Legal Regulation of the Railway Business and Constraints on Fare Changes
First written in FY2016. 4 of 5 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 1 of 6 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Consequently, it is difficult to respond quickly through fare changes or other measures to changes in the business environment, such as a decline in the population along the railway lines and rising prices.」
The risk of delayed responses resulting from the regulated railway fare system is reiterated. - FY2023RestatedAnnual report
「Consequently, it is difficult to respond quickly through fare changes or other measures to changes in the business environment, such as a decline in the population along the railway lines and rising prices. Accordingly, if these events occur, the delay in improving revenue in response to changes in the business environment, among other factors, may affect the Group's performance and financial position.」
The risk of delayed responses resulting from the regulated railway fare system is reiterated in connection with delays in improving revenue amid rising prices and other factors. - FY2019RestatedAnnual report
「Consequently, it is difficult to respond quickly through fare changes or other measures to changes in the business environment, such as a decline in the population along the railway lines and rising prices. Accordingly, if these events occur, the Group's performance may be affected.」
The risk of delayed responses due to the Railway Business Act's regulatory approval requirements and restrictions on fare changes is reiterated. - FY2017RestatedAnnual report
「Consequently, it is difficult to respond quickly through fare changes or other measures to changes in the business environment, such as a decline in the population along the railway lines and rising prices. Accordingly, if these events occur, the Company's performance may be affected.」
The restrictions under the Railway Business Act on regulatory approvals and fare changes are reiterated as a risk that may delay responses to changes in the business environment. - FY2016First statedAnnual report
「As a rule, the upper limits of passenger fares and charges must be approved by the Minister of Land, Infrastructure, Transport and Tourism. Consequently, it is difficult to respond quickly through fare changes or other measures to changes in the business environment, such as a decline in the population along the railway lines and rising prices.」
The disclosure states that the licensing and approval system may constrain the speed of response to changes in the business environment.