Fluctuations in fuel costs and procurement disruptions caused by fuel prices, foreign exchange rates and supplier conditions
First written in FY2016. 24 of 36 entries say "Materialised", first in FY2017-Q1. Latest entry: 2026-07-29.
Chubu Electric Power Company moved to the "Worse" side of this theme in 2016, 1 year before the typical company in this theme (2017).
The whole theme swung hardest in 2017: 5 of 8 companies on the "Worse" side.
2 other companies' latest entry also says "Materialised".
- 2026-07-29MaterialisedFinancial results presentation
「While the earnings of JERA’s domestic thermal power and gas businesses improved due to changes in the business environment, including the situation in the Middle East, ミライズ experienced higher power procurement costs. Although fuel prices, wholesale electricity trading market prices and other factors underlying the earnings outlook remain uncertain due to the situation in the Middle East and other factors,」
The company disclosed that higher power procurement costs at ミライズ were reflected in actual results against the backdrop of the situation in the Middle East and other factors, and that fuel prices and wholesale electricity trading market prices underlying the full-year earnings outlook remained uncertain. - FY2026WorsenedAnnual report
「Factors include geopolitical risks such as conflicts in the Middle East and Europe and conditions in Asia, persistently high fuel prices and continuing disruptions to supplies of petroleum products, high fuel price volatility including foreign exchange fluctuation risk, a significant increase in fuel demand arising from global climate and economic trends, higher prices, wages and interest rates, intensifying competition in the retail business, and changes to the electricity business framework.」
For fuel price, foreign exchange and supplier risks, the company broadly lists geopolitical conditions, supply disruptions, increased demand, and prices and interest rates as factors, and describes heightened uncertainty. It also outlines responses including revisions to standard rate menus, futures hedging and supplier diversification. - FY2026-H1Shift to a positive margin effect from the time lagAnnual report
「Profit increased by ¥8.3 billion from the first half of the previous fiscal year to ¥196.2 billion, mainly because the time lag before fluctuations in fuel prices and other factors were reflected in electricity sales prices shifted from a negative margin effect to a positive margin effect.」
The time lag associated with fluctuations in fuel prices and other factors shifted from a negative margin effect to a positive margin effect, contributing to an increase in consolidated ordinary profit. - FY2025WorsenedAnnual report
「However, supply-demand conditions and market prices may fluctuate significantly because of worsening political, economic and social conditions, including the expansion and prolongation of impacts arising from geopolitical risks such as conflicts in Europe and conditions in the Middle East and Asia, weather fluctuations, and equipment or operating problems at suppliers.」
For fuel and electricity price risk, the company explicitly identifies conflicts in Europe, conditions in the Middle East and Asia, weather, and equipment or operating problems at suppliers as sources of volatility, in addition to conventional fuel price and foreign exchange fluctuations. - FY2025-H1WorsenedAnnual report
「Ordinary profit decreased by ¥189.3 billion from the first half of the previous fiscal year to ¥187.9 billion, mainly because the positive margin effect from the time lag before fluctuations in fuel prices and other factors were reflected in electricity sales prices declined, the proportion of power procured through the wholesale electricity market at ミライズ fell, and costs related to supply-demand balancing at パワーグリッド increased.」
In addition to the decline in the positive margin effect from the time lag associated with fluctuations in fuel prices and other factors, the lower proportion of power procurement and higher supply-demand balancing costs contributed to a ¥189.3 billion year-on-year decline in consolidated ordinary profit. - FY2024-Q3Improvement in the earnings impact of fuel price fluctuationsAnnual report
「Ordinary profit increased by ¥464.8 billion from the first nine months of the previous fiscal year to ¥436.9 billion, mainly because the time lag before fluctuations in fuel prices and other factors were reflected in electricity sales prices shifted from a negative margin effect to a positive margin effect, procurement prices for power sources at ミライズ fell, and costs related to supply-demand balancing at パワーグリッド declined.」
The time lag associated with fluctuations in fuel prices and other factors shifted from a negative margin effect to a positive margin effect, and the decline in power procurement prices and other factors contributed to a ¥464.8 billion year-on-year improvement in consolidated ordinary profit or loss. - FY2024-Q2Earnings impact from fuel price fluctuations turned into a positive margin effectAnnual report
「Ordinary profit increased by ¥400.3 billion from the first half of the previous fiscal year to ¥377.3 billion, mainly because the time lag before fluctuations in fuel prices and other factors were reflected in electricity sales prices shifted from a negative margin effect to a positive margin effect, procurement costs for power sources at ミライズ fell, and costs related to supply-demand balancing at パワーグリッド declined.」
