Komori
Musashino Kogyo (9635) · InitiativeRevenue Up, Profit DownLatest Earnings (2026-08-07): "Advanced"

Differentiation of Driving Schools Through a Diverse Range of Licenses and Services

First written in FY2016. 20 of 36 entries say "Restated". Latest entry: 2026-08-07.

36entries
11years
3from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2018RestatedFY2019-Q2 – FY2020-Q3AdvancedFY2025-H1 – 2026-06-042016: 320162017: 420172018: 420182019: 320192020: 420202021: 420212022: 220222023: 320232024: 320242025: 220252026: 42026
Same theme, other companies
Differentiating driving schools through a wide range of licence courses and ancillary servicesA 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.

Full recordFilings, disclosures and news, newest first
  1. 2026-08-07AdvancedEarnings

    「The number of new enrollees for training in standard vehicles, semi-medium vehicles, large and standard motorcycles, and other categories remained strong and exceeded the previous year’s results. The number of senior-driver courses conducted also exceeded the same period of the previous year and remained strong following efforts to strengthen acceptance capacity.」

    The number of new enrollees and senior-driver courses conducted exceeded the previous year, indicating progress in capturing demand.
  2. FY2026Revenue Up, Profit DownAnnual report

    「Although total enrolment across all vehicle types for the full fiscal year was below the previous year, operating revenue exceeded the previous year due to the effect of higher standard passenger-vehicle training fees, an increase in the amount of training completed after enrolment, and steady revenue from commissions for courses for older drivers and other programmes. Meanwhile, segment profit was below the previous year due to higher depreciation expenses resulting from the replacement of training vehicles and major renovation work at driving school facilities.」

    Although total enrolment across all vehicle types was below the previous year, revenue rose 3.6% year on year due to fee revisions, an increase in the amount of training completed and revenue from courses for older drivers. Meanwhile, segment profit fell 37.6% due to higher depreciation expenses resulting from the replacement of training vehicles and major renovations.
  3. FY2026-H1AdvancedAnnual report

    「In the automotive driving school division, the number of new enrollees remained at the same level as the previous year, partly due to growing demand for heavy-, medium-sized and semi-medium vehicle licences. Training progress after enrolment, including for existing students who enrolled in the previous fiscal year, also remained steady, and the number of courses for older drivers commissioned exceeded the same period of the previous year as participation continued to trend upward.」

    New enrolment in heavy-, medium-sized and semi-medium vehicle programmes was maintained at the previous year's level, training progress was steady, and the number of commissioned courses for older drivers exceeded the same period of the previous year. Although demand capture progressed, the segment recorded a loss due to the replacement of training vehicles and other factors.
  4. FY2025AdvancedAnnual report

    「In the automotive driving school division, enrolment in the core standard passenger-vehicle, heavy-vehicle and medium-sized vehicle programmes remained strong, exceeding the previous year's results in each case. The number of courses for older drivers conducted also remained firm, supported by the completion of training after enrolment and stronger acceptance capacity. As a result, total segment revenue was ¥304 million, up 4.6% year on year, and segment profit was ¥40 million, up 15.4%.」

    Enrolment in standard passenger-vehicle, heavy-vehicle and medium-sized vehicle programmes and the number of courses for older drivers conducted remained firm. Revenue rose 4.6% year on year and segment profit increased 15.4%.
  5. FY2025-H1AdvancedAnnual report

    「In the automotive driving school division, active sales activities lifted the number of new enrollees for standard passenger-vehicle and heavy-vehicle programmes, which form the core of revenue, above the previous year. The number of participants accepted for courses for older drivers, which we have been focusing on, also exceeded the previous year. As a result, total segment revenue was ¥130 million, up 5.3% year on year, and segment profit was ¥5 million, compared with a segment loss of ¥0 million in the previous year.」

    Active sales activities lifted new enrolment in standard passenger-vehicle and heavy-vehicle programmes and participation in courses for older drivers above the previous year. Revenue rose 5.3% year on year, and the segment turned from a loss in the previous year to a ¥5 million profit.
  6. FY2024Full-year confirmation of weak demand for standard passenger vehicles and firm demand for heavy vehicles and other licencesAnnual report

