Investor relations data of JR East
Returns of equity of JR East are as follows.
Mar/2008 12.30%
Mar/2009 11.30%
Mar/2010 6.87%
return of equity = (net income after tax) / (Shareholder equity)
JR East got high profit in 2007 and 2008 as a Japanese company. ROEs were above 10%.
However, it declined in 2009. JR East renovated many shops and stations and launched real estate business. It cost much.
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