Recovery in Car-Sharing Usage and Revenue per Vehicle
First written in FY2020-Q3. 3 of 7 entries say "Advanced", first in FY2021. Latest entry: FY2026-H1.
No other company in this theme has enough history to compare yet.
- FY2026-H1Demand growth outpaced supply growth, while utilization remained weak during the periodAnnual report
「As of the end of the interim consolidated accounting period, the number of vehicles dedicated to Times CAR was 117.3% of the level at the end of the same period of the previous year, while the number of members was 117.5%. The pace of member growth, representing demand growth, had therefore exceeded the pace of vehicle additions, representing supply growth. However, through the end of March 2026, demand growth had continued to lag supply growth, and service utilization remained weak.」
As of the end of the interim period, the pace of member growth had shifted to exceed the pace of vehicle additions, but through the end of March 2026, demand remained below supply and service utilization was weak. - FY2025Utilization and profit per vehicle weak despite network expansionAnnual report
「As service utilization remained weak due in part to member acquisition falling below expectations, profit per vehicle was lower than in the previous consolidated fiscal year.」
Although the number of members itself increased, utilization and profit per vehicle were lower than in the previous fiscal year due in part to member acquisition falling below expectations. - FY2023AdvancedAnnual report
「The number of members and usage increased steadily, and usage fees per vehicle performed strongly.」
It stated, as full-year results, that the number of Times CAR members and usage increased and that usage fees per vehicle performed strongly. - FY2023-Q2AdvancedAnnual report
「The number of members and usage increased steadily, and revenue from usage fees per vehicle performed strongly.」
The number of Times CAR members and usage increased, and revenue from usage fees per vehicle also performed strongly. - FY2021AdvancedAnnual report
「Demand for the Times CAR service remained solid, and the number of members increased steadily while service usage also remained firm, resulting in a recovery trend in revenue toward the end of the fiscal year.」
It stated that demand for Times CAR remained solid, the number of members increased, usage remained steady, and revenue recovered toward the end of the fiscal year. - FY2021-Q1Decline in usage-fee revenueAnnual report
「Regarding Times CAR, the impact of the spread of the infectious disease began to be felt in December, and revenue from usage fees per vehicle fell sharply in January following the declaration of a state of emergency.」
Revenue from usage fees per Times CAR vehicle fell sharply due to the spread of the infectious disease and the declaration of a state of emergency. - FY2020-Q3First statedAnnual report
「For the car-sharing service, membership continued to increase steadily even under these conditions, and usage also recovered steadily. In July, both year-on-year sales and year-on-year sales per vehicle exceeded 100%.」
Regarding car sharing, it states for the first time that the number of members increased, usage recovered, and July revenue and revenue per vehicle exceeded 100% year on year.