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JR Kyushu Posts Record Profits Amidst Recovery

JR Kyushu announced that for the six months up to September this year, the group’s overall financial results showed increased revenue and profit, with a record high final profit for an interim financial statement. According to the announcement, JR Kyushu’s group revenue from April to September increased by 12% compared to the same period last year, reaching 190.7 billion yen, with a final profit that more than doubled to 27.9 billion yen. The transition of COVID-19’s infectious disease classification to Category 5 and the recovery in the number of passengers contributed to the increased revenue and profit, resulting in a record interim final profit. President Yoji Furumiya of JR Kyushu mentioned at a press conference that “things are generally going smoothly,” while acknowledging that revenue from medium to long-distance railway services such as the Kyushu Shinkansen is a challenge. In response to questions about the construction of the new western Kyushu Shinkansen route between Shin-Tosu and Takeo Onsen in Saga Prefecture, President Furumiya said, “I always say this, but when thinking about the most accessible location for the people of Saga, it would be best if the route passed through Saga Station.” Source: JR Kyushu / NHK

JR Kyushu Posts Record Profits Amidst Recovery

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Category
Business
Kyushu
Published: Nov 8, 2023 / Last Updated: Nov 9, 2023

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