Growth in Transportation Operations Centered on Major Metropolitan Areas

「The taxi business generated higher revenue year on year as it captured tourist demand in Kamikochi and Hakuba, maintained solid performance in the shared-ride segment, and benefited to some extent from the Karuizawa office, which opened in October.」

「The bus business generated higher revenue year on year, driven by the capture of domestic and overseas demand for tourist-oriented routes serving tourist destinations in Nagano Prefecture, including Kamikochi and Hakuba, and fare revisions on certain routes in April 2025. The taxi business also generated higher revenue year on year due to the recovery of urban demand, the capture of tourist demand and support from the shared-ride segment. The railway business generated higher revenue year on year, supported by use by domestic and overseas tourists, as well as strong event and merchandise sales revenue. As a result, for the interim consolidated accounting period, operating revenue was ¥7,181,896 thousand, up 9.2% year on year, and operating profit was ¥1,270,511 thousand, up 31.5% year on year.」

「The bus business showed a clear recovery, mainly due to the capture of domestic and overseas demand for tourist-oriented routes serving tourist destinations in Nagano Prefecture, including Kamikochi and Hakuba.」

「The bus business generated higher revenue year on year, driven by strong domestic and overseas demand for tourist-oriented routes serving tourist destinations in Nagano Prefecture, including Kamikochi and Hakuba, as well as a fare revision in April 2024. The taxi business also generated higher revenue year on year due to the recovery of urban demand, the capture of tourist demand, the September 2023 fare revision and the expansion of contracted operations in the shared-ride segment. The railway business generated higher revenue year on year by capturing tourist demand. As a result, for the interim consolidated accounting period, operating revenue was ¥6,573,847 thousand, up 8.2% year on year, and operating profit was ¥965,997 thousand, up 99.5% year on year.」

「The bus business significantly increased revenue, mainly by capturing domestic and overseas demand for tourist-oriented routes serving tourist destinations in Nagano Prefecture, including Kamikochi and Hakuba. As a result, operating revenue in the transportation business was ¥12,189,816 thousand, an increase of ¥1,481,953 thousand, or 13.8%, from the previous fiscal year. Operating profit was ¥882,965 thousand, an improvement of ¥987,498 thousand from the previous fiscal year, which recorded an operating loss of ¥104,533 thousand.」

「The bus business showed a clear recovery, mainly due to the capture of domestic and overseas demand for tourist-oriented routes serving tourist destinations within the prefecture, including Kamikochi and Hakuba.」

「Although intercity express bus routes have not recovered to pre-pandemic levels, tourist-oriented routes remain on a recovery trend, driven by the capture of demand from Japan and overseas.」

「Intercity express routes showed particularly pronounced signs of recovery toward the end of the fiscal year. Tourist use recovered to some extent due to the national travel assistance program and the easing of entry restrictions, while event transportation and chartered bus use also recovered, resulting in higher revenue for the bus business as a whole compared with the previous fiscal year.」

「In the railway business, restoration work on the Tagawa Bridge, which was damaged by torrential rain in August last year, was completed and services resumed across the entire railway network in June 2022. Regular commuters, students and tourists returned, resulting in higher revenue year on year.」

「As a result, for the first 3 quarters of the fiscal year, operating revenue was ¥6,274,537 thousand, up 29.6% year on year, and the operating loss was ¥1,381,289 thousand, compared with an operating loss of ¥2,052,433 thousand in the same period of the previous year.」

「Meanwhile, passenger numbers on both express and chartered buses began to recover from the latter half of the second quarter. Commuter and student traffic also recovered on regular routes, resulting in higher revenue for the bus business as a whole year on year.」

「In the bus business, passenger numbers in the core express bus business fell sharply because of requests to refrain from going out and travelling. Services on both routes outside and within the prefecture had to be suspended or reduced, resulting in lower revenue. The taxi business also suffered a substantial decline in revenue as the number of operating vehicles was reduced in line with weaker demand for daily and tourism use resulting from requests to refrain from going out.」

「In the bus business, passenger numbers in the core express bus business fell sharply because of the impact of the novel infectious disease. In response to demand, services were reduced or suspended to 60% or less of normal levels, resulting in a substantial decline in revenue. The cancellation and suspension of group tours also reduced the utilisation rate of chartered buses, resulting in a substantial decline in revenue.」

「Specifically, these initiatives include expanding express bus routes and scaling back the chartered bus business, promoting IT adoption such as dispatching apps in the taxi business, strengthening cooperation among hotels and inns, increasing the added value of travel products for outbound travellers, and developing destination-based products for inbound visitors.」

「Revenue increased as we strengthened our ability to add express bus services, centred on the Matsumoto–Shinjuku route.」

「In the bus business, revenue increased in the express bus division as we operated services efficiently, centred on the core Matsumoto–Shinjuku route, and added services in line with demand.」

「Revenue increased in the express bus division as we deployed buses more efficiently and increased the number of services.」

「アルピコ交通大阪株式会社, established in June 2016, was absorbed into アルピコ交通株式会社 in April 2019 to improve business efficiency and strengthen the management foundation.」

「Meanwhile, revenue increased in the express and chartered bus divisions, partly because of the increase in transportation capacity centred on アルピコ交通東京株式会社.」

「Revenue increased in the express and chartered bus divisions, partly because of the increase in transportation capacity centred on アルピコ交通東京株式会社.」

「Revenue increased in the express and chartered bus divisions, partly because the Tokyo No. 2 Sales Office opened in Edogawa-ku, Tokyo, in December 2017, increasing transportation capacity.」

「In December 2017, アルピコ交通東京株式会社 established a new sales office in Edogawa-ku, Tokyo, to expand its bus business in the Tokyo metropolitan area.」

「At the same time as expanding our business in major metropolitan areas, where market expansion is expected, we will promote our growth strategy by actively developing an environment to accommodate inbound visitors and undertaking overseas promotion.」

「アルピコ交通大阪株式会社 was established as a bus operating and sales base in the Kansai region, and began operations on 1 October.」

「On 1 June 2016, アルピコ交通大阪株式会社 was established as a subsidiary of アルピコ交通 to operate bus services and serve as a sales base in the Kansai region, and began operations on 1 October.」

「アルピコ交通大阪株式会社 was established with 100% funding from our consolidated subsidiary アルピコ交通株式会社, and has been included in the scope of consolidation.」

「We will pursue a growth strategy centred on businesses in major metropolitan areas, where further market expansion is expected, while also seeking to increase revenue by improving the profitability of unprofitable routes and developing infrastructure to accommodate inbound visitors.」