Capital Investment to Improve Customer Service and Secure Stable Earnings

「Capital investment during the consolidated fiscal year totaled ¥15,025 million. Major investments included ¥8,725 million in the passenger automobile business, primarily for route bus replacements.」

「Cash flows from investing activities resulted in a cash outflow of ¥6,651 million, mainly due to ¥6,497 million in payments for the acquisition of property, plant and equipment.」

「Total assets decreased by ¥2,448 million from the end of the previous fiscal year to ¥156,742 million. Although buildings and structures increased due to the rebuilding of the Yamato depot of Kanagawa Chuo Kotsu Co.,Ltd. and the construction of rental facilities, notes and accounts receivable and contract assets declined, as did the fair value of investment securities.」

「Capital investment during the consolidated fiscal year totaled ¥7,431 million. Major investments included ¥5,548 million in the passenger automobile business, primarily for route bus replacements.」

「Capital investment during the consolidated fiscal year totaled ¥8,793 million. Major investments included ¥4,943 million in the real estate business, primarily for the construction of rental facilities.」

「Capital investment during the consolidated fiscal year totaled ¥6,125 million. Major investments included ¥2,336 million in the general passenger automobile transportation business, primarily for depot rebuilding, and ¥2,679 million in Other businesses, primarily for the construction of a recycling plant in the resource recycling business.」

「In the local bus business, we newly introduced 3 articulated buses between the west exit of Aihara Station and Hosei University in April, improving transport efficiency.」

「The company made capital investments of ¥7,698 million during the consolidated fiscal year.」

「The company also comprehensively revised its capital investment plan and reduced fixed costs by implementing temporary employee furloughs, among other measures.」

「Capital investment during the consolidated fiscal year totaled ¥13,480 million, with the main objectives of enhancing passenger services and responding to diversifying demand, primarily in the general passenger automobile transportation business. Major investments included ¥10,468 million in the general passenger automobile transportation business for route bus replacements, depot rebuilds and the acquisition of land for the relocation of the passenger vehicle business.」

「As depreciation increased due to higher capital investment, including the rebuilding of bus depots in the route bus business, revenue was ¥85,057 million, down 1.1% year on year, and operating profit was ¥5,628 million, down 6.2%.」

「Capital investment during the consolidated fiscal year totaled ¥8,679 million, with the main objectives of enhancing passenger services and responding to diversifying demand, primarily in the general passenger automobile transportation business. Major investments included ¥5,838 million in the general passenger automobile transportation business, mainly for route bus replacements.」

「Revenue in the local bus business increased due in part to the launch of direct services from Odakyu-Sagamihara Station and Minami-Rinkan Station following the opening of AEON Mall Zama in March 2018. We also introduced 82 low-floor buses that make boarding and alighting easier for passengers. In May, we began operating articulated buses, branded Twin Liner, and express services on 2 routes between the north exit of Tsujido Station and Shonan Life Town and between Shonan Life Town and Keio University Shonan-Fujisawa Campus. In September, we also began serving the Tomei-Yamato bus stop on the Tamura Garage/Hon-Atsugi Station–Haneda Airport airport limousine bus route, further improving transport efficiency and convenience.」

「The company introduced 51 low-floor buses that make it easier for passengers to board and alight. In May, it began operating articulated “Twin Liner” buses with express service on the two routes between Tsujido Station North Exit and Shonan Life Town and Keio University Shonan Fujisawa Campus. In addition, in September it began serving the Tomei Yamato bus stop on the airport limousine bus route between Tamura Depot, Hon-Atsugi Station and Haneda Airport, further improving transport efficiency and convenience.」

「The company introduced 123 low-floor buses that make it easier for passengers to board and alight, began operating some routes into the north rotary at Minami-machida Station on the Tokyu Den-en-toshi Line, extended the intercity express bus route “Sagamiohno, Machida and Minami-machida–Mitsui Outlet Park Kisarazu” to Kisarazu Station in December, and began trial operations on new routes including “Oyamada-Sakuradai–Karakida Station East–Tama Southern Regional Hospital,” thereby improving convenience.」

「The company introduced 55 low-floor buses that make it easier for passengers to board and alight, and improved convenience by extending routes following the opening in April of the north rotary at Minami-machida Station on the Tokyu Den-en-toshi Line.」

「Capital investment during the consolidated fiscal year totaled ¥8,961 million, with the main objectives of enhancing passenger services and responding to diversifying demand, primarily in the general passenger automobile transportation business. Major investments included ¥6,943 million in the general passenger automobile transportation business for route bus replacements and the rebuilding of the Hiratsuka depot of 神奈川中央交通西㈱, among other projects.」

「With the aim of enhancing passenger services and responding to diversifying demand, the company made total capital investments of ¥8,868 million, mainly in its general passenger automobile transportation business.」