Local News

JR Kyushu Posts Profit Declines Despite Record Revenue

On its consolidated interim report for the current fiscal year, JR Kyushu revealed it had recorded record high revenue for the third straight year, but that both current profit and net profit fell for the second year in a row. The primary surge in revenue came from the station building and real estate operations. Income from this sector alone rose 14.1% from the previous year. Meanwhile, the lower profit resulted from the diminished return on investments by the operations stabilization fund caused by turbulence in international financial markets. Profits from this activity dropped by about 2.5 billion yen.

Published: Oct 30, 2008 / Last Updated: Oct 30, 2008

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