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Nagoya Railroad (9048) · RiskWorsened

Changes in the Chubu Region’s Economy, Demographics and Competitive Environment

First written in FY2016. 21 of 28 entries say "Restated". Latest entry: FY2026.

28entries
11years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2017 – FY2020-Q3RestatedFY2021-Q2 – FY2023-Q3WorsenedFY2023 – FY20242016: 320162017: 420172018: 320182019: 420192020: 320202021: 320212022: 320222023: 220232024: 120242025: 120252026: 12026
Same theme, other companies

Nagoya Railroad moved to the "Worse" side of this theme in 2023.

0 other companies' latest entry also says "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026WorsenedAnnual report

    「Meanwhile, the outlook remains uncertain, as the recovery in personal consumption lacks strength due to surging resource prices associated with unstable international conditions and continued price increases.」

    Economic and consumption conditions remain uncertain against a backdrop of international conditions, surging resource prices, rising prices and weak personal consumption.
  2. FY2026-H1RestatedAnnual report

    「There were no newly arising material risks related to the business or other matters during the six-month consolidated accounting period. There have also been no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    The disclosure concludes that there have been no material changes to the existing risks related to changes in the Chubu region's economy, demographics and competitive environment.
  3. FY2024WorsenedAnnual report

    「Meanwhile, the outlook remains uncertain, as personal consumption and other areas lack strength due to concerns about a downturn in overseas economies and factors such as rising prices.」

    The disclosure states that the external environment, including the regional economy and consumer trends, is expected to remain uncertain due to rising prices and concerns about a downturn in overseas economies.
  4. FY2023WorsenedAnnual report

    「Meanwhile, energy prices and overall prices have continued to rise against a backdrop of the prolonged situation in Ukraine and the ongoing depreciation of the yen, and the outlook also contains elements of uncertainty.」

    In relation to regional economic and competitive-environment risks, the disclosure describes uncertainty about the outlook due to the situation in Ukraine, the weaker yen and rising energy prices and overall prices.
  5. FY2023-Q3RestatedAnnual report

    「There were no newly arising material risks related to the business or other matters during the cumulative third quarter. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    The disclosure concludes that there have been no material changes to the existing risks related to changes in the Chubu region's economy, demographics and competitive environment.
  6. FY2023-Q2RestatedAnnual report

    「There were no newly arising material risks related to the business or other matters during the cumulative second quarter. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    The disclosure concludes that there have been no material changes to the existing risks related to changes in the Chubu region's economy, demographics and competitive environment.
  7. FY2023-Q1RestatedAnnual report

    「There were no newly arising material risks related to the business or other matters during the cumulative first quarter. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    The disclosure concludes that there have been no material changes to the existing risks related to changes in the Chubu region's economy, demographics and competitive environment.
  8. FY2022-Q3RestatedAnnual report

    「There were no newly arising material risks related to the business or other matters during the cumulative third quarter. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    The disclosure concludes that there have been no material changes to the existing risks related to changes in the Chubu region's economy, demographics and competitive environment.
  9. FY2022-Q2RestatedAnnual report

    「There were no newly arising material risks related to the business or other matters during the cumulative second quarter. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    The disclosure concludes that there have been no material changes to the existing risks related to changes in the Chubu region's economy, demographics and competitive environment.
  10. FY2022-Q1RestatedAnnual report

    「There were no newly arising material risks related to the business or other matters during the cumulative first quarter. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    The disclosure concludes that there have been no material changes to the existing risks related to changes in the Chubu region's economy, demographics and competitive environment.
  11. FY2021-Q3RestatedAnnual report

    「There were no newly arising material risks related to the business or other matters during the cumulative third quarter. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    The disclosure concludes that there have been no material changes to the existing risks related to changes in the Chubu region's economy, demographics and competitive environment.
  12. FY2021-Q2RestatedAnnual report

    「There were no newly arising material risks related to the business or other matters during the cumulative second quarter. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    The disclosure concludes that there have been no material changes to the existing risks related to changes in the Chubu region's economy, demographics and competitive environment.
  13. FY2020WorsenedAnnual report

    「Japan's economy during the period had been on a path of gradual recovery against a backdrop of improving employment and income conditions, but was sharply undermined by the impact of the COVID-19 pandemic and turned to a severe condition.」

    The disclosure states that the business environment, including the Chubu region, became challenging due to the impact of the pandemic.
  14. FY2020-Q3RestatedAnnual report

    「There were no newly arising material risks related to the business or other matters during the cumulative third quarter. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    The disclosure concludes that there have been no material changes to the existing risks related to changes in the Chubu region's economy, demographics and competitive environment.
  15. FY2020-Q2RestatedAnnual report

