oil prices

「However, the business environment continues to require close monitoring, including sharp fluctuations in crude oil prices due to the situation in the Middle East and declining demand for automotive fuel.」

「However, difficult conditions continued, including the rise in crude oil prices since autumn 2021 and the decline in demand for automotive fuel.」

「However, difficult conditions continued, including the rise in crude oil prices since autumn 2021 and the decline in demand for automotive fuel.」

「However, difficult conditions continued, including the rise in crude oil prices since autumn 2021 and the decline in demand for automotive fuel.」

「However, difficult conditions continued, including declining demand for automotive fuel, due in part to the further rise in crude oil prices that began in autumn 2021 and the extension of the state of emergency through 30 September as the spread of infections increased following the replacement of the prevailing strain with the Delta variant.」

「In the automotive fuel sales division, the Company strengthened customer sales activities, including developing new customers, reviewed procurement costs, and sought to secure operating profit by selling COVID-19 countermeasure products, such as contactless thermometers, disinfectant sprayers and ozone generators for taxi vehicles. Difficult conditions continued, including higher crude oil prices driven by expectations of a global recovery from the impact of the spread of COVID-19, repeated extensions of states of emergency due to the spread of mutant strains, and declining demand for automotive fuel as a result of requests to refrain from going out.」

「Meanwhile, as crude oil prices, which had continued to trend downward, began to recover, the Company worked to secure operating profit by reviewing retail prices and taking other measures.」

「Crude oil prices remain volatile and purchase costs continue to rise, but the Company will pursue further operating efficiencies to secure operating profit.」

「Although fuel and lubricant expenses and material costs declined as a result of introducing higher-performance vehicles, operating profit was ¥71 million, down 38.6% year on year, and ordinary profit was ¥71 million, down 44.3%.」

「In the automotive fuel sales division of the sales business, procurement costs continued to rise amid volatility in crude oil prices. We strengthened sales activities by pursuing further efficiency improvements to secure operating profit and promoting the provision of even more attentive service to customers.」

「In the automotive fuel sales division of the Sales business, sales prices and purchase costs continue to rise as a result of persistently high crude oil prices.」

「Revenue for the first quarter of the fiscal year was ¥4,176 million, up 1.7% year on year. However, expenses increased from the previous fiscal year due to higher fuel unit prices, costs incurred for autonomous driving demonstration testing, and higher training expenses for newly hired drivers as a result of continued efforts to strengthen driver recruitment.」

「As a result, cash outflows from financing activities may increase. On the other hand, fuel efficiency will improve substantially, reducing the risk from fluctuations in fuel prices.」

「In the Sales business, sales prices and purchase costs in the automotive fuel sales division continue to rise as a result of higher sales prices.」

「In the Sales business, sales revenue in the automotive fuel sales division increased as a result of higher sales prices, while purchase costs also rose.」

「In the Sales business, revenue in the automotive fuel sales division declined as a result of lower sales prices and volume. The Company worked to reduce personnel expenses and other operating costs, while strengthening sales activities by promoting the provision of attentive service to customers. As a result, revenue in the Sales business was ¥3,256 million, down 12.1% year on year, and operating profit was ¥161 million, down 44.7%.」

「In the automotive fuel sales division of the sales business, revenue declined due to lower selling prices and volumes. We worked to reduce personnel expenses and other costs, while strengthening sales activities by promoting the provision of attentive service to customers.」

「In the automotive fuel sales division of the sales business, revenue declined as crude oil prices continued at low levels. We worked to reduce personnel expenses and other costs, while strengthening sales activities by promoting the provision of attentive service to customers.」

「In the automotive fuel sales division of the Sales business, revenue declined by ¥95 million due in part to the impact of lower crude oil prices, resulting in revenue of ¥4,047 million, down 6.2% year on year.」

「In the automotive fuel sales division of the Sales business, revenue declined by ¥502 million due to the fall in crude oil prices, resulting in revenue of ¥17,181 million, down 3.9% year on year.」