Mitsuuroko Group Holdings Co.,Ltd.
8131・Standard Market・Wholesale Trade
Energy Business
The Group's core business centered on LP gas, petroleum, and housing equipment
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue (external customers, FY2026 ending March 2026) | ¥143,636 million | ¥153,464 million | ↓ |
| Segment profit (FY2026 ending March 2026) | ¥1,932 million | ¥2,414 million | ↓ |
| Segment assets (end of FY2026 ending March 2026) | ¥50,349 million | ¥51,062 million | ↓ |
| Depreciation (FY2026 ending March 2026) | ¥1,553 million | ¥1,586 million | ↓ |
| Increase in tangible and intangible fixed assets (FY2026 ending March 2026) | ¥2,326 million | ¥2,253 million | ↑ |
Business Details
Sells LP gas, petroleum products, housing equipment, and related services. Composed of the wholesale, retail, gas station, transportation, and other divisions, multiple consolidated subsidiaries centered on Mitsuuroko Vessel Co., Ltd. sell LP gas, city gas, petroleum-related products, and environmental energy products such as solar power generation systems and storage batteries to general household and commercial customers, and also carry out sales, installation, and renovation services for housing equipment. This is the Group's core segment, accounting for approximately 42% of Group revenue.
Recent Overview
Segment profit declined 20.0% year-on-year mainly due to decreased petroleum sales volume and increased personnel costs
In the Energy Business for FY2026 (ending March 2026), revenue decreased 6.4% year-on-year to ¥143,636 million, mainly due to a decline in petroleum sales volume (revenue of the petroleum products wholesale and retail business at 86.1% year-on-year). Segment profit fell 20.0% year-on-year to only ¥1,932 million, as the narrowing of the spread between LP gas wholesale selling price and inventory unit price, sluggish sales of residential storage batteries via door-to-door sales at Sanyu Co., Ltd., and increased SG&A expenses such as personnel costs all weighed on results. Meanwhile, LP gas retail remained solid, with gross profit at 102.6% year-on-year due to an increase in the number of customers.
Key Products
Growth Drivers
- Continued increase in the number of LP gas household and commercial customers through proactive sales activities
- Expansion of energy-efficient housing equipment sales such as GHP and hybrid water heaters (utilizing subsidies)
- Continued operation of non-fossil power sources (solar) through government subsidy adoption and improved profitability
- Increased sales of water heaters etc. to multi-family housing owners following correction of LP gas trade practices
- Progress in delivery efficiency and cost reduction via SmartOWL®, and expansion to external operators
- Customer retention through social media use and conversion to oil wholesaler brand-marked stations at directly-operated gas stations
Risks
- Structural decline in per-household LP gas usage due to spread of energy-efficient equipment and reduced water heating demand from extreme heat, etc.
- Margin compression from narrowing spread between selling price and inventory unit price in LP gas wholesale
- Declining trend in petroleum product demand (frugal consumer behavior, spread of energy-efficient equipment) and decrease in bid projects
- Impact on petroleum supply and prices from worsening Middle East tensions (e.g., closure of the Strait of Hormuz)
- Pressure on segment profit from increased SG&A expenses such as personnel and logistics costs
- Sluggish sales of residential storage batteries through door-to-door sales (Sanyu Co., Ltd.)
- Physical risks such as copper wire theft at existing power plants (risk of generation stoppage)
Last updated: June 12, 2026