The Japanese National Railway Settlement Corporation ( 日本国有鉄道清算事業団 , Nihon Kokuyū Tetsudō Seisan Jigyōdan ) , or JNRSC , was a temporary holding company created to distribute the assets of the former Japanese National Railways (JNR) after its privatization in the mid-1980s. On October 22, 1998, the JNRSC was disbanded and placed under the Japan Railway Construction Public Corporation , JRCC, and its assets were transferred. Currently, the Japan Railway Construction, Transport and Technology Agency holds the liabilities and assets of the JNRSC.
16-785: The Hiroshima City Network ( 広島シティネットワーク , Hiroshima Shiti Nettowāku ) is the common name for the JR West rail lines in the Hiroshima metropolitan area. The network was created on October 5, 2002, and modeled after the Urban Network in the Kyōto-Osaka-Kōbe area of Japan . Unlike the Urban Network, the Hiroshima City Network was not created in order to serve the suburbs and surrounding environs of
32-530: A Japanese railway corporation or company-related topic is a stub . You can help Misplaced Pages by expanding it . West Japan Railway Company The West Japan Railway Company , 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 Honshu . It has its headquarters in Kita-ku, Osaka . It is listed in
48-414: A large city, but rather to service primarily stations within 30–40 minutes of Hiroshima Station . Between Hiroshima Station and Kaitaichi Station (which is quadruple-track), the outside two tracks are exclusively for passenger trains , while the inside two tracks are used primarily for freight trains , allowing for expansion of the use by passenger trains according to demand. This article about
64-928: A number of private commuter rail operators around Osaka, the "Big 4" being Hankyu Railway / Hanshin Railway (Hankyu bought Hanshin in April 2005), Keihan 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). Those in italics are announcement names. A number of other lines account for more than half of JR-West's track mileage. These lines mainly handle business and leisure travel between smaller cities and rural areas in western Japan. They account for about 20% of
80-530: A number of union commissions, and litigation was brought up to fight against the anti-labor acts of JNR and its JR Group successors. On December 22, 2003, the Supreme Court of Japan ruled in favor of the JR Group companies, saying that unfair labor practices by JNR were not the responsibility of the JR Group companies, and as independently operating agencies, they were not legally obligated to hire back
96-642: A short commuter line with Shinkansen trains in Fukuoka . 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 43% 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
112-758: Is now listed on the Tokyo Stock Exchange, Nagoya Stock Exchange , Osaka Securities Exchange and Fukuoka Stock Exchange . JNR Settlement Corporation The goal of disbanding the JNR was to privatize the newly created JR satellite companies, known collectively as the JR Group . Each of the seven companies was created as a kabushiki gaisha with the Japanese government as sole shareholder. Currently, JR East , JR West , JR Central and JR Kyushu are entirely privatized. JNRSC still holds titles to
128-839: The Tokyo Stock Exchange , is a constituent of the TOPIX Large70 index, and is also one of only three Japan Railways Group constituents of the Nikkei 225 index: the others are JR East and JR Central . It was also listed in the Nagoya and Fukuoka stock exchanges until late 2020. JR-West's highest-grossing line is the Sanyo Shinkansen high-speed rail line between Osaka and Fukuoka . The Sanyo Shinkansen alone accounts for about 40% of JR-West's passenger revenues. The company also operates Hakata Minami Line ,
144-557: The JNR Settlement Corporation, and 40% falling on three of the JR Group railway companies, JR East , JR Central , and JR West . While the smaller portion was expected to be repaid, the three JR Group railway companies were not held liable for failed earnings, and only made significant profit through sale of stock. JNR dignitaries staggered interest payments on the large existing debt to keep the JNRSC from paying back
160-511: The company's passenger revenues. JR-West subsidiaries include the following. JR-West was incorporated as a business corporation ( kabushiki kaisha ) on April 1, 1987, as part of the breakup of the state-owned Japanese National Railways (JNR). Initially, it was a wholly owned subsidiary of the JNR Settlement Corporation (JNRSC), a special company created to hold the assets of the former JNR while they were shuffled among
176-423: The debts that it was expected to. During its tenure, the debt increased, leaving taxpayers to pay off nearly ¥24 trillion as of 2009. When JNR was disbanded, many workers were left without jobs. The National Railway Workers' Union (Kokuro), and Japan Railway Motive Power Union , both prominent Japanese railway unions, represented a number of the JNR workers. JNR-provided lists contained workers' names for hire at
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#1732794413985192-638: The dismissed workers. Litigation on the matter after 1998 rests on the Japan Railway Construction, Transport and Technology Agency, which now holds the majority sum of the JNRSC's liability and assets. On June 28, 2010, 23 years after the original privatization, the Supreme Court settled the dispute between the workers and the Japan Railway Construction, Transport and Technology Agency , the successor body to
208-534: 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 US$ 7.2 billion) in long-term debt. JNRSC sold 68.3% of JR-West in an initial public offering on the Tokyo Stock Exchange in October 1996. After JNRSC
224-493: The remaining three JR Group companies, Hokkaido Railway Company (JR Hokkaido), Shikoku Railway Company (JR Shikoku), and the Japan Freight Railway Company (JR Freight). In 1987, when the privatization of Japanese National Railways took place, JNR debt totaled over ¥37 trillion. Upon passage of the 1987 Railway Reform Law, the debt of JNR was split, with 60% of the responsibility falling directly on
240-516: The seven JR Group railway companies. Members of Kokuro and the Japan Railway Motive Power Union were left off this list after being instructed to leave the union or face being laid off. After the restructuring, some 7,600 former JNR workers, mostly Kokuro members, were left without jobs. JNRSC, after acquiring many of them, proceeded to fire more than 1,000. This controversy was cited as example of unfair labor practice by
256-499: 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
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