Central Japan Railway Co

9022: XTKS (JPN)
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JR Central Earnings: Strong Results Overshadowed by Chuo Cost Blowout

Central Japan Railway Company, or JR Central, upgraded full-year net income guidance by 13% to JPY 480 billion after a strong first half, with net income up 28% to JPY 298 billion. Shares sank nearly 10% after management announced a blowout in the cost of the Chuo Shinkansen.

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