JR Kyushu announced that its wholly-owned subsidiary, JR Kyushu Jet Ferry, will withdraw from the ferry business.
Despite efforts to restart operations of the high-speed ferry ‘QUEEN BEETLE’ plying the Fukuoka-Busan route, JR Kyushu and JR Kyushu Jet Ferry have decided to withdraw due to the inability to completely eliminate the risk of cracks in the hull, ensuring safety could not be guaranteed.
The company had 70 employees. For the fiscal period ending March 2024, an ordinary income of 33 million yen is recorded, and for the period from April to September 2025, a regular loss of 424 million yen is projected. JR Kyushu stated that this withdrawal will not have a significant impact on its consolidated performance.
Furthermore, JR Kyushu will discontinue the “JR Kyushu Jet Ferry Shareholder’s Benefit Ticket”. Individuals holding 100 or more shares of the company as of March 31, 2023, and March 31, 2024, will receive one “Railway Shareholder’s Benefit Ticket” each.
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