Michinori Holdings Explained

Michinori Holdings, Inc.
Native Name:みちのりホールディングス
Native Name Lang:ja
Romanized Name:Michinori Hōrudingusu Kabushiki-gaisha
Type:Public K.K.
Location City:1-9-2 Marunouchi, Chiyoda-ku, Tokyo (東京都千代田区丸の内1-9-2グラントウキョウサウスタワー8階)
Location Country:Japan
Key People:Jun Matsumoto[1]
Parent:Industrial Growth Platform, Inc.
Owner:Industrial Growth Platform, Inc.
Num Employees:4,900
Subsid:Fukushima Transportation
Shonan Monorail
Sado Kisen
Aizu Bus
Kanto Transportation
Northern Iwate Transportation
Ibaraki Kotsu
Higashinihon Kotsu

is a holding company headquartered in Chiyoda, Tokyo, and a wholly owned subsidiary of Industrial Growth Platform, Inc. Michinori Holdings rehabilitates deficit companies which have so much liability that they cannot act as an administrator of assets. It manages them by acquiring and holding their shares until they return to financial stability and viability.

As of 2022, Michinori Holdings currently holds and operates subsidiaries in the transportation sector, including bus, railway, and monorail companies. They are:[2]

Some expressway bus routes operated by affiliated companies of Michinori Holdings are named "Michinori Express" (MEX),[3] designed by Yasuyuki Kawanishi, who also designed West Express Ginga.

Aizu Bus

Aizu Bus Co., Ltd.
Parent:Michinori Holdings
Founded:21 March 1943
Headquarters:195 Byakkocho, Aizu-wakamatsu, Fukushima, Japan (福島県会津若松市白虎町195)
Service Type:Bus
Routes:Routemap
Ceo:佐藤 俊材
Website:Aizu Bus

The is a wholly owned subsidiary of Michinori Holdings. Tobu Group had shares of this company until 2011.[4]

Its subsidiaries include Aizu Travel Service and Aizu Bus/Auto Service. It also owns Aizu Taxi.

Outline

Aizu Bus Company was established in 1943.[5] It operates bus routes around Aizuwakamatsu in Fukushima Prefecture, many of which are based at Aizu-Tajima Station, Aizukōgen-Ozeguchi Station, and Aizu-Wakamatsu Station. Service area has many tourist spots, including Ōuchi-juku, Tō-no-Hetsuri, Aizuwakamatsu Castle, Lake Inawashiro, Mount Bandai, and Oze National Park.

Its headquarters are located at 195 Byakkocho, Aizuwakamatsu. Until 2011, the company also had a headquarters with Tobu Railway in Oshiage, Sumida, Tokyo.

History

Bus routes

Routemap

Aizu Bus – Highway Buses!Name!!Stops!!Note
Yumekaido Aizu LineAizu-Wakamatsu StationKoriyama StationIkebukuro StationShinjuku Highway Bus Terminal
Aizu-Wakamatsu – Sendai LineAizu-Wakamatsu StationKoriyama StationFukushima StationSendai Station (Miyagi)
Aizu-Wakamatsu – Niigata LineAizu-Wakamatsu StationKitakata StationNiitsu StationNiigata Stationoperates with Niigata Kotsu
Aizu-Wakamatsu – Fukushima – Sendai Airport LineAizu-Wakamatsu StationKoriyama StationFukushima StationSendai Airport
Kitakata – Koriyama Line[11] Kitakata OfficeShiokawa Green Plaza・Koriyama Women's UniversityKoriyama Station
Aizu-Wakamatsu – Nozawa LineAizu-Wakamatsu StationKitakata StationNozawa Station
Aizu-Wakamatsu – OuchijukuTo no Hetsuri LineAizu-Wakamatsu StationOuchijukuTo no HetsuriAizu-Shimogo StationShin-Shirakawa StationShirakawa Stationoperates with Fukushima Transportation
Aizu-Wakamatsu – Narita Airport LineAizu-Wakamatsu StationKoriyama Station (Fukushima)Narita Airportoperates with Chiba Kotsu
Urabandai – Tokyo Line[12] Urabandai Kogen・Lake Goshiki・Tokyo StationHaneda Airport

Further reading

Kanto Transportation

Kanto Transportation, Inc.
Parent:Michinori Holdings
Founded:8 May 1927
Headquarters:4-25-5 Yanase, Utsunomiya, Tochigi, Japan (栃木県宇都宮市簗瀬四丁目25番5号)
Service Type:Bus
Routes:Route bus map
Expressway bus map
Ceo:Gen Yoshida[13] [14]
Website:Kanto Bus

is a wholly owned subsidiary of Michinori Holdings.