The time lag associated with fluctuations in fuel prices and other factors shifted from a negative margin effect to a positive margin effect, and the reduction in power procurement costs and other factors contributed to a ¥400.3 billion year-on-year improvement in consolidated ordinary profit or loss. - FY2024-Q1Earnings impact from fuel price fluctuations turned into a positive margin effectAnnual report
「Ordinary profit increased by ¥210.7 billion from the first quarter of the previous fiscal year to ¥242.9 billion, mainly because the time lag before fluctuations in fuel prices and other factors were reflected in electricity sales prices shifted from a negative margin effect to a positive margin effect, and because ミライズ’s profit increased as a result of higher revenue following revisions to its standard menus for extra-high-voltage and high-voltage customers.」
The time lag before fluctuations in fuel prices and other factors were reflected in sales prices shifted from a negative margin effect to a positive margin effect, contributing to a ¥210.7 billion year-on-year increase in consolidated ordinary profit. - FY2023-Q3WorsenedAnnual report
「Ordinary loss deteriorated by ¥22.7 billion from the cumulative consolidated period of the previous third quarter to ¥27.8 billion. Income and expenses deteriorated significantly due to a ¥94.0 billion expansion in the loss from the timing difference before fuel price fluctuations were reflected in electricity sales prices, resulting from surging fuel prices, and increased power grid balancing costs, despite increased profit from JERA's fuel trading business and other factors.」
The loss from the timing difference accompanying the surge in fuel prices expanded by ¥94.0 billion, while higher power grid balancing costs also contributed, resulting in a ¥22.7 billion year-on-year deterioration in consolidated ordinary income and a loss of ¥27.8 billion. - FY2023-Q2WorsenedAnnual report
「However, supply and demand conditions and market prices may fluctuate significantly due to worsening political, economic and social conditions, including the expanding impact of conflicts in Europe, weather fluctuations, and equipment or operating problems at suppliers. In such cases, financial position, operating results and cash flows may be affected by changes in procurement costs, differences between procurement and sales prices, and fluctuations in electricity market and wholesale prices.」
The risk of fluctuations in fuel and electricity prices is described in specific terms, including conflicts in Europe, weather conditions, and equipment and operating problems at suppliers as new sources of volatility. The results also disclose an expansion of the loss from the timing difference accompanying the surge in fuel prices by ¥137.0 billion and higher power procurement costs. At the same time, measures including the review of standard plans in April 2023, reflecting JEPX prices in the fuel cost adjustment, diversifying suppliers, and upgrading risk management are also presented. - FY2023-Q1MaterialisedAnnual report
「Ordinary profit decreased by ¥16.3 billion from the cumulative consolidated period of the previous first quarter to ¥32.2 billion. Although profit at Miraiz increased as a result of reviewing sales prices based on the supply costs for each customer, the loss from the timing difference before fuel price fluctuations were reflected in electricity sales prices expanded as fuel prices surged.」
The expansion of the loss from the timing difference accompanying the surge in fuel prices appeared in the results as a ¥16.3 billion year-on-year decrease in consolidated ordinary profit. - FY2022-Q3MaterialisedAnnual report
「Ordinary income decreased by ¥196.6 billion from the cumulative consolidated period of the previous third quarter, resulting in an ordinary loss of ¥5.1 billion. Although profit increased from JERA's LNG and coal trading businesses and income and expenses improved following the impact of COVID-19, ordinary income was affected by the timing difference before fuel price fluctuations were reflected in electricity sales prices turning from a gain to a loss, deteriorating income and expenses at Miraiz due to competition, and higher power procurement costs resulting from surging wholesale electricity market prices.」
The timing difference related to fuel prices turned from a gain to a loss, while higher power procurement costs resulted from surging wholesale electricity market prices, causing consolidated ordinary income to deteriorate by ¥196.6 billion year on year and resulting in an ordinary loss of ¥5.1 billion. - FY2022-Q2MaterialisedAnnual report
「Ordinary profit decreased by ¥82.8 billion from the cumulative consolidated period of the previous second quarter to ¥63.6 billion. Although profit increased from JERA's LNG and coal trading businesses and income and expenses improved following the impact of COVID-19, ordinary profit was affected by the timing difference before fuel price fluctuations were reflected in electricity sales prices turning from a gain to a loss, deteriorating income and expenses at Miraiz due to competition, and higher power procurement costs resulting from rising wholesale electricity market prices.」
The timing difference related to fuel price fluctuations turned from a gain to a loss, while higher wholesale electricity market prices also increased procurement costs, resulting in an ¥82.8 billion year-on-year decrease in ordinary profit. - FY2022-Q1MaterialisedAnnual report
