Kyushu Railway Reports Decreased Quarterly Net Income

Kyushu Railway Company (JP:9142) has released an update.

Kyushu Railway Company reported a decline in net income for the quarter ending June 30, 2024, with a 35.8% decrease from the previous year, despite an increase in operating revenue by 6.4%. The company’s equity ratio improved slightly from 40.5% to 41.4% over the last quarter. Looking ahead, they have forecasted a 4.9% rise in operating revenue and a 9.8% increase in net income for the fiscal year ending March 31, 2025.

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