JR Kyushu eyes going public in FY 2004.
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.