Risk of higher fuel oil prices
First written in FY2016. 8 of 17 entries say "Materialised", first in FY2018-Q2. Latest entry: FY2026.
The Sumitomo Warehouse moved to the "Worse" side of this theme in 2017, 4 years before the typical company in this theme (2021).
The whole theme swung hardest in 2021: 3 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Restated".
- FY2026RestatedAnnual report
「When fuel oil prices fluctuate, the Group reflects the changes in freight rates and other charges while seeking customers' understanding. However, if prices surge, the Group may be unable to pass on the full increase in costs to freight rates and other charges, which may affect the Group's financial position and operating results.」
The risk of fluctuations and surges in fuel oil prices, and the response of reflecting them in freight rates and other charges, continues to be addressed. - 2026-05-12WorsenedEarnings
「Japan’s economy is expected to continue a gradual recovery as employment and income conditions improve, but soaring prices, including fuel oil prices, resulting from the tense situation in the Middle East could weigh on the economy.」
Concern was expressed that the situation in the Middle East could drive up fuel oil and other prices. - FY2022-Q3RestatedAnnual report
「Operating revenue rose 80.5% year on year to ¥29,989 million, owing to higher container freight rates and the recovery in container volumes from Japan and South Korea to North America. Although container-related costs, fuel expenses and chartering costs increased, the effect of higher revenue resulted in operating profit of ¥7,033 million, compared with an operating loss of ¥398 million in the same period of the previous year.」
Fuel costs and other expenses continue to increase, but the shipping business is reporting operating profit due to the effect of higher revenue. No new measures to address fuel price fluctuation risk are disclosed. - FY2022-Q2MaterialisedAnnual report
「Although container-related costs, fuel costs and other expenses increased, the effect of higher revenue resulted in operating profit of ¥2,415 million, compared with an operating loss of ¥621 million in the same period of the previous year.」
Fuel costs and other expenses increased in the shipping business, with the impact of fuel price fluctuation risk actually reflected in costs. - FY2021RestatedAnnual report
「When fuel oil prices fluctuate, the Group reflects the changes in freight rates and other charges while seeking customers' understanding. However, if prices surge, the Group may be unable to pass on the full increase in costs to freight rates and other charges, which may affect the Group's financial position and operating results.」
The risk of fluctuations and surges in fuel oil prices, and the response of reflecting them in freight rates and other charges, continue to be disclosed. - FY2021-Q3RestatedAnnual report
「Operating expenses decreased due to lower container-related costs, including repositioning costs, associated with the decrease in container transportation volumes, as well as lower fuel oil prices and other factors.」
The continued decrease in operating expenses due to lower fuel oil prices and other factors is disclosed. - FY2021-Q2MitigatedAnnual report
「Operating expenses decreased due to lower container-related costs, including repositioning costs, associated with the decrease in container transportation volumes, as well as lower fuel oil prices and other factors.」
Operating expenses decreased due to lower fuel oil prices, reducing the cost impact of higher fuel prices on the shipping business during the quarter. - FY2021-Q1MaterialisedAnnual report
「Operating expenses increased, including higher fuel costs resulting from the use of higher-priced fuel following tighter regulations on sulfur oxides emitted by marine fuel oil. As a result, the Company posted an operating loss of ¥175 million (compared with an operating loss of ¥144 million in the same period of the previous year).」
The use of higher-priced fuel following tighter sulfur oxide regulations actually affected the shipping business's operating loss through higher fuel costs. - FY2019WorsenedAnnual report
「The shipping business posted an operating loss of ¥1,671 million, compared with an operating loss of ¥76 million in the previous fiscal year, mainly due to a decrease in container transportation volumes and higher fuel costs resulting from the increase in crude oil prices.」
Higher fuel costs resulting from the increase in crude oil prices affected the expansion of the shipping business's operating loss, which increased substantially from the previous fiscal year. - FY2019-Q3MaterialisedAnnual report
「In the shipping business, handling volumes of conventional cargo increased, but container transportation volumes declined. As a result, operating revenue was ¥19,577 million, broadly in line with the same period of the previous year and down 0.1% year on year. In addition, due to higher fuel oil prices and other factors, the Company posted an operating loss of ¥1,202 million, compared with an operating loss of ¥69 million in the same period of the previous year.」
Higher fuel oil prices actually contributed to the expansion of the shipping business's operating loss, which increased from ¥69 million in the same period of the previous year to ¥1,202 million. - FY2019-Q2MaterialisedAnnual report
「In addition, partly due to higher fuel oil prices, the Company posted an operating loss of ¥802 million, compared with an operating loss of ¥49 million in the same period of the previous year.」
Higher fuel oil prices were identified as a factor behind the expansion of the shipping business's operating loss. - FY2019-Q1MaterialisedAnnual report
「In addition, partly due to higher fuel oil prices, the Company posted an operating loss of ¥479 million, compared with an operating loss of ¥90 million in the same period of the previous year.」
Higher fuel oil prices are actually identified as a factor behind the expansion of the shipping business's operating loss. - FY2018MaterialisedAnnual report
「The shipping business improved by ¥270 million from the previous fiscal year, but recorded an operating loss of ¥76 million owing to the insufficient recovery in container freight rates and higher fuel oil prices.」
Higher fuel oil prices, together with insufficient recovery in freight rates, were identified as factors behind the shipping business's operating loss. - FY2018-Q3MaterialisedAnnual report
「In the shipping business, operating revenue was ¥1.9589 billion, up 19.1% year on year, due in part to increased volumes of forest products and containers transported. However, the operating loss was ¥69 million, compared with an operating loss of ¥56 million in the same period of the previous year, owing to the insufficient recovery in freight rates and higher fuel oil prices.」
Higher fuel oil prices, together with insufficient recovery in freight rates, are actually identified as factors behind the shipping business's operating loss. - FY2018-Q2MaterialisedAnnual report
「In the shipping business, operating revenue was ¥1.315 billion, up 15.5% year on year, due in part to increased volumes of forest products and containers transported. However, the operating loss was ¥49 million, compared with operating income of ¥160 million in the same period of the previous year, owing to the delayed recovery in ocean freight rates and higher fuel oil prices.」
Higher fuel oil prices are actually identified as one factor behind the shipping business's operating loss. - FY2017RestatedAnnual report
「Fuel oil prices fluctuate due to the balance of supply and demand for crude oil, political conditions in oil-producing countries, inflows of speculative funds and other factors. A surge in fuel oil prices resulting from these factors may affect the Group's operating results.」
The risk of fluctuations and surges in fuel oil prices continues to be disclosed. - FY2016First statedAnnual report
「A surge in fuel oil prices may affect the Group's operating results.」
The essential nature of fuel oil procurement in shipping, port transportation and land transportation, together with price fluctuations caused by crude oil supply and demand and conditions in oil-producing countries, is identified as a risk.