    「In the automotive driving school division, new training for applicants seeking licences for vehicle types other than standard passenger vehicles and enrolment in courses for older drivers remained firm. However, although we conducted sales activities mainly targeting high school and university students approaching graduation season for our core standard passenger-vehicle licence programme, demand remained sluggish throughout the year and the number of new students acquired during the period was below the previous year.」

    Training for vehicle types other than standard passenger vehicles, including heavy and medium-sized vehicles, and courses for older drivers remained firm, while new student acquisition for the core standard passenger-vehicle licence programme was below the previous year.
  7. FY2024-Q3Weak demand for standard passenger vehicles, firm demand for heavy vehicles and other licencesAnnual report

    「In the automotive driving school division, new training for applicants seeking heavy- and medium-sized vehicle licences and enrolment in courses for older drivers remained firm. Meanwhile, although we conducted sales activities mainly targeting high school and university students approaching graduation season for our core standard passenger-vehicle licence programme, the number of new students acquired during the period was slightly below the previous year.」

    New training for heavy- and medium-sized vehicle licences and courses for older drivers remained firm, while new student acquisition for the standard passenger-vehicle licence was slightly below the previous year. We continue to capture demand through a diverse range of training programmes, but weakness is evident in core demand.
  8. FY2024-Q2RestatedAnnual report

    「In the automotive driving school division, we continued to focus on training for the standard passenger-vehicle and heavy-vehicle licences, which are the main sources of revenue, while expanding capacity for courses for older drivers, including through facility expansion. Although demand for courses for older drivers has enabled us to secure a stable number of participants, standard passenger-vehicle training continues to experience a backlash across the prefecture following the increase in licence holders during the period of voluntary restrictions on movement caused by COVID-19 through the previous fiscal year.」

    We continue to focus on standard and heavy-vehicle training and expand facilities for courses for older drivers. While enrolment in courses for older drivers remains stable, standard passenger-vehicle training continues to experience a backlash following the increase in demand during the COVID-19 pandemic.
  9. FY2024-Q1AdvancedAnnual report

    「In the automotive driving school division, we focused on training for the standard passenger-vehicle and heavy-vehicle licences, which are the main sources of revenue, while expanding our capacity to provide courses for older drivers, for which social demand is increasing, including through facility expansion. Courses for older drivers are progressing as planned, while the standard passenger-vehicle and heavy-vehicle programmes are experiencing the effects of a backlash following the increase in licence holders during the period when COVID-19 was spreading.」

    While focusing on standard passenger-vehicle and heavy-vehicle training, we expanded capacity for courses for older drivers through facility expansion and other measures, and this initiative is progressing as planned.
  10. FY2023RestatedAnnual report

    「We will continue to expand training content to meet diverse customer needs and respond promptly to future legal amendments relating to driving-licence acquisition. In addition, recognising that the convenience of shuttle buses is an important factor when students choose a driving school, we will continue to review our shuttle-route network as needed and implement operating measures to improve student convenience.」

    We continue to improve student convenience through diverse training content, responses to legal amendments and reviews of the shuttle-route network.
  11. FY2022AdvancedAnnual report

    「During the consolidated fiscal year, demand for standard passenger-vehicle licences declined due to the declining birth rate, while demand for heavy vehicles and motorcycles increased substantially, resulting in higher operating revenue.」

    Demand for heavy vehicles and motorcycles increased as we captured demand through a diverse range of licence programmes, and revenue from the driving school business rose 3.5% year on year. However, operating profit fell 25.0% year on year due to higher selling, general and administrative expenses, so the impact of these measures on performance was mixed.
  12. FY2022-Q3RestatedAnnual report

    「We offer programmes meeting customer needs, including courses for older drivers, heavy vehicles, semi-medium vehicles and towing vehicles, and will respond promptly to future legal amendments relating to driving-licence acquisition. In addition, recognising that the convenience of shuttle buses at driving schools is an important factor when customers choose a school, we will continue to review shuttle routes as needed and implement operating measures to improve student convenience.」