Outline

The bus company was established as Kanto Motor LLC in 1923. After acquiring other companies, it changed to Kanto Transportation, Inc. on 8 May 1927. In 2004, the company requested and received management support from Industrial Revitalization Corporation of Japan due to financial difficulties. This company belonged to Jay Coach (an affiliated company of Jay Will Partners) until 2012,[15] when it was transferred to Michinori Holdings.

Kanto Transportation acquired Toya Kotsu on 1 October 2018. Additionally, this company capitalizes Utsunomiya Light Rail at 11%.

Its headquarters are located at 4-25-5 Yanase, Utsunomiya, Tochigi Prefecture.

Bus routes

Kanto Transportation – Expressway Buses!Name!!Stops!!Note
Maronnier
(Haneda Line) Yanagida Shako・Utsunomiya Station・Sano Shintoshi Bus Terminal・Haneda Airport
Mapple
Salvia
Horse chestnut tree
Kita-Kanto Liner(Mito Line) Utsunomiya StationAkatsuka Station (Ibaraki)Mito Station (Ibaraki)
Kanto Transportation – Community Buses!Name!!Stops!!Note
KIBUNA[16] Utsunomiya Station
Kamigochi Bus[17]
Ashikaga Municipal BusIrinagusa・Ashikagashi StationAshikaga Station
Tochigi Municipal Bus[18] Tochigi StationShin-Tochigi StationTōbu Kanasaki Station・Oyama Nishi Highschool[19]
RI-BUS[20] Momiyama StationShin-Kanuma StationKanuma Station
Nikko Municipal BusKami-Imaichi StationShimo-Imaichi StationImaichi StationShimotsuke-Ōsawa Station
O-BUSOyama Station

Affiliated companies

Nasu Ropeway

Kanto Transportation also operates a ropeway on Mount Nasu. The ropeway is 812 m long, has an elevation gain of 294 m, and takes 3 minutes and 40 seconds (one-way). It has a capacity of 111 people.The ropeway has two stations: Sanroku Station (where passengers can transfer to buses for Nasu-Shiobara Station) and Sancho Station (on Mount Chausu).

Yashio Kankō Bus

Yashio Kankō Bus K.K.
Parent:Kanto Transportation
Founded:June 1984
Headquarters:528-11 Sankumachi, Nasu-Shiobara, Tochigi, Japan (栃木県那須塩原市三区町528-11)
Service Type:Bus
Website:Yashio Kanko BUs

was established in June 1984 as part of Toya Kotsu, a subsidiary of Tobu Railway until 1 December 2016, when it was transferred to Michinori Holdings. In October 2018, Toya Kotsu was merged into Kanto Transportation.

Bus routes
NameStopsLocationNote
Nasukarasuyama Municipal Bus (Bato-Karasuyama Line)Karasuyama Station・Karasuyama High School・Owaku・Ogawa-Nakamachi・Nakagawa City Hall[21] ・Sanson Kaihatsu CenterNasukarasuyama, Tochigioperates with Nakagawa City
Nasushiobara Municipal BusNasushiobara StationKuroiso Station・Nasu No-Shikei Geka HospitalNasushiobara, Tochigi
Nakagawa Community BusKarasuyama Station・Karasuyama High School・Owaku・Ogawa-Nakamachi・Nakagawa City Hall・Sanson Kaihatsu CenterNakagawa, Tochigi

Discontinued companies

Toya Kotsu

Toya Kotsu Co., Ltd.
Parent:Michinori Holdings
Founded:9 February 1916
Headquarters:19-8 Hirade Kogyo Danchi, Utsunomiya, Tochigi, Japan (栃木県宇都宮市平出工業団地19番地8)
Service Type:Bus
Ceo:Motofumi Teduka (until 2018)
Website:Toya Kotsu

was a subsidiary of Tobu Railway until 2016, when it was transferred to Michinori Holdings. In 2018, it was merged into Kanto Transportation.

