For JR East, it's closer to 75%https://twitter.com/380kmh/status/872462769555111936 …
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Popular misconception but not true to say railways are just a "sideline attraction;" over 50% of Odakyu's operating income is from transportation, more than all their other ventures combined:https://twitter.com/380kmh/status/841678653096366080 …
For JR East, it's closer to 75%https://twitter.com/380kmh/status/872462769555111936 …
Which is not to say that the side businesses are unimportant! But rather that Odakyu et al are *train businesses with real estate,* not *real estate businesses with trains*
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