Niigata kotsu Co., Ltd.
9017・Standard Market・Land Transportation
Transportation Business
The core business of the Niigata Kotsu Group, operating passenger motor vehicle transportation and taxi services.
| Period | Current | Previous | Change |
|---|---|---|---|
| Sales to external customers by segment | ¥8,549 million | ¥8,560 million | ↓ |
| Segment profit (operating profit basis) | ¥514 million | ¥530 million | ↓ |
| Segment assets | ¥17,151 million | ¥16,660 million | ↑ |
| Depreciation and amortization | ¥545 million | ¥562 million | ↓ |
| Increase in tangible and intangible fixed assets (capital expenditure) | ¥941 million | ¥607 million | ↑ |
Business Details
Comprised of four companies: Niigata Kotsu Co., Ltd., Niigata Kotsu Kanko Bus Co., Ltd., Niigata Kotsu Sado Co., Ltd., and Minato Taxi Co., Ltd. The segment operates Regular Route Bus, Highway Bus, and Chartered Bus passenger motor vehicle transportation services as well as taxi operations. It provides wide-area public transportation from the Niigata City metropolitan area to Sado Island, serving as the core segment underpinning the Group's overall business foundation. In FY2026 (ending March 2026), sales to external customers were ¥8,549 million, accounting for approximately 42.1% of the Group's total sales of ¥20,332 million.
Recent Overview
Highway Bus and Chartered Bus posted revenue increases, but the Regular Route Bus segment weighed on the total due to lower subsidy income, resulting in a slight overall revenue decline.
Sales to external customers in the Transportation Business for FY2026 (ending March 2026) were ¥8,549 million (down 0.1% year on year). The Highway Bus segment saw increased revenue driven by the 40th-anniversary special campaign and the launch of a joint package ticket, and the Chartered Bus segment also saw increased revenue due to a rise in orders from travel agencies. On the other hand, although passenger fare revenue in the Regular Route Bus segment increased due to the Sado Island fare revision and other factors, the segment as a whole posted a revenue decline due to reduced subsidy income following the discontinuation of routes in mountainous areas of the Kaetsu region. To address the driver shortage, the timetable was revised three times during the year. Capital expenditure rose sharply year on year to ¥941 million.
Key Products
Growth Drivers
- Continuation of demand-stimulation measures through collaboration with local government, including "Free Bus Day via App" utilizing the smartphone app "Ryuto Link"
- Usage promotion measures in the Highway Bus segment, such as the launch of joint package tickets
- Expansion of bus tour orders from travel agencies in the Chartered Bus segment
- Capturing new demand through the opening of a new mountainous-area community bus route (June 2025)
- Increase in passenger fare revenue from the Sado Island fare revision (October 2025)
- Increased interest in bus usage and acquisition of new users through events such as the "Bandai City Bus Festival 2025"
Risks
- Difficulty maintaining stable operations due to driver shortages
- Pressure on profitability from rising fuel and other costs
- Structural decline in Regular Route Bus ridership due to population decline and changes in behavior
- Decrease in subsidy income accompanying the discontinuation or reduction of routes in mountainous areas
- Intensifying competition with alternative transportation modes such as private cars
- Risk of rising interest rates on interest-bearing debt
Last updated: June 24, 2026