Ownership
In 1987, the government of Japan took steps to divide and privatize JNR. While division of operations began in April of that year, privatization was not immediate: initially, the government retained ownership of the companies. Privatization of some of the companies began in the early 1990s. By 2006, all of the shares of JR East, JR Central and JR West had been offered to the market and they are now publicly traded. On the other hand, all of the shares of JR Hokkaido, JR Shikoku, JR Kyushu and JR Freight are still owned by Japan Railway Construction, Transport and Technology Agency, an independent administrative institution of the state.
Read more about this topic: Japan Railways Group
Famous quotes containing the word ownership:
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