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Judo master poised to pull off 416b yen IPO for once 'hopeless' railway

Chairman spent 30 years turning JR Kyushu into profitable venture through diversification

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Koji Karaike: "We don't have goldmines like JR East's Yamanote line or JR Central's bullet train. We had to (diversify) as our level of commitment was different." The company, which loses money on its railway lines but generates profits from real estate, is on the verge of completing what will be the world's third-biggest listing this year.

Tokyo

WHEN Kyushu Railway Co was formed almost thirty years ago, it was "hopeless" to think the company might one day go public, chairman Koji Karaike says.

Now the company, which loses money on its railway lines and generates profit from real estate, is on the verge of completing

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