First is JR East, which is doing splendidly with 15% profit. 68% of that is from transportation, and 32% of THAT is from HSR.
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For starters, they have HSR in Kyushu, connecting to the rest of Japan--this is over a third of their passenger business, too.
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Furthermore, JR Kyushu has made an extraordinary effort to distinguish itself on the basis of luxurypic.twitter.com/9104gAbY2U
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The upshot of which is that many trains in Kyushu are tourist attractions in their own right, so visitors make up a huge share of ridership
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All that--side businesses, luxury trains, and HSR connections to busier places--is what it takes for a rural rail company to stay solvent
End of conversation
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