    We continue initiatives to capture broad demand through a diverse range of training programmes, responses to legal amendments and reviews of shuttle routes.
  13. FY2022-Q2RestatedAnnual report

    「We have expanded our training content to meet customer needs, offering a diverse range of programmes including the standard passenger-vehicle licence, heavy vehicles, medium-sized vehicles, semi-medium vehicles, towing vehicles, heavy special vehicles, heavy motorcycles and courses for older drivers. Going forward, we will respond promptly to legal amendments relating to driving-licence acquisition and meet the needs of those seeking licences. In addition, recognising that the convenience of shuttle buses is an important factor when students choose a driving school, we will continue to review our shuttle-route network as needed and implement operating measures to improve student convenience.」

    We continue differentiation and customer-acquisition measures based on a broad range of licences, courses for older drivers, responses to legal amendments and reviews of the shuttle-route network.
  14. FY2022-Q1AdvancedAnnual report

    「Although demand for driving licences among high school students approaching graduation season had eased, demand for licences other than the standard passenger-vehicle licence, including heavy-vehicle and special-vehicle licences, increased, and operating performance remained firm. As a result, total segment revenue was ¥102 million, up 20.7% year on year, and segment profit was ¥33 million, up 15.7%.」

    Demand for licences other than the standard passenger-vehicle licence increased, with revenue from the automotive driving school business up 20.7% year on year and segment profit up 15.7%. Progress in capturing demand through a diverse range of training programmes is reflected in performance.
  15. FY2021RestatedAnnual report

    「Going forward, we will further raise our recognition in the local community as a driving school offering a broad range of licences in addition to the standard passenger-vehicle licence, including heavy vehicles, heavy motorcycles, heavy special vehicles, towing vehicles and courses for older drivers. While working to attract a broad range of students, we will also seek to optimise the deployment of instructors and develop more finely tailored shuttle bus routes to create an environment in which students can easily travel to the driving school.」

    We continue differentiation measures based on a broad range of licences, courses for older drivers, instructor deployment and shuttle routes.
  16. FY2021-Q3RestatedAnnual report

    「In this business environment, in addition to our core standard passenger-vehicle licence, we will focus on expanding a broad range of training programmes, including semi-medium vehicles, heavy vehicles, heavy special vehicles, heavy motorcycles and courses for older drivers. We will also secure finely tailored shuttle routes to make the driving school easier to access and work to maintain earnings.」

    We continue our policy of capturing broad demand and maintaining earnings through a diverse range of training programmes and finely tailored shuttle routes.
  17. FY2021-Q2RestatedAnnual report

    「In this business environment, in addition to our core standard passenger-vehicle licence, we will focus on promoting a broad range of training programmes, including semi-medium vehicles, heavy vehicles, heavy special vehicles, heavy motorcycles and courses for older drivers. We will secure finely tailored shuttle routes that reflect students' needs and implement thorough measures to prevent COVID-19, while valuing our ties with the local community and working to become a safe and secure driving school.」

    We continue our policy of securing a broad range of students through a diverse range of training programmes, finely tailored shuttle routes and infectious-disease prevention measures.
  18. FY2021-Q1RestatedAnnual report

    「In this business environment, we will expand the content of our training programmes, including semi-medium vehicles, heavy vehicles, heavy special vehicles, heavy motorcycles and courses for older drivers, in addition to the standard passenger-vehicle licence. We will aim to become an easily accessible driving school through finely tailored shuttle routes, and, while paying attention to measures to prevent COVID-19, as in the film business, we will value our ties with the local community and work to secure earnings.」

    We continue differentiation and customer-attraction measures based on a broad range of vehicle programmes, including courses for older drivers, and finely tailored shuttle routes. We have also added infectious-disease prevention measures as an operating measure.
  19. FY2020RaisedAnnual report

    「Going forward, we will further raise our recognition in the local community as a driving school offering a broad range of licences in addition to the standard passenger-vehicle licence, including heavy vehicles, heavy motorcycles, heavy special vehicles, towing vehicles and courses for older drivers. While working to attract a broad range of students, we will also seek to optimise the deployment of instructors and develop more finely tailored shuttle bus routes to create an environment in which students can easily travel to the driving school. We analyse these efforts as contributing to greater stability in performance.」

