Nishi-Nippon Railroad Co., Ltd. (Nishitetsu) reported its consolidated accounts for the 2021 March term, which resulted in a net loss of ¥12 billion. The huge deficit was caused by the pandemic in its transportation business, hotel business, and other businesses. However, the company saw the least reductions in real estate sales, thanks to the popularity of its new apartments. Expected progress with vaccinations is expected to improve business performance in the next fiscal year. Source: Nikkei / Sankei
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