Komori
Mie Kotsu Group Holdings (3232) · RiskMitigated

Ise-Shima Visitor Numbers and Dependence on External Factors

First written in FY2016. 13 of 26 entries say "Mitigated", first in FY2022-Q1. Latest entry: 2026-08-05.

26entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2016MaterialisedFY2018-Q3 – FY2021MitigatedFY2023-Q1 – 2026-08-052016: 120162017: 020172018: 320182019: 220192020: 320202021: 420212022: 320222023: 420232024: 220242025: 220252026: 22026
Same theme, other companies
Dependence on tourism demand and external conditions in the Ise-Shima regionA theme 1 companies write about · 1 as a headwind · 0 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. FY2026-H1MitigatedAnnual report

    「We worked to secure revenue by capturing demand related to the Expo, which opened in April this year, in the bus, business hotel and travel businesses, among others.」

    Regarding the risk of dependence on tourism and mobility demand, the company states that it sought to secure revenue in the bus, hotel and travel businesses by capturing demand related to the World Expo.
  2. FY2025MitigatedAnnual report

    「Operating revenue increased as room rates rose, particularly at hotels in metropolitan areas, due to expanding inbound demand and other factors.」

    Regarding dependence on tourism and leisure demand, including in Ise-Shima, revenue in the related businesses has improved due to expanding inbound demand and the recovery in travel demand.
  3. FY2025-H1MitigatedAnnual report

    「In addition, in the transportation and leisure-services segments, revenue increased due to an increase in users and higher unit prices accompanying the recovery in demand.」

    Regarding the risk of dependence on tourism and mobility demand, transportation and leisure services generated higher revenue as the recovery in demand increased user numbers and unit prices, easing the impact.
  4. FY2024-Q3MitigatedAnnual report

    「In the general chartered passenger transport business (chartered buses), operating revenue increased as transport demand for events and group travel rose after the removal of activity restrictions following the transition of COVID-19 to Category 5 under Japan's infectious disease classification.」

    The shift of COVID-19 to Class 5 and the lifting of activity restrictions led to a recovery in demand for events and group tours, further easing the impact of dependence on tourism and mobility demand, according to the disclosure.
  5. FY2024-Q2MitigatedAnnual report

    「In the general passenger bus business (scheduled buses), operating revenue increased as demand for mobility rose following the reclassification of COVID-19 as a Class 5 disease under the Infectious Diseases Act, and due to the effect of the fare revision implemented in March 2023. In the general chartered passenger bus business (chartered buses), operating revenue increased as demand for membership recruitment and group tours recovered. In the general passenger vehicle business (taxis), operating revenue increased due to the recovery in tourism demand in the Ise-Shima area.」

    Changes to the disease classification, recovery in the movement of people, and the recovery in demand for group tours and tourism increased revenue in the scheduled bus, chartered bus and taxi businesses, further easing the impact of dependence on tourism and mobility demand, according to the disclosure.
  6. FY2024-Q1MitigatedAnnual report

    「The reclassification of COVID-19 under the Infectious Diseases Act led to further normalization of socioeconomic activity.」

    The change in the disease’s legal classification and the normalization of socioeconomic activity progressed, easing the impact of dependence on tourism and mobility demand, according to the disclosure.
  7. FY2023MitigatedAnnual report

    「In the transportation and leisure-services segments, natural disasters and other events in Japan and overseas, if they result in a decrease in the number of tourists visiting the Ise-Shima area, one of Japan’s leading tourist destinations, could affect business performance.」

    The risk of dependence on tourist numbers continues to be disclosed, but the current period also includes disclosures of demand recovery and higher revenue resulting from eased activity restrictions and tourism-support measures, indicating that the impact has eased.
  8. FY2023-Q3MitigatedAnnual report

    「Recovery progressed due to an increase in the movement of people following the lifting of restrictions on activities and the implementation of measures such as the National Travel Support program.」

    The increase in the movement of people following the lifting of activity restrictions and measures such as the National Travel Support program eased the impact of dependence on tourism and leisure demand, and recovery in the related businesses progressed.
  9. FY2023-Q2MitigatedAnnual report

    「In the general passenger bus business (scheduled buses), operating revenue increased due to an increase in users accompanying the recovery in the movement of people. In the general chartered passenger bus business (chartered buses), operating revenue increased due to the implementation of the Park & Bus Ride program in Ise, Mie Prefecture, and the recovery in transportation demand from student groups.」

