Improving profitability of on-site operations by a specialist subsidiary focused on bicycle parking-related services

「The significant increase in bicycle parking fee revenue substantially improved the profitability of bicycle parking facilities, while efforts to bring outsourced operations in-house by using group subsidiaries also contributed to a sharp year-on-year increase in profit. As a result, revenue was ¥7,297 million, up 9.3% year on year, and segment profit was ¥1,284 million, up 57.1% year on year.」

「On the profit front, profit increased sharply year on year, reflecting a significant increase in bicycle parking fee revenue, which substantially improved the profitability of bicycle parking facilities, as well as contributions from efforts to bring outsourced operations in-house by using group subsidiaries.」

「On the profit front, operating profit increased year on year, reflecting improved finances at contracting entities affected by the infectious disease, higher revenue from bicycle parking management and operations, improved profitability mainly at company-operated bicycle parking facilities following fee revisions and other measures, and efforts to bring outsourced operations in-house by using group subsidiaries.」

「On the profit front, operating profit increased year on year, reflecting improved finances at contracting entities affected by the infectious disease, higher revenue from bicycle parking management and operations, improved profitability mainly at company-operated bicycle parking facilities following fee revisions and other measures, and efforts to bring outsourced operations in-house by using group subsidiaries. As a result, revenue was ¥4,871 million, up 12.1% year on year, and operating profit was ¥643 million, up 90.4% year on year.」

「On the profit front, operating profit increased year on year, reflecting improved finances at contracting entities affected by the infectious disease, higher revenue from bicycle parking management and operations, and efforts to bring outsourced operations in-house by using group subsidiaries. As a result, revenue was ¥3,090 million, up 14.6% year on year, and operating profit was ¥367 million, up 190.0% year on year.」

「On the profit front, operating profit was ¥159 million, up 170.9% year on year, reflecting improved finances at contracting entities affected by the infectious disease, higher revenue from bicycle parking management and operations, and efforts to bring outsourced operations in-house by using group subsidiaries.」

「Although equipment sales were soft due to the impact of the infectious disease, they exceeded the previous year's level from the third quarter onward, owing to new projects for railway users, primarily in Osaka, and successful contracts for replacement projects prompted by aging equipment. Bicycle parking fee revenue also increased, despite the impact of the infectious disease, as railway use by commuters and students recovered steadily. In addition, large-scale projects, including designated manager contracts received in the previous fiscal year, contributed to revenue of ¥6,073 million, up 20.0% year on year. On the profit front, operating profit was ¥451 million, compared with ¥13 million in the same period of the previous year, reflecting higher revenue and efforts to bring outsourced operations in-house by using group subsidiaries.」

「On the profit front, operating profit was ¥337 million, compared with an operating loss of ¥8 million in the same period of the previous year, reflecting higher revenue and efforts to bring outsourced operations in-house by using group subsidiaries.」

「Equipment demand weakened due to the impact of the infectious disease outbreak, and we struggled to win orders for new projects. Bicycle-parking fee revenue, however, increased as railway use by commuters and students improved. In addition, large projects ordered in the previous fiscal year, including the designated-manager project in Edogawa Ward, contributed to revenue of ¥2,697 million, up 8.0% year on year. In terms of profit, in addition to the effect of higher revenue, efforts to bring outsourced operations in-house by utilizing group subsidiaries contributed to operating profit of ¥126 million, compared with an operating loss of ¥30 million in the same period of the previous year.」

「On the profit front, we sought to limit the decline in operating profit by optimizing the number of collection and maintenance visits and bringing outsourced operations in-house as expense-reduction measures, but profit declined sharply. As a result, revenue was ¥5,060 million, down 24.4% year on year, and operating profit was ¥13 million, down 98.5% year on year.」

「On the profit front, we sought to limit the decline in operating profit by optimizing the number of collection and maintenance visits and bringing outsourced operations in-house as fixed-cost reduction measures, but the business posted an operating loss. As a result, revenue was ¥3,712 million, down 22.8% year on year, and the operating loss was ¥8 million, compared with operating profit of ¥673 million in the same period of the previous year.」

「On the profit front, we sought to limit the decline in operating profit by optimizing the number of collection and maintenance visits, bringing outsourced operations in-house as fixed-cost reduction measures, and implementing measures to improve the profitability of unprofitable bicycle parking facilities. However, the business posted an operating loss. As a result, revenue was ¥2,497 million, down 22.5% year on year, and the operating loss was ¥30 million, compared with operating profit of ¥461 million in the same period of the previous year.」

「On the profit front, optimizing the number of collection and maintenance visits and bringing outsourced operations in-house as fixed-cost reduction measures helped minimize the decline in operating profit, although the business posted an operating loss.」

「We are reducing fixed costs by cutting the number of fee collections and maintenance visits in line with bicycle parking usage, as well as reallocating personnel by bringing outsourced periodic maintenance in-house.」

「NCD Prosu Co., Ltd., a subsidiary established in March 2018 to specialize in ancillary operations related to bicycle parking management, including patrols, maintenance and fee collection, achieved profitability in its first year, resulting in a smooth launch.」

「We have also been working to improve the profitability of bicycle parking field operations. As part of these efforts, in March this year we established a subsidiary specializing in ancillary operations related to bicycle parking management, including patrols, maintenance and collection of fees.」