This bus company was established as Toya Railway in 1916. It began operating bus routes in 1928 and acquired other bus companies by 1934. The railway stations between Yutsuue Station and Nasu-Ogawa Station were discontinued in 1939. There was a planned extension from Nasu-Oagawa Station to Hitachi-Daigo Station. However, Toya Railway completely discontinued its railway line in 1968, and was renamed to Toya Kotsu in June 1969.

Toya Kotsu belonged to Tobu Railway from 1964 until 2016, at which time its shares were transferred to Michinori Holdings.[22] In 2018, it was merged into Kanto Transportation.[23] Nasu Ropeway and Yashio Kankō Bus were affiliated companies of Toya Kotsu until the merger in 2018.

Northern Iwate Transportation

Northern Iwate Transportation Co., Ltd.
Parent:Michinori Holdings
Founded:13 October 1943
Headquarters:1-17-18 Kuriyagawa, Morioka, Iwate (岩手県盛岡市厨川1-17-18)
Service Type:Bus
Website:http://www.iwate-kenpokubus.co.jp/

is a bus company and wholly owned subsidiary of Michinori Holdings since 2010.

The company was established on 13 April 1943 as Iwate Kenpoku Motor, following the consolidation of bus companies in Iwate during World War II. It was renamed on 26 April 2009 as Northern Iwate Transportation. On 1 April 2010, it became an affiliated company of Michinori Holdings.[24]

In 2016, Michinori Holdings began transferring Nambu Bus to this company.[25] [26] [27] [28] [29] By 2017, the business of Nambu Bus was inherited by Northern Iwate Transportation.[30]

The company headquarters are located at 1-17-18 Kuriyagawa, Morioka, Iwate.

This company is invested in the Iwate Galaxy Railway Line. The Iwate Galaxy Railway Company is based at Kuriyagawa Station.

Bus routes

Beam.1

StopsBeam.1LocationNote
Yokohama

Miyako
Yokohama

Miyako
Yokohama StationKanagawa PrefectureTrack 17
Shinagawa StationTokyo
Morioka-minami
Iwate Prefecture
Morioka Station
Miyako StationMiyakoTrack 6
Yamada Branch
Michi no Eki YAMADA

Urban

Asunaro

StopsAsunaroLocationNote
Morioka

Aomori
Morioka

Aomori
Morioka StationIwate PrefectureTrack 23
Hanawa◎/◆◎/◇Akita Prefecture
Kosaka Highschool
IkarigasekiHirakawaAomori Prefecture
Botandaira
Hagurodaira NamiokaAomori
Aomori-Ono
Yanagimachi Dori
Shinmachi 2 chome
Aomori StationTrack 9
Aomori Ferry Terminal

YODEL

StopsYodelLocationNote
Morioka

Hirosaki
Morioka

Hirosaki
Morioka StationIwate PrefectureTrack 23
Tohoku-OwaniAomori Prefecture
Hirosaki StationTrack 1
Hirosaki BTTrack 2

Umineko

StopsUminekoLocationNote
Sendai

Hachinohe
Sendai

Hachinohe
Sendai StationMiyagi PrefectureTrack 74, 75
Hachinohe InterAomori Prefecture
Baba
Hachinohe Down Town BT
Hon-Hachinohe Station
Hachinohe LAPIA BTTrack 4

