Four JR firms log record net losses in April-December period

Four JR firms log record net losses in April-December period
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Far fewer people than in normal years are seen on a shinkansen platform at Shin-Osaka Station on Dec. 26. | KYODO
Jiji
Feb 10, 2021
Four listed Japan Railways Group firms posted record net losses in April-December last year, hit by plunges in revenue from their mainstay transportation services amid the spread of the novel coronavirus.
Of the four, East Japan Railway Co., or JR East, revised down its net loss estimate for the year ending in March from ¥418 billion to ¥450 billion, as passenger demand fell further due to voluntary restrictions on going out that spread among the public following the government’s declaration in January of a state of emergency over the virus.

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