Higher operating expenses due to soaring fuel oil prices
First written in FY2018-Q1. 16 of 23 entries say "Restated". Latest entry: 2026-08-05.
The whole theme swung hardest in 2018: 6 of 10 companies on the "Worse" side.
2 other companies' latest entry also says "Restated".
- 2026-08-05RestatedRevisions to earnings forecasts
「また、下期につきましては、中東情勢をはじめとする海運市況や燃料油価格、為替レートなど不透明な経営環境にありますが、当初の予算を踏襲し、中間期において上方修正する影響で通期の連結業績予想も上記のとおり見直します。」
下期の不透明要因として燃料油価格を引き続き列挙している。燃料油価格の変化や追加対応については記載していない。 - FY2025RestatedAnnual report
「The group has introduced bunker surcharges with certain shippers to reduce the impact of price fluctuations and passes higher costs on to freight rates. However, if it cannot pass on the full increase, the group's operating results and financial condition may be affected.」
The company recognizes the risk of higher fuel oil prices and continues to pass on higher costs through bunker surcharges for certain shippers and other measures. - FY2024-Q3MitigatedAnnual report
「Meanwhile, total operating expenses, including fuel costs, declined.」
Total operating expenses, including fuel costs, declined, reducing the cost burden from higher fuel prices during the cumulative quarter. - FY2024-Q1MitigatedAnnual report
「In terms of operating income, operating expenses and total operating expenses declined as fuel oil prices fell, but the substantial decrease in operating revenue resulted in operating income of ¥386 million (a loss of ¥226 million in the same period, down 36.9%).」
The decline in fuel oil prices reduced operating expenses and total operating expenses, easing the cost burden from higher fuel prices during the quarter. However, operating income in the ocean-going shipping business declined 36.9% year on year due to lower operating revenue. - FY2023RestatedAnnual report
「Operating expenses increased substantially because chartered vessels decreased, in-house operations increased and operating expenses rose due to soaring fuel oil prices, resulting in operating income of ¥1,766 million (a loss of ¥171 million in the same period, down 8.8%).」
The risk of higher operating expenses due to soaring fuel oil prices continues. Although revenue was supplemented by bunker surcharges and other measures, operating income from ocean-going operations declined 8.8% year on year. - FY2023-Q3RestatedAnnual report
「In terms of operating income, total operating expenses increased due to higher fuel oil prices and other factors, including higher operating expenses, but the substantial increase in operating revenue resulted in operating income of ¥1,766 million (¥305 million in the same period, up 20.9%).」
The risk of higher operating expenses due to soaring fuel oil prices continues, but the increase in operating revenue exceeded the increase in expenses, and operating income in the ocean-going shipping business rose 20.9% year on year. - FY2023-Q2WorsenedAnnual report
「In terms of operating income, operating income was ¥50 million (negative ¥8 million in the same period, down 14.0%) due to higher operating expenses and increased charter hire rates resulting from soaring fuel oil prices.」
Higher fuel oil prices actually affected profits in the coastal shipping business by increasing operating expenses, and operating income was ¥50 million, down 14.0% year on year. - FY2023-Q1RestatedAnnual report
「In terms of operating income, total operating expenses increased due to higher fuel oil prices and other factors, including higher operating expenses, but the substantial increase in operating revenue resulted in operating income of ¥612 million (¥166 million in the same period, up 37.3%).」
The risk of higher operating expenses due to soaring fuel oil prices continues, but the increase in operating revenue more than offset it, and the ocean-going shipping business posted operating income up 37.3% year on year. - FY2022AdvancedAnnual report
「For vessels operated in the coastal shipping business, the company has introduced a fuel oil price adjustment charge with certain shippers from the current fiscal year to address higher expenses caused by a substantial increase in fuel prices. However, if it cannot pass on all of the increase, the group's operating results and financial condition may be affected.」
In response to the risk of higher coastal shipping operating expenses due to rising fuel prices, the company describes the specific measure of implementing a fuel oil price adjustment charge from the current fiscal year. However, it acknowledges that it may not be able to pass on all of the higher costs. - FY2022-Q2RestatedAnnual report
「It is necessary to prepare and implement measures in advance to address various future risks, including soaring bunker prices accompanying higher energy prices for crude oil, LNG, coal and other sources, resulting from reduced investment in fossil fuel development due to current environmental regulations.」
The company continues to recognize soaring bunker prices resulting from higher energy prices against the backdrop of environmental regulations as a future risk of higher operating costs. - FY2022-Q1RestatedAnnual report
「In the general cargo vessel segment, the company will negotiate higher freight rates to improve the profitability of one regularly chartered cargo vessel and will seek to introduce a bunker surcharge to address the increase in operating costs caused by higher fuel oil prices.」
The company continues to recognize the risk that higher fuel oil prices will increase operating costs and has indicated a policy of limiting the impact through freight negotiations and bunker surcharges. - FY2021RestatedAnnual report
「When fuel oil prices for vessels operated by the ocean-going shipping business rise, the company seeks to limit the impact of price fluctuations by, among other measures, entering into contracts under which shippers guarantee freight rate increases corresponding to the rise in prices. However, if the increase is not fully compensated, operating expenses will increase.」