    「There were no newly arising material risks related to the business or other matters during the cumulative second quarter. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    The disclosure concludes that there have been no material changes to the existing risks related to changes in the Chubu region's economy, demographics and competitive environment.
  16. FY2020-Q1RestatedAnnual report

    「There were no newly arising material risks related to the business or other matters during the cumulative first quarter. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    The disclosure concludes that there have been no material changes to the existing risks related to changes in the Chubu region's economy, demographics and competitive environment.
  17. FY2019RestatedAnnual report

    「If deterioration in the operating environment, including changes in economic conditions, consumer trends and demographics in the region and competition with other operators, accelerates beyond the pace anticipated by the Group, it may contribute to a decline in the Group's profitability and affect its operating performance.」

    Changes in the Chubu region's economy, consumption, demographics and competitive environment continue to be identified as risks to profitability.
  18. FY2019-Q3RestatedAnnual report

    「There were no newly arising material risks related to the business or other matters during the cumulative third quarter. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    The disclosure concludes that there have been no material changes to the existing risks related to changes in the Chubu region's economy, demographics and competitive environment.
  19. FY2019-Q2RestatedAnnual report

    「There were no newly arising material risks related to the business or other matters during the cumulative second quarter. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    The disclosure concludes that there have been no material changes to the existing risks related to changes in the Chubu region's economy, demographics and competitive environment.
  20. FY2019-Q1RestatedAnnual report

    「There were no newly arising material risks related to the business or other matters during the cumulative first quarter. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    The disclosure concludes that there have been no material changes to the existing risks related to changes in the Chubu region's economy, demographics and competitive environment.
  21. FY2018-Q3RestatedAnnual report

    「There were no newly arising material risks related to the business or other matters during the cumulative third quarter. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    The disclosure concludes that there have been no material changes to the existing risks related to changes in the Chubu region's economy, demographics and competitive environment.
  22. FY2018-Q2RestatedAnnual report

    「There were no newly arising material risks related to the business or other matters during the cumulative second quarter. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    The disclosure concludes that there have been no material changes to the existing risks related to changes in the Chubu region's economy, demographics and competitive environment. The disclosure itself contains no quantification or evidence of occurrence. quantified is false and materialized is false.
  23. FY2018-Q1RestatedAnnual report

    「There were no newly arising material risks related to the business or other matters during the cumulative first quarter. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」

    The disclosure concludes that there have been no material changes to the existing risks related to changes in the Chubu region's economy, demographics and competitive environment.
  24. FY2017RestatedAnnual report

    「The Group operates a range of service businesses, centered on transportation, with the Chubu region as its base. If deterioration in the operating environment, including changes in economic conditions, consumer trends and demographics in the region and competition with other operators, accelerates beyond the pace anticipated by the Group, it may contribute to a decline in the profitability of the Group and affect its operating performance.」

    Changes in the Chubu region's economy, consumption, demographics and competitive environment remain risks to profitability.
  25. FY2017-Q3WorsenedAnnual report

    「The outlook includes many uncertain factors, including the formation of a new administration in the United States and the UK's withdrawal from the EU.」

    The disclosure states that the economic environment remains uncertain in light of the formation of a new US administration and the UK's withdrawal from the EU.
  26. FY2017-Q2RestatedAnnual report

    「During the cumulative second quarter, Japan's economy continued on a path of gradual recovery, supported by improvements in income and employment conditions, although exports and production remained sluggish, partly due to the slowdown in emerging-market economies.」

    The disclosure presents sluggish exports and production due to the slowdown in emerging-market economies alongside Japan's gradual domestic recovery.
  27. FY2017-Q1WorsenedAnnual report

    「Uncertainty about the outlook intensified, partly due to the UK's withdrawal from the European Union.」

    The disclosure states that uncertainty about the outlook for the economic environment intensified against the backdrop of the UK's withdrawal from the European Union.
  28. FY2016First statedAnnual report

    「If deterioration in the operating environment, including changes in economic conditions, consumer trends and demographics in the region and competition with other operators, accelerates beyond the pace anticipated by the Group, it may contribute to a decline in the Group's profitability and affect its operating performance.」

    The regional economy, consumption, demographics and competition are identified as external risks associated with the business structure based in the Chubu region.
Moved together

"Target Setting for ROE, ROA, Net Interest-Bearing Debt/EBITDA Multiple, and Equity Ratio" moved the same way as this thread, in the same document, in 3 of its 28 moves.

332★123
  1. ★This thread
  2. 1Target Setting for ROE, ROA, Net Interest-Bearing Debt/EBITDA Multiple, and Equity Ratio3×
  3. 2Risk of impairment and valuation losses from declines in land and share prices3×
  4. 3Balancing proactive business expansion with a robust management base2×

★ 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
Nagoya Railroad's next results are scheduled for 2026-11-11. Read the earnings preview
News
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