Fluctuations in Fuel Oil and Raw Material Prices and the Risk of Supply Disruptions
First written in FY2016. 12 of 39 entries say "Materialised", first in FY2017-Q1. Latest entry: 2026-08-12.
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- FY2026WorsenedAnnual report
「In addition to the protracted war between Russia and Ukraine, the military conflict between the United States, Israel and Iran has effectively closed the Strait of Hormuz, disrupting supply chains and placing the global economy in a serious situation.」
While continuing to procure fuel and raw materials from multiple suppliers and hedge approximately 30% of fuel consumption, the company has identified supply constraints caused by war, military conflict and the effective closure of the Strait of Hormuz. - FY2024WorsenedAnnual report
「Crude oil prices, which have a significant impact on the group's results, rose against a backdrop of geopolitical risks, while fuel oil procurement costs increased by ¥106 million due to the yen's depreciation.」
Higher crude oil prices and the yen's depreciation increased fuel oil procurement costs by ¥106 million, expanding the burden on results from the fuel price and foreign exchange fluctuation risks that have continued since the previous fiscal year. - FY2024-Q3MaterialisedAnnual report
「In terms of profit, personnel expenses increased by ¥178 million, while fuel costs increased by ¥95 million as crude oil prices rose and the yen remained on a depreciating trend.」
Higher crude oil prices and the yen's depreciating trend resulted in a ¥95 million increase in fuel costs, and fuel price and foreign exchange fluctuation risks have actually appeared in results for the cumulative third-quarter period. - FY2024-Q2WorsenedAnnual report
「In terms of profit, personnel expenses increased by ¥97 million, while fuel costs increased by ¥80 million as crude oil prices rose and the yen remained on a depreciating trend.」
Higher crude oil prices and the yen's depreciating trend resulted in an ¥80 million year-on-year increase in fuel costs. As in the previous fiscal year, the burden from fuel price and foreign exchange fluctuations has appeared in results for the period. - FY2023WorsenedAnnual report
「Crude oil prices, which had been trending upward, began to decline from June last year and returned to levels preceding Russia's invasion of Ukraine, but the yen's depreciation resulted in an ¥88 million increase in fuel costs across the group, up 8.0% from the previous fiscal year.」
Although crude oil prices declined, the yen's depreciation resulted in an ¥88 million increase in fuel costs across the group, up 8.0% year on year. The burden from fuel price and foreign exchange fluctuations has appeared in annual results. - FY2023-Q3WorsenedAnnual report
「The yen's depreciation resulted in a ¥96 million increase in fuel costs across the group, up 12.1% year on year.」
Although crude oil prices declined, the yen's depreciation resulted in a 12.1% year-on-year increase in fuel costs, or ¥96 million. The burden from fuel price and foreign exchange fluctuations continues to be reflected in actual results. - FY2023-Q2WorsenedAnnual report
「In terms of profit, crude oil prices, which had been trending upward since the previous fiscal year, remained high following Russia's invasion of Ukraine, and fuel costs increased substantially by ¥83 million across the group, up 16.5% year on year, as the yen depreciated sharply.」
Persistently high crude oil prices and the yen's depreciation resulted in an ¥83 million increase in fuel costs, up 16.5% year on year, and the burden from fuel price risk has expanded. - FY2023-Q1WorsenedAnnual report
「Crude oil prices, which had been trending upward since the previous fiscal year, remained high following Russia's invasion of Ukraine, and fuel costs increased substantially by ¥52 million across the group as the yen continued to depreciate.」
The yen's depreciation compounded persistently high crude oil prices, resulting in a ¥52 million increase in fuel costs across the group. The burden from fuel price fluctuation risk has become more clearly reflected in results than in the previous fiscal year. - FY2022WorsenedAnnual report
「In terms of profit, crude oil prices continued to trend upward from the beginning of the year, and fuel costs increased by ¥286 million across the group. Looking ahead, crude oil prices are expected to remain in a high range for the time being, driven by recovery demand following the COVID-19 pandemic and Russia, an oil-producing country, suspending supplies to NATO countries, while the yen's depreciation is also expected to continue.」
Higher crude oil prices increased fuel costs by ¥286 million, and price fluctuation risk appeared in the year's results. The company also expects prices to remain in a high range due to supply stoppages by Russia and the yen's depreciation, indicating an expanded burden. - FY2022-Q3WorsenedAnnual report
「Crude oil prices continued to trend upward from the beginning of the year, and fuel costs increased by ¥203 million across the group.」
