Declining Bus Business Profitability and Impairment
First written in FY2020. 10 of 21 entries say "Mitigated", first in FY2022-Q2. Latest entry: FY2027-H1.
Chichibu Railway moved to the "Worse" side of this theme in 2020, 1 year before the typical company in this theme (2021).
The whole theme swung hardest in 2025: 3 of 6 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「In the construction and electrical contracting businesses, completed construction revenue increased, while construction costs also rose. In the bus business, charter bus revenue declined. As a result, operating revenue was ¥292 million, down 9.4% year on year, and the operating loss was ¥33 million, compared with an operating loss of ¥24 million in the same period of the previous year.」
Due to lower charter bus revenue, operating revenue in the “Other” segment fell 9.4% year on year, while the operating loss widened from ¥24 million to ¥33 million. Declining profitability, including in the bus business, has again been reflected in results. - FY2026WorsenedAnnual report
「The bus business generated lower revenue than in the previous fiscal year, partly because the travel business was discontinued.」
Revenue declined in the “Other” segment, which includes the bus business, and operating profit fell 20.6% year on year to ¥5 million. The recovery in demand and benefits from new routes seen through the previous fiscal year have given way to deteriorating profitability in the current fiscal year. - FY2026-H1WorsenedAnnual report
「In the construction and electrical works business, completed construction revenue declined. In the bus business, chartered bus revenue declined. Consequently, operating revenue was ¥323 million, down 23.3% year on year, and the operating loss was ¥24 million, compared with operating income of ¥9 million in the same period of the previous year.」
Revenue in the “Other” segment fell 23.3% year on year as charter bus revenue declined and completed construction revenue in the construction and electrical contracting businesses also decreased. Operating profit of ¥9 million in the same period of the previous year turned into an operating loss of ¥24 million, with declining profitability, including in the bus business, again reflected in results. - FY2025MitigatedAnnual report
「In the bus business, revenue increased due in part to the launch of new highway intercity bus routes, but conditions remained difficult.」
Revenue increased due in part to the launch of new highway intercity bus routes, and the risk of declining profitability in the bus business showed signs of improvement. At the same time, the company stated that the business environment remained difficult. - FY2025-H1MitigatedAnnual report
「In the bus business, revenue increased partly due to the effect of the revision to the minimum fares for chartered buses implemented in the previous fiscal year.」
Partly due to the effect of the revision to the minimum fares for chartered buses, the bus business recorded higher revenue. The profitability risk arising from the previous weakness in demand for chartered buses showed signs of improvement during the current interim consolidated accounting period. - FY2024MitigatedAnnual report
「In the bus business, demand for chartered buses showed some recovery and operations of highway intercity buses also commenced, but conditions remained difficult.」
Business revenue improved as demand for chartered buses recovered and highway intercity bus operations commenced. The other segment recorded operating revenue of ¥702 million and an operating loss of ¥54 million, and remained in the red. - FY2024-Q3RestatedAnnual report
「In the bus business, demand for chartered buses showed signs of recovery.」
The recovery in demand for chartered buses continued. However, other businesses as a whole recorded an operating loss of ¥54 million. - FY2024-Q2MitigatedAnnual report
「In the bus business, demand for chartered buses used by groups showed signs of recovery.」
The recovery in demand for chartered buses used by groups continued, and the operating loss in other businesses narrowed from ¥68 million in the same period of the previous year to ¥45 million. However, other businesses as a whole continued to record an operating loss. - FY2024-Q1MitigatedAnnual report
「In the bus business, demand for chartered buses used by groups showed signs of recovery.」
Demand for chartered buses used by groups showed signs of recovery, and the operating loss in other businesses narrowed from ¥44 million in the same period of the previous year to ¥18 million. However, the operating loss continued. - FY2023MitigatedAnnual report
「In the bus business, some demand for chartered buses, including from school groups, showed signs of recovery, and new school bus operations launched in April also contributed, resulting in higher revenue than in the previous fiscal year.」
