Solid Recovery but JR East's Longer-Term Outlook Dimmed by Aging Population
East Japan Railway Company, or JR East, is Japan’s largest railway network operator. It runs both long distance bullet trains, known as Shinkansen, and shorter municipal train routes around and from Tokyo. More than 40% of revenue is from conventional train services within the Greater Tokyo Area, where it served about 17 million passengers per day prior to the pandemic. About 20% of revenue is from Shinkansen connecting Tokyo with regional cities and popular tourist destinations, and most of the balance is from retail operations and real estate investments.