Overview
Land Transportation

Shinki Bus Co.,Ltd.

Shinki Bus Co., Ltd. is a regional transportation and lifestyle services conglomerate headquartered in Hyogo Prefecture, primarily operating scheduled bus services across the Harima and Kobe regions of western Japan through its parent company and subsidiaries including Wing Shinki Co., Ltd. and Shinki Zone Bus Co., Ltd. Beyond its core bus operations, the Group provides taxi and freight transport, vehicle sales and maintenance, real estate leasing and brokerage, travel and chartered bus services, food and beverage operations along expressways, and leisure facility management including AWAJI EARTH MUSEUM. The Group also operates social services such as childcare and elderly care, and has established a presence in Thailand through transportation-related and travel businesses.

Market Cap
¥23.3B
US$148M
EV
¥15.3B
US$97.3M
Stock¥1,926▼-0.62%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
2.8
x
LTM EV/EBIT
4.0
x
LTM PER
8.4
x
LTM PBR
0.4
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-21.5%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
23.3BUS$148MMarket Cap6.09BUS$38.8M+ Debt7.37BUS$47.0M− Cash6.79BUS$43.3M− Inv. Sec.0.07BUS$0.47M+ NCI15.3BUS$97.3MEV
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Performance & Balance
Revenue 5Y (¥B)
38.8US$248M'22/344.8US$286M'23/349.5US$316M'24/353.0US$338M'25/355.6US$354M'26/3
EBITDA 5Y (¥B)
2.42US$15.4M'22/34.06US$25.9M'23/34.86US$31.0M'24/35.53US$35.2M'25/35.79US$36.9M'26/3
Net Income 5Y (¥B)
2.14US$13.6M'22/31.77US$11.3M'23/32.25US$14.4M'24/32.47US$15.8M'25/33.16US$20.1M'26/3
Capital Structure
90%
EquityD/E 0.11xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
14.4US$92.0M4.20US$26.8M'22/313.6US$86.6M3.01US$19.2M'23/39.82US$62.6M2.33US$14.9M'24/310.5US$66.7M3.56US$22.7M'25/312.4US$78.9M6.40US$40.8M'26/3
Shareholders
Top 10 hold 27.3%
1
Hanshin Electric Railway Co., Ltd.
9.78%
2
Japan Custody Bank, Ltd. (re-trust by Sumitomo Mitsui Trust Bank, Ltd. — Sanyo Electric Railway Co., Ltd. Retirement Benefit Trust Account) (Note 3)
7.28%
3
Shinki Bus Co.,Ltd. Employee Stock Ownership Association
2.54%
4
Mitsubishi Fuso Truck and Bus Corporation
1.57%
5
Sumitomo Mitsui Banking Corporation
1.19%
6
Hyogo Prefecture Credit Agricultural Cooperatives Federation
1.00%
7
Bansyu Shinkin Bank
0.99%
8
Himeji Shinkin Bank
0.99%
9
GLORY LTD.
0.99%
10
The Yokohama Rubber Company,Limited
0.99%
Management
15 officers
Makoto NAGAO
Representative Director, President
Apr 1982 Joined the Company Jun 2003 General Manager, Planning Department (currently General Manager, Corporate Planning Department) Feb 2005 President, A.B.C. Shinki Travel Co., Ltd. (currently Shinki Travel Co., Ltd.) Jun 2005 Director; concurrently General Manager, Planning Department Jun 2009 Managing Director Apr 2012 President, Shinki Kanko Holdings Co., Ltd. (currently Shinki Kanko Co., Ltd.) Jun 2012 Senior Managing Director Jun 2013 Representative Director, President (current) Jun 2015 Chairman, Hyogo Bus Association (Public Interest Incorporated Association) (current) May 2017 Director, Sanyo Department Store Co., Ltd. Jun 2017 Director, Sanyo Electric Railway Co., Ltd. (current)
1959-07-23
Akinori MARUYAMA
Representative Director, Senior Managing Director; Overall Supervision, Tokyo Office
Mar 1981 Joined the Company Jun 2003 General Manager, Bus Division Jun 2006 Director; concurrently General Manager, Bus Division Jun 2007 Chairman, Route Bus Committee, Hyogo Bus Association (Public Interest Incorporated Association) (current) Jun 2009 Managing Director May 2012 President, Shinki Create Co., Ltd. (currently Shinki Biz Produce Co., Ltd.) Jun 2013 Senior Managing Director May 2014 President, Shinki Environmental Service Co., Ltd. (currently Shinki Bus Real Estate Co., Ltd.) Jun 2017 Representative Director, Senior Managing Director (current) Apr 2022 Concurrently General Manager, Regional Business Headquarters