    In addition to the existing range of vehicle training programmes and shuttle-route development, we aim to attract a broad range of students by expanding the programmes covered to include courses for older drivers and towing vehicles.
  20. FY2020-Q3RestatedAnnual report

    「In this business environment, we will promote the breadth of our training programmes for licences other than the standard passenger-vehicle licence, including motorcycle, heavy-vehicle and special-vehicle licences. In addition, by becoming an easily accessible driving school through the development of shuttle bus routes, we will work to maintain earnings by attracting support from a broad range of groups rather than students alone.」

    We continue our policy of attracting support from a broad range of groups, including non-students, by promoting training programmes for licences other than the standard passenger-vehicle licence and developing shuttle bus routes.
  21. FY2020-Q2RestatedAnnual report

    「In this business environment, we will expand and promote training programmes for licences other than the standard passenger-vehicle licence, including motorcycle, heavy-vehicle and special-vehicle licences. In addition, by developing shuttle bus routes to become an easily accessible driving school, we aim to attract support from a broad range of groups rather than students alone and maintain earnings.」

    We continue our policy of acquiring students from a broad range of groups and maintaining earnings by expanding and promoting training programmes for licences other than the standard passenger-vehicle licence and developing shuttle bus routes.
  22. FY2020-Q1Additional development of shuttle bus routesAnnual report

    「In this business environment, we will expand training programmes for licences other than the standard passenger-vehicle licence, including motorcycle, heavy-vehicle and special-vehicle licences, and aim to become an easily accessible driving school by developing shuttle bus routes. In this way, we will recruit students from a broad range of groups rather than students alone and work to maintain earnings.」

    In addition to offering a broad range of training programmes and appealing to a wide customer base, we have added the development of shuttle bus routes as a specific measure to attract customers and improve convenience.
  23. FY2019-Q3RestatedAnnual report

    「We recognise and analyse the difficult business environment in the automotive driving school business, including the declining birth rate, the declining interest in driving licences among younger people and competition from nearby driving schools, as having affected our ability to secure students. In this environment, in addition to the standard passenger-vehicle licence, we will further promote the breadth of our training programmes for a variety of vehicle types, including semi-medium vehicles, heavy vehicles, heavy special vehicles and heavy motorcycles, and will maintain earnings by offering a wide range of training plans.」

    We recognise the declining birth rate, declining interest in driving licences and competition as risks, and continue initiatives to maintain earnings by promoting training programmes for a variety of vehicle types other than standard passenger vehicles and multiple training plans.
  24. FY2019-Q2RestatedAnnual report

    「In this business environment, in addition to the standard passenger-vehicle licence, we will further promote the breadth of our training programmes for a variety of vehicle types, including heavy vehicles, medium-sized vehicles, heavy motorcycles, standard motorcycles and heavy special vehicles, and will maintain earnings by offering a wide range of training plans.」

    We continue initiatives to maintain earnings by promoting training programmes for a variety of vehicle types other than standard passenger vehicles and multiple training plans.
  25. FY2019-Q1RaisedAnnual report

    「In light of this business environment, we will expand training programmes for licences other than the standard passenger-vehicle licence, including motorcycle, heavy-vehicle and special-vehicle licences, recruit students from a broader range of groups rather than students alone, and work to maintain earnings.」

    In addition to expanding training programmes for licences other than the standard passenger-vehicle licence, we have stated a policy of recruiting students from a broad range of groups rather than students alone, thereby widening our target customer base.
  26. FY2018RestatedAnnual report

    「To address the declining birth rate and the declining interest in driving licences among younger people, the automotive driving school division has stepped up promotional activities highlighting the driving school's strengths, including its spacious course and broad range of available licence training. We will strengthen ties with the local community, continue improving the training environment, including by expanding shuttle routes and training instructors, and differentiate ourselves from competing driving schools as we work to become a more trusted and preferred driving school.」

