Kyushu_Railway_Company

Kyushu Railway Company

Kyushu Railway Company

Japanese railway company


The Kyushu Railway Company[2], also referred to as JR Kyushu (JR九州, Jeiāru Kyūshū), is one of the seven constituent companies of Japan Railways Group (JR Group). It operates intercity rail services within Kyushu, Japan and the JR Kyushu Jet Ferry Beetle hydrofoil service across the Tsushima Strait between Fukuoka and Busan, South Korea. It also operates hotels, restaurants, and drugstores across its service region.[3][4] JR Kyushu's headquarters are in Hakata-ku, Fukuoka.[5]

Quick Facts Native name, Romanized name ...
Quick Facts Operation, National railway ...

History

When Japanese National Railways was divided in 1987, Kyushu Railway Company inherited its assets and operations on the island of Kyushu along with losses of around 28.8 billion yen, exacerbated by a growing highway network in Kyushu and many lightly used rural lines. After privatization, JR Kyushu diversified its business into new ventures such as fish and mushroom farming and car sales. Two of its more successful side ventures were the Beetle ferry, started in 1991, and the Train d'or bakery chain, started in 1992. JR Kyushu also built up its premium rail services through the development of the Kyushu Shinkansen high-speed rail line and the Seven Stars in Kyushu luxury excursion train.[6]

The company introduced SUGOCA, a smart card ticketing system, from 1 March 2009.

JR Kyushu executed its initial public offering in October 2016.[3] Non-railway operations account for roughly 60% of the company's sales and most of its profits.[6]

Lines

Shinkansen line

Main lines

885 series White Sonic limited express EMU

Other lines

Limited express and tourist train services

The Seven Stars in Kyushu Class DF200 locomotive DF200-7000, September 2013

See also

Notes

  1. Largest shareholders:
    Morgan Stanley investment accounts(5.55%)
    TMTBJ investment trusts (4.80%)
    J.P. Morgan investment accounts (3.39%)
    SSBTC TREATY 505234 (2.84%)

References

  1. "Fact Sheets 2017" (PDF). Archived (PDF) from the original on 9 July 2018. Retrieved 9 July 2018.
  2. 九州旅客鉄道株式会社, Kyūshū Ryokaku Tetsudō Kabushiki-gaisha
  3. Cooper, Chris; Matsuda, Kiyotaka (16 October 2016). "JR Kyushu Prices IPO at Top End of Range to Raise $4 Billion". bloomberg.com. Bloomberg L.P. Retrieved 13 March 2017.
  4. "Company Overview of JR Kyushu Drug Eleven Co., Ltd". bloomberg.com. Bloomberg. 13 March 2017. Retrieved 13 March 2017.
  5. "Corporate Summary Archived 2009-12-09 at the Wayback Machine." Kyushu Railway Company. Retrieved on March 27, 2010.
  6. Kurimoto, Suguru (26 March 2015). "Japan rail company diversifies its way around disadvantages". Nikkei Asian Review. Retrieved 27 March 2015.

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