1958-05-16
Kosei MITANI
Senior Managing Director; in charge of Corporate Planning Department
Apr 1990 Joined Nippon Kogyo Bank, Ltd. (currently Mizuho Bank, Ltd.) Oct 2007 Executive Officer, M&A Center Co., Ltd. (Nihon M&A Center Inc.) Apr 2012 Executive Officer and General Manager, Osaka Branch, M&A Center Co., Ltd. Jan 2016 President, Japan M&A Advisor Co., Ltd. Mar 2019 President, YMA Co., Ltd. (current) Jun 2021 Director of the Company Jun 2025 Senior Managing Director of the Company (current)
1967-05-27
Eiichi UMETANI
Managing Director; in charge of Bus Division and Next-Generation Mobility Promotion Office
Apr 1987 Joined the Company Jun 2012 Manager, Akashi Sales Office, Bus Division May 2014 Managing Director, Shinki Create Co., Ltd. (currently Shinki Biz Produce Co., Ltd.) May 2015 President, Shinki Create Co., Ltd. (currently Shinki Biz Produce Co., Ltd.) May 2017 President, Swim Co., Ltd. (currently Shinki Biz Produce Co., Ltd.) Jun 2021 Director of the Company; concurrently General Manager, Corporate Planning Department Apr 2022 President, Shinki Food Service Co., Ltd. Jun 2023 Managing Director (current) Jan 2026 President, Bus Terminal Kobe Sannomiya Co., Ltd. (current)
1963-07-08
Kimihito MIKI
Managing Director; in charge of Co-Creation Business Headquarters; General Manager, Co-Creation Business Headquarters
Apr 2001 Joined the Company Apr 2016 Head, Bangkok Office, Business Strategy Department Nov 2017 President, Shinki International Co., Ltd. (current) Jun 2023 Director of the Company (current); concurrently General Manager, Business Strategy Department Jun 2026 General Manager, Co-Creation Business Headquarters (current) Managing Director of the Company (current)
1973-07-01
Arihiro IMURA
Director; in charge of General Affairs and Human Resources Departments; General Manager, Human Resources Department
Apr 1994 Joined the Company May 2016 Director, Shinki Kanko Holdings Co., Ltd. (currently Shinki Kanko Co., Ltd.) Jun 2018 General Manager, Human Resources Department May 2019 President, Shinki Angel Heart Co., Ltd. (current) Jun 2020 Director of the Company (current); concurrently General Manager, Human Resources Department (current) Jun 2021 Concurrently General Manager, General Affairs Department
1971-03-26
Kan UOTANI
Director; General Manager, Bus Division
Apr 1993 Joined the Company Jun 2019 President, West Shinki Co., Ltd. (currently Wing Shinki Co., Ltd.) Jun 2021 General Manager, Bus Division of the Company (current)
1969-10-15
Tadaaki YOKOYAMA
Full-time Audit & Supervisory Board Member
Apr 1994 Joined the Company Apr 2014 General Manager, Planning Department (currently General Manager, Corporate Planning Department) Jun 2016 Director; concurrently General Manager, Planning Department Jun 2017 Concurrently General Manager, Bus Division Jun 2021 Managing Director Jun 2026 Full-time Audit & Supervisory Board Member (current)
1971-10-18
Hisashi SAWADA
Audit & Supervisory Board Member
Mar 1976 Completed the Legal Training and Research Institute of the Supreme Court Apr 1976 Registered with Osaka Bar Association Mar 1978 Registered with Kobe Bar Association (currently Hyogo Prefectural Bar Association); established Sawada Law Office Jun 1994 Audit & Supervisory Board Member, Yamato Kogyo Co., Ltd. Jun 2006 Audit & Supervisory Board Member of the Company (current) May 2019 Established Sawada, Nakagami & Mori Law Office (current) May 2019 Director (Audit and Supervisory Committee Member), Wada Kosan Co., Ltd.
