Headquarters of JR West in Kita-ku, Osaka
West Japan Railway Company (西日本旅客鉄道株式会社, Nishi-Nihon
Ryokaku Tetsudō Kabushiki-gaisha?)
(TYO: 9021), also referred to as JR West (JR西日本, Jeiāru Nishi-Nihon?), is one of the
Japan Railways Group (JR Group) companies and operates in western Honshū.
History
JR West was incorporated as a business corporation (kabushiki kaisha) on
1 April 1987 as part of the breakup of government-owned
Japanese National Railways (JNR). Initially, it was a wholly owned subsidiary
of the JNR Settlement Corporation, a special company created to hold the
assets of the former JNR while they were shuffled among the new JR companies.
For the first four years of its existence, JR West leased its highest-revenue line, the Sanyō Shinkansen, from the separate Shinkansen Holding Corporation. JR
West purchased the line in October 1991 at a cost of 974.1 billion JPY (about 7.2 billion
USD) in long-term payable debt.
JNRSC sold 68.3% of JR West in an initial public offering on the
Tokyo Stock Exchange in October 1996. After JNRSC was dissolved in October 1998,
its shares of JR West were transferred to the government-owned Japan Railway Construction Public
Corporation (JRCC), which merged into the Japan Railway Construction, Transport and Technology Agency
(JRTT) as part of a bureaucratic reform package in October 2003. JRTT offered all of its shares in JR West to the public in an
international IPO in 2004, ending the era of government ownership of JR West. JR West is now listed on the Tokyo Stock Exchange, Nagoya Stock Exchange,
Osaka Securities Exchange and Fukuoka Stock
Exchange.
JR West continues to be burdened by debt sustained by JNR up to 1987, although through refinancing, it has managed to halve
its interest payments over the last ten years.
Lines
100 Series Shikansen train
Sanyō Shinkansen
-
JR West's highest-grossing line is the Sanyō Shinkansen high speed rail line between Osaka and Fukuoka. The Sanyō
Shinkansen alone accounts for about 40% of JR West's passenger revenues. The company also operates Hakata Minami Line, a short commuter line with Shinkansen trains in Fukuoka.
Urban Network
The "Urban Network" is JR West's name for its commuter rail lines in the
Osaka-Kobe-Kyoto metropolitan area. These lines together comprise 610 km of track, have
245 stations and account for about 40% of JR West's passenger revenues. Urban Network stations are equipped to handle
ICOCA fare cards. Train control on these lines is highly automated, and during peak hours trains
run as often as every two minutes.
JR West's Urban Network competes with a number of private commuter rail operators around Osaka, the "Big 4" being
Hankyū Railway/Hanshin Railway (Hankyu
bought Hanshin in 2005), Keihan Railway, Kinki Nippon
Railway (Kintetsu), and Nankai Railway. JR West's market share in the
region is roughly equal to that of the Big 4 put together, largely due to its comprehensive network and high-speed commuter
trains (Special Rapid Service trains on the Kobe and Kyoto lines operate at up to 130 km/h).
223 Series EMU for the Urban Network
Those in italics are nicknames.
Intercity and regional lines
Limited Express
Yakumo on the Hakubi Line
Diesel train on the Tsuyama Line local service
A number of other lines account for more than half of JR West's track mileage. These lines primarily handle business and
leisure travel between smaller cities and rural areas in western Japan. They account for about 20% of the company's passenger
revenues.
Intercity lines
Regional lines
Other businesses
JR West subsidiaries include:
- Chūgoku JR Bus Company - Intercity bus operator
- Nippon Travel Agency Co., Ltd
- Sagano Scenic Railway
- West JR Bus Company - Intercity bus operator
- West Japan Railway Hotel Development Company - Owns Hotel Granvia Kyoto
- West Japan Railway Isetan - A joint venture with Isetan; operates the Isetan department store in Kyoto Station
JR West also directly operates the JR Miyajima Ferry service between
Hiroshima and the island of Miyajima.
External links
Wikimedia Commons has media related to:
This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)