Nishi-Nippon Railroad Co., Ltd. announced a net profit of 9.3 billion yen for Q1 2023, a 2.4-fold increase from the previous year, largely due to the sale of Nishishin Palace in Fukuoka City. Despite growth in transportation services post-COVID-19, a significant reduction in international logistics led to a 19% decrease in operating revenue to 96.8 billion yen. The company also revised its revenue forecast downwards for the fiscal year ending March 2024, while making an upward revision to its net profit forecast. Source: Nisitetsu / Nikkei
Stay informed with the latest Fukuoka & Kyushu news and events in English. Sign up for our free weekly newsletter today and never miss a beat. Opt out anytime, your privacy is our priority. Get the inside scoop with The Now
Summaries based on public content, errors may occur during translation. Images credited independently. Send feedback using this form.
