The Japan government plans to approve the stock listing of Kyushu Railway Co., which is currently under state control, in fiscal 2016, sources close to the matter said, writes Japan times. The government is likely to submit a bill for the listing to an ordinary Diet session next year.
The Land, Infrastructure, Transport and Tourism Ministry is considering giving the go-ahead to the listing now that JR Kyushu is on a firm footing, backed by a solid real estate business despite losses in its mainstay railway operations, the sources said.
The company posted record group sales and net profits in the April-September first half of fiscal 2014.
Source: www.japantimes.co.jp
Share on:
