Concentration of Management Resources in Areas Along Railway Lines and Demographic Changes
First written in FY2016. 3 of 5 entries say "Worsened", first in FY2021. Latest entry: FY2026.
Tokyu moved to the "Worse" side of this theme in 2021.
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The risk that inaccurate forecasts of demand and business viability, including the effects of inflation, foreign exchange movements, and inbound demand, could make it difficult to secure revenue and continue operations」
In addition to changes in the population along railway lines and lifestyles, inaccurate forecasts for inflation, foreign exchange movements, and inbound demand are explicitly identified as the most significant risks to securing revenue and continuing operations. - FY2024RestatedAnnual report
「Our group's management resources are concentrated in areas along our railway lines. If demand for existing businesses declines because of the declining birthrate, aging population, or population decline, use of existing transportation, office, and commercial facilities decreases because of changes in lifestyles, or the competitiveness of existing businesses declines because of new industries or business models, our group's performance and financial condition may be adversely affected.」
The disclosure reconfirms demand and competitiveness risks arising from concentration along railway lines, demographics, lifestyle changes, and new competition. - FY2022WorsenedAnnual report
「The risk that delays in responding to the new normal triggered by the COVID-19 pandemic or the acceleration of digital transformation, or inaccurate forecasts of demand and business viability, could make it difficult to secure revenue and continue operations」
In addition to population trends along railway lines and lifestyle changes, delays in responding to the new normal and digital transformation and inaccurate demand forecasts are explicitly identified as risks to securing revenue and continuing operations. - FY2021WorsenedAnnual report
「Our group's management resources are concentrated in areas along our railway lines. If demand for existing businesses declines because of the declining birthrate, aging population, or population decline, use of existing transportation, office, and commercial facilities decreases because of changes in lifestyles, or the competitiveness of existing businesses declines because of new industries or business models, our group's performance and financial condition may be adversely affected.」
In addition to the traditional risks related to demographics and concentration along railway lines, the disclosure explicitly identifies lifestyle changes, reduced use of transportation, offices, and commercial facilities, and declining competitiveness due to new business models. - FY2016First statedAnnual report
「Our group's management resources are concentrated in areas along our railway lines. If consumer spending in these areas deteriorates, the population declines, or demographic changes such as the declining birthrate and aging population occur, revenue may decline, adversely affecting our group's performance and financial condition.」
The concentration along railway lines is described both as the business foundation and as exposure to consumer spending and demographic trends.