Crude Oil Price Volatility Risk
First written in FY2016. 11 of 22 entries say "Restated". Latest entry: 2026-06-05.
Star Flyer moved to the "Worse" side of this theme in 2021, the same year as the typical company in this theme.
1 other company's latest entry also says "Worsened".
- 2026-06-05WorsenedGeneral Meetings of Shareholders
「The attack on Iran by the United States and Israel that began in February 2026 has heightened the risk of fluctuations in foreign-exchange rates and, in particular, crude oil prices due to increased uncertainty and instability in the Middle East.」
A statement was added that the risk of crude oil price fluctuations had increased against the backdrop of instability in the Middle East. - FY2024-Q3MaterialisedAnnual report
「In addition to persistently high crude oil prices amid increasing air travel demand, the increase in the number of flights resulted in higher variable costs, including fuel costs.」
Persistently high crude oil prices, together with the increase in the number of flights, continue to be reflected in business performance through higher variable costs, including fuel costs. - FY2024-Q2MaterialisedAnnual report
「In addition to persistently high crude oil prices amid increasing air travel demand, the increase in the number of flights resulted in higher variable costs, including fuel costs.」
Persistently high crude oil prices continue to be reflected in business performance through higher variable costs, including fuel costs. - FY2024-Q1RestatedAnnual report
「Regarding market trends, crude oil prices were at lower levels than in the same period of the previous year, while the yen was weaker against foreign currencies than in the same period of the previous year.」
Although crude oil prices were lower year on year, there was no change in the risk itself that fluctuations in crude oil prices would affect fuel costs and business performance. - FY2023RestatedAnnual report
「Fuel costs also increased because crude oil prices remained at high levels.」
The impact on business performance of high crude oil prices and higher fuel costs was also confirmed for the full fiscal year, and the materialization of crude oil price fluctuation risk has continued. - FY2023-Q3MaterialisedAnnual report
「Foreign-currency-denominated equipment and maintenance costs and other expenses increased because the yen was weaker than in the same period of the previous year, while fuel costs also increased because crude oil prices remained at high levels.」
The continued high level of crude oil prices is reflected in business performance through higher fuel costs. - FY2023-Q2MaterialisedAnnual report
「Regarding market trends, crude oil prices had been trending upward from the beginning of the fiscal period and were at higher levels than in the same period of the previous year.」
Crude oil prices remained on an upward trend and at high levels, and fuel costs also increased. The impact of crude oil price fluctuation risk continues to be reflected in business performance. - FY2023-Q1MaterialisedAnnual report
「However, rising crude oil prices and a significant depreciation of the yen had a material impact on business performance. We recorded a quarterly net loss of ¥1,415 million for the cumulative first-quarter period, compared with a quarterly net loss of ¥1,581 million in the same period of the previous year, and total net assets had declined to ¥1,198 million as of the end of the first-quarter accounting period.」
Crude oil prices rose from the beginning of the fiscal period and were also at higher levels year on year, with the impact of crude oil price fluctuation risk becoming apparent in business performance through higher fuel costs. - FY2022-Q3RestatedAnnual report
「Regarding market trends, crude oil prices followed an upward trend from the beginning of the fiscal period and were at higher levels than in the same period of the previous year.」
The document continues to describe the upward trend in crude oil prices and their higher levels year on year. No material change is indicated in the external environment leading to higher fuel costs. - FY2022-Q2WorsenedAnnual report
「Regarding market trends, crude oil prices followed an upward trend from the beginning of the fiscal period and were at higher levels than in the same period of the previous year.」
Crude oil prices followed an upward trend from the beginning of the fiscal period and were also at higher levels year on year, indicating an external environment that leads to higher fuel costs. - FY2022-Q1WorsenedAnnual report
「Regarding market trends, crude oil prices followed an upward trend from the beginning of the fiscal period and were at higher levels than in the same period of the previous year.」
Crude oil prices followed an upward trend from the beginning of the fiscal period and were also at higher levels year on year, indicating an external environment that leads to higher fuel costs. - FY2021RestatedAnnual report