「Ordinary profit increased by ¥0.3 billion from the cumulative consolidated period of the previous first quarter to ¥48.5 billion. Although the timing difference before fuel price fluctuations were reflected in electricity sales prices turned from a gain to a loss, and Chubu Electric Power Miraiz Co., Inc. was affected by competition and higher power procurement costs due to rising wholesale electricity market prices, the increase in JERA's profit more than offset these factors.」
The timing difference related to fuel price fluctuations turned from a gain to a loss, while higher wholesale electricity market prices also increased power procurement costs. The impact of fluctuations in fuel prices and procurement costs continued to appear in earnings. - FY2021MaterialisedAnnual report
「Ordinary profit increased by ¥0.4 billion from the previous consolidated fiscal year to ¥192.2 billion. Although ordinary profit was affected by the impact of COVID-19, including lower electricity sales volume, of approximately ¥30.0 billion, and by the narrowing of gains from the timing difference before fuel price fluctuations were reflected in electricity sales prices, this was more than offset by increased earnings from efforts to improve management efficiency across the group, electricity transfers outside the Chubu area implemented amid tight supply and demand conditions this winter, and the rebound from losses related to LNG sales incurred by JERA in the previous consolidated fiscal year.」
Fluctuations related to fuel and electricity prices, including the approximately ¥30.0 billion impact of COVID-19, the narrowing of gains from the timing difference related to fuel price fluctuations, and the rebound from losses related to LNG sales, appeared in the full-year income and expenses. - FY2021-Q3MaterialisedAnnual report
「[JERA] Ordinary income from the fuel upstream and procurement businesses through power generation and sales of electricity and gas increased by ¥19.4 billion from the same period of the previous year to ¥88.6 billion, mainly due to an increase in time-lag gains, despite the impact of COVID-19 and other factors.」
The increase in the gain from the timing difference before fuel price fluctuations were reflected in electricity sales prices appeared in the results as a ¥19.4 billion year-on-year increase in JERA's ordinary profit. - FY2021-Q2MaterialisedAnnual report
「Ordinary income from the fuel upstream and procurement businesses through power generation and sales of electricity and gas decreased by ¥14.3 billion from the same period of the previous year to ¥48.0 billion, despite an increase in time-lag gains, mainly due to the impact of COVID-19 and the reversal of gains on the sale of overseas power projects and other assets recorded in the same period of the previous year.」
Although the gain from the timing difference before fuel price fluctuations were reflected in electricity sales prices increased, ordinary profit from JERA's upstream fuel, procurement and sales businesses decreased by ¥14.3 billion year on year. The impact of fuel price fluctuations continued to appear in earnings. - FY2021-Q1MaterialisedAnnual report
「Ordinary income from the fuel upstream and procurement businesses through power generation and sales of electricity and gas decreased by ¥36.3 billion from the same period of the previous year to ¥11.5 billion, due to the narrowing of time-lag gains, gains on the sale of overseas power projects recorded in the same period of the previous year, and LNG-related losses resulting from lower electricity sales volumes, among other factors.」
Losses related to LNG arose as electricity sales volume declined, with fluctuations in revenue from fuel and electricity sales appearing in the results as a decrease in JERA's ordinary profit. - FY2020-Q3MaterialisedAnnual report
「[JERA] Ordinary income from the fuel upstream and procurement businesses through power generation and wholesale sales of electricity and gas increased by ¥69.4 billion from the same period of the previous year to ¥69.1 billion, mainly because the time-lag impact of changes in fuel prices being reflected in electricity sales prices shifted from a loss to a gain.」
The timing difference before fuel price fluctuations were reflected in sales prices turned from a loss to a gain, increasing JERA's ordinary profit by ¥69.4 billion year on year. - FY2020-Q2MaterialisedAnnual report
「[JERA] Ordinary income from the fuel upstream and procurement businesses through power generation and wholesale sales of electricity and gas increased by ¥54.6 billion from the same period of the previous year to ¥62.3 billion, mainly because the time-lag impact of changes in fuel prices being reflected in electricity sales prices shifted from a loss to a gain.」
The timing difference before fuel price fluctuations were reflected in electricity sales prices turned from a loss to a gain, increasing JERA's ordinary profit by ¥54.6 billion year on year. The impact of fuel price fluctuations appeared in the current quarter's income and expenses. - FY2020-Q1MaterialisedAnnual report
「Ordinary expenses increased by ¥49.9 billion from the cumulative consolidated period of the previous first quarter to ¥660.7 billion, due mainly to higher purchased-power costs resulting from higher fuel prices.」
