Regarding application for approval to set upper limit on passenger fares on Rokko Cable Car

Mt. ROKKO CABLE CAR & TOURISM COMPANY (Headquarters: Nada-ku, Kobe City, President: Kimihiko Teranishi) filed an application for approval to set a passenger fare ceiling for Rokko Cable Car to the Director-General of the Kinki Transport Bureau on Friday, February 9, 2024.

For the time being, we will maintain the current standard passenger fare (600 yen one-way for adults) and frequency of service, and there will be no changes to the transportation service for our customers.

1. Reason for application

Rokko Cable Car Line, which our company operates as a Class 1 railway operator, began operation in 1932, but due to aging, the natural characteristics of Mt. The cable car is aging, and in 2022, the cable car was suspended twice due to cracks in its underframe.

In response to this situation, we transferred the assets related to Rokko Cable Car to our parent company HANSHIN ELECTRIC RAILWAY CO.,LTD., Ltd. (hereinafter referred to as "Hanshin Electric Railway"), through a company split, and Hanshin Electric Railway transferred funds for investment and maintenance management. In addition, we will utilize the knowledge of Hanshin Electric Railway's urban transportation business to improve the safety of Rokko Cable Car and improve facilities and equipment, in order to further work on the medium- to long-term development and revitalization of Mt. Rokko. Our company applied for permission for a Type 2 railway business on December 15, 2023, and was granted permission on January 26, 2024.

Due to the above circumstances, we have applied for approval to set a new upper limit on passenger fares for Rokko Cable Car in order to change our business form from a Class 1 railway operator to a Type 2 railway operator.

 

Note) Class 1 railway operator: A person who operates a railway business using its own railway lines.
Type 2 railway operator: A person who operates a railway business using a third party's tracks.

 

2. Main details of application for approval to set upper fare limit

(1) Regular passenger fare: 800 yen one-way for adults (currently 600 yen)

The child passenger fare is 50/50 of the regular adult passenger fare.

<For the time being, the current fares will be maintained for both adults and children. ＞

 

(2) Regular passenger fares will be the same as the current fares for both commuting and school. ＞

① Commuting regular passenger fare (adult)

Current fare Application fare difference
1 month 8,160 yen 8,160 yen 0 Yen
3 months 23,260 yen 23,260 yen 0 Yen
6 months 44,060 yen 44,060 yen 0 Yen

 

②School commuter pass (adult)

Current fare Application fare difference
1 month 3,310 yen 3,310 yen 0 Yen
3 months 9,430 yen 9,430 yen 0 Yen
6 months 17,870 yen 17,870 yen 0 Yen

Note: Children's regular passenger fares for both commuting and schooling remain unchanged.

 

(3) Average regular fare discount rate Commuting 83.0% (currently 77.3%) Commuting to school 93.1% (currently 90.8%)

 

(4)Other (Business start date as a Type 2 railway operator) April 1, 2024

 

that's all