「Our air transportation business is affected by fluctuations in crude oil prices because it uses aircraft fuel. Depending on changes in crude oil prices resulting from the future supply-demand balance in international crude oil markets, political instability in oil-producing countries and the inflow of speculative funds into crude oil markets, fuel costs may rise and have a material impact on business performance.」
The document continues to describe the impact of crude oil price fluctuations on fuel costs and business performance, as well as hedging through commodity swaps and other instruments. - FY2020-Q3RestatedAnnual report
「Regarding market trends, crude oil prices followed a downward trend from the beginning of the fiscal period and reached lower levels than in the same period of the previous year.」
Crude oil prices followed a downward trend from the beginning of the fiscal period and were also at lower levels year on year. No material change is described in the risk itself of fluctuations in crude oil prices affecting fuel costs. - FY2020-Q2RestatedAnnual report
「Regarding market trends, crude oil prices followed a downward trend from the beginning of the fiscal period and reached lower levels than in the same period of the previous year.」
The document states that crude oil prices followed a downward trend from the beginning of the fiscal period and were at lower levels year on year. No material change is described in the risk itself of fluctuations in crude oil prices affecting fuel costs. - FY2019-Q3RestatedAnnual report
「Regarding market trends, crude oil prices followed an upward trend from the beginning of the fiscal period and, although they turned downward at the end of the quarter, were at higher levels than in the same period of the previous year.」
Although crude oil prices turned downward at the end of the quarter, they remained at higher levels year on year. The document continues to describe an external environment that leads to higher fuel costs. - FY2019-Q2RestatedAnnual report
「Regarding market trends, crude oil prices followed an upward trend from the beginning of the fiscal period and were also at higher levels than in the same period of the previous year.」
The document states that crude oil prices have trended upward since the beginning of the fiscal period and were also at higher levels year on year, continuing to indicate an external environment that leads to higher fuel costs. - FY2018WorsenedAnnual report
「Regarding market trends, crude oil prices followed a moderate downward trend from the beginning of the fiscal period, then turned upward and reached higher levels than in the previous fiscal year.」
Crude oil prices turned from a downward trend at the beginning of the fiscal period to an upward trend and reached higher levels than in the previous fiscal year, creating an external environment that led to higher fuel costs. - FY2018-Q3WorsenedAnnual report
「Regarding market trends, crude oil prices followed a moderate downward trend from the beginning of the year, then turned upward and remained at higher levels than in the same period of the previous year.」
Crude oil prices turned from a downward trend since the beginning of the year to an upward trend and were also at higher levels year on year. The document describes changes in the external environment that lead to higher fuel costs. - FY2018-Q2RestatedAnnual report
「Regarding market trends, crude oil prices followed a moderate downward trend from the beginning of the year, but remained at higher levels than in the same period of the previous year.」
The document states that crude oil prices have trended downward since the beginning of the year but remained at higher levels year on year. - FY2017RestatedAnnual report
「The Company conducts fuel derivative transactions and other activities to hedge, or mitigate, the risk of fluctuations in crude oil prices. However, depending on changes in crude oil prices caused by the future supply-demand balance in international crude oil markets, political instability in oil-producing countries and the inflow of speculative funds into crude oil markets, fuel costs may rise and materially affect results.」
The document continues to describe hedging through fuel derivatives and the risk of higher fuel costs resulting from fluctuations in crude oil prices. - FY2017-Q3RestatedAnnual report
「Crude oil prices and foreign exchange rates remain volatile. Although crude oil prices have continued to trend upward, they have remained at lower levels than in the same period of the previous year.」
The document continues to describe the external environment for fuel prices, stating that crude oil prices, while trending upward, have remained at lower levels year on year. - FY2016First statedAnnual report
「The Company conducts fuel derivative transactions and other activities to hedge, or mitigate, the risk of fluctuations in crude oil prices. However, depending on changes in crude oil prices caused by the future supply-demand balance in international crude oil markets, political instability in oil-producing countries and the inflow of speculative funds into crude oil markets, fuel costs may rise and materially affect results.」
The Company hedges through fuel derivatives while identifying higher fuel costs resulting from rising crude oil prices as a risk.