Printer Friendly

JR Kyushu eyes going public in FY 2004.

FUKUOKA, April 12 Kyodo

Kyushu Railway Co. (JR Kyushu), a privatized railway company offering services in the southernmost main island of Kyushu, announced Wednesday its goal to go public, possibly in fiscal 2004, under a three-year management plan.

The management program for the JR Kyushu group also calls for implementing a plan to put Kyushu Shinkansen bullet train services in place by fiscal 2004.

JR Kyushu said it plans to create a committee comprising the board members of group companies charged with examining the capital outlay plans and fund-raising programs of the group members.

The program also aims to boost the group's consolidated operating and net profits to 238 billion yen and 3.5 billion yen from the 231.2 billion yen and 2.5 billion yen projected for fiscal 2000 that ended March 31.
COPYRIGHT 2001 Kyodo News International, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Japan Transportation Scan
Date:Apr 16, 2001
Words:135
Previous Article:Thai auto sales up 12.2% in 1st qtr.
Next Article:Mitsui O.S.K. likely to clear profit goal ahead of schedule.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters