Komori
Hiroshima Electric Railway (9033) · InitiativeAdvancedLatest Results (2026-08-12): "Worsened"

Developing tourism demand for Miyajima and Mount Misen

First written in FY2016. 13 of 32 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-08-12.

32entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2023-Q1 – FY20252016: 320162017: 320172018: 420182019: 420192020: 320202021: 420212022: 320222023: 220232024: 120242025: 220252026: 32026
Same theme, other companies
Developing Tourism Demand for Miyajima and Mount MisenA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

No other company in this theme has enough history to compare yet.

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  1. 2026-08-12WorsenedResults

    「海上運送業及び索道業につきましては、中東情勢の悪化に伴うインバウンドを中心とした宮島来島者の減少に加え、索道業において運休整備の前倒し実施による営業日数の減少もあり、減収となりました。」

    中東情勢の悪化に伴うインバウンド中心の宮島来島者減少が、海上運送業・索道業の減収として実績に現れた。
  2. FY2026AdvancedAnnual report

    「In the marine transportation and aerial tramway businesses, the number of visitors to Miyajima reached a record high in FY2025, and revenue increased, helped in particular by a significant increase in inbound visitors against the backdrop of the weaker yen.」

    The number of visitors to Miyajima reached a record high in FY2025, resulting in higher revenue in the marine transportation and aerial tramway businesses against the backdrop of a significant increase in inbound visitors.
  3. 2026-05-14Cited as achievedRevisions to earnings forecasts

    「2025年度の宮島来島者数は過去最多となり、特に円安を背景としたインバウンド客が大幅に増加した効果もあり、増収となりました。」

    宮島来島者数の過去最多とインバウンド増加による増収を実績として記載した。
  4. FY2026-H1RestatedAnnual report

    「In the marine transportation and aerial tramway businesses, revenue increased due to the rise in inbound and domestic travelers visiting Miyajima.」

    The continued increase in inbound and domestic travelers visiting Miyajima and higher revenue in the marine transportation and aerial tramway businesses are noted.
  5. FY2025AdvancedAnnual report

    「In the marine transportation and aerial tramway businesses, the number of visitors to Miyajima in FY2024 reached a record high, following the visits by the leaders of the G7 countries during the 2023 G7 Hiroshima Summit. In particular, inbound visitors increased significantly as the yen weakened, resulting in higher passenger revenue.」

    Against the backdrop of heightened attention following the G7 Hiroshima Summit and an increase in inbound visitors due to the weaker yen, the number of visitors to Miyajima in FY2024 reached a record high, and passenger revenue also increased.
  6. FY2025-H1AdvancedAnnual report

    「In the marine transportation and aerial tramway businesses, the number of visitors to Miyajima showed an upward trend following the visits by the leaders of the G7 countries during the previous year's G7 Hiroshima Summit. In particular, inbound visitors increased significantly as the yen weakened, resulting in higher passenger revenue.」

    In addition to the heightened attention generated by the G7 Hiroshima Summit, the significant increase in inbound visitors associated with the weaker yen led to increases in both the number of visitors to Miyajima and passenger revenue.
  7. FY2024-Q1AdvancedAnnual report

    「In the marine transportation and aerial tramway businesses, tourism demand in the post-COVID period increased, and attention drawn by the visits to Miyajima by the leaders of the G7 countries during the G7 Hiroshima Summit led to a significant increase in tourists visiting Miyajima from both Japan and overseas, resulting in higher passenger revenue. Although entry to the island was restricted during the summit, freight revenue also increased as various renovation projects were carried out on the island and numerous police vehicles traveled to and from it.」

    Miyajima tourists, passenger revenue and freight revenue all increased against the backdrop of post-COVID travel demand and heightened attention resulting from the G7 Hiroshima Summit.
  8. FY2023-Q3AdvancedAnnual report

    「In the marine transportation and aerial tramway businesses, travelers were recovering in the absence of restrictions on movement despite the arrival of the 8th wave of COVID-19. In addition, visitors increased significantly following the completion in late November 2022 of the 3.5-year "Reiwa Grand Renovation" of Itsukushima Shrine's Great Torii, and passenger revenue increased accordingly.」

    The number of visitors to Miyajima increased significantly against the backdrop of an environment without restrictions on movement and the completion of the 3.5-year renovation of the Great Torii, while passenger revenue also increased.
  9. FY2023-Q2AdvancedAnnual report

    「In the marine transportation and aerial tramway businesses, passenger revenue increased as the number of visitors to Miyajima increased significantly from the same period of the previous year.」

    The significant year-on-year increase in visitors to Miyajima was reflected in higher passenger revenue in the marine transportation and aerial tramway businesses.
  10. FY2023-Q1AdvancedAnnual report

    「In the marine transportation and aerial tramway businesses, travelers returned, particularly during Golden Week, following the lifting of restrictions on movement. The number of visitors to Miyajima in the first quarter increased significantly from the same period of the previous year, and passenger revenue also increased.」

    The number of visitors to Miyajima increased significantly year on year against the backdrop of the lifting of restrictions on movement and Golden Week, and passenger revenue also increased.
  11. FY2022-Q3Tourism demand showed signs of recovery but remained at a low level, while freight demand continued to decline.Annual report