Hachimori

Michinoku

StopsOdateMoriokaLocation
Iwate Medical UniversityMorioka, IwateIwate Prefecture
Morinomichi minami
Morioka Station
Sakigata
Morioka Inter
Ashiro JunctionHachimantai, Iwate
Ashiro Interchange
Tayama Parking Area
Kaduno Hachimantai InterchangeKazuno, AkitaAkita Prefecture
Kaduno Antora mae
Kazuno-Hanawa Station
Kemanai
Otaki OnsenOdate, Akita
Hinaicho iriguchi
Odate
Itoku Odate Shopping Mall
Shuhoku Bus Headquarters
Odate Station
Itoku Odate Shopping Mall
Michinori Express (MEX)!Name!!Stops!!Note
MEX Aomori LineAomori Ferry Terminal・Aomori StationHirosaki StationSaitama-Shintoshin StationShinjuku Highway Bus TerminalTokyo Disney Sea
MEX Hachinohe LineHachiohe LAPIA BT・Hon-Hachinohe StationMorioka StationYahaba StationShinjuku Highway Bus TerminalKawasaki Station
MEX Misawa LineMisawa Station・Hachiohe LAPIA BT・Hachinohe StationMorioka StationShinjuku Highway Bus TerminalTokyo Disney Sea

Nambu Bus

Nanbu Bus Co., Ltd.
Founded:21 February 1926
Headquarters:6-79 Korekawa-Futatsuya, Hachinohe, Aomori, Japan (青森県八戸市是川二ツ屋6-79)
Service Type:Bus
Website:Nanbu Bus

This bus company was merged into Northern Iwate Transportation on 1 March 2017, and the company was discontinued in 2018.

The company was establishment as Gonohe Electric Railway on 21 February 1926.[31] It opened rail lines between Shirinai Station and Kami-Shichizaki Station (23 August 1929), between Kami-Shichizaki and Shitogishi (10 October 1929), and between Shitogishi and Gonohe Station (1 April 1930). On 28 October 1931, the company began offering bus services as well. The company was renamed "Gonohe Railway" 1936 and subsequently Nambu Railway in 1945.

Operation of the railway line was suspended following the 1968 Tokachi earthquake, and in April 1969, the company discontinued its railway business. On 30 May 1970, it was renamed to Nambu Bus.

Nambu Railway

Ibaraki Kotsu

Ibaraki Kotsu Co., Ltd.
Parent:Michinori Holdings
Founded:27 March 2009
Headquarters:3-5-36 Hakamaduka, Mito, Ibaraki, Japan (茨城県水戸市袴塚三丁目5番36号)
Service Type:Bus
Ceo:任田 正史
Website:Ibaraki Kotsu

is a bus company that operates many bus routes in Ibaraki. It is a wholly owned subsidiary of Michinori Holdings. Affiliated companies include the Hitachinaka Seaside Railway and Kanto Railway.

The service area is based at Mito Station and covers northern and central Ibaraki Prefecture and southern Tochigi Prefecture.[32]

Outline

Ibaraki Kotsu was established on 1 August 1944 due to integration during World War II. It was formed as the merger of three railway companies: Suihin Densha (established 1921; discontinued 1966), Ibaraki Railway (established 1923; discontinued 1971), and Minato Railway (established 1907). Following the merger, Ibaraki Kotsu controlled three lines: the Suihin Line, the Ibaraki Line, and the Minato Line. In 2008, the Ibaraki Kotsu Minato Line was transferred to Hitachinaka Seaside Railway.

In October 1992, Ibako Kenhoku Bus was established, but later merged into Ibaraki Kotsu in February 2010. On 1 June 2010, Ibaraki Auto was also merged into Ibaraki Kotsu.

Hitachi Dentetsu Kotsu Service was merged into this company on 1 May 2019, and the Hitachi Dentetsu Taxi was renamed to Dentetsu Taxi.[33]

Nanohana Kotsu, a tourist bus company, became an affiliated company of Ibaraki Kotsu.[34]

Requested Civil Rehabilitation

By the late 2000s, Ibaraki Kotsu had too debt, so the company applied under the Civil Rehabilitation Act.[35] On 19 November 2008, it was determined that the company would be reconstructed. On 27 March 2009, Industrial Growth Platform began supporting the company, and established IBAKO Co., Ltd. which inherited the assets of Ibaraki Kotsu.