1947-05-26
Kazuhiro KAMIKADO
Director
Apr 1980 Joined Sanyo Electric Railway Co., Ltd. Jun 2005 Director, Sanyo Electric Railway Co., Ltd. Jun 2009 President, Sanyo Electric Railway Co., Ltd. Jun 2013 Director, Hanshin Electric Railway Co., Ltd. Jun 2013 Director of the Company (current) Jun 2025 Chairman, Sanyo Electric Railway Co., Ltd. (current) Representative Director, President, Sanyo Leisure Service Co., Ltd. (current)
1958-03-22
Sukemasa FUJIOKA
Director
Dec 2007 Lecturer, Accounting, Sasin School of Management, Chulalongkorn University (current) Apr 2011 Director, Japan Center, Sasin School of Management, Chulalongkorn University Apr 2017 Director, Sekisui Heim Real Estate (Thailand) Co., Ltd. Apr 2018 Associate Professor, Graduate School of Global Business, Meiji University Graduate School of Professional Studies Jun 2019 Director of the Company (current) Apr 2020 Full-time Professor, Graduate School of Global Business, Meiji University Graduate School of Professional Studies (current) Jan 2022 Visiting Professor, Waseda University Business School (current) Apr 2022 Academic Affairs Chief, Meiji University Graduate School of Professional Studies Apr 2026 Specialist, Office of the President, Meiji University (current)
1976-12-11
Miki TONOMURA
Director
Apr 1983 Joined Fukujuen Co., Ltd. Jan 1992 Representative Director, TM Office Co., Ltd. (current) Apr 2015 Part-time Lecturer, MBA Program, Graduate School of Business, Doshisha University (current) Apr 2017 Regional Revitalization Evangelist, Cabinet Office (current) Jan 2019 Representative Director, Regional PR Organization (General Incorporated Association) (current) Jun 2020 Director of the Company (current) May 2023 Advisor, Kinki Local Finance Bureau, Ministry of Finance (current)
1961-02-26
Yusuke KUSU
Director
Apr 1984 Joined Hanshin Electric Railway Co., Ltd. Jun 2006 President, Hanshin Bus Co., Ltd. Apr 2013 Director, Hanshin Electric Railway Co., Ltd. Dec 2017 Managing Director, Hanshin Electric Railway Co., Ltd. Apr 2018 Executive Vice President, Hankyu Hanshin Real Estate Co., Ltd. Apr 2020 Senior Managing Director, Hanshin Electric Railway Co., Ltd. Jun 2020 President, Nishi-Osaka Expressway Railway Co., Ltd. Apr 2023 President, Hanshin Electric Railway Co., Ltd. (current) Jun 2023 Executive Vice President, Hankyu Hanshin Holdings, Inc. (current) Jun 2023 Director of the Company (current)
1961-06-17
Kazufumi IWASAKI
Audit & Supervisory Board Member
Nov 1975 Joined Taiyo Accounting Firm (currently EY Shinnihon LLC) Mar 1979 Registered as Certified Public Accountant Jul 2005 Senior Partner, Head of Kobe Office, Shinnihon Audit Corporation (currently EY Shinnihon LLC) Jul 2005 Established Iwasaki Certified Public Accountant and Tax Accountant Office (current) Jul 2010 Audit & Supervisory Board Member, Masuda Seifunjo Co., Ltd. May 2011 Audit & Supervisory Board Member, Ecoring Co., Ltd. (current) Mar 2013 Audit & Supervisory Board Member, Tageki Chemical Co., Ltd. Jun 2014 Director, Niji Corporation Jun 2017 Supervisor, Kobe Minori Public Corporation (currently Kobe Agricultural Policy Public Corporation) (current) Jun 2022 Audit & Supervisory Board Member of the Company (current) Mar 2026 Outside Audit & Supervisory Board Member, Danto Holdings Corporation (current)
1948-04-19
Kazuhiko NAKAO
Audit & Supervisory Board Member
Apr 1982 Joined The Taiyo Kobe Bank, Ltd. (currently Sumitomo Mitsui Banking Corporation) Apr 2014 Executive Officer, Head Office, Sumitomo Mitsui Banking Corporation Jun 2014 Standing Audit & Supervisory Board Member, Sumitomo Mitsui Financial Group, Inc. Jun 2017 Executive Vice President, Representative Director, Kobe Tochi Tatemono Co., Ltd. Jun 2019 President, Representative Director, Kobe Tochi Tatemono Co., Ltd. Jun 2020 Audit & Supervisory Board Member, Sanyo Electric Railway Co., Ltd. Jun 2022 Chairman, Representative Director, Kobe Tochi Tatemono Co., Ltd. Jun 2023 Audit & Supervisory Board Member of the Company (current) Jun 2024 Director (Audit and Supervisory Committee Member), Jinei Co., Ltd. (current)
1959-07-01
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-06
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-23
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-06
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-06
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-06
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-23
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-06-24
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-12
Quarterly Securities Report
EDINET
2021-06-25
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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