    「In the marine transportation and aerial tramway businesses, group use, particularly for school trips, gradually began to recover after the state of emergency was lifted. However, the number of visitors to Miyajima remained subdued compared with pre-pandemic levels. In particular, activity at accommodation and food-service businesses on Miyajima remained sluggish in the marine transportation business, while declining use of company vehicles and the continued postponement of construction work on the island became major factors behind the significant decline in revenue.」

    Although group use, primarily for school trips, showed signs of recovery, the number of visitors to Miyajima remained below pre-pandemic levels, while sluggish activity at accommodation and food-service facilities and postponed construction work also reduced freight demand in the marine transportation business.
  12. FY2022-Q2A slight increase in tourists coincided with a decline in freight demand.Annual report

    「In the marine transportation and aerial tramway businesses, the number of tourists visiting Miyajima increased slightly from the same period of the previous year despite 2 declarations of a state of emergency. However, particularly in the marine transportation business, freight revenue declined significantly as the use of company vehicles associated with the voluntary suspension of operations by accommodation and food-service businesses on Miyajima declined, and construction work on the island was postponed.」

    Although the number of tourists visiting Miyajima increased slightly year on year, freight revenue in the marine transportation business declined significantly due to the voluntary suspension of operations by accommodation and food-service businesses and the postponement of construction work on the island, resulting in divergent demand trends.
  13. FY2022-Q1AdvancedAnnual report

    「In the marine transportation and aerial tramway businesses, revenue rose as the number of tourists visiting Miyajima increased from the same period of the previous year, despite the declaration of a state of emergency in major cities.」

    Even during the pandemic, the number of tourists visiting Miyajima increased year on year, resulting in higher revenue in the marine transportation and aerial tramway businesses.
  14. FY2021WorsenedAnnual report

    「In the marine transportation business, operating expenses declined compared with the previous consolidated fiscal year, due to lower fuel costs for ferries operating on the Miyajima route and lower depreciation expense as the new vessel Aki aged. However, revenue declined because the number of visitors to Miyajima fell significantly due to the spread of COVID-19.」

    The number of visitors to Miyajima declined significantly due to the spread of COVID-19, resulting in lower revenue in the marine transportation business.
  15. FY2021-Q3WorsenedAnnual report

    「In the marine transportation and aerial tramway businesses, the number of tourists visiting Miyajima declined significantly and revenue fell as restrictions on entry from overseas continued due to the spread of COVID-19.」

    As restrictions on entry from overseas continued, the number of tourists visiting Miyajima declined significantly, with the impact continuing and intensifying in the form of lower revenue in the marine transportation and aerial tramway businesses.
  16. FY2021-Q2WorsenedAnnual report

    「In the marine transportation and aerial tramway businesses, the number of tourists visiting Miyajima declined significantly and revenue fell as restrictions on entry from overseas continued due to the spread of COVID-19.」

    The number of tourists visiting Miyajima declined significantly due to restrictions on entry from overseas, resulting in lower revenue in the marine transportation and aerial tramway businesses.
  17. FY2020Demand trends diverged by business.Annual report

    「In the marine transportation business, the decline in Miyajima visitors caused by the July 2018 torrential rains showed signs of recovery, helped by the 10-day Golden Week holiday. In addition, special demand, including increased freight transportation of construction vehicles and other goods as construction activity on Miyajima increased, resulted in higher revenue despite the impact of the spread of COVID-19. The aerial tramway business, however, generated lower revenue in the absence of special demand.」

    The marine transportation business generated higher revenue on the recovery in tourists and special freight demand, while the aerial tramway business generated lower revenue, resulting in divergent trends within the Miyajima-related businesses.
  18. FY2020-Q3WorsenedAnnual report

    「In the marine transportation business, the number of visitors to Miyajima increased and revenue rose compared with the first nine months of the previous fiscal year, when tourist numbers declined due to the July 2018 torrential rains, helped by the 10-day Golden Week holiday. In the aerial tramway business, however, revenue declined as the effects of adverse weather, including typhoons, and the decline in group travelers since the start of renovation work on Itsukushima Shrine's Great Torii weighed on performance.」

    The marine transportation business generated higher revenue as visitors to Miyajima recovered, while the aerial tramway business generated lower revenue due to adverse weather and the decline in group travelers following the start of renovation work on the Great Torii.
  19. FY2020-Q2AdvancedAnnual report

    「In the marine transportation and aerial tramway businesses, the number of visitors to Miyajima increased significantly and revenue rose compared with the first nine months of the previous fiscal year, when tourist numbers declined due to the July 2018 torrential rains, as well as benefiting from the 10-day Golden Week holiday.」

    The number of visitors to Miyajima increased significantly compared with the same period of the previous year, when tourist numbers declined due to the torrential rains, resulting in higher revenue in the marine transportation and aerial tramway businesses.
  20. FY2020-Q1AdvancedAnnual report

    「In the marine transportation and aerial tramway businesses, the number of visitors to Miyajima increased significantly and revenue rose, driven by the effect of the 10-day Golden Week holiday.」