Hitachi Dentetsu Kotsu

Hitachi Dentetsu Kotsu Service Co.
Parent:Michinori Holdings
Service Type:Bus
Website:Hitachi Dentetsu Kotsu

was a bus company that operated many bus routes in Ibaraki. In 2019, this company was discontinued and merged into Ibaraki Kotsu. Until 1 April 2005, this company had operated the Hitachi Electric Railway Line.[36]

Higashinihon Kotsu

Higashinihon Kotsu Co., Ltd
Parent:Michinori Holdings
Founded:16 January 1979[37]
Headquarters:17-2 Yamagishi-Ohira, Morioka, Iwate, Japan (岩手県盛岡市山岸大平17-2)
Service Type:Bus
Ceo:Jun Matsumoto
Website:Higashinihon Kotsu

is a bus company that operates bus routes in Iwate. It is a wholly owned subsidiary of Michinori Holdings.

Outline

The firm was established as Chuo Kanko in 1974. The registered persisting company was established on 16 January 1979 as Chuo Kanko LLC. On 24 April 2018, a manager requested acquisition from Michinori Holdings because of old age.[38]

Bus routes

Higashinihon Kotsu – Bus Routes!Name!!Stops!!Note
Iwaizumi – Moichi LineMiyako Hospital・Miyako StationSentoku StationMoichi StationKariya StationNakasatoWainai Station・Utsuno・FushiyaAsanaiNishoishiIwaizumi bashi・Iwaizumi HospitalBustitution of the Iwaizumi Line, since 1 April 2014
Yamabushi LineHottoyuda Station・Yumoto Onsen・Kaizawa・Morioka Station・Morioka Bus Center
Hanamaki Airport Shuttle BusKitakami StationHanamaki Airport

Parent company

Industrial Growth Platform, Inc.
Native Name:株式会社経営共創基盤
Native Name Lang:ja
Romanized Name:Kabushiki gaisha Keiei-Kyoso Kiban
Foundation: (incorporation)
Location City:1-9-2 Marunouchi, Chiyoda-ku, Tokyo (東京都千代田区丸の内1-9-2グラントウキョウサウスタワー17階)
Location Country:Japan
Key People:Kazuhiko Toiyama (CEO)
Owner:N.E.CHEMCAT, KDDI, Sumitomo Corporation, Toho Bank, Nomura Holdings, Recruit Holdings, Resona Holdings, Bank of Yokohama, Sumitomo Mitsui Banking Corporation, Fuji Soft
Subsid:Michinori Holdings
Nanki-Shirahama Airport

is a holding company located in Chiyoda, Tokyo. Its main operation is that it manages and has shares of, which is a wholly owned subsidiary providing services such as railway lines and bus routes in Japan. Nanki-Shirahama Airport is also managed by Nanki-Shirahama Airport, Inc.,[39] a subsidiary of Industrial Growth Platform.[40]

The company servants are transferred from .[41] Its main business was management reconstruction for companies that had too many liabilities to continue operating, but that still had business resources.

