JR Kyushu reported increased revenue and profit for the fifth consecutive fiscal year, driven by higher railway income following fare increases introduced last April. Group revenue reached a record Y500.3 billion, while net profit rose 4.1% year-on-year to Y45.4 billion. The company also recorded a Y9.4 billion extraordinary loss after canceling a planned mixed-use building project above tracks at Hakata Station because of rising material costs. JR Kyushu forecast further revenue and profit growth for the current fiscal year but said its outlook does not include potential impacts related to the situation in Iran because future effects are difficult to calculate. Company officials cited concerns about rising energy costs and supply disruptions involving petroleum-based industrial materials. Source: NHK News / JR Kyushu
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