The increase in fuel costs due to higher crude oil prices continued, with the year-on-year increase reaching ¥203 million. The burden has expanded from the ¥126 million increase as of the cumulative second-quarter period. Supply constraints and surging resource prices are also cited as factors affecting the economic environment.เป็น? - FY2022-Q2MaterialisedAnnual report
「In terms of profit, crude oil prices continued to trend upward from the beginning of the year, and fuel costs increased by ¥126 million across the group.」
The increase in fuel costs due to higher crude oil prices, after crude oil prices had remained low and fuel costs had declined through the previous quarter, has appeared in actual results. - FY2022-Q1MaterialisedAnnual report
「In terms of profit, crude oil prices continued to trend upward from the beginning of the year, and fuel costs increased by ¥76 million across the group.」
The increase in fuel costs due to higher crude oil prices actually occurred, with fuel costs increasing by ¥76 million across the group in the first quarter. - FY2021WorsenedAnnual report
「To mitigate sharp fluctuations in fuel oil prices, we use deferred fuel oil price hedging transactions for approximately 30% of annual consumption. As a measure against fuel oil procurement risks, we procure from multiple suppliers and work to secure a stable supply chain, but geopolitical risks, including heightened tensions in the Middle East, could result in oil-producing countries being unable to supply fuel oil.」
While the company has disclosed measures including hedging approximately 30% of fuel oil consumption and procurement from multiple suppliers, it has newly identified the possibility of supply disruptions by oil-producing countries due to geopolitical risks, including the situation in the Middle East. - FY2021-Q3MitigatedAnnual report
「In terms of profit, crude oil prices remained low amid a global economic slowdown, and fuel costs decreased by ¥257 million, but the substantial decline in revenue resulted in an operating loss of ¥447 million (operating profit of ¥267 million in the same period of the previous year) and an ordinary loss of ¥214 million (ordinary profit of ¥527 million in the same period of the previous year).」
Crude oil prices remained low, and fuel costs decreased by ¥257 million. The burden from higher fuel prices eased, but the decline in revenue resulted in a loss. - FY2021-Q2MitigatedAnnual report
「In terms of profit, crude oil prices remained low amid a global economic slowdown, and fuel costs decreased by ¥184 million, but the substantial decline in revenue resulted in an operating loss of ¥372 million (operating profit of ¥188 million in the same period of the previous year) and an ordinary loss of ¥212 million (ordinary profit of ¥395 million in the same period of the previous year).」
As crude oil prices remained low and fuel costs decreased by ¥184 million, the pressure on profits from higher fuel prices eased during the six months ended the second quarter. The decline in revenue nevertheless resulted in a loss. - FY2021-Q1MitigatedAnnual report
「In terms of profit, crude oil prices remained low amid a global economic slowdown, and fuel costs decreased by ¥106 million, but」
Crude oil prices remained low, and fuel costs decreased by ¥106 million in the first quarter. The pressure on profits from higher fuel prices eased during the quarter. - FY2020WorsenedAnnual report
「In the passenger vessel and retail and dining businesses, there are risks to procuring food ingredients and merchandise due to disruptions in supply chain functions. To mitigate sharp fluctuations in fuel oil prices, we use deferred fuel oil price hedging transactions for approximately 30% of annual consumption.」
In addition to the existing risks associated with fuel oil and steel prices and fuel supply, the risk of supply chain disruptions affecting food ingredients and merchandise has been explicitly identified. As countermeasures, the company has disclosed deferred hedging covering approximately 30% of fuel consumption and procurement from multiple suppliers. - FY2020-Q3RestatedAnnual report
「Crude oil prices remained stable and fuel costs were flat, but」
The situation of stable crude oil prices and flat fuel costs is being reconfirmed. - FY2020-Q2RestatedAnnual report
「Crude oil prices remained stable and fuel costs were flat, but」
The situation of stable crude oil prices and flat fuel costs is being reconfirmed. - FY2020-Q1MitigatedAnnual report
「Crude oil prices remained stable and fuel costs were flat, but」
The increase in fuel costs due to higher crude oil prices did not occur during the quarter, and fuel costs remained flat. Of the risks associated with fuel price fluctuations, the burden from higher prices during the quarter has eased. - FY2019MaterialisedAnnual report
「Crude oil prices rose from the beginning of last year and fuel costs increased significantly, but the effect of higher revenue resulted in operating income of ¥883 million, up 37.8% from the previous fiscal year, and」
