TOKYO -- Japan's three major railways posted losses for the April-December period, while All Nippon Airways owner ANA Holdings suffered a net loss of as much as 309 billion yen ($2.95 billion) as the novel coronavirus and its impact prove long-lasting.
East Japan Railway Company, which operates in metropolitan Tokyo, took its first April-December period net loss, of 294.5 billion yen, the company announced on Friday. The railway also downwardly revised its revenue forecast for the fiscal year ending March to 1.7 trillion yen, down 39.8% from the previous year. The company cited the state of emergency that was declared this month as the main reason.