Some demand for chartered buses recovered, and new school bus operations also contributed, increasing operating revenue by 30.8% and narrowing the operating loss from ¥100 million to ¥64 million. However, the operating loss continued. - FY2023-Q3MitigatedAnnual report
「In the bus business, some demand for chartered buses, including from school groups, showed signs of recovery, and the launch of new school bus operations in April also contributed, resulting in higher passenger revenue year on year.」
Some demand for chartered buses recovered, and new school bus operations launched in April also contributed. Operating revenue increased 29.6% year on year, and the operating loss narrowed from ¥72 million to ¥43 million. - FY2023-Q2MitigatedAnnual report
「In the bus business, some demand for chartered buses, including from school groups, showed signs of recovery, and new school bus operations also commenced, resulting in higher passenger revenue year on year.」
Some demand for chartered buses, including from school groups, recovered, and new school bus operations also commenced. Operating revenue increased 63.0% year on year, and the operating loss narrowed from ¥63 million to ¥39 million, but losses continued. - FY2023-Q1MitigatedAnnual report
「In the bus business, some demand for chartered buses, including from school groups, showed signs of recovery, and the contracted school bus operation also commenced.」
Some recovery was seen in demand for chartered buses, operating revenue increased 64.1% year on year, and the operating loss narrowed from ¥29 million to ¥18 million. However, the operating loss continued. - FY2022RestatedAnnual report
「In the bus business, use by school-related groups showed signs of recovery, but full recovery in demand was not achieved, and conditions remained difficult.」
Although use by school-related groups showed signs of recovery, full recovery in demand for chartered buses had not been achieved. Operating revenue increased 88.4%, but the operating loss was ¥100 million. - FY2022-Q3Full Recovery in Chartered Bus Demand Not Yet AchievedAnnual report
「In the bus business, full recovery in demand was not achieved, and conditions remained difficult.」
Although full recovery in demand for chartered buses has not been achieved, operating revenue increased 87.3% year on year, and the operating loss narrowed from ¥117 million to ¥72 million. Conditions remain difficult. - FY2022-Q2MitigatedAnnual report
「In the bus business, demand for chartered buses, including those used by school groups, showed signs of recovery, but conditions remained difficult.」
Demand for chartered buses showed signs of recovery, operating revenue increased 142.6% year on year, and the operating loss narrowed from ¥94 million to ¥63 million. However, the company continued to record an operating loss, and conditions remained difficult. - FY2021WorsenedAnnual report
「In the bus business, demand for chartered buses showed no recovery, resulting in a substantial decline in revenue. Consequently, operating revenue was ¥83 million, down 78.3% from the previous fiscal year, and the operating loss was ¥159 million, compared with an operating loss of ¥6 million in the previous fiscal year.」
Demand for chartered buses showed no recovery, operating revenue declined 78.3%, and the operating loss was ¥159 million, indicating that the decline in profitability had worsened significantly for the full fiscal year. - FY2021-Q3WorsenedAnnual report
「In the bus business, demand for chartered buses showed no recovery, resulting in a substantial decline in revenue.」
Demand for chartered buses showed no recovery. Operating revenue declined 79.1% year on year, and the operating loss was ¥117 million. - FY2021-Q2WorsenedAnnual report
「In the bus business, demand for chartered buses showed no recovery, resulting in a substantial decline in revenue.」
Demand for chartered buses showed no recovery. Operating revenue declined 88.0% year on year, and the operating loss was ¥94 million. - FY2021-Q1WorsenedAnnual report
「In the bus business, demand for chartered buses disappeared due to the impact of requests to refrain from going out, resulting in a substantial decline in revenue.」
In the bus business, which experienced declining profitability and impairment in the previous fiscal year, demand for chartered buses disappeared as people refrained from going out. Operating revenue declined 91.4% year on year, and the operating loss was ¥47 million. - FY2020First statedAnnual report
「In the bus business, we had no choice but to recognise an impairment loss in the current fiscal year, but we will formulate and implement management improvement measures while considering the future business environment.」
The bus business recorded an impairment loss of ¥116 million due to declining profitability, and indicated that the impact of infectious diseases was expected to continue into the next fiscal year.