Decline in Passenger Demand Due to a Decrease in the Working-Age Population
First written in FY2016. 3 of 17 entries say "Restated". Latest entry: 2026-07-27.
The whole theme swung hardest in 2024: 3 of 10 companies on the "Worse" side.
0 other companies' latest entry also says "Other".
- FY2026RestatedAnnual report
「In the bus business, revenue increased as passenger demand remained firm.」
The disclosure states that passenger demand remained firm in the bus business during the fiscal year. It does not state that structural demand risks, such as population decline, have been resolved. - FY2026-H1Passenger demand remained firmAnnual report
「In the bus business, revenue increased as passenger demand remained firm.」
The disclosure states that passenger demand remained firm in the bus business during the interim period, although this does not indicate a full recovery to pre-pandemic levels or the resolution of structural demand risks. - FY2024-Q3Added the recovery in nighttime demand and higher revenue from the fare revisionAnnual report
「In the taxi business, revenue increased at 神奈中タクシー㈱ as the reclassification of COVID-19 as a Category 5 disease under the Infectious Diseases Control Law led to a recovery in passenger demand, particularly at night, and fares were revised in November.」
The recovery in nighttime demand after the transition to Category 5 and the November taxi fare revision were cited as factors behind higher revenue. - FY2024-Q1Recovery in nighttime demand after the transition to Category 5 under the Infectious Diseases Control LawAnnual report
「In the taxi business, revenue increased at 神奈中タクシー㈱ as the classification of COVID-19 was lowered to Category 5 under the Infectious Diseases Control Law, resulting in a recovery in passenger demand, particularly at night.」
Against the backdrop of COVID-19 being reclassified as a Category 5 disease, passenger demand in the taxi business recovered mainly at night. This does not indicate that structural demand risks, such as the decline in the working-age population, have been resolved. - FY2023Bus operating revenue recovered to approximately 90% of its pre-pandemic levelAnnual report
「Revenue increased by ¥6,088 million from the previous consolidated fiscal year to ¥103,865 million, up 6.2% year on year, as passenger demand in the general passenger vehicle transportation business generally remained on a recovery trend, bus operating revenue recovered to approximately 90% of its pre-pandemic level as of the end of the period, and new vehicle sales increased in both the commercial vehicle and imported vehicle categories in the automotive sales business.」
Passenger demand was on a recovery trend, and bus operating revenue recovered to approximately 90% of its pre-pandemic level, but this did not represent a full recovery to historical levels. - FY2023-Q2Recovery in passenger demand spread across multiple businessesAnnual report
「In addition to a partial recovery in passenger demand, which had remained under pressure due to the spread of COVID-19, revenue increased as the Company worked to secure revenue, including by adding services during peak periods on the Tokyo Disney Resort® route launched in the previous fiscal year in response to usage trends. In the taxi business, revenue increased at 神奈中タクシー㈱ as the easing of COVID-19 restrictions and the extension of operating hours at restaurants and other establishments led to a recovery in passenger demand, particularly at night.」
In the bus business, passenger demand showed a partial recovery, while in the taxi business, demand recovered mainly at night against a backdrop of eased restrictions and longer operating hours at restaurants. - FY2023-Q1Partial recovery in passenger demandAnnual report
「Passenger demand, which had remained under severe conditions due to the spread of COVID-19, showed some recovery.」
Although this does not indicate a recovery to pre-pandemic levels, some recovery in passenger demand was reported despite continuing difficult conditions. - FY2022WorsenedAnnual report
「Regarding demand conditions in the future cash flows of the bus business, we forecast a decline of approximately 20% from pre-pandemic levels in the fiscal year ending March 2023 and a decline of 15% from the fiscal year ending March 2024 onward. While reflecting lower transportation revenue based on these assumptions and higher fuel costs due to rising crude oil prices, we have taken into account the effects of measures to increase revenue and reduce fixed costs, among others, and the recoverable amount is sufficiently higher than the carrying amount.」
The recognition that passenger demand would not return to pre-pandemic levels was expanded into specific forecasts of a 20% decline for the fiscal year ending March 2023 and a 15% decline from the fiscal year ending March 2024 onward. - FY2022-Q2Demand recovering but still well below pre-pandemic levelsAnnual report
「As a result, revenue from the general passenger automobile transportation business as a whole was ¥22,240 million, up 15.1% year on year, but passenger demand remained substantially below pre-pandemic levels, and the operating loss was ¥1,989 million, compared with an operating loss of ¥6,132 million in the same period of the previous year.」
It is stated that revenue recovered year on year, while passenger demand remained substantially below pre-pandemic levels. - FY2022-Q1Partial weekday recovery, but weak on weekends and holidaysAnnual report
「Passenger demand showed some recovery on weekdays, but remained weak on weekends and holidays.」
It is stated that passenger demand, which remains below pre-pandemic levels, partially recovered on weekdays while remaining weak on weekends and holidays. - FY2021WorsenedAnnual report
「After the COVID-19 pandemic subsides, we expect demand to remain approximately 10% below pre-pandemic levels.」
Taking into account the population decline and the persistence of changes in behavior, the company forecast that demand would remain approximately 10% below pre-pandemic levels even after the infectious disease subsides. - FY2020MitigatedAnnual report
「We are working to improve transportation efficiency by matching vehicles and timetables to local needs and operating conditions. This includes introducing articulated buses on routes expected to generate substantial passenger volumes based on accumulated passenger and other transportation data, and operating community buses in areas with narrow roads but potential demand through discussions at regional public transportation councils and joint operations with local governments.」
Specific measures to address declining demand due to a shrinking working-age population were described, including the use of transportation data, articulated buses, community buses and joint operations with local governments. - FY2019RestatedAnnual report
「In the group’s core general passenger automobile transportation business, a decline in the working-age population will lead to fewer users and may affect the group’s business performance and financial condition.」
The decline in passenger demand due to a shrinking working-age population continues to be identified as a risk. - FY2017RestatedAnnual report
「In the group’s core general passenger automobile transportation business, a decline in the working-age population will lead to fewer users and may affect the group’s business performance and financial condition.」
The decline in passenger demand due to a shrinking working-age population continues to be identified as a risk. - FY2016First statedAnnual report
「A decline in the working-age population will lead to fewer users and may affect the group’s business performance and financial condition.」
Demographic change is recognized as a factor contributing to declining passenger demand.