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:
Fukushima Transportation, since 2008
Shonan Monorail, since 2015
Sado Kisen (ferry company), since 2022
Aizu Bus, since 2011
Kanto Transportation, since 2012
Northern Iwate Transportation, since 2010
Ibaraki Kotsu (bus company), since 2009
Higashinihon Kotsu (bus company), since 2018
Some expressway bus routes operated by affiliated companies of Michinori Holdings are named "Michinori Express" (MEX), designed by Yasuyuki Kawanishi, who also designed West Express Ginga.
Aizu Bus
The is a wholly owned subsidiary of Michinori Holdings. Tobu Group had shares of this company until 2011.
Its subsidiaries include Aizu Travel Service and Aizu Bus/Auto Service. It also owns Aizu Taxi.
Outline
Aizu Bus Company was established in 1943. 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
21 March 1943 – Company was established. Later that year, due to unification during World War II, additional routes were transferred to it, including those of Kihan Motor. December 1953 – Transferred bus routes between Aizu-Tajima Station and Kinugawaonsen Station from Tobu Railway 10 July – "Aizu-Wakamatsu – Koriyama – Iwaki Line" was operated as "limited express" with Fukushima Transportation and Joban Kotsu Motor 9 October 1987 – Discontinued bus routes between Aizu-Tajima and Kinugawaonsen due to opening of Yagan Railway. 20 January 1996 – "Aizu-Wakamatsu – Koriyama – Iwaki Line" was operated as "Expressway bus" and ran via Joban Expressway 24 May 1996 – Commenced operating Low Emission Bus between Aizu-Tajima Station and Oze National Park 2 October 1997 – Commenced operating "Aizu-Wakamatsu – Niigata Line" as "Expressway bus" with Niigata Kotsu 1 October 2009 – Aizu Taxi merged into Aizu Bus 2 December 2010 – Received support from "Regional Economy Vitalization Corporation of Japan" 2 August 2013 – "Regional Economy Vitalization Corporation of Japan" transferred its shares of Aizu Bus Company to Michinori Holdings. On 30 August, the transfer was completed, and since then, the bus company has belonged to Michinori Holdings.
Bus routes
Routemap
Further reading
Story of Aizu Bus
Story of Aizu Bus
Kanto Transportation
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, 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
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
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.