JR East's financial results for the three months to June were a deficit of 76.9 billion yen due to the continued decline in railway users due to the spread of the new coronavirus infection.
The deficit has shrunk by almost half compared to the same period last year, but the situation remains severe with no significant recovery in users.
The financial results of the entire group from April to June of JR East were
▽ sales increased by 30.2% compared to the same period last year to 433.3 billion yen
▽ final profit and loss was a deficit of 76.9 billion yen.
The deficit was almost half that of 155.3 billion yen in the same period last year, but it is the second consecutive year of deficit in the first quarter, following last year.
Due to the spread of the new coronavirus, the state of emergency targeting Tokyo and other areas continued to cause a decline in railway passengers, and railway revenues remained at about half the level before Corona.
The company plans to reduce expenses by about 70 billion yen this year by postponing capital investment within the range that does not hinder safety, considering that it is a difficult situation where a significant recovery of users cannot be expected in the future. In the future, we will consider additional cost reduction measures.
On the other hand, for the one-year business results up to March next year, we have left the previous forecast of a net profit of 36 billion yen.