    We continue differentiation measures based on a broad range of licences, a spacious course, promotion, shuttle services, instructor training and stronger ties with the local community.
  27. FY2018-Q3RestatedAnnual report

    「We promoted various discount campaigns and other initiatives to encourage driving-licence acquisition, primarily among high school and university students approaching graduation season, but the initial response has remained sluggish and the campaigns have yet to produce results.」

    We continue measures to attract students through discount campaigns and other initiatives targeting high school and university students, but the effects have yet to emerge.
  28. FY2018-Q2RestatedAnnual report

    「Demand for driving licences, primarily among students, has also eased, making this a difficult period in which to attract new students. Nevertheless, we worked to maintain operating performance by replacing training vehicles and implementing various discount campaigns.」

    We continue initiatives to attract new students and maintain operating performance through the replacement of training vehicles and discount campaigns.
  29. FY2018-Q1RestatedAnnual report

    「The driving school business will further raise awareness of itself as a driving school where customers can obtain a wide variety of motor-vehicle driving licences.」

    The company continues its differentiation strategy of raising awareness as a driving school offering a wide range of licences.
  30. FY2017RestatedAnnual report

    「The company worked to differentiate itself from nearby driving schools as a driving school offering a wide range of licences, from standard passenger-vehicle licences to large-vehicle, special-vehicle and motorcycle licences. It also focused on attracting customers through active sales activities, including various training-fee discount campaigns and door-to-door visits, timed to meet demand for driving licences during the graduation season for high school and university students.」

    The company continues to differentiate the driving school and attract customers through a diverse range of licences, discount campaigns and door-to-door visits.
  31. FY2017-Q3RestatedAnnual report

    「The company actively conducted various training-fee discount campaigns in preparation for the graduation season for high school and university students and strengthened PR activities to attract new trainees. However, enrollment was delayed, resulting in segment revenue of ¥241 million, down 8.1% year on year, and segment profit of ¥23 million, down 41.7% year on year.」

    The company continues measures to attract new trainees through discount campaigns and PR activities and is strengthening its PR activities.
  32. FY2017-Q2RestatedAnnual report

    「Although demand for driving licences, particularly among students, has eased and it is a difficult period for attracting new trainees, the company conducted locally focused sales activities, including various discount campaigns and detailed shuttle services, and worked to maintain its sales performance.」

    The company continues measures to attract new trainees through discount campaigns and shuttle services.
  33. FY2017-Q1RestatedAnnual report

    「In the real estate business, the Company focused primarily on real estate leasing, while in the driving school business it concentrated on improving services, including expanding shuttle routes, in an effort to stabilize operations.」

    The driving school business continues to promote stability through service improvements, including enhanced shuttle routes.
  34. FY2016First statedAnnual report

    「The driving school business is working to raise awareness of itself as a driving school offering training for a wide range of driving licences, not only standard passenger-vehicle licences, thereby differentiating itself from competing driving schools. At the same time, it is enhancing shuttle routes, training driving instructors and improving services, with the aim of further increasing its value as a trusted comprehensive driving school in the local community.」

    The company uses a diverse range of licences, shuttle services, instructor training and service improvements as means of differentiation.
Moved together

"Debt reduction through repayment of interest-bearing debt" moved the same way as this thread, in the same document, in 10 of its 36 moves.

1077766★123456
  1. ★This thread
  2. 1Debt reduction through repayment of interest-bearing debt10×
  3. 2Entry into film distribution through in-house acquisitions7×
  4. 3Maintenance and Renewal Investment in Owned Assets and Facilities7×
  5. 4Guarantees of Indebtedness for Non-Consolidated Companies7×
  6. 5Risks to Film Business Earnings from the Audience-Drawing Power of Screened Films and Competition6×
  7. 6Risk of declining demand for driving instruction due to a declining young population6×

★ 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
No upcoming earnings preview for Musashino Kogyo yet. It last moved in the Earnings of 2026-08-07: "Advanced".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Differentiation of Driving Schools Through a Diverse Range of Licenses and Services | Musashino Kogyo Co.,Ltd. (9635) | Komori