Stringent regulation of the transportation business

「鉄道事業法、道路運送法および労働諸法制の定めにより、事業の拡大・縮小、通常の業務運営、運賃および料金の設定・変更や乗務員の労働条件などにおいて規制を受けており、規制の強化や社会情勢等の変化によっては、当社グループの財政状態や業績に影響を及ぼす可能性があります。」

「当中間連結会計期間において、当半期報告書に記載した事業の状況、経理の状況等に関する事項のうち、経営者が連結会社の財政状態、経営成績およびキャッシュ・フローの状況に重要な影響を与える可能性があると認識している主要なリスクの発生または前事業年度の有価証券報告書に記載した「事業等のリスク」についての重要な変更はありません。」

「鉄道事業法、道路運送法および労働諸法制の定めにより、事業の拡大・縮小、通常の業務運営、運賃および料金の設定・変更や乗務員の労働条件などにおいて規制を受けており」

「当中間連結会計期間において、当半期報告書に記載した事業の状況、経理の状況等に関する事項のうち、経営者が連結会社の財政状態、経営成績およびキャッシュ・フローの状況に重要な影響を与える可能性があると認識している主要なリスクの発生または前事業年度の有価証券報告書に記載した「事業等のリスク」についての重要な変更はありません。」

「During the first six months of the fiscal year, there were no significant changes in the occurrence of the major risks that management recognizes as potentially having a material impact on the financial position, operating results and cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」

「During the first three months of the fiscal year, there were no significant changes in the occurrence of the major risks that management recognizes as potentially having a material impact on the financial position, operating results and cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」

「During the first nine months of the fiscal year, there were no significant changes in the occurrence of the major risks that management recognizes as potentially having a material impact on the financial position, operating results and cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」

「During the nine-month period ended 31 December, there were no occurrences of matters that could have a material impact on investors' decisions among the matters concerning the business and accounting conditions described in the quarterly securities report, nor were there any material changes to the section on "Business and Other Risks" in the securities report for the previous fiscal year.」

「During the six-month period ended in the second quarter, there were no material changes in the matters concerning the business and accounting conditions described in this quarterly securities report that could materially affect investors' decisions, nor in the business and other risks described in the securities report for the previous fiscal year.」

「During the first quarter of the current consolidated fiscal year, there were no occurrences of matters that could have a material impact on investors' decisions among the matters concerning the business and accounting conditions described in the quarterly securities report, nor were there any material changes to the section on "Business and Other Risks" in the securities report for the previous fiscal year.」

「During the nine-month period ended 31 December, there were no occurrences of matters that could have a material impact on investors' decisions among the matters concerning the business and accounting conditions described in the quarterly securities report, nor were there any material changes to the section on "Business and Other Risks" in the securities report for the previous fiscal year.」

「During the six-month period ended in the second quarter, there were no material changes in the matters concerning the business and accounting conditions described in this quarterly securities report that could materially affect investors' decisions, nor in the business and other risks described in the securities report for the previous fiscal year.」

「During the first quarter of the current consolidated fiscal year, there were no occurrences of matters that could have a material impact on investors' decisions among the matters concerning the business and accounting conditions described in the quarterly securities report, nor were there any material changes to the section on "Business and Other Risks" in the securities report for the previous fiscal year.」

「当社グループの基幹事業である交通事業は、鉄道、バスなど公共輸送機関としての性格上、厳格な法規制の下に事業を行っているため、鉄道事業法および道路運送法の定めにより、事業の拡大・縮小、通常の業務運営、運賃および料金の設定・変更などにおいて規制を受けており、社会情勢等の変化によっては、当社グループの財政状態や業績に影響を及ぼす可能性があります。」

「During the nine-month period ended 31 December, there were no occurrences of matters that could have a material impact on investors' decisions among the matters concerning the business and accounting conditions described in the quarterly securities report, nor were there any material changes to the section on "Business and Other Risks" in the securities report for the previous fiscal year.」

「During the six-month period ended in the second quarter, there were no material changes in the matters concerning the business and accounting conditions described in this quarterly securities report that could materially affect investors' decisions, nor in the business and other risks described in the securities report for the previous fiscal year.」

「During the first quarter of the current consolidated fiscal year, there were no occurrences of matters that could have a material impact on investors' decisions among the matters concerning the business and accounting conditions described in the quarterly securities report, nor were there any material changes to the section on "Business and Other Risks" in the securities report for the previous fiscal year.」

「当社グループの基幹事業である交通事業は、鉄道、バスなど公共輸送機関としての性格上、厳格な法規制の下に事業を行っているため、鉄道事業法および道路運送法の定めにより、事業の拡大・縮小、通常の業務運営、運賃および料金の設定・変更などにおいて規制を受けており、社会情勢等の変化によっては、当社グループの財政状態や業績に影響を及ぼす可能性があります。」

「During the nine-month period ended 31 December, there were no occurrences of matters that could have a material impact on investors' decisions among the matters concerning the business and accounting conditions described in the quarterly securities report, nor were there any material changes to the section on "Business and Other Risks" in the securities report for the previous fiscal year.」

「During the six-month period ended in the second quarter, there were no material changes in the matters concerning the business and accounting conditions described in this quarterly securities report that could materially affect investors' decisions, nor in the business and other risks described in the securities report for the previous fiscal year.」

「During the first quarter of the current consolidated fiscal year, there were no occurrences of matters that could have a material impact on investors' decisions among the matters concerning the business and accounting conditions described in the quarterly securities report, nor were there any material changes to the section on "Business and Other Risks" in the securities report for the previous fiscal year.」

「交通事業は、公共輸送機関としての性格上、厳格な法規制の下に事業を行っているため、鉄道事業法および道路運送法の定めにより、事業の拡大・縮小、通常の業務運営、運賃および料金の設定・変更などにおいて規制を受けており、社会情勢等の変化によっては、当社グループの財政状態や業績に影響を及ぼす可能性があります。」