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Most commuter train lines in Japan are part of integrated conglomerates of complementary businesses. JR East, which runs the Yamanote Line, also operates shoppi
by tkgally 2y ago
Most commuter train lines in Japan are part of integrated conglomerates of complementary businesses. JR East, which runs the Yamanote Line, also operates shopping malls, hotels, gyms, and other retail facilities at and near their stations. Many suburban lines, such as Tokyu and Hankyu, also have large real estate businesses along the train lines. The rail lines make the businesses more accessible, and the businesses boost rail usage. That symbiotic profitability has developed over many decades and would be very difficult to create from scratch.
- shiroiushi 2y agoIf you look at the actual profit numbers, these companies are better described as real estate companies that also run train lines (which bring people to the real estate properties, making those properties much more valuable).