    The recovery in the movement of people, the Park & Bus Ride program in Ise, and the recovery in transportation demand from student groups eased the impact of dependence on tourism and mobility demand, resulting in higher revenue in the scheduled and chartered bus businesses.
  10. FY2023-Q1MitigatedAnnual report

    「In the general passenger bus business (scheduled buses), operating revenue increased due to an increase in users as the movement of people became more active. In the general chartered passenger bus business (chartered buses), operating revenue increased as the Park & Bus Ride program was implemented in Ise, Mie Prefecture, and transportation demand from student groups continued to recover.」

    The increased movement of people, the Park & Bus Ride program and the recovery in transportation demand from student groups eased the impact of dependence on tourism and mobility demand, and operating revenue in the transportation business increased, according to the company.
  11. FY2022-Q3Recovery in demand alongside the impact of event cancellationsAnnual report

    「In the general chartered passenger bus business (chartered buses), although the cancellation of the Mie Tokowaka National Sports Festival and Tokowaka Games had an impact, operating revenue increased due to transportation for people involved in the Olympic and Paralympic Games and recovering demand from student groups for educational tours and school trips.」

    Although the impact of large-scale event cancellations remained, chartered bus revenue increased as demand recovered for transportation for Olympic and Paralympic Games personnel, educational tours and school trips.
  12. FY2022-Q2Recovery in demand alongside weakness in some areasAnnual report

    「In the general passenger bus business (scheduled buses), although conditions remained difficult as the impact of COVID-19 continued, passenger numbers recovered compared with the same period of the previous year as school closures and requests for businesses to suspend operations were eased, and operating revenue increased. In the general chartered passenger bus business (chartered buses), operating revenue increased as demand for employee transportation and student groups, including school trips, began to recover, and due to the staging of the Olympic and Paralympic Games. In the general passenger vehicle business (taxis), operating revenue also increased due to an increase in passenger numbers accompanying the recovery in business demand.」

    Revenue in the transportation businesses improved as school closures and requests for businesses to suspend operations were eased, demand for employee transportation and student groups recovered, and business demand recovered. Meanwhile, revenue declines caused by requests to refrain from travel remained in the leisure businesses, indicating that the impact of dependence on tourism and mobility demand was uneven.
  13. FY2022-Q1MitigatedAnnual report

    「In the business hotel, inn, drive-in and ropeway businesses, operating revenue increased due to a gradual recovery in demand and the sale of products and implementation of events adapted to conditions during the COVID-19 pandemic. In the golf course business, operating revenue also increased as the number of new visitors rose because golf is an outdoor sport with a low risk of infection.」

    While dependence on tourism and leisure demand remains a risk, the company states that operating revenue in the related businesses increased due to the gradual recovery in demand, product and event initiatives, and an increase in new golf course visitors.
  14. FY2021MaterialisedAnnual report

    「The impact of the spread of COVID-19 on operating revenue during the period resulted in an approximately ¥19.8 billion decline in revenue for the Group as a whole.」

    The disappearance of inbound demand, requests to refrain from going out and the contraction of tourism demand materialized as an approximately ¥19.8 billion decline in revenue for the Group as a whole.
  15. FY2021-Q3MaterialisedAnnual report

    「In addition to the downturn in tourism passenger transportation caused by requests to refrain from going out, the cancellation of large-scale events such as the F1 Japanese Grand Prix contributed to a decline in operating revenue in each business.」

    Requests to refrain from going out and the cancellation of large-scale events have materialized as the actual impact of tourism-demand dependence risk, in the form of lower operating revenue in the scheduled bus, chartered bus and taxi businesses.
  16. FY2021-Q2MaterialisedAnnual report

    「In the general passenger bus business (scheduled buses), general chartered passenger bus business (chartered buses) and general passenger vehicle business (taxis), the Group worked to secure revenue by providing services aligned with the “new lifestyle” while thoroughly implementing infection-prevention measures for customers and employees, including antibacterial treatment of vehicles, ventilation, and the provision of alcohol-based disinfectant, in response to the spread of COVID-19. However, demand contracted substantially due to requests to refrain from nonessential and nonurgent outings, restrictions on movement and the cancellation of large-scale events associated with states of emergency and other measures, and operating revenue declined in each business.」

