Rental Car Demand and Earnings Risk from Competition with Car Sharing
First written in FY2026-H1. 3 of 5 entries say "Worsened", first in 2026-05-14. Latest entry: 2026-08-07.
Kycom Holdings moved to the "Worse" side of this theme in 2026.
2 other companies' latest entry also says "Worsened".
- 2026-08-07WorsenedEarnings
「Although demand is trending toward recovery and expansion, customer traffic remained sluggish owing to factors including competition with car sharing. As vehicle-related expenses, personnel expenses and other costs increased, revenue was ¥42 million, up 3.8% year on year, and the business recorded an operating loss of ¥4 million, compared with an operating loss of ¥2 million in the same period a year earlier.」
Although demand is recovering and expanding, sluggish customer traffic due to competition with car sharing and other factors, together with higher costs, continued. The operating loss widened from ¥2 million to ¥4 million year on year. - FY2026WorsenedAnnual report
「In the car rental business, the increase in customer traffic following the extension of the Hokuriku Shinkansen to Tsuruga leveled off, while competition with car sharing also affected results. Revenue was ¥172 million, up 5.7% year on year, and the business recorded an operating loss of ¥16 million, compared with operating income of ¥14 million a year earlier.」
Demand and earnings risks, including competition with car sharing, continued, and the rental car business deteriorated from operating profit of ¥14 million in the previous year to an operating loss of ¥16 million. - FY2026-H1First statedAnnual report
「In the car rental business, the increase in customer traffic resulting from the extension of the Hokuriku Shinkansen to Tsuruga leveled off, and the business also faced competition from car sharing. Revenue was ¥86 million, up 7.5% year on year, and the operating loss was ¥5 million, compared with operating profit of ¥11 million in the same period of the previous year.」
The company explicitly identified competition with car sharing as a performance factor for the rental car business for the first time, and recorded an operating loss of ¥5 million in the current interim consolidated accounting period.