The company continues to disclose the risk that higher fuel oil prices will increase operating expenses and has indicated a policy of limiting the impact through freight guarantee contracts with shippers, among other measures. - FY2020Change to lower earnings due to a decline in compliant-fuel pricesAnnual report
「Earnings deteriorated due to lower earnings resulting from the sharp decline in compliant-fuel prices following the decline in crude oil prices, among other factors.」
Unlike the previous increase in expenses due to soaring fuel oil prices, the sharp decline in compliant-fuel prices following the decline in crude oil prices was actually cited as a factor reducing earnings. - FY2020-Q3WorsenedAnnual report
「Earnings deteriorated due to higher costs for cleaning and preparing fuel tanks in connection with the switch to compliant fuel oil, as well as soaring prices for compliant fuel oil.」
In addition to cleaning and preparing fuel tanks in connection with the switch to compliant fuel oil, higher compliant-fuel prices were cited as an actual factor behind the deterioration in earnings. - FY2020-Q1RestatedAnnual report
「In terms of operating income, operating expenses increased due to higher fuel oil prices, including higher operating expenses and vessel expenses related to a new vessel completed in May 2019, resulting in an operating loss of ¥21 million (operating income of ¥291 million in the first quarter of the previous fiscal year).」
Higher fuel oil prices continued to be cited as a factor driving up operating expenses, and higher vessel expenses related to the new vessel also contributed, resulting in an operating loss of ¥21 million for the ocean-going shipping business. - FY2019RestatedAnnual report
「In terms of operating income, operating expenses increased due to more voyages and soaring fuel oil prices, among other factors, while charter hire expenses declined and vessel expenses, including depreciation, decreased following the sale of “NIKKEI DRAGON” to an overseas third-party entity in February 2019. As a result, total operating expenses increased only slightly.」
Although higher fuel oil prices remained a factor driving up operating expenses, the increase in total expenses was contained by lower charter hire and vessel expenses. - FY2019-Q3RestatedAnnual report
「In terms of operating income, operating expenses increased due to more voyages and soaring fuel oil prices, among other factors, but the short-term chartering incurred during the first nine months of the previous fiscal year ended, and depreciation and other expenses related to vessels scheduled for sale declined. As a result, the increase in total operating expenses was contained, resulting in operating income of ¥516 million (¥395 million in the same period, up 325.1%).」
Although higher fuel oil prices continued to be cited as a factor driving up operating expenses, the ocean-going shipping business posted operating income of ¥516 million due to the end of short-term chartering and lower depreciation expense. - FY2019-Q2RestatedAnnual report
「In terms of operating income, operating expenses increased due to more voyages and soaring fuel oil prices, among other factors, but the substantial increase in operating revenue resulted in operating income of ¥264 million (¥158 million in the same period, up 150.1%).」
Although higher fuel oil prices continued to be cited as a factor driving up operating expenses, the ocean-going shipping business turned from an operating loss in the same period of the previous year to operating income of ¥264 million. - FY2019-Q1RestatedAnnual report
「In terms of operating income, operating expenses increased due to more voyages and soaring fuel oil prices, among other factors, but the substantial increase in operating revenue resulted in operating income of ¥291 million (an operating loss of ¥116 million in the first quarter of the previous fiscal year).」
Although higher fuel oil prices continued to be cited as a factor driving up operating expenses, the ocean-going shipping business turned from an operating loss in the same period of the previous year to operating income of ¥291 million. - FY2018RestatedAnnual report
「In terms of operating income, operating expenses and charter hire expenses for short-term chartered vessels increased due to more voyages and soaring fuel oil prices, among other factors, resulting in operating income of ¥98 million (an operating loss of ¥28 million in the previous fiscal year).」
While higher fuel oil prices continued to be cited as a factor driving up operating expenses, the ocean-going shipping business turned from an operating loss in the previous year to operating income of ¥98 million. - FY2018-Q3RestatedAnnual report
「In terms of operating income, operating expenses and charter hire expenses for short-term chartered vessels increased due to more voyages and soaring fuel oil prices, among other factors, resulting in operating income of ¥121 million (an operating loss of ¥294 million in the first nine months of the previous fiscal year).」
Although higher fuel oil prices continued to be cited as a factor driving up operating expenses, the ocean-going shipping business turned from an operating loss in the same period of the previous year to operating income. - FY2018-Q2RestatedAnnual report
「In terms of operating income, operating expenses increased due to more voyages and soaring fuel oil prices, among other factors, resulting in operating income of ¥105 million (an operating loss of ¥239 million in the first six months of the previous fiscal year).」
Although higher fuel oil prices continued to be cited as a factor driving up operating expenses, the ocean-going shipping business turned from an operating loss in the same period of the previous year to operating income of ¥105 million. - FY2018-Q1First statedAnnual report
「In terms of operating income, the increase in operating expenses resulting from more voyages and soaring fuel oil prices, among other factors, resulted in an operating loss of ¥116 million (an operating loss of ¥304 million in the first quarter of the previous fiscal year).」
Higher fuel oil prices actually increased operating expenses, and the ocean-going shipping business posted an operating loss of ¥116 million.