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JR West's railroad sales fall the most since 1987

JR West's railroad sales fall the most since 1987

West Japan Railway Co., Japan's third-largest rail operator by market value, had its biggest drop in railroad revenue on record last fiscal year, as a slumping economy and lower highway fees cut sales.
The Osaka-based company's railroad revenue fell 6.7 percent in the 12 months ended March 31 from a year earlier, it said in a statement in Tokyo yesterday, without giving an amount.
The decline was the biggest since the company was formed in 1987, JR West's President Takayuki Sasaki told reporters in Tokyo.


Updated : 2021-05-16 17:55 GMT+08:00