SHINKI BUS CO.,LTD.
9083・Standard Market・Land Transportation
Automobile Transportation
The core business of the Shinki Bus Group. Provides regional transportation centered on Hyogo Prefecture through route buses, highway buses, and chartered buses.
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment sales (including internal sales) | ¥25,783 million | ¥24,137 million | ↑ |
| Segment operating income | ¥2,124 million | ¥1,423 million | ↑ |
| Segment assets | ¥26,380 million | ¥24,261 million | ↑ |
| Depreciation expense | ¥617 million | ¥1,054 million | ↓ |
| Capital expenditure (increase in tangible and intangible fixed assets) | ¥2,475 million | ¥1,431 million | ↑ |
Business Details
Shinki Bus Co., Ltd. serves as the core operator of fixed-route passenger transportation, with Shinki Zone Bus Co., Ltd. and Wing Shinki Co., Ltd. conducting fixed-route passenger transportation, Shinki Taxi Co., Ltd. and others conducting passenger transportation (taxi), Shinki Teiso Co., Ltd. conducting freight transportation, and Shinki Trust Hope Co., Ltd. conducting vehicle driving and maintenance management. The segment consists of the Route Bus, Highway Bus, and Vehicle Management divisions, with its primary areas centered on Hyogo Prefecture (Himeji, Kobe, Sanda, Akashi, etc.) while promoting route expansion into the Kobe and Osaka areas. It is the largest segment, accounting for approximately 42% of the Group's consolidated net sales (including internal sales).
Recent Overview
With the Expo-related demand surge, fare revision, and change in depreciation method all overlapping, operating income improved significantly, up 49.2% year on year.
In FY2026 (ending March 2026), the Automobile Transportation segment achieved net sales of ¥25,783 million (up ¥1,646 million, or 6.8%, year on year) and operating income of ¥2,124 million (up ¥700 million, or 49.2%, year on year). For route buses, the effect of the October 2024 fare revision and the start of shuttle bus operations to "GLION ARENA KOBE" contributed. For highway buses, access buses to the Osaka-Kansai Expo captured robust demand. In addition, the change in the depreciation method for vehicles from the declining-balance method to the straight-line method increased this segment's profit by ¥711 million. The operating company of "Busta Kobe Sannomiya" was established and added to the scope of consolidation.
Key Products
Growth Drivers
- Continuation of the sales increase effect from the fare revision implemented in October 2024
- Route expansion into the Kobe and Osaka areas (expansion of Kobe Airport access buses, launch of new Sanda-Kyoto Line)
- New revenue opportunities from establishing the operating framework toward the opening of "Busta Kobe Sannomiya"
- Capturing demand by reallocating transportation capacity used for the Expo toward highway bus route expansion after the Expo ended
- Increased sales in the Vehicle Management division from new corporate transportation contracts
- Change in vehicle depreciation method from declining-balance to straight-line (contributed +¥711 million to segment profit for the current period)
Risks
- Decline from the reversal of special demand related to the Osaka-Kansai Expo (already factored into the earnings forecast for FY2027, ending March 2027)
- Risk of profit pressure from driver shortages and rising labor costs (human capital management positioned as the top priority issue)
- Rising fuel and lubricant costs (amid an unstable international situation)
- Impact on profit levels once the effect of the change in depreciation method (declining-balance to straight-line) fades
- Structural changes in route bus demand (behavioral changes triggered by the COVID-19 pandemic)
- Risk of economic downside due to heightened U.S. trade policy and geopolitical risks
Last updated: June 23, 2026