Sanyo Electric Railway Co.,Ltd.
9052・Prime Market・Land Transportation
Transportation Business
The core segment of the Sanyo Electric Railway Group, supporting transportation demand along the railway lines through railway, bus, and taxi operations.
| Period | Current | Previous | Change |
|---|---|---|---|
| External customer operating revenue (full year) | ¥21,284 million | ¥20,027 million | ↑ |
| Segment profit (full year) | ¥1,645 million | ¥1,272 million | ↑ |
| Segment assets (fiscal year-end) | ¥54,323 million | ¥51,879 million | ↑ |
| Depreciation expense (full year) | ¥2,470 million | ¥2,378 million | ↑ |
| Increase in property, plant and equipment and intangible assets (full year) | ¥5,278 million | ¥4,759 million | ↑ |
Business Details
Comprised of four companies: Sanyo Electric Railway (Railway Business), Sanyo Bus (Bus Business), and Osaka Sanyo Taxi and Sanyo Taxi (Taxi Business). Centered on a railway network of 63.2km in operating distance, it serves the transportation needs of residents and tourists along the lines in the southern part of Hyogo Prefecture. In FY2026 (ending March 2026), external customer operating revenue was ¥21,284 million, accounting for approximately 53% of the group total (¥40,132 million), making it the largest segment. In addition to the effect of fare revisions, increased passenger numbers driven by the Osaka-Kansai Expo and the addition of Beppu Station as a stop for through express trains drove performance.
Recent Overview
Increased revenue and profit driven by fare revisions, the Expo effect, and the addition of Beppu Station as a stop. External revenue increased 6.3% year on year.
In the Transportation Business segment for FY2026 (ending March 2026), in addition to the effect of fare revisions in the railway, bus, and taxi businesses, increased tourism and leisure demand along the lines due to the Osaka-Kansai Expo, and increased passenger numbers resulting from Beppu Station becoming a stop for through express trains, contributed to results. External customer operating revenue reached ¥21,284 million (up ¥1,256 million, or 6.3%, year on year), and segment profit was ¥1,645 million (up ¥372 million, or 29.2%, year on year), achieving significant growth in both revenue and profit. Capital expenditure also increased to ¥5,278 million year on year, as the company continues to invest in renewing railcars and facilities.
Key Products
Growth Drivers
- Effect of fare revisions in the railway, bus, and taxi businesses (continuing from FY2024 and FY2025)
- Increased tourism and leisure demand along the lines due to the Osaka-Kansai Expo
- Increased passenger numbers due to Beppu Station becoming a stop for through express trains
- Leisure demand along the lines from events such as the reopening of Mitsui Outlet Park Marine Pia Kobe
- Improved convenience through the QR code-based digital ticketing service "Surutto QRtto" and touch payment boarding services
- Improved service quality through new construction of 6000 series railcars and renovation of existing railcars
Risks
- Long-term decline in transportation demand along the lines due to the declining birthrate, aging population, and population decrease
- Cost pressure from rising fuel prices, inflation, and increased labor costs
- Impact on capital expenditure and borrowing costs from interest rate rise risk
- Substantial capital expenditure associated with facility maintenance and renewal (capital expenditure of ¥5,278 million in FY2026)
- Human resource challenges, including driver shortages, in the bus business
Last updated: June 18, 2026