JR Kyushu’s net income fell by 36% to 11.4 billion yen for April-June 2024, despite record-high operating revenue of 104.1 billion yen, up 6% from the previous year. The decline is attributed to the absence of last year’s gain from the sale of Drug Eleven shares. Passenger rail revenue increased by 5%, reaching 98% of pre-pandemic levels. Revenue from real estate rentals and hotels rose significantly, driven by increased visitor numbers and high room occupancy rates. Source: JR Kyushu
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