KAMEI CORPORATION
8037・Prime Market・Wholesale Trade
Energy Business
The largest segment of the Kamei Group. A comprehensive energy business selling petroleum products, LP gas, and environmental products.
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment net sales (external customers + internal, full year) | ¥282,733 million | ¥286,865 million | ↓ |
| Net sales to external customers (full year) | ¥279,608 million | ¥282,681 million | ↓ |
| Segment profit (full year) | ¥7,456 million | ¥5,843 million | ↑ |
| Segment assets (fiscal year-end) | ¥74,633 million | ¥73,322 million | ↑ |
| Depreciation and amortization (full year) | ¥1,518 million | ¥1,502 million | ↑ |
| Increase in tangible and intangible fixed assets (full year) | ¥1,779 million | ¥2,315 million | ↓ |
| Goodwill amortization (full year) | ¥356 million | ¥132 million | ↑ |
Business Details
Sells gasoline, kerosene, light oil, heavy oil, and LP gas as an agency for ENEOS and others, and also handles environmental products such as solar power generation and LED. Composed of three pillars—Petroleum Products Sales (Industrial Fuel Oil, Gasoline, etc.), Gas Station Operations, and LP Gas Sales—it is the largest segment, accounting for approximately 48% of the Group's consolidated net sales. In August 2025, the company made Suehiro Gas Co., Ltd. a subsidiary to strengthen the LP gas business. It is also working to expand sales of decarbonization products and build new revenue foundations, such as the Hyakunen Solar Tohoku project.
Recent Overview
Net sales decreased 1.1% year on year, but segment profit increased significantly by 27.6%, sharply improving profitability.
In the Energy Business for FY2026 (ending March 2026), net sales were ¥279,608 million (down 1.1% year on year) due to crude oil price fluctuations caused by escalating tensions in the Middle East and a structural decline in demand for petroleum products. On the other hand, segment profit improved significantly to ¥7,456 million (up 27.6% year on year) due to improved purchasing cost management and progress in passing on costs to prices. In August 2025, the company made Suehiro Gas Co., Ltd. a subsidiary to strengthen the LP gas business, and also began building new revenue foundations, such as launching the Hyakunen Solar Tohoku project.
Key Products
Growth Drivers
- Expansion of the LP gas business's customer base and business rights through Suehiro Gas Co., Ltd. joining the Group
- Expansion of sales of decarbonization products such as the next-generation biodiesel fuel "SUSTEO" and "Carbon-Offset LP Gas"
- Strengthening total services such as the opening of new car coating pro shops at gas stations
- Acquisition of new LP gas customers through the expansion of the "Sumile Set Discount" with Tohoku Electric Power
- Acquisition and consolidation of solar power plants in the Tohoku area and long-term stable operation through the Hyakunen Solar Tohoku project
- Promotion of new customer acquisition and deeper penetration sales activities for industrial fuel oil
Risks
- Long-term decline in sales volume of petroleum products due to structural demand decrease (population decline, energy conservation, EV adoption, etc.)
- Intensifying competition for customer acquisition from other industries due to full liberalization of electricity and city gas retail and entry of renewable energy providers
- Risk of rising procurement costs due to fluctuations in crude oil prices and LP gas import prices
- Risk of energy prices remaining elevated due to prolonged situations in Ukraine and the Middle East
- Risk of impairment of fixed assets (an impairment loss of ¥1,471 million was recorded company-wide, including the Energy Business, on a consolidated basis for FY2026 (ending March 2026))
- Uncertainty in the business environment due to fluctuations in international conditions, including US tariff policy
Last updated: June 25, 2026