Local News

JR Kyushu released its business plan for FY 2009, which includes projected non-consolidated capital investments of 55.6 billion yen, the company’s highest total ever. The outlays will be focused on the development of the new Hakata Station and rolling stock for the Shinkansen with the opening of the Kyushu Shinkansen line scheduled for 2011. The company expects higher revenue from its condominium operations, but forecasts a decline in current and net profit from the year-before period due to higher operational costs and other factors.