Higher fuel prices increased purchased-power costs, resulting in a ¥49.9 billion year-on-year increase in ordinary expenses. - FY2019MaterialisedAnnual report
「営業費用は，グループを挙げた経営効率化に努めてきたが，燃料価格の上昇に伴う燃料費の増加などから，前連結会計年度と比べ1,923億円増加し2兆9,091億円となった。」
Higher fuel prices increased fuel costs, resulting in a ¥192.3 billion year-on-year increase in operating expenses in the full-year results. - FY2019-Q3MaterialisedAnnual report
「On the cost side, ordinary expenses increased by ¥165.9 billion from the cumulative consolidated period of the previous third quarter to ¥2,128.4 billion, due mainly to higher fuel costs resulting from higher fuel prices and increased purchase costs for renewable energy.」
Higher fuel prices and increased renewable energy purchase costs appeared in the results as a ¥165.9 billion year-on-year increase in ordinary expenses. - FY2019-Q2MaterialisedAnnual report
「On the cost side, ordinary expenses increased by ¥93.1 billion from the cumulative consolidated period of the previous second quarter to ¥1,407.1 billion, due mainly to higher fuel costs resulting from higher fuel prices and increased purchase costs for renewable energy.」
Higher fuel prices increased fuel costs, together with increases in renewable energy purchase costs and other items, resulting in a ¥93.1 billion year-on-year increase in ordinary expenses. - FY2019-Q1MaterialisedAnnual report
「Operating expenses increased by ¥3.5 billion from the cumulative consolidated period of the previous first quarter to ¥233.5 billion, due mainly to higher fuel costs resulting from higher fuel prices.」
In the power generation segment, higher fuel prices increased operating expenses by ¥3.5 billion year on year through higher fuel costs, with the impact of fuel price fluctuations appearing in the results. - FY2018MaterialisedAnnual report
「Operating expenses increased by ¥249.7 billion from the previous consolidated fiscal year to ¥2,716.8 billion, due mainly to higher fuel costs resulting from higher fuel prices, despite efforts to improve management efficiency across the group.」
Higher fuel prices increased operating expenses by ¥249.7 billion through higher fuel costs, appearing in the full-year results. - FY2018-Q3MaterialisedAnnual report
「On the cost side, ordinary expenses increased by ¥207.3 billion from the cumulative consolidated period of the previous third quarter to ¥1,962.4 billion, due mainly to higher fuel costs resulting from higher fuel prices.」
Higher fuel prices appeared in the current third quarter's income and expenses as increases in fuel costs and ordinary expenses. - FY2018-Q2MaterialisedAnnual report
「On the cost side, ordinary expenses increased by ¥163.1 billion from the cumulative consolidated period of the previous second quarter to ¥1,314.0 billion, due mainly to higher fuel costs resulting from higher fuel prices.」
Higher fuel prices appeared in the income and expenses for the cumulative consolidated period of the current second quarter as increases in fuel costs and ordinary expenses. - FY2018-Q1MaterialisedAnnual report
「On the cost side, ordinary expenses increased by ¥89.8 billion from the cumulative consolidated period of the previous first quarter to ¥632.0 billion, due mainly to higher fuel costs resulting from higher fuel prices.」
Higher fuel prices appeared in the first quarter's income and expenses as increases in fuel costs and ordinary expenses. - FY2017MaterialisedAnnual report
「On the cost side, ordinary expenses decreased by ¥117.2 billion from the previous consolidated fiscal year to ¥2,500.5 billion, due mainly to lower fuel costs resulting from lower fuel prices.」
The impact of lower fuel prices appeared in the current fiscal year's income and expenses through declines in fuel costs and ordinary expenses. - FY2017-Q3MaterialisedAnnual report
「On the cost side, ordinary expenses decreased by ¥172.5 billion from the cumulative consolidated period of the previous third quarter to ¥1,755.1 billion, due mainly to lower fuel costs resulting from lower fuel prices.」
The impact of lower fuel prices on fuel costs and ordinary expenses appeared in the current quarter's income and expenses. - FY2017-Q2MaterialisedAnnual report
「On the cost side, ordinary expenses decreased by ¥128.0 billion from the cumulative consolidated period of the previous second quarter to ¥1,150.8 billion, due mainly to lower fuel costs resulting from lower fuel prices.」
Fuel price fluctuations affected fuel costs and ordinary expenses, appearing in the current period's income and expenses. - FY2017-Q1MaterialisedAnnual report
「On the cost side, ordinary expenses decreased by ¥69.7 billion from the cumulative consolidated period of the previous first quarter to ¥542.2 billion, due mainly to lower fuel costs resulting from lower fuel prices.」
The disclosure states that lower fuel prices affected ordinary expenses in the current quarter through a decline in fuel costs. - FY2016First statedAnnual report
「Fuel costs for LNG (liquefied natural gas), coal, crude oil and other fuels may be affected by fluctuations in market prices and foreign exchange rates. However, the impact on earnings is mitigated within a certain range through the fuel cost adjustment system, which reflects changes in fuel prices in electricity rates.」
The decline in fuel costs accompanying lower fuel prices was reflected in the current fiscal year's results, indicating that price fluctuations affected actual income and expenses.