    The number of visitors to Miyajima increased significantly against the backdrop of the 10-day Golden Week holiday, resulting in higher revenue in the marine transportation and aerial tramway businesses.
  21. FY2019WorsenedAnnual report

    「In the aerial tramway and marine transportation businesses, the number of visitors to Miyajima in FY2018 was slightly below the previous year due to the torrential rain disaster. However, as the number of foreign tourists increased significantly, the Group will continue promoting the attractions of Miyajima and Mount Misen and pursue revenue growth by conducting sales activities as one group.」

    Although the number of foreign tourists increased, the number of visitors to Miyajima in FY2018 was slightly below the previous year due to the torrential rain disaster, resulting in lower revenue in the marine transportation and aerial tramway businesses.
  22. FY2019-Q3RestatedAnnual report

    「In the marine transport and ropeway businesses, the number of visitors to Miyajima declined due to the heavy rains in July 2018, resulting in lower revenue.」

    The decline in Miyajima visitors due to the July torrential rains and the revenue declines in the marine transportation and aerial tramway businesses continue to be noted.
  23. FY2019-Q2WorsenedAnnual report

    「In the marine transport and ropeway businesses, the number of visitors to Miyajima declined due to the heavy rains in July 2018, resulting in lower revenue.」

    The decline in visitors to Miyajima caused by the heavy rains was reflected in lower revenue in the marine transport and ropeway businesses.
  24. FY2019-Q1WorsenedAnnual report

    「In the marine transport and ropeway businesses, revenue declined due to a decrease in the number of visitors to Miyajima.」

    The decline in visitors to Miyajima was a factor behind lower revenue in the marine transport and ropeway businesses.
  25. FY2018AdvancedAnnual report

    「In the ropeway and marine transport businesses, the number of visitors to Miyajima reached a record high in fiscal 2017 amid a substantial increase in international tourists. We will continue to promote the appeal of Miyajima and Mount Misen and conduct sales activities as a unified Group to pursue revenue growth measures.」

    The number of visitors to Miyajima reached a record high in fiscal 2017, and measures to increase revenue through the rise in international tourists and integrated sales activities are continuing.
  26. FY2018-Q3RestatedAnnual report

    「In the marine transport and ropeway businesses, revenue increased due to the rise in the number of visitors to Miyajima.」

    The increase in visitors to Miyajima and higher revenue in the marine transport and ropeway businesses continue to be disclosed.
  27. FY2018-Q1RestatedAnnual report

    「In the marine transport and ropeway businesses, revenue increased due to the rise in the number of visitors to Miyajima.」

    The increase in visitors to Miyajima and higher revenue in the marine transport and ropeway businesses continue to be disclosed.
  28. FY2017AdvancedAnnual report

    「In the marine transport and ropeway businesses, the number of visitors to Miyajima reached a record high in fiscal 2016 amid a substantial increase in international tourists and a recovery trend in group visitors. We will continue to promote the appeal of Miyajima and Mount Misen and conduct proactive sales activities as a unified Group in order to increase usage.」

    The number of visitors to Miyajima reached a record high in fiscal 2016, and the increase in international tourists and recovery trend in group visitors were also disclosed.
  29. FY2017-Q3RestatedAnnual report

    「In the marine transport and ropeway businesses, revenue increased due to the rise in the number of visitors to Miyajima.」

    The increase in visitors to Miyajima and higher revenue in the marine transport and ropeway businesses continue to be disclosed.
  30. FY2017-Q2RestatedAnnual report

    「In the marine transport and ropeway businesses, revenue increased due to the rise in the number of visitors to Miyajima.」

    The increase in visitors to Miyajima and higher revenue in the marine transport and ropeway businesses continue to be disclosed.
  31. FY2017-Q1AdvancedAnnual report

    「In the marine transport and ropeway businesses, revenue increased due to the rise in the number of visitors to Miyajima.」

    The disclosure notes the increase in visitors to Miyajima and higher revenue, but does not explicitly state a causal link with existing measures.
  32. FY2016First statedAnnual report

    「We will promote the appeal of Miyajima and Mount Misen and conduct proactive sales activities as a unified Group in order to increase usage by individual visitors.」

    In response to the decline in group visitors, the company is emphasizing the appeal of Miyajima and Mount Misen and the acquisition of individual visitors.
Moved together

"Improving cash efficiency and reducing interest-bearing debt through a CMS" moved the same way as this thread, in the same document, in 14 of its 32 moves.

141413121111★123456
  1. ★This thread
  2. 1Improving cash efficiency and reducing interest-bearing debt through a CMS14×
  3. 2Interest-Bearing Debt and Interest-Rate Increase Risk14×
  4. 3Track record of earnings recovery and improvement in the financial base13×
  5. 4Building a Stable Earnings Structure and Improving Profitability12×
  6. 5Railway and tramway demand driven by increased visitors to facilities along the lines11×
  7. 6Increase in golf users through active marketing, including Customer Appreciation Special Days11×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Hiroshima Electric Railway's next results are scheduled for 2026-11-13. Read the earnings preview It last moved in the Results of 2026-08-12: "Worsened".
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