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Japan railways branching out as inbound tourism fades

Japan's private railways, like Sotetsu, no longer are enjoying robust business from foreigners visiting Japan.

TOKYO -- With hotel demand from foreign visitors having lost momentum, railway operators in Japan are exploring new avenues of growth.

Fourteen major railways had announced April-September earnings by Thursday. Seven, including Kintetsu Group Holdings, booked year-on-year operating profit growth -- a slowdown from a year earlier when all 14 secured profit increases.

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