Message
from the President

I would like to express my thanks for the outstanding support that the Mie Kotsu Group’s business receives.​

At the 17th Ordinary General Meeting of Shareholders and Board of Directors’ meeting held on June 23, 2023, I was elected and assumed President and Representative Director. I intend to continue to policies of Okamoto, the previous Chairman, and Hara, the previous President, and work to give my best efforts and fulfill my responsibilities. Thank you in advance for your understanding and support.​

As the pure holding company that oversees the Mie Kotsu Group, the Company plans and implements the Group’s basic strategies while also promoting and supporting the business activities of each company and business in the Group. With reliability of the Mie Kotsu brand power as the foundation, the four different business areas of transportation, real estate, distribution, and leisure services collaborate and complement each other. In this way, the Company is aiming for sustainable growth using the Group's comprehensive strengths.

The Japanese economy has seen a move toward recovery, primarily in domestic demand due to the normalization of economic activities, despite high prices of commodities continuing due to the prolongation of Russia’s invasion into Ukraine and other factors. Under such circumstances, in the Transportation segment and Leisure services segment, the Group has worked to capture leisure demand, which has increased due to the effect of tourism support measures, such as the national travel subsidy program, as well as demand related to large-scale events, such as the F1 Japanese Grand Prix. Moreover, in the Distribution segment, we made efforts to increase revenue by opening of a new “Hands” store, which is franchise operated, in the Matsuzakaya Nagoya Store. In addition, we achieved increases in revenue and profit for two consecutive fiscal years as stable revenue from the leasing business and environmental energy business in the Real estate segment, which we have focused on, drove the Group’s earnings. Aiming to contribute to customers’ fulfilling lifestyles and local communities even more than before while working for sustainable growth and the enhancement of corporate value going forward, we formulated the new four-year Mid-term Management Plan, which starts in fiscal year 2023, in May 2023. As a key measure in the Transportation segment, which is the source of our creditworthiness, we will aim to expand revenue by introducing articulated buses to areas where mass transport can be expected through the transit bus business, and working on demand generated from large-scale events, such as EXPO 2025 OSAKA, KANSAI, JAPAN, which is under preparation, through the charter bus business, under our most important basic policy of “delivering safety, peace of mind, reliability, and comfortable services.” Furthermore, in the Real estate segment, which we also focused on in the previous Mid-term Management Plan, we will proactively promote business so that the Real estate segment can become a growth driver for the Group going forward, such as by further expanding the leasing business, including the No. 2 Nagoya Sanco Building (tentative name) and Sanco Yokkaichi Ekimae Building (tentative name), which are currently under construction, and aiming to develop and sell sale-type rental condominiums in a planned manner.

In addition, as part of the realization of DX, we further enhanced the convenience of the “Mie Kotsu Group app,” which was released one year ago and is used by many customers, by adding and enhancing functions. By steadily implementing these initiatives and further enhancing the revenue foundation for each business as well as promoting the establishment of cost reductions that were carried out under COVID-19 pandemic and digitalization to realize DX, we will return earnings, which fell during the pandemic, to a growth track.

As we will devote ourselves to working for the Group’s further growth under the new structure, we ask for everyone’s continued guidance and support.

June 2023