JR Tokai New Corona Impact First deficit forecast due to decrease in Shinkansen users October 28, 18:23
JR Tokai's financial results for the six months to last month posted a net loss of 113.5 billion yen due to a decrease in Shinkansen users due to the impact of the new coronavirus.
In addition, the company announced its earnings forecast for the year ending March next year, and indicated that it would be the first final deficit.
According to the financial results of the entire group for the six months to last month announced by JR Central on the 28th, sales decreased by 64% compared to the same period last year to 337.8 billion yen, and the final profit and loss was 113.5 billion yen. It was.
This is the first time that the interim financial results have fallen into the final deficit since the announcement of the interim financial results was started in 2000.
Due to the impact of the new coronavirus, the number of users of the Tokaido Shinkansen continued to decrease, and the income of department stores and hotels of the group decreased significantly.
He also announced a one-year earnings forecast for the year ending March next year, which had not been announced so far, and indicated that the final profit and loss would be a deficit of 1920 billion yen, the first final deficit.
At the press conference, President Shin Kaneko said, "Although the financial results and business outlook have been harsh, they are currently on a recovery trend, albeit at a low level. I think we will be able to make a profit next year."