Jr East, West Expect Biggest Net Losses For Fy2020

JR East, West expect biggest net losses for FY2020

Two major Japanese railway operators expect their net losses this fiscal year to be their biggest since they came into being following state rail privatization. The firms attribute the losses to the coronavirus outbreak.

East Japan Railway Company on Wednesday published its business projections for fiscal 2020 ending next March. The firm expects to post 3.98 billion dollars in losses.