JR West: Operating loss has been in the red for the first time in 9 years 18:21 on April 30 due to the influence of the new corona
JR West announced the financial results for the year ending March this year. Due to the spread of new coronavirus infection, the operating loss for the three months from January to last month was in the red for the first time in nine years.
JR West held a press conference on the 30th and announced the financial results from January to last month.
As a result, due to the spread of the new coronavirus, the number of passengers not only at the main business of railways but also at commercial facilities and hotels decreased significantly, resulting in a decrease in sales of approximately 55 billion yen from the initial forecast.
As a result, the operating loss, which shows the profits of our core business, was in the red of more than ¥ 30.5 billion. It is the first time in nine years since 2011 that the operating loss has been in the red for three months.
In addition, we have not yet decided on the earnings forecast for the year to March next year, which is usually announced at the same time, as the situation is not expected to converge and future income trends are uncertain.
Shoji Kurasaka, Senior Managing Director of JR West, said, "Since the beginning of this month, the number of customers has declined and we are prepared for a financial situation we have never experienced this year."