In its interim results, Mie Kotsu Group Holdings,Inc. reported record revenue from operations of ¥53.482 billion. Revenue and profit both increased, with revenue up 7.1% year on year, aided by demand for the Okihiki festival in Ise and the Asian Games in Aichi Prefecture.
Mie Kotsu Group Holdings,Inc. released its interim results on the 5th. For the interim consolidated period, revenue from operations was ¥53.482 billion, up 7.1% year on year. Operating profit was ¥5.58 billion, also higher, setting a record high for an interim period.
Ordinary profit was ¥5.497 billion, an increase of 4.4%, marking a record high for the third consecutive period. This indicated improved profitability across the business as a whole.
Firm demand in the transportation and leisure services fields, including the Okihiki festival in Ise and the Asian Games in Aichi Prefecture, was cited as a factor behind the increases in revenue and profit. The company also expressed expectations for tourism-related business ahead of next year’s second Okihiki festival and the relocation of Ise Jingu.
The company said it will continue to monitor trends in tourism-related demand while pursuing its medium- to long-term business development strategy.