See also

External links

Notes and References

  1. https://toyokeizai.net/articles/-/181459 About Michinori Holdings
  2. Web site: みちのりホールディングス|グループ会社 . Group Companies . 2023-01-09 . Michinori Holdings . ja.
  3. http://www.ibako.co.jp/contents/newsrelease/2018/08/18417.html Expressway bus was designed as "MEX" commnenced operating
  4. http://www.revic.co.jp/pdf/news/2010/101202newsrelease.pdf About transferring shares to Michinori Holdings
  5. http://www1.tcue.ac.jp/home1/sanken/pdf/45-2/45-2oshima.pdf About Aizu Bus
  6. http://www.aizubus.com/osrs_dtl.php?app_forward=PcOsrsDtlDispAction&hisn_no=76 About supporting
  7. https://web.archive.org/web/20150913032910/http://www.minpo.jp/news/detail/2015091025229 Avoid bankrupt due to support
  8. http://www.aizubus.com/pdf/kabunushiidou.pdf About shares
  9. http://www.revic.co.jp/pdf/news/2013/130802newsrelease-2.pdf Aizu Bus has belongs to Michinori Holdings
  10. http://www.michinori.co.jp/pdf/20130802_aizu.pdf Announcement of transferring shares
  11. Web site: 高速バス 喜多方⇔郡山. 会津乗合自動車. 2018-06-17.
  12. Web site: 高速バス 羽田空港・東京⇔猪苗代・裏磐梯. 会津乗合自動車. 2019-10-06.
  13. Web site: 関東自動車 新社長に吉田専務 手塚氏は相談役、6月就任. 下野新聞SOON.
  14. Web site: 代表取締役社長交代のお知らせ. みちのりホールディングス.
  15. https://web.archive.org/web/20140102171511/https://www.kantobus.co.jp/topics/pdf/000139.pdf About transferring shares
  16. https://www.city.utsunomiya.tochigi.jp/kurashi/kotsu/kokyo/1006069.html About KIBUNA
  17. https://www.city.utsunomiya.tochigi.jp/kurashi/kotsu/kokyo/1006071.html About Kamigochi Bus
  18. https://www.city.tochigi.lg.jp/soshiki/20/325.html About Tochigi Micipal Bus
  19. Transfer onto O-BUS bound for Oyama Station via Omoigawa Station
  20. https://www.city.kanuma.tochigi.jp/0495/info-0000001380-1.html About RI-BUS
  21. Transfer onto Kanto Transportation bound for Ujiie Station or Nishi-Nasuno Station
  22. http://www.michinori.co.jp/pdf/20161031_toya.pdf About transferring shares
  23. https://www.michinori.co.jp/pdf/20180525_PR_integration.pdf About merging into Kanto Transportation
  24. http://www.iwate-kenpokubus.co.jp/pdf/sin.pdf About transferring shares
  25. http://www.toonippo.co.jp/news_too/nto2016/20161202020254.asp 南部バス再生手続き、2~3月にも事業譲渡
  26. http://www.nikkei.com/article/DGXLZO10033500Y6A121C1L01000/ 南部バス、再生法申請 岩手県北自動車に事業譲渡へ
  27. http://www.travelvision.jp/news-jpn/detail.php?id=75487 青森の南部バスが再生法申請、負債26億円-旅行会社も譲渡へ
  28. http://www.iwate-kenpokubus.co.jp/uploads/281228.pdf 岩手県北自動車による南部バスの事業の承継について
  29. http://www.nanbubus.co.jp/pdf/routebus/info/201612281725570.pdf 事業譲渡契約締結に関するお知らせ
  30. https://this.kiji.is/202624209791041542?c=80488020680492539 南部バス、事業譲渡を延期 28日見込み 3月から新体制
  31. 『地方鉄道及軌道一覧 : 昭和10年4月1日現在』
  32. Web site: センター試験 茨城大学・常磐大学会場へ増便します. 2019-01-16. 2018-12-28. 茨城交通株式会社. 茨城交通株式会社.
  33. Web site: 茨城交通株式会社と日立電鉄交通サービス株式会社の経営統合(合併)に関するお知らせ. 2018-12-25. 2018-12-13. 茨城交通株式会社. 茨城交通株式会社.
  34. https://www.michinori.co.jp/pdf/20210802_PR_ibako.pdf About Nanohana Kotsu becoming an affiliated company of Ibaraki Kotsu
  35. Web site: 大型倒産速報. 2008-12-20. 帝国データバンク. https://web.archive.org/web/20090201035751/http://www.tdb.co.jp/tosan/syosai/2827.html. 2009-02-01.
  36. https://web.archive.org/web/20041205052751/http://www.hitachi-dentetsu.co.jp/rail/abrail01.html About discontinuing Railway Line
  37. http://ej-bus.com/company/ About company
  38. http://michinori.co.jp/pdf/20180424_PR.pdf About this company
  39. Web site: 南紀白浜空港 :: 株式会社南紀白浜エアポート 会社概要 . 2023-04-16 . shirahama-airport.jp.
  40. Web site: Corporate Summary IGPI(EN) . 2023-04-16 . ja.
  41. "Industrial Revitalization Corporation of Japan's" shares was held by Deposit Insurance Corporation of Japan, and this company was disbanded on 15 March 2007