The increase in fuel costs due to higher crude oil prices actually occurred. However, operating profit increased year on year due to the effect of higher revenue. - FY2019-Q3MaterialisedAnnual report
「In terms of earnings, fuel costs increased as crude oil prices rose, but general and administrative expenses decreased, resulting in operating income of ¥759 million, up 37.0% year on year, and ordinary income of ¥1,059 million, up 25.2%.」
Higher fuel costs resulting from rising crude oil prices actually occurred during the cumulative third quarter, but lower general and administrative expenses led to year-on-year increases in operating income and ordinary income. - FY2019-Q1MaterialisedAnnual report
「In terms of earnings, fuel costs increased as crude oil prices rose, but general and administrative expenses decreased, resulting in operating income of ¥196 million, up 19.9% year on year, and ordinary income of ¥306 million, up 8.2%.」
Higher fuel costs resulting from rising crude oil prices actually occurred in the first quarter. However, lower general and administrative expenses led to increases in operating income and ordinary income. - FY2018MaterialisedAnnual report
「In terms of earnings, in addition to lower revenue, fuel costs increased as crude oil prices rose from the beginning of the year, resulting in operating income of ¥641 million, down 22.6% from the previous fiscal year, and ordinary income of ¥1,012 million, down 11.7%.」
Higher fuel costs resulting from rising crude oil prices actually occurred and, together with lower revenue and increases in other expenses, were factors in the declines in operating income and ordinary income. - FY2018-Q3MaterialisedAnnual report
「In terms of earnings, fuel costs increased as crude oil prices rose, and personnel expenses also increased, resulting in operating income of ¥554 million, down 20.1% year on year.」
Higher fuel costs resulting from rising crude oil prices actually occurred and, together with higher personnel expenses, were a factor in the 20.1% year-on-year decline in operating income. - FY2018-Q2MaterialisedAnnual report
「In terms of earnings, in addition to higher fuel costs as crude oil prices rose from the beginning of the year, personnel expenses increased, resulting in operating income of ¥362 million, down 27.4% year on year.」
Higher fuel costs resulting from rising crude oil prices actually occurred and, together with higher personnel expenses, led to a 27.4% year-on-year decline in operating income. - FY2018-Q1MaterialisedAnnual report
「In terms of earnings, in addition to higher fuel costs as crude oil prices rose from the beginning of the year, personnel and repair expenses increased, resulting in operating income of ¥164 million, down 25.4% year on year.」
Higher fuel costs resulting from rising crude oil prices actually occurred and were a factor in the decline in operating income. - FY2017RestatedAnnual report
「There is a risk that soaring crude oil prices will squeeze earnings and that a disruption to the supply of fuel oil itself will interfere with operations. In addition, higher steel prices may affect the construction cost of new vessels.」
The Company restated the risks that higher fuel oil and steel prices and fuel supply disruptions could affect earnings, operations and the cost of constructing new vessels. - FY2017-Q3RestatedAnnual report
「Revenue declined as lower fuel oil prices reduced the level at which the fuel oil price adjustment surcharge applied.」
The impact of lower fuel oil prices continues to be felt through lower fuel costs on the one hand and lower revenue resulting from a lower applicable level for the fuel oil price adjustment surcharge on the other. - FY2017-Q2RestatedAnnual report
「Revenue declined as lower fuel oil prices reduced the level at which the fuel oil price adjustment surcharge applied.」
Fluctuations in fuel oil prices continue to affect performance not only through lower fuel costs but also through a decline in revenue resulting from a lower applicable level for the fuel oil price adjustment surcharge. - FY2017-Q1MaterialisedAnnual report
「Revenue declined as lower fuel oil prices reduced the level at which the fuel oil price adjustment surcharge applied.」
The Company explained that fluctuations in fuel oil prices affected actual performance not only through lower fuel costs but also through a decline in revenue resulting from a lower applicable level for the fuel oil price adjustment surcharge. - FY2016First statedAnnual report
「There is a risk that soaring crude oil prices will squeeze earnings and that a disruption to the supply of fuel oil itself will interfere with operations. In addition, higher steel prices may affect the construction cost of new vessels.」
The Company identified rising crude oil prices, fuel supply disruptions and higher steel prices as risks that could affect earnings, operations and the cost of constructing new vessels. During the fiscal year, fuel costs decreased due to lower crude oil prices.