    The contraction in demand caused by requests to refrain from going out, restrictions on movement and the cancellation of large-scale events has materialized as lower revenue in the scheduled bus, chartered bus and taxi businesses.
  17. FY2021-Q1MaterialisedAnnual report

    「In the general passenger bus business (scheduled buses) and general chartered passenger bus business (chartered buses), operating revenue declined in both businesses due to requests to refrain from going out and the contraction of tourism demand associated with COVID-19.」

    Requests to refrain from going out and the contraction of tourism demand materialized as lower operating revenue in the scheduled and chartered bus businesses.
  18. FY2020-Q3MaterialisedAnnual report

    「In the inn business, operating revenue declined due to a decrease in the number of guests caused by typhoons and other factors during the busy season. In the ropeway business, operating revenue declined due to a decrease in ridership caused by typhoons and other adverse weather conditions.」

    The decrease in inn guests and ropeway riders caused by typhoons and adverse weather continues to materialize as lower revenue in the tourism and leisure businesses.
  19. FY2020-Q2MaterialisedAnnual report

    「In the inn business, operating revenue declined due to a decrease in the number of guests caused by typhoons and other factors during the busy season in August. In the ropeway business, operating revenue declined due to a decrease in ridership caused by typhoons and other adverse weather conditions.」

    Typhoons and adverse weather reduced the number of inn guests and ropeway riders, with the risk materializing as lower revenue in the tourism and leisure businesses.
  20. FY2019-Q3MaterialisedAnnual report

    「In the ryokan, golf course and travel businesses, operating revenue decreased due to people staying home during the first half because of natural disasters such as earthquakes and typhoons and record-breaking heat.」

    People staying home due to natural disasters and record-breaking heat continue to be reflected in actual revenue declines across several tourism and leisure businesses.
  21. FY2019-Q2MaterialisedAnnual report

    「Operating revenue decreased in the ryokan, drive-in, golf course and travel businesses, among others, due to the effects of people staying home because of natural disasters such as earthquakes and typhoons and record-breaking heat.」

    People staying home due to natural disasters and record-breaking heat actually resulted in lower operating revenue in the ryokan, drive-in, golf course and travel businesses.
  22. FY2019-Q1MaterialisedAnnual report

    「In the general passenger vehicle transportation business (route buses), operating revenue decreased due to a decline in passenger numbers following the confectionery exposition held the previous year.」

    The end of a major event led to an actual decline in passenger numbers and route-bus operating revenue, bringing the risk of dependence on tourism and event demand to the fore.
  23. FY2018-Q3MaterialisedAnnual report

    「In the general chartered passenger vehicle transportation business (chartered buses), although the confectionery exposition increased revenue through passenger transport, utilisation declined due in part to typhoons during the autumn holiday season, and operating revenue decreased.」

    The company states that the typhoon, a natural disaster, actually contributed to lower chartered-bus utilisation and operating revenue.
  24. FY2016First statedAnnual report

    「The Transportation and Leisure and Services segments are significantly affected by changes in visitor numbers to the Ise-Shima area, one of Japan's leading tourist destinations. Accordingly, business performance may be affected by natural disasters in Japan or overseas, major accidents, epidemics, foreign policy and other factors.」

    The company identifies visitor numbers to the Ise-Shima area and external factors such as natural disasters, epidemics and foreign policy as risks.
Moved together

"Improving operating profit, ordinary profit and net profit despite declining revenue" moved the same way as this thread, in the same document, in 12 of its 26 moves.

121110998★123456
  1. ★This thread
  2. 1Improving operating profit, ordinary profit and net profit despite declining revenue12×
  3. 2Accidents, Incidents, Disasters and Hygiene Issues11×
  4. 3Expansion of the Leasing Business10×
  5. 4Strategic Investment in Growth Sectors9×
  6. 5Developing Transport Services for Visitors to Japan and Meeting Diverse Customer Needs9×
  7. 6Redevelopment of Existing Buildings in the Nagoya Area and Facility Upgrades in Mie Prefecture8×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Mie Kotsu Group Holdings's next results are scheduled for 2026-11-05. Read the earnings preview It last moved in the Earnings of 2